Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Information

v2.3.0.15
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