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Segment Information
 9 Months Ended
Nov. 30, 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 NOVEMBER 30, 2013 AND 2012

(in thousands)

 

 

 

 

Healthcare /

 

Personal

 

 

 

 

 

 

 

 

 

 

 

 

 

November 30, 2013

 

Housewares

 

Home Environment

 

Care

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

74,776

 

$

165,752

 

$

140,202

 

$

380,730

 

Asset impairment charges

 

-    

 

-    

 

-    

 

-    

 

Operating income

 

15,278

 

10,665

 

23,450

 

49,393

 

Capital and intangible asset expenditures

 

193

 

3,207

 

585

 

3,985

 

Depreciation and amortization

 

897

 

5,349

 

2,726

 

8,972

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare /

 

Personal

 

 

 

 

 

 

 

 

 

 

 

 

 

November 30, 2012

 

Housewares

 

Home Environment

 

Care

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

67,787

 

$

158,174

 

$

148,638

 

$

374,599

 

Operating income

 

13,927

 

11,323

 

21,802

 

47,052

 

Capital and intangible asset expenditures

 

118

 

230

 

297

 

645

 

Depreciation and amortization

 

1,177

 

4,376

 

3,243

 

8,796

 

 

 

 

 

 

 

 

 

 

 

NINE MONTHS ENDED NOVEMBER 30, 2013 AND 2012

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare /

 

Personal

 

 

 

 

 

 

 

 

 

 

 

 

 

November 30, 2013

 

Housewares

 

Home Environment

 

Care

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

208,471

 

$

424,398

 

$

371,764

 

$

1,004,633

 

Asset impairment charges

 

-    

 

-    

 

12,049

 

12,049

 

Operating income

 

41,506

 

22,175

 

36,693

 

100,374

 

Capital and intangible asset expenditures

 

574

 

36,321

 

1,668

 

38,563

 

Depreciation and amortization

 

2,946

 

14,897

 

8,018

 

25,861

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare /

 

Personal

 

 

 

 

 

 

 

 

 

 

 

 

 

November 30, 2012

 

Housewares

 

Home Environment

 

Care

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$

192,606

 

$

391,061

 

$

378,554

 

$

962,221

 

Operating income

 

37,282

 

26,197

 

45,562

 

109,041

 

Capital and intangible asset expenditures

 

635

 

2,354

 

3,416

 

6,405

 

Depreciation and amortization

 

3,753

 

13,086

 

9,752

 

26,591

 

 

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.