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SEGMENT INFORMATION | 12 Months Ended
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Feb. 28, 2014
SEGMENT INFORMATION |
SEGMENT INFORMATION | NOTE 20 – SEGMENT INFORMATION The following table contains segment information for fiscal years covered by our consolidated financial statements: SEGMENT INFORMATION (in thousands)
|  |  |  | Healthcare / |  | Personal |  |  |
Fiscal Year 2014 |  | Housewares |  | Home Environment |  | Care |  | Total |
Sales revenue, net |  | $ | 274,478 |  | $ | 568,075 |  | $ | 474,600 |  | $ | 1,317,153 |
Asset impairment charges |  | - |  | - |  | 12,049 |  | 12,049 |
Operating income |  | 50,828 |  | 20,764 |  | 45,508 |  | 117,100 |
Identifiable assets |  | 369,698 |  | 676,131 |  | 487,473 |  | 1,533,302 |
Capital and intangible asset expenditures |  | 851 |  | 22,934 |  | 16,678 |  | 40,463 |
Depreciation and amortization |  | 3,539 |  | 20,152 |  | 11,059 |  | 34,750 |
|  |  |  | Healthcare / |  | Personal |  |  |
Fiscal Year 2013 |  | Housewares |  | Home Environment |  | Care |  | Total |
Sales revenue, net |  | $ | 259,042 |  | $ | 538,666 |  | $ | 490,555 |  | $ | 1,288,263 |
Operating income |  | 49,612 |  | 37,772 |  | 61,389 |  | 148,773 |
Identifiable assets |  | 362,378 |  | 645,586 |  | 466,040 |  | 1,474,004 |
Capital and intangible asset expenditures |  | 1,269 |  | 7,795 |  | 5,624 |  | 14,688 |
Depreciation and amortization |  | 4,903 |  | 17,417 |  | 13,008 |  | 35,328 |
|  |  |  | Healthcare / |  | Personal |  |  |
Fiscal Year 2012 |  | Housewares |  | Home Environment |  | Care |  | Total |
Sales revenue, net |  | $ | 237,376 |  | $ | 447,695 |  | $ | 496,605 |  | $ | 1,181,676 |
Operating income |  | 44,884 |  | 32,350 |  | 62,152 |  | 139,386 |
Identifiable assets |  | 362,045 |  | 619,369 |  | 454,309 |  | 1,435,723 |
Capital and intangible asset expenditures |  | 1,781 |  | 4,042 |  | 10,228 |  | 16,051 |
Depreciation and amortization |  | 6,672 |  | 12,502 |  | 11,004 |  | 30,178 |
We compute operating income for each segment based on net sales revenue, less cost of goods sold, 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. In fiscal year 2012, we began making an allocation of corporate overhead to the Healthcare / Home Environment segment. In fiscal years 2014 and 2013, we made certain additional cost allocations to the Healthcare / Home Environment segment that were not made in fiscal year 2012 due to continued operational and system integration. These additional allocations are costs of corporate and operating functions that are shared by our segments. For fiscal years 2014, 2013 and 2012, allocations totaled $28.44, $16.69 and $6.02 million, respectively. Our domestic and international net sales revenue and long-lived assets were as follows: GEOGRAPHIC INFORMATION (in thousands)
|  | Fiscal Years Ended the Last Day of February, |
|  | 2014 |  | 2013 |  | 2012 |
SALES REVENUE, NET: |  |  |  |  |  |  |
United States |  | $ | 1,019,525 |  | $ | 1,014,354 |  | $ | 906,884 |
International |  | 297,628 |  | 273,909 |  | 274,812 |
Total |  | $ | 1,317,153 |  | $ | 1,288,263 |  | $ | 1,181,676 |
LONG-LIVED ASSETS: |  |  |  |  |  |  |
United States |  | $ | 444,788 |  | $ | 515,411 |  | $ | 525,537 |
International: |  |  |  |  |  |  |
Barbados |  | 324,399 |  | 398,340 |  | 406,213 |
Other international |  | 148,639 |  | 15,048 |  | 15,437 |
Subtotal |  | 473,038 |  | 413,388 |  | 421,650 |
Total |  | $ | 917,826 |  | $ | 928,799 |  | $ | 947,187 |
The table above classifies assets based upon the country where we hold legal title. Worldwide sales to our largest customer and its affiliates accounted for approximately 19, 19 and 20 percent of our net sales revenue in fiscal years 2014, 2013 and 2012, respectively. Sales to this customer are made within the Personal Care and Healthcare / Home Environment segments. Of these sales, approximately 92, 91 and 93 percent were within the U.S. during fiscal years 2014, 2013 and 2012, respectively. Sales to our second largest customer accounted for approximately 11 percent of our net sales revenue in each of the fiscal years ending 2014, 2013 and 2012, respectively. Sales to this customer are made across all segments, primarily within the United States and Canada. No other customers accounted for 10 percent or more of net sales revenue during those fiscal years.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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