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Segment Data
 3 Months Ended
Jan. 30, 2015
Segment Data  
Segment Data

 

Segment Data

 

The presentation of segment information reflects the manner in which management organizes segments for making operating decisions and assessing performance. On this basis, the company has determined it has three reportable business segments: Professional, Residential, and Distribution. The Distribution segment, which consists of company-owned domestic distributorships, has been combined with the company’s corporate activities and elimination of intersegment revenues and expenses that is shown as “Other” in the following tables due to the insignificance of the segment.

 

The following table shows the summarized financial information concerning the company’s reportable segments:

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Three months ended January 30, 2015

 

Professional

 

Residential

 

Other

 

Total

 

Net sales

 

$
339,706

 

$
134,743

 

$
(238

)

$
474,211

 

Intersegment gross sales

 
10,520

 
84

 
(10,604

)

—

 

Earnings (loss) before income taxes

 
55,659

 
13,727

 
(27,413

)
41,973

 

Total assets

 
866,760

 
214,652

 
240,756

 
1,322,168

 

 

Three months ended January 31, 2014

 

Professional

 

Residential

 

Other

 

Total

 

Net sales

 

$
295,468

 

$
147,570

 

$
2,943

 

$
445,981

 

Intersegment gross sales

 
5,476

 
122

 
(5,598

)

—

 

Earnings (loss) before income taxes

 
47,463

 
18,134

 
(26,842

)
38,755

 

Total assets

 
604,180

 
201,580

 
233,835

 
1,039,595

 

 

The following table summarizes the components of the loss before income taxes included in “Other” shown above:

 

 

 

Three Months Ended

 

 

 

January 30,

 

January 31,

 

(Dollars in thousands)

 

2015

 

2014

 

Corporate expenses

 

$
(21,970

)

$
(22,571

)

Interest expense

 
(4,716

)
(3,753

)

Other

 
(727

)
(518

)

Total

 

$
(27,413

)

$
(26,842

)