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Segment and Geographic Information
 12 Months Ended
Feb. 28, 2017
Segment and Geographic Information  
Segment and Geographic Information

Note 20 – Segment and Geographic Information

 

The following table contains segment information:

 

SEGMENT INFORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

Nutritional

 

 

 

 

 

 

Fiscal 2017

    

Housewares (1)

    

Health & Home

    

Supplements

    

Beauty

    

Total

Sales revenue, net

 

$

418,128

 

$

632,769

 

$

130,543

 

$

355,779

 

$

1,537,219

Asset impairment charges

 

 

 -

 

 

 -

 

 

9,500

 

 

2,900

 

 

12,400

Operating income

 

 

89,641

 

 

52,294

 

 

(7,933)

 

 

30,330

 

 

164,332

Identifiable assets

 

 

642,967

 

 

679,248

 

 

205,889

 

 

284,992

 

 

1,813,096

Capital and intangible asset expenditures

 

 

5,652

 

 

5,192

 

 

5,112

 

 

4,663

 

 

20,619

Depreciation and amortization

 

 

5,723

 

 

20,374

 

 

8,408

 

 

9,836

 

 

44,341

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nutritional

 

 

 

 

 

Fiscal 2016

 

Housewares

 

Health & Home

 

Supplements

 

Beauty

 

Total

Sales revenue, net

 

$

310,663

 

$

642,735

 

$

153,126

 

$

439,177

 

$

1,545,701

Asset impairment charges

 

 

 -

 

 

 -

 

 

 -

 

 

6,000

 

 

6,000

Operating income

 

 

56,659

 

 

38,078

 

 

11,446

 

 

24,432

 

 

130,615

Identifiable assets

 

 

610,176

 

 

715,104

 

 

216,963

 

 

306,651

 

 

1,848,894

Capital and intangible asset expenditures

 

 

1,560

 

 

9,131

 

 

3,927

 

 

5,985

 

 

20,603

Depreciation and amortization

 

 

4,183

 

 

21,300

 

 

9,424

 

 

7,842

 

 

42,749

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nutritional

 

 

 

 

Fiscal 2015

 

Housewares

 

Health & Home

 

Supplements (2)

 

Beauty

 

Total

Sales revenue, net

 

$

296,252

 

$

613,253

 

$

100,395

 

$

435,231

 

$

1,445,131

Asset impairment charges

 

 

 -

 

 

 -

 

 

 -

 

 

9,000

 

 

9,000

Operating income

 

 

59,392

 

 

50,821

 

 

9,512

 

 

41,994

 

 

161,719

Identifiable assets

 

 

387,663

 

 

667,954

 

 

216,798

 

 

349,824

 

 

1,622,239

Capital and intangible asset expenditures

 

 

2,019

 

 

2,602

 

 

613

 

 

1,287

 

 

6,521

Depreciation and amortization

 

 

3,615

 

 

20,532

 

 

5,380

 

 

10,126

 

 

39,653

(1)

Includes eleven and a half months of operating results for Hydro Flask, acquired on March 18, 2016.

 

(2)

Includes eight months of operating results for Healthy Directions, acquired 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 2016, we began making an allocation of shared service and corporate overhead costs to the Nutritional Supplements segment. For fiscal 2017 and 2016, those allocations totaled $6.0 and $4.7 million, respectively. We do not allocate nonoperating income and expense, including interest or income taxes, to operating segments.

Our domestic and international net sales revenue and long-lived assets were as follows:

 

GEOGRAPHIC INFORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Years Ended the Last Day of February,

(in thousands)

   

2017

   

2016

   

2015

SALES REVENUE, NET:

 

 

 

 

 

 

 

 

 

United States

 

$

1,241,653

 

$

1,233,464

 

$

1,139,959

International

 

 

295,566

 

 
312,237

 

 
305,172

Total

 

$

1,537,219

 

$

1,545,701

 

$

1,445,131

 

 

 

 

 

 

 

 

 

 

LONG-LIVED ASSETS:

 

 

 

 

 

 

 

 

 

United States

 

$

599,451

 

$

606,925

 

$

631,326

International:

 

 

 

 

 

 

 

 

 

Barbados

 

 

498,077

 

 

315,182

 

 

319,298

Other international

 

 

159,490

 

 
171,699

 

 
133,608

Subtotal

 

 

657,567

 

 

486,881

 

 

452,906

Total

 

$

1,257,018

 

$

1,093,806

 

$

1,084,232

 

The table above classifies assets based upon the country where we hold legal title.

 

Worldwide sales to our largest customer and its affiliates accounted for approximately 15%,  16% and 18% of our net sales revenue in fiscal 2017,  2016 and 2015, respectively. Sales to this customer are made within the Beauty and Health & Home segments. Of these sales, approximately 94%,  94% and 84% were within the U.S. during fiscal 2017,  2016 and 2015, respectively. No other customers accounted for 10% or more of net sales revenue during those fiscal years.