Operating Segments (Tables)

9 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

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)	2021		2020		2021		2020
SALES AND OTHER OPERATING REVENUES
Tobacco Operations	$	578,002	$	623,852	$	1,268,610	$	1,278,844
Ingredients Operations	74,642		49,079		188,018		86,923
Consolidated sales and other operating revenues	$	652,644	$	672,931	$	1,456,628	$	1,365,767
OPERATING INCOME
Tobacco Operations	$	69,796	$	84,122	$	105,599	$	107,658
Ingredients Operations	3,494		(2,451)		10,573		(4,698)
Segment operating income	73,290		81,671		116,172		102,960
Deduct: Equity in pretax (earnings) loss of unconsolidated affiliates (1)	(2,084)		(1,506)		(5,056)		(2,089)
Restructuring and impairment costs (2)	(8,433)		(19,979)		(10,457)		(19,979)
Add: Other income (loss)(3)	—		—		2,532		4,173
Consolidated operating income	$	62,773	$	60,186	$	103,191	$	85,065

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

(2)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. See Note 4 for additional information.

(3)Other income represents the reversal of a portion of the contingent consideration liability associated with the acquisition of FruitSmart. See Note 12 for additional information.