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Business Segments Information (Tables)
3 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of Revenue from Reportable Segments by Product Type

The following table sets forth reportable segment information with respect to the amount of Net sales contributed by each class of similar products for the periods presented:

 

Three Months Ended

 

 

June 30, 2020

 

 

June 30, 2019

 

 

Net Sales

 

 

Intersegment Net Sales

 

 

Net Sales from External Customers

 

 

Net Sales

 

 

Intersegment Net Sales

 

 

Net Sales from External Customers

 

Pipe

$

273,652

 

 

$

(1,845

)

 

$

271,807

 

 

$

262,181

 

 

$

 

 

$

262,181

 

Infiltrator Water Technologies

 

102,153

 

 

 

(18,068

)

 

 

84,085

 

 

 

 

 

 

 

 

 

 

International

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

International - Pipe

 

26,950

 

 

 

 

 

 

26,950

 

 

 

29,284

 

 

 

 

 

 

29,284

 

International - Allied Products & Other

 

8,879

 

 

 

 

 

 

8,879

 

 

 

10,049

 

 

 

 

 

 

10,049

 

Total International

 

35,829

 

 

 

 

 

 

35,829

 

 

 

39,333

 

 

 

 

 

 

39,333

 

Allied Products & Other

 

116,918

 

 

 

 

 

 

116,918

 

 

 

112,194

 

 

 

 

 

 

112,194

 

Intersegment Eliminations

 

(19,913

)

 

 

19,913

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Consolidated

$

508,639

 

 

$

 

 

$

508,639

 

 

$

413,708

 

 

$

 

 

$

413,708

 

 

Schedule of Financial Information Attributable to Reportable Segments

The following sets forth certain financial information attributable to the reportable segments for the periods presented.

 

 

Three Months Ended

June 30,

 

 

 

2020

 

 

2019

 

 

 

(In thousands)

 

Segment adjusted gross profit

 

 

 

 

 

 

 

 

Pipe

 

$

90,599

 

 

$

57,493

 

Infiltrator Water Technologies

 

 

47,928

 

 

 

 

International

 

 

11,408

 

 

 

9,227

 

Allied Products & Other

 

 

60,468

 

 

 

57,187

 

Intersegment Eliminations

 

 

(358

)

 

 

 

Total

 

$

210,045

 

 

$

123,907

 

Depreciation and amortization

 

 

 

 

 

 

 

 

Pipe

 

$

11,360

 

 

$

11,547

 

Infiltrator Water Technologies

 

 

3,133

 

 

 

 

International

 

 

1,298

 

 

 

1,507

 

Allied Products & Other(a)

 

 

19,990

 

 

 

3,640

 

Total

 

$

35,781

 

 

$

16,694

 

Capital expenditures

 

 

 

 

 

 

 

 

Pipe

 

$

4,231

 

 

$

6,974

 

Infiltrator Water Technologies

 

 

4,198

 

 

 

 

International

 

 

450

 

 

 

1,254

 

Allied Products & Other(a)

 

 

1,416

 

 

 

1,495

 

Total

 

$

10,295

 

 

$

9,723

 

 

(a)

Includes depreciation, amortization and capital expenditures not allocated to a reportable segment. The amortization expense of Infiltrator Water Technologies intangible assets acquired is included in Allied Products & Other.

Reconciliation of Gross Profit to Segment Adjusted Gross Profit

Reconciliation of Gross Profit to Segment Adjusted Gross profit

 

 

Three Months Ended

June 30,

 

 

 

2020

 

 

2019

 

 

 

(In thousands)

 

Reconciliation of Segment Adjusted Gross Profit:

 

 

 

 

 

 

 

 

Total Gross Profit

 

$

188,503

 

 

$

(62,158

)

Depreciation and amortization

 

 

16,423

 

 

 

13,684

 

ESOP and stock-based compensation expense

 

 

4,939

 

 

 

3,771

 

ESOP special dividend compensation

 

 

 

 

 

168,610

 

COVID-19 related costs(a)

 

 

180

 

 

 

 

Total Segment Adjusted Gross Profit

 

$

210,045

 

 

$

123,907

 

 

 

(a)

Includes expenses directly related to our response to the COVID-19 pandemic, including adjustments to our pandemic pay program and expenses associated with our third party crisis management vendor.