Business Segment Information | Business Segment Information We operate and report our financial information in four reportable business segments: Healthcare Products, Healthcare Specialty Services, Life Sciences, and Applied Sterilization Technologies. Corporate, which is presented separately, contains costs that are associated with being a publicly traded company and certain other corporate costs. Our Healthcare Products segment offers infection prevention and procedural solutions for healthcare providers worldwide, including consumable products, equipment maintenance and installation services, and capital equipment. Our Healthcare Specialty Services segment provides a range of specialty services for healthcare providers including hospital sterilization services, and instrument and scope repairs. Linen Management Services were divested in fiscal 2017. Our Life Sciences segment offers consumable products, equipment maintenance and specialty services for pharmaceutical manufacturers and research facilities, and capital equipment. Our Applied Sterilization Technologies segment offers contract sterilization and laboratory services for medical device and pharmaceutical Customers and others. Certain minor organizational changes were made to better align with our Customers, resulting in several smaller operations shifting among the segments. The prior period revenues and operating income measures have been recast for comparability. The accounting policies for reportable segments are the same as those for the consolidated Company. Management evaluates performance and allocates resources based on a segment operating income measure. Operating income (loss) for each segment is calculated as the segment’s gross profit less direct expenses and indirect cost allocations, which result in the full allocation of all distribution and research and development expenses, and the partial allocation of corporate costs. These allocations are based upon variables such as segment headcount and revenues. Products and services are transferred between segments at cost. Corporate includes certain unallocated corporate costs related to being a publicly traded company and legacy pension and post-retirement benefits. Segment operating income excludes certain adjustments which include acquisition related costs, amortization of acquired intangibles, restructuring costs and other charges that management believes may or may not recur with similar materiality or impact on operating income in future periods. Management believes that by excluding these items they gain better insight and greater transparency of the operating performance of the segments, thus aiding them in more meaningful financial trend analysis and operational decision making. For the three and nine months ended December 31, 2017 , revenues from a single Customer did not represent ten percent or more of any reportable segment’s revenues. Additional information regarding our segments is included in our consolidated financial statements included in our Annual Report on Form 10-K for the year ended March 31, 2017 , dated May 26, 2017 . Financial information for each of our segments is presented in the following table: Three Months Ended December 31, Nine Months Ended December 31, 2017 2016 2017 2016 Revenues: Healthcare Products $ 324,895 $ 324,529 $ 916,053 $ 913,882 Healthcare Specialty Services 117,389 129,178 346,934 418,814 Life Sciences 90,895 78,631 261,291 241,548 Applied Sterilization Technologies 128,721 114,436 379,745 357,323 Total revenues $ 661,900 $ 646,774 $ 1,904,023 $ 1,931,567 Segment operating income: Healthcare Products $ 64,033 $ 65,708 $ 153,763 $ 152,531 Healthcare Specialty Services 6,524 1,903 21,841 5,746 Life Sciences 27,164 23,880 76,625 70,595 Applied Sterilization Technologies 43,195 36,647 127,787 118,595 Corporate (3,506 ) (2,420 ) (13,573 ) (9,143 ) Total segment operating income $ 137,410 $ 125,718 $ 366,443 $ 338,324 Less: Adjustments Restructuring charges (1) $ 78 $ 18 $ 156 $ 220 Amortization of acquired intangible assets (2) 16,700 5,598 50,173 42,908 Acquisition and integration related charges (3) 4,428 7,032 11,850 18,893 Loss on fair value adjustment of acquisition related contingent consideration (2) — — — 1,850 Net loss on divestiture of businesses (2) 11,405 28,969 12,538 42,771 Amortization of inventory and property "step up" to fair value (2) 627 (139 ) 1,895 4,357 Goodwill impairment loss (4) — 58,356 — 58,356 Total operating income $ 104,172 $ 25,884 $ 289,831 $ 168,969 (1) For more information related to restructuring, see our Annual Report on Form 10-K for the year ended March 31, 2017 , dated May 26, 2017 . (2) For more information regarding our recent acquisitions and divestitures see Note 2 titled, "Business Acquisitions and Divestitures", as well as our Annual Report on Form 10-K for the year ended March 31, 2017 , dated May 26, 2017 . (3) Acquisition and integration related charges include transaction costs and integration expenses associated with acquisitions. (4) For more information related to our goodwill impairment loss, see our Annual Report on Form 10-K for the year ended March 31, 2017 , dated May 26, 2017 . |