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SEGMENT AND ENTERPRISE-WIDE INFORMATION
6 Months Ended
Sep. 29, 2018
Segment Reporting [Abstract]  
SEGMENT AND ENTERPRISE-WIDE INFORMATION
SEGMENT AND ENTERPRISE-WIDE INFORMATION
The Company determines its reportable segments by first identifying its operating segments, and then by assessing whether any components of these segments constitute a business for which discrete financial information is available and where segment management regularly reviews the operating results of that component. The Company's operating segments are based primarily on geography. North America Plasma is a separate operating segment with dedicated segment management due the size and scale of the Plasma business unit. It aggregates components within an operating segment that have similar economic characteristics.
The Company’s reportable segments are as follows:
Japan
EMEA
North America Plasma
All Other
The Company has aggregated the Americas Blood Center and Hospital and Asia - Pacific operating segments into the All Other reportable segment based upon their similar operational and economic characteristics, including similarity of operating margin.
Management measures and evaluates the operating segments based on operating income. Management excludes certain corporate expenses from segment operating income. In addition, certain amounts that management considers to be non-recurring or non-operational are excluded from segment operating income because management evaluates the operating results of the segments excluding such items. These items include restructuring and turnaround costs, deal amortization, asset impairments, accelerated depreciation and certain legal charges. Although these amounts are excluded from segment operating income, as applicable, they are included in the reconciliations that follow. Management measures and evaluates the Company's net revenues and operating income using internally derived standard currency exchange rates that remain constant from year to year; therefore, segment information is presented on this basis.
During the first quarter of fiscal 2019, management reorganized its operating segments such that certain immaterial components of EMEA are now reported as components of All Other. Accordingly, the prior year numbers have been updated to reflect this reclassification as well as other changes within the cost reporting structure that occurred in the first quarter of fiscal 2019. These changes did not have an impact on its ability to aggregate Americas Blood Center and Hospital with Asia - Pacific.
Selected information by business segment is presented below:
 
Three Months Ended
 
Six Months Ended
(In thousands)
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
Net revenues
 
 
 
 
 
 
 
Japan
$
17,343

 
$
17,164

 
$
33,947

 
$
32,396

EMEA
40,051

 
41,428

 
81,339

 
81,867

North America Plasma
99,655

 
85,051

 
191,229

 
162,587

All Other
85,482

 
82,551

 
165,294

 
163,294

Net revenues before foreign exchange impact
242,531

 
226,194

 
471,809

 
440,144

Effect of exchange rates
(950
)
 
(817
)
 
(881
)
 
(3,816
)
Net revenues
$
241,581

 
$
225,377

 
$
470,928

 
$
436,328

 
Three Months Ended
 
Six Months Ended
(In thousands)
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
Segment operating income
 
 
 
 
 
 
 
Japan
$
9,366

 
$
8,656

 
$
17,633

 
$
16,123

EMEA
11,459

 
10,026

 
23,499

 
20,524

North America Plasma
41,468

 
34,692

 
80,064

 
61,892

All Other
36,229

 
32,529

 
69,270

 
63,199

Segment operating income
98,522

 
85,903

 
190,466

 
161,738

  Corporate operating expenses
(62,244
)
 
(50,456
)
 
(116,517
)
 
(98,505
)
  Effect of exchange rates
2,594

 
1,102

 
5,649

 
(1,099
)
Restructuring and turnaround costs
(2,118
)
 
(5,787
)
 
(5,467
)
 
(8,270
)
Deal amortization
(6,236
)
 
(6,504
)
 
(12,536
)
 
(12,995
)
Asset impairments

 

 
(21,170
)
 

Accelerated depreciation
(4,442
)
 

 
(8,381
)
 

Legal charges

 

 
(675
)
 

Operating income
$
26,076

 
$
24,258

 
$
31,369

 
$
40,869



The Company's products are organized into three categories for purposes of evaluating their growth potential: Plasma, Blood Center and Hospital. Management reviews revenue trends based on these business units.
Net revenues by business unit are as follows:
 
Three Months Ended
 
Six Months Ended
(In thousands)
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
Plasma
$
124,352

 
$
109,771

 
$
241,255

 
$
211,278

Blood Center
68,243

 
71,710

 
132,726

 
137,275

Hospital
48,986

 
43,896

 
96,947

 
87,775

Net revenues
$
241,581

 
$
225,377

 
$
470,928

 
$
436,328

Net revenues generated in the Company's principle operating regions on a reported basis are as follows:
 
Three Months Ended
 
Six Months Ended
(In thousands)
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
United States
$
152,926

 
$
138,779

 
$
295,066

 
$
269,831

Japan
17,172

 
16,732

 
34,561

 
31,648

Europe
39,096

 
39,133

 
78,098

 
76,355

Asia
30,575

 
28,831

 
59,970

 
54,771

Other
1,812

 
1,902

 
3,233

 
3,723

Net revenues
$
241,581

 
$
225,377

 
$
470,928

 
$
436,328