Segment Information

6 Months Ended

Sep. 27, 2020

Segment Reporting [Abstract]

Segment Information

Segment Information

We have three reportable segments: Industrial, Water Treatment, and Health and Nutrition. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in our