Segment and Geographic Information

6 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

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 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 MnO2) 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 maintains 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 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 six months ended September 30, 2019 and 2018 (amounts in thousands):

	Three Months Ended September 30, 2019
	Solid Capacitors		Film and Electrolytic		MSA		Total
Primary geographical markets
Asia and the Pacific Rim ("APAC")	$	107,538	$	11,283	$	13,907	$	132,728
Europe, the Middle East, and Africa ("EMEA")	45,786		23,091		786		69,663
North and South America ("Americas")	69,766		7,155		2,783		79,704
Japan and Korea ("JPKO")	10,543		275		34,484		45,302
	$	233,633	$	41,804	$	51,960	$	327,397
Sales channel
OEM	$	79,936	$	16,396	$	48,727	$	145,059
Distributor	109,277		18,960		2,559		130,796
EMS	44,420		6,448		674		51,542
	$	233,633	$	41,804	$	51,960	$	327,397
Major product lines
Tantalum	$	125,106	$	—	$	—	$	125,106
Ceramics	108,527		—		—		108,527
Film and Electrolytic	—		41,804		—		41,804
MSA	—		—		51,960		51,960
	$	233,633	$	41,804	$	51,960	$	327,397

	Three Months Ended September 30, 2018
	Solid Capacitors		Film and Electrolytic		MSA		Total
Primary geographical markets
APAC	$	106,535	$	12,709	$	19,144	$	138,388
EMEA	46,073		30,831		828		77,732
Americas	73,345		6,844		2,100		82,289
JPKO	9,520		244		41,060		50,824
	$	235,473	$	50,628	$	63,132	$	349,233
Sales channel
OEM	$	74,550	$	20,095	$	59,387	$	154,032
Distributor	116,947		24,762		2,707		144,416
EMS	43,976		5,771		1,038		50,785
	$	235,473	$	50,628	$	63,132	$	349,233
Major product lines
Tantalum	$	148,054	$	—	$	—	$	148,054
Ceramics	87,419		—		—		87,419
Film and Electrolytic	—		50,628		—		50,628
MSA	—		—		63,132		63,132
	$	235,473	$	50,628	$	63,132	$	349,233

	Six Months Ended September 30, 2019
	Solid Capacitors		Film and Electrolytic		MSA		Total
Primary geographical markets
APAC	$	210,837	$	22,227	$	27,428	$	260,492
EMEA	98,869		50,883		1,617		151,369
Americas	152,595		14,950		5,509		173,054
JPKO	19,539		453		67,732		87,724
	$	481,840	$	88,513	$	102,286	$	672,639
Sales channel
OEM	$	157,640	$	34,923	$	95,699	$	288,262
Distributor	232,505		41,287		5,123		278,915
EMS	91,695		12,303		1,464		105,462
	$	481,840	$	88,513	$	102,286	$	672,639
Major product lines
Tantalum	$	257,492	$	—	$	—	$	257,492
Ceramics	224,348		—		—		224,348
Film and Electrolytic	—		88,513		—		88,513
MSA	—		—		102,286		102,286
	$	481,840	$	88,513	$	102,286	$	672,639

	Six Months Ended September 30, 2018
	Solid Capacitors		Film and Electrolytic		MSA		Total
Primary geographical markets
APAC	$	206,907	$	28,297	$	36,143	$	271,347
EMEA	87,538		63,439		1,403		152,380
Americas	136,449		13,493		4,498		154,440
JPKO	18,400		354		79,928		98,682
	$	449,294	$	105,583	$	121,972	$	676,849
Sales channel
OEM	$	144,938	$	42,536	$	115,487	$	302,961
Distributor	224,580		51,330		5,192		281,102
EMS	79,776		11,717		1,293		92,786
	$	449,294	$	105,583	$	121,972	$	676,849
Major product lines
Tantalum	$	282,367	$	—	$	—	$	282,367
Ceramics	166,927		—		—		166,927
Film and Electrolytic	—		105,583		—		105,583
MSA	—		—		121,972		121,972
	$	449,294	$	105,583	$	121,972	$	676,849

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

	Three Months Ended September 30,						Six Months Ended September 30,
	2019			2018			2019			2018
Operating income (loss):
Solid Capacitors	$	93,376		$	84,686		$	196,062		$	154,351
Film and Electrolytic	(1,072		)	4,236			(3,951		)	5,303
MSA	4,435			7,132			8,093			13,187
Corporate	(47,649		)	(46,054		)	(92,714		)	(87,665		)
	$	49,090		$	50,000		$	107,490		$	85,176
Depreciation and amortization expense:
Solid Capacitors	$	7,967		$	7,353		$	15,759		$	14,535
Film and Electrolytic	2,246			2,198			4,537			4,818
MSA	1,948			1,153			3,458			2,657
Corporate	2,956			1,841			5,622			3,632
	$	15,117		$	12,545		$	29,376		$	25,642
Restructuring charges:
Solid Capacitors	$	1,493		$	—		$	1,614		$	(18	)
Film and Electrolytic	867			—			2,915			1
MSA	170			—			170			—
Corporate	390			—			429			(79		)
	$	2,920		$	—		$	5,128		$	(96	)