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Business Segments
 12 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Business Segments
Business Segments

Segment information has been prepared in accordance with the Segment Reporting topic of FASB ASC 280. Our current reportable segments consist of (i) North American OTC Healthcare, (ii) International OTC Healthcare and (iii) Household Cleaning. We evaluate the performance of our operating segments and allocate resources to these segments based primarily on contribution margin, which we define as gross profit less advertising and promotional expenses.
  
The tables below summarize information about our operating and reportable segments.
 
Year Ended March 31, 2017
(In thousands)
North American OTC
Healthcare
 
International OTC
Healthcare
 
Household
Cleaning
 
Consolidated
Gross segment revenues
$
724,991

 
$
73,287

 
$
87,035

 
$
885,313

Elimination of intersegment revenues
(4,200
)
 
—

 
—

 
(4,200
)
Third-party segment revenues
720,791

 
73,287

 
87,035

 
881,113

Other revenues
33

 
17

 
897

 
947

Total segment revenues
720,824

 
73,304

 
87,932

 
882,060

Cost of sales
282,750

 
30,789

 
68,235

 
381,774

Gross profit
438,074

 
42,515

 
19,697

 
500,286

Advertising and promotion
112,465

 
13,434

 
2,460

 
128,359

Contribution margin
$
325,609

 
$
29,081

 
$
17,237

 
371,927

Other operating expenses*
 

 
 
 
 

 
166,314

Operating income
 

 
 
 
 

 
205,613

Other expense
 

 
 
 
 

 
94,763

Income before income taxes
 
 
 
 
 
 
110,850

Provision for income taxes
 

 
 
 
 

 
41,455

Net income
 
 
 
 
 
 
$
69,395

*Other operating expenses for the year ended March 31, 2017 includes a pre-tax net loss of $51.8 million related to divestitures. These divestitures include Pediacare, New Skin, Fiber Choice, e.p.t, Dermoplast, and license rights in certain geographic areas pertaining to Comet. The assets and corresponding contribution margin associated with the pre-tax net loss on divestitures related to Pediacare, New Skin, Fiber Choice, e.p.t and Dermoplast 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.

 
Year Ended March 31, 2016
(In thousands)
North American OTC
Healthcare
 
International OTC
Healthcare
 
Household
Cleaning
 
Consolidated
Gross segment revenues**
$
660,518

 
$
57,670

 
$
87,561

 
$
805,749

Elimination of intersegment revenues
(2,661
)
 
—

 
—

 
(2,661
)
Third-party segment revenues
657,857

 
57,670

 
87,561

 
803,088

Other revenues**
14

 
43

 
3,102

 
3,159

Total segment revenues
657,871

 
57,713

 
90,663

 
806,247

Cost of sales**
250,018

 
21,676

 
67,342

 
339,036

Gross profit
407,853

 
36,037

 
23,321

 
467,211

Advertising and promotion
97,393

 
11,114

 
2,295

 
110,802

Contribution margin
$
310,460

 
$
24,923

 
$
21,026

 
356,409

Other operating expenses
 

 
 
 
 

 
96,094

Operating income
 

 
 
 
 

 
260,315

Other expense
 

 
 
 
 

 
103,130

Income before income taxes
 
 
 
 
 
 
157,185

Provision for income taxes
 

 
 
 
 

 
57,278

Net income
 
 
 
 
 
 
$
99,907


 
Year Ended March 31, 2015
(In thousands)
North American OTC
Healthcare
 
International OTC
Healthcare
 
Household
Cleaning
 
Consolidated
Gross segment revenues**
$
569,643

 
$
57,729

 
$
86,085

 
$
713,457

Elimination of intersegment revenues
(3,387
)
 
—

 
—

 
(3,387
)
Third-party segment revenues
566,256

 
57,729

 
86,085

 
710,070

Other revenues
637

 
64

 
3,852

 
4,553

Total segment revenues
566,893

 
57,793

 
89,937

 
714,623

Cost of sales
216,781

 
22,820

 
68,799

 
308,400

Gross profit
350,112

 
34,973

 
21,138

 
406,223

Advertising and promotion
86,897

 
10,922

 
1,832

 
99,651

Contribution margin
$
263,215

 
$
24,051

 
$
19,306

 
306,572

Other operating expenses
 

 
 
 
 

 
99,013

Operating income
 

 
 
 
 

 
207,559

Other expense
 

 
 
 
 

 
80,101

Income before income taxes
 
 
 
 
 
 
127,458

Provision for income taxes
 

 
 
 
 

 
49,198

Net income
 
 
 
 
 
 
$
78,260


**Certain immaterial amounts relating to gross segment revenues, other revenues and cost of sales for each of the years ended March 31, 2016 and 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.

