SEGMENT REPORTING

12 Months Ended

Mar. 31, 2015

SEGMENT REPORTING

SEGMENT REPORTING

19. 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.

        During the fourth quarter of fiscal year 2015, the Company reassessed its conclusion around what constitutes the CODM for the Company. It was concluded that the CODM group is collectively the CEO, as supported by his direct staff who oversee the operations of the Company's four business groups. Based on this reassessment, the Company concluded it has four reportable operating segments which are aligned to its four business groups: HRS, CTG, IEI, and INS. 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, other charges (income), net and interest and other, net.

        A portion of amortization and depreciation is allocated to the respective segment together with other general corporate research and development and administrative expenses. As property and equipment is not allocated to the segment, amortization and depreciation is not separately reviewed by the CODM group.

        Selected financial information by segment is as follows:

	Fiscal Year Ended March 31,
	2015			2014			2013
	(In thousands)
Net sales:
Integrated Network Solutions	$	9,191,211		$	9,688,023		$	9,935,302
Consumer Technology Group		8,940,043			9,357,635			7,036,903
Industrial & Emerging Industries		4,459,351			3,787,838			3,762,508
High Reliability Solutions		3,557,311			3,275,111			2,834,762
	$	26,147,916		$	26,108,607		$	23,569,475
Segment income and reconciliation of income before tax:
Integrated Network Solutions	$	257,323		$	259,329		$	270,270
Consumer Technology Group		218,251			125,171			41,339
Industrial & Emerging Industries		131,956			127,085			157,881
High Reliability Solutions		227,595			221,402			168,166
Corporate and Other		(83,988	)		(68,475	)		(26,280	)
Total segment income		751,137			664,512			611,376
Reconciling items:
Intangible amortization		32,035			28,892			29,529
Stock-based compensation		50,270			40,439			34,529
Restructuring charges		—			75,311			227,434
Other charges (income), net		(53,233	)		57,512			(65,190	)
Interest and other, net		51,410			61,904			56,259
Income from continuing operations before income taxes	$	670,655		$	400,454		$	328,815

        Asset information on a segment basis is not disclosed as this information is not separately identified and is not internally reported to the Company's CODM.

        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.

        Geographic information is as follows:

	Fiscal Year Ended March 31,
	2015				2014				2013
	(In thousands)
Net sales:
Asia	$	12,953,004	50	%	$	13,714,187	53	%	$	11,743,140	50	%
Americas		8,897,868	34	%		8,189,414	31	%		7,193,063	30	%
Europe		4,297,044	16	%		4,205,006	16	%		4,633,272	20	%
	$	26,147,916			$	26,108,607			$	23,569,475

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

        During fiscal years 2015, 2014 and 2013, net sales generated from Singapore, the principal country of domicile, were approximately $553.4 million, $504.6 million and $551.7 million, respectively.

        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.

        During fiscal year 2014, China, Mexico, and the United States accounted for approximately 40%, 14%, and 11% of consolidated net sales, respectively. No other country accounted for more than 10% of net sales in fiscal year 2014.

        During fiscal year 2013, China, Mexico, the United States and Malaysia accounted for approximately 35%, 15%, 11% and 10% of consolidated net sales, respectively. No other country accounted for more than 10% of net sales in fiscal year 2013.

	As of March 31,
	2015				2014
	(In thousands)
Property and equipment, net:
Asia	$	997,806	48	%	$	1,154,467	50	%
Americas		782,839	37	%		785,753	34	%
Europe		311,522	15	%		348,436	16	%
	$	2,092,167			$	2,288,656

        As of March 31, 2015 and 2014, property and equipment, net held in Singapore were approximately $19.3 million and $17.0 million, respectively.

        As of March 31, 2015, China, Mexico and the United States accounted for approximately 37%, 17% 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, 2015.

        As of March 31, 2014, China, the United States and Mexico accounted for approximately 41%, 16% and 14%, respectively, of consolidated property and equipment, net. No other country accounted for more than 10% of property and equipment, net as of March 31, 2014.