Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.20.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2020
Segment Information  
Schedule of net sales and operating results by segment

The following tables set forth our net sales and operating results by segment, in thousands:

Three Months Ended June 30, 

2020

2019

2020

2019

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

466,569

$

483,028

$

69,643

$

68,423

Distribution

216,336

213,487

24,155

21,151

Intercompany eliminations

(36,806)

(36,403)

(5,961)

(6,405)

Total

$

646,099

$

660,112

87,837

83,169

General corporate expense, net (c)

(7,383)

(7,130)

Operating profit, as reported

80,454

76,039

Other expense, net

(8,188)

(9,105)

Income before income taxes

$

72,266

$

66,934

Six Months Ended June 30, 

2020

2019

2020

2019

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

942,442

$

932,410

$

129,994

$

119,722

Distribution

430,558

417,951

48,825

41,748

Intercompany eliminations

(73,673)

(70,919)

(11,795)

(12,078)

Total

$

1,299,327

$

1,279,442

167,024

149,392

General corporate expense, net (c)

(16,581)

(16,734)

Operating profit, as reported

150,443

132,658

Other expense, net

(16,690)

(18,374)

Income before income taxes

$

133,753

$

114,284

(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.