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Segment Information
 6 Months Ended
Aug. 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

 

 

 

 

 

August 31, 2017

    

Housewares

    

Health & Home

    

Supplements

    

Beauty

    

Total

Sales revenue, net

 

$

114,720

 

$

147,861

 

$

31,257

 

$

84,624

 

$

378,462

Asset impairment charges

 

 

 -

 

 

 -

 

 

18,070

 

 

 -

 

 

18,070

Operating income (loss)

 

 

23,513

 

 

7,730

 

 

(20,293)

 

 

9,158

 

 

20,108

Capital and intangible asset expenditures

 

 

2,267

 

 

1,133

 

 

264

 

 

123

 

 

3,787

Depreciation and amortization

 

 

1,419

 

 

4,183

 

 

2,390

 

 

2,813

 

 

10,805

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nutritional

 

 

 

 

 

August 31, 2016

    

Housewares

    

Health & Home

    

Supplements

    

Beauty

    

Total

Sales revenue, net

 

$

105,976

 

$

144,453

 

$

33,112

 

$

84,629

 

$

368,170

Asset impairment charges

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Operating income (loss)

 

 

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

 

SIX MONTHS ENDED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

Nutritional

 

 

 

 

 

August 31, 2017

    

Housewares (1)

    

Health & Home

    

Supplements

    

Beauty

    

Total

Sales revenue, net

 

$

213,148

 

$

298,127

 

$

62,876

 

$

163,916

 

$

738,067

Asset impairment charges

 

 

 -

 

 

 -

 

 

50,070

 

 

4,000

 

 

54,070

Operating income (loss)

 

 

41,619

 

 

22,290

 

 

(54,892)

 

 

7,857

 

 

16,874

Capital and intangible asset expenditures

 

 

4,758

 

 

2,246

 

 

9,209

 

 

601

 

 

16,814

Depreciation and amortization

 

 

2,846

 

 

8,321

 

 

4,846

 

 

5,589

 

 

21,602

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 (loss)

 

 

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

 

(1)

The six months ended August 31, 2017 includes a full six months of operating results for Hydro Flask compared to five and a half months for the six months ended August 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.