Annual report pursuant to Section 13 and 15(d)

Segment and Geographic Information (Tables)

v3.20.1
Segment and Geographic Information (Tables)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Segment Reporting [Abstract]    
Summary of the profit or loss and total assets for each reportable segment   (amounts in thousands):
 
Fiscal Year Ended March 31, 2020
 
Solid Capacitors
 
Film and Electrolytic
 
MSA
 
Total
 
 
 
 
 
 
 
 
Primary geographical markets
 

 
 
 
 

 
 
Asia and the Pacific Rim ("APAC")
$
411,359

 
$
45,696

 
$
52,106

 
$
509,161

Europe, the Middle East, and Africa ("EMEA")
173,772

 
99,820

 
2,885

 
276,477

North and South America ("Americas")
258,329

 
29,180

 
9,420

 
296,929

Japan and Korea ("JPKO")
42,603

 
1,107

 
134,277

 
177,987

 
$
886,063

 
$
175,803

 
$
198,688

 
$
1,260,554

 
 
 
 
 
 
 
 
Sales channel
 
 
 
 
 
 
 
OEM
$
296,520

 
$
70,700

 
$
185,409

 
$
552,629

Distributor
419,170

 
79,549

 
9,817

 
508,536

EMS
170,373

 
25,554

 
3,462

 
199,389

 
$
886,063

 
$
175,803

 
$
198,688

 
$
1,260,554

 
 
 
 
 
 
 
 
Major product lines
 

 
 
 
 

 
 
Tantalum
$
495,695

 
$

 
$

 
$
495,695

Ceramics
390,368

 

 

 
390,368

Film and Electrolytic

 
175,803

 

 
175,803

MSA

 

 
198,688

 
198,688

 
$
886,063

 
$
175,803

 
$
198,688

 
$
1,260,554


 
Fiscal Year Ended March 31, 2019
 
Solid Capacitors
 
Film and Electrolytic
 
MSA
 
Total
 
 
 
 
 
 
 
 
Primary geographical markets
 

 
 
 
 

 
 
Asia and the Pacific Rim
$
411,183

 
$
51,923

 
$
70,234

 
$
533,340

Europe, the Middle East, and Africa
189,992

 
122,956

 
2,587

 
315,535

North and South America
297,167

 
30,462

 
10,213

 
337,842

Japan and Korea
37,496

 
899

 
157,706

 
196,101

 
$
935,838

 
$
206,240

 
$
240,740

 
$
1,382,818

 
 
 
 
 
 
 
 
Sales channel
 
 
 
 
 
 
 
OEM
$
290,058

 
$
81,704

 
$
226,544

 
$
598,306

Distributor
475,190

 
100,113

 
9,315

 
584,618

EMS
170,590

 
24,423

 
4,881

 
199,894

 
$
935,838

 
$
206,240

 
$
240,740

 
$
1,382,818

 
 
 
 
 
 
 
 
Major product lines
 

 
 
 
 

 
 
Tantalum
$
563,255

 
$

 
$

 
$
563,255

Ceramics
372,583

 

 

 
372,583

Film and Electrolytic

 
206,240

 

 
206,240

MSA

 

 
240,740

 
240,740

 
$
935,838

 
$
206,240

 
$
240,740

 
$
1,382,818



 
Fiscal Year Ended March 31, 2018
 
Solid Capacitors
 
Film and Electrolytic
 
MSA
 
Total
 
 
 
 
 
 
 
 
Primary geographical markets
 

 
 
 
 

 
 
Asia and the Pacific Rim
$
350,791

 
$
58,922

 
$
70,274

 
$
479,987

Europe, the Middle East, and Africa
156,169

 
119,649

 
2,080

 
277,898

North and South America
227,582

 
22,634

 
8,889

 
259,105

Japan and Korea
36,698

 
772

 
145,721

 
183,191

 
$
771,240

 
$
201,977

 
$
226,964

 
$
1,200,181

 
 
 
 
 
 
 
 
Sales channel
 
 
 
 
 
 
 
OEM
$
262,097

 
$
86,049

 
$
215,349

 
$
563,495

Distributor
366,569

 
92,708

 
11,047

 
470,324

EMS
142,574

 
23,220

 
568

 
166,362

 
$
771,240

 
$
201,977

 
$
226,964

 
$
1,200,181

 
 
 
 
 
 
 
 
Major product lines
 

 
 
 
 

 
 
Tantalum
$
495,114

 
$

 
$

 
$
495,114

Ceramics
276,126

 

 

 
276,126

Film and Electrolytic

 
201,977

 

 
201,977

MSA

 

 
226,964

 
226,964

 
$
771,240

 
$
201,977

 
$
226,964

 
$
1,200,181



The following highlights net sales by geographic location (amounts in thousands):
 
 
Fiscal Years Ended March 31,(1)
 
 
2020
 
2019
 
2018
United States
 
$
246,821

 
$
292,980

 
$
233,133

Hong Kong
 
195,898

 
188,102

 
169,073

China
 
181,319

 
173,148

 
163,016

Japan
 
157,539

 
178,502

 
170,282

Germany
 
99,166

 
124,805

 
105,548

Europe (2)
 
84,504

 
76,149

 
64,248

Taiwan
 
58,364

 
88,853

 
78,728

Mexico
 
49,346

 
44,267

 
23,915

Asia Pacific (2)
 
46,455

 
47,233

 
36,647

Netherlands
 
39,329

 
44,065

 
39,684

United Kingdom
 
29,070

 
42,472

 
37,038

Malaysia
 
23,750

 
33,748

 
28,165

Singapore
 
23,047

 
19,417

 
17,267

Hungary
 
12,050

 
12,245

 
13,254

Italy
 
12,031

 
15,551

 
17,905

Other Countries (2)
 
1,865

 
1,281

 
2,278

Total Non-United States
 
1,013,733

 
1,089,838

 
967,048

 
 
$
1,260,554

 
$
1,382,818

 
$
1,200,181

______________________________________________________________________________
(1) Revenues are attributed to countries or regions based on the location of the customer. Net Sales to one customer, TTI, Inc., exceeded 10% of total net sales as follows: $154.6 million, $184.3 million and $133.5 million in fiscal years 2020, 2019 and 2018, respectively.
(2) No country included in this caption exceeded 3% of consolidated net sales for fiscal years 2020, 2019 and 2018.

