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Business Segments (Tables) | 6 Months Ended
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Sep. 30, 2016
Segment Reporting [Abstract] |
Information about our Operating and Reportable Segments | The tables below summarize information about our reportable segments.
| Three Months Ended September 30, 2016
(In thousands) | North American OTC Healthcare |  | International OTC Healthcare |  | Household Cleaning |  | Consolidated
Gross segment revenues | $ | 172,590 |  |  | $ | 18,802 |  |  | $ | 23,768 |  |  | $ | 215,160 |
Elimination of intersegment revenues | (143 | ) |  | — |  |  | — |  |  | (143 | )
Third-party segment revenues | 172,447 |  |  | 18,802 |  |  | 23,768 |  |  | 215,017 |
Other revenues | — |  |  | 2 |  |  | 33 |  |  | 35 |
Total segment revenues | 172,447 |  |  | 18,804 |  |  | 23,801 |  |  | 215,052 |
Cost of sales | 65,402 |  |  | 7,096 |  |  | 18,589 |  |  | 91,087 |
Gross profit | 107,045 |  |  | 11,708 |  |  | 5,212 |  |  | 123,965 |
Advertising and promotion | 24,811 |  |  | 3,244 |  |  | 537 |  |  | 28,592 |
Contribution margin | $ | 82,234 |  |  | $ | 8,464 |  |  | $ | 4,675 |  |  | 95,373 |
Other operating expenses* |  |  |  |  |  |  |  |  | 24,315 |
Operating income |  |  |  |  |  |  |  |  | 71,058 |
Other expense |  |  |  |  |  |  |  |  | 20,830 |
Income before income taxes |  |  |  |  |  |  | 50,228 |
Provision for income taxes |  |  |  |  |  |  |  |  | 18,033 |
Net income |  |  |  |  |  |  | $ | 32,195 |
*Other operating expenses for the three months ended September 30, 2016 includes a pre-tax loss on sale of assets of $0.7 million related to Pediacare, New Skin, and Fiber Choice and a pre-tax gain on sale of assets of $1.2 million associated with the sale of license rights in certain geographic areas pertaining to Comet. The assets and corresponding contribution margin associated with the pre-tax loss on sale of assets related to Pediacare, New Skin, and Fiber Choice are included within the North American OTC Healthcare segment, while the pre-tax gain on sale of license rights related to Comet are included in the Household Cleaning segment.
| Six Months Ended September 30, 2016
(In thousands) | North American OTC Healthcare |  | International OTC Healthcare |  | Household Cleaning |  | Consolidated
Gross segment revenues | $ | 345,891 |  |  | $ | 34,602 |  |  | $ | 44,658 |  |  | $ | 425,151 |
Elimination of intersegment revenues | (1,364 | ) |  | — |  |  | — |  |  | (1,364 | )
Third-party segment revenues | 344,527 |  |  | 34,602 |  |  | 44,658 |  |  | 423,787 |
Other revenues | — |  |  | 6 |  |  | 834 |  |  | 840 |
Total segment revenues | 344,527 |  |  | 34,608 |  |  | 45,492 |  |  | 424,627 |
Cost of sales | 129,636 |  |  | 14,044 |  |  | 35,391 |  |  | 179,071 |
Gross profit | 214,891 |  |  | 20,564 |  |  | 10,101 |  |  | 245,556 |
Advertising and promotion | 49,851 |  |  | 5,368 |  |  | 1,008 |  |  | 56,227 |
Contribution margin | $ | 165,040 |  |  | $ | 15,196 |  |  | $ | 9,093 |  |  | 189,329 |
Other operating expenses* |  |  |  |  |  |  |  |  | 106,057 |
Operating income |  |  |  |  |  |  |  |  | 83,272 |
Other expense |  |  |  |  |  |  |  |  | 41,957 |
Income before income taxes |  |  |  |  |  |  | 41,315 |
Provision for income taxes |  |  |  |  |  |  |  |  | 14,651 |
Net income |  |  |  |  |  |  | $ | 26,664 |
*Other operating expenses for the six months ended September 30, 2016 includes a pre-tax loss on sale of assets of $56.2 million related to Pediacare, New Skin, and Fiber Choice and a pre-tax gain on sale of assets of $1.2 million associated with the sale of license rights in certain geographic areas pertaining to Comet. The assets and corresponding contribution margin associated with the pre-tax loss on sale of assets related to Pediacare, New Skin, and Fiber Choice are included within the North American OTC Healthcare segment, while the pre-tax gain on sale of license rights related to Comet are included in the Household Cleaning segment.
