BUSINESS SEGMENTS

6 Months Ended

Jun. 30, 2012

BUSINESS SEGMENTS

BUSINESS SEGMENTS

5. Business Segments

        The Company aggregates its operating segments into four reportable segments. Aggregation is based on similarity of operating segments as to economic characteristics, products, production processes, types or classes of customer and the methods of distribution. Net corporate expense is net of certain service-related expenses that are allocated to business units generally on the basis of employee headcounts and sales dollars.

        Reportable segments are as follows:

        ENGINEERED INFRASTRUCTURE PRODUCTS:    This segment consists of the manufacture of engineered metal structures and components for the global lighting and traffic, wireless communication, roadway safety and access systems applications;

        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.

        In addition to these four reportable segments, the Company has other businesses and activities that individually are not more than 10% of consolidated sales. These include the manufacture of forged steel grinding media for the mining industry, tubular products for industrial customers, electrolytic manganese dioxide for disposable batteries and the distribution of industrial fasteners and are reported in the "Other" category.

        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.

Summary by Business

	Thirteen Weeks Ended						Twenty-six Weeks Ended
	June 30, 2012			June 25, 2011			June 30, 2012			June 25, 2011
Sales:
Engineered Infrastructure Products segment:
Lighting, Traffic, and Roadway Products	$	148,541		$	145,538		$	281,838		$	262,849
Communication Products		36,488			28,297			63,183			48,720
Access Systems		40,753			32,582			78,660			63,778
Engineered Infrastructure Products segment		225,782			206,417			423,681			375,347
Utility Support Structures segment:
Steel		185,079			123,221			352,043			233,119
Concrete		27,158			13,339			51,426			29,088
Utility Support Structures segment		212,237			136,560			403,469			262,207
Coatings segment		84,837			84,161			167,684			157,611
Irrigation segment		194,496			183,701			390,762			334,749
Other		87,194			84,121			173,257			158,107
Total		804,546			694,960			1,558,853			1,288,021
Intersegment Sales:
Engineered Infrastructure Products		14,692			5,480			27,084			11,424
Utility Support Structures		467			1,951			2,447			2,259
Coatings		13,252			10,926			25,949			22,431
Irrigation		6			5			431			8
Other		8,814			7,989			18,277			15,341
Total		37,231			26,351			74,188			51,463
Net Sales:
Engineered Infrastructure Products segment		211,090			200,937			396,597			363,923
Utility Support Structures segment		211,770			134,609			401,022			259,948
Coatings segment		71,585			73,235			141,735			135,180
Irrigation segment		194,490			183,696			390,331			334,741
Other		78,380			76,132			154,980			142,766
Total	$	767,315		$	668,609		$	1,484,665		$	1,236,558
Operating Income:
Engineered Infrastructure Products	$	14,168		$	11,515		$	22,192		$	13,718
Utility Support Structures		26,574			12,984			51,678			26,483
Coatings		19,517			15,070			36,029			25,362
Irrigation		37,607			32,964			76,015			56,858
Other		12,259			11,380			23,670			20,294
Corporate		(12,773	)		(15,294	)		(29,414	)		(28,795	)
Total	$	97,352		$	68,619		$	180,170		$	113,920