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Segment Information
 6 Months Ended
Aug. 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 AUGUST 31, 2013 AND 2012

(in thousands)

 

 

 

 

Healthcare /

 

 

Personal

 

 

 

 

August 31, 2013

 

 

Housewares

 

 

Home Environment

 

 

Care

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

70,165

 

$

133,044

 

$

116,178

 

$

319,387

 

Asset impairment charges

 

-    

 

-    

 

-    

 

-    

 

Operating income

 

13,772

 

4,974

 

11,610

 

30,356

 

Capital and intangible asset expenditures

 

167

 

17,009

 

402

 

17,578

 

Depreciation and amortization

 

1,030

 

4,767

 

2,645

 

8,442

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare /

 

 

Personal

 

 

 

 

August 31, 2012

 

 

Housewares

 

 

Home Environment

 

 

Care

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

64,570

 

$

110,477

 

$

112,364

 

$

287,411

 

Operating income

 

12,078

 

6,883

 

11,880

 

30,841

 

Capital and intangible asset expenditures

 

326

 

1,202

 

864

 

2,392

 

Depreciation and amortization

 

1,278

 

4,175

 

3,242

 

8,695

 

 

SIX MONTHS ENDED AUGUST 31, 2013 AND 2012

(in thousands)

 

 

 

 

Healthcare /

 

 

Personal

 

 

 

 

August 31, 2013

 

 

Housewares

 

 

Home Environment

 

 

Care

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

133,695

 

$

258,646

 

$

231,562

 

$

623,903

 

Asset impairment charges

 

-    

 

-    

 

12,049

 

12,049

 

Operating income

 

26,228

 

11,510

 

13,243

 

50,981

 

Capital and intangible asset expenditures

 

381

 

33,114

 

1,083

 

34,578

 

Depreciation and amortization

 

2,049

 

9,548

 

5,292

 

16,889

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare /

 

 

Personal

 

 

 

 

August 31, 2012

 

 

Housewares

 

 

Home Environment

 

 

Care

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

124,819

 

$

232,887

 

$

229,916

 

$

587,622

 

Operating income

 

23,355

 

14,874

 

23,760

 

61,989

 

Capital and intangible asset expenditures

 

517

 

2,124

 

3,119

 

5,760

 

Depreciation and amortization

 

2,576

 

8,710

 

6,509

 

17,795

 

 

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 nonoperating income and expense, including interest or income taxes to operating segments.