Segment Information

6 Months Ended

Jul. 02, 2016

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 July 2, 2016:
Product Sales	$	102,219	$	142,118	$	68,059	$	192,717	$	84,856	$	589,969
Royalty Revenues		-		-		-		82		-	$	82
Total Revenue	$	102,219	$	142,118	$	68,059	$	192,799	$	84,856	$	590,051
Gross Profit	$	11,884	$	37,258	$	21,618	$	57,256	$	18,112	$	146,128
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 Profit	$	14,708	$	31,600	$	24,331	$	53,342	$	17,501	$	141,482

Six fiscal months ended July 2, 2016:
Product Sales	$	203,152	$	277,502	$	130,834	$	376,133	$	172,876	$	1,160,497
Royalty Revenues		-		-		-		160		-	$	160
Total Revenue	$	203,152	$	277,502	$	130,834	$	376,293	$	172,876	$	1,160,657
Gross Profit	$	24,471	$	69,920	$	40,799	$	113,040	$	35,207	$	283,437
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 Profit	$	28,466	$	61,490	$	46,514	$	112,191	$	37,859	$	286,520

	Fiscal quarters ended						Six fiscal months ended
	July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015
Operating margin reconciliation:
MOSFETs	$	2,560		$	5,140		$	5,178		$	9,667
Diodes		31,550			25,528			58,193			49,013
Optoelectronic Components		15,844			19,163			29,498			36,250
Resistors & Inductors		48,571			44,470			95,454			93,995
Capacitors		12,632			11,786			23,935			26,350
Restructuring and Severance Costs		(4,467	)		(5,660	)		(10,942	)		(7,070	)
Unallocated Selling, General, and Administrative Expenses		(57,282	)		(56,257	)		(111,360	)		(116,477	)
Consolidated Operating Income	$	49,408		$	44,170		$	89,956		$	91,728