BUSINESS SEGMENTS

9 Months Ended

Sep. 28, 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						Thirty-nine Weeks Ended
	September 28, 2013			September 29, 2012			September 28, 2013			September 29, 2012
SALES:
Engineered Infrastructure Products segment:
Lighting, Traffic, and Roadway Products	$	171,991		$	168,046		$	480,648		$	465,946
Communication Products		38,674			36,446			102,067			99,629
Access Systems		49,618			40,192			151,874			118,852
Engineered Infrastructure Products segment		260,283			244,684			734,589			684,427
Utility Support Structures segment:
Steel		199,912			184,030			611,573			536,073
Concrete		29,508			33,465			85,728			84,891
Utility Support Structures segment		229,420			217,495			697,301			620,964
Coatings segment		89,009			83,713			272,052			251,397
Irrigation segment		175,120			156,452			690,002			547,214
Other		71,836			72,500			233,384			245,757
Total		825,668			774,844			2,627,328			2,349,759
INTERSEGMENT SALES:
Engineered Infrastructure Products segment		24,970			25,352			76,591			68,498
Utility Support Structures segment		489			625			1,199			3,072
Coatings segment		13,697			12,313			42,475			38,262
Irrigation segment		4			67			5			498
Other		8,476			6,648			30,737			24,925
Total		47,636			45,005			151,007			135,255
NET SALES:
Engineered Infrastructure Products segment		235,313			219,332			657,998			615,929
Utility Support Structures segment		228,931			216,870			696,102			617,892
Coatings segment		75,312			71,400			229,577			213,135
Irrigation segment		175,116			156,385			689,997			546,716
Other		63,360			65,852			202,647			220,832
Total	$	778,032		$	729,839		$	2,476,321		$	2,214,504
OPERATING INCOME:
Engineered Infrastructure Products segment	$	25,689		$	18,715		$	61,026		$	40,907
Utility Support Structures segment		41,491			30,223			129,767			81,901
Coatings segment		19,833			18,542			56,805			54,571
Irrigation segment		31,145			27,140			149,878			103,155
Other		9,978			9,743			33,790			33,413
Corporate		(18,235	)		(13,981	)		(58,910	)		(43,395	)
Total	$	109,901		$	90,382		$	372,356		$	270,552