Segment Reporting

12 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

13. Segment Information

The Company manages its business on the basis of two reportable segments — the primary segment is the processing and sale of fruits and vegetables and secondarily, the processing and sale of snack products. The Company markets its product almost entirely in the United States. Export sales represented9.8%, 9.4%, and 8.9% of total sales in 2013, 2012, and 2011, respectively. In 2013, 2012, and 2011, the sale of Green Giant vegetables accounted for 13%, 13%, and 16% of net sales, respectively. “Other” in the table below represents activity related to can sales, trucking, seed sales, and flight operations.

		Fruit and
		Vegetable		Snack		Other		Total
		(In thousands)
2013:
Net sales	$	1,243,107	$	11,357	$	21,833	$	1,276,297
Operating income		70,313		174		447		70,934
Interest expense		7,319		35		132		7,486
Income tax expense		21,831		53		151		22,035
Identifiable assets		796,336		4,038		2,775		803,149
Capital expenditures		16,125		0		246		16,371
Depreciation and amortization		22,146		404		701		23,251
2012:
Net sales	$	1,226,408	$	11,730	$	19,667	$	1,257,805
Operating income (loss)		25,955		(714)		382		25,623
Interest expense		7,929		47		126		8,102
Income tax expense (benefit)		6,398		(247)		114		6,265
Identifiable assets		730,147		4,739		3,150		738,036
Capital expenditures		25,636		22		1,767		27,425
Depreciation and amortization		21,780		475		436		22,691
2011:
Net sales	$	1,161,404	$	10,604	$	17,577	$	1,189,585
Operating income (loss)		32,641		(731)		384		32,294
Interest expense		8,643		59		125		8,827
Income tax expense (benefit)		5,895		(181)		82		5,796
Identifiable assets		736,982		5,891		1,835		744,708
Capital expenditures		18,733		740		0		19,473
Depreciation and amortization		21,632		509		440		22,581

The fruit and vegetable segment, consisting of GMOL, canned fruit and vegetables and frozen products, represented 99%, 99% and 99% of assets and 101%, 107% and 105% of pre-tax earnings in 2013, 2012 and 2011, respectively.

Classes of similar products/services:		2013		2012		2011
		(In thousands)
Net Sales:
GMOL *	$	165,684	$	166,231	$	191,526
Canned vegetables		746,892		743,123		688,303
Frozen *		84,935		96,870		86,904
Fruit		245,596		220,184		194,671
Snack		11,357		11,730		10,604
Other		21,833		19,667		17,577
Total	$	1,276,297	$	1,257,805	$	1,189,585
* GMOL includes frozen vegetables exclusively for GMOL.