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Business Segments (Tables)
6 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of segment data

Segment data for the three and six months ended March 31, 2019 and 2018 is as follows (in thousands):

 

 

 

Three Months Ended

March 31,

 

 

Six Months Ended

March 31,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SBS

 

$

565,604

 

 

$

580,114

 

 

$

1,146,213

 

 

$

1,165,689

 

Beauty Systems Group ("BSG")

 

 

380,248

 

 

 

395,207

 

 

 

789,092

 

 

 

804,597

 

Total

 

$

945,852

 

 

$

975,321

 

 

$

1,935,305

 

 

$

1,970,286

 

Earnings before provision for income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment operating earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SBS

 

$

86,715

 

 

$

90,328

 

 

$

176,706

 

 

$

176,922

 

BSG

 

 

56,518

 

 

 

59,949

 

 

 

118,849

 

 

 

124,514

 

Segment operating earnings

 

 

143,233

 

 

 

150,277

 

 

 

295,555

 

 

 

301,436

 

Unallocated expenses

 

 

(36,535

)

 

 

(32,416

)

 

 

(75,139

)

 

 

(68,233

)

Restructuring

 

 

5,814

 

 

 

(6,759

)

 

 

1,834

 

 

 

(11,969

)

Consolidated operating earnings

 

 

112,512

 

 

 

111,102

 

 

 

222,250

 

 

 

221,234

 

Interest expense

 

 

(23,821

)

 

 

(25,262

)

 

 

(48,310

)

 

 

(49,277

)

Earnings before provision for income taxes

 

$

88,691

 

 

$

85,840

 

 

$

173,940

 

 

$

171,957

 

Schedule of disaggregation of net sales by segment

Disaggregation of net sales by segment

 

 

 

 

SBS

 

Three Months Ended

March 31,

 

 

Six Months Ended

March 31,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Hair color

 

 

29.1

%

 

 

26.9

%

 

 

28.3

%

 

 

26.6

%

Hair care

 

 

20.5

%

 

 

21.3

%

 

 

20.2

%

 

 

20.9

%

Skin and nail care

 

 

14.6

%

 

 

14.8

%

 

 

14.8

%

 

 

14.9

%

Styling tools

 

 

13.6

%

 

 

14.0

%

 

 

14.7

%

 

 

14.7

%

Salon supplies and accessories

 

 

7.5

%

 

 

7.5

%

 

 

7.3

%

 

 

7.3

%

Multicultural products

 

 

7.0

%

 

 

7.2

%

 

 

6.7

%

 

 

6.9

%

Other Beauty items

 

 

7.7

%

 

 

8.3

%

 

 

8.0

%

 

 

8.6

%

Total

 

 

100.0

%

 

 

100.0

%

 

 

100.0

%

 

 

100.0

%

 

 

 

 

 

BSG

 

Three Months Ended

March 31,

 

 

Six Months Ended

March 31,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Hair color

 

 

40.3

%

 

 

38.7

%

 

 

39.1

%

 

 

37.8

%

Hair care

 

 

34.2

%

 

 

34.0

%

 

 

33.8

%

 

 

33.8

%

Skin and nail care

 

 

8.2

%

 

 

8.8

%

 

 

8.2

%

 

 

8.9

%

Styling tools

 

 

3.2

%

 

 

3.7

%

 

 

3.6

%

 

 

4.2

%

Other beauty items

 

 

6.6

%

 

 

6.6

%

 

 

6.1

%

 

 

6.1

%

Promotional items

 

 

7.5

%

 

 

8.2

%

 

 

9.2

%

 

 

9.2

%

Total

 

 

100.0

%

 

 

100.0

%

 

 

100.0

%

 

 

100.0

%