Operating Segments (Tables)

9 Months Ended

Dec. 31, 2017

Operating Results For The Company's Reportable Segments

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



	Three Months Ended December 31,						Nine Months Ended December 31,
(in thousands of dollars)	2017			2016			2017			2016

SALES AND OTHER OPERATING REVENUES
Flue-Cured and Burley Leaf Tobacco Operations:
North America	$	99,452		$	93,198		$	211,444		$	246,669
Other Regions ⁽¹⁾	474,351			495,982			1,039,927			992,574
Subtotal	573,803			589,180			1,251,371			1,239,243
Other Tobacco Operations ⁽²⁾	79,778			79,591			175,080			181,945
Consolidated sales and other operating revenue	$	653,581		$	668,771		$	1,426,451		$	1,421,188

OPERATING INCOME
Flue-Cured and Burley Leaf Tobacco Operations:
North America	$	3,623		$	1,025		$	13,887		$	21,404
Other Regions ⁽¹⁾	57,029			81,074			98,622			96,399
Subtotal	60,652			82,099			112,509			117,803
Other Tobacco Operations ⁽²⁾	5,431			5,781			5,336			10,215
Segment operating income	66,083			87,880			117,845			128,018
Deduct: Equity in pretax earnings of unconsolidated affiliates ⁽³⁾	(6,404		)	(4,495		)	(6,636		)	(5,625		)
Restructuring and impairment costs ⁽⁴⁾	—			(178		)	—			(3,860		)
Consolidated operating income	$	59,679		$	83,207		$	111,209		$	118,533


⁽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 the business is accounted for on the equity method and its financial results consist principally of equity in the pretax earnings of an unconsolidated affiliate.


⁽³⁾	Equity in pretax earnings 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.