Segments

6 Months Ended

Jul. 04, 2020

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 and six months ended June 29, 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 and six months ended July 4, 2020, and June 29, 2019. Results of the Western segment are composed of the results of WWS (in thousands):

	Three Months Ended					Six Months Ended
	July 4,			June 29,		July 4,			June 29,
	2020			2019		2020			2019
Net sales:
Southeast segment	$	172,859		$	161,483	$	356,500		$	303,159
Western segment		29,924			37,087		66,487			69,148

Total net sales	$	202,783		$	198,570	$	422,987		$	372,307

Income (loss) from operations:
Southeast segment	$	18,717		$	25,218	$	44,538		$	40,482
Western segment		1,777			3,696		2,863			5,688
Impairment of trade name⁽¹⁾		(8,000	)		—		(8,000	)		—
Restructuring costs and charges⁽²⁾		(3,906	)		—		(3,906	)		—

Total income from operations		8,588			28,914		35,495			46,170

Interest expense, net		6,856			6,756		14,025			13,470

Total income before income taxes	$	1,732		$	22,158	$	21,470		$	32,700

(1)

For the three and six months ended July 4, 2020, the impairment of $8.0 million relates to WWS trade name.

(2)

For the three and six months ended July 4, 2020, the restructuring costs and charges of $3.9 million relates to Southeast segment.