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Business Segment Information
 6 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information

The Company has three reporting segments: Celebrity Brands, Men’s Active Lifestyle and Corporate and Other. The operating segments are based on each having the following characteristics: the operating segments engage in similar business activities from which they earn revenues and incur expenses; the operating results are regularly reviewed by the chief operating decision maker (the "CODM"), and there is discrete financial information. The Company does not aggregate any of its operating segments.

The Celebrity Brands segment includes National Enquirer, Star, Globe, National Examiner, OK! and Soap Opera Digest.

The Men’s Active Lifestyle segment includes Men’s Fitness, Muscle & Fitness, Flex and Muscle & Fitness Hers.

The Corporate and Other segment includes international licensing, photo syndication to third parties and corporate overhead. Corporate overhead expenses are not allocated to other segments and include production, circulation, executive staff, information technology, accounting, legal, human resources and administration department costs. The Corporate and Other segment also includes print and digital advertising sales and strategic management direction in the following areas: manufacturing, subscription circulation, logistics, event marketing and full back office financial functions. 

The Company’s accounting policies for the business segments are the same as those described in Note 2, "Summary of Significant Accounting Policies." The following information includes certain intersegment transactions and is, therefore, not necessarily indicative of the results had the operations existed as stand-alone businesses. Intersegment transactions represent intercompany services, which are billed at what management believes are prevailing market rates. These intersegment transactions, which represent transactions between operating units in different business segments, are eliminated in consolidation.

Segment information for the three and six months ended September 30, 2015 and 2014 and the assets employed as of September 30, 2015 and March 31, 2015 are as follows (in thousands):

 
Three Months Ended September 30,
 
Six Months Ended September 30,

2015
 
2014
 
2015
 
2014
Operating revenues
 
 
 
 
 
 
 
Celebrity Brands
$
43,033

 
$
42,763

 
$
83,934

 
$
89,610

Men's Active Lifestyle Group
18,556

 
17,495

 
31,697

 
32,648

Corporate and Other
343

 
1,214

 
2,409

 
2,552

Total operating revenues
$
61,932

 
$
61,472

 
$
118,040

 
$
124,810

 
 
 
 
 
 
 
 
Operating income (loss)
 
 
 
 
 
 
 
Celebrity Brands
$
15,353

 
$
12,858

 
$
28,591

 
$
30,751

Men's Active Lifestyle Group
5,697

 
(13,566
)
 
8,524

 
(9,873
)
Corporate and Other
(12,074
)
 
(19,849
)
 
(23,094
)
 
(37,279
)
Total operating income (loss)
$
8,976

 
$
(20,557
)
 
$
14,021

 
$
(16,401
)
 
 
 
 
 
 
 
 
Depreciation and amortization
 
 
 
 
 
 
 
Celebrity Brands
$
3,287

 
$
399

 
$
6,569

 
$
957

Men's Active Lifestyle Group
964

 
275

 
1,927

 
528

Corporate and Other
2,367

 
2,243

 
4,849

 
4,553

Total depreciation and amortization
$
6,618

 
$
2,917

 
$
13,345

 
$
6,038

 
 
 
 
 
 
 
 
Impairment of goodwill and intangible assets
 
 
 
 
 
 
 
Men's Active Lifestyle Group
$
—

 
$
17,403

 
$
—

 
$
17,403

Corporate and Other
—

 
1,055

 
—

 
1,055

Total impairment of goodwill and intangible assets
$
—

 
$
18,458

 
$
—

 
$
18,458

 
 
 
 
 
 
 
 
Amortization of deferred rack costs
 
 
 
 
 
 
 
Celebrity Brands
$
1,211

 
$
1,226

 
$
2,680

 
$
2,586

Men's Active Lifestyle Group
17

 
10

 
23

 
28

Total amortization of deferred rack costs
$
1,228

 
$
1,236

 
$
2,703

 
$
2,614


Total Assets
September 30,
2015
 
March 31,
2015
Celebrity Brands
$
317,059

 
$
330,850

Men's Active Lifestyle Group
86,320

 
86,775

Corporate and Other (1)
36,729

 
48,400

Total assets
$
440,108

 
$
466,025


(1) Amounts are primarily comprised of inventories, prepaid expenses, property and equipment, deferred debt costs and certain other assets.

Geographic Data

The Company operates principally in two geographic areas, the United States of America and Europe. There were no significant transfers between geographic areas during the three and six months ended September 30, 2015 and 2014. The following tables present revenue by geographic area for the three and six months ended September 30, 2015 and 2014 and the assets employed as of September 30, 2015 and March 31, 2015 are as follows (in thousands):

 
Three Months Ended September 30,
 
Six Months Ended September 30,

2015
 
2014
 
2015
 
2014
Operating revenues:
 
 
 
 
 
 
 
United States of America
$
60,383

 
$
58,710

 
$
114,904

 
$
119,017

Europe
1,549

 
2,762

 
3,136

 
5,793

Total operating revenues
$
61,932

 
$
61,472

 
$
118,040

 
$
124,810



September 30,
2015
 
March 31,
2015
Assets:
 
 
 
United States of America
$
432,843

 
$
458,197

Europe
7,265

 
7,828

Total assets
$
440,108

 
$
466,025