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Segment Information | 12 Months Ended
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Apr. 01, 2018
Segment Reporting [Abstract] |
Segment Information | Segment Information We have three reportable segments: Industrial, Water Treatment and Health and Nutrition. Our Health and Nutrition segment was established as a result of our acquisition of Stauber near the end of the third quarter of fiscal 2016. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Product costs and expenses for each segment are based on actual costs incurred along with cost allocations of shared and centralized functions. We evaluate performance based on profit or loss from operations before income taxes not including nonrecurring gains and losses. Reportable segments are defined primarily by product and type of customer. Segments are responsible for the sales, marketing and development of their products and services. Other than our Health and Nutrition segment, the segments do not have separate accounting, administration, customer service or purchasing functions. We allocate certain corporate expenses to our operating segments, and we began allocating a portion of these costs to the Health and Nutrition segment in fiscal 2017. Corporate costs allocated to Health and Nutrition were $2.1 million in fiscal 2018 and $1.9 million in fiscal 2017; these costs would have been allocated to Industrial (approximately $1.3 million and $1.2 million in fiscal 2018 and 2017 respectively) and Water Treatment (approximately $0.8 million and $0.7 million in fiscal 2018 and 2017 respectively) in past years. There are no intersegment sales and no operating segments have been aggregated. No single customer’s revenues amounted to 10% or more of our total revenue. Sales are primarily within the United States and all assets are located within the United States.
Reportable Segments |  | Industrial |  | Water Treatment |  | Health and Nutrition |  | Total
(In thousands) |  |  |  |  |  |  |  |
Fiscal Year Ended April 1, 2018: |  |  |  |  |  |  |  |
Sales |  | $ | 247,374 |  |  | $ | 138,465 |  |  | $ | 118,330 |  |  | $ | 504,169 |
Gross profit |  | 29,619 |  |  | 36,268 |  |  | 20,873 |  |  | 86,760 |
Selling, general, and administrative expenses |  | 21,159 |  |  | 19,426 |  |  | 18,818 |  |  | 59,403 |
Goodwill impairment |  | — |  |  | — |  |  | 39,116 |  |  | 39,116 |
Operating (loss) income |  | 8,460 |  |  | 16,842 |  |  | (37,061 | ) |  | (11,759 | )
Identifiable assets* |  | $ | 165,052 |  |  | $ | 58,513 |  |  | $ | 153,123 |  |  | $ | 376,688 |
Capital Expenditures |  | $ | 10,265 |  |  | $ | 7,228 |  |  | $ | 2,210 |  |  | $ | 19,703 |
Fiscal Year Ended April 2, 2017: |  |  |  |  |  |  |  |
Sales |  | $ | 238,555 |  |  | $ | 128,954 |  |  | $ | 116,084 |  |  | $ | 483,593 |
Gross profit |  | 38,886 |  |  | 35,962 |  |  | 23,225 |  |  | 98,073 |
Selling, general, and administrative expenses |  | 21,818 |  |  | 19,798 |  |  | 17,765 |  |  | 59,381 |
Operating income |  | 17,068 |  |  | 16,164 |  |  | 5,460 |  |  | 38,692 |
Identifiable assets* |  | $ | 159,032 |  |  | $ | 53,445 |  |  | $ | 192,047 |  |  | $ | 404,524 |
Capital Expenditures |  | $ | 10,529 |  |  | $ | 7,777 |  |  | $ | 3,310 |  |  | $ | 21,616 |
Fiscal Year Ended April 3, 2016: |  |  |  |  |  |  |  |
Sales |  | $ | 251,749 |  |  | $ | 128,312 |  |  | $ | 33,915 |  |  | $ | 413,976 |
Gross profit |  | 37,967 |  |  | 35,470 |  |  | 6,820 |  |  | 80,257 |
Selling, general, and administrative expenses |  | 22,137 |  |  | 19,261 |  |  | 7,688 |  |  | 49,086 |
Operating income (loss) |  | 15,830 |  |  | 16,209 |  |  | (868 | ) |  | 31,171 |
Identifiable assets* |  | $ | 158,015 |  |  | $ | 50,013 |  |  | $ | 195,939 |  |  | $ | 403,967 |
Capital Expenditures |  | $ | 17,712 |  |  | $ | 6,306 |  |  | $ | 165 |  |  | $ | 24,183 |
* Unallocated assets, consisting primarily of cash and cash equivalents, investments and prepaid expenses, were $14.3 million at April 1, 2018, $13.1 million at April 2, 2017 and $32.8 million at April 3, 2016. In fiscal 2016, operating profit for the Health and Nutrition segment was negatively impacted by $3.3 million (pre-tax) of non-recurring SG&A expenses directly related to the acquisition by Hawkins.

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- 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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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