Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.20.2
Segment Information (Tables)
9 Months Ended
Sep. 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 September 30, 

2020

2019

2020

2019

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

492,206

$

498,390

$

83,142

$

69,846

Distribution

244,113

220,947

32,787

23,406

Intercompany eliminations

(39,096)

(37,007)

(6,374)

(5,935)

Total

$

697,223

$

682,330

109,555

87,317

General corporate expense, net (c)

(8,032)

(6,872)

Operating profit, as reported

101,523

80,445

Other expense, net

(7,606)

(8,854)

Income before income taxes

$

93,917

$

71,591

Nine Months Ended September 30, 

2020

2019

2020

2019

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

1,434,648

$

1,430,800

$

213,136

$

189,568

Distribution

674,672

638,899

81,612

65,154

Intercompany eliminations

(112,769)

(107,928)

(18,169)

(18,013)

Total

$

1,996,551

$

1,961,771

276,579

236,709

General corporate expense, net (c)

(24,610)

(23,606)

Operating profit, as reported

251,969

213,103

Other expense, net

(24,296)

(27,228)

Income before income taxes

$

227,673

$

185,875

(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.