Segment profit is defined as segment revenue less segment direct operating, distribution and marketing, and general and administration expenses. The reconciliation of total segment profit to the Company’s income (loss) before income taxes is as follows:
Includes share-based compensation expense of $25.0 million , $32.5 million , and $18.8 million for the years ended March 31, 2012 , 2011 and 2010 , respectively. During the year ended March 31, 2011 the Company incurred $21.9 million of share-based compensation expense associated with the immediate vesting of equity awards of certain executive officers triggered by the “change in control” provisions in their respective employment agreements. The year ended March 31, 2012 includes a benefit of $1.7 million associated with a shareholder activist matter, compared to charges of $22.9 million and $5.8 million for the years ended March 31, 2011 and 2010 , respectively. The benefit associated with a shareholder activist matter in the year ended March 31, 2012 includes a $3.9 million benefit, recorded in the quarter ended June 30, 2011, related to a negotiated settlement with a vendor of costs incurred and recorded in the prior fiscal year, and insurance recoveries of related litigation offset by other costs. The year ended March 31, 2012 also includes severance and transaction costs related to the acquisition of Summit of $12.0 million .
The following table sets forth significant assets as broken down by segment and other unallocated assets as of March 31, 2012 and March 31, 2011 :
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Purchases of property and equipment amounted to $1.9 million , $2.8 million and $3.7 million for the years ended March 31, 2012 , 2011 , and 2010 , respectively, all primarily pertaining to purchases for the Company’s corporate headquarters.
Revenue by geographic location, based on the location of the customers, with no other foreign country individually comprising greater than 10% of total revenue, is as follows: