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Segment Information
 6 Months Ended
Aug. 31, 2015
Segment Information  
Segment Information

Note 5 – Segment Information

 

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

 

THREE MONTHS ENDED

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare /

 

Nutritional

 

 

 

 

 

August 31, 2015

    

Housewares

    

Home Environment

    

Supplements (1)

    

Beauty

    

Total

Sales revenue, net

 

$
78,848

 

$
143,254

 

$
38,048

 

$
108,979

 

$
369,129

Asset impairment charges

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Operating income

 

 
15,142

 

 
4,808

 

 
2,969

 

 
9,513

 

 
32,432

Capital and intangible asset expenditures

 

 
291

 

 
1,224

 

 
775

 

 
939

 

 
3,229

Depreciation and amortization

 

 
1,075

 

 
5,514

 

 
1,965

 

 
2,319

 

 
10,873

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare /

 

Nutritional

 

 

 

 

 

August 31, 2014

    

Housewares

    

Home Environment

    

Supplements (1)

    

Beauty

    

Total

Sales revenue, net

 

$
69,637

 

$
126,218

 

$
24,634

 

$
99,460

 

$
319,949

Asset impairment charges

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Operating income

 

 
13,891

 

 
4,508

 

 
110

 

 
6,094

 

 
24,603

Capital and intangible asset expenditures

 

 
218

 

 
1,081

 

 
177

 

 
390

 

 
1,866

Depreciation and amortization

 

 
889

 

 
5,027

 

 
1,359

 

 
2,718

 

 
9,993

(1)

Includes three- and two-months of operations of the Nutritional Supplements segment for the three months ending August 31, 2015 and 2014, respectively. The segment was formed upon the acquisition of Healthy Directions on June 30, 2014.

 

SIX MONTHS ENDED

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare /

 

Nutritional

 

 

 

 

 

August 31, 2015

    

Housewares

    

Home Environment

    

Supplements (1)

    

Beauty

    

Total

Sales revenue, net

 

$
144,034

 

$
286,296

 

$
77,488

 

$
206,656

 

$
714,474

Asset impairment charges

 

 

 -

 

 

 -

 

 

 -

 

 
3,000

 

 
3,000

Operating income

 

 
26,325

 

 
13,226

 

 
5,589

 

 
13,835

 

 
58,975

Capital and intangible asset expenditures

 

 
616

 

 
1,524

 

 
1,906

 

 
1,900

 

 
5,946

Depreciation and amortization

 

 
2,083

 

 
10,577

 

 
3,933

 

 
4,634

 

 
21,227

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Healthcare /

 

Nutritional

 

 

 

 

 

August 31, 2014

    

Housewares

    

Home Environment

    

Supplements (1)

    

Beauty

    

Total

Sales revenue, net

 

$
136,393

 

$
268,707

 

$
24,634

 

$
201,993

 

$
631,727

Asset impairment charges

 

 

 -

 

 

 -

 

 

 -

 

 
9,000

 

 
9,000

Operating income

 

 
26,926

 

 
13,225

 

 
110

 

 
7,465

 

 
47,726

Capital and intangible asset expenditures

 

 
1,042

 

 
1,487

 

 
177

 

 
982

 

 
3,688

Depreciation and amortization

 

 
1,777

 

 
10,259

 

 
1,359

 

 
5,098

 

 
18,493

(1)

Includes six- and two-months of operations of the Nutritional Supplements segment for the six months ending August 31, 2015 and 2014, respectively. The segment was formed upon the acquisition of Healthy Directions on June 30, 2014.

 

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 shared service and corporate overhead expenses that are allocable to the segment. In fiscal year 2016, we began making an allocation of shared service and corporate overhead costs to the Nutritional Supplements segment. For the three- and six-months ended August 31, 2015, those allocations totaled $0.86 and $1.60 million, respectively. We do not allocate nonoperating income and expense, including interest or income taxes, to operating segments.