v2.3.0.11
Segment Information
 9 Months Ended
Aug. 28, 2011
Segment Reporting [Abstract]  
Segment Information [Text Block]
SEGMENT INFORMATION


The Company has determined that it has four operating and three reportable segments: Fiberglass-Composite Pipe, Water Transmission and Infrastructure Products.  Infrastructure Products consists of two operating segments, the Pole Products and Hawaii Divisions, which are aggregated.  Each of the segments has a dedicated management team and is managed separately, primarily because of differences in products.  Historically, TAMCO was not included in any of these segments. The Company's Chief Operating Decision Maker is the Chief Executive Officer who primarily reviews sales and income before interest, income taxes and equity in earnings of affiliate for each operating segment in making decisions about allocating resources and assessing performance.  The Company allocates certain selling, general and administrative expenses to operating segments utilizing assumptions believed to be appropriate in the circumstances.  Costs of certain shared services (e.g., costs of Company-wide insurance programs or benefit plans) are allocated to the operating segments based on revenue, wages or net assets employed.  Other items not related to current operations or of an unusual nature are not allocated to the reportable segments, such as adjustments to reflect inventory balances of certain steel inventories under the last-in, first-out (“LIFO”) method, certain unusual legal costs and expenses, interest expense and income taxes.


Following is information related to each reportable segment included in, and in a manner consistent with, internal management reports:
 
 
Three Months Ended
 
Nine Months Ended
(In thousands)
 
August 28,

2011
 
August 29,

2010
 
August 28,

2011
 
August 29,

2010
Sales
 
 
 
 
 
 
 
 
Fiberglass-Composite Pipe
 
$
71,303


 
$
60,128


 
$
196,045


 
$
179,302


Water Transmission
 
41,409


 
41,432


 
105,423


 
108,532


Infrastructure Products
 
33,757


 
32,615


 
89,550


 
91,933


Eliminations
 
(1
)
 
24


 
(5
)
 
(6
)
Total Sales
 
$
146,468


 
$
134,199


 
$
391,013


 
$
379,761


 
 
 
 
 
 
 
 
 
Income/(Loss) Before Interest, Income Taxes and Equity in Loss of Affiliate
 
 
 
 
 
 
 
 
Fiberglass-Composite Pipe
 
$
11,777


 
$
14,784


 
$
35,841


 
$
46,614


Water Transmission
 
(3,160
)
 
2,121


 
(11,136
)
 
491


Infrastructure Products
 
4,160


 
3,436


 
4,944


 
7,020


Corporate and unallocated
 
(10,287
)
 
(9,679
)
 
(30,690
)
 
(28,575
)
Total Income/(Loss) Before Interest, Income Taxes and Equity in Loss of Affiliate
 
$
2,490


 
$
10,662


 
$
(1,041
)
 
$
25,550




 
(In thousands)
 
August 28,

2011
 
November 30,

2010
Assets
 
 
 
 
Fiberglass-Composite Pipe
 
$
312,918


 
$
335,135


Water Transmission
 
191,902


 
182,576


Infrastructure Products
 
102,464


 
92,729


Corporate and unallocated
 
292,969


 
343,070


Eliminations
 
(151,061
)
 
(171,941
)
Total Assets
 
$
749,192


 
$
781,569