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 and (ii) International OTC Healthcare. We sold our Household Cleaning segment on July 2, 2018; see Note 3 for further information. 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, 2019
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Total segment revenues*	$	862,446	$	93,520	$	19,811	$	975,777
Cost of sales	364,533		39,080		16,588		420,201
Gross profit	497,913		54,440		3,223		555,576
Advertising and promotion	126,374		16,286		430		143,090
Contribution margin	$	371,539	$	38,154	$	2,793	412,486
Other operating expenses**							344,983
Operating income							67,503
Other expense							105,558
Loss before income taxes							(38,055		)
Benefit for income taxes							(2,255		)
Net loss							$	(35,800	)

*Intersegment revenues of $7.4 million were eliminated from the North American OTC Healthcare segment.

**Other operating expenses for the year ended March 31, 2019 includes a tradename impairment charge of $195.9 million and a goodwill impairment charge of $33.5 million .



	Year Ended March 31, 2018
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Total segment revenues*	$	868,874	$	91,658	$	80,647	$	1,041,179
Cost of sales	357,298		40,244		67,132		464,674
Gross profit	511,576		51,414		13,515		576,505
Advertising and promotion	129,058		16,267		1,961		147,286
Contribution margin	$	382,518	$	35,147	$	11,554	429,219
Other operating expenses**							213,745
Operating income							215,474
Other expense							108,388
Income before income taxes							107,086
Provision for income taxes							(232,484		)
Net income							$	339,570

* Intersegment revenues of $7.7 million were eliminated from the North American OTC Healthcare segment.

**Other operating expenses for the year ended March 31, 2018 includes a tradename impairment charge of $99.9 million.



	Year Ended March 31, 2017
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
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**							166,284
Operating income							205,643
Other expense							94,793
Income before income taxes							110,850
Provision for income taxes							41,455
Net income							$	69,395

*Intersegment revenues of $4.2 million were eliminated from the North America OTC Healthcare segment.

**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.

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



	Year Ended March 31, 2019
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Analgesics	$	113,563	$	615	$	—	$	114,178
Cough & Cold	83,168		19,955		—		103,123
Women's Health	244,927		13,552		—		258,479
Gastrointestinal	125,416		35,046		—		160,462
Eye & Ear Care	101,128		11,709		—		112,837
Dermatologicals	95,801		2,171		—		97,972
Oral Care	92,964		10,468		—		103,432
Other OTC	5,479		4		—		5,483
Household Cleaning	—		—		19,811		19,811
Total segment revenues	$	862,446	$	93,520	$	19,811	$	975,777



	Year Ended March 31, 2018
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Analgesics	$	118,610	$	807	$	—	$	119,417
Cough & Cold	93,537		18,310		—		111,847
Women's Health	247,244		12,140		—		259,384
Gastrointestinal	117,627		34,609		—		152,236
Eye & Ear Care	92,308		11,744		—		104,052
Dermatologicals	94,775		2,113		—		96,888
Oral Care	99,072		11,930		—		111,002
Other OTC	5,701		5		—		5,706
Household Cleaning	—		—		80,647		80,647
Total segment revenues	$	868,874	$	91,658	$	80,647	$	1,041,179



	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

Our total segment revenues by geographic area are as follows:



	Year Ended March 31,
	2019		2018		2017
United States	$	837,049	$	903,511	$	769,732
Rest of world	138,728		137,668		112,328
Total	$	975,777	$	1,041,179	$	882,060

Our consolidated goodwill and intangible assets have been allocated to the reportable segments as follows:



March 31, 2019 (In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Goodwill	$	547,393	$	31,190	$	—	$	578,583

Intangible assets
Indefinite-lived	2,195,617		77,574		—		2,273,191
Finite-lived	228,743		5,276		—		234,019
Intangible assets, net	$	2,424,360	82,850		—		2,507,210
Total	$	2,971,753	$	114,040	$	—	$	3,085,793



March 31, 2018 (In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Goodwill	$	580,934	$	32,919	$	6,245	$	620,098

Intangible assets
Indefinite-lived	2,375,736		84,006		30,561		2,490,303
Finite-lived	265,356		6,068		19,189		290,613
Intangible assets, net	2,641,092		90,074		49,750		2,780,916
Total	$	3,222,026	$	122,993	$	55,995	$	3,401,014

Our goodwill and intangible assets by geographic area are as follows:



	Year Ended March 31,
	2019		2018
United States	$	2,971,753	$	3,278,021
Rest of world	114,040		122,993
Total	$	3,085,793	$	3,401,014