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Business Segments

12 Months Ended

Mar. 31, 2020

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 and (ii) International OTC Healthcare. We sold our Household Cleaning segment on July 2, 2018; see Note 2 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, 2020
(In thousands)			North American OTC Healthcare						International OTC Healthcare						Household Cleaning						Consolidated
Total segment revenues*			$	859,368					$	103,642					$	—					$	963,010
Cost of sales			372,133						38,654						—						410,787
Gross profit			487,235						64,988						—						552,223
Advertising and promotion			127,972						19,222						—						147,194
Contribution margin			$	359,263					$	45,766					$	—					405,029
Other operating expenses																					113,874
Operating income																					291,155

*Intersegment revenues of $3.5 million were eliminated from the North American OTC Healthcare segment.

			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

* 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

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

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

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

			Year Ended March 31, 2020
(In thousands)			North American OTC Healthcare						International OTC Healthcare						Household Cleaning						Consolidated
Analgesics			$	113,130					$	877					$	—					$	114,007
Cough & Cold			87,601						23,505						—						111,106
Women's Health			239,330						12,221						—						251,551
Gastrointestinal			130,088						42,820						—						172,908
Eye & Ear Care			100,245						11,911						—						112,156
Dermatologicals			100,591						2,421						—						103,012
Oral Care			83,323						9,882						—						93,205
Other OTC			5,060						5						—						5,065
Household Cleaning			—						—						—						—
Total segment revenues			$	859,368					$	103,642					$	—					$	963,010

			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

Our total segment revenues by geographic area are as follows:

			Year Ended March 31,
			2020						2019						2018
United States			$	812,653					$	837,049					$	903,511
Rest of world			150,357						138,728						137,668
Total			$	963,010					$	975,777					$	1,041,179

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

March 31, 2020 (In thousands)			North American OTC Healthcare						International OTC Healthcare												Consolidated
Goodwill			$	546,643					$	28,536											$	575,179
Intangible assets
Indefinite-lived			2,195,617						69,714												2,265,331
Finite-lived			209,604						4,456												214,060
Intangible assets, net			$	2,405,221					74,170												2,479,391
Total			$	2,951,864					$	102,706											$	3,054,570

March 31, 2019 (In thousands)			North American OTC Healthcare						International OTC Healthcare												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

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

			Year Ended March 31,
			2020						2019
United States			$	2,951,864					$	2,971,753
Rest of world			102,706						114,040
Total			$	3,054,570					$	3,085,793

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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