XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.22.1

Segment Data | 6 Months Ended
--- | ---
Apr. 29, 2022
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 the company's chief operating decision maker organizes segments for making operating and investment decisions and assessing performance. The company has identified twelve operating segments and has aggregated certain of those operating 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. The company's Other activities consist of the company's wholly-owned domestic distribution company, 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 business segments and Other activities (in thousands):
Three Months Ended April 29, 2022 |  | Professional |  | Residential |  | Other |  | Total
Net sales |  | $ | 925,810 |  |  | $ | 319,675 |  |  | $ | 3,993 |  |  | $ | 1,249,478 |
Intersegment gross sales (eliminations) |  | 7,348 |  |  | 20 |  |  | (7,368) |  |  | — |
Earnings (loss) before income taxes |  | $ | 165,370 |  |  | $ | 37,095 |  |  | $ | (37,409) |  |  | $ | 165,056 |
Six Months Ended April 29, 2022 |  | Professional |  | Residential |  | Other |  | Total
Net sales |  | $ | 1,598,695 |  |  | $ | 575,077 |  |  | $ | 8,356 |  |  | $ | 2,182,128 |
Intersegment gross sales (eliminations) |  | 12,765 |  |  | 35 |  |  | (12,800) |  |  | — |
Earnings (loss) before income taxes |  | 258,642 |  |  | 68,855 |  |  | (75,294) |  |  | 252,203 |
Total assets |  | $ | 2,589,796 |  |  | $ | 477,926 |  |  | $ | 411,584 |  |  | $ | 3,479,306 |
Three Months Ended April 30, 2021 |  | Professional |  | Residential |  | Other |  | Total
Net sales |  | $ | 828,358 |  |  | $ | 315,035 |  |  | $ | 5,714 |  |  | $ | 1,149,107 |
Intersegment gross sales (eliminations) |  | 9,151 |  |  | 10 |  |  | (9,161) |  |  | — |
Earnings (loss) before income taxes |  | $ | 167,132 |  |  | $ | 45,986 |  |  | $ | (35,875) |  |  | $ | 177,243 |
Six Months Ended April 30, 2021 |  | Professional |  | Residential |  | Other |  | Total
Net sales |  | $ | 1,478,581 |  |  | $ | 532,735 |  |  | $ | 10,777 |  |  | $ | 2,022,093 |
Intersegment gross sales (eliminations) |  | 15,793 |  |  | 26 |  |  | (15,819) |  |  | — |
Earnings (loss) before income taxes |  | 283,948 |  |  | 78,094 |  |  | (48,973) |  |  | 313,069 |
Total assets |  | $ | 1,980,708 |  |  | $ | 365,040 |  |  | $ | 650,361 |  |  | $ | 2,996,109 |
The following table presents the details of operating loss before income taxes for the company's Other activities:
|  | Three Months Ended |  | Six Months Ended
(Dollars in thousands) |  | April 29, 2022 |  | April 30, 2021 |  | April 29, 2022 |  | April 30, 2021
Corporate expenses |  | $ | (30,715) |  |  | $ | (33,714) |  |  | $ | (63,543) |  |  | $ | (45,017) |
Interest expense |  | (8,024) |  |  | (7,124) |  |  | (15,037) |  |  | (14,646) |
Earnings from wholly-owned domestic distribution companies and other income, net |  | 1,330 |  |  | 4,963 |  |  | 3,286 |  |  | 10,690 |
Total operating loss |  | $ | (37,409) |  |  | $ | (35,875) |  |  | $ | (75,294) |  |  | $ | (48,973) |

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