Segment Information

3 Months Ended

Apr. 01, 2012

Segment Information [Abstract]

Segment Information

Note 8 – Segment Information

Fairchild is currently organized onto three reporting segments. The organization is an application based structure which corresponds with the way the company manages the business. The majority of the company's activities are aligned into two focus areas; MCCC, which focuses on mobile and ultraportable products and PCIA, which focuses on power supply and motor control solutions. Each of these segments has a specific focus area, a small set of leading customers, and common technology requirements for their product groups. The third reporting segment, SDT, combines the management of multiple market products that provide generic solutions for standard diodes / transistors, standard linear, and infrared.

Effective the first day of 2012, the mature logic group was transferred from the MCCC reporting segment to SDT and the management of the ground fault interrupt (GFI) products was moved from MCCC to PCIA. Prior year numbers have been restated to reflect this change.

The following table presents selected operating segment financial information for the three months ended April 1, 2012 and March 27, 2011.

	Three Months Ended
	April 1, 2012			March 27, 2011
	(In millions)
Revenue and Operating Income:
MCCC
Total revenue	$	142.6		$	144.1
Operating income		24.9			27.8
PCIA
Total revenue		174.2			212.3
Operating income		25.0			60.0
SDT
Total revenue		35.4			56.6
Operating income		4.3			13.4
Corporate
Restructuring and impairments expense		(2.4	)		(2.5	)
Stock-based compensation expense		(6.9	)		(5.0	)
Selling, general and administrative expense		(42.2	)		(41.4	)
Other (1)		0.2			(0.4	)
Total Consolidated
Total revenue	$	352.2		$	413.0
Operating income	$	2.9		$	51.9
Other expense, net		1.5			1.1
Income before income taxes	$	1.4		$	50.8

(1) Other in 2011 primarily consists of accelerated depreciation related to the previously planned closure of the Mountaintop facility.