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Segment Information
 9 Months Ended
Nov. 30, 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 NOVEMBER 30, 2012 AND 2011

(in thousands)

 

 

 

Personal

 

 

 

Healthcare / Home

 

 

 

November 30, 2012

 

Care

 

Housewares

 

Environment

 

Total

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

148,638

 

$

67,787

 

$

158,174

 

$

374,599

 

Operating income

 

21,802

 

13,927

 

11,323

 

47,052

 

Capital and intangible asset expenditures

 

297

 

118

 

230

 

645

 

Depreciation and amortization

 

3,243

 

1,177

 

4,376

 

8,796

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Healthcare / Home

 

 

 

November 30, 2011

 

Care

 

Housewares

 

Environment

 

Total

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

148,984

 

$

61,223

 

$

128,578

 

$

338,785

 

Operating income

 

17,292

 

11,016

 

13,520

 

41,828

 

Capital and intangible asset expenditures

 

1,876

 

521

 

1,862

 

4,259

 

Depreciation and amortization

 

2,640

 

1,765

 

2,970

 

7,375

 

 

NINE MONTHS ENDED NOVEMBER, 2012 AND 2011

(in thousands)

 

 

 

Personal

 

 

 

Healthcare / Home

 

 

 

November 30, 2012

 

Care

 

Housewares

 

Environment

 

Total

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

378,554

 

$

192,606

 

$

391,061

 

$

962,221

 

Operating income

 

45,562

 

37,282

 

26,197

 

109,041

 

Capital and intangible asset expenditures

 

3,416

 

635

 

2,354

 

6,405

 

Depreciation and amortization

 

9,752

 

3,753

 

13,086

 

26,591

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Healthcare / Home

 

 

 

November 30, 2011

 

Care

 

Housewares

 

Environment

 

Total

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

386,998

 

$

178,017

 

$

322,657

 

$

887,672

 

Operating income

 

48,299

 

33,854

 

20,678

 

102,831

 

Capital and intangible asset expenditures

 

6,509

 

1,486

 

3,243

 

11,238

 

Depreciation and amortization

 

7,883

 

4,604

 

8,579

 

21,066

 

 

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 additional allocations are costs of corporate and operating functions that are shared by our segments.  In the past year, we have integrated certain of the segment’s corporate and operating functions into consolidated corporate and shared operating functions.  In fiscal 2012, the Healthcare / Home Environment segment did not utilize these corporate and shared operating functions as extensively as in fiscal 2013. For the three- and nine-month periods ended November 30, 2012, the allocation totaled $4.25 and $12.47 million, respectively, compared to $1.51 and $4.52 million, respectively, for the same periods last year.  We do not allocate nonoperating income and expense, interest or income taxes to operating segments.