Note 14 - Segment Information

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

1

4

. Segment Information for Continuing Operations

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 Company markets its product almost entirely in the United States. Export sales represented

7.5%

and

7.4%,

of total sales in

2019

and

2018,

respectively. In

2019

and

2018,

the sale of Green Giant vegetables accounted for

6%

and

11%

of net sales, respectively. “Other” in the table below represents activity related to can sales, trucking, seed sales, and flight operations.

	Fruit and			Prepared
	Vegetable			Foods			Snack			Other			Total
	(In thousands)
2019:
Net sales	$	1,091,997		$	79,593		$	9,684		$	18,307		$	1,199,581
Operating loss		(34,145	)		(2,736	)		(8	)		(1,190	)		(38,079	)
Identifiable assets		788,860			55,378			2,056			1,347			847,641
Capital expenditures		33,794			1,427			54			2,354			37,629
Depreciation and amortization		24,785			3,980			249			919			29,933
2018:
Net sales	$	1,042,808		$	92,826		$	10,110		$	17,150		$	1,162,894
Operating income		8,860			2,869			558			2,544			14,831
Identifiable assets		841,805			53,132			1,915			2,025			898,877
Capital expenditures		32,171			926			-			535			33,632
Depreciation and amortization		23,883			4,330			336			903			29,452

Classes of similar products/services:	2019		2018
	(In thousands)
Net Sales:
Green Giant *	$	71,161	$	124,811
Canned vegetables		815,780		721,121
Frozen		113,115		105,857
Fruit		91,941		91,019
Prepared foods		79,593		92,826
Snack		9,684		10,110
Other		18,307		17,150
Total	$	1,199,581	$	1,162,894

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