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Operating Segments
 9 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Operating Segments
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 December 31,
 
Nine Months Ended December 31,
(in thousands of dollars)
 
2013
 
2012
 
2013
 
2012
 
 
 
 
 
 
 
 
 
SALES AND OTHER OPERATING REVENUES
 
 
 
 
 
 
 
 
Flue-cured and burley leaf tobacco operations:
 
 
 
 
 
 
 
 
North America
 
$
105,430

 
$
85,521

 
$
250,548

   
$
205,377

Other regions (1)
 
616,038

 
551,903

 
1,442,908

   
1,461,417

Subtotal
 
721,468

 
637,424

 
1,693,456

 
1,666,794

Other tobacco operations (2)
 
46,334

 
42,605

 
158,743

   
149,813

Consolidated sales and other operating revenues
 
$
767,802

 
$
680,029

 
$
1,852,199

 
$
1,816,607

 
 
 
 
 
 
 
 
 
OPERATING INCOME
 
 
 
 
 
 
 
 
Flue-cured and burley leaf tobacco operations:
 
 
 
 
 
 
 
 
North America
 
$
7,728

   
$
5,235

 
$
18,622

   
$
9,764

Other regions (1)
 
65,527

   
59,292

 
102,797

   
168,068

Subtotal
 
73,255

 
64,527

 
121,419

 
177,832

Other tobacco operations (2)
 
1,373

   
(1,255
)
 
8,881

   
8,090

Segment operating income
 
74,628

 
63,272

 
130,300

 
185,922

Deduct: Equity in pretax (earnings) loss of unconsolidated affiliates (3)
 
(1,789
)
 
1,241

 
(1,755
)
 
192

Restructuring costs (4)
 
(3,400
)
 
—

 
(4,708
)
 
(3,687
)
Add: Other income (5)
 
—

 
—

 
81,619

 
—

Consolidated operating income
 
$
69,439

 
$
64,513

 
$
205,456

 
$
182,427


(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) 
Equity in pretax (earnings) loss of unconsolidated affiliates is included in segment operating income (Other Tobacco Operations segment), but is reported below consolidated operating income and excluded from that total in the consolidated statements of income and comprehensive income.
(4) 
Restructuring costs are excluded from segment operating income, but are included in consolidated operating income in the consolidated statements of income and comprehensive income.
(5) 
Other income represents the gain on the favorable outcome of the IPI tax credit case in Brazil (see Note 3). This item is excluded from segment operating income, but is included in consolidated operating income in the consolidated statements of income and comprehensive income.