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Operating Segments
 3 Months Ended
Jun. 30, 2014
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 June 30,
(in thousands of dollars)
 
2014
 
2013
 
 
 
 
 
SALES AND OTHER OPERATING REVENUES
 
 
 
 
Flue-cured and burley leaf tobacco operations:
 
 
 
 
North America
 
$
31,698

 
$
64,151

Other regions (1)
 
197,572

 
296,260

Subtotal
 
229,270

 
360,411

Other tobacco operations (2)
 
42,202

 
73,117

Consolidated sales and other operating revenues
 
$
271,472

 
$
433,528

 
 
 
 
 
OPERATING INCOME (LOSS)
 
 
 
 
Flue-cured and burley leaf tobacco operations:
 
 
 
 
North America
 
$
1,679

   
$
2,355

Other regions (1)
 
(10,575
)
   
(5,184
)
Subtotal
 
(8,896
)
 
(2,829
)
Other tobacco operations (2)
 
1,260

   
9,207

Segment operating income (loss)
 
(7,636
)
 
6,378

Deduct: Equity in pretax earnings of unconsolidated affiliates (3)
 
(601
)
 
(1,529
)
Add: Other income (4)
 
—

 
81,619

Consolidated operating income (loss)
 
$
(8,237
)
 
$
86,468


(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 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) 
Other income represents the gain on the favorable outcome of the IPI tax credit case in Brazil. This item is excluded from segment operating income, but is included in consolidated operating income in the consolidated statements of income and comprehensive income.