Segment and Geographic Information

9 Months Ended

Dec. 31, 2016

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. The Company does not allocate indirect Selling, general and administrative (“SG&A”) or shared Research and development (“R&D”) expenses to the business groups. 

Solid Capacitors

Operating in nine manufacturing sites in the United States, Mexico and China, 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 nine manufacturing sites throughout Europe and Asia, Film and Electrolytic primarily produces film, paper, and electrolytic capacitors which are sold globally. In addition, this business group has product innovation centers in Portugal, 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 and nine-month periods endedDecember 31, 2016 and 2015 (amounts in thousands):

	Quarters Ended December 31,						Nine-Month Periods Ended December 31,
	2016			2015			2016			2015
Net sales:
Solid Capacitors	$	141,555		$	135,300		$	426,140		$	416,261
Film and Electrolytic	46,474			41,884			134,132			134,636
	$	188,029		$	177,184		$	560,272		$	550,897
Operating income (loss) (1) (2):
Solid Capacitors	$	37,264		$	31,359		$	107,753		$	95,371
Film and Electrolytic	2,332			(1,770		)	(6,231		)	1,159
Corporate	(25,746		)	(21,096		)	(75,724		)	(72,807		)
	$	13,850		$	8,493		$	25,798		$	23,723
Depreciation and amortization expense:
Solid Capacitors	$	5,078		$	5,293		$	15,643		$	16,227
Film and Electrolytic	2,560			3,031			8,111			8,901
Corporate	1,457			1,350			4,217			3,728
	$	9,095		$	9,674		$	27,971		$	28,856

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

	Quarters Ended December 31,						Nine-Month Periods Ended December 31,
	2016			2015			2016		2015
Restructuring charges:
Solid Capacitors	$	(128	)	$	754		$	566	$	1,556
Film and Electrolytic	(243		)	987			3,421		1,524
Corporate	2			(27		)	330		481
	$	(369	)	$	1,714		$	4,317	$	3,561

(2)Write down of long-lived assets included in Operating income (loss) are as follows (amounts in thousands):

	Quarters Ended December 31,				Nine-Month Periods Ended December 31,
	2016		2015		2016		2015
Write down of Long-lived Assets
Solid Capacitors	$	—	$	—	$	2,076	$	—
Film and Electrolytic	—		—		4,117		—
	$	—	$	—	$	6,193	$	—

___________________

	Quarters Ended December 31,				Nine-Month Periods Ended December 31,
	2016		2015		2016		2015
Sales by region:
North and South America (“Americas”)	$	54,976	$	56,411	$	166,858	$	170,525
Europe, Middle East, Africa (“EMEA”)	55,765		52,453		176,298		173,468
Asia and Pacific Rim (“APAC”)	77,288		68,320		217,116		206,904
	$	188,029	$	177,184	$	560,272	$	550,897