BUSINESS SEGMENTS

9 Months Ended

Sep. 29, 2012

BUSINESS SEGMENTS

BUSINESS SEGMENTS

(6) 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 servicerelated 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						Thirty-nine Weeks Ended
	September 29, 2012			September 24, 2011			September 29, 2012			September 24, 2011
SALES:
Engineered Infrastructure Products segment:
Lighting, Traffic, and Roadway Products	$	152,672		$	157,273		$	434,510		$	420,122
Communication Products		36,446			28,612			99,629			77,332
Access Systems		40,192			36,358			118,852			100,136
Engineered Infrastructure Products segment		229,310			222,243			652,991			597,590
Utility Support Structures segment:
Steel		184,030			140,926			536,073			374,045
Concrete		33,465			18,889			84,891			47,977
Utility Support Structures segment		217,495			159,815			620,964			422,022
Coatings segment		83,713			80,806			251,397			238,417
Irrigation segment		156,452			150,618			547,214			485,367
Other		72,500			88,870			245,757			246,977
Total		759,470			702,352			2,318,323			1,990,373
INTERSEGMENT SALES:
Engineered Infrastructure Products		9,978			6,611			37,062			18,035
Utility Support Structures		625			4,480			3,072			6,739
Coatings		12,313			11,852			38,262			34,283
Irrigation		67			—			498			8
Other		6,648			7,217			24,925			22,558
Total		29,631			30,160			103,819			81,623
NET SALES:
Engineered Infrastructure Products segment		219,332			215,632			615,929			579,555
Utility Support Structures segment		216,870			155,335			617,892			415,283
Coatings segment		71,400			68,954			213,135			204,134
Irrigation segment		156,385			150,618			546,716			485,359
Other		65,852			81,653			220,832			224,419
Total	$	729,839		$	672,192		$	2,214,504		$	1,908,750
OPERATING INCOME:
Engineered Infrastructure Products	$	18,715		$	17,189		$	40,907		$	30,907
Utility Support Structures		30,223			14,731			81,901			41,214
Coatings		18,542			14,238			54,571			39,600
Irrigation		27,140			23,765			103,155			80,623
Other		9,743			12,607			33,413			32,901
Corporate		(13,981	)		(10,497	)		(43,395	)		(39,292	)
Total	$	90,382		$	72,033		$	270,552		$	185,953