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Business Segment Information
 9 Months Ended
Dec. 31, 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 nine months ended December 31, 2015 and 2014 are as follows (in thousands):

 
Three Months Ended December 31,
 
Nine Months Ended December 31,

2015
 
2014
 
2015
 
2014
Operating revenues
 
 
 
 
 
 
 
Celebrity Brands
$
41,943

 
$
45,506

 
$
125,877

 
$
135,116

Men's Active Lifestyle
11,396

 
12,325

 
43,093

 
44,973

Corporate and Other
1,805

 
2,314

 
4,214

 
4,866

Total operating revenues
$
55,144

 
$
60,145

 
$
173,184

 
$
184,955

Operating income (loss)
 
 
 
 
 
 
 
Celebrity Brands
$
14,846

 
$
18,275

 
$
43,437

 
$
49,026

Men's Active Lifestyle (1)
2,387

 
2,191

 
10,911

 
(7,682
)
Corporate and Other
(11,364
)
 
(14,039
)
 
(34,458
)
 
(51,318
)
Total operating income (loss)
$
5,869

 
$
6,427

 
$
19,890

 
$
(9,974
)
Depreciation and amortization
 
 
 
 
 
 
 
Celebrity Brands
$
3,292

 
$
409

 
$
9,861

 
$
1,366

Men's Active Lifestyle
964

 
912

 
2,891

 
1,440

Corporate and Other
2,257

 
2,626

 
7,106

 
7,179

Total depreciation and amortization
$
6,513

 
$
3,947

 
$
19,858

 
$
9,985

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

 
$
—

 
$
—

 
$
17,403

Corporate and Other
—

 
—

 
—

 
1,055

Total impairment of goodwill and intangible assets
$
—

 
$
—

 
$
—

 
$
18,458

Amortization of deferred rack costs
 
 
 
 
 
 
 
Celebrity Brands
$
1,129

 
$
1,337

 
$
3,809

 
$
3,923

Men's Active Lifestyle
20

 
18

 
43

 
46

Total amortization of deferred rack costs
$
1,149

 
$
1,355

 
$
3,852

 
$
3,969


(1) Includes impairment charge of $17.4 million to reduce the carrying value of goodwill and tradenames during the nine months ended December 31, 2014. See Note 3, "Goodwill and Other Identified Intangible Assets" for further discussion.

Segment information for the assets employed as of December 31, 2015 and March 31, 2015 are as follows (in thousands):

Total Assets
December 31,
2015
 
March 31,
2015
Celebrity Brands
$
315,520

 
$
330,850

Men's Active Lifestyle
79,625

 
86,775

Corporate and Other (2)
28,384

 
48,400

Total assets
$
423,529

 
$
466,025


(2) 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 nine months ended December 31, 2015 and 2014. The following tables present revenue by geographic area for the three and nine months ended December 31, 2015 and 2014 and the assets employed as of December 31, 2015 and March 31, 2015 are as follows (in thousands):

 
Three Months Ended December 31,
 
Nine Months Ended December 31,

2015
 
2014
 
2015
 
2014
Operating revenues:
 
 
 
 
 
 
 
United States of America
$
53,876

 
$
57,698

 
$
168,780

 
$
176,715

Europe
1,268

 
2,447

 
4,404

 
8,240

Total operating revenues
$
55,144

 
$
60,145

 
$
173,184

 
$
184,955



December 31,
2015
 
March 31,
2015
Assets:
 
 
 
United States of America
$
416,725

 
$
458,197

Europe
6,804

 
7,828

Total assets
$
423,529

 
$
466,025