v3.25.4
Operating Segments (Tables)
9 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Operating Results For The Company's Reportable Segments
Reportable segment data as of, or for, each period presented in the consolidated statements of income and comprehensive income, the consolidated balance sheets, and the consolidated statements of cash flows is as follows:
Three Months Ended December 31, 2025Three Months Ended December 31, 2024
Tobacco OperationsIngredients OperationsConsolidatedTobacco OperationsIngredients OperationsConsolidated
Sales and other operating revenues$779,946 $81,342 $861,288 $853,884 $83,309 $937,193 
Cost of goods sold(634,173)(67,527)(701,700)(678,885)(64,720)(743,605)
Selling, general and administrative expenses(48,583)(11,218)(59,801)(58,178)(11,875)(70,053)
Corporate overhead allocated to the segments(14,403)(2,723)(17,126)(16,404)(3,055)(19,459)
Equity in pretax earnings (loss) of unconsolidated affiliates (1)
1,257 — 1,257 2,149 — 2,149 
Segment operating income84,044 (126)83,918 102,566 3,659 106,225 
Deduct: Equity in pretax (earnings) loss of unconsolidated affiliates (1)
(1,257)(2,149)
Restructuring and impairment costs (2)
(711)— 
Consolidated total$81,950 $104,076 
Nine Months Ended December 31, 2025Nine Months Ended December 31, 2024
Tobacco OperationsIngredients OperationsConsolidatedTobacco OperationsIngredients OperationsConsolidated
Sales and other operating revenues$1,944,065 $265,162 $2,209,227 $1,996,051 $248,954 $2,245,005 
Cost of goods sold(1,576,708)(218,974)(1,795,682)(1,616,797)(195,554)(1,812,351)
Selling, general and administrative expenses(133,394)(35,296)(168,690)(138,383)(36,527)(174,910)
Corporate overhead allocated to the segments(50,132)(9,478)(59,610)(48,164)(8,970)(57,134)
Equity in pretax earnings (loss) of unconsolidated affiliates(1)
1,131 — 1,131 1,647 — 1,647 
Segment operating income184,962 1,414 186,376 194,354 7,903 202,257 
Deduct: Equity in pretax (earnings) loss of unconsolidated affiliates(1)
(1,131)(1,647)
Restructuring and impairment costs (2)
(1,833)(10,573)
Consolidated operating income$183,412 $190,037 
(1)Equity in pretax earnings (loss) of unconsolidated affiliates is included in segment operating income (Tobacco Operations), but is reported below consolidated operating income and excluded from that total in the consolidated statements of income and comprehensive income.
(2)Restructuring and impairment costs are excluded from segment operating income, but are included in consolidated operating income in the consolidated statements of income and comprehensive income. See Note 2 for additional information.
Segment AssetsAccounts Receivable, net
December 31,
2025
December 31,
2024
March 31,
2025
December 31,
2025
December 31,
2024
March 31,
2025
Tobacco Operations$2,498,015 $2,517,063 $2,436,416 $517,732 $590,731 $566,755 
Ingredients Operations519,499 523,356 553,136 53,779 59,290 59,121 
Consolidated total$3,017,514 $3,040,419 $2,989,552 $571,511 $650,021 $625,876 
Goodwill, netIntangibles, net
December 31,
2025
December 31,
2024
March 31,
2025
December 31,
2025
December 31,
2024
March 31,
2025
Tobacco Operations$97,730 $97,751 $97,772 $59 $58 $47 
Ingredients Operations116,068 116,068 116,068 50,576 60,386 57,789 
Consolidated total$213,798 $213,819 $213,840 $50,635 $60,444 $57,836 
Capital ExpendituresDepreciation and Amortization
Nine Months Ended December 31,Nine Months Ended December 31,
2025202420252024
Tobacco Operations$24,673 $30,127 $24,505 $29,603 
Ingredients Operations15,630 24,758 15,701 14,951 
Consolidated total$40,303 $54,885 $40,206 $44,554