BUSINESS SEGMENTS

6 Months Ended

Jul. 01, 2017

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

The accounting principles used in the preparation of the segment information are the same as those used for the consolidated financial statements as disclosed in Note 1, except that the segment assets and income reflect the FIFO basis of accounting for inventory. Certain inventories are accounted for using the LIFO basis in the consolidated financial statements. In the first quarter of 2017, the Company changed its reportable segment operating income to separate out the LIFO expense (benefit). Prior year financial information has been updated to reflect this change.

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 offshore 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.

The Company evaluates the performance of its business segments based upon operating income and invested capital. The Company does not allocate LIFO expense, interest expense, non-operating income and deductions, or income taxes to its business segments.

(7) BUSINESS SEGMENTS (Continued)

Summary by Business

	Thirteen Weeks Ended						Twenty-six Weeks Ended
	July 1, 2017			June 25, 2016			July 1, 2017			June 25, 2016
SALES:
Engineered Support Structures segment:
Lighting, Traffic, and Roadway Products	$	173,768		$	163,191		$	322,850		$	309,493
Communication Products	43,813			40,725			75,289			71,394
Engineered Support Structures segment	217,581			203,916			398,139			380,887
Energy and Mining segment:
Offshore and Other Complex Steel Structures	24,619			25,908			50,326			48,877
Grinding Media	21,072			21,018			40,666			40,508
Access Systems	31,516			33,766			64,187			63,756
Energy and Mining segment	77,207			80,692			155,179			153,141
Utility Support Structures segment:
Steel	161,716			126,101			310,124			248,072
Concrete	22,906			25,144			49,110			47,693
Utility Support Structures segment	184,622			151,245			359,234			295,765
Coatings segment	79,781			75,298			153,249			143,879
Irrigation segment	188,287			152,252			355,511			310,766
Total	747,478			663,403			1,421,312			1,284,438
INTERSEGMENT SALES:
Engineered Support Structures segment	16,456			8,114			36,663			19,126
Energy & Mining segment	—			1,409			—			3,067
Utility Support Structures segment	982			86			1,217			262
Coatings segment	15,181			11,886			29,317			21,699
Irrigation segment	2,122			1,659			3,905			3,430
Total	34,741			23,154			71,102			47,584
NET SALES:
Engineered Support Structures segment	201,125			195,802			361,476			361,761
Energy & Mining segment	77,207			79,283			155,179			150,074
Utility Support Structures segment	183,640			151,159			358,017			295,503
Coatings segment	64,600			63,412			123,932			122,180
Irrigation segment	186,165			150,593			351,606			307,336
Total	$	712,737		$	640,249		$	1,350,210		$	1,236,854
OPERATING INCOME:
Engineered Support Structures segment	$	20,244		$	20,817		$	29,457		$	33,292
Energy & Mining segment	3,941			3,341			7,778			5,243
Utility Support Structures segment	20,189			17,582			42,897			32,006
Coatings segment	12,108			14,023			21,514			25,436
Irrigation segment	34,670			31,013			64,961			59,908
Adjustment to LIFO inventory valuation method	(434		)	(3,153		)	(1,213		)	(1,126		)
Corporate	(12,428		)	(11,817		)	(22,602		)	(20,588		)
Total	$	78,290		$	71,806		$	142,792		$	134,171