Segment and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2018

Segment and Geographic Data [Abstract]

Segment reporting information

Note 15 – Segment and Geographic Data (continued)

The following tables set forth business segment information:

	MOSFETs		Diodes		Optoelectronic Components		Resistors & Inductors		Capacitors		Corporate / Other		Total
Year ended December 31, 2018:
Net revenues	$	547,643	$	712,936	$	289,727	$	1,018,286	$	466,097	$	-	$	3,034,689
Gross Profit		145,923		196,702		100,219		337,268		108,412		-	$	888,524
Segment Operating Income		106,955		175,752		82,681		303,571		86,929		-	$	755,888
Depreciation expense		32,104		38,197		16,612		37,708		17,745		7,690	$	150,056
Capital expenditures		49,557		57,756		19,935		80,862		12,200		9,589	$	229,899
Total Assets as of December 31, 2018:	$	444,356	$	804,784	$	342,656	$	874,835	$	487,540	$	152,027	$	3,106,198
Year ended December 31, 2017:*
Net revenues	$	467,476	$	619,958	$	284,429	$	843,529	$	383,976	$	-	$	2,599,368
Gross Profit		109,603		165,176		98,000		251,905		78,425		-	$	703,109
Segment Operating Income		74,174		145,645		80,499		222,878		58,544		-	$	581,740
Depreciation expense		34,731		37,396		16,871		34,083		17,736		8,066	$	148,883
Capital expenditures		33,475		38,681		16,115		67,007		11,135		4,019	$	170,432
Total Assets as of December 31, 2017:	$	412,598	$	792,610	$	332,228	$	994,639	$	568,113	$	361,901	$	3,462,089
Year ended December 31, 2016:*
Net revenues	$	405,949	$	552,766	$	269,162	$	753,524	$	335,927	$	-	$	2,317,328
Gross Profit		58,431		136,580		87,516		224,352		66,943		-	$	573,822
Segment Operating Income		22,536		115,873		68,246		193,241		46,414		-	$	446,310
Depreciation expense		34,531		35,335		15,549		32,240		17,817		9,049	$	144,521
Capital expenditures		22,430		29,860		18,276		47,006		14,410		2,653	$	134,635
Total Assets as of December 31, 2016:	$	389,482	$	714,898	$	312,423	$	907,995	$	495,925	$	259,978	$	3,080,701

________________

*Recast for the retrospective adoption of ASUs 2014-09 and 2017-07.  See Note 1.

Operating margin reconciliation

	Years ended December 31,
	2018				2017**			2016**
Reconciliation:
Segment Operating Income	$	755,888		$	581,740		$	446,310
Restructuring and Severance Costs		-			(11,273	)		(19,199	)
Impairment of Intangible Assets		-			-			(1,559	)
Unallocated Selling, General, and Administrative Expenses		(270,768	)		(246,462	)		(228,494	)
Consolidated Operating Income (Loss)	$	485,120		$	324,005		$	197,058
Unallocated Other Income (Expense)		(68,344	)		(44,641	)		(102,842	)
Consolidated Income Before Taxes	$	416,776		$	279,364		$	94,216

**Recast for the retrospective adoption of ASU 2017-07.  See Note 1.

See Note 4 for restructuring and severance costs segment information.

Revenues Based on Geographic Area

The following table summarizes net revenues based on revenues generated by subsidiaries located within the identified geographic area:

	Years ended December 31,
	2018		2017**		2016**
United States	$	743,647	$	590,839	$	541,106
Germany		982,082		837,258		743,500
Other Europe		123,846		99,636		83,532
Israel		13,299		11,075		10,046
Asia		1,171,815		1,060,560		939,144
	$	3,034,689	$	2,599,368	$	2,317,328

**Recast for the retrospective adoption of ASU 2017-07.  See Note 1.

The following table summarizes property and equipment based on physical location:

Property and Equipment Based on Geographic Area

	December 31,
	2018		2017
United States	$	117,138	$	99,993
Germany		169,941		154,874
Other Europe		121,964		130,523
Israel		103,675		102,890
People's Republic of China		217,681		192,521
Republic of China (Taiwan)		145,644		122,080
Other Asia		88,864		99,493
Other		4,094		3,384
	$	969,001	$	905,758

Disaggregation of Revenue

The Company has a broad line of products that it sells to OEMs, EMS companies, and independent distributors.  The distribution of sales by customer type is shown below:

	Years Ended December 31,
	2018		2017		2016
Distributors	$	1,742,262	$	1,484,276	$	1,280,060
OEMs		1,085,292		931,291		861,322
EMS companies		207,135		183,801		175,946
Total Revenue	$	3,034,689	$	2,599,368	$	2,317,328

Note 15 – Segment and Geographic Data (continued)

Net revenues were attributable to customers in the following regions:

	Years Ended December 31,
	2018			2017		2016
Asia	$	1,193,827	$	1,091,107	$	948,195
Europe		1,081,073		902,357		810,543
Americas		759,789		605,904		558,590
Total Revenue	$	3,034,689	$	2,599,368	$	2,317,328

The Company generates substantially all of its revenue from product sales to end customers in the industrial, automotive, telecommunications, computing, consumer products, power supplies, military and aerospace, and medical end markets.  Sales by end market are presented below:

	Years Ended December 31,
	2018		2017		2016
Industrial	$	1,139,880	$	934,631	$	796,031
Automotive		861,436		727,220		640,767
Telecommunications		200,379		190,682		193,456
Computing		228,831		198,850		172,481
Consumer Products		168,884		145,243		150,741
Power Supplies		144,433		160,038		132,555
Military and Aerospace		162,921		132,898		128,523
Medical		127,925		109,806		102,774
Total Revenue	$	3,034,689	$	2,599,368	$	2,317,328