BUSINESS SEGMENTS

3 Months Ended

Apr. 01, 2017

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

The accounting principles used in the preparation of the segment information are the same as those used for the consolidated financial statements as disclosed in Note 1, except that the segment assets and income reflect the FIFO basis of accounting for inventory. Certain inventories are accounted for using the LIFO basis in the consolidated financial statements. In the first quarter of 2017, the Company changed its reportable segment operating income to separate out the LIFO expense (benefit). Prior year financial information has been updated to reflect this change.

Reportable segments are as follows:

ENGINEERED SUPPORT STRUCTURES: This segment consists of the manufacture of engineered metal

structures and components for the global lighting and traffic, wireless communication, and roadway safety

industries;

ENERGY AND MINING: This segment, all outside of the United States, consists of the manufacture of

access systems applications, forged steel grinding media, on and off shore oil, gas, and wind energy structures;

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 and tubular products for industrial customers.

The Company evaluates the performance of its business segments based upon operating income and invested capital. The Company does not allocate LIFO expense, interest expense, non-operating income and deductions, or income taxes to its business segments.

(7) BUSINESS SEGMENTS (Continued)

Summary by Business

	Thirteen Weeks Ended
	April 1, 2017			March 26, 2016
SALES:
Engineered Support Structures segment:
Lighting, Traffic, and Roadway Products	$	149,082		$	146,302
Communication Products	31,476			30,669
Engineered Support Structures segment	180,558			176,971
Energy and Mining segment:
Offshore and Other Complex Steel Structures	25,707			22,969
Grinding Media	19,594			19,490
Access Systems	32,671			29,990
Energy and Mining segment	77,972			72,449
Utility Support Structures segment:
Steel	148,408			121,971
Concrete	26,204			22,549
Utility Support Structures segment	174,612			144,520
Coatings segment	73,468			68,581
Irrigation segment	167,224			158,514
Total	673,834			621,035
INTERSEGMENT SALES:
Engineered Support Structures segment	20,207			11,012
Energy & Mining segment	—			1,658
Utility Support Structures segment	235			176
Coatings segment	14,136			9,813
Irrigation segment	1,783			1,771
Total	36,361			24,430
NET SALES:
Engineered Support Structures segment	160,351			165,959
Energy & Mining segment	77,972			70,791
Utility Support Structures segment	174,377			144,344
Coatings segment	59,332			58,768
Irrigation segment	165,441			156,743
Total	$	637,473		$	596,605
OPERATING INCOME:
Engineered Support Structures segment	9,213			12,475
Energy & Mining segment	3,837			1,902
Utility Support Structures segment	22,708			14,424
Coatings segment	9,406			11,413
Irrigation segment	30,291			28,895
Adjustment to LIFO inventory valuation method	(779		)	2,027
Corporate	(10,174		)	(8,771		)
Total	$	64,502		$	62,365