Segment Information

9 Months Ended

Sep. 28, 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 September 28, 2013:
Product Sales	$	115,143	$	140,790	$	56,796	$	176,885	$	111,910	$	601,524
Royalty Revenues		25		-		51		1,290		-	$	1,366
Total Revenue	$	115,168	$	140,790	$	56,847	$	178,175	$	111,910	$	602,890
Gross Margin	$	15,735	$	32,405	$	20,163	$	54,093	$	20,824	$	143,220
Fiscal quarter ended September 29, 2012:
Product Sales	$	123,289	$	124,108	$	50,205	$	161,979	$	111,431	$	571,012
Royalty Revenues		36		-		-		1,733		-	$	1,769
Total Revenue	$	123,325	$	124,108	$	50,205	$	163,712	$	111,431	$	572,781
Gross Margin	$	17,402	$	25,209	$	15,563	$	51,254	$	24,126	$	133,554
Nine fiscal months ended September 28, 2013:
Product Sales	$	331,473	$	406,525	$	171,419	$	510,630	$	329,821	$	1,749,868
Royalty Revenues		146		-		51		4,744		-	$	4,941
Total Revenue	$	331,619	$	406,525	$	171,470	$	515,374	$	329,821	$	1,754,809
Gross Margin	$	45,101	$	91,093	$	59,088	$	161,039	$	66,490	$	422,811
Nine fiscal months ended September 29, 2012:
Product Sales	$	329,316	$	380,250	$	158,900	$	484,136	$	341,704	$	1,694,306
Royalty Revenues		210		-		27		4,984		-	$	5,221
Total Revenue	$	329,526	$	380,250	$	158,927	$	489,120	$	341,704	$	1,699,527
Gross Margin	$	46,728	$	78,939	$	51,462	$	160,586	$	80,167	$	417,882

	Fiscal quarters ended						Nine fiscal months ended
	September 28, 2013			September 29, 2012			September 28, 2013			September 29, 2012
Operating margin reconciliation:
MOSFETs	$	5,313		$	7,127		$	13,828		$	17,126
Diodes		26,240			19,432			72,968			61,473
Optoelectronic Components		16,492			12,420			48,259			41,657
Resistors & Inductors		45,096			43,617			134,836			136,817
Capacitors		14,879			19,033			48,920			63,901
Executive Compensation Credit (Charge)		-			-			1,778			-
Gain on Sale of Property		-			-			-			12,153
Unallocated Selling, General, and Administrative Expenses		(54,867	)		(57,170	)		(169,941	)		(165,440	)
Consolidated Operating Income	$	53,153		$	44,459		$	150,648		$	167,687