SEGMENT INFORMATION

9 Months Ended

Dec. 31, 2018

The Company's operations are managed and reported in ten operating segments that are organized by product category and geographic area and aggregated into three reportable segments for financial reporting purposes: Leaf - North America, Leaf - Other Regions, and Other Products and Services. In reviewing operations, the Company concluded that the economic characteristics of Leaf - North America operations were dissimilar from the other Leaf geographic operating segments in Africa, Asia, Europe, and South America, which have been consolidated into one reportable segment "Leaf - Other Regions". The five other operating segments are aggregated into the "Other Products and Services" reportable segment as they do not meet the quantitative thresholds to be individually reportable. These segment groupings are consistent with information used by the chief operating decision maker to assess performance and allocate resources.

The types of products and services from which each reportable segment derives its revenues are as follows:

•Leaf - North America ships tobacco to manufacturers of cigarettes and other consumer tobacco products around the world. In addition, Leaf - North America is more highly concentrated on processing and other activities compared to the rest of the world.

•Leaf - Other Regions ships tobacco to manufacturers of cigarettes and other consumer tobacco products around the world. In addition, the Leaf - Other Regions sell a small amount of processed but un-threshed flue-cured and burley tobacco in loose-leaf and bundle form to certain customers.

•Other Products and Services primarily consists of cannabis and e-liquid products. Cannabis was legalized for adult use in Canada on October 17, 2018. The Company's cannabis products have been sold primarily to municipally-owned retailers in the Canadian market. E-liquids products are sold to consumers via e-commerce platforms and other distribution channels, and retail stores.

The Company evaluates the operating performance of its segments based upon information included in management reports. Corporate general expenses are allocated to the segments based upon segment selling, general, and administrative expenses. Other than those described previously, the accounting policies of each segment are the same and are described in "Note 1. Basis of Presentation and Significant Accounting Policies".

7. SEGMENT INFORMATION (continued)

The following summarizes segment information and includes information for periods other than the three and nine months ended December 31, 2018 and 2017 in light of the segment re-alignment:


	Three Months Ended December 31,
	2018		2017		2016
Sales and other operating revenues:
Leaf - North America	$	77,850	$	120,689	$	108,869
Leaf - Other Regions	441,719		357,094		345,666
Other Products and Services	4,918		—		—
Total sales and other operating revenues	$	524,487	$	477,783	$	454,535

Operating income (loss):
Leaf - North America	$	2,870	$	7,340	$	5,685
Leaf - Other Regions	44,133		32,897		34,390
Other Products and Services	(7,648)		—		—
Total operating income	$	39,355	$	40,237	$	40,075


	Nine Months Ended December 31,
	2018		2017		2016
Sales and other operating revenues:
Leaf - North America	$	181,764	$	245,307	$	217,629
Leaf - Other Regions	1,018,255		956,808		887,431
Other Products and Services	10,332		—		—
Total sales and other operating revenues	$	1,210,351	$	1,202,115	$	1,105,060

Operating income (loss):
Leaf - North America	$	7,888	$	13,463	$	8,366
Leaf - Other Regions	70,010		65,665		45,480
Other Products and Services	(21,265)		—		—
Total operating income	$	56,633	$	79,128	$	53,846


	Years Ended March 31,
	2018		2017
Sales and other operating revenues:
Leaf - North America	$	451,383	$	396,217
Leaf - Other Regions	1,394,048		1,318,533
Other Products and Services	535		—
Total sales and other operating revenues	$	1,845,966	$	1,714,750

Operating income (loss):
Leaf - North America	$	26,446	$	15,333
Leaf - Other Regions	88,742		72,009
Other Products and Services	(3,284)		—
Total operating income	$	111,904	$	87,342

7. SEGMENT INFORMATION (continued)


	December 31, 2018														December 31, 2017
	Leaf - North America		Leaf - Other Regions		Other Products and Services		Total		Leaf - North America		Leaf - Other Regions		Other Products and Services		Total
Total assets	$	318,295	$	1,598,879	$	106,545	$	2,023,719	$	495,950	$	1,558,238	$	—	$	2,054,188
Trade and other receivables, net	22,724		266,104		1,224		290,052		34,042		206,775		—		240,817
Goodwill	2,795		13,669		17,645		34,109		2,794		13,669		—		16,463
Equity in net assets of investee companies	—		55,283		12,285		67,568		—		56,808		9,479		66,287
Depreciation and amortization	5,365		19,398		2,124		26,887		5,572		19,273		—		24,845
Capital expenditures*	3,011		13,263		18,900		35,174		4,461		12,801		—		17,262

*Capital expenditures in this table are presented as activity for the nine months ended December 31, 2018 and 2017.


	March 31, 2018														March 31, 2017
	Leaf - North America		Leaf - Other Regions		Other Products and Services		Total		Leaf - North America		Leaf - Other Regions		Other Products and Services		Total
Total assets	$	366,495	$	1,528,859	$	71,277	$	1,966,631	$	375,782	$	1,596,090	$	—	$	1,971,872
Trade and other receivables, net	46,096		257,968		335		304,399		40,212		213,973		—		254,185
Goodwill	2,795		13,669		11,082		27,546		2,794		13,669		—		16,463
Equity in net assets of investee companies	—		57,434		9,935		67,369		—		51,832		(389)		51,443
Depreciation and amortization	7,435		25,754		409		33,598		7,543		26,933		—		34,476
Capital expenditures	4,649		17,017		1,632		23,298		3,638		9,099		—		12,737