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Note 11 - Segment and Geographic Information
9 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
11.
Segment and Geographic Information:
 
Our operating segments are based on the types of products from which we generate revenues. We are organized into a product line organization with
four
 product groups and
two
reportable segments. Our
four
product groups are: Ceramic Components; Tantalum Components; Advanced Components; and Interconnect, Sensing and Control Devices (formerly AVX Interconnect). Historically, KED Resale reported as its own product group, but it has now been combined with Advanced Components. The reportable segments are: Electronic Components and Interconnect, Sensing and Control Devices. The product groups of Ceramic, Advanced, and Tantalum Components have been aggregated into the Electronic Components reportable segment in accordance with the SEC’s aggregation criteria and quantitative thresholds. The aggregation criteria consist of similar economic characteristics, products and services, production processes, customer classes, and distribution channels. The Electronic Components segment consists primarily of surface mount and leaded ceramic capacitors, RF thick and thin film components, surface mount and leaded tantalum capacitors, polymer tantalum capacitors, surface mount and leaded film capacitors, ceramic and film power capacitors, super capacitors, EMI filters (bolt in and surface mount), thick and thin film packages of multiple passive integrated components, varistors, thermistors, inductors, resistive products, and passive and active electronic antennas and antenna systems manufactured by us or purchased from other manufacturers for resale. The Interconnect, Sensing and Control Devices segment consists primarily of automotive sensing and control devices, automotive connectors, plastic/mechatronic parts and industrial connectors. Sales and operating results from these reportable segments are shown in the tables below. In addition, we have a corporate administration group consisting of finance, legal, environmental, health & safety, and administrative activities.
 
We evaluate performance of our segments based upon sales and operating profit. There are
no
intersegment revenues. We allocate the costs of shared resources between segments based on each segment’s usage of the shared resources. Cash, accounts receivable, investments in securities, and certain other assets, which are centrally managed, are
not
readily allocable to operating segments.
 
The tables below present information about reported segments:
 
   
Three Months Ended
   
Nine Months Ended
 
   
December 31,
   
December 31,
 
Sales Revenue:
 
2017
   
2018
   
2017
   
2018
 
Ceramic Components
  $
60,136
    $
120,561
    $
168,512
    $
302,075
 
Tantalum Components
   
90,517
     
95,167
     
273,457
     
301,901
 
Advanced Components
   
155,914
     
110,344
     
486,384
     
373,537
 
Total Electronic Components
   
306,567
     
326,072
     
928,353
     
977,513
 
Interconnect, Sensing and Control Devices
   
125,228
     
116,323
     
187,489
     
375,326
 
Total Revenue
  $
431,795
    $
442,395
    $
1,115,842
    $
1,352,839
 
 
   
Three Months Ended
   
Nine Months Ended
 
   
December 31,
   
December 31,
 
   
2017
   
2018
   
2017
   
2018
 
Operating profit (loss):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Electronic Components
  $
54,880
    $
115,787
    $
165,675
    $
306,332
 
Interconnect, Sensing and Control Devices
   
6,637
     
1,883
     
13,281
     
1,416
 
Corporate activities
   
(16,186
)    
(28,114
)    
(46,408
)    
(64,537
)
Total
  $
45,331
    $
89,556
    $
132,548
    $
243,211
 
 
   
As of
   
As of
 
   
March 31, 2018
   
December 31, 2018
 
Assets:
 
 
 
 
 
 
 
 
Electronic Components
  $
632,014
    $
723,804
 
Interconnect, Sensing and Control Devices
   
241,959
     
250,798
 
Cash, A/R, and investments in securities
   
1,111,716
     
1,103,886
 
Goodwill - Electronic Components
   
278,247
     
281,806
 
Goodwill - Interconnect, Sensing and Control Devices
   
38,051
     
35,870
 
Corporate activities
   
370,779
     
373,366
 
Total
  $
2,672,766
    $
2,769,530
 
 
The following geographic data is based upon net sales generated by operations located within particular geographic areas. Substantially all of the sales in the Americas region were generated in the United States.
 
   
Three Months Ended
   
Nine Months Ended
 
   
December 31,
   
December 31,
 
   
2017
   
2018
   
2017
   
2018
 
Net sales:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Americas
  $
96,508
    $
121,086
    $
299,287
    $
361,657
 
Europe
   
183,523
     
176,058
     
379,088
     
558,466
 
Asia
   
151,764
     
145,251
     
437,467
     
432,716
 
Total
  $
431,795
    $
442,395
    $
1,115,842
    $
1,352,839