Segment Reporting

9 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Reporting

12. SEGMENT REPORTING

The Company's chief operating decision maker has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. In fiscal year 2014, the Company operated and reported its performance in four segments. However, starting from fiscal year 2015, the Company has operated the Powdered Formula and Foods segments as a single business segment based on a shared distribution network and similar marketing strategies. Therefore, there are only three reportable segments for fiscal year 2015, and the segment information in prior years was restated to be consistent with the current year reportable segments. The three reportable segments are:

Nutritional food - Sales of powdered infant and adult formula products, and prepared foods.

Nutritional supplement - Sales of nutritional supplement such as chondroitin sulfate to external customers, and microencapsulated Docosahexanoic Acid ("DHA") and Arachidonic Acid ("ARA") to powdered formula segment.

Other business - Other business includes non-core businesses such as ancillary sales of excess or unusable ingredients and materials to industrial customers, providing genetic diagnostic services for new born babies, and sales of cosmetics to pregnant women.

Segment disclosures are on a performance basis consistent with internal management reporting. The following tables summarized the Company's revenue and cost generated from different revenue streams.

	Three Months Ended						Nine Months Ended
	December 31,						December 31,
(In thousands)	2015			2014			2015			2014
NET SALES TO EXTERNAL CUSTOMERS
- Nutritional food	$	96,258		$	106,608		$	248,249		$	281,742
- Nutritional supplement		10,569			5,613			26,684			13,960
- Other business		2,429			3,110			4,000			8,068
Net sales	$	109,256		$	115,331		$	278,933		$	303,770
INTERSEGMENT SALES
- Nutritional food	$	220		$	72		$	278		$	82
- Nutritional supplement		3,436			3,908			9,291			12,731
- Other business		354			0			491			0
Intersegment sales	$	4,010		$	3,980		$	10,060		$	12,813
GROSS PROFIT (LOSS)
- Nutritional food	$	54,860		$	52,884		$	136,252		$	134,209
- Nutritional supplement		923			304			2,011			1,544
- Other business		(418	)		(471	)		(361	)		(373	)
Gross profit	$	55,365		$	52,717		$	137,902		$	135,380

(In thousands)	December 31,  2015			March 31,  2015
TOTAL ASSETS
- Nutritional food	$	705,815		$	626,317
- Nutritional supplement		48,459			38,878
- Other business		3,916			2,169
- Unallocated assets		7,285			10,528
- Intersegment elimination		(8,430	)		(13,007	)
Total	$	757,045		$	664,885