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Segment Information
 3 Months Ended
May 31, 2017
Segment Information  
Segment Information

Note 5 – Segment Information

 

The following tables present segment information for the periods shown:

 

THREE MONTHS ENDED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

Nutritional

 

 

 

 

 

May 31, 2017

    

Housewares (1)

    

Health & Home

    

Supplements

    

Beauty

    

Total

Sales revenue, net

 

$

98,428

 

$

150,266

 

$

31,619

 

$

79,292

 

$

359,605

Asset impairment charges

 

 

 -

 

 

 -

 

 

32,000

 

 

4,000

 

 

36,000

Operating income (loss)

 

 

18,106

 

 

14,560

 

 

(34,599)

 

 

(1,301)

 

 

(3,234)

Capital and intangible asset expenditures

 

 

2,491

 

 

1,113

 

 

8,945

 

 

478

 

 

13,027

Depreciation and amortization

 

 

1,427

 

 

4,138

 

 

2,456

 

 

2,776

 

 

10,797

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nutritional

 

 

 

 

 

May 31, 2016

    

Housewares (1)

    

Health & Home

    

Supplements

    

Beauty

    

Total

Sales revenue, net

 

$

84,603

 

$

146,355

 

$

35,940

 

$

81,040

 

$

347,938

Asset impairment charges

 

 

 -

 

 

 -

 

 

5,000

 

 

2,400

 

 

7,400

Operating income (loss)

 

 

15,500

 

 

9,604

 

 

(5,272)

 

 

3,066

 

 

22,898

Capital and intangible asset expenditures

 

 

589

 

 

1,189

 

 

1,562

 

 

1,814

 

 

5,154

Depreciation and amortization

 

 

1,329

 

 

5,233

 

 

1,960

 

 

2,434

 

 

10,956

 

(1)

The three months ended May 31, 2017 includes a full three months of operating results for Hydro Flask compared to two and a half months for the three months ended May 31, 2016.  

 

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.