XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Data | 9 Months Ended
--- | ---
Jul. 30, 2021
Segment Reporting [Abstract] |
Segment Data |
3 | Segment Data
The company's businesses are organized, managed, and internally grouped into segments based on similarities in products and services. Segment selection is based on the manner in which management organizes segments for making operating and investment decisions and assessing performance. The company has identified eleven operating segments and has aggregated certain of those segments into two reportable segments: Professional and Residential. The aggregation of the company's segments is based on the segments having the following similarities: economic characteristics, types of products and services, types of production processes, type or class of customers, and method of distribution. The company's remaining activities are presented as "Other" due to their insignificance. As further described in Note 7, Divestiture, during the first quarter of fiscal 2021, the company completed the sale of its Northeastern U.S. distribution company. As a result, for the three and nine month periods ended July 30, 2021, the company's Other activities consisted of the company's wholly-owned domestic distribution company, the company's corporate activities, and the elimination of intersegment revenues and expenses. For the three and nine month periods ended July 31, 2020, the company's Other activities consisted of the company's wholly-owned domestic distribution companies, the company's corporate activities, and the elimination of intersegment revenues and expenses. The following tables present summarized financial information concerning the company’s reportable segments and Other activities (in thousands):
Three Months Ended July 30, 2021 |  | Professional |  | Residential |  | Other |  | Total
Net sales |  | $ | 718,477 |  |  | $ | 252,117 |  |  | $ | 6,242 |  |  | $ | 976,836 |
Intersegment gross sales (eliminations) |  | 8,241 |  |  | 13 |  |  | (8,254) |  |  | — |
Earnings (loss) before income taxes |  | $ | 122,331 |  |  | $ | 31,548 |  |  | $ | (36,428) |  |  | $ | 117,451 |
Nine Months Ended July 30, 2021 |  | Professional |  | Residential |  | Other |  | Total
Net sales |  | $ | 2,197,058 |  |  | $ | 784,852 |  |  | $ | 17,019 |  |  | $ | 2,998,929 |
Intersegment gross sales (eliminations) |  | 24,034 |  |  | 39 |  |  | (24,073) |  |  | — |
Earnings (loss) before income taxes |  | 406,279 |  |  | 109,642 |  |  | (85,401) |  |  | 430,520 |
Total assets |  | $ | 1,949,681 |  |  | $ | 327,064 |  |  | $ | 691,304 |  |  | $ | 2,968,049 |
Three Months Ended July 31, 2020 |  | Professional |  | Residential |  | Other |  | Total
Net sales |  | $ | 623,615 |  |  | $ | 204,961 |  |  | $ | 12,396 |  |  | $ | 840,972 |
Intersegment gross sales (eliminations) |  | 12,738 |  |  | 23 |  |  | (12,761) |  |  | — |
Earnings (loss) before income taxes |  | $ | 113,652 |  |  | $ | 28,545 |  |  | $ | (31,204) |  |  | $ | 110,993 |
Nine Months Ended July 31, 2020 |  | Professional |  | Residential |  | Other |  | Total
Net sales |  | $ | 1,879,423 |  |  | $ | 632,807 |  |  | $ | 25,623 |  |  | $ | 2,537,853 |
Intersegment gross sales (eliminations) |  | 38,151 |  |  | 84 |  |  | (38,235) |  |  | — |
Earnings (loss) before income taxes |  | 322,385 |  |  | 87,233 |  |  | (91,115) |  |  | 318,503 |
Total assets |  | $ | 1,967,882 |  |  | $ | 268,562 |  |  | $ | 577,419 |  |  | $ | 2,813,863 |
The following table presents the details of operating loss before income taxes for the company's Other activities:
|  | Three Months Ended |  | Nine Months Ended
(Dollars in thousands) |  | July 30, 2021 |  | July 31, 2020 |  | July 30, 2021 |  | July 31, 2020
Corporate expenses |  | $ | (33,797) |  |  | $ | (29,078) |  |  | $ | (78,814) |  |  | $ | (76,961) |
Interest expense |  | (7,016) |  |  | (8,304) |  |  | (21,662) |  |  | (25,119) |
Earnings from wholly-owned domestic distribution companies and other income, net |  | 4,385 |  |  | 6,178 |  |  | 15,075 |  |  | 10,965 |
Total operating loss |  | $ | (36,428) |  |  | $ | (31,204) |  |  | $ | (85,401) |  |  | $ | (91,115) |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration