Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2021
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, 

2021

2020

2021

2020

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

605,625

$

466,569

$

99,066

$

69,643

Distribution

273,364

216,336

42,856

24,155

Intercompany eliminations

(44,734)

(36,806)

(6,932)

(5,961)

Total

$

834,255

$

646,099

134,990

87,837

General corporate expense, net (c)

(6,704)

(7,383)

Operating profit, as reported

128,286

80,454

Other expense, net

(6,039)

(8,188)

Income before income taxes

$

122,247

$

72,266

Six Months Ended June 30, 

2021

2020

2021

2020

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

1,138,378

$

942,442

$

172,702

$

129,994

Distribution

524,965

430,558

78,241

48,825

Intercompany eliminations

(86,290)

(73,673)

(13,460)

(11,795)

Total

$

1,577,053

$

1,299,327

237,483

167,024

General corporate expense, net (c)

(13,311)

(16,581)

Operating profit, as reported

224,172

150,443

Other expense, net

(26,425)

(16,690)

Income before income taxes

$

197,747

$

133,753

(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.