Operating Segments (Tables)

6 Months Ended

Sep. 30, 2012

Operating Results For The Company's Reportable Segments



	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.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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