Segment Reporting

12 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

12. 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 and finally, other products. The Company markets its product almost entirely in the United States. Export sales represented 7.7%, 8.5%, and 9.0% of total sales in 2017, 2016, and 2015, respectively. In 2017, 2016, and 2015, the sale of Green Giant vegetables accounted for 10%, 11%, 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)
2017:
Net sales	$	1,210,170	$	12,430	$	23,081	$	1,245,681
Operating income		26,543		945		1,633		29,121
Interest expense, net		9,518		17		137		9,672
Income tax expense		6,475		355		584		7,414
Identifiable assets		940,300		2,833		2,886		946,019
Capital expenditures		30,969		225		1,318		32,512
Depreciation and amortization		23,525		346		953		24,824
2016:
Net sales	$	1,239,179	$	12,336	$	23,845	$	1,275,360
Operating income		87,120		1,164		265		88,549
Interest expense, net		7,923		18		103		8,044
Income tax expense		25,551		372		76		25,999
Identifiable assets		888,968		2,697		3,662		895,327
Capital expenditures		9,232		52		682		9,966
Depreciation and amortization		20,438		351		948		21,737
2015:
Net sales	$	1,246,115	$	11,667	$	28,568	$	1,286,350
Operating income		18,865		779		710		20,354
Interest expense, net		6,778		12		72		6,862
Income tax expense		3,775		225		221		4,221
Identifiable assets		798,640		3,235		4,573		806,448
Capital expenditures		22,177		157		1,400		23,734
Depreciation and amortization		20,445		367		1,022		21,834

The fruit and vegetable segment, consisting of Green Giant, canned fruit and vegetables and frozen products, represented 99%, 99% and 99% of assets and 97%, 100% and 102% of pre-tax earnings in 2017, 2016 and 2015, respectively.

Classes of similar products/services:		2017		2016		2015
		(In thousands)
Net Sales:
Green Giant *	$	119,812	$	144,310	$	161,993
Canned vegetables		705,297		746,501		754,556
Frozen		98,597		94,710		94,648
Fruit		286,464		253,658		234,918
Snack		12,430		12,336		11,667
Other		23,081		23,845		28,568
Total	$	1,245,681	$	1,275,360	$	1,286,350
* Green Giant includes canned and frozen vegetables exclusively for B&G Foods.