Segment Data

12 Months Ended

Dec. 31, 2011

Segment Data [Abstract]

Segment Data

11. Segment Data

The Company’s reportable segments consist of automotive, industrial, office products, and electrical/electronic materials. Within the reportable segments, certain of the Company’s operating segments are aggregated since they have similar economic characteristics, products and services, type and class of customers, and distribution methods.

The Company’s automotive segment distributes replacement parts (other than body parts) for substantially all makes and models of automobiles, trucks, and other vehicles.

The Company’s industrial segment distributes a wide variety of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components, and related parts and supplies.

The Company’s office products segment distributes a wide variety of office products, computer supplies, office furniture, and business electronics.

The Company’s electrical/electronic materials segment distributes a wide variety of electrical/electronic materials, including insulating and conductive materials for use in electronic and electrical apparatus.

Inter-segment sales are not significant. Operating profit for each industry segment is calculated as net sales less operating expenses excluding general corporate expenses, interest expense, equity in income from investees, amortization, and noncontrolling interests. Approximately $106,000,000, $68,200,000, and $38,900,000 of income before income taxes was generated in jurisdictions outside the United States for the years ended December 31, 2011, 2010, and 2009, respectively. Net sales and net long-lived assets by country relate directly to the Company’s operations in the respective country. Corporate assets are principally cash and cash equivalents and headquarters’ facilities and equipment.

For management purposes, net sales by segment exclude the effect of certain discounts, incentives, and freight billed to customers. The line item “other” represents the net effect of the discounts, incentives, and freight billed to customers that are reported as a component of net sales in the Company’s consolidated statements of income.

	2011			2010			2009			2008			2007
	(In thousands)
Net sales:
Automotive	$	6,061,424		$	5,608,101		$	5,225,389		$	5,321,536		$	5,311,873
Industrial		4,173,574			3,521,863			2,885,782			3,514,661			3,350,954
Office products		1,689,368			1,641,963			1,639,018			1,732,514			1,765,055
Electrical/electronic materials		557,537			449,770			345,808			465,889			436,318
Other		(23,026	)		(14,108	)		(38,485	)		(19,337	)		(21,005	)
Total net sales	$	12,458,877		$	11,207,589		$	10,057,512		$	11,015,263		$	10,843,195
Operating profit:
Automotive	$	467,806		$	421,109		$	387,945		$	385,356		$	413,180
Industrial		337,628			255,616			162,353			294,652			281,762
Office products		134,124			131,746			126,104			144,127			156,781
Electrical/electronic materials		40,663			30,910			25,254			36,721			30,435
Total operating profit		980,221			839,381			701,656			860,856			882,158
Interest expense, net		(24,608	)		(26,598	)		(27,112	)		(29,847	)		(21,056	)
Corporate expense		(56,971	)		(45,451	)		(24,913	)		(55,119	)		(38,300	)
Intangible asset amortization		(6,774	)		(4,737	)		(3,644	)		(2,861	)		(1,118	)
Other expense		(1,062	)		(812	)		(1,822	)		(4,561	)		(4,939	)
Income before income taxes	$	890,806		$	761,783		$	644,165		$	768,468		$	816,745
Assets:
Automotive	$	2,895,748		$	2,854,461		$	2,825,693		$	2,799,901		$	2,785,619
Industrial		1,100,024			955,241			865,431			1,025,292			969,666
Office products		700,720			694,166			619,612			638,854			659,838
Electrical/electronic materials		129,933			113,757			76,716			95,655			101,419
Corporate		773,391			637,871			445,705			67,823			175,074
Goodwill and other intangible assets		279,775			209,548			171,532			158,825			82,453
Total assets	$	5,879,591		$	5,465,044		$	5,004,689		$	4,786,350		$	4,774,069

	2011			2010			2009			2008			2007
	(In thousands)
Depreciation and amortization:
Automotive	$	60,252		$	63,942		$	65,554		$	65,309		$	65,810
Industrial		7,495			7,208			7,611			7,632			8,565
Office products		9,999			9,737			9,685			9,825			9,159
Electrical/electronic materials		1,554			1,414			1,666			1,572			1,566
Corporate		2,862			2,294			2,251			1,499			1,484
Intangible asset amortization		6,774			4,737			3,644			2,861			1,118
Total depreciation and amortization	$	88,936		$	89,332		$	90,411		$	88,698		$	87,702
Capital expenditures:
Automotive	$	61,795		$	46,888		$	53,911		$	72,628		$	91,359
Industrial		9,851			4,307			2,987			7,575			8,340
Office products		22,036			29,866			5,782			9,539			13,294
Electrical/electronic materials		1,762			1,957			676			1,406			2,340
Corporate		8,025			2,361			6,089			13,878			315
Total capital expenditures	$	103,469		$	85,379		$	69,445		$	105,026		$	115,648
Net sales:
United States	$	10,791,303		$	9,793,820		$	8,935,651		$	9,716,029		$	9,609,225
Canada		1,571,733			1,327,552			1,078,799			1,219,759			1,158,515
Mexico		118,867			100,325			81,547			98,812			96,460
Other		(23,026	)		(14,108	)		(38,485	)		(19,337	)		(21,005	)
Total net sales	$	12,458,877		$	11,207,589		$	10,057,512		$	11,015,263		$	10,843,195
Net long-lived assets:
United States	$	411,193		$	398,318		$	402,937		$	352,314		$	337,136
Canada		84,210			80,978			78,502			67,731			85,532
Mexico		4,801			4,834			3,585			3,220			3,321
Total net long-lived assets	$	500,204		$	484,130		$	485,024		$	423,265		$	425,989