Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 2019
Segment Information  
Schedule of net sales and operating results by segment

The following table sets forth our net sales and operating results by segment, in thousands:

Three Months Ended September 30, 

2019

2018

2019

2018

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

498,390

$

464,540

$

69,846

$

61,004

Distribution

220,947

212,948

23,406

19,229

Intercompany eliminations

(37,007)

(30,199)

(5,935)

(5,658)

Total

$

682,330

$

647,289

87,317

74,575

General corporate expense, net (c)

(6,872)

(8,358)

Operating profit, as reported

80,445

66,217

Other expense, net

(8,854)

(9,203)

Income before income taxes

$

71,591

$

57,014

Nine Months Ended September 30, 

2019

2018

2019

2018

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

1,430,800

$

1,223,357

$

189,568

$

139,969

Distribution

638,899

606,335

65,154

57,141

Intercompany eliminations

(107,928)

(84,990)

(18,013)

(15,382)

Total

$

1,961,771

$

1,744,702

236,709

181,728

General corporate expense, net (c)

(23,606)

(37,937)

Operating profit, as reported

213,103

143,791

Other expense, net

(27,228)

(18,734)

Income before income taxes

$

185,875

$

125,057

(a) All of our operations are located in the U.S.
(b) Segment operating profit includes an allocation of general corporate expenses attributable to the operating segments which is based on direct benefit or usage (such as salaries of corporate employees who directly support the segment).
(c) General corporate expense, net includes expenses not specifically attributable to our segments for functions such as corporate human resources, finance, and legal, including salaries, benefits, and other related costs.