Equity in Net Assets of Investee Companies

12 Months Ended

Mar. 31, 2013

Equity in Net Assets of Investee Companies [Abstract]

Equity in Net Assets of Investee Companies

The Company has equity basis investments in companies located in Asia which purchase and process tobacco. The Asia investees and ownership percentages are as follows: Transcontinental Leaf Tobacco India Private Ltd. (India) 49%, Siam Tobacco Export Company (Thailand) 49%, Adams International Ltd. (Thailand) 49%. Summarized financial information for these investees for fiscal years ended March 31, 2013, 2012 and 2011 follows:



	Years Ended March 31,
Operations Statement Information	2013		2012		2011
Sales	$	125,621	$	119,252	$	112,362
Gross profit	13,888		9,191		15,057
Net income	3,341		147		5,026
Company's dividends received	998		1,480		—



	March 31,
Balance Sheet Information	2013		2012
Current assets	$	66,670	$	63,732
Property, plant and equipment and other assets	35,177		35,697
Current liabilities	50,086		47,766
Long-term obligations and other liabilities	2,811		4,019
Interests of other shareholders	24,965		24,299
Company’s interest	23,986		23,346

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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