Operating Segments

3 Months Ended

Feb. 28, 2015

Operating Segments Abstract

Segment Reporting Disclosure

Note 11: Operating Segments

We are required to report segment information in the same way that we internally organize our business for assessing performance and making decisions regarding allocation of resources. We evaluate the performance of each of our operating segments based on segment operating income, which is defined as gross profit less selling, general and administrative (SG&A) expenses. Segment operating income excludes special charges, net. Corporate expenses are fully allocated to each operating segment. Inter-segment revenues are recorded at cost plus a markup for administrative costs. Operating results of each segment are regularly reviewed by our chief operating decision maker to make decisions about resources to be allocated to the segments and assess their performance.

The tables below provide certain information regarding net revenue and segment operating incomeof each of our operating segments:

	13 Weeks Ended
	February 28, 2015						March 1, 2014
				Inter-		Segment				Inter-		Segment
		Trade	Segment			Operating		Trade	Segment			Operating
		Revenue	Revenue			Income		Revenue	Revenue			Income
Americas Adhesives	$	203,943	$	5,383	$	20,788	$	209,666	$	5,680	$	25,206
EIMEA		147,562		4,551		(722)		171,559		4,106		8,440
Asia Pacific		69,993		3,466		(486)		65,047		3,471		1,788
Construction Products		49,163		176		1,793		39,709		272		812
Total	$	470,661			$	21,373	$	485,981			$	36,246

Reconciliation of segment operating income to income from continuing operations before income taxes and income from equity method investments:

		13 Weeks Ended
		February 28,		March 1,
		2015		2014
Segment operating income	$	21,373	$	36,246
Special charges, net		(2,361)		(11,734)
Other income (expense), net		363		(1,050)
Interest expense		(6,102)		(4,126)
Income from continuing operations before income taxes and income from equity method investments	$	13,273	$	19,336