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Operating Segments
 9 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Operating Segments
OPERATING SEGMENTS

The principal approach used by management to evaluate the Company’s performance is by geographic region, although the dark air-cured and oriental tobacco businesses are each evaluated on the basis of their worldwide operations. The Company evaluates the performance of its segments based on operating income after allocated overhead expenses (excluding significant non-recurring charges or credits), plus equity in the pretax earnings of unconsolidated affiliates.

Operating results for the Company’s reportable segments for each period presented in the consolidated statements of income were as follows:
 
 
Three Months Ended December 31,
 
Nine Months Ended December 31,
(in thousands of dollars)
 
2015
 
2014
 
2015
 
2014
 
 
 
 
 
 
 
 
 
SALES AND OTHER OPERATING REVENUES
 
 
 
 
 
 
 
 
Flue-Cured and Burley Leaf Tobacco Operations:
 
 
 
 
 
 
 
 
North America
 
$
81,463

 
$
118,844

 
$
179,456

   
$
203,850

Other Regions (1)
 
460,729

 
604,100

 
1,009,162

   
1,173,341

Subtotal
 
542,192

 
722,944

 
1,188,618

 
1,377,191

Other Tobacco Operations (2)
 
42,400

 
35,110

 
127,775

   
116,451

Consolidated sales and other operating revenues
 
$
584,592

 
$
758,054

 
$
1,316,393

 
$
1,493,642

 
 
 
 
 
 
 
 
 
OPERATING INCOME
 
 
 
 
 
 
 
 
Flue-Cured and Burley Leaf Tobacco Operations:
 
 
 
 
 
 
 
 
North America
 
$
5,750

   
$
15,864

 
$
12,949

   
$
21,821

Other Regions (1)
 
61,318

   
78,958

 
87,673

   
90,044

Subtotal
 
67,068

 
94,822

 
100,622

 
111,865

Other Tobacco Operations (2)
 
1,083

   
(1,316
)
 
2,136

   
2,584

Segment operating income
 
68,151

 
93,506

 
102,758

 
114,449

Deduct: Equity in pretax (earnings) loss of unconsolidated affiliates (3)
 
(2,326
)
 
527

 
(2,556
)
 
(3,391
)
Restructuring and impairment costs (4)
 
—

 
(1,143
)
 
(2,389
)
 
(4,493
)
Add: Other income (5)
 
3,390

 
—

 
3,390

 
—

Consolidated operating income
 
$
69,215

 
$
92,890

 
$
101,203

 
$
106,565


(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 (earnings) loss of unconsolidated affiliates is included in segment operating income (Other Tobacco Operations segment), but is reported below consolidated operating income 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, but are included in consolidated operating income in the consolidated statements of income and comprehensive income.
(5) 
Other income represents a gain from remeasuring to fair value the Company's original 50% ownership interest in Procesadora Unitab, S.A., a tobacco processing joint venture in Guatemala, upon acquiring the 50% interest held by the Company's joint venture partner. This item is excluded from segment operating income, but is included in consolidated operating income in the consolidated statements of income and comprehensive income.