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SEGMENT AND ENTERPRISE-WIDE INFORMATION | 6 Months Ended
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Sep. 30, 2017
Segment Reporting [Abstract] |
SEGMENT AND ENTERPRISE-WIDE INFORMATION | SEGMENT AND ENTERPRISE-WIDE INFORMATION We determine our reportable segments by first identifying our operating segments, and then by assessing whether any components of these segments constitute a business for which discrete financial information is available and where segment management regularly reviews the operating results of that component. Our operating segments are based primarily on geography. North America Plasma is a separate operating segment with dedicated segment management due the size and scale of the Plasma business unit. We aggregate components within an operating segment that have similar economic characteristics. The Company’s reportable segments are as follows:
• | Japan
• | EMEA
• | North America Plasma
• | All Other
The Company has aggregated the Americas Blood Center and Hospital and Asia - Pacific operating segments into the All Other reportable segment based upon their similar operational and economic characteristics, including similarity of operating margin. Management measures and evaluates the operating segments based on operating income. Management excludes certain corporate expenses from segment operating income. In addition, certain amounts that management considers to be non-recurring or non-operational are excluded from segment operating income because management evaluates the operating results of the segments excluding such items. These items include restructuring and turnaround costs, deal amortization, and asset impairments. Although these amounts are excluded from segment operating income, as applicable, they are included in the reconciliations that follow. Management measures and evaluates the Company's net revenues and operating income using internally derived standard currency exchange rates that remain constant from year to year; therefore, segment information is presented on this basis. During the first quarter of fiscal 2018, management changed the cost reporting structure such that a portion of corporate expenses were reclassified into the operating segments. Accordingly, the prior year numbers have been updated to reflect this reclassification. Selected information by business segment is presented below:
| Three Months Ended |  | Six Months Ended
(In thousands) | September 30, 2017 |  | October 1, 2016 |  | September 30, 2017 |  | October 1, 2016
Net revenues |  |  |  |  |  |  |
Japan | $ | 17,164 |  |  | $ | 18,991 |  |  | $ | 32,396 |  |  | $ | 33,557 |
EMEA | 43,786 |  |  | 45,933 |  |  | 86,794 |  |  | 91,674 |
North America Plasma | 85,051 |  |  | 78,292 |  |  | 162,587 |  |  | 151,767 |
All Other | 80,193 |  |  | 78,411 |  |  | 158,367 |  |  | 156,431 |
Net revenues before foreign exchange impact | 226,194 |  |  | 221,627 |  |  | 440,144 |  |  | 433,429 |
Effect of exchange rates | (817 | ) |  | (1,374 | ) |  | (3,816 | ) |  | (3,220 | )
Net revenues | $ | 225,377 |  |  | $ | 220,253 |  |  | $ | 436,328 |  |  | $ | 430,209 |
| Three Months Ended |  | Six Months Ended
(In thousands) | September 30, 2017 |  | October 1, 2016 |  | September 30, 2017 |  | October 1, 2016
Segment operating income |  |  |  |  |  |  |
Japan | $ | 7,877 |  |  | $ | 9,017 |  |  | $ | 14,615 |  |  | $ | 15,173 |
EMEA | 8,239 |  |  | 8,577 |  |  | 16,810 |  |  | 16,853 |
North America Plasma | 32,184 |  |  | 26,151 |  |  | 56,286 |  |  | 51,318 |
All Other | 30,052 |  |  | 30,946 |  |  | 57,738 |  |  | 58,116 |
Segment operating income | 78,352 |  |  | 74,691 |  |  | 145,449 |  |  | 141,460 |
Corporate operating expenses | (42,905 | ) |  | (41,921 | ) |  | (82,216 | ) |  | (88,059 | )
Effect of exchange rates | 1,102 |  |  | 667 |  |  | (1,099 | ) |  | (639 | )
Restructuring and turnaround costs | (5,787 | ) |  | (1,637 | ) |  | (8,270 | ) |  | (20,453 | )
Deal amortization | (6,504 | ) |  | (7,006 | ) |  | (12,995 | ) |  | (14,081 | )
Asset impairments | — |  |  | — |  |  | — |  |  | (1,315 | )
Operating income | $ | 24,258 |  |  | $ | 24,794 |  |  | $ | 40,869 |  |  | $ | 16,913 |
Our products are organized into four categories for purposes of evaluating their growth potential: Plasma, Blood Center, Cell Processing and Hemostasis Management. Management reviews revenue trends based on these business units; however, no other financial information is currently available on this basis. Net revenues by business unit are as follows:
| Three Months Ended | Six Months Ended
(In thousands) | September 30, 2017 |  | October 1, 2016 |  | September 30, 2017 |  | October 1, 2016
Plasma | $ | 109,771 |  |  | $ | 103,564 |  |  | $ | 211,278 |  |  | $ | 201,213 |
Blood Center | 71,710 |  |  | 74,270 |  |  | 137,275 |  |  | 145,213 |
Cell Processing | 25,764 |  |  | 25,955 |  |  | 52,100 |  |  | 52,031 |
Hemostasis Management | 18,132 |  |  | 16,464 |  |  | 35,675 |  |  | 31,752 |
Net revenues | $ | 225,377 |  |  | $ | 220,253 |  |  | $ | 436,328 |  |  | $ | 430,209 |
Net revenues generated in our principle operating regions on a reported basis are as follows:
| Three Months Ended |  | Six Months Ended
(In thousands) | September 30, 2017 |  | October 1, 2016 |  | September 30, 2017 |  | October 1, 2016
United States | $ | 138,779 |  |  | $ | 130,843 |  |  | $ | 269,831 |  |  | $ | 256,543 |
Japan | 16,732 |  |  | 21,666 |  |  | 31,648 |  |  | 36,630 |
Europe | 39,133 |  |  | 37,606 |  |  | 76,355 |  |  | 77,973 |
Asia | 28,831 |  |  | 28,384 |  |  | 54,771 |  |  | 55,376 |
Other | 1,902 |  |  | 1,754 |  |  | 3,723 |  |  | 3,687 |
Net revenues | $ | 225,377 |  |  | $ | 220,253 |  |  | $ | 436,328 |  |  | $ | 430,209 |

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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://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=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 Reference 3: 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=68060357&loc=d3e8971-108599 Reference 4: 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=68060357&loc=d3e8595-108599 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=68060357&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 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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 Reference 10: 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=68060357&loc=d3e9054-108599 Reference 11: 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=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 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=68060357&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 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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