Segment and Geographic Information

3 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

The Company is organized into two business groups: Solid Capacitors and Film and Electrolytic.  The business groups are responsible for their respective manufacturing sites as well as their respective research and development efforts. Consistent with management reporting, the Company does not allocate indirect Selling, general and administrative (“SG&A”) and Research and development (“R&D”) expenses to the business groups. 

Solid Capacitors

Operating in nine manufacturing sites in the United States, Mexico, China and Portugal, Solid Capacitors primarily produces tantalum, aluminum, polymer and ceramic capacitors which are sold globally.  Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors and has a product innovation center in the United States.

Film and Electrolytic

Operating in twelve manufacturing sites throughout Europe, Asia, and the United States, Film and Electrolytic primarily produces film, paper, and electrolytic capacitors which are sold globally. Film and Electrolytic also manufactures etched foils utilized as a core component in the manufacture of electrolytic capacitors. In addition, this business group has product innovation centers in the United Kingdom, Italy, Germany and Sweden.

The following table reflects each business group’s net sales, operating income (loss), depreciation and amortization expenses and sales by region for the quarters endedJune 30, 2014 and 2013 (amounts in thousands):

	Quarters Ended June 30,
	2014			2013
Net sales:
Solid Capacitors	$	159,790		$	149,401
Film and Electrolytic	53,091			52,656
	$	212,881		$	202,057
Operating income (loss) (1):
Solid Capacitors	$	29,734		$	12,792
Film and Electrolytic	(6,047		)	(6,302		)
Unallocated operating expenses	(24,293		)	(24,702		)
	$	(606	)	$	(18,212	)
Depreciation and amortization expense:
Solid Capacitors	$	5,478		$	7,310
Film and Electrolytic	3,817			4,415
Corporate	1,502			1,914
	$	10,797		$	13,639

___________________

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

	Quarters Ended June 30,
	2014		2013
Restructuring charges:
Solid Capacitors	$	1,230	$	3,045
Film and Electrolytic	489		1,410
Corporate	111		155
	$	1,830	$	4,610

___________________

	Quarters Ended June 30,
	2014		2013
Sales by region:
North and South America (“Americas”)	$	65,982	$	59,353
Europe, Middle East, Africa (“EMEA”)	77,205		72,991
Asia and Pacific Rim (“APAC”)	69,694		69,713
	$	212,881	$	202,057

The following table reflects each business group’s total assets as of June 30, 2014 and March 31, 2014 (amounts in thousands):

	June 30, 2014		March 31, 2014
Total assets:
Solid Capacitors	$	486,406	$	479,377
Film and Electrolytic	273,654		287,861
Corporate	78,583		76,429
	$	838,643	$	843,667