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Segment Information
 6 Months Ended
Aug. 31, 2016
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

 

 

 

 

 

August 31, 2016

    

Housewares (1)

    

Health & Home

    

Supplements

    

Beauty

    

Total

Sales revenue, net

 

$
105,976

 

$
144,453

 

$
33,112

 

$
84,629

 

$
368,170

Asset impairment charges

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Operating income

 

 
24,233

 

 
9,397

 

 
(1,229)

 

 
5,086

 

 
37,487

Capital and intangible asset expenditures

 

 
2,249

 

 
845

 

 
545

 

 
1,422

 

 
5,061

Depreciation and amortization

 

 
1,442

 

 
5,284

 

 
2,174

 

 
2,242

 

 
11,142

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nutritional

 

 

 

 

 

August 31, 2015

    

Housewares

    

Health & Home

    

Supplements

    

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

(1)

The three months ended August 31, 2016 includes three months of operating results of Hydro Flask, which was acquired on March 18, 2016. There were no comparable results in the same period last year. See Notes 8 and 9 to these consolidated condensed financial statements for further information regarding the acquisition.

 

SIX MONTHS ENDED

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nutritional

 

 

 

 

 

August 31, 2016

    

Housewares (1)

    

Health & Home

    

Supplements

    

Beauty

    

Total

Sales revenue, net

 

$
190,579

 

$
290,808

 

$
69,052

 

$
165,669

 

$
716,108

Asset impairment charges

 

 

 -

 

 

 -

 

 
5,000

 

 
2,400

 

 
7,400

Operating income

 

 
39,733

 

 
19,001

 

 
(6,501)

 

 
8,152

 

 
60,385

Capital and intangible asset expenditures

 

 
2,838

 

 
2,034

 

 
2,107

 

 
3,236

 

 
10,215

Depreciation and amortization

 

 
2,771

 

 
10,517

 

 
4,134

 

 
4,676

 

 
22,098

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nutritional

 

 

 

 

 

August 31, 2015

    

Housewares

    

Health & Home

    

Supplements

    

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

(1)

The six months ended August 31, 2016 includes approximately five and a half months of operating results of Hydro Flask, which was acquired on March 18, 2016. There were no comparable results in the same period last year. See Notes 8 and 9 to these consolidated condensed financial statements for further information regarding the acquisition.

 

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. We do not allocate nonoperating income and expense, including interest or income taxes, to operating segments.