| Three Months Ended September 30, 2015
(In thousands) | North American OTC Healthcare |  | International OTC Healthcare |  | Household Cleaning |  | Consolidated
Gross segment revenues** | $ | 166,886 |  |  | $ | 15,954 |  |  | $ | 23,894 |  |  | $ | 206,734 |
Elimination of intersegment revenues | (1,472 | ) |  | — |  |  | — |  |  | (1,472 | )
Third-party segment revenues | 165,414 |  |  | 15,954 |  |  | 23,894 |  |  | 205,262 |
Other revenues** | — |  |  | 6 |  |  | 797 |  |  | 803 |
Total segment revenues | 165,414 |  |  | 15,960 |  |  | 24,691 |  |  | 206,065 |
Cost of sales** | 61,497 |  |  | 6,094 |  |  | 18,534 |  |  | 86,125 |
Gross profit | 103,917 |  |  | 9,866 |  |  | 6,157 |  |  | 119,940 |
Advertising and promotion | 24,440 |  |  | 2,777 |  |  | 676 |  |  | 27,893 |
Contribution margin | $ | 79,477 |  |  | $ | 7,089 |  |  | $ | 5,481 |  |  | 92,047 |
Other operating expenses |  |  |  |  |  |  |  |  | 22,149 |
Operating income |  |  |  |  |  |  |  |  | 69,898 |
Other expense |  |  |  |  |  |  |  |  | 20,667 |
Income before income taxes |  |  |  |  |  |  | 49,231 |
Provision for income taxes |  |  |  |  |  |  |  |  | 17,428 |
Net income |  |  |  |  |  |  | $ | 31,803 |
| Six Months Ended September 30, 2015
(In thousands) | North American OTC Healthcare |  | International OTC Healthcare |  | Household Cleaning |  | Consolidated
Gross segment revenues** | $ | 323,978 |  |  | $ | 29,410 |  |  | $ | 45,361 |  |  | $ | 398,749 |
Elimination of intersegment revenues | (2,200 | ) |  | — |  |  | — |  |  | (2,200 | )
Third-party segment revenues | 321,778 |  |  | 29,410 |  |  | 45,361 |  |  | 396,549 |
Other revenues** | 15 |  |  | 31 |  |  | 1,602 |  |  | 1,648 |
Total segment revenues | 321,793 |  |  | 29,441 |  |  | 46,963 |  |  | 398,197 |
Cost of sales** | 119,624 |  |  | 11,383 |  |  | 35,014 |  |  | 166,021 |
Gross profit | 202,169 |  |  | 18,058 |  |  | 11,949 |  |  | 232,176 |
Advertising and promotion | 47,635 |  |  | 5,500 |  |  | 1,180 |  |  | 54,315 |
Contribution margin | $ | 154,534 |  |  | $ | 12,558 |  |  | $ | 10,769 |  |  | 177,861 |
Other operating expenses |  |  |  |  |  |  |  |  | 45,458 |
Operating income |  |  |  |  |  |  |  |  | 132,403 |
Other expense |  |  |  |  |  |  |  |  | 43,002 |
Income before income taxes |  |  |  |  |  |  | 89,401 |
Provision for income taxes |  |  |  |  |  |  |  |  | 31,425 |
Net income |  |  |  |  |  |  | $ | 57,976 |
**Certain immaterial amounts relating to gross segment revenues, other revenues and cost of sales for each of the three and six months ended September 30, 2015 were reclassified between the International OTC Healthcare segment and the North American OTC Healthcare segment. There were no changes to the consolidated financial statements for any periods presented.
Information about our Revenues from Similar Product Groups | The tables below summarize information about our segment revenues from similar product groups.
| Three Months Ended September 30, 2016
(In thousands) | North American OTC Healthcare |  | International OTC Healthcare |  | Household Cleaning |  | Consolidated
Analgesics | $ | 29,993 |  |  | $ | 544 |  |  | $ | — |  |  | $ | 30,537 |
Cough & Cold | 21,106 |  |  | 5,160 |  |  | — |  |  | 26,266 |
Women's Health | 33,268 |  |  | 635 |  |  | — |  |  | 33,903 |
Gastrointestinal | 16,280 |  |  | 6,088 |  |  | — |  |  | 22,368 |
Eye & Ear Care | 22,934 |  |  | 2,989 |  |  | — |  |  | 25,923 |
Dermatologicals | 22,952 |  |  | 567 |  |  | — |  |  | 23,519 |
Oral Care | 24,368 |  |  | 2,820 |  |  | — |  |  | 27,188 |
Other OTC | 1,546 |  |  | 1 |  |  | — |  |  | 1,547 |
Household Cleaning | — |  |  | — |  |  | 23,801 |  |  | 23,801 |
Total segment revenues | $ | 172,447 |  |  | $ | 18,804 |  |  | $ | 23,801 |  |  | $ | 215,052 |
| Six Months Ended September 30, 2016
(In thousands) | North American OTC Healthcare |  | International OTC Healthcare |  | Household Cleaning |  | Consolidated
Analgesics | $ | 58,119 |  |  | $ | 1,071 |  |  | $ | — |  |  | $ | 59,190 |
