Operating Segments (Tables)

3 Months Ended

Jun. 30, 2015

Operating results for the Company’s reportable segments for each period presented in the consolidated statements of income were as follows:



	Three Months Ended June 30,
(in thousands of dollars)	2015			2014

SALES AND OTHER OPERATING REVENUES
Flue-cured and burley leaf tobacco operations:
North America	$	48,572		$	31,698
Other regions⁽¹⁾	177,401			197,572
Subtotal	225,973			229,270
Other tobacco operations⁽²⁾	49,446			42,202
Consolidated sales and other operating revenues	$	275,419		$	271,472

OPERATING INCOME (LOSS)
Flue-cured and burley leaf tobacco operations:
North America	$	3,416		$	1,679
Other regions⁽¹⁾	(7,847		)	(10,575		)
Subtotal	(4,431		)	(8,896		)
Other tobacco operations⁽²⁾	908			1,260
Segment operating income (loss)	(3,523		)	(7,636		)
Deduct: Equity in pretax loss (earnings) of unconsolidated affiliates ⁽³⁾	616			(601		)
Restructuring and impairment costs ⁽⁴⁾	(2,389		)	—
Consolidated operating income (loss)	$	(5,296	)	$	(8,237	)


⁽¹⁾	Includes South America, Africa, Europe, and Asia regions, as well as inter-region eliminations.


⁽²⁾	Includes Dark Air-Cured, Special Services, and Oriental, as well as inter-company eliminations. Sales and other operating revenues for this reportable segment include limited amounts for Oriental because its financial results consist principally of equity in the pretax earnings of an unconsolidated affiliate.


⁽³⁾	Equity in pretax loss (earnings) of unconsolidated affiliates is included in segment operating income (loss) (Other Tobacco Operations segment), but is reported below consolidated operating income (loss) and excluded from that total in the consolidated statements of income and comprehensive income.


⁽⁴⁾	Restructuring and impairment costs are excluded from segment operating income (loss), but are included in consolidated operating income (loss) in the consolidated statements of income and comprehensive income.