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Segment Reporting
12 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

12. Segment Information

The Company manages its business on the basis of two reportable segments — the primary segment is the packaging and sale of fruits and vegetables and secondarily, the packaging and sale of snack products. The Company markets its product almost entirely in the United States. Export sales represented 9.0%, 9.2%, and 9.8% of total sales in 2015, 2014, and 2013, respectively. In 2015, 2014, and 2013, the sale of Green Giant vegetables accounted for 13%, 13%, and 13% of net sales, respectively. “Other” in the table below represents activity related to can sales, trucking, seed sales, and flight operations.

Fruit and
VegetableSnackOtherTotal
(In thousands)
2015:
Net sales$1,246,115$11,667$28,568$1,286,350
Operating income 17,65977971019,148
Interest expense, net5,57212725,656
Income tax expense 3,7752252214,221
Identifiable assets797,8863,2354,573805,694
Capital expenditures22,1771571,40023,734
Depreciation and amortization20,4453671,02221,834
2014:
Net sales$1,302,857$11,496$25,855$1,340,208
Operating income 21,0638721,66923,604
Interest expense, net6,113271226,262
Income tax expense 3,1181892563,563
Identifiable assets761,0783,7704,005768,853
Capital expenditures17,339-2,10919,448
Depreciation and amortization21,8423941,04523,281
2013:
Net sales$1,243,107$11,357$21,833$1,276,297
Operating income 70,31317444770,934
Interest expense, net7,319351327,486
Income tax expense21,8315315122,035
Identifiable assets791,6434,0382,775798,456
Capital expenditures16,125-24616,371
Depreciation and amortization22,14640470123,251

The fruit and vegetable segment, consisting of GMOL, canned fruit and vegetables and frozen products, represented 99%, 99% and 99% of assets and 102%, 93% and 101% of pre-tax earnings in 2015, 2014 and 2013, respectively.

Classes of similar products/services:201520142013
(In thousands)
Net Sales:
GMOL *$161,993$177,881$165,684
Canned vegetables754,556753,318746,892
Frozen *94,648107,10984,935
Fruit234,918264,549245,596
Snack11,66711,49611,357
Other28,56825,85521,833
Total$1,286,350$1,340,208$1,276,297
* GMOL includes frozen vegetables exclusively for GMOL.