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Segment Information
9 Months Ended
Nov. 30, 2023
Segment Reporting [Abstract]  
Segment Information
Note 14 - Segment Information
We currently operate two reportable segments consisting of Home & Outdoor and Beauty & Wellness. During the fourth quarter of fiscal 2023, we made changes to the structure of our organization in connection with our global restructuring plan that resulted in our previous Health & Wellness and Beauty operating segments being combined into a single reportable segment, which is referred to herein as “Beauty & Wellness.” Comparative prior period segment information in this report has been recast to conform to this change in our reportable segments. See Note 1 to these condensed consolidated financial statements for additional information.
The following tables summarize segment information for the periods presented:
Three Months Ended November 30, 2023
(in thousands)Home & OutdoorBeauty & WellnessTotal
Sales revenue, net$235,948 $313,666 $549,614 
Restructuring charges583 3,307 3,890 
Operating income49,514 57,413 106,927 
Capital and intangible asset expenditures7,674 1,450 9,124 
Depreciation and amortization6,025 6,406 12,431 

Three Months Ended November 30, 2022
(in thousands)Home & OutdoorBeauty & WellnessTotal
Sales revenue, net$228,937 $329,669 $558,606 
Restructuring charges5,090 5,373 10,463 
Operating income 30,847 46,346 77,193 
Capital and intangible asset expenditures28,788 4,771 33,559 
Depreciation and amortization4,716 6,997 11,713 
Nine Months Ended November 30, 2023
(in thousands)Home & OutdoorBeauty & WellnessTotal
Sales revenue, net$693,069 $822,780 $1,515,849 
Restructuring charges4,644 10,218 14,862 
Operating income107,729 86,684 194,413 
Capital and intangible asset expenditures23,513 6,168 29,681 
Depreciation and amortization17,033 20,004 37,037 

Nine Months Ended November 30, 2022
(in thousands)Home & OutdoorBeauty & WellnessTotal
Sales revenue, net$703,759 $884,325 $1,588,084 
Restructuring charges5,562 9,679 15,241 
Operating income102,722 55,356 158,078 
Capital and intangible asset expenditures133,939 12,255 146,194 
Depreciation and amortization13,704 19,626 33,330 

The following table presents net sales revenue by geographic region, in U.S. Dollars:
Three Months Ended November 30,Nine Months Ended November 30,
(in thousands)2023202220232022
Domestic sales revenue, net (1)$428,582 78.0 %$437,894 78.4 %$1,176,190 77.6 %$1,254,545 79.0 %
International sales revenue, net121,032 22.0 %120,712 21.6 %339,659 22.4 %333,539 21.0 %
Total sales revenue, net$549,614 100.0 %$558,606 100.0 %$1,515,849 100.0 %$1,588,084 100.0 %
(1)Beginning in the fourth quarter of fiscal 2023, we included net sales revenue from the U.S. and Canada as domestic net sales revenue. Previously, we reported sales revenue from Canada within international net sales revenue. We have recast the prior period domestic and international net sales revenue presented to conform with this current presentation.