XML 63 R23.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Segment and Geographic Data | 12 Months Ended
--- | ---
Dec. 31, 2012
Segment and Geographic Data [Abstract] |
Segment and Geographic Data | Note 15 –Segment and Geographic Data Following the completion of the spin-off of VPG in the third fiscal quarter of 2010, 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, asset write-downs, goodwill and indefinite-lived intangible asset impairments, inventory write-downs, gains or losses on purchase commitments, 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 Company has also disclosed certain additional items not used to evaluate segment performance. In some cases, the items are regularly provided to the chief operating decision maker and are required to be disclosed by GAAP. Additionally, the additional segment disclosures may provide insight to the Company's future profitability by reportable segment. Note 15 –Segment and Geographic Data (continued) The following tables set forth business segment information:
|  | MOSFETs |  |  | Diodes |  |  | Optoelectronic Components |  |  | Resistors & Inductors |  |  | Capacitors |  |  | Vishay Precision Group |  |  | Corporate / Other |  |  | Total |
Year ended December 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product sales |  | $ | 433,436 |  |  | $ | 496,744 |  |  | $ | 209,141 |  |  | $ | 635,488 |  |  | $ | 448,157 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,222,966 |
Royalty revenues |  |  | 246 |  |  |  | - |  |  |  | 53 |  |  |  | 6,832 |  |  |  | - |  |  |  | - |  |  |  | - |  |  | $ | 7,131 |
Total revenue |  | $ | 433,682 |  |  | $ | 496,744 |  |  | $ | 209,194 |  |  | $ | 642,320 |  |  | $ | 448,157 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,230,097 |
Gross Margin |  | $ | 56,694 |  |  | $ | 99,116 |  |  | $ | 67,943 |  |  | $ | 204,137 |  |  | $ | 98,783 |  |  | $ | - |  |  | $ | - |  |  | $ | 526,673 |
Depreciation expense |  | $ | 49,124 |  |  | $ | 36,335 |  |  | $ | 11,917 |  |  | $ | 31,921 |  |  | $ | 23,354 |  |  | $ | - |  |  | $ | 1,150 |  |  | $ | 153,801 |
Interest expense (income) |  |  | - |  |  |  | 64 |  |  |  | 140 |  |  |  | 543 |  |  |  | 52 |  |  |  | - |  |  |  | 21,805 |  |  | $ | 22,604 |
Capital expenditures |  |  | 49,201 |  |  |  | 30,025 |  |  |  | 16,759 |  |  |  | 35,878 |  |  |  | 15,531 |  |  |  | - |  |  |  | 2,897 |  |  | $ | 150,291 |
Total Assets as of December 31, 2012: |  | $ | 625,597 |  |  | $ | 670,811 |  |  | $ | 199,385 |  |  | $ | 760,257 |  |  | $ | 587,586 |  |  | $ | - |  |  | $ | 172,641 |  |  | $ | 3,016,277 |
Year ended December 31, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product sales |  | $ | 537,783 |  |  | $ | 607,493 |  |  | $ | 229,814 |  |  | $ | 634,490 |  |  | $ | 577,816 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,587,396 |
Royalty revenues |  |  | 197 |  |  |  | - |  |  |  | 72 |  |  |  | 6,364 |  |  |  | - |  |  |  | - |  |  |  | - |  |  | $ | 6,633 |
Total revenue |  | $ | 537,980 |  |  | $ | 607,493 |  |  | $ | 229,886 |  |  | $ | 640,854 |  |  | $ | 577,816 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,594,029 |
Gross Margin |  | $ | 125,498 |  |  | $ | 143,876 |  |  | $ | 74,772 |  |  | $ | 213,997 |  |  | $ | 161,843 |  |  | $ | - |  |  | $ | - |  |  | $ | 719,986 |
Depreciation expense |  | $ | 53,808 |  |  | $ | 39,577 |  |  | $ | 12,384 |  |  | $ | 32,039 |  |  | $ | 25,979 |  |  | $ | - |  |  | $ | 1,235 |  |  | $ | 165,022 |
Interest expense (income) |  |  | 12 |  |  |  | - |  |  |  | - |  |  |  | 223 |  |  |  | 223 |  |  |  | - |  |  |  | 18,819 |  |  | $ | 19,277 |
Capital expenditures |  |  | 61,520 |  |  |  | 39,444 |  |  |  | 15,442 |  |  |  | 28,751 |  |  |  | 19,676 |  |  |  | - |  |  |  | 3,808 |  |  | $ | 168,641 |
Total Assets as of December 31, 2011: |  | $ | 646,660 |  |  | $ | 682,017 |  |  | $ | 163,486 |  |  | $ | 609,556 |  |  | $ | 672,049 |  |  | $ | - |  |  | $ | 219,962 |  |  | $ | 2,993,730 |
Year ended December 31, 2010: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product sales |  | $ | 626,498 |  |  | $ | 596,354 |  |  | $ | 226,402 |  |  | $ | 622,819 |  |  | $ | 546,149 |  |  | $ | 101,089 |  |  | $ | - |  |  | $ | 2,719,311 |
Royalty revenues |  |  | 200 |  |  |  | - |  |  |  | 96 |  |  |  | 5,485 |  |  |  | - |  |  |  | - |  |  |  | - |  |  | $ | 5,781 |
