Note 14 - Segment Information

12 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

14. 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% of total sales in both 2021 and 2020. “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)
2021:
Net sales	$	1,363,263	$	71,866	$	10,999	$	21,516		$	1,467,644
Operating income		175,810		1,967		705		2,585			181,067
Identifiable assets		853,602		51,803		2,054		773			908,232
Capital expenditures		67,963		1,451		508		1,528			71,450
Depreciation and amortization		29,534		2,299		194		349			32,376
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