Segment Information

3 Months Ended

May 31, 2016

Segment Information

Segment Information

Note 5 – Segment Information

The following tables contain segment information for the periods covered below:

THREE MONTHS ENDED

(in thousands)

					Nutritional
May 31, 2016	Housewares (1)		Health & Home		Supplements		Beauty		Total
Sales revenue, net	$	84,603	$	146,355	$	35,940	$	81,040	$	347,938
Asset impairment charges		-		-		5,000		2,400		7,400
Operating income		15,500		9,604		(5,272)		3,066		22,898
Capital and intangible asset expenditures		589		1,189		1,562		1,814		5,154
Depreciation and amortization		1,329		5,233		1,960		2,434		10,956

					Nutritional
May 31, 2015	Housewares		Health & Home		Supplements		Beauty		Total
Sales revenue, net	$	65,186	$	143,042	$	39,440	$	97,677	$	345,345
Asset impairment charges		-		-		-		3,000		3,000
Operating income		11,183		8,418		2,620		4,322		26,543
Capital and intangible asset expenditures		325		300		1,131		961		2,717
Depreciation and amortization		1,008		5,063		1,968		2,315		10,354

(1) Includes approximately two and a half months of operating results of Hydro Flask, acquired on March 18, 2016, with no comparable results in the same period last year. See Notes 8 and 9 to these consolidated condensed financial statements for further information regarding the acquisition.

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. The two and a half months of operating results of Hydro Flask do not include any allocation of corporate or shared service costs. As the new acquisition is further integrated into our operating structure, we expect to make such allocations to its operations. When we decide such allocations are appropriate, there may be some reduction in the operating income of the Housewares segment offset by increases in operating income of our other segments. The extent of this operating income impact between the segments has not yet been determined. We do not allocate nonoperating income and expense, including interest or income taxes, to operating segments.