Total revenue |  | $ | 626,698 |  |  | $ | 596,354 |  |  | $ | 226,498 |  |  | $ | 628,304 |  |  | $ | 546,149 |  |  | $ | 101,089 |  |  | $ | - |  |  | $ | 2,725,092 |
Gross Margin |  | $ | 189,209 |  |  | $ | 138,308 |  |  | $ | 75,804 |  |  | $ | 222,785 |  |  | $ | 144,349 |  |  | $ | 37,030 |  |  | $ | - |  |  | $ | 807,485 |
Depreciation expense |  | $ | 51,865 |  |  | $ | 39,035 |  |  | $ | 12,282 |  |  | $ | 30,142 |  |  | $ | 31,551 |  |  | $ | 3,391 |  |  | $ | 1,458 |  |  | $ | 169,724 |
Interest expense (income) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 933 |  |  |  | 762 |  |  |  | 33 |  |  |  | 9,308 |  |  | $ | 11,036 |
Capital expenditures |  |  | 55,457 |  |  |  | 30,879 |  |  |  | 13,066 |  |  |  | 27,874 |  |  |  | 17,132 |  |  |  | 918 |  |  |  | 87 |  |  | $ | 145,413 |
Total Assets as of December 31, 2010: |  | $ | 745,641 |  |  | $ | 685,490 |  |  | $ | 163,584 |  |  | $ | 602,466 |  |  | $ | 652,742 |  |  | $ | - |  |  | $ | 116,170 |  |  | $ | 2,966,093 |
Note 15 –Segment and Geographic Data (continued)
|  | Years ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Operating margin reconciliation: |  |  |  |  |  |  |  |  |
MOSFETs |  | $ | 17,198 |  |  | $ | 85,336 |  |  | $ | 152,794 |
Diodes |  |  | 75,733 |  |  |  | 118,111 |  |  |  | 115,168 |
Optoelectronic Components |  |  | 54,632 |  |  |  | 60,492 |  |  |  | 64,088 |
Resistors & Inductors |  |  | 172,129 |  |  |  | 185,327 |  |  |  | 195,730 |
Capacitors |  |  | 76,858 |  |  |  | 136,901 |  |  |  | 121,714 |
Vishay Precision Group |  |  | - |  |  |  | - |  |  |  | 18,949 |
Unallocated Selling, General, and Administrative Expenses |  |  | (219,502 | ) |  |  | (233,804 | ) |  |  | (250,505 | )
Gain on sale of property |  |  | 12,153 |  |  |  | - |  |  |  | - |
Executive compensation charges |  |  | - |  |  |  | (5,762 | ) |  |  | - |
Consolidated Operating Income (Loss) |  | $ | 189,201 |  |  | $ | 346,601 |  |  | $ | 417,938 |
Note 15 –Segment and Geographic Data (continued) Until July 6, 2010, VPG was part of Vishay and its assets, liabilities, results of operations, and cash flows are included in the amounts reported in these consolidated financial statements for periods prior to the completion of the spin-off. Excluding the non-recurring costs of the spin-off incurred by Vishay, VPG contributed $9,716 of income before taxes, $5,811 of net earnings attributable to Vishay stockholders, and $0.03 per diluted share attributable to Vishay stockholders to Vishay's 2010 results. The following table summarizes net revenues based on revenues generated by subsidiaries located within the identified geographic area:
|  | Years ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
United States |  | $ | 568,849 |  |  | $ | 363,847 |  |  | $ | 345,267 |
Germany |  |  | 775,204 |  |  |  | 801,539 |  |  |  | 726,235 |
Other Europe |  |  | 61,236 |  |  |  | 175,639 |  |  |  | 217,099 |
Israel |  |  | 14,708 |  |  |  | 219,037 |  |  |  | 292,025 |
Asia |  |  | 810,100 |  |  |  | 1,033,967 |  |  |  | 1,144,466 |
|  | $ | 2,230,097 |  |  | $ | 2,594,029 |  |  | $ | 2,725,092 |
In the fourth fiscal quarter of 2011, Vishay made changes to its business model to streamline its sales process such that three main subsidiaries generate the majority of third-party sales. The following table summarizes property and equipment based on physical location:
|  | December 31, |
|  | 2012 |  |  | 2011 |
United States |  | $ | 133,812 |  |  | $ | 136,159 |
Germany |  |  | 121,957 |  |  |  | 125,905 |
Czech Republic |  |  | 51,620 |  |  |  | 53,126 |
Other Europe |  |  | 98,534 |  |  |  | 97,212 |
Israel |  |  | 140,994 |  |  |  | 125,885 |
People's Republic of China |  |  | 169,395 |  |  |  | 178,877 |
Republic of China (Taiwan) |  |  | 116,315 |  |  |  | 117,450 |
Other Asia |  |  | 80,304 |  |  |  | 71,677 |
Other |  |  | 1,621 |  |  |  | 1,614 |
|  | $ | 914,552 |  |  | $ | 907,905 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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 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 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: 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 15: 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 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration