Segment and Geographic Information

6 Months Ended

Sep. 30, 2011

Segment and Geographic Information

Segment and Geographic Information

Note 6. Segment and Geographic Information

The Company is organized into three business groups: Tantalum, the Ceramic Business Group (“Ceramic”), and Film and Electrolytic. Each business group is responsible for the operations of certain manufacturing sites as well as all related research and development efforts. The sales and marketing functions are shared by the business groups and are allocated to each business group based on the business group’s respective budgeted net sales. In addition, all corporate costs are allocated to the business groups based on the business group’s respective budgeted net sales.

Tantalum

Tantalum operates in five manufacturing sites in the United States, Mexico, China, and Portugal. This business group produces tantalum and aluminum polymer capacitors. Tantalum shares with Ceramic the Company’s product innovation center in the United States.  Tantalum products are sold in all regions of the world.

Ceramic

Ceramic operates in two manufacturing sites in Mexico and a manufacturing site in China. The business group shares with Tantalum the Company’s product innovation center in the United States.  In addition, Ceramic maintains a design and manufacturing plant for electrical transformers, inductors, chokes, coils and filters in the United States.  This business group produces ceramic capacitors.  Ceramic products are sold in all regions of the world.

Film and Electrolytic

Film and Electrolytic operates in sixteen manufacturing sites in Europe, Asia and North America. This business group produces film, paper, and electrolytic capacitors. In addition, the business group has a product innovation center in Sweden.  Film and Electrolytic products are sold in all regions in the world.

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 months ended September 30, 2011 and 2010 (amounts in thousands):

	Quarters Ended September 30,					Six Months Ended September 30,
	2011		2010			2011		2010
Net sales:
Tantalum	$	112,290	$	123,873		$	234,733	$	237,441
Ceramic	56,112		56,730			115,491		111,054
Film and Electrolytic	97,112		67,985			205,146		143,887
	$	265,514	$	248,588		$	555,370	$	492,382
Operating income (1):
Tantalum	$	10,601	$	27,466		$	28,013	$	44,972
Ceramic	10,553		13,324			21,409		24,354
Film and Electrolytic	3,759		(2,828		)	16,333		(2,829		)
	$	24,913	$	37,962		$	65,755	$	66,497
Depreciation and amortization expenses:
Tantalum	$	6,705	$	8,788		$	12,913	$	17,106
Ceramic	2,002		4,653			3,805		6,922
Film and Electrolytic	3,145		691			6,293		4,614
	$	11,852	$	14,132		$	23,011	$	28,642
Sales by region:
North and South America (Americas)	$	81,662	$	70,915		$	154,422	$	127,701
Europe, Middle East, Africa (EMEA)	106,897		85,651			209,609		172,023
Asia and Pacific Rim (APAC)	76,954		92,022			191,339		192,658
	$	265,513	$	248,588		$	555,370	$	492,382

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

	Quarters Ended September 30,				Six Months Ended September 30,
	2011		2010		2011		2010
Total restructuring:
Tantalum	$	864	$	322	$	899	$	779
Ceramic	49		93		88		187
Film and Electrolytic	692		1,888		1,643		3,129
	$	1,605	$	2,303	$	2,630	$	4,095

The following table reflects each business group’s total assets as of September 30, 2011 and March 31, 2011 (amounts in thousands):

	September 30, 2011		March 31, 2011
Total assets:
Tantalum	$	369,352	$	435,311
Ceramic	160,111		179,639
Film and Electrolytic	352,223		269,359
	$	881,686	$	884,309