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Segment and Geographic Information
 12 Months Ended
Feb. 28, 2018
Segment and Geographic Information  
Segment and Geographic Information

Note 19 – Segment and Geographic Information

 

The following table contains segment information included in continuing operations. 

 

SEGMENT INFORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

Fiscal 2018

    

Housewares(1)

    

Health & Home

    

Beauty

    

Total

Sales revenue, net

 

$

457,819

 

$

682,605

 

$

349,323

 

$

1,489,747

Asset impairment charges

 

 

 -

 

 

 -

 

 

15,447

 

 

15,447

Restructuring charges

 

 

220

 

 

 -

 

 

1,637

 

 

1,857

Operating income

 

 

89,319

 

$

62,099

 

$

17,644

 

 

169,062

Identifiable assets

 

 

664,151

 

 

674,440

 

 

282,729

 

 

1,621,320

Capital and intangible asset expenditures

 

 

8,537

 

 

3,716

 

 

1,352

 

 

13,605

Depreciation and amortization

 

 

5,825

 

 

16,750

 

 

11,155

 

 

33,730

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2017

    

Housewares(1)

    

Health & Home

    

Beauty

    

Total

Sales revenue, net

 

$

418,128

 

$

632,769

 

$

355,779

 

$

1,406,676

Asset impairment charges

 

 

 -

 

 

 -

 

 

2,900

 

 

2,900

Restructuring charges

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Operating income

 

 

89,020

 

 

51,072

 

 

29,572

 

 

169,664

Identifiable assets

 

 

642,967

 

 

679,248

 

 

284,992

 

 

1,607,207

Capital and intangible asset expenditures

 

 

5,652

 

 

5,192

 

 

4,663

 

 

15,507

Depreciation and amortization

 

 

5,795

 

 

20,483

 

 

9,897

 

 

36,175

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2016

 

Housewares

    

Health & Home

    

Beauty

    

Total

Sales revenue, net

 

$

310,663

 

$

642,735

 

$

439,177

 

 

1,392,575

Asset impairment charges

 

 

 -

 

 

 -

 

 

6,000

 

 

6,000

Restructuring charges

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Operating income

 

 

55,944

 

 

36,860

 

 

23,490

 

 

116,294

Identifiable assets

 

 

610,176

 

 

715,104

 

 

306,651

 

 

1,631,931

Capital and intangible asset expenditures

 

 

1,560

 

 

9,131

 

 

5,985

 

 

16,676

Depreciation and amortization

 

 

4,532

 

 

22,022

 

 

8,335

 

 

34,889

 

(1)

Fiscal 2018 includes a full twelve months of operating results for Hydro Flask, compared to eleven and one-half months for fiscal 2017.

 

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 have reallocated corporate overhead expenses to the above continuing segments that were previously allocated to our former Nutritional Supplements segment. 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)

    

2018

    

2017

    

2016

SALES REVENUE, NET:

 

 

 

 

 

 

 

 

 

United States

 

$

1,168,888

 

$

1,111,109

 

$

1,080,338

International

 

 
320,859

 

 
295,567

 

 
312,237

Total

 

$

1,489,747

 

$

1,406,676

 

$

1,392,575

 

 

 

 

 

 

 

 

 

 

LONG-LIVED ASSETS:

 

 

 

 

 

 

 

 

 

United States

 

$

437,920

 

$

409,337

 

$

407,621

International:

 

 

 

 

 

 

 

 

 

Barbados

 

 

496,258

 

 

499,064

 

 

315,182

Other international

 

 

131,830

 

 

159,490

 

 
171,774

Subtotal

 

 

628,088

 

 

658,554

 

 

486,956

Total

 

$

1,066,008

 

$

1,067,891

 

$

894,577

 

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 2018, 2017 and 2016, respectively.  Sales to this customer are made within the Beauty and Health & Home segments.  Of these sales, approximately 78%,  79%, and 78% for fiscal 2018, 2017 and 2016, respectively, were within the United States.  Sales to our second largest customer accounted for 13% of our net sales in fiscal 2018.  No other customers accounted for 10% or more of net sales revenue during the periods presented.