Operating Segments (Tables)

9 Months Ended

Dec. 31, 2019

Operating Results For The Company's Reportable Segments

Operating results for the Company’s reportable segments for each period presented in the consolidated statements of income and comprehensive income were as follows:



	Three Months Ended December 31,					Nine Months Ended December 31,
(in thousands of dollars)	2019		2018			2019			2018

SALES AND OTHER OPERATING REVENUES
Flue-Cured and Burley Leaf Tobacco Operations:
North America	$	49,378	$	78,009		$	134,649		$	261,347
Other Regions ⁽¹⁾	386,261		483,161			944,083			1,089,180
Subtotal	435,639		561,170			1,078,732			1,350,527
Other Tobacco Operations ⁽²⁾	69,410		74,937			199,153			204,903
Consolidated sales and other operating revenue	$	505,049	$	636,107		$	1,277,885		$	1,555,430

OPERATING INCOME
Flue-Cured and Burley Leaf Tobacco Operations:
North America	$	352	$	3,147		$	6,714		$	20,395
Other Regions ⁽¹⁾	39,430		53,283			68,140			96,828
Subtotal	39,782		56,430			74,854			117,223
Other Tobacco Operations ⁽²⁾	4,264		6,210			22,255			8,081
Segment operating income	44,046		62,640			97,109			125,304
Deduct: Equity in pretax (earnings) loss of unconsolidated affiliates ⁽³⁾	69		(5,512		)	(2,281		)	(5,437		)
Restructuring and impairment costs ⁽⁴⁾	—		(19,447		)	—			(19,447		)
Consolidated operating income	$	44,115	$	37,681		$	94,828		$	100,420


⁽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 the business is accounted for on the equity method and its financial results consist principally of equity in the pretax earnings (loss) of unconsolidated affiliates.


⁽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 and impairment costs are excluded from segment operating income, but are included in consolidated operating income in the consolidated statements of income and comprehensive income.