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Segment and Geographic Information
12 Months Ended
Feb. 28, 2019
Segment Reporting [Abstract]  
Segment and Geographic Information
Segment and Geographic Information
The following table contains segment information included in continuing operations. 
SEGMENT INFORMATION
(in thousands)
 
 
 
 
Fiscal 2019
Housewares
Health & Home
Beauty
Total
Sales revenue, net
$
523,807

$
695,217

$
345,127

$
1,564,151

Asset impairment charges




Restructuring charges
926

686

1,974

3,586

Operating income
100,743

68,448

30,188

199,379

Identifiable assets
698,519

686,335

264,481

1,649,335

Capital and intangible asset expenditures
16,023

8,508

1,854

26,385

Depreciation and amortization
6,048

17,058

6,821

29,927

Fiscal 2018
Housewares(1)
Health & Home
Beauty
Total
Sales revenue, net
$
459,004

$
674,062

$
345,779

$
1,478,845

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
664,622

675,627

283,468

1,623,717

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
$
418,558

$
626,982

$
351,995

1,397,535

Asset impairment charges


2,900

2,900

Restructuring charges




Operating income
89,020

51,072

29,572

169,664

Identifiable assets
639,922

688,828

287,485

1,616,235

Capital and intangible asset expenditures
5,652

5,192

4,663

15,507

Depreciation and amortization
5,795

20,483

9,897

36,175

(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.
GEOGRAPHIC INFORMATION

The following table provides net sales revenue by geographic region, in U.S. Dollars:
 
Fiscal Years Ended
February 28,
(in thousands)
2019 (1)
2018 (1) (2)
2017 (1) (2)
Sales revenue, net by geographic region
 

 

 

United States
$
1,221,806

$
1,161,698

$
1,104,870

Canada
66,855

58,856

58,631

EMEA
143,024

143,668

133,172

Asia Pacific
90,073

75,376

60,532

Latin America
42,393

39,247

40,330

Total sales revenue, net
$
1,564,151

$
1,478,845

$
1,397,535

(1)
We adopted ASU 2014-09, Revenue of Contracts with Customers (Topic 606) in the first quarter of fiscal 2019 and have reclassified amounts in the prior year’s statements of income to conform to the current period’s presentation. For more information see Note 3 to these consolidated financial statements.
(2)
Fiscal 2017 includes eleven and one-half months of operating results for Hydro Flask, acquired on March 18, 2016. Fiscal 2018 includes a full year of operating results for Hydro Flask.
Worldwide sales to our largest customer and its affiliates accounted for approximately 16%, 17% and 17% of our net sales revenue in fiscal 2019, 2018 and 2017, respectively.  Sales to this customer are made within the Beauty and Health & Home segments.  Of these sales, approximately 78%, 79%, and 79% for fiscal 2019, 2018 and 2017, respectively, were within the United States.  Sales to our second largest customer accounted for 16%, 13% and 10% of our net sales in fiscal 2019, 2018 and 2017, respectively.  Sales to Target Corporation accounted for approximately 10% of our consolidated net sales revenue in fiscal 2019, 2018 and 2017, respectively. No other customers accounted for 10% or more of net sales revenue during the periods presented. 



Our domestic and international long-lived assets were as follows:
 
Fiscal Years Ended February 28,
(in thousands)
2019
2018
2017
United States
$
416,521

$
437,920

$
409,337

International:
 

 

 

Barbados
499,589

496,258

499,064

Other international
128,566

131,831

159,490

Subtotal
628,155

628,089

658,554

Total
$
1,044,676

$
1,066,009

$
1,067,891


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