Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2019
Segment Information  
Schedule of net sales and operating results by segment

The following table sets forth our net sales and operating results by segment, in thousands:

Three Months Ended June 30, 

2019

2018

2019

2018

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

483,028

$

429,423

$

68,423

$

49,635

Distribution

213,487

205,621

21,151

20,009

Intercompany eliminations

(36,403)

(29,075)

(6,405)

(5,277)

Total

$

660,112

$

605,969

83,169

64,367

General corporate expense, net (c)

(7,130)

(20,686)

Operating profit, as reported

76,039

43,681

Other expense, net

(9,105)

(7,240)

Income before income taxes

$

66,934

$

36,441

Six Months Ended June 30, 

2019

2018

2019

2018

Net Sales

Operating Profit (b)

Our operations by segment were (a):

Installation

$

932,410

$

758,817

$

119,722

$

78,965

Distribution

417,951

393,387

41,748

37,912

Intercompany eliminations

(70,919)

(54,792)

(12,078)

(9,725)

Total

$

1,279,442

$

1,097,412

149,392

107,152

General corporate expense, net (c)

(16,734)

(29,579)

Operating profit, as reported

132,658

77,573

Other expense, net

(18,374)

(9,530)

Income before income taxes

$

114,284

$

68,043

(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.