Segment Reporting

12 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

13. Segment Information

The Company manages its business on the basis of two reportable segments — the primary segment is the packaging and sale of fruits and vegetables and secondarily, the packaging and sale of snack products. The Company markets its product almost entirely in the United States. Export sales represented9.2%, 9.8%, and 9.4% of total sales in 2014, 2013, and 2012, respectively. In 2014, 2013, and 2012, the sale of Green Giant vegetables accounted for 13%, 13%, and 13% of net sales, respectively. “Other” in the table below represents activity related to can sales, trucking, seed sales, and flight operations.

		Fruit and
		Vegetable		Snack		Other		Total
		(In thousands)
2014:
Net sales	$	1,302,857	$	11,496	$	25,855	$	1,340,208
Operating income		21,063		872		1,669		23,604
Interest expense, net		6,113		27		122		6,262
Income tax expense		3,118		189		256		3,563
Identifiable assets		761,078		3,770		4,005		768,853
Capital expenditures		17,339		0		2,109		19,448
Depreciation and amortization		21,842		394		1,045		23,281
2013:
Net sales	$	1,243,107	$	11,357	$	21,833	$	1,276,297
Operating income		70,313		174		447		70,934
Interest expense, net		7,319		35		132		7,486
Income tax expense		21,831		53		151		22,035
Identifiable assets		791,643		4,038		2,775		798,456
Capital expenditures		16,125		0		246		16,371
Depreciation and amortization		22,146		404		701		23,251
2012:
Net sales	$	1,226,408	$	11,730	$	19,667	$	1,257,805
Operating income (loss)		25,955		(714)		382		25,623
Interest expense, net		7,929		47		126		8,102
Income tax expense (benefit)		6,398		(247)		114		6,265
Identifiable assets		730,147		4,739		3,150		738,036
Capital expenditures		25,636		22		1,767		27,425
Depreciation and amortization		21,780		475		436		22,691

The fruit and vegetable segment, consisting of GMOL, canned fruit and vegetables and frozen products, represented 99%, 99% and 99% of assets and 93%, 101% and 107% of pre-tax earnings in 2014, 2013 and 2012, respectively.

Classes of similar products/services:		2014		2013		2012
		(In thousands)
Net Sales:
GMOL *	$	177,881	$	165,684	$	166,231
Canned vegetables		753,318		746,892		743,123
Frozen *		107,109		84,935		96,870
Fruit		264,549		245,596		220,184
Snack		11,496		11,357		11,730
Other		25,855		21,833		19,667
Total	$	1,340,208	$	1,276,297	$	1,257,805
* GMOL includes frozen vegetables exclusively for GMOL.