v3.5.0.1
Business Segment Information
 12 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information

After the divestiture of Shape, Fit Pregnancy and Natural Health in January 2015, which comprised our Women's Actively Lifestyle segment, 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 fiscal 2016, 2015 and 2014 and the assets employed as of March 31, 2016 and 2015 are as follows (in thousands):

 
Fiscal years ended March 31,

2016
 
2015
 
2014
Operating revenues
Celebrity Brands
$
164,367

 
$
179,825

 
$
202,580

Men's Active Lifestyle Group
55,622

 
59,226

 
66,698

Corporate and Other
3,052

 
6,129

 
18,068

Total operating revenues
$
223,041

 
$
245,180

 
$
287,346

Operating income (loss)
Celebrity Brands
$
54,133

 
$
67,915

 
$
73,276

Men's Active Lifestyle Group
13,107

 
(5,846
)
 
11,730

Corporate and Other
(41,538
)
 
(67,850
)
 
(51,221
)
Total operating income (loss)
$
25,702

 
$
(5,781
)
 
$
33,785

Depreciation and amortization
Celebrity Brands
$
13,155

 
$
1,787

 
$
3,545

Men's Active Lifestyle Group
3,852

 
2,478

 
824

Corporate and Other
9,475

 
9,700

 
9,066

Total depreciation and amortization
$
26,482

 
$
13,965

 
$
13,435

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

 
$
17,403

 
$
9,238

Corporate and Other
—

 
1,055

 
—

Total impairment of goodwill and intangible assets
$
—

 
$
18,458

 
$
9,238

Amortization of deferred rack costs
Celebrity Brands
$
4,939

 
$
5,391

 
$
6,170

Men's Active Lifestyle Group
60

 
74

 
64

Total amortization of deferred rack costs
$
4,999

 
$
5,465

 
$
6,234


Total Assets
March 31,
2016
 
March 31,
2015
Celebrity Brands
$
315,404

 
$
330,850

Men's Active Lifestyle Group
80,457

 
86,775

Corporate and Other (1)
25,856

 
48,400

Total assets
$
421,717

 
$
466,025


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

Geographic Data

The Company operates principally in two geographic areas, the United States of America and Europe (primarily the United Kingdom). There were no significant transfers between geographic areas during the three fiscal years ended March 31, 2016. The following tables present revenue by geographic area for fiscal 2016, 2015 and 2014 and the assets employed as of March 31, 2016 and 2015 (in thousands):
 
Fiscal years ended March 31,

2016
 
2015
 
2014
Operating revenues:
 
 
 
 
 
United States of America
$
217,349

 
$
234,554

 
$
275,161

Europe
5,692

 
10,626

 
12,185

Total operating revenues
$
223,041

 
$
245,180

 
$
287,346



March 31,
2016
 
March 31,
2015
Assets:
 
 
 
United States of America
$
415,422

 
$
458,197

Europe
6,295

 
7,828

Total assets
$
421,717

 
$
466,025