Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.21.2
Segment Information
9 Months Ended
Sep. 30, 2021
Segment Information  
Segment Information

7.  SEGMENT INFORMATION

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

Three Months Ended September 30, 

2021

2020

2021

2020

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

612,900

$

492,206

$

105,046

$

83,142

Distribution

276,398

244,113

47,162

32,787

Intercompany eliminations

(43,541)

(39,096)

(7,590)

(6,374)

Total

$

845,757

$

697,223

144,618

109,555

General corporate expense, net (c)

(10,812)

(8,032)

Operating profit, as reported

133,806

101,523

Other expense, net

(5,437)

(7,606)

Income before income taxes

$

128,369

$

93,917

Nine Months Ended September 30, 

2021

2020

2021

2020

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

1,751,278

$

1,434,648

$

277,748

$

213,136

Distribution

801,363

674,672

125,403

81,612

Intercompany eliminations

(129,831)

(112,769)

(21,050)

(18,169)

Total

$

2,422,810

$

1,996,551

382,101

276,579

General corporate expense, net (c)

(24,124)

(24,610)

Operating profit, as reported

357,977

251,969

Other expense, net

(31,862)

(24,296)

Income before income taxes

$

326,115

$

227,673

(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.