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Segment Information
 6 Months Ended
Aug. 31, 2012
Segment Information  
Segment Information

Note 5 – Segment Information

 

The following tables contain segment information for the periods covered in the accompanying consolidated condensed statements of income:

 

THREE MONTHS ENDED AUGUST 31, 2012 AND 2011

(in thousands)

 

 

Personal

 

 

 

Healthcare / Home

 

 

 

August 31, 2012

 

Care

 

Housewares

 

Environment

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

112,364

 

$

64,570

 

$

110,477

 

$

287,411

 

Operating income

 

11,880

 

12,078

 

6,883

 

30,841

 

Capital and intangible asset expenditures

 

864

 

326

 

1,202

 

2,392

 

Depreciation and amortization

 

3,242

 

1,278

 

4,175

 

8,695

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Healthcare / Home

 

 

 

August 31, 2011

 

Care

 

Housewares

 

Environment

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

115,296

 

$

63,848

 

$

98,276

 

$

277,420

 

Operating income

 

11,155

 

11,973

 

7,221

 

30,349

 

Capital and intangible asset expenditures

 

3,736

 

385

 

822

 

4,943

 

Depreciation and amortization

 

2,582

 

1,398

 

2,617

 

6,597

 

 

SIX MONTHS ENDED AUGUST 31, 2012 AND 2011

(in thousands)

 

 

Personal

 

 

 

Healthcare / Home

 

 

 

August 31, 2012

 

Care

 

Housewares

 

Environment

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

229,916

 

$

124,819

 

$

232,887

 

$

587,622

 

Operating income

 

23,760

 

23,355

 

14,874

 

61,989

 

Capital and intangible asset expenditures

 

3,119

 

517

 

2,124

 

5,760

 

Depreciation and amortization

 

6,509

 

2,576

 

8,710

 

17,795

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Healthcare / Home

 

 

 

August 31, 2011

 

Care

 

Housewares

 

Environment

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

238,014

 

$

116,794

 

$

194,079

 

$

548,887

 

Operating income

 

31,007

 

22,838

 

7,158

 

61,003

 

Capital and intangible asset expenditures

 

4,633

 

965

 

1,381

 

6,979

 

Depreciation and amortization

 

5,243

 

2,839

 

5,609

 

13,691

 

 

We compute operating income for each segment based on net sales revenue, less cost of goods sold, selling, general and administrative expense (“SG&A”), and any impairment charges associated with the segment. SG&A used to compute each segment’s operating income is directly associated with the segment, plus overhead expenses allocable to the segment.  We make allocations of overhead between operating segments using a number of relevant allocation criteria, depending on the nature of the expense, the most significant of which are relative revenues, estimates of relative labor expenditures, headcount, and facilities square footage.  In fiscal 2013, we began making certain additional cost allocations to the Healthcare / Home Environment segment that were not made in fiscal 2012.  These allocations are costs of corporate and operating functions that are shared by our segments.  We made this change because we now have a complete fiscal year’s operating experience with the Healthcare / Home Environment segment.  In the past year, we have integrated certain of the segment’s corporate and operating functions into consolidated corporate and shared operating functions. For the three- and six-month periods ended August 31, 2012, the allocation totaled $4.10 and $8.22 million, respectively, compared to $1.51 and $3.01 million, respectively, for the same periods last year.  We do not allocate nonoperating income and expense, interest or income taxes to operating segments.