Segment Information | Note 10 – Segment Information Vishay operates, and its chief operating decision maker makes strategic and operating decisions with regards to assessing performance and allocating resources based on, five reporting segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors, and Capacitors. The Company evaluates business segment performance on operating income, exclusive of certain items ("segment operating income"). Only dedicated, direct selling, general, and administrative expenses of the segments are included in the calculation of segment operating income. The Company's calculation of segment operating income excludes such selling, general, and administrative costs as global operations, sales and marketing, information systems, finance and administration groups, as well as restructuring and severance costs, goodwill and long-lived asset impairment charges, and other items. Management believes that evaluating segment performance excluding such items is meaningful because it provides insight with respect to intrinsic operating results of the Company. These items represent reconciling items between segment operating income and consolidated operating income. Business segment assets are the owned or allocated assets used by each business. The following tables set forth business segment information: MOSFETs Diodes Optoelectronic Components Resistors & Inductors Capacitors Total Fiscal quarter ended October 3, 2015: Product Sales $ 109,446 $ 123,922 $ 70,008 $ 172,995 $ 83,547 $ 559,918 Royalty Revenues - - - 736 - $ 736 Total Revenue $ 109,446 $ 123,922 $ 70,008 $ 173,731 $ 83,547 $ 560,654 Gross Margin $ 16,795 $ 27,508 $ 22,969 $ 49,843 $ 13,029 $ 130,144 Fiscal quarter ended September 27, 2014: Product Sales $ 121,631 $ 151,444 $ 67,549 $ 189,419 $ 107,105 $ 637,148 Royalty Revenues 28 - - 1,035 - $ 1,063 Total Revenue $ 121,659 $ 151,444 $ 67,549 $ 190,454 $ 107,105 $ 638,211 Gross Margin $ 17,384 $ 36,135 $ 24,585 $ 59,581 $ 20,707 $ 158,392 Nine fiscal months ended October 3, 2015: Product Sales $ 322,553 $ 399,155 $ 211,610 $ 538,173 $ 270,474 $ 1,741,965 Royalty Revenues 11 - - 2,584 - $ 2,595 Total Revenue $ 322,564 $ 399,155 $ 211,610 $ 540,757 $ 270,474 $ 1,744,560 Gross Margin $ 45,261 $ 88,998 $ 69,483 $ 162,034 $ 50,888 $ 416,664 Nine fiscal months ended September 27, 2014: Product Sales $ 358,715 $ 437,944 $ 188,305 $ 569,944 $ 324,360 $ 1,879,268 Royalty Revenues 127 - - 3,123 - $ 3,250 Total Revenue $ 358,842 $ 437,944 $ 188,305 $ 573,067 $ 324,360 $ 1,882,518 Gross Margin $ 48,872 $ 100,606 $ 68,610 $ 181,096 $ 68,584 $ 467,768 Fiscal quarters ended Nine fiscal months ended October 3, 2015 September 27, 2014 October 3, 2015 September 27, 2014 Operating margin reconciliation: MOSFETs $ 6,839 $ 7,824 $ 16,506 $ 19,804 Diodes 21,628 29,720 70,641 80,908 Optoelectronic Components 17,673 20,571 53,923 56,920 Resistors & Inductors 41,404 50,194 135,399 152,499 Capacitors 7,618 14,482 33,968 49,945 Restructuring and Severance Costs (2,324 ) (3,508 ) (9,394 ) (18,926 ) Impairment of goodwill and long-lived assets (62,980 ) - (62,980 ) - U.S. pension settlement charges - (15,588 ) - (15,588 ) Unallocated Selling, General, and Administrative Expenses (54,013 ) (58,236 ) (170,490 ) (179,608 ) Consolidated Operating Income $ (24,155 ) $ 45,459 $ 67,573 $ 145,954 |