Segment and Geographic Information

3 Months Ended

Jun. 30, 2019

The Company is organized into three reportable segments: Solid Capacitors, Film and Electrolytic, and Electro-magnetic, Sensors & Actuators (“MSA”) based primarily on product lines.

The reportable segments are responsible for their respective manufacturing sites as well as their research and development (“R&D”) 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 (polymer, aluminum, and Mn02) 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 eight 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 reportable segment designs and produces electromagnetic interference filters.

MSA

MSA operates in four sites throughout Asia and operates a product innovation center in Japan. MSA primarily produces Electro-magnetic 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 months ended June 30, 2019 and 2018 (amounts in thousands):



	Three Months Ended June 30, 2019
	Solid Capacitors		Film and Electrolytic		MSA		Total

Primary geographical markets
Asia and the Pacific Rim ("APAC")	$	103,299	$	10,943	$	13,522	$	127,764
Europe, the Middle East, and Africa ("EMEA")	53,084		27,793		829		81,706
North and South America ("Americas")	82,829		7,794		2,727		93,350
Japan and Korea ("JPKO")	8,995		179		33,248		42,422
	$	248,207	$	46,709	$	50,326	$	345,242

Sales channel
OEM	$	77,704	$	18,527	$	46,972	$	143,203
Distributor	123,229		22,326		2,564		148,119
EMS	47,274		5,856		790		53,920
	$	248,207	$	46,709	$	50,326	$	345,242

Major product lines
Tantalum	$	132,386	$	—	$	—	$	132,386
Ceramics	115,821		—		—		115,821
Film and Electrolytic	—		46,709		—		46,709
MSA	—		—		50,326		50,326
	$	248,207	$	46,709	$	50,326	$	345,242



	Three Months Ended June 30, 2018
	Solid Capacitors		Film and Electrolytic		MSA		Total

Primary geographical markets
APAC	$	100,370	$	15,589	$	17,000	$	132,959
EMEA	41,466		32,607		575		74,648
Americas	63,105		6,649		2,397		72,151
JPKO	8,880		110		38,868		47,858
	$	213,821	$	54,955	$	58,840	$	327,616

Sales channel
OEM	$	70,388	$	22,441	$	56,100	$	148,929
Distributor	107,634		26,568		2,484		136,686
EMS	35,799		5,946		256		42,001
	$	213,821	$	54,955	$	58,840	$	327,616

Major product lines
Tantalum	$	134,313	$	—	$	—	$	134,313
Ceramics	79,508		—		—		79,508
Film and Electrolytic	—		54,955		—		54,955
MSA	—		—		58,840		58,840
	$	213,821	$	54,955	$	58,840	$	327,616

The following table reflects each segment’s operating income (loss), depreciation and amortization expenses, and restructuring charges for the three months ended June 30, 2019 and 2018 (amounts in thousands):



	Three Months Ended June 30,
	2019			2018
Operating income (loss):
Solid Capacitors	$	102,686		$	69,665
Film and Electrolytic	(2,879		)	1,067
MSA	3,658			6,055
Corporate	(45,065		)	(41,611		)
	$	58,400		$	35,176
Depreciation and amortization expense:
Solid Capacitors	$	7,792		$	7,182
Film and Electrolytic	2,291			2,620
MSA	1,510			1,504
Corporate	2,666			1,791
	$	14,259		$	13,097
Restructuring charges:
Solid Capacitors	121			(18		)
Film and Electrolytic	2,048			1
MSA	—			—
Corporate	39			(79		)
	$	2,208		$	(96	)