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SEGMENT AND ENTERPRISE-WIDE INFORMATION
3 Months Ended
Jun. 30, 2018
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, asset impairments, accelerated depreciation and certain legal charges. 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 2019, management reorganized its operating segments such that certain immaterial components of EMEA are now reported as components of All Other. Accordingly, the prior year numbers have been updated to reflect this reclassification as well as other changes within the cost reporting structure that occurred in the first quarter of fiscal 2019. These changes did not have an impact on our ability to aggregate Americas Blood Center and Hospital with Asia - Pacific.
Selected information by business segment is presented below:
 
Three Months Ended
(In thousands)
June 30,
2018
 
July 1,
2017
Net revenues
 
 
 
Japan
$
16,604

 
$
15,232

EMEA
41,288

 
40,439

North America Plasma
91,574

 
77,536

All Other
79,812

 
80,743

Net revenues before foreign exchange impact
229,278

 
213,950

Effect of exchange rates
69

 
(2,999
)
Net revenues
$
229,347

 
$
210,951

 
Three Months Ended
(In thousands)
June 30,
2018
 
July 1,
2017
Segment operating income
 
 
 
Japan
$
8,267

 
$
7,467

EMEA
12,040

 
10,498

North America Plasma
38,596

 
27,200

All Other
33,041

 
30,671

Segment operating income
91,944

 
75,836

  Corporate operating expenses
(54,273
)
 
(48,050
)
  Effect of exchange rates
3,055

 
(2,201
)
Restructuring and turnaround costs
(3,349
)
 
(2,483
)
Deal amortization
(6,300
)
 
(6,491
)
Asset impairments
(21,170
)
 

Accelerated depreciation
(3,939
)
 

Legal charges
(675
)
 

Operating income
$
5,293

 
$
16,611



Our products are organized into three categories for purposes of evaluating their growth potential: Plasma, Blood Center and Hospital. 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
(In thousands)
June 30,
2018
 
July 1,
2017
Plasma
$
116,903

 
$
101,507

Blood Center
64,483

 
65,565

Hospital
47,961

 
43,879

Net revenues
$
229,347

 
$
210,951

Net revenues generated in our principle operating regions on a reported basis are as follows:
 
Three Months Ended
(In thousands)
June 30,
2018
 
July 1,
2017
United States
$
142,140

 
$
131,052

Japan
17,389

 
14,916

Europe
39,002

 
37,222

Asia
29,395

 
25,940

Other
1,421

 
1,821

Net revenues
$
229,347

 
$
210,951