Operating Segments (Tables)

9 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Operating Results For The Company's Reportable Segments

Operating results for the Company’s reportable segments for each period presented in the consolidated statements of income and comprehensive income were as follows, including a recast of the new reportable operating segments presentation for all periods presented below:

	Three Months Ended December 31,				Nine Months Ended December 31,
(in thousands of dollars)	2020		2019		2020		2019
SALES AND OTHER OPERATING REVENUES
Tobacco Operations	$	623,851	$	503,839	$	1,278,844	$	1,274,853
Ingredients Operations	49,080		1,210		86,923		3,032
Consolidated sales and other operating revenue	$	672,931	$	505,049	$	1,365,767	$	1,277,885
OPERATING INCOME
Tobacco Operations	$	84,122	$	45,478	$	107,658	$	101,582
Ingredients Operations	(2,451)		(1,432)		(4,698)		(4,473)
Segment operating income	81,671		44,046		102,960		97,109
Deduct: Equity in pretax (earnings) loss of unconsolidated affiliates (1)	(1,506)		69		(2,089)		(2,281)
Restructuring and impairment costs (2)	(19,979)		—		(19,979)		—
Add: Other income (loss)(3)	—		—		4,173		—
Consolidated operating income	$	60,186	$	44,115	$	85,065	$	94,828

(1)Equity in pretax earnings (loss) of unconsolidated affiliates is included in segment operating income (Tobacco Operations), but is reported below consolidated operating income and excluded from that total in the consolidated statements of income and comprehensive income.

(2)Restructuring and impairment costs are excluded from segment operating income, but are included in consolidated operating income in the consolidated statements of income and comprehensive income. See Note 4 for additional information.

(3)Other income represents the reversal of a portion of the contingent consideration liability associated with the acquisition of FruitSmart. See Note 3 for additional information.