The tables below summarize information about our segment revenues from similar product groups.

 
Year Ended March 31, 2017
(In thousands)
North American OTC
Healthcare
 
International OTC
Healthcare
 
Household
Cleaning
 
Consolidated
Analgesics
$
120,253

 
$
1,922

 
$
—

 
$
122,175

Cough & Cold
90,795

 
17,990

 
—

 
108,785

Women's Health
147,071

 
3,811

 
—

 
150,882

Gastrointestinal
76,500

 
24,812

 
—

 
101,312

Eye & Ear Care
97,618

 
12,075

 
—

 
109,693

Dermatologicals
85,194

 
2,159

 
—

 
87,353

Oral Care
97,586

 
10,513

 
—

 
108,099

Other OTC
5,807

 
22

 
—

 
5,829

Household Cleaning
—

 
—

 
87,932

 
87,932

Total segment revenues
$
720,824

 
$
73,304

 
$
87,932

 
$
882,060



 
Year Ended March 31, 2016
(In thousands)
North American OTC
Healthcare
 
International OTC
Healthcare
 
Household
Cleaning
 
Consolidated
Analgesics
$
117,337

 
$
2,128

 
$
—

 
$
119,465

Cough & Cold
100,148

 
16,422

 
—

 
116,570

Women's Health
132,184

 
2,982

 
—

 
135,166

Gastrointestinal
74,568

 
20,019

 
—

 
94,587

Eye & Ear Care
95,515

 
11,983

 
—

 
107,498

Dermatologicals
82,941

 
2,133

 
—

 
85,074

Oral Care
49,099

 
2,026

 
—

 
51,125

Other OTC
6,079

 
20

 
—

 
6,099

Household Cleaning
—

 
—

 
90,663

 
90,663

Total segment revenues
$
657,871

 
$
57,713

 
$
90,663

 
$
806,247


 
Year Ended March 31, 2015
(In thousands)
North American OTC
Healthcare
 
International OTC
Healthcare
 
Household
Cleaning
 
Consolidated
Analgesics
$
111,954

 
$
2,597

 
$
—

 
$
114,551

Cough & Cold
103,686

 
18,080

 
—

 
121,766

Women's Health
71,506

 
2,261

 
—

 
73,767

Gastrointestinal
77,596

 
19,372

 
—

 
96,968

Eye & Ear Care
85,236

 
12,689

 
—

 
97,925

Dermatologicals
64,806

 
2,289

 
—

 
67,095

Oral Care
45,916

 
483

 
—

 
46,399

Other OTC
6,193

 
22

 
—

 
6,215

Household Cleaning
—

 
—

 
89,937

 
89,937

Total segment revenues
$
566,893

 
$
57,793

 
$
89,937

 
$
714,623



During fiscal 2017, 2016, and 2015, approximately 87.3%, 87.4%, and 85.2%, respectively, of our total segment revenues were from customers in the United States. Other than the United States, no individual geographical area accounted for more than 10% of total segment revenues in any of the periods presented.  During fiscal 2017, 2016, and 2015, our Canada sales accounted for approximately 4.8%, 5.2%, and 5.9%, respectively, of our total segment revenues. During fiscal 2017, 2016, and 2015, our Australia sales accounted for approximately 5.2%, 5.6% and 6.9%, respectively, of our total segment revenues.

At March 31, 2017 and 2016, approximately 96.5% and 95.9%, respectively, of our consolidated goodwill and intangible assets were located in the United States and approximately 3.5% and 4.1%, respectively, were located in Australia. These consolidated goodwill and intangible assets have been allocated to the reportable segments as follows:


March 31, 2017
(In thousands)
North American OTC
Healthcare
 
International OTC
Healthcare
 
Household
Cleaning
 
Consolidated
Goodwill
$
576,453

 
$
32,554

 
$
6,245

 
$
615,252

 
 
 
 
 
 
 
 
Intangible assets
 
 
 
 
 
 
 

Indefinite-lived
2,404,336

 
83,558

 
101,261

 
2,589,155

Finite-lived
287,056

 
6,468

 
20,934

 
314,458

Intangible assets, net
2,691,392

 
90,026

 
122,195

 
2,903,613

Total
$
3,267,845

 
$
122,580

 
$
128,440

 
$
3,518,865




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