Business Segments

3 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Business Segments

Business Segments

Segment information has been prepared in accordance with the Segment Reporting topic of the FASB ASC 280. Our current reportable segments consist of (i) North American OTC Healthcare, (ii) International OTC Healthcare and (iii) Household Cleaning. We evaluate the performance of our operating segments and allocate resources to these segments based primarily on contribution margin, which we define as gross profit less advertising and promotional expenses.

The tables below summarize information about our reportable segments.

	Three Months Ended June 30, 2015
(In thousands)	North American OTC Healthcare			International OTC Healthcare		Household Cleaning		Consolidated
Gross segment revenues	$	156,339		$	14,209	$	21,467	$	192,015
Elimination of intersegment revenues	(728		)	—		—		(728		)
Third-party segment revenues	155,611			14,209		21,467		191,287
Other revenues	40			—		805		845
Total segment revenues	155,651			14,209		22,272		192,132
Cost of sales	58,126			5,290		16,480		79,896
Gross profit	97,525			8,919		5,792		112,236
Advertising and promotion	23,195			2,723		504		26,422
Contribution margin	$	74,330		$	6,196	$	5,288	85,814
Other operating expenses								23,309
Operating income								62,505
Other expense								22,335
Income before income taxes								40,170
Provision for income taxes								13,997
Net income								$	26,173

	Three Months Ended June 30, 2014
(In thousands)	North American OTC Healthcare			International OTC Healthcare		Household Cleaning		Consolidated
Gross segment revenues	$	110,973		$	13,692	$	20,593	$	145,258
Elimination of intersegment revenues	(717		)	—		—		(717		)
Third-party segment revenues	110,256			13,692		20,593		144,541
Other revenues	177			35		949		1,161
Total segment revenues	110,433			13,727		21,542		145,702
Cost of sales	42,340			5,078		16,418		63,836
Gross profit	68,093			8,649		5,124		81,866
Advertising and promotion	16,353			2,339		404		19,096
Contribution margin	$	51,740		$	6,310	$	4,720	62,770
Other operating expenses								19,967
Operating income								42,803
Other expense								14,653
Income before income taxes								28,150
Provision for income taxes								11,418
Net income								$	16,732

The tables below summarize information about our segment revenues from similar product groups.

	Three Months Ended June 30, 2015
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Analgesics	$	26,848	$	530	$	—	$	27,378
Cough & Cold	19,759		4,506		—		24,265
Women's Health	32,908		700		—		33,608
Gastrointestinal	20,320		3,808		—		24,128
Eye & Ear Care	24,332		3,930		—		28,262
Dermatologicals	20,095		534		—		20,629
Oral Care	9,977		194		—		10,171
Other OTC	1,412		7		—		1,419
Household Cleaning	—		—		22,272		22,272
Total segment revenues	$	155,651	$	14,209	$	22,272	$	192,132

	Three Months Ended June 30, 2014
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Analgesics	$	25,031	$	665	$	—	$	25,696
Cough & Cold	20,043		4,798		—		24,841
Women's Health	368		518		—		886
Gastrointestinal	20,638		2,497		—		23,135
Eye & Ear Care	20,725		4,642		—		25,367
Dermatologicals	12,260		542		—		12,802
Oral Care	10,187		62		—		10,249
Other OTC	1,181		3		—		1,184
Household Cleaning	—		—		21,542		21,542
Total segment revenues	$	110,433	$	13,727	$	21,542	$	145,702

During the three months ended June 30, 2015 and June 30, 2014, approximately 87.3% and 84.5%, respectively, of our total segment revenues were from customers in the United States. Other than the United States, no individual geographical area accounted for more than 10% of net sales in any of the periods presented. During the three months ended June 30, 2015, our Canada and Australia sales accounted for approximately 5.1% and 5.7%, respectively, of our total segment revenues, while during the three months ended June 30, 2014, approximately 5.6% and 5.2%, respectively, of our total segment revenues was attributable to sales to Canada and Australia.

At June 30, 2015, approximately 95.6% of our consolidated goodwill and intangible assets were located in the United States and approximately 4.4% were located in Australia. These consolidated goodwill and intangible assets have been allocated to the reportable segments as follows:

(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Goodwill	$	263,716	$	20,351	$	6,800	$	290,867
Intangible assets
Indefinite-lived	1,676,991		85,766		110,272		1,873,029
Finite-lived	231,251		1,594		23,986		256,831
Intangible assets, net	1,908,242		87,360		134,258		2,129,860
Total	$	2,171,958	$	107,711	$	141,058	$	2,420,727