Segment Information

9 Months Ended

Sep. 29, 2012

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, asset write-downs, goodwill and indefinite-lived intangible asset impairments, inventory write-downs, gains or losses on purchase commitments, 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 September 29, 2012:
Product Sales	$	123,289	$	124,108	$	50,205	$	161,979	$	111,431	$	571,012
Royalty Revenues		36		-		-		1,733		-	$	1,769
Total Revenue	$	123,325	$	124,108	$	50,205	$	163,712	$	111,431	$	572,781
Gross Margin	$	17,402	$	25,209	$	15,563	$	51,254	$	24,126	$	133,554
Fiscal quarter ended October 1, 2011:
Product Sales	$	131,832	$	150,993	$	56,089	$	155,273	$	141,634	$	635,821
Royalty Revenues		34		-		30		1,764		-	$	1,828
Total Revenue	$	131,866	$	150,993	$	56,119	$	157,037	$	141,634	$	637,649
Gross Margin	$	27,260	$	35,783	$	17,350	$	51,650	$	35,434	$	167,477
Nine fiscal months ended September 29, 2012:
Product Sales	$	329,316	$	380,250	$	158,900	$	484,136	$	341,704	$	1,694,306
Royalty Revenues		210		-		27		4,984		-	$	5,221
Total Revenue	$	329,526	$	380,250	$	158,927	$	489,120	$	341,704	$	1,699,527
Gross Margin	$	46,728	$	78,939	$	51,462	$	160,586	$	80,167	$	417,882
Nine fiscal months ended October 1, 2011:
Product Sales	$	427,913	$	480,023	$	177,556	$	494,622	$	457,781	$	2,037,895
Royalty Revenues		196		-		72		4,475		-	$	4,743
Total Revenue	$	428,109	$	480,023	$	177,628	$	499,097	$	457,781	$	2,042,638
Gross Margin	$	109,510	$	118,622	$	59,259	$	171,764	$	135,175	$	594,330

	Fiscal quarters ended						Nine fiscal months ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
Operating margin reconciliation:
MOSFETs	$	7,127		$	17,314		$	17,126		$	79,246
Diodes		19,432			29,220			61,473			99,228
Optoelectronic Components		12,420			13,869			41,657			48,556
Resistors & Inductors		43,617			44,917			136,817			150,778
Capacitors		19,033			29,415			63,901			116,332
Unallocated Selling, General, and Administrative Expenses		(57,170	)		(57,529	)		(165,440	)		(175,342	)
Gain on Sale of Property		-			-			12,153			-
Executive Compensation Charges		-			(1,873	)		-			(5,762	)
Consolidated Operating Income	$	44,459		$	75,333		$	167,687		$	313,036