XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.5.0.2

BUSINESS SEGMENTS | 9 Months Ended
--- | ---
Sep. 24, 2016
Segment Reporting [Abstract] |
BUSINESS SEGMENTS | BUSINESS SEGMENTS In the fourth quarter of 2015, the Company changed its reportable segment structure to improve transparency. The Company now has five reportable segments and its management structure was changed to align with this new reporting structure. A new reportable segment, Energy & Mining, includes the businesses primarily serving the energy and mining end markets. This segment includes the access systems applications businesses and offshore structures business that was formerly part of the Engineered Infrastructure Products (EIP) segment, and the grinding media business that was formerly included in the "Other" category. The remaining businesses from the EIP segment was also renamed "Engineered Support Structures". The last change in the reporting structure was moving the tubing business from the "Other" category to the Irrigation segment. Prior year information in this footnote has been updated to match the new reportable segment structure. Reportable segments are as follows: ENGINEERED SUPPORT STRUCTURES: This segment consists of the manufacture of engineered metal structures and components for the global lighting and traffic, wireless communication, and roadway safety industries; ENERGY AND MINING: This segment, all outside of the United States, consists of the manufacture of access systems applications, forged steel grinding media, on and off shore oil, gas, and wind energy structures; UTILITY SUPPORT STRUCTURES: This segment consists of the manufacture of engineered steel and concrete structures for the global utility industry; COATINGS: This segment consists of galvanizing, anodizing and powder coating services on a global basis; and IRRIGATION: This segment consists of the manufacture of agricultural irrigation equipment and related parts and services for the global agricultural industry and tubular products for industrial customers. Due to the business reorganization and restructuring activities that occurred in 2015, there are no longer business operations included in Other for fiscal 2016. In 2015, the Company had other businesses and activities that individually were not more than 1% of consolidated sales. The accounting policies of the reportable segments are the same as those described in Note 1. The Company evaluates the performance of its business segments based upon operating income and invested capital. The Company does not allocate interest expense, non-operating income and deductions, or income taxes to its business segments. (7) BUSINESS SEGMENTS (Continued) Summary by Business
| Thirteen Weeks Ended |  | Thirty-nine Weeks Ended
| September 24, 2016 |  | September 26, 2015 |  | September 24, 2016 |  | September 26, 2015
SALES: |  |  |  |  |  |  |
Engineered Support Structures segment: |  |  |  |  |  |  |
Lighting, Traffic, and Roadway Products | $ | 159,089 |  |  | $ | 147,470 |  |  | $ | 468,582 |  |  | $ | 447,639 |
Communication Products | 44,095 |  |  | 51,940 |  |  | 115,489 |  |  | 130,431 |
Engineered Support Structures segment | 203,184 |  |  | 199,410 |  |  | 584,071 |  |  | 578,070 |
Energy and Mining segment: |  |  |  |  |  |  |
Offshore and Other Complex Steel Structures | 27,330 |  |  | 26,813 |  |  | 76,207 |  |  | 74,796 |
Grinding Media | 20,681 |  |  | 24,228 |  |  | 61,189 |  |  | 77,575 |
Access Systems | 33,541 |  |  | 33,691 |  |  | 97,297 |  |  | 106,724 |
Energy and Mining segment | 81,552 |  |  | 84,732 |  |  | 234,693 |  |  | 259,095 |
Utility Support Structures segment: |  |  |  |  |  |  |
Steel | 131,085 |  |  | 135,997 |  |  | 379,157 |  |  | 433,695 |
Concrete | 19,582 |  |  | 28,687 |  |  | 67,275 |  |  | 70,259 |
Utility Support Structures segment | 150,667 |  |  | 164,684 |  |  | 446,432 |  |  | 503,954 |
Coatings segment | 70,082 |  |  | 76,201 |  |  | 213,961 |  |  | 226,654 |
Irrigation segment | 127,809 |  |  | 126,775 |  |  | 438,575 |  |  | 474,655 |
Other | — |  |  | 1,691 |  |  | — |  |  | 6,202 |
Total | 633,294 |  |  | 653,493 |  |  | 1,917,732 |  |  | 2,048,630 |
INTERSEGMENT SALES: |  |  |  |  |  |  |
Engineered Support Structures segment | 10,076 |  |  | 5,027 |  |  | 29,202 |  |  | 16,266 |
Energy & Mining segment | 319 |  |  | 1,950 |  |  | 3,386 |  |  | 2,051 |
Utility Support Structures segment | 276 |  |  | 287 |  |  | 538 |  |  | 849 |
Coatings segment | 10,079 |  |  | 11,428 |  |  | 31,778 |  |  | 36,153 |
Irrigation segment | 2,297 |  |  | 1,287 |  |  | 5,727 |  |  | 4,769 |
Other | — |  |  | 939 |  |  | — |  |  | 3,446 |
Total | 23,047 |  |  | 20,918 |  |  | 70,631 |  |  | 63,534 |
NET SALES: |  |  |  |  |  |  |
Engineered Support Structures segment | 193,108 |  |  | 194,383 |  |  | 554,869 |  |  | 561,804 |
Energy & Mining segment | 81,233 |  |  | 82,782 |  |  | 231,307 |  |  | 257,044 |
Utility Support Structures segment | 150,391 |  |  | 164,397 |  |  | 445,894 |  |  | 503,105 |
Coatings segment | 60,003 |  |  | 64,773 |  |  | 182,183 |  |  | 190,501 |
Irrigation segment | 125,512 |  |  | 125,488 |  |  | 432,848 |  |  | 469,886 |
Other | — |  |  | 752 |  |  | — |  |  | 2,756 |
Total | $ | 610,247 |  |  | $ | 632,575 |  |  | $ | 1,847,101 |  |  | $ | 1,985,096 |
OPERATING INCOME: |  |  |  |  |  |  |
Engineered Support Structures segment | $ | 19,577 |  |  | $ | 20,073 |  |  | $ | 54,753 |  |  | $ | 45,742 |
Energy & Mining segment | 3,941 |  |  | (4,302 | ) |  | 9,184 |  |  | 2,762 |
Utility Support Structures segment | 16,030 |  |  | 14,505 |  |  | 48,326 |  |  | 40,261 |
Coatings segment | 11,696 |  |  | 3,145 |  |  | 37,132 |  |  | 22,006 |
Irrigation segment | 14,153 |  |  | 14,194 |  |  | 70,761 |  |  | 76,233 |
Other | — |  |  | (1,386 | ) |  | — |  |  | (3,765 | )
Corporate | (12,157 | ) |  | (9,217 | ) |  | (32,745 | ) |  | (34,544 | )
Total | $ | 53,240 |  |  | $ | 37,012 |  |  | $ | 187,411 |  |  | $ | 148,695 |

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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration