Segment Information

3 Months Ended

Mar. 31, 2018



	Three Months Ended March 31,
	2018			2017
Net sales: (1)
Automotive	$	2,564,259		$	1,978,446
Industrial (2)	1,547,944			1,428,959
Business products	474,091			498,236
Total net sales	$	4,586,294		$	3,905,641
Operating profit:
Automotive	$	184,706		$	151,757
Industrial (2)	112,191			104,009
Business products	21,601			31,119
Total operating segment profit	318,498			286,885
Interest expense, net	(23,307		)	(6,174		)
Intangible asset amortization	(21,403		)	(10,806		)
Corporate expense (3)	(44,469		)	(26,130		)
Income before income taxes	$	229,319		$	243,775

(1) The net effect of discounts, incentives, and freight billed to customers has been allocated to their respective segments for the current and prior period. Previously, the net effect of such items were captured and presented separately in a line item entitled “Other”.

(2) Effective January 1, 2018, the Electrical/electronic Material segment became a division of the Industrial segment. These two reporting segments became a single reporting segment, the Industrial Parts Group. The change in segment reporting is presented retrospectively.

(3) Includes $13,000 for the three months ended March 31, 2018, in transaction-related costs associated with Alliance Automotive Group ("AAG") and the pending transaction to spin-off the Company's Business Products Group, S.P. Richards, and combine it with Essendant, Inc. ("Essendant").

Net sales is disaggregated by geographical region for each of the Company’s segments, as the Company deems it best depicts how the nature, amount, timing and uncertainty of net sales and cash flows are affected by economic factors. Disaggregated geographical net sales by reportable segment are summarized as follows:



	Reportable segments
	Three Months Ended March 31, 2018
	Automotive		Industrial		Business Products		Total
Primary geographical markets:
North America	$	1,782,314	$	1,547,944	$	474,091	$	3,804,349
Australasia	302,004		—		—		302,004
Europe	479,941		—		—		479,941
Total net sales from contracts with customers	$	2,564,259	$	1,547,944	$	474,091	$	4,586,294



	Reportable segments
	Three Months Ended March 31, 2017
	Automotive		Industrial		Business Products		Total
Primary geographical markets:
North America	$	1,703,551	1,428,959		498,236		$	3,630,746
Australasia	274,895		—		—		274,895
Total net sales from contracts with customers	$	1,978,446	$	1,428,959	$	498,236	$	3,905,641