BUSINESS SEGMENTS

6 Months Ended

Jun. 28, 2014

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, wind energy, offshore oil and gas, 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 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
SALES:
Engineered Infrastructure Products segment:
Lighting, Traffic, and Roadway Products	$	164,753		$	161,487		$	303,730		$	308,657
Communication Products		43,618			34,771			73,504			63,393
Offshore Structures		47,217			—			64,521			—
Access Systems		48,764			54,378			91,059			102,256
Engineered Infrastructure Products segment		304,352			250,636			532,814			474,306
Utility Support Structures segment:
Steel		179,574			200,650			371,011			411,661
Concrete		33,456			27,593			56,746			56,220
Utility Support Structures segment		213,030			228,243			427,757			467,881
Coatings segment		85,157			93,798			167,328			183,043
Irrigation segment		219,917			270,175			432,650			514,882
Other		61,786			83,679			120,388			161,548
Total		884,242			926,531			1,680,937			1,801,660
INTERSEGMENT SALES:
Engineered Infrastructure Products segment		18,166			22,169			37,731			51,621
Utility Support Structures segment		1,025			299			1,520			710
Coatings segment		14,770			14,448			29,723			28,778
Irrigation segment		4			1			13			1
Other		7,678			10,955			17,611			22,261
Total		41,643			47,872			86,598			103,371
NET SALES:
Engineered Infrastructure Products segment		286,186			228,467			495,083			422,685
Utility Support Structures segment		212,005			227,944			426,237			467,171
Coatings segment		70,387			79,350			137,605			154,265
Irrigation segment		219,913			270,174			432,637			514,881
Other		54,108			72,724			102,777			139,287
Total	$	842,599		$	878,659		$	1,594,339		$	1,698,289
OPERATING INCOME:
Engineered Infrastructure Products segment	$	28,625		$	22,603		$	42,334		$	35,337
Utility Support Structures segment		26,375			42,121			59,132			88,276
Coatings segment		15,820			23,552			29,706			36,972
Irrigation segment		41,473			64,174			84,619			118,733
Other		8,343			13,025			16,893			23,812
Corporate		(15,860	)		(21,210	)		(29,060	)		(40,675	)
Total	$	104,776		$	144,265		$	203,624		$	262,455