SEGMENT REPORTING

12 Months Ended

Mar. 31, 2016

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.

During the fourth quarter of fiscal year 2015, the Company concluded it has four reportable operating segments: HRS, CTG, IEI, and CEC. The Company assessed that there was no change to its operating segments in fiscal year 2016. 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, certain bad debt charges, other charges (income), net and interest and other, net.

Selected financial information by segment is as follows:

	Fiscal Year Ended March 31,
	2016			2015			2014
	(In thousands)
Net sales:
Communications & Enterprise Compute	$	8,841,642		$	9,191,211		$	9,688,023
Consumer Technologies Group	6,997,526			8,940,043			9,357,635
Industrial & Emerging Industries	4,680,718			4,459,351			3,787,838
High Reliability Solutions	3,898,999			3,557,311			3,275,111
	$	24,418,885		$	26,147,916		$	26,108,607
Segment income and reconciliation of income before tax:
Communications & Enterprise Compute	$	265,076		$	257,323		$	259,329
Consumer Technologies Group	163,677			218,251			125,171
Industrial & Emerging Industries	157,588			131,956			127,085
High Reliability Solutions	294,635			227,595			221,402
Corporate and Other	(89,219		)	(83,988		)	(68,475		)
Total income	791,757			751,137			664,512
Reconciling items:
Intangible amortization	65,965			32,035			28,892
Stock-based compensation	77,580			50,270			40,439
Restructuring charges (2)	—			—			75,311
Bad debt charge (1)	61,006			—			—
Other charges (income), net	47,738			(53,233		)	57,512
Interest and other, net	84,793			51,410			61,904
Income before income taxes	$	454,675		$	670,655		$	400,454

(1) During fiscal year 2016, the Company incurred a charge of $61.0 million related to SunEdison which had declared bankruptcy. This charge is included in selling, general and administrative expenses in the consolidated statement of operations but is excluded from the measurement of the Company's operating segment's performance. Refer to note 2 for additional information regarding this charge.

(2) During the fiscal year ended March 31, 2014, the Company recognized restructuring charges of approximately $75.3 million. The costs associated with these restructuring activities include employee severance, other personnel costs, non-cash impairment charges on equipment no longer in use and to be disposed of, and other exit related costs due to facility closures or rationalizations. Refer to note 14 for additional information regarding this charge.

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.

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 2016, 2015 and 2014, depreciation expense included in the segment's measure of operating performance above is as follows:

	Fiscal Year Ended March 31,
	2016		2015		2014
	(In thousands)
Depreciation expense
Communications & Enterprise Compute	$	117,710	$	130,311	$	131,807
Consumer Technologies Group	123,139		203,808		160,684
Industrial & Emerging Industries	72,415		64,541		55,692
High Reliability Solutions	80,935		62,831		50,296
Corporate and Other	31,530		35,334		26,359
Total depreciation expense	$	425,729	$	496,825	$	424,838

Geographic information is as follows:

	Fiscal Year Ended March 31,
	2016				2015				2014
	(In thousands)
Net sales:
Asia	$	11,788,992	48	%	$	12,953,004	50	%	$	13,714,187	53	%
Americas	8,347,514		34	%	8,897,868		34	%	8,189,414		31	%
Europe	4,282,379		18	%	4,297,044		16	%	4,205,006		16	%
	$	24,418,885			$	26,147,916			$	26,108,607

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

During fiscal years 2016, 2015 and 2014, net sales generated from Singapore, the principal country of domicile, were approximately $519.1 million, $553.4 million and $504.6 million, respectively.

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.

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.

	As of March 31,
	2016				2015
	(In thousands)
Property and equipment, net:
Asia	$	1,013,317	45	%	$	997,806	48	%
Americas	886,305		39	%	782,839		37	%
Europe	358,011		16	%	311,522		15	%
	$	2,257,633			$	2,092,167

As of March 31, 2016 and 2015, property and equipment, net held in Singapore were approximately $13.4 million and $19.3 million, respectively.

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.

As of March 31, 2015, China, Mexico and the United States accounted for approximately 37%, 17% and 15%, respectively, of consolidated property and equipment, net. No other country accounted for more than 10% of property and equipment, net as of March 31, 2015.