Segment Information

12 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company purchases, processes, sells, and stores leaf tobacco. Tobacco is purchased in more than 35 countries and shipped to approximately 90 countries. The sales, logistics and billing functions of the Company are primarily concentrated in service centers outside of the producing areas to facilitate access to our major customers. Within certain quality and grade constraints, tobacco is fungible and, subject to these constraints, customers may choose to fulfill their needs from any of the areas where the Company purchases tobacco.

          Management evaluates performance using information included in management reports. The Company has six geographic operating segments: Africa, Asia, Europe, North America, South America and Value Added Services. Value Added Services is comprised of the Company's crushed rolled expanded stem ("CRES"), cut rag, toasted burley and other specialty products and services. In reviewing these operations, the Company concluded that the economic characteristics of South America and Value Added Services were dissimilar from the other operating segments. Based on this fact, the Company is disclosing South America and Value Added Services separately and has aggregated the remaining four operating segments, Africa, Asia, Europe and North America into one reportable segment “Other Regions.” The Company concluded that these operating segments have similar long term financial performance and similar economic characteristics in each of the following areas:

a. the nature of the products and services;

b. the nature of the production processes;

c. the type or class of customer for their products and services;

d. the methods used to distribute their products or provide their services; and

e. the nature of the regulatory environment.

          Selling, logistics, billing, and administrative overhead, including depreciation, which originates primarily from the Company’s corporate and sales offices, are allocated to the segments based upon segment operating income. The Company reviews performance data from purchase through sale based on the source of the product and all intercompany transactions are allocated to the region that either purchases or processes the tobacco.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA(continued)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(continued)

Alliance One International, Inc. and Subsidiaries

(in thousands)

Note 14 - Segment Information (continued)

		Years Ended March 31,
	Analysis of Segment Operations	2015			2014			2013
Sales and other operating revenues:
	South America	$	471,870		$	743,811		$	684,865
	Value Added Services	137,047			123,866			130,382
	Other Regions	1,456,933			1,487,279			1,428,569
	Total revenue	$	2,065,850		$	2,354,956		$	2,243,816
Operating income:
	South America	$	20,524		$	60,539		$	69,565
	Value Added Services	9,863			11,457			15,157
	Other Regions	80,448			47,063			75,550
Total operating income		110,835			119,059			160,272
	Debt retirement expense	(771		)	57,449			1,195
	Interest expense	113,355			116,798			114,557
	Interest income	6,268			7,068			6,547
Income before income taxes and other items		$	4,519		$	(48,120	)	$	51,067

		Years Ended March 31,
	Analysis of Segment Assets	2015		2014		2013
Segment assets:
	South America	$	453,158	$	457,585	$	616,946
	Value Added Services	148,734		194,562		197,959
	Other Regions	1,062,697		1,123,140		1,096,674
	Total assets	$	1,664,589	$	1,775,287	$	1,911,579
Trade and other receivables, net
	South America	$	18,102	$	26,752	$	35,627
	Value Added Services	11,753		12,263		15,129
	Other Regions	170,548		137,444		173,466
	Total trade and other receivables, net	$	200,403	$	176,459	$	224,222
Goodwill:
	Value Added Services	$	1,202	$	1,202	$	1,202
	Other Regions	1,592		1,592		1,592
	Total Goodwill	$	2,794	$	2,794	$	2,794
Equity in net assets of investee companies:
	South America	$	21,714	$	19,161	$	—
	Value Added Services	553		—		—
	Other Regions	31,411		30,699		23,986
	Total equity in net assets of investee companies	$	53,678	$	49,860	$	23,986
Depreciation and amortization:
	South America	$	9,944	$	10,946	$	12,107
	Value Added Services	1,876		1,986		1,306
	Other Regions	17,803		19,495		20,398
	Total depreciation and amortization	$	29,623	$	32,427	$	33,811
Capital expenditures:
	South America	$	4,481	$	2,789	$	5,038
	Value Added Services	137		415		4,048
	Other Regions	18,055		24,551		33,717
	Total capital expenditures	$	22,673	$	27,755	$	42,803

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA(continued)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(continued)

Alliance One International, Inc. and Subsidiaries

(in thousands)

Note 14 - Segment Information (continued)

          Geographic information as to sales and other operating revenues is based on the destination of the product shipped. The Belgium destination represents a customer owned storage and distribution center from which the tobacco will be shipped on to manufacturing facilities.

		Years Ended March 31,
Sales by Destination		2015		2014		2013
Sales and Other Operating Revenues:
	United States	$	363,964	$	467,111	$	423,617
	China	254,658		401,480		308,935
	Belgium	137,513		125,377		185,668
	Russia	118,233		125,093		147,283
	Germany	116,713		130,163		93,990
	Indonesia	58,609		58,919		109,983
	Other	1,016,160		1,046,813		974,340
		$	2,065,850	$	2,354,956	$	2,243,816

Sales and Other Operating Revenues to Major Customers

Including their respective affiliates, accounting for more than 10% of total sales and other operating revenues were each of Philip Morris International Inc. and China Tobacco International Inc. for the year ended March 31, 2015 and 2014; and Philip Morris International, Inc., Japan Tobacco Inc., Imperial Tobacco Group PLC and China Tobacco International Inc. for the year ended March 31, 2013.

		Years Ended March 31,
Property, Plant and Equipment by Location		2015		2014		2013
Property, Plant and Equipment, Net:
	United States	$	57,861	$	53,517	$	45,213
	Brazil	87,161		92,142		99,492
	Malawi	25,704		27,227		28,683
	Tanzania	23,610		24,979		24,568
	Europe	15,191		19,711		20,370
	Argentina	7,390		7,325		7,909
	Asia	6,960		7,545		8,436
	Zambia	6,582		6,690		6,316
	Turkey	3,454		18,310		25,666
	Other	4,062		3,800		4,325
		$	237,975	$	261,246	$	270,978