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Segment Information
 9 Months Ended
Nov. 30, 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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nutritional

 

 

 

 

 

November 30, 2015

    

Housewares

    

Health & Home

    

Supplements

    

Beauty

    

Total

Sales revenue, net

 

$
87,816

 

$
186,418

 

$
37,492

 

$
133,777

 

$
445,503

Asset impairment charges

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Operating income (2)

 

 
15,536

 

 
18,072

 

 
3,034

 

 
18,991

 

 
55,633

Capital and intangible asset expenditures

 

 
406

 

 
4,734

 

 
865

 

 
467

 

 
6,472

Depreciation and amortization

 

 
1,065

 

 
5,281

 

 
1,956

 

 
2,417

 

 
10,719

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nutritional

 

 

 

 

 

November 30, 2014

    

Housewares

    

Health & Home

    

Supplements

    

Beauty

    

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

 

NINE MONTHS ENDED

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nutritional

 

 

 

 

 

November 30, 2015

    

Housewares

    

Health & Home

    

Supplements (1)

    

Beauty

    

Total

Sales revenue, net

 

$
231,850

 

$
472,714

 

$
114,980

 

$
340,433

 

$
1,159,977

Asset impairment charges

 

 

 -

 

 

 -

 

 

 -

 

 
3,000

 

 
3,000

Operating income (2)

 

 
41,861

 

 
31,298

 

 
8,623

 

 
32,826

 

 
114,608

Capital and intangible asset expenditures

 

 
1,022

 

 
6,258

 

 
2,771

 

 
2,367

 

 
12,418

Depreciation and amortization

 

 
3,148

 

 
15,858

 

 
5,889

 

 
7,051

 

 
31,946

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nutritional

 

 

 

 

 

November 30, 2014

    

Housewares

    

Health & Home

    

Supplements (1)

    

Beauty

    

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

(1)

Includes nine- and five-months of operations of the Nutritional Supplements segment for the nine months ending November 30, 2015 and 2014, respectively. The segment was formed upon the acquisition of Healthy Directions on June 30, 2014.

 

(2)   Operating income for the three and nine months ended November 30, 2015 includes each segment’s allocated share of CEO succession costs totaling $6.71 million. There was no comparable expense in the same periods last year.

 

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 nine-months ended November 30, 2015, those allocations totaled $2.59 and $4.19 million, respectively, which includes an allocation of CEO succession costs referred to above. We do not allocate nonoperating income and expense, including interest or income taxes, to operating segments.