Segment Information

9 Months Ended

Oct. 03, 2015

Segment Information [Abstract]

Segment Information

Note 10 – 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, goodwill and long-lived asset impairment charges, 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 October 3, 2015:
Product Sales	$	109,446	$	123,922	$	70,008	$	172,995	$	83,547	$	559,918
Royalty Revenues		-		-		-		736		-	$	736
Total Revenue	$	109,446	$	123,922	$	70,008	$	173,731	$	83,547	$	560,654
Gross Margin	$	16,795	$	27,508	$	22,969	$	49,843	$	13,029	$	130,144
Fiscal quarter ended September 27, 2014:
Product Sales	$	121,631	$	151,444	$	67,549	$	189,419	$	107,105	$	637,148
Royalty Revenues		28		-		-		1,035		-	$	1,063
Total Revenue	$	121,659	$	151,444	$	67,549	$	190,454	$	107,105	$	638,211
Gross Margin	$	17,384	$	36,135	$	24,585	$	59,581	$	20,707	$	158,392

Nine fiscal months ended October 3, 2015:
Product Sales	$	322,553	$	399,155	$	211,610	$	538,173	$	270,474	$	1,741,965
Royalty Revenues		11		-		-		2,584		-	$	2,595
Total Revenue	$	322,564	$	399,155	$	211,610	$	540,757	$	270,474	$	1,744,560
Gross Margin	$	45,261	$	88,998	$	69,483	$	162,034	$	50,888	$	416,664
Nine fiscal months ended September 27, 2014:
Product Sales	$	358,715	$	437,944	$	188,305	$	569,944	$	324,360	$	1,879,268
Royalty Revenues		127		-		-		3,123		-	$	3,250
Total Revenue	$	358,842	$	437,944	$	188,305	$	573,067	$	324,360	$	1,882,518
Gross Margin	$	48,872	$	100,606	$	68,610	$	181,096	$	68,584	$	467,768

	Fiscal quarters ended						Nine fiscal months ended
	October 3, 2015			September 27, 2014			October 3, 2015			September 27, 2014
Operating margin reconciliation:
MOSFETs	$	6,839		$	7,824		$	16,506		$	19,804
Diodes		21,628			29,720			70,641			80,908
Optoelectronic Components		17,673			20,571			53,923			56,920
Resistors & Inductors		41,404			50,194			135,399			152,499
Capacitors		7,618			14,482			33,968			49,945
Restructuring and Severance Costs		(2,324	)		(3,508	)		(9,394	)		(18,926	)
Impairment of goodwill and long-lived assets		(62,980	)		-			(62,980	)		-
U.S. pension settlement charges		-			(15,588	)		-			(15,588	)
Unallocated Selling, General, and Administrative Expenses		(54,013	)		(58,236	)		(170,490	)		(179,608	)
Consolidated Operating Income	$	(24,155	)	$	45,459		$	67,573		$	145,954