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SEGMENT REPORTING (Tables)
12 Months Ended
Mar. 31, 2019
Segment Reporting, Measurement Disclosures [Abstract]  
Schedule of segment reporting information by operating segment
During fiscal year 2019, 2018 and 2017, depreciation expense included in the segments' measure of operating performance above is as follows. Historical information has been recast to reflect realignment of customers and/or products between segments:
 
Fiscal Year Ended March 31,
 
2019
 
2018
 
2017
 
(In thousands)
Depreciation expense
 
 
 
 
 
High Reliability Solutions
$
96,854

 
$
97,114

 
$
88,604

Industrial & Emerging Industries
92,606

 
75,366

 
70,814

Communication & Enterprise Compute
103,162

 
118,150

 
133,057

Consumer Technologies Group
104,298

 
110,276

 
110,379

Corporate and Other
36,493

 
33,526

 
29,384

Total depreciation expense
$
433,413

 
$
434,432

 
$
432,238

The comparative information for the fiscal years 2018 and 2017 has not been restated and continues to be reported under the accounting standards in effect at the time:
 
Fiscal Year Ended March 31,
 
2019
 
2018
 
2017
 
(In thousands)
Net sales:
 
 
 
 
 
High Reliability Solutions
$
4,828,950

 
$
4,769,464

 
$
4,149,438

Industrial & Emerging Industries
6,182,637

 
5,972,496

 
4,967,738

Communications & Enterprise Compute
8,336,330

 
7,729,350

 
8,383,420

Consumer Technologies Group
6,862,594

 
6,969,821

 
6,362,338

 
$
26,210,511

 
$
25,441,131

 
$
23,862,934

Segment income and reconciliation of income before tax:
 
 
 
 
 
High Reliability Solutions
$
371,003

 
$
380,878

 
$
334,108

Industrial & Emerging Industries
269,172

 
235,422

 
179,749

Communications & Enterprise Compute
214,723

 
186,335

 
229,332

Consumer Technologies Group
121,336

 
111,629

 
179,910

Corporate and Other
(104,471
)
 
(127,810
)
 
(107,850
)
Total income
871,763

 
786,454

 
815,249

Reconciling items:
 
 
 
 
 
Intangible amortization
74,396

 
78,640

 
81,396

Stock-based compensation
76,032

 
85,244

 
82,266

Customer related asset impairments (1)
87,093

 
6,251

 
92,915

Restructuring charges (Note 14)
113,313

 
90,691

 
49,395

New revenue standard adoption impact (Note 2 & Note 3)
9,291

 

 

Contingencies and other (2)
35,644

 
51,631

 
17,704

Interest and other, net
183,454

 
122,823

 
99,532

Other charges (income), net (Note 15)
110,414

 
(169,719
)
 
21,193

Income before income taxes
$
182,126

 
$
520,893

 
$
370,848



(1)
Customer related asset impairments for fiscal year 2019, relate to provision for doubtful accounts receivable, inventory and impairment of other assets for certain customers experiencing significant financial difficulties and/or the Company is disengaging.

During fiscal year 2017, prices for solar panel modules declined significantly. The Company determined that certain solar panel inventory on hand at the end of the fiscal year 2017 was not fully recoverable and recorded a charge of $60 million to reduce the carrying costs to market in fiscal year 2017. The Company also recognized a $16 million impairment charge for solar module equipment and $17 million primarily related to negative margin sales and other associated direct costs. The total charge of $93 million is included in cost of sales for fiscal year 2017 but is excluded from segment results above.

(2)
Contingencies and other during fiscal year 2019, primarily consists of costs incurred relating to the independent investigation undertaken by the Audit Committee of the Company’s Board of Directors which was completed in June 2018. In addition, Contingencies and other also includes certain charges of the China based Multek operations that was divested in the second quarter of fiscal year 2019.

During fiscal year 2018, the Company incurred charges in connection with certain legal matters, for loss contingencies where it believed that losses were probable and estimable. Additionally, the Company incurred various other charges predominately related to damages incurred from a typhoon that impacted a China facility, as well as certain assets impairments during fiscal year 2018.
Schedule of geographic information by segment net sales
Geographic information of net sales is as follows:
 
Fiscal Year Ended March 31,
 
2019
 
2018
 
2017
 
(In thousands)
Net sales:
 
 
 
 
 
 
 
 
 
 
 
Asia
$
11,469,617

 
44
%
 
$
11,210,793

 
44
%
 
$
10,962,075

 
46
%
Americas
9,893,072

 
38
%
 
9,880,626

 
39
%
 
8,582,849

 
36
%
Europe
4,847,822

 
18
%
 
4,349,712

 
17
%
 
4,318,010

 
18
%
 
$
26,210,511

 
 
 
$
25,441,131

 
 
 
$
23,862,934

 
 
The following table summarized the countries that accounted for more than 10% of net sales in fiscal year 2019, 2018, and 2017.
 
Fiscal Year Ended March 31,
Net sales:
2019
 
2018
 
2017
 
(In thousands)
China
$
6,648,549

 
25
%
 
$
7,449,591

 
29
%
 
$
7,213,614

 
30
%
Mexico
4,538,720

 
17
%
 
4,361,814

 
17
%
 
4,075,616

 
17
%
U.S.
3,106,222

 
12
%
 
2,860,242

 
11
%
 
2,560,300

 
11
%
Brazil
2,181,025

 
8
%
 
2,578,466

 
10
%
 
1,907,591

 
8
%
Malaysia
1,996,152

 
8
%
 
2,005,119

 
8
%
 
2,267,478

 
10
%
Schedule of geographic information by segment long-lived assets
The following table summarized the countries that accounted for more than 10% of property and equipment, net in fiscal year 2019 and 2018.
 
Fiscal Year Ended March 31,
Property and equipment, net:
2019
 
2018
 
(In thousands)
Mexico
$
537,396

 
23
%
 
$
586,594

 
26
%
China
523,124

 
22
%
 
491,664

 
22
%
U.S.
361,098

 
15
%
 
305,222

 
14
%
Geographic information of property and equipment, net is as follows:
 
As of March 31,
 
2019
 
2018
 
(In thousands)
Property and equipment, net:
 
 
 
 
 
 
 
Asia
$
903,288

 
39
%
 
$
747,314

 
33
%
Americas
1,003,708

 
43
%
 
1,012,188

 
45
%
Europe
429,217

 
18
%
 
480,004

 
22
%
 
$
2,336,213

 
 
 
$
2,239,506