Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.4.0.3
Segment Information
3 Months Ended
Mar. 31, 2016
Segment Information  
Segment Information

7. SEGMENT INFORMATION

 

Information about us by segment is as follows, in thousands:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

    

2016

    

2015

    

2016

    

2015

 

 

Net Sales

 

Operating Profit (Loss) (2)

Our operations by segment were (1):

 

 

 

 

 

 

 

 

 

 

 

 

Installation

 

$

272,878

 

$

233,363

 

$

13,506

 

$

(1,032)

Distribution

 

 

160,888

 

 

144,611

 

 

14,333

 

 

11,377

Intercompany eliminations and other adjustments (3)

 

 

(19,742)

 

 

(19,514)

 

 

(3,352)

 

 

(3,589)

Total

 

$

414,024

 

$

358,460

 

 

24,487

 

 

6,756

General corporate expense, net (4)

 

 

 

 

 

 

 

 

(4,720)

 

 

(7,903)

Operating profit (loss), as reported

 

 

 

 

 

 

 

 

19,767

 

 

(1,147)

Other expense, net

 

 

 

 

 

 

 

 

(1,598)

 

 

(3,153)

Income (loss) from continuing operations before income taxes

 

 

 

 

 

 

 

$

18,169

 

$

(4,300)

 


(1)

All of our operations are located in the United States.

 

(2)

Segment operating profit for the three months ended March 31, 2016, 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).  Segment operating profit for the three months ended March 31, 2015, includes an estimate of general corporate expenses calculated based on a percentage of sales.  For the three months ended March 31, 2015, the $0.4 million difference between estimated expenses and actual corporate expenses is recorded in intercompany eliminations and other adjustments.

 

(3)

Intercompany eliminations include the elimination of intercompany profit of $3.4 million for each of the three months ended March 31, 2016 and 2015.  Other adjustments primarily include differences between estimated and actual corporate costs allocated to the segments for the three months ended March 31, 2015, as noted in footnote (2) above.

 

(4)

General corporate expense, net included those expenses not specifically attributable to our segments.