XML 26 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Data
 9 Months Ended
Jul. 29, 2016
Segment Data  
Segment Data

 

Note 9 — 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 the company-owned domestic distributorship, 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 July 29, 2016

 

Professional

 

Residential

 

Other

 

Total

 

Net sales

 

$
427,784

 

$
167,815

 

$
5,381

 

$
600,980

 

Intersegment gross sales

 
6,134

 
92

 
(6,226

)

—

 

Earnings (loss) before income taxes

 
89,096

 
12,767

 
(21,076

)
80,787

 

 

Three months ended July 31, 2015

 

Professional

 

Residential

 

Other

 

Total

 

Net sales

 

$
421,994

 

$
175,977

 

$
11,644

 

$
609,615

 

Intersegment gross sales

 
10,365

 
222

 
(10,587

)

—

 

Earnings (loss) before income taxes

 
82,253

 
20,566

 
(25,203

)
77,616

 

 

Nine months ended July 29, 2016

 

Professional

 

Residential

 

Other

 

Total

 

Net sales

 

$
1,361,829

 

$
550,330

 

$
11,660

 

$
1,923,819

 

Intersegment gross sales

 
24,100

 
289

 
(24,389

)

—

 

Earnings (loss) before income taxes

 
292,311

 
64,494

 
(68,079

)
288,726

 

Total assets

 
803,414

 
215,509

 
448,539

 
1,467,462

 

 

Nine months ended July 31, 2015

 

Professional

 

Residential

 

Other

 

Total

 

Net sales

 

$
1,314,474

 

$
578,587

 

$
17,007

 

$
1,910,068

 

Intersegment gross sales

 
38,651

 
410

 
(39,061

)

—

 

Earnings (loss) before income taxes

 
258,727

 
69,131

 
(72,132

)
255,726

 

Total assets

 
846,400

 
226,835

 
286,716

 
1,359,951

 

 

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

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

July 29,

 

July 31,

 

July 29,

 

July 31,

 

(Dollars in thousands)

 

2016

 

2015

 

2016

 

2015

 

Corporate expenses

 

$
(19,872

)

$
(26,989

)

$
(68,270

)

$
(68,434

)

Interest expense, net

 
(4,646

)
(4,587

)
(14,021

)
(14,071

)

Other

 
3,442

 
6,373

 
14,212

 
10,373

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
(21,076

)

$
(25,203

)

$
(68,079

)

$
(72,132

)