Segment and Geographic Information

6 Months Ended

Sep. 30, 2016

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 six-month periods endedSeptember 30, 2016 and 2015 (amounts in thousands):

	Quarters Ended September 30,						Six-Month Periods Ended September 30,
	2016			2015			2016			2015
Net sales:
Solid Capacitors	$	142,641		$	141,284		$	284,585		$	280,961
Film and Electrolytic	44,667			44,839			87,658			92,752
	$	187,308		$	186,123		$	372,243		$	373,713
Operating income (loss) (1) (2):
Solid Capacitors	$	35,410		$	33,979		$	70,489		$	64,012
Film and Electrolytic	(7,096		)	2,217			(8,563		)	2,929
Corporate	(25,264		)	(22,209		)	(49,978		)	(51,711		)
	$	3,050		$	13,987		$	11,948		$	15,230
Depreciation and amortization expense:
Solid Capacitors	$	5,147		$	5,178		$	10,565		$	10,934
Film and Electrolytic	2,836			2,928			5,551			5,870
Corporate	1,457			1,159			2,760			2,378
	$	9,440		$	9,265		$	18,876		$	19,182

__________________

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

	Quarters Ended September 30,					Six-Month Periods Ended September 30,
	2016		2015			2016		2015
Restructuring charges:
Solid Capacitors	$	558	$	570		$	694	$	802
Film and Electrolytic	3,115		(749		)	3,664		537
Corporate	325		202			328		508
	$	3,998	$	23		$	4,686	$	1,847

(2)Write down of long-lived assets included in Operating income (loss) are as follows (amounts in thousands):

	Quarters Ended September 30,				Six-Month Periods Ended September 30,
	2016		2015		2016		2015
Write down of Long-lived Assets
Solid Capacitors	$	2,076	$	—	$	2,076	$	—
Film and Electrolytic	4,117		—		4,117		—
Corporate	—		—		—		—
	$	6,193	$	—	$	6,193	$	—

___________________

	Quarters Ended September 30,				Six-Month Periods Ended September 30,
	2016		2015		2016		2015
Sales by region:
North and South America (“Americas”)	$	56,781	$	58,080	$	111,882	$	114,114
Europe, Middle East, Africa (“EMEA”)	60,047		59,458		120,533		121,015
Asia and Pacific Rim (“APAC”)	70,480		68,585		139,828		138,584
	$	187,308	$	186,123	$	372,243	$	373,713