Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.3.1.900
Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Information  
Summary of the annual percentage of net sales by product category.

 

 

 

 

 

 

 

 

 

 

 

    

2015

    

2014

    

2013

Insulation

 

72

%

 

71

%

 

70

%

Rain gutters

 

7

 

 

7

 

 

7

 

Accessories

 

4

 

 

4

 

 

4

 

Afterpaint (shower enclosures, closet shelving, mirrors/glass, bath accessories, etc.)

 

4

 

 

4

 

 

3

 

Garage doors

 

3

 

 

3

 

 

3

 

Fireplaces

 

2

 

 

2

 

 

3

 

Roofing materials

 

2

 

 

2

 

 

3

 

Fireproofing and firestopping

 

2

 

 

1

 

 

1

 

Other

 

4

 

 

6

 

 

6

 

 

 

100

%

 

100

%

 

100

%

 

Schedule of information by segment

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

 

Operating Profit

 

 

2015

    

2014

    

2013

    

2015

    

2014

    

2013

Our operations by segment were (1):

    

 

    

    

 

    

    

 

    

    

 

    

    

 

    

    

 

    

Installation

 

$

1,057,553

 

$

963,351

 

$

904,570

 

$

55,232

 

$

23,970

 

$

6,160

Distribution

 

 

646,441

 

 

628,810

 

 

578,141

 

 

55,700

 

 

52,334

 

 

46,405

Intercompany eliminations and other adjustments (2)

 

 

(87,414)

 

 

(80,084)

 

 

(71,187)

 

 

(4,796)

 

 

(13,639)

 

 

(6,389)

Total

 

$

1,616,580

 

$

1,512,077

 

$

1,411,524

 

 

106,136

 

 

62,665

 

 

46,176

General corporate expense, net (3)

 

 

 

 

 

 

 

 

 

 

 

(22,605)

 

 

(21,948)

 

 

(22,073)

Operating profit, as reported

 

 

 

 

 

 

 

 

 

 

 

83,531

 

 

40,717

 

 

24,103

Other expense, net

 

 

 

 

 

 

 

 

 

 

 

(9,416)

 

 

(12,379)

 

 

(13,329)

Income from continuing operations before income taxes

 

 

 

 

 

 

 

 

 

 

$

74,115

 

$

28,338

 

$

10,774

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Additions

    

Depreciation and
Amortization

    

Total Assets

 

 

2015

 

2014

  

2013

  

2015

  

2014

  

2013

  

2015

 

2014

Our operations by segment were (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Installation

 

$

9,802

 

$

9,270

 

$

10,505

 

$

8,371

 

$

22,564

 

$

23,924

 

$

927,303

 

$

904,118

Distribution

 

 

3,123

 

 

3,871

 

 

3,503

 

 

3,699

 

 

3,515

 

 

3,564

 

 

574,601

 

 

572,306

Corporate

 

 

1,302

 

 

 —

 

 

 —

 

 

38

 

 

 —

 

 

 —

 

 

140,345

 

 

 —

Total, as reported

 

$

14,227

 

$

13,141

 

$

14,008

 

$

12,108

 

$

26,079

 

$

27,488

 

$

1,642,249

 

$

1,476,424

 


 

 

(1)

All of our operations are located in the United States.

 

 

(2)

Intercompany eliminations include the elimination of intercompany profit of $15.6 million, $14.1 million, and $11.2 million for the years ending December 31, 2015, 2014, and 2013, respectively.  Other adjustments primarily include differences between estimated and actual corporate costs allocated to the segments.  During the years ended December 31, 2015, 2014, and 2013, other adjustments were $10.8 million, $0.5 million, and $4.8 million, respectively.

 

 

(3)

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