Segment Information

6 Months Ended

Jun. 28, 2014

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, executive compensation charges (credits), material gains and losses on sales of property, 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 28, 2014:
Product Sales	$	123,971	$	149,571	$	63,258	$	192,536	$	111,744	$	641,080
Royalty Revenues		71		-		-		778		-	$	849
Total Revenue	$	124,042	$	149,571	$	63,258	$	193,314	$	111,744	$	641,929
Gross Margin	$	18,871	$	34,706	$	22,788	$	61,395	$	26,333	$	164,093
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

Six fiscal months ended June 28, 2014:
Product Sales	$	237,084	$	286,500	$	120,756	$	380,525	$	217,255	$	1,242,120
Royalty Revenues		99		-		-		2,088		-	$	2,187
Total Revenue	$	237,183	$	286,500	$	120,756	$	382,613	$	217,255	$	1,244,307
Gross Margin	$	31,488	$	64,471	$	44,025	$	121,515	$	47,877	$	309,376
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

	Fiscal quarters ended						Six fiscal months ended
	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Operating margin reconciliation:
MOSFETs	$	9,493		$	5,682		$	11,980		$	8,515
Diodes		28,130			25,339			51,188			46,728
Optoelectronic Components		18,945			15,558			36,349			31,767
Resistors & Inductors		51,969			45,540			102,305			89,740
Capacitors		20,122			15,585			35,463			34,041
Restructuring and Severance Costs		(9,014	)		-			(15,418	)		-
Executive Compensation Credit		-			1,778			-			1,778
Unallocated Selling, General, and Administrative Expenses		(61,722	)		(57,592	)		(121,372	)		(115,074	)
Consolidated Operating Income	$	57,923		$	51,890		$	100,495		$	97,495