XML 41 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Segment Information
 12 Months Ended
Mar. 28, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
We have three reportable segments: Industrial, Water Treatment and Health and Nutrition. 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. There are no intersegment sales and no operating segments have been aggregated.
Reportable SegmentsIndustrialWater
Treatment		Health and NutritionTotal
(In thousands)   
Fiscal Year Ended March 28, 2021:
Sales$273,361 $170,004 $153,506 $596,871 
Gross profit43,337 46,793 33,632 123,762 
Selling, general, and administrative expenses27,033 24,453 16,398 67,884 
Operating income16,304 22,340 17,234 55,878 
Identifiable assets*$181,478 $109,761 $166,558 $457,797 
       Capital expenditures$13,713 $6,732 $349 $20,794 
Fiscal Year Ended March 29, 2020:
Sales$275,224 $159,895 $105,079 $540,198 
Gross profit38,936 41,902 20,079 100,917 
Selling, general, and administrative expenses24,123 19,801 15,322 59,246 
Operating income (loss)14,813 22,101 4,757 41,671 
Identifiable assets*$173,068 $63,506 $139,780 $376,354 
       Capital expenditures$14,933 $9,160 $456 $24,549 
Fiscal Year Ended March 31, 2019:
Sales$281,860 $149,490 $124,976 $556,326 
Gross profit34,900 37,986 23,050 95,936 
Selling, general, and administrative expenses22,759 19,498 16,861 59,118 
Operating income12,141 18,488 6,189 36,818 
Identifiable assets*$162,926 $58,274 $146,042 $367,242 
       Capital expenditures$7,319 $4,506 $793 $12,618 
* Unallocated assets not included, consisting primarily of cash and cash equivalents, investments and prepaid expenses, were $14.8 million at March 28, 2021, $13.0 million at March 29, 2020 and $18.4 million at March 31, 2019.