    
























The following tables summarize information for operating income (loss), depreciation and amortization, restructuring charges, gain (loss) on write down and disposal of long-lived assets, and capital expenditures by reportable segment for the fiscal years ended 2020, 2019 and 2018 and total assets by reportable segment for the fiscal years ended 2020 and 2019 (amounts in thousands):
 
 
Fiscal Years Ended March 31,
 
 
2020
 
2019
 
2018
Operating income (loss):
 
 
 
 
 
 
Solid Capacitors
 
$
345,245

 
$
348,150

 
$
234,473

Film and Electrolytic
 
(14,209
)
 
8,183

 
3,622

MSA
 
13,101

 
22,546

 
15,694

Corporate
 
(196,271
)
 
(178,030
)
 
(140,937
)
 
 
$
147,866

 
$
200,849

 
$
112,852

Depreciation and amortization expense:
 
 
 
 
 
 
Solid Capacitors
 
$
33,462

 
$
28,795

 
$
27,329

Film and Electrolytic
 
10,142

 
9,763

 
10,918

MSA
 
7,379

 
5,226

 
4,407

Corporate
 
11,836

 
8,844

 
8,007

 
 
$
62,819

 
$
52,628

 
$
50,661

Restructuring charges:
 
 
 
 
 
 
Solid Capacitors
 
$
517

 
$
4,922

 
$
983

Film and Electrolytic
 
3,458

 
2,717

 
5,788

MSA
 
3,516

 
452

 
3,343

Corporate
 
1,391

 
688

 
4,729

 
 
$
8,882

 
$
8,779

 
$
14,843

(Gain) loss on write down and disposal of long-lived assets
 
 
 
 
 
 
Solid Capacitors
 
$
1,538

 
$
235

 
$
689

Film and Electrolytic
 
7,780

 
(93
)
 
(3,356
)
MSA
 

 

 
1,272

Corporate
 
10,392

 
1,518

 
403

 
 
$
19,710

 
$
1,660

 
$
(992
)
 
 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
 
Solid Capacitors
 
$
102,600

 
$
80,700

 
$
31,249

Film and Electrolytic
 
9,900

 
16,000

 
12,651

MSA
 
10,600

 
13,400

 
8,481

Corporate
 
23,231

 
35,956

 
12,623

 
 
$
146,331

 
$
146,056

 
$
65,004

 
 
March 31,
 
 
2020
 
2019
Total assets:
 
 
 
 
Solid Capacitors
 
$
888,046

 
$
794,402

Film and Electrolytic
 
207,601

 
219,711

MSA
 
220,107

 
234,419

Corporate
 
77,343

 
69,563

 
 
$
1,393,097

 
$
1,318,095


Schedule of net sales by geographical location
The following highlights net sales by geographic location (amounts in thousands):
 
 
Fiscal Years Ended March 31,(1)
 
 
2020
 
2019
 
2018
United States
 
$
246,821

 
$
292,980

 
$
233,133

Hong Kong
 
195,898

 
188,102

 
169,073

China
 
181,319

 
173,148

 
163,016

Japan
 
157,539

 
178,502

 
170,282

Germany
 
99,166

 
124,805

 
105,548

Europe (2)
 
84,504

 
76,149

 
64,248

Taiwan
 
58,364

 
88,853

 
78,728

Mexico
 
49,346

 
44,267

 
23,915

Asia Pacific (2)
 
46,455

 
47,233

 
36,647

Netherlands
 
39,329

 
44,065

 
39,684

United Kingdom
 
29,070

 
42,472

 
37,038

Malaysia
 
23,750

 
33,748

 
28,165

Singapore
 
23,047

 
19,417

 
17,267

Hungary
 
12,050

 
12,245

 
13,254

Italy
 
12,031

 
15,551

 
17,905

Other Countries (2)
 
1,865

 
1,281

 
2,278

Total Non-United States
 
1,013,733

 
1,089,838

 
967,048

 
 
$
1,260,554

 
$
1,382,818

 
$
1,200,181

______________________________________________________________________________
(1) Revenues are attributed to countries or regions based on the location of the customer. Net Sales to one customer, TTI, Inc., exceeded 10% of total net sales as follows: $154.6 million, $184.3 million and $133.5 million in fiscal years 2020, 2019 and 2018, respectively.
(2) No country included in this caption exceeded 3% of consolidated net sales for fiscal years 2020, 2019 and 2018.

 
Schedule of property, plant and equipment, net, based on physical location he following geographic information includes Property, plant and equipment, net, based on physical location (amounts in thousands):
 
 
March 31,
 
 
2020
 
2019
United States
 
$
68,992

 
$
57,095

Mexico
 
176,417

 
121,147

Japan
 
89,080

 
89,602

Thailand
 
82,905

 
82,389

China
 
51,120

 
45,815

Portugal
 
33,092

 
31,872

Italy
 
25,373

 
35,197

Macedonia
 
12,135

 
12,906

Bulgaria
 
6,014

 
5,480

Sweden
 
562

 
4,800

Other (1)
 
6,946

 
8,977

Total Non-United States
 
483,644

 
438,185

 
 
$
552,636

 
$
495,280