Segment Information

6 Months Ended

Jun. 29, 2013

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 29, 2013:
Product Sales	$	115,484	$	140,623	$	58,397	$	169,817	$	111,749	$	596,070
Royalty Revenues		79		-		-		1,516		-	$	1,595
Total Revenue	$	115,563	$	140,623	$	58,397	$	171,333	$	111,749	$	597,665
Gross Margin	$	16,466	$	31,427	$	19,151	$	54,345	$	21,468	$	142,857
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
Six fiscal months ended June 29, 2013:
Product Sales	$	216,330	$	265,735	$	114,623	$	333,745	$	217,911	$	1,148,344
Royalty Revenues		121		-		-		3,454		-	$	3,575
Total Revenue	$	216,451	$	265,735	$	114,623	$	337,199	$	217,911	$	1,151,919
Gross Margin	$	29,366	$	58,688	$	38,925	$	106,946	$	45,666	$	279,591
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

	Fiscal quarters ended						Six fiscal months ended
	June 29, 2013			June 30, 2012			June 29, 2013			June 30, 2012
Operating margin reconciliation:
MOSFETs	$	5,682		$	8,676		$	8,515		$	9,999
Diodes		25,339			22,682			46,728			42,041
Optoelectronic Components		15,558			15,192			31,767			29,237
Resistors & Inductors		45,540			46,688			89,740			93,200
Capacitors		15,585			20,951			34,041			44,868
Executive Compensation Credit (Charge)		1,778			-			1,778			-
Gain on Sale of Property		-			12,153			-			12,153
Unallocated Selling, General, and Administrative Expenses		(57,592	)		(53,459	)		(115,074	)		(108,270	)
Consolidated Operating Income	$	51,890		$	72,883		$	97,495		$	123,228