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Segment Information
 9 Months Ended
Nov. 30, 2014
Segment Information  
Segment Information

Note 6 –Segment Information

 

The following tables contain segment information for the periods covered below:

 

THREE MONTHS ENDED NOVEMBER 30, 2014 AND 2013

(in thousands)

 

 

 

 

Healthcare /

 

Nutritional

 

Personal

 

 

 

November 30, 2014

 

Housewares

 

Home Environment

 

Supplements (1)

 

Care

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$
85,984 

 

$
176,994 

 

$
38,462 

 

$
134,234 

 

$
435,674 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset impairment charges

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 
18,275 

 
18,694 

 
6,214 

 
21,860 

 
65,043 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital and intangible asset expenditures

 
233 

 
535 

 
211 

 
226 

 
1,205 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 
892 

 
5,125 

 
2,032 

 
2,533 

 
10,582 

 

 

 

 

 

 

Healthcare /

 

Nutritional

 

Personal

 

 

 

November 30, 2013

 

Housewares

 

Home Environment

 

Supplements (1)

 

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

 
871 

 
5,149 

 

-

 
2,726 

 
8,746 

 

 

NINE MONTHS ENDED NOVEMBER 30, 2014 AND 2013

(in thousands)

 

 

 

 

Healthcare /

 

Nutritional

 

Personal

 

 

 

November 30, 2014

 

Housewares

 

Home Environment

 

Supplements (1)

 

Care

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales revenue, net

 

$
222,377 

 

$
445,701 

 

$
63,096 

 

$
336,227 

 

$
1,067,401 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset impairment charges

 

-

 

-

 

-

 
9,000 

 
9,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 
45,201 

 
31,919 

 
6,324 

 
29,325 

 
112,769 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital and intangible asset expenditures

 
1,275 

 
2,022 

 
388 

 
1,208 

 
4,893 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 
2,669 

 
15,384 

 
3,391 

 
7,631 

 
29,075 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare /

 

Nutritional

 

Personal

 

 

 

November 30, 2013

 

Housewares

 

Home Environment

 

Supplements (1)

 

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

 
2,868 

 
14,298 

 

-

 
8,018 

 
25,184 

 

 

(1)

The Nutritional Supplements segment includes three- and five-months of operating results, respectively, for the fiscal quarter and year-to-date ended November 30, 2014, as the segment was acquired on June 30, 2014. Operating income includes acquisition-related expenditures of $3.61 million for the five months of operating results included in the fiscal year-to-date ended November 30, 2014. For further information regarding the acquisition, see Note 10 to these consolidated condensed financial statements.

 

We compute segment operating income 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.  The operations for the Nutritional Supplements segment do not include any allocation of corporate costs for fiscal year 2015.  As the new segment is further integrated into our operating structure, we expect to make an allocation of corporate costs to the segment in future fiscal years. When we decide such allocations are appropriate, there may be some reduction in the operating income of the Nutritional Supplements segment offset by increases in operating income of our other segments. The extent of this operating income impact between the segments has not yet been determined.  We do not allocate nonoperating income and expense, including interest or income taxes, to operating segments.