SEGMENT AND GROGRAPHIC INFORMATION

12 Months Ended

Feb. 29, 2016

Segment and Geographic Information

Segment and Geographic Information

NOTE 20 – SEGMENT AND GEOGRAPHIC INFORMATION

The following table contains segment information for the fiscal years covered by our consolidated financial statements:

SEGMENT INFORMATION

(in thousands)

					Nutritional
Fiscal Year 2016	Housewares		Health & Home		Supplements		Beauty		Total
Sales revenue, net	$	310,663	$	642,735	$	153,126	$	439,177	$	1,545,701
Asset impairment charges		-		-		-		6,000		6,000
Operating income		56,659		38,078		11,446		24,432		130,615
Identifiable assets		614,489		723,337		219,406		312,411		1,869,643
Capital and intangible asset expenditures		1,560		9,131		3,927		5,985		20,603
Depreciation and amortization		4,183		21,300		9,424		7,842		42,749

					Nutritional
Fiscal Year 2015	Housewares		Health & Home		Supplements(1)		Beauty		Total
Sales revenue, net	$	296,252	$	613,253	$	100,395	$	435,231	$	1,445,131
Asset impairment charges		-		-		-		9,000		9,000
Operating income		59,392		50,821		9,512		41,994		161,719
Identifiable assets		397,956		683,533		218,181		354,085		1,653,755
Capital and intangible asset expenditures		2,019		2,602		613		1,287		6,521
Depreciation and amortization		3,615		20,532		5,380		10,126		39,653

					Nutritional
Fiscal Year 2014	Housewares		Health & Home		Supplements		Beauty		Total
Sales revenue, net	$	274,478	$	568,075		-	$	474,600	$	1,317,153
Asset impairment charges		-		-		-		12,049		12,049
Operating income		50,828		20,764		-		45,508		117,100
Identifiable assets		369,698		676,131		-		487,473		1,533,302
Capital and intangible asset expenditures		851		22,934		-		16,678		40,463
Depreciation and amortization		3,461		19,318		-		11,060		33,839

(1) The Nutritional Supplements segment includes eight months of operating results for fiscal year 2015. The segment was acquired on June 30, 2014. Operating income includes acquisition-related expenditures of $3.61 million for fiscal year 2015. For further information regarding the acquisition, see Note (6) to these consolidated financial statements.

We compute segment operating income based on net sales revenue, less cost of goods sold, SG&A and any asset impairment charges associated with the segment. The SG&A used to compute each segment’s operating income is directly associated with the segment, plus shared service and corporate overhead expenses that are allocable to the segment. In fiscal year 2016, we began making an allocation of shared service and corporate overhead costs to the Nutritional Supplements segment. For the fiscal year ended February 29, 2016, those allocations totaled $4.69 million. We do not allocate nonoperating income and expense, including interest or income taxes, to operating segments.

Our domestic and international net sales revenue and long-lived assets were as follows:

GEOGRAPHIC INFORMATION

(in thousands)

	Fiscal Years Ended the Last Day of February,
	2016		2015		2014
SALES REVENUE, NET:
United States	$	1,233,464	$	1,139,959	$	1,019,525
International		312,237		305,172		297,628
Total	$	1,545,701	$	1,445,131	$	1,317,153
LONG-LIVED ASSETS:
United States	$	610,038	$	636,089	$	444,788
International:
Barbados		315,182		319,298		324,399
Other international		171,699		133,608		148,639
Subtotal		486,881		452,906		473,038
Total	$	1,096,919	$	1,088,995	$	917,826

The table above classifies assets based upon the country where we hold legal title.

Worldwide sales to our largest customer and its affiliates accounted for approximately 16,  18 and 19 percent of our net sales revenue in fiscal years 2016,  2015 and 2014, respectively. Sales to this customer are made within the Beauty and Health & Home segments. Of these sales, approximately 94,  84 and 92 percent were within the U.S. during fiscal years 2016,  2015 and 2014, respectively.

Sales to our second largest customer accounted for approximately 8,  9 and 11 percent of our net sales revenue in fiscal years ending 2016,  2015 and 2014, respectively. Sales to this customer are made across all segments, primarily within the United States and Canada. No other customers accounted for 10 percent or more of net sales revenue during those fiscal years.