Cough & Cold | 39,073 |  |  | 9,552 |  |  | — |  |  | 48,625 |
Women's Health | 66,155 |  |  | 1,571 |  |  | — |  |  | 67,726 |
Gastrointestinal | 35,386 |  |  | 10,344 |  |  | — |  |  | 45,730 |
Eye & Ear Care | 48,941 |  |  | 5,785 |  |  | — |  |  | 54,726 |
Dermatologicals | 45,650 |  |  | 1,238 |  |  | — |  |  | 46,888 |
Oral Care | 48,179 |  |  | 5,037 |  |  | — |  |  | 53,216 |
Other OTC | 3,024 |  |  | 10 |  |  | — |  |  | 3,034 |
Household Cleaning | — |  |  | — |  |  | 45,492 |  |  | 45,492 |
Total segment revenues | $ | 344,527 |  |  | $ | 34,608 |  |  | $ | 45,492 |  |  | $ | 424,627 |
| Three Months Ended September 30, 2015
(In thousands) | North American OTC Healthcare |  | International OTC Healthcare |  | Household Cleaning |  | Consolidated
Analgesics | $ | 29,694 |  |  | $ | 688 |  |  | $ | — |  |  | $ | 30,382 |
Cough & Cold | 24,456 |  |  | 4,746 |  |  | — |  |  | 29,202 |
Women's Health | 33,607 |  |  | 804 |  |  | — |  |  | 34,411 |
Gastrointestinal | 19,061 |  |  | 5,342 |  |  | — |  |  | 24,403 |
Eye & Ear Care | 24,163 |  |  | 3,578 |  |  | — |  |  | 27,741 |
Dermatologicals | 23,197 |  |  | 611 |  |  | — |  |  | 23,808 |
Oral Care | 9,733 |  |  | 189 |  |  | — |  |  | 9,922 |
Other OTC | 1,503 |  |  | 2 |  |  | — |  |  | 1,505 |
Household Cleaning | — |  |  | — |  |  | 24,691 |  |  | 24,691 |
Total segment revenues | $ | 165,414 |  |  | $ | 15,960 |  |  | $ | 24,691 |  |  | $ | 206,065 |
| Six Months Ended September 30, 2015
(In thousands) | North American OTC Healthcare |  | International OTC Healthcare |  | Household Cleaning |  | Consolidated
Analgesics | $ | 56,542 |  |  | $ | 1,218 |  |  | $ | — |  |  | $ | 57,760 |
Cough & Cold | 44,215 |  |  | 9,252 |  |  | — |  |  | 53,467 |
Women's Health | 66,515 |  |  | 1,504 |  |  | — |  |  | 68,019 |
Gastrointestinal | 39,381 |  |  | 9,150 |  |  | — |  |  | 48,531 |
Eye & Ear Care | 49,223 |  |  | 6,780 |  |  | — |  |  | 56,003 |
Dermatologicals | 43,292 |  |  | 1,145 |  |  | — |  |  | 44,437 |
Oral Care | 19,710 |  |  | 383 |  |  | — |  |  | 20,093 |
Other OTC | 2,915 |  |  | 9 |  |  | — |  |  | 2,924 |
Household Cleaning | — |  |  | — |  |  | 46,963 |  |  | 46,963 |
Total segment revenues | $ | 321,793 |  |  | $ | 29,441 |  |  | $ | 46,963 |  |  | $ | 398,197 |
Allocation of Long-Term Assets to Segments | These consolidated goodwill and intangible assets have been allocated to the reportable segments as follows:
September 30, 2016 (In thousands) | North American OTC Healthcare |  | International OTC Healthcare |  | Household Cleaning |  | Consolidated
Goodwill | $ | 322,945 |  |  | $ | 22,472 |  |  | $ | 6,245 |  |  | $ | 351,662 |
Intangible assets |  |  |  |  |  |  |  |
Indefinite-lived | 1,755,636 |  |  | 85,520 |  |  | 101,262 |  |  | 1,942,418 |
Finite-lived | 215,817 |  |  | 1,087 |  |  | 21,806 |  |  | 238,710 |
Intangible assets, net | 1,971,453 |  |  | 86,607 |  |  | 123,068 |  |  | 2,181,128 |
Total | $ | 2,294,398 |  |  | $ | 109,079 |  |  | $ | 129,313 |  |  | $ | 2,532,790 |
March 31, 2016 (In thousands) | North American OTC Healthcare |  | International OTC Healthcare |  | Household Cleaning |  | Consolidated
Goodwill | $ | 330,615 |  |  | $ | 22,776 |  |  | $ | 6,800 |  |  | $ | 360,191 |
Intangible assets |  |  |  |  |  |  |  |
Indefinite-lived | 1,823,873 |  |  | 85,901 |  |  | 110,272 |  |  | 2,020,046 |
Finite-lived | 277,762 |  |  | 2,237 |  |  | 22,678 |  |  | 302,677 |
Intangible assets, net | 2,101,635 |  |  | 88,138 |  |  | 132,950 |  |  | 2,322,723 |
Total | $ | 2,432,250 |  |  | $ | 110,914 |  |  | $ | 139,750 |  |  | $ | 2,682,914 |

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: 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=68060357&loc=d3e9031-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: 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=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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