XML 79 R46.htm IDEA: XBRL DOCUMENT v3.20.1
SEGMENT REPORTING (Tables)
12 Months Ended
Mar. 31, 2020
Segment Reporting, Measurement Disclosures [Abstract]  
Schedule of segment reporting information by operating segment During fiscal year 2020, 2019 and 2018, 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,
 
2020
 
2019
 
2018
 
(In thousands)
Depreciation expense:
 
 
 
 
 
High Reliability Solutions
$
103,266

 
$
96,854

 
$
97,114

Industrial & Emerging Industries
85,273

 
92,606

 
75,366

Communication & Enterprise Compute
89,286

 
103,162

 
118,150

Consumer Technologies Group
112,813

 
104,298

 
110,276

Corporate and Other
31,769

 
36,493

 
33,526

Total depreciation expense
$
422,407

 
$
433,413

 
$
434,432


 
Fiscal Year Ended March 31,
 
2020
 
2019
 
2018
 
(In thousands)
Net sales:
 
 
 
 
 
High Reliability Solutions
$
4,742,424

 
$
4,828,950

 
$
4,769,464

Industrial & Emerging Industries
7,277,350

 
6,182,637

 
5,972,496

Communications & Enterprise Compute
6,985,669

 
8,336,330

 
7,729,350

Consumer Technologies Group
5,204,427

 
6,862,594

 
6,969,821

 
$
24,209,870

 
$
26,210,511

 
$
25,441,131

Segment income and reconciliation of income before tax:
 
 
 
 
 
High Reliability Solutions
$
316,007

 
$
371,003

 
$
380,878

Industrial & Emerging Industries
465,707

 
269,172

 
235,422

Communications & Enterprise Compute
142,347

 
214,723

 
186,335

Consumer Technologies Group
87,518

 
121,336

 
111,629

Corporate and Other
(113,548
)
 
(104,471
)
 
(127,810
)
Total income
898,031

 
871,763

 
786,454

Reconciling items:
 
 
 
 
 
Intangible amortization
64,106

 
74,396

 
78,640

Stock-based compensation
71,546

 
76,032

 
85,244

Customer related asset impairments (1)
105,940

 
87,093

 
6,251

Restructuring charges (Note 15)
216,407

 
113,313

 
90,691

New revenue standard adoption impact (Note 4)

 
9,291

 

Legal and other (2)
26,270

 
35,644

 
51,631

Interest and other, net
163,727

 
183,454

 
122,823

Other charges (income), net (Note 16)
91,550

 
110,414

 
(169,719
)
Income before income taxes
$
158,485

 
$
182,126

 
$
520,893



(1)
Customer related asset impairments for fiscal year 2020, primarily relate to non-cash impairments of certain property and equipment for customers we have disengaged or are in the process of disengaging, additional provision for doubtful accounts receivable, charges for other asset impairments, and reserves for excess and obsolete inventory for certain customers experiencing financial difficulties and/or related to inventory that will not be recovered due to significant reductions in future customer demand.

Customer related asset impairments for fiscal year 2019, primarily 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.

(2)
Legal and other during fiscal year 2020, primarily consists of direct and incremental costs associated with certain wind-down activities related to the disengagement of a certain customer primarily in China and India, offset by certain gains resulting from the recognition of prior year expenses paid to the government now considered probable of recovery and reasonably estimable due to a favorable tax ruling.

Legal 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, Legal and other also includes certain charges related to 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
The following table summarizes the countries that accounted for more than 10% of net sales in fiscal year 2020, 2019, and 2018:
 
Fiscal Year Ended March 31,

2020
 
2019
 
2018
 
(In thousands)
Net sales:
 
 
 
 
 
 
 
 
 
 
 
China
$
5,664,742

 
23
%
 
$
6,648,549

 
25
%
 
$
7,449,591

 
29
%
Mexico
4,449,266

 
18
%
 
4,538,720

 
17
%
 
4,361,814

 
17
%
U.S.
3,719,095

 
15
%
 
3,106,222

 
12
%
 
2,860,242

 
11
%
Brazil
1,831,214

 
8
%
 
2,181,025

 
8
%
 
2,578,466

 
10
%

Geographic information of net sales is as follows:
 
Fiscal Year Ended March 31,
 
2020
 
2019
 
2018
 
(In thousands)
Net sales:
 
 
 
 
 
 
 
 
 
 
 
Asia
$
9,362,089

 
39
%
 
$
11,469,617

 
44
%
 
$
11,210,793

 
44
%
Americas
10,065,568

 
42
%
 
9,893,072

 
38
%
 
9,880,626

 
39
%
Europe
4,782,213

 
19
%
 
4,847,822

 
18
%
 
4,349,712

 
17
%
 
$
24,209,870

 
 
 
$
26,210,511

 
 
 
$
25,441,131

 
 

Schedule of geographic information by segment long-lived assets
The following table summarizes the countries that accounted for more than 10% of property and equipment, net in fiscal year 2020 and 2019:
 
Fiscal Year Ended March 31,

2020
 
2019
 
(In thousands)
Property and equipment, net:
 
 
 
 
 
 
 
Mexico
$
555,077

 
25
%
 
$
537,396

 
23
%
China
396,179

 
18
%
 
523,124

 
22
%
U.S.
377,800

 
17
%
 
361,098

 
15
%


Geographic information of property and equipment, net is as follows:
 
As of March 31,
 
2020
 
2019
 
(In thousands)
Property and equipment, net:
 
 
 
 
 
 
 
Americas
$
1,037,018

 
47
%
 
$
1,003,708

 
43
%
Asia
737,551

 
33
%
 
903,288

 
39
%
Europe
441,422

 
20
%
 
429,217

 
18
%
 
$
2,215,991

 
 
 
$
2,336,213