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Segment Reporting
 12 Months Ended
Mar. 31, 2012
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

13. Segment Information

 

The Company manages its business on the basis of two reportable segments — the primary segment is the processing and sale of fruits and vegetables and secondarily, the processing and sale of snack products. The Company markets its product almost entirely in the United States. Export sales represented 9.4%, 8.9%, and 7.9% of total sales in 2012, 2011, and 2010, respectively. In 2012, 2011, and 2010, the sale of Green Giant vegetables accounted for 13%, 16%, and 19% of net sales, respectively. “Other” in the table below represents activity related to can sales, trucking, seed sales, and flight operations.

  Fruit and       
  Vegetable Snack Other Total
  (In thousands)
2012:        
Net Sales 1,230,424 11,730 19,667 1,261,821
Operating income (loss) 25,955 (714) 382 25,623
Income tax expense (benefit) 6,398 (247) 114 6,265
Identifiable assets 730,147 4,739 3,150 738,036
Capital expenditures 25,636 22 1,767 27,425
Depreciation and amortization 21,780 475 436 22,691
         
2011:        
Net Sales 1,166,431 10,604 17,577 1,194,612
Operating income (loss) 32,641 (731) 384 32,294
Income tax expense (benefit) 5,895 (181) 82 5,796
Identifiable assets 736,982 5,891 1,835 744,708
Capital expenditures 18,733 740 0 19,473
Depreciation and amortization 21,632 509 440 22,581
         
2010:        
Net Sales 1,239,084 21,287 19,739 1,280,110
Operating income (loss) 85,106 327 (435) 84,998
Income tax expense (benefit) 27,014 97 (162) 26,949
Identifiable assets 711,058 6,293 1,982 719,333
Capital expenditures 20,714 69 0 20,783
Depreciation and amortization 21,502 484 429 22,415

The fruit and vegetable segment, consisting of GMOL, canned fruit and vegetables and frozen products, represented 99%, 99% and 99% of assets and 107%, 105% and 101% of pre-tax earnings in 2012, 2011 and 2010, respectively.

Classes of similar products/services: 2012 2011 2010
  (In thousands)
Net sales:      
GMOL *$166,231$191,526$239,622
Canned vegetables 746,535 692,574 750,751
Frozen * 96,870 86,904 48,320
Fruit 220,788 195,427 200,391
Snack 11,730 10,604 21,287
Other 19,667 17,577 19,739
Total$1,261,821$1,194,612$1,280,110
       
* GMOL includes frozen vegetables exclusively for GMOL.