Segment Information

6 Months Ended

Jun. 30, 2012

Segment Information [Abstract]

Segment Information

Note 9 – Segment Information

Vishay operates, and its chief operating decision maker makes strategic and operating decisions with regards to assessing performance and allocating resources based on, five reporting segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors, and Capacitors.

The Company evaluates business segment performance on operating income, exclusive of certain items (“segment operating income”).  Only dedicated, direct selling, general, and administrative expenses of the segments are included in the calculation of segment operating income.  The Company’s calculation of segment operating income excludes such selling, general, and administrative costs as global operations, sales and marketing, information systems, finance and administration groups, as well as restructuring and severance costs, asset write-downs, goodwill and indefinite-lived intangible asset impairments, inventory write-downs, gains or losses on purchase commitments, and other items.  Management believes that evaluating segment performance excluding such items is meaningful because it provides insight with respect to intrinsic operating results of the Company.  These items represent reconciling items between segment operating income and consolidated operating income.  Business segment assets are the owned or allocated assets used by each business.

The following tables set forth business segment information:

	MOSFETs		Diodes		Optoelectronic Components		Resistors & Inductors		Capacitors		Total
Fiscal quarter ended June 30, 2012:
Product Sales	$	111,326	$	136,008	$	58,083	$	164,903	$	116,347	$	586,667
Royalty Revenues		37		-		-		1,495		-	$	1,532
Total Revenue	$	111,363	$	136,008	$	58,083	$	166,398	$	116,347	$	588,199
Gross Margin	$	18,709	$	28,676	$	18,605	$	55,073	$	26,556	$	147,619
Fiscal quarter ended July 2, 2011:
Product Sales	$	153,180	$	169,613	$	63,761	$	167,430	$	154,295	$	708,279
Royalty Revenues		65		-		-		1,494		-	$	1,559
Total Revenue	$	153,245	$	169,613	$	63,761	$	168,924	$	154,295	$	709,838
Gross Margin	$	42,811	$	43,699	$	21,961	$	58,956	$	44,763	$	212,190
Six fiscal months ended June 30, 2012:
Product Sales	$	206,027	$	256,142	$	108,695	$	322,157	$	230,273	$	1,123,294
Royalty Revenues		174		-		27		3,251		-	$	3,452
Total Revenue	$	206,201	$	256,142	$	108,722	$	325,408	$	230,273	$	1,126,746
Gross Margin	$	29,326	$	53,730	$	35,899	$	109,332	$	56,041	$	284,328
Six fiscal months ended July 2, 2011:
Product Sales	$	296,081	$	329,030	$	121,467	$	339,349	$	316,147	$	1,402,074
Royalty Revenues		162		-		42		2,711		-	$	2,915
Total Revenue	$	296,243	$	329,030	$	121,509	$	342,060	$	316,147	$	1,404,989
Gross Margin	$	82,250	$	82,839	$	41,909	$	120,114	$	99,741	$	426,853

	Fiscal quarters ended						Six fiscal months ended
	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Operating margin reconciliation:
MOSFETs	$	8,676		$	32,522		$	9,999		$	61,932
Diodes		22,682			37,208			42,041			70,008
Optoelectronic Components		15,192			18,330			29,237			34,687
Resistors & Inductors		46,688			51,757			93,200			105,861
Capacitors		20,951			38,584			44,868			86,917
Unallocated Selling, General, and Administrative Expenses		(53,459	)		(59,007	)		(108,270	)		(117,813	)
Gain on Sale of Property		12,153			-			12,153			-
Executive Compensation Charge		-			(3,889	)		-			(3,889	)
Consolidated Operating Income	$	72,883		$	115,505		$	123,228		$	237,703