Segment and Geographic Information

3 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

The Company is organized into three segments: Solid Capacitors, Film and Electrolytic and Electro-magnetic, Sensors & Actuators (“MSA”).  In prior periods we reported two reportable segments, Solid Capacitors, Film and Electrolytic. However, effective for the quarter ended June 30, 2017 and in connection with the TOKIN acquisition, TOKIN’s tantalum capacitor business will be included within KEMET’s Solid Capacitors reportable segment and the remainder of TOKIN’s business will form a new reportable segment for KEMET, MSA.

The segments 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 segments. 

Solid Capacitors

Operating in ten manufacturing sites in the United States, Mexico and Asia, and innovation centers in the United States and Japan. 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.

Film and Electrolytic

Operating in nine manufacturing sites throughout Europe and Asia, Film and Electrolytic primarily produces film, paper, and electrolytic capacitors which are sold globally. In addition, this segment has product innovation centers in Portugal, Italy and Sweden.

MSA

Operating in four manufacturing sites throughout Asia, MSA primarily produces electro magnet compatibilities related materials and components, Piezo materials and actuators and various type of sensors which are sold globally. In addition, this segment has product innovation centers in Sendai, Japan.

The following table reflects each segment’s net sales, operating income (loss), depreciation and amortization expenses and sales by region for the quarters endedJune 30, 2017 and 2016 (amounts in thousands):

	Quarters Ended June 30,
	2017			2016
Net sales:
Solid Capacitors	$	182,119		$	141,944
Film and Electrolytic	48,010			42,991
MSA	43,871			—
	$	274,000		$	184,935
Operating income (loss) (1):
Solid Capacitors	$	54,892		$	35,267
Film and Electrolytic	2,440			(1,413		)
MSA	8,055			—
Corporate	(37,603		)	(24,556		)
	$	27,784		$	9,298
Depreciation and amortization expense:
Solid Capacitors	$	7,051		$	5,418
Film and Electrolytic	2,556			2,715
MSA	714			—
Corporate	1,922			1,303
	$	12,243		$	9,436

__________________

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

	Quarters Ended June 30,
	2017		2016
Restructuring charges:
Solid Capacitors	$	304	$	136
Film and Electrolytic	161		549
MSA	—		—
Corporate	1,148		3
	$	1,613	$	688

	Quarters Ended June 30,
	2017		2016
Sales by region:
North and South America (“Americas”)	$	64,663	$	55,101
Europe, Middle East, Africa (“EMEA”)	66,548		60,486
Japan and Korea (“JPKO”)	35,500		—
Asia and Pacific Rim (“APAC”)	107,289		69,348
	$	274,000	$	184,935