Segment Information

9 Months Ended

Dec. 31, 2019

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. 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. 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. Leaf - Other Regions sells 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 involves the sale of cannabis and e-liquid products. Cannabis was legalized for adult use in Canada on October 17, 2018. The cannabis products produced by certain of the Company's subsidiaries have been sold in the Canadian market, primarily to municipally-owned retailers. E-liquids products are sold to consumers via e-commerce platforms and other distribution channels, and retail stores.

The following summarizes operating results and assets by segment:


	Three Months Ended December 31,						Nine Months Ended December 31,
	2019		2018		2019		2018
Sales and other operating revenues:
Leaf - North America	$	53,016	$	77,850	$	139,421	$	181,764
Leaf - Other Regions	306,500		441,719		867,838		1,018,255
Other Products and Services	3,744		4,918		15,652		10,332
Total sales and other operating revenues	$	363,260	$	524,487	$	1,022,911	$	1,210,351

Operating income (loss):
Leaf - North America	$	2,609	$	2,870	$	5,880	$	7,888
Leaf - Other Regions	25,508		44,133		59,016		70,010
Other Products and Services	(19,974)		(7,648)		(49,219)		(21,265)
Total operating income	$	8,143	$	39,355	$	15,677	$	56,633


	December 31, 2019		December 31, 2018		March 31, 2019
Segment assets:
Leaf - North America	$	319,433	$	318,295	$	243,248
Leaf - Other Regions	1,408,705		1,598,879		1,488,226
Other Products and Services	220,909		106,545		127,801
Total assets	$	1,949,047	$	2,023,719	$	1,859,275