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Segments
3 Months Ended
Apr. 04, 2020
Segment Reporting [Abstract]  
Segments

 


NOTE 16. SEGMENTS

We have two reportable segments: the Southeast segment, and the Western segment. The Southeast reporting segment, which is also an operating segment, is composed of sales from our facilities in Florida. The Western reporting segment, also an operating segment, is composed of sales from our facility in Arizona. Beginning in 2020, sales into certain states have been reclassified between segments. As such, segment sales amounts for the three months ended March 30, 2019, along with the related income from operations, have been revised to conform to the 2020 presentation.

Centralized financial and operational oversight, including resource allocation and assessment of performance on an income (loss) from operations basis, is performed by our CEO, whom we have determined to be our chief operating decision maker (“CODM”), with oversight by the Board of Directors. Total asset information by segment is not included herein as asset information by segment is not presented to or reviewed by the CODM.

The following table represents summary financial data attributable to our operating segments for the three months ended April 4, 2020, and March 30, 2019. Results of the Western segment are composed of the results of WWS, which was acquired on August 13, 2018 (in thousands):

 

 

Three Months Ended

 

 

 

April 4,

 

 

March 30,

 

 

 

2020

 

 

2019

 

Net sales:

 

 

 

 

 

 

 

 

Southeast segment

 

$

183,641

 

 

$

141,676

 

Western segment

 

 

36,563

 

 

 

32,061

 

 

 

 

 

 

 

 

 

 

Total net sales

 

$

220,204

 

 

$

173,737

 

 

 

 

 

 

 

 

 

 

Income from operations:

 

 

 

 

 

 

 

 

Southeast segment

 

$

25,821

 

 

$

15,264

 

Western segment

 

 

1,086

 

 

 

1,992

 

 

 

 

 

 

 

 

 

 

Total income from operations

 

 

26,907

 

 

 

17,256

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

 

7,169

 

 

 

6,714

 

 

 

 

 

 

 

 

 

 

Total income before income taxes

 

$

19,738

 

 

$

10,542