Segment Information

6 Months Ended

Sep. 30, 2016

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 its 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.

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 the purchase of the product or the service provided through sale based on the source of the product or service and all intercompany transactions are allocated to the operating segment that either purchases or processes the tobacco.

The following table presents the summary segment information for the three months and six months ended September 30, 2016 and 2015:       

	Three Months Ended September 30,						Six Months Ended September 30,
	2016			2015			2016			2014
Sales and other operating revenues:
North America	$	58,823		$	64,830		$	108,760		$	95,130
Other regions	330,600			350,023			541,764			586,005
Total revenue	$	389,423		$	414,853		$	650,524		$	681,135
Operating income:
North America	$	3,659		$	5,547		$	2,681		$	6,418
Other regions	14,787			20,736			10,489			16,960
Total operating income	18,446			26,283			13,170			23,378
Interest expense	31,904			28,782			62,507			56,555
Interest income	2,204			1,274			4,042			2,648
Loss before income taxes and other items	$	(11,254	)	$	(1,225	)	$	(45,295	)	$	(30,529	)

Analysis of Segment Assets		September 30, 2016		September 30, 2015		March 31, 2016
Segment assets:
	North America	$	396,413	$	400,884	$	338,833
	Other regions	1,602,311		1,545,236		1,629,365
	Total assets	$	1,998,724	$	1,946,120	$	1,968,198