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Business Segment And Geographic Information | 12 Months Ended
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Mar. 31, 2012
Business Segment And Geographic Information [Abstract] |
Business Segment And Geographic Information | 16. Business Segment and Geographic Information The Company reported its financial results in two reportable business segments: Wind and Grid. Wind produces a broad range of products to increase electrical grid capacity and reliability; supplies electrical systems used in wind turbines; sells power electronic products that regulate wind farm voltage to enable their interconnection to the power grid; licenses proprietary wind turbine designs to manufacturers of such systems; provides consulting services to the wind industry; and offers products that enhance power quality for industrial operations. Grid focuses on manufacturing HTS wire and coils; designs and develops superconductor products, such as power cables, fault current limiters and motors; and manages large-scale superconductor projects. The operating results for the two business segments are as follows (in thousands):
|  | For the years ended March 31,
Revenues |  | 2012 |  | 2011 |  | 2010
Wind | $ | 44,642 | $ | 231,761 | $ | 251,487
Grid |  | 31,901 |  | 54,842 |  | 64,468
Total | $ | 76,543 | $ | 286,603 | $ | 315,955
|  | For the years ended March 31, |
Operating (loss) income |  | 2012 |  |  | 2011 |  |  | 2010 |
Wind | $ | (62,217 | ) | $ | (100,546 | ) | $ | 91,000 |
Grid |  | (29,645 | ) |  | (63,855 | ) |  | (37,828 | )
Unallocated corporate expenses |  | (44,577 | ) |  | (13,582 | ) |  | (14,511 | )
Total | $ | (136,439 | ) | $ | (177,983 | ) | $ | 38,661 |
Total business segments assets are as follows (in thousands):
|  | March 31, |
|  | 2012 |  | 2011
Wind | $ | 70,054 | $ | 78,700
Grid |  | 89,091 |  | 85,607
Corporate assets |  | 95,911 |  | 276,902
Total | $ | 255,056 | $ | 441,209
The accounting policies of the business segments are the same as those for the consolidated Company. Certain corporate expenses which the Company does not believe are specifically attributable or allocable to either of the two business segments have been excluded from the segment operating income. Unallocated corporate expenses include stock-based compensation expense of $9.9 million, $13.4 million and $13.5 million for the years ended March 31, 2012, 2011 and 2010, respectively. For the year ended March 31, 2012, unallocated corporate expenses also included the write-off of advance payment to The Switch of $20.6 million, restructuring and impairment charges of $9.2 million, and an expense of patent costs of $4.9 million. Geographic information about revenue, based on shipments to customers by region, is as follows (in thousands):
|  | For the years ended March 31,
|  | 2012 |  | 2011 |  | 2010
U.S | $ | 21,347 | $ | 18,642 | $ | 40,750
North America and South America |  | 1,219 |  | 6,670 |  | 4,441
Europe |  | 2,868 |  | 10,289 |  | 14,758
China |  | 16,929 |  | 219,194 |  | 241,462
Korea |  | 12,486 |  | 10,281 |  | 8,245
India |  | 14,212 |  | 3,835 |  | 1,787
Other Asia-Pacific |  | 7,482 |  | 17,692 |  | 4,512
Total | $ | 76,543 | $ | 286,603 | $ | 315,955
In the year ended March 31, 2012, 2011 and 2010, 72%, 93% and 87% of the Company's revenues, respectively, were recognized from sales outside the United States. The Company maintains operations in Austria, China and the United States and sales and service support centers around the world. In the year ended March 31, 2012, two customers, Inox Wind and Doosan Heavy Industries, accounted for approximately 18% and 11%, respectively, of the Company's total revenues. For the years ended March 31, 2011 and 2010, the Company had one customer, Sinovel, which represented approximately 68% and 70% of total revenue, respectively. Geographic information about property, plant and equipment associated with particular regions is as follows (in thousands):
|  | March 31,
|  | 2012 |  | 2011
U.S and other North America | $ | 83,421 | $ | 86,971
Europe |  | 3,538 |  | 5,895
Asia-Pacific |  | 3,869 |  | 3,628
Total | $ | 90,828 | $ | 96,494

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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