SEGMENT REPORTING

12 Months Ended

Mar. 31, 2017

Segment Reporting, Measurement Disclosures [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

Operating segments are defined as components of an enterprise for which separate financial information is available that is evaluated regularly by the Chief Operating Decision Maker ("CODM"), or a decision making group, in deciding how to allocate resources and in assessing performance. Resource allocation decisions and the Company's performance are assessed by its Chief Executive Officer ("CEO"), with support from his direct staff who oversee certain operations of the business, collectively identified as the CODM or the decision making group.

The Company has four reportable segments: HRS, CTG, IEI, and CEC. These segments represent components of the Company for which separate financial information is available that is utilized on a regular basis by the CODM. These segments are determined based on several factors, including the nature of products and services, the nature of production processes, customer base, delivery channels and similar economic characteristics. Refer to note 1 to the financial statements for a description of the various product categories manufactured under each of these segments.

An operating segment's performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, and segment selling, general and administrative expenses, and does not include amortization of intangibles, stock-based compensation, restructuring charges and other, distressed customer charges,other charges (income), net and interest and other, net.

Selected financial information by segment is as follows:

	Fiscal Year Ended March 31,
	2017			2016			2015
	(In thousands)
Net sales:
Communications & Enterprise Compute	$	8,383,420		$	8,841,642		$	9,191,211
Consumer Technologies Group	6,362,338			6,997,526			8,940,043
Industrial & Emerging Industries	4,967,738			4,680,718			4,459,351
High Reliability Solutions	4,149,438			3,898,999			3,557,311
	$	23,862,934		$	24,418,885		$	26,147,916
Segment income and reconciliation of income before tax:
Communications & Enterprise Compute	$	229,332		$	265,076		$	257,323
Consumer Technologies Group	179,910			163,677			218,251
Industrial & Emerging Industries	179,749			157,588			131,956
High Reliability Solutions	334,108			294,635			227,595
Corporate and Other	(107,850		)	(89,219		)	(83,988		)
Total income	815,249			791,757			751,137
Reconciling items:
Intangible amortization	81,396			65,965			32,035
Stock-based compensation	82,266			77,580			50,270
SunEdison bankruptcy related (Note 2)	92,915			61,006			—
Restructuring and other (1)	67,099			—			—
Other charges (income), net	21,193			47,738			(53,233		)
Interest and other, net	99,532			84,793			51,410
Income before income taxes	$	370,848		$	454,675		$	670,655

Corporate and other primarily includes corporate services costs that are not included in the CODM's assessment of the performance of each of the identified reporting segments.

(1) During the fiscal year ended March 31, 2017, the Company initiated a restructuring plan to accelerate its ability to support more Sketch-to-Scale^tm efforts across the Company and reposition away from historical legacy programs and structures through rationalizing its current footprint at existing sites and at corporate SG&A functions. This charge is primarily for employee terminations costs, as described in note 14, as well as other asset impairments, and is split between cost of sales and selling, general and administration expenses on the Company's consolidated statement of operations. This charge is excluded from the measurement of the Company's operating segment's performance.

Property and equipment on a segment basis is not disclosed as it is not separately identified and is not internally reported by segment to the Company's CODM. During fiscal year 2017, 2016 and 2015, depreciation expense included in the segment's measure of operating performance above is as follows:

	Fiscal Year Ended March 31,
	2017		2016		2015
	(In thousands)
Depreciation expense
Communications & Enterprise Compute	$	133,057	$	117,710	$	130,311
Consumer Technologies Group	110,379		123,139		203,808
Industrial & Emerging Industries	70,814		72,415		64,541
High Reliability Solutions	88,604		80,935		62,831
Corporate and Other	29,384		31,530		35,334
Total depreciation expense	$	432,238	$	425,729	$	496,825

Geographic information is as follows:

	Fiscal Year Ended March 31,
	2017				2016				2015
	(In thousands)
Net sales:
Asia	$	10,962,075	46	%	$	11,788,992	48	%	$	12,953,004	50	%
Americas	8,582,849		36	%	8,347,514		34	%	8,897,868		34	%
Europe	4,318,010		18	%	4,282,379		18	%	4,297,044		16	%
	$	23,862,934			$	24,418,885			$	26,147,916

Revenues are attributable to the country in which the product is manufactured or service is provided.

During fiscal years 2017, 2016 and 2015, net sales generated from Singapore, the principal country of domicile, were approximately $595.3 million, $519.1 million and $553.4 million, respectively.

During fiscal year 2017, China, Mexico, the United States and Malaysia accounted for approximately 30%, 17%, 11% and 10% of consolidated net sales, respectively. No other country accounted for more than 10% of net sales in fiscal year 2017.

During fiscal year 2016, China, Mexico, and the United States accounted for approximately 35%, 15%, and 11% of consolidated net sales, respectively. No other country accounted for more than 10% of net sales in fiscal year 2016.

During fiscal year 2015, China, Mexico, and the United States accounted for approximately 37%, 13% and 11% of consolidated net sales, respectively. No other country accounted for more than 10% of net sales in fiscal year 2015.

	As of March 31,
	2017				2016
	(In thousands)
Property and equipment, net:
Asia	$	960,290	41	%	$	1,013,317	45	%
Americas	939,888		41	%	886,305		39	%
Europe	416,848		18	%	358,011		16	%
	$	2,317,026			$	2,257,633

As of March 31, 2017 and 2016, property and equipment, net held in Singapore were approximately $13.2 million and $13.4 million, respectively.

As of March 31, 2017, China, Mexico and the United States accounted for approximately 31%, 23% and 13%, respectively, of property and equipment, net. No other country accounted for more than 10% of property and equipment, net as of March 31, 2017.

As of March 31, 2016, China, Mexico and the United States accounted for approximately 35%, 19% and 15%, respectively, of property and equipment, net. No other country accounted for more than 10% of property and equipment, net as of March 31, 2016.