XML 62 R24.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Reporting | 12 Months Ended
--- | ---
Mar. 31, 2014
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | 1 3. Segment Information The Company manages its business on the basis of two reportable segments — th e primary segment is the packag ing and sale of fruits and vegetables and secondarily, the packag ing and sale of snack products. The Company markets its product almost entirely in the United States. Export sales represent ed 9.2%, 9.8%, and 9.4% of total sales in 201 4, 20 1 3, and 20 1 2, respectively. In 201 4, 20 1 3, and 201 2, the sale of Green Giant vegetables accounted for 1 3%, 1 3%, and 1 3% 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)
2014: |  |  |  |  |  |  |  |
Net sales | $ | 1,302,857 | $ | 11,496 | $ | 25,855 | $ | 1,340,208
Operating income |  | 21,063 |  | 872 |  | 1,669 |  | 23,604
Interest expense, net |  | 6,113 |  | 27 |  | 122 |  | 6,262
Income tax expense |  | 3,118 |  | 189 |  | 256 |  | 3,563
Identifiable assets |  | 761,078 |  | 3,770 |  | 4,005 |  | 768,853
Capital expenditures |  | 17,339 |  | 0 |  | 2,109 |  | 19,448
Depreciation and amortization |  | 21,842 |  | 394 |  | 1,045 |  | 23,281
2013: |  |  |  |  |  |  |  |
Net sales | $ | 1,243,107 | $ | 11,357 | $ | 21,833 | $ | 1,276,297
Operating income |  | 70,313 |  | 174 |  | 447 |  | 70,934
Interest expense, net |  | 7,319 |  | 35 |  | 132 |  | 7,486
Income tax expense |  | 21,831 |  | 53 |  | 151 |  | 22,035
Identifiable assets |  | 791,643 |  | 4,038 |  | 2,775 |  | 798,456
Capital expenditures |  | 16,125 |  | 0 |  | 246 |  | 16,371
Depreciation and amortization |  | 22,146 |  | 404 |  | 701 |  | 23,251
2012: |  |  |  |  |  |  |  |
Net sales | $ | 1,226,408 | $ | 11,730 | $ | 19,667 | $ | 1,257,805
Operating income (loss) |  | 25,955 |  | (714) |  | 382 |  | 25,623
Interest expense, net |  | 7,929 |  | 47 |  | 126 |  | 8,102
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
The fruit and vegetable segment, consisting of GMOL, canned fruit and vegetables and frozen products, represented 99%, 99% and 99% of assets and 93%, 10 1% and 10 7% of pre-tax earnings in 201 4, 201 3 and 20 1 2, respectively.
Classes of similar products/services: |  | 2014 |  | 2013 |  | 2012
|  | (In thousands)
Net Sales: |  |  |  |  |  |
GMOL * | $ | 177,881 | $ | 165,684 | $ | 166,231
Canned vegetables |  | 753,318 |  | 746,892 |  | 743,123
Frozen * |  | 107,109 |  | 84,935 |  | 96,870
Fruit |  | 264,549 |  | 245,596 |  | 220,184
Snack |  | 11,496 |  | 11,357 |  | 11,730
Other |  | 25,855 |  | 21,833 |  | 19,667
Total | $ | 1,340,208 | $ | 1,276,297 | $ | 1,257,805
* GMOL includes frozen vegetables exclusively for GMOL.

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration