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Segment Information
 3 Months Ended
May 31, 2013
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 MAY 31, 2013 AND 2012

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare /

 

Personal

 

 

May 31, 2013

 

Housewares

 

Home Environment

 

Care

 

Total

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

 63,530

 

$

 125,602

 

$

 115,384

 

$

 304,516

Asset impairment charges

 

-    

 

-    

 

12,049

 

12,049

Operating income

 

12,456

 

6,536

 

1,634

 

20,626

Capital and intangible asset expenditures

 

214

 

16,105

 

681

 

17,000

Depreciation and amortization

 

1,019

 

4,781

 

2,647

 

8,447

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare /

 

Personal

 

 

May 31, 2012

 

Housewares

 

Home Environment

 

Care

 

Total

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

 60,249

 

$

 122,410

 

$

 117,552

 

$

 300,211

Operating income

 

11,277

 

7,991

 

11,880

 

31,148

Capital and intangible asset expenditures

 

191

 

922

 

2,255

 

3,368

Depreciation and amortization

 

1,298

 

4,535

 

3,267

 

9,100

 

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 asset impairment charges associated with the segment. The SG&A used to compute each segment’s operating income is directly associated with the segment, plus overhead expenses that are 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 facility square footage.  We do not allocate non-operating income and expense, including interest or income taxes to operating segments.