Segment Information

6 Months Ended

Jun. 30, 2015

Segment Information [Abstract]

Segment Information

Note 8 – 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 July 4, 2015:
Product Sales	$	106,348	$	138,722	$	72,977	$	178,786	$	92,891	$	589,724
Royalty Revenues		-		-		-		746		-	$	746
Total Revenue	$	106,348	$	138,722	$	72,977	$	179,532	$	92,891	$	590,470
Gross Margin	$	14,708	$	31,600	$	24,331	$	53,342	$	17,501	$	141,482
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

Six fiscal months ended July 4, 2015:
Product Sales	$	213,107	$	275,233	$	141,602	$	365,178	$	186,927	$	1,182,047
Royalty Revenues		11		-		-		1,848		-	$	1,859
Total Revenue	$	213,118	$	275,233	$	141,602	$	367,026	$	186,927	$	1,183,906
Gross Margin	$	28,466	$	61,490	$	46,514	$	112,191	$	37,859	$	286,520
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

	Fiscal quarters ended						Six fiscal months ended
	July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Operating margin reconciliation:
MOSFETs	$	5,140		$	9,493		$	9,667		$	11,980
Diodes		25,528			28,130			49,013			51,188
Optoelectronic Components		19,163			18,945			36,250			36,349
Resistors & Inductors		44,470			51,969			93,995			102,305
Capacitors		11,786			20,122			26,350			35,463
Restructuring and Severance Costs		(5,660	)		(9,014	)		(7,070	)		(15,418	)
Unallocated Selling, General, and Administrative Expenses		(56,257	)		(61,722	)		(116,477	)		(121,372	)
Consolidated Operating Income	$	44,170		$	57,923		$	91,728		$	100,495