Segment and Geographic Information

3 Months Ended

Jun. 30, 2012

Segment and Geographic Information

Segment and Geographic Information

Note 7. 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 seven manufacturing sites in the United States, Mexico, China and Portugal. This business group produces tantalum and aluminum polymer capacitors and produces tantalum powder used in the production of tantalum 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. This business group produces ceramic capacitors. 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. Ceramic products are sold in all regions of the world.

Film and Electrolytic

Film and Electrolytic operates in fourteen manufacturing sites in Europe, Asia and North America. This business group produces film, paper, and electrolytic capacitors. Film and Electrolytic also operates a machinery division located in Sasso Marconi, Italy that provides automation solutions for the manufacture, processing and assembly of metalized films, film/foil and electrolytic capacitors; and designs, assembles and installs automation solutions for the production of energy storage devices. In addition, the business group has a product innovation center in Sweden. Film and Electrolytic products are sold in all regions of 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 ended June 30, 2012 and 2011 (amounts in thousands):

	Quarters Ended June 30,
	2012			2011
Net sales:
Tantalum	$	109,199		$	122,443
Ceramic	51,545			59,378
Film and Electrolytic	62,888			108,035
	$	223,632		$	289,856
Operating income (loss) (1):
Tantalum	$	2,483		$	17,414
Ceramic	6,597			10,860
Film and Electrolytic	(13,125		)	12,568
	$	(4,045	)	$	40,842
Depreciation and amortization expenses:
Tantalum	$	5,812		$	6,208
Ceramic	2,065			1,803
Film and Electrolytic	3,779			3,148
	$	11,656		$	11,159
Sales by region:
North and South America (“Americas”)	$	60,485		$	72,759
Europe, Middle East, Africa (“EMEA”)	79,385			102,712
Asia and Pacific Rim (“APAC”)	83,762			114,385
	$	223,632		$	289,856

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

	Quarters Ended June 30,
	2012		2011
Total restructuring:
Tantalum	$	44	$	35
Ceramic	98		38
Film and Electrolytic	1,122		952
	$	1,264	$	1,025

The following table reflects each business group’s total assets as of June 30, 2012 and March 31, 2012 (amounts in thousands):

	June 30, 2012		March 31, 2012
Total assets:
Tantalum	$	535,099	$	511,193
Ceramic	191,742		201,971
Film and Electrolytic	229,929		262,388
	$	956,770	$	975,552