Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographic Information

v2.4.0.6
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