BUSINESS SEGMENTS

6 Months Ended

Jun. 29, 2013

BUSINESS SEGMENTS

BUSINESS SEGMENTS

(6) BUSINESS SEGMENTS

        The Company has four reportable segments based on its management structure. Each segment is global in nature with a manager responsible for segment operational performance and the allocation of capital within the segment. 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 29, 2013			June 30, 2012			June 29, 2013			June 30, 2012
SALES:
Engineered Infrastructure Products segment:
Lighting, Traffic, and Roadway Products	$	161,487		$	158,575		$	308,657		$	297,900
Communication Products		34,771			36,488			63,393			63,183
Access Systems		54,378			40,753			102,256			78,660
Engineered Infrastructure Products segment		250,636			235,816			474,306			439,743
Utility Support Structures segment:
Steel		201,164			185,079			411,661			352,043
Concrete		27,079			27,158			56,220			51,426
Utility Support Structures segment		228,243			212,237			467,881			403,469
Coatings segment		93,798			84,837			183,043			167,684
Irrigation segment		270,175			194,496			514,882			390,762
Other		83,679			87,194			161,548			173,257
Total		926,531			814,580			1,801,660			1,574,915
INTERSEGMENT SALES:
Engineered Infrastructure Products segment		22,169			24,726			51,621			43,146
Utility Support Structures segment		299			467			710			2,447
Coatings segment		14,448			13,252			28,778			25,949
Irrigation segment		1			6			1			431
Other		10,955			8,814			22,261			18,277
Total		47,872			47,265			103,371			90,250
NET SALES:
Engineered Infrastructure Products segment		228,467			211,090			422,685			396,597
Utility Support Structures segment		227,944			211,770			467,171			401,022
Coatings segment		79,350			71,585			154,265			141,735
Irrigation segment		270,174			194,490			514,881			390,331
Other		72,724			78,380			139,287			154,980
Total	$	878,659		$	767,315		$	1,698,289		$	1,484,665
OPERATING INCOME:
Engineered Infrastructure Products segment	$	22,603		$	14,168		$	35,337		$	22,192
Utility Support Structures segment		42,121			26,574			88,276			51,678
Coatings segment		23,552			19,517			36,972			36,029
Irrigation segment		64,174			37,607			118,733			76,015
Other		13,025			12,259			23,812			23,670
Corporate		(21,210	)		(12,773	)		(40,675	)		(29,414	)
Total	$	144,265		$	97,352		$	262,455		$	180,170