13.

Segment Information

The Company manages its business on the basis of

three

reportable segments — the primary segment is the packaging and sale of fruits and vegetables, secondarily, the packaging and sale of prepared food products, third, the sale of snack products and finally, other products. The prepared foods segment is new and resulted from the acquisition of Truitt Bros., Inc. The Company markets its product almost entirely in the United States. Export sales represented

6.9%,

7.6%,

and

8.5%

of total sales in

2018,

2017,

and

2016,

respectively. In

2018,

2017,

and

2016,

the sale of Green Giant vegetables accounted for

9%,

11%,

and

12%

of net sales, respectively. “Other” in the table below represents activity related to can sales, trucking, seed sales, and flight operations. Segments are identified based the products produced, size and some other minor factors. Operating income is a measure used regularly by the chief operating decision maker.

	Fruit and			Prepared
	Vegetable			Foods		Snack		Other		Total
	(In thousands)
2018:
Net sales	$	1,194,679		$	92,826	$	10,110	$	17,150	$	1,314,765
Operating income (loss)		(11,238	)		2,869		558		2,544		(5,267	)
Interest expense, net		14,321			533		24		159		15,037
Income tax (benefit) expense		(8,946	)		931		213		1,330		(6,472	)
Identifiable assets		1,013,359			53,132		1,915		2,025		1,070,431
Capital expenditures		34,445			926		-		535		35,906
Depreciation and amortization		25,978			4,330		336		903		31,547

2017: (Restated)
Net sales	$	1,226,687			-	$	12,430	$	23,081	$	1,262,198
Operating income		32,164			-		945		1,633		34,742
Interest expense, net		9,518			-		17		137		9,672
Income tax expense		8,814			-		355		584		9,753
Identifiable assets		972,549			-		2,833		2,886		978,268
Capital expenditures		30,969			-		225		1,318		32,512
Depreciation and amortization		23,525			-		346		953		24,824

2016: (Restated)
Net sales	$	1,243,386			-	$	12,336	$	23,845	$	1,279,567
Operating income		90,302			-		1,164		265		91,731
Interest expense, net		7,923			-		18		103		8,044
Income tax expense		26,792			-		372		76		27,240
Identifiable assets		938,632			-		2,697		3,662		944,991
Capital expenditures		9,232			-		52		682		9,966
Depreciation and amortization		20,438			-		351		948		21,737

The fruit and vegetable segment, consisting of Green Giant, canned fruit and vegetables and frozen products, represented

95%,

99%

and

99%

of assets and

112%,

97%

and

100%

of pre-tax earnings (loss) in

2018,

2017

and

2016,

respectively.

Classes of similar products/services:	2018		2017		2016
				(Restated)	(Restated)
	(In thousands)
Net Sales:
Green Giant *	$	111,014	$	136,329	$	148,517
Canned vegetables		721,121		705,297		746,501
Frozen		105,857		98,597		94,710
Fruit		256,687		286,464		253,658
Prepared foods		92,826		-		-
Snack		10,110		12,430		12,336
Other		17,150		23,081		23,845
Total	$	1,314,765	$	1,262,198	$	1,279,567

* Green Giant includes canned and frozen vegetables exclusively for B&G Foods.