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Operating Segments
 6 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Operating Segments
NOTE 11. OPERATING SEGMENTS

The principal approach used by management to evaluate the Company’s performance is by geographic region, although the dark air-cured and oriental tobacco businesses are each evaluated on the basis of their worldwide operations. The Company evaluates the performance of its segments based on operating income after allocated overhead expenses (excluding significant non-recurring charges or credits), plus equity in the pretax earnings of unconsolidated affiliates.

Operating results for the Company’s reportable segments for each period presented in the consolidated statements of income were as follows:
 
 
Three Months Ended September 30,
 
Six Months Ended September 30,
(in thousands of dollars)
 
2012
 
2011
 
2012
 
2011
 
 
 
 
 
 
 
 
 
SALES AND OTHER OPERATING REVENUES
 
 
 
 
 
 
 
 
Flue-cured and burley leaf tobacco operations:
 
 
 
 
 
 
 
 
North America
 
$
59,370

 
$
67,729

 
$
119,856

   
$
126,358

Other regions (1)
 
571,981

 
535,149

 
909,514

   
893,799

Subtotal
 
631,351

 
602,878

 
1,029,370

 
1,020,157

Other tobacco operations (2)
 
43,836

 
38,148

 
107,208

   
100,334

Consolidated sales and other operating revenues
 
$
675,187

 
$
641,026

 
$
1,136,578

 
$
1,120,491

 
 
 
 
 
 
 
 
 
OPERATING INCOME
 
 
 
 
 
 
 
 
Flue-cured and burley leaf tobacco operations:
 
 
 
 
 
 
 
 
North America
 
$
3,551

   
$
5,053

 
$
4,529

   
$
10,630

Other regions (1)
 
73,935

   
56,441

 
108,776

   
77,350

Subtotal
 
77,486

 
61,494

 
113,305

 
87,980

Other tobacco operations (2)
 
968

   
425

 
9,345

   
3,230

Segment operating income
 
78,454

 
61,919

 
122,650

 
91,210

Deduct: Equity in pretax (earnings) loss of unconsolidated affiliates (3)
 
320

 
(153
)
 
(1,049
)
 
3,336

Restructuring costs (4)
 
(3,687
)
 
(2,962
)
 
(3,687
)
 
(9,821
)
Charge for European Commission fine in Italy (4)
 
—

 
(49,091
)
 
—

 
(49,091
)
Add: Other income (4)
 
—

 
—

 
—

 
9,592

Consolidated operating income
 
$
75,087

 
$
9,713

 
$
117,914

 
$
45,226


(1)
Includes South America, Africa, Europe, and Asia regions, as well as inter-region eliminations.
(2)
Includes Dark Air-Cured, Special Services, and Oriental, as well as inter-company eliminations. Sales and other operating revenues for this reportable segment include limited amounts for Oriental because its financial results consist principally of equity in the pretax earnings of an unconsolidated affiliate.
(3)
Item is included in segment operating income, but is not included in consolidated operating income.
(4)
Item is not included in segment operating income, but is included in consolidated operating income.