During the quarter ended August 31, 2018, we made the determination to streamline certain businesses and management structures within our industrial reportable segment. As a result, our former tremco illbruck Group, Tremco Group and several components from our Performance Coatings Group, including our Euclid and Flowcrete businesses, were combined to form a new Construction Products Group. There were no changes in the composition of any of our reportable segments and, therefore, previously reported business segment information remains unchanged.

We operate a portfolio of businesses and product lines that manufacture and sell a variety of specialty paints, protective coatings and roofing systems, sealants and adhesives. We manage our portfolio by organizing our businesses and product lines into three reportable segments: the industrial reportable segment, the consumer reportable segment and the specialty reportable segment. Within each reportable segment, we aggregate operating segments or product lines that consist of individual companies or groups of companies and product lines, which generally address common markets, share similar economic characteristics, utilize similar technologies and can share manufacturing or distribution capabilities. Our six operating segments represent components of our business for which separate financial information is available that is utilized on a regular basis by our chief operating decision maker in determining how to allocate the assets of the company and evaluate performance. These six operating segments are each managed by an operating segment manager, who is responsible for the day-to-day operating decisions and performance evaluation of the operating segment’s underlying businesses. We evaluate the profit performance of our segments primarily based on income before income taxes, but also look to earnings (loss) before interest and taxes (“EBIT”) as a performance evaluation measure because interest expense is essentially related to acquisitions, as opposed to segment operations.

Our industrial reportable segment products are sold throughout North America and also account for the majority of our international sales. Our industrial product lines are sold directly to contractors, distributors and end-users, such as industrial manufacturing facilities, public institutions and other commercial customers. The industrial reportable segment comprises two separate operating segments — Construction Products Group and Performance Coatings Group. Products and services within this reportable segment include construction chemicals, roofing systems, weatherproofing and other sealants, and polymer flooring.

Our consumer reportable segment manufactures and markets professional use and do-it-yourself (“DIY”) products for a variety of mainly consumer applications, including home improvement and personal leisure activities. Our consumer segment’s major manufacturing and distribution operations are located primarily in North America, along with a few locations in Europe and other parts of the world. Our consumer reportable segment products are primarily sold directly to mass merchandisers, home improvement centers, hardware stores, paint stores, craft shops, cosmetic companies and through distributors. This reportable segment comprises three operating segments — Rust-Oleum Group, DAP Group and SPG-Consumer Group. Products within this reportable segment include specialty, hobby and professional paints; nail enamels; caulks; adhesives; silicone sealants and wood stains.

Our specialty reportable segment products are sold throughout North America and a few international locations, primarily in Europe. Our specialty product lines are sold directly to contractors, distributors and end-users, such as industrial manufacturing facilities, public institutions and other commercial customers. The specialty reportable segment is a single operating segment, which offers products that include industrial cleaners, restoration services equipment, colorants, exterior finishes, edible coatings and specialty glazes for pharmaceutical and food industries, and other specialty OEM coatings.

In addition to our three reportable segments, there is a category of certain business activities and expenses, referred to as corporate/other, that does not constitute an operating segment. This category includes our corporate headquarters and related administrative expenses, results of our captive insurance companies, gains or losses on the sales of certain assets and other expenses not directly associated with any reportable segment. Assets related to the corporate/other category consist primarily of investments, prepaid expenses and headquarters’ property and equipment. These corporate and other assets and expenses reconcile reportable segment data to total consolidated income before income taxes and identifiable assets.

We reflect income from our joint ventures on the equity method, and receive royalties from our licensees.

The following tables present a disaggregation of revenues by geography, and reflect the results of our reportable segments consistent with our management philosophy, by representing the information we utilize, in conjunction with various strategic, operational and other financial performance criteria, in evaluating the performance of our portfolio of businesses.

Three Months Ended February 28, 2019	Industrial Segment		Consumer Segment		Specialty Segment		Consolidated
(In thousands)
Net Sales (based on shipping location)
United States	$	299,442	$	304,184	$	137,181	$	740,807
Foreign
Canada		40,378		21,404		8,211		69,993
Europe		154,753		43,888		21,060		219,701
Latin America		44,420		6,781		306		51,507
Asia Pacific		28,415		6,904		7,987		43,306
Other Foreign		13,481		1,835		-		15,316
Total Foreign		281,447		80,812		37,564		399,823
Total	$	580,889	$	384,996	$	174,745	$	1,140,630

Three Months Ended February 28, 2018	Industrial Segment		Consumer Segment		Specialty Segment		Consolidated
(In thousands)
Net Sales (based on shipping location)
United States	$	277,374	$	280,422	$	137,863	$	695,659
Foreign
Canada		40,006		19,421		3,144		62,571
Europe		155,127		46,997		20,929		223,053
Latin America		50,763		6,946		332		58,041
Asia Pacific		29,021		7,643		7,829		44,493
Other Foreign		16,919		1,941		-		18,860
Total Foreign		291,836		82,948		32,234		407,018
Total	$	569,210	$	363,370	$	170,097	$	1,102,677

Nine Months Ended February 28, 2019	Industrial Segment		Consumer Segment		Specialty Segment		Consolidated
(In thousands)
Net Sales (based on shipping location)
United States	$	1,118,016	$	1,021,933	$	452,918	$	2,592,867
Foreign
Canada		163,141		73,813		32,058		269,012
Europe		526,962		159,118		70,041		756,121
Latin America		136,905		20,183		976		158,064
Asia Pacific		87,626		21,735		23,559		132,920
Other Foreign		48,180		5,986		-		54,166
Total Foreign		962,814		280,835		126,634		1,370,283
Total	$	2,080,830	$	1,302,768	$	579,552	$	3,963,150

Nine Months Ended February 28, 2018	Industrial Segment		Consumer Segment		Specialty Segment		Consolidated
(In thousands)
Net Sales (based on shipping location)
United States	$	1,038,594	$	920,714	$	444,424	$	2,403,732
Foreign
Canada		166,056		69,658		16,253		251,967
Europe		517,303		164,678		69,553		751,534
Latin America		145,315		20,582		1,085		166,982
Asia Pacific		84,087		24,251		24,344		132,682
Other Foreign		50,528		6,062		-		56,590
Total Foreign		963,289		285,231		111,235		1,359,755
Total	$	2,001,883	$	1,205,945	$	555,659	$	3,763,487

	Three Months Ended						Nine Months Ended
	February 28,			February 28,			February 28,			February 28,
	2019			2018			2019			2018
	(In thousands)
Income (Loss) Before Income Taxes
Industrial Segment	$	11,368		$	17,804		$	134,818		$	174,402
Consumer Segment		23,212			29,123			115,747			146,576
Specialty Segment		17,147			22,792			74,927			90,398
Corporate/Other		(47,263	)		(35,021	)		(162,497	)		(112,213	)
Consolidated	$	4,464		$	34,698		$	162,995		$	299,163