Segment and Geographic Information

9 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

The Company is organized into two business groups: Solid Capacitors and Film and Electrolytic.  The business groups are responsible for their respective manufacturing sites as well as their respective research and development efforts. The Company does not allocate indirect Selling, general and administrative (“SG&A”) or shared Research and development (“R&D”) expenses to the business groups. 

Solid Capacitors

Operating in nine manufacturing sites in the United States, Mexico and China, Solid Capacitors primarily produces tantalum, aluminum, polymer and ceramic capacitors which are sold globally.  Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors and has a product innovation center in the United States.

Film and Electrolytic

Operating in ten manufacturing sites throughout Europe, Asia, and the United States, Film and Electrolytic primarily produces film, paper, and electrolytic capacitors which are sold globally. Film and Electrolytic also manufactures etched foils utilized as a core component in the manufacture of electrolytic capacitors. In addition, this business group has product innovation centers in the United Kingdom, Italy, Germany and Sweden.

The following table reflects each business group’s net sales, operating income (loss), depreciation and amortization expenses and sales by region for the quarters and nine month periods endedDecember 31, 2015 and 2014 (amounts in thousands):

	Quarters Ended December 31,						Nine Month Periods Ended December 31,
	2015			2014			2015			2014
Net sales:
Solid Capacitors	$	135,300		$	152,785		$	416,261		475,594
Film and Electrolytic	41,884			48,525			134,636			153,890
	$	177,184		$	201,310		$	550,897		$	629,484
Operating income (loss) (1):
Solid Capacitors	$	31,359		$	38,103		$	95,371		$	106,223
Film and Electrolytic	(1,770		)	(5,137		)	1,159			(12,130		)
Corporate	(21,096		)	(23,664		)	(72,807		)	(72,627		)
	$	8,493		$	9,302		$	23,723		$	21,466
Depreciation and amortization expense:
Solid Capacitors	$	5,293		$	5,014		$	16,227		$	15,955
Film and Electrolytic	3,031			3,321			8,901			10,339
Corporate	1,350			1,385			3,728			4,400
	$	9,674		$	9,720		$	28,856		$	30,694

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(1)Restructuring charges included in Operating income (loss) are as follows (amounts in thousands):

	Quarters Ended December 31,					Nine Month Periods Ended December 31,
	2015			2014		2015		2014
Restructuring charges:
Solid Capacitors	$	754		$	496	$	1,556	$	1,895
Film and Electrolytic	987			4,496		1,524		6,485
Corporate	(27		)	1,071		481		1,200
	$	1,714		$	6,063	$	3,561	$	9,580

___________________

	Quarters Ended December 31,				Nine Month Periods Ended December 31,
	2015		2014		2015		2014
Sales by region:
North and South America (“Americas”)	$	56,411	$	63,703	$	170,525	$	201,852
Europe, Middle East, Africa (“EMEA”)	52,453		67,356		173,468		214,491
Asia and Pacific Rim (“APAC”)	68,320		70,251		206,904		213,141
	$	177,184	$	201,310	$	550,897	$	629,484

The following table reflects each business group’s total assets as of December 31, 2015 and March 31, 2015 (amounts in thousands):

	December 31, 2015		March 31, 2015
Total assets:
Solid Capacitors	$	425,031	$	469,823
Film and Electrolytic	226,606		218,858
Corporate	55,338		64,111
	$	706,975	$	752,792