Segment and Geographic Information

The Company is organized into three segments: Solid Capacitors, the Film and Electrolytic segment (“Film and Electrolytic”) and MSA.

The segments are responsible for their respective manufacturing sites as well as their research and development efforts. The Company does not allocate corporate indirect selling, general and administrative (“SG&A”) or shared R&D expenses to the segments.

Solid Capacitors

Solid Capacitors operates in ten manufacturing sites in the United States, Mexico, and Asia, and operates 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

Film and Electrolytic operates in ten manufacturing sites throughout Europe and Asia, and maintain product innovation centers in Italy, Portugal, and Sweden. Film and Electrolytic primarily produces film, paper, and wet aluminum electrolytic capacitors, which are sold globally. In addition, the Film and Electrolytic segment designs and produces electromagnetic interference filters.

MSA

MSA operates in four manufacturing sites throughout Asia and operates a product innovation center in Japan. MSA primarily produces electro-magnetically compatible ("EMC") materials and devices, piezo materials and actuators, and various types of sensors, which are sold globally.

In the following tables, revenue is disaggregated by primary geographical market, sales channel, and major product lines. The tables also include reconciliations of the disaggregated revenue with the reportable segments for the three and nine months ended December 31, 2018 and 2017 (amounts in thousands):



	Three Months Ended December 31, 2018
	Solid Capacitors		Film and Electrolytic		MSA		Total

Primary geographical markets
Asia and the Pacific Rim ("APAC")	$	101,566	$	12,193	$	19,233	$	132,992
Europe, the Middle East, and Africa ("EMEA")	47,863		28,718		517		77,098
North and South America ("Americas")	79,782		9,053		2,550		91,385
Japan and Korea ("JPKO")	9,472		207		39,021		48,700
	$	238,683	$	50,171	$	61,321	$	350,175

Sales channel
OEM	$	70,426	$	18,768	$	57,929	$	147,123
Distributor	124,467		25,277		2,022		151,766
EMS	43,790		6,126		1,370		51,286
	$	238,683	$	50,171	$	61,321	$	350,175

Major product lines
Tantalum	$	143,680	$	—	$	—	$	143,680
Ceramics	95,003		—		—		95,003
Film and Electrolytic	—		50,171		—		50,171
MSA	—		—		61,321		61,321
	$	238,683	$	50,171	$	61,321	$	350,175



	Three Months Ended December 31, 2017
	Solid Capacitors		Film and Electrolytic ⁽¹⁾		MSA		Total ⁽¹⁾

Primary geographical markets
APAC	$	93,549	$	13,997	$	16,694	$	124,240
EMEA	37,174		31,122		548		68,844
Americas	56,574		6,349		2,174		65,097
JPKO	7,752		—		40,643		48,395
	$	195,049	$	51,468	$	60,059	$	306,576

Sales channel
OEM	$	67,267	$	20,804	$	58,094	$	146,165
Distributor	92,898		24,651		1,837		119,386
EMS	34,884		6,013		128		41,025
	$	195,049	$	51,468	$	60,059	$	306,576

Major product lines
Tantalum	$	126,625	$	—	$	—	$	126,625
Ceramics	68,424		—		—		68,424
Film and Electrolytic	—		51,468		—		51,468
MSA	—		—		60,059		60,059
	$	195,049	$	51,468	$	60,059	$	306,576

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⁽¹⁾ Three months ended December 31, 2017 adjusted due to the adoption of ASC 606.



	Nine Months Ended December 31, 2018
	Solid Capacitors		Film and Electrolytic		MSA		Total

Primary geographical markets
APAC	$	308,473	$	40,490	$	55,376	$	404,339
EMEA	135,401		92,157		1,920		229,478
Americas	216,231		22,546		7,048		245,825
JPKO	27,872		561		118,949		147,382
	$	687,977	$	155,754	$	183,293	$	1,027,024

Sales channel
OEM	$	215,365	$	61,303	$	173,416	$	450,084
Distributor	349,046		76,607		7,215		432,868
EMS	123,566		17,844		2,662		144,072
	$	687,977	$	155,754	$	183,293	$	1,027,024

Major product lines
Tantalum	$	426,047	$	—	$	—	$	426,047
Ceramics	261,930		—		—		261,930
Film and Electrolytic	—		155,754		—		155,754
MSA	—		—		183,293		183,293
	$	687,977	$	155,754	$	183,293	$	1,027,024



	Nine Months Ended December 31, 2017
	Solid Capacitors		Film and Electrolytic ⁽¹⁾		MSA		Total ⁽¹⁾

Primary geographical markets
APAC	$	261,520	$	42,460	$	56,245	$	360,225
EMEA	112,139		88,289		1,494		201,922
Americas	169,317		16,200		5,912		191,429
JPKO	25,459		—		103,055		128,514
	$	568,435	$	146,949	$	166,706	$	882,090

Sales channel
OEM	$	193,182	$	63,539	$	156,254	$	412,975
Distributor	265,290		66,278		10,024		341,592
EMS	109,963		17,132		428		127,523
	$	568,435	$	146,949	$	166,706	$	882,090

Major product lines
Tantalum	$	368,479	$	—	$	—	$	368,479
Ceramics	199,956		—		—		199,956
Film and Electrolytic	—		146,949		—		146,949
MSA	—		—		166,706		166,706
	$	568,435	$	146,949	$	166,706	$	882,090

__________________

⁽¹⁾ Nine months ended December 31, 2017 adjusted due to the adoption of ASC 606.

The following table reflects each segment’s operating income (loss), depreciation and amortization expenses, and restructuring charges for the three and nine months ended December 31, 2018 and 2017 (amounts in thousands):



	Three Months Ended December 31,						Nine Months Ended December 31,
	2018			2017			2018			2017
Operating income (loss)⁽¹⁾:
Solid Capacitors	$	95,105		$	60,991		$	249,456		$	170,417
Film and Electrolytic ⁽²⁾	3,383			499			8,686			3,890
MSA	5,774			9,932			18,961			18,055
Corporate	(42,646		)	(39,420		)	(130,311		)	(101,156		)
	$	61,616		$	32,002		$	146,792		$	91,206
Depreciation and amortization expense:
Solid Capacitors	$	6,866		$	6,900		$	21,401		$	21,490
Film and Electrolytic ⁽²⁾	2,434			2,728			7,252			8,281
MSA	1,144			(478		)	3,801			1,026
Corporate	2,319			2,203			5,951			6,569
	$	12,763		$	11,353		$	38,405		$	37,366

__________________

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

⁽²⁾ Three and nine months ended December 31, 2017 adjusted due to the adoption of ASC 606.



	Three Months Ended December 31,				Nine Months Ended December 31,
	2018		2017		2018			2017
Restructuring charges:
Solid Capacitors	$	—	$	121	$	(18	)	$	841
Film and Electrolytic	1,025		2,309		1,026			2,574
MSA	452		—		452			—
Corporate	241		1,100		162			3,121
	$	1,718	$	3,530	$	1,622		$	6,536