Note 14 - Segment Information

12 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

1

4

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

6.5%

and

7.5%,

of total sales in

2020

and

2019,

respectively. In

2020

and

2019,

the sale of Green Giant vegetables accounted for

9%

and

6%

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)
2020:
Net sales	$	1,202,528		$	105,044		$	11,475		$	16,722		$	1,335,769
Operating income (loss)		65,921			3,774			837			(8	)		70,524
Identifiable assets		853,438			51,803			2,054			773			908,068
Capital expenditures		63,543			2,122			19			756			66,440
Depreciation and amortization		26,486			3,564			207			676			30,933
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

Classes of similar products/services:	2020		2019
	(In thousands)
Net Sales:
Green Giant *	$	122,764	$	71,161
Canned vegetables		877,391		815,780
Frozen		104,980		113,115
Fruit		97,393		91,941
Prepared foods		105,044		79,593
Snack		11,475		9,684
Other		16,722		18,307
Total	$	1,335,769	$	1,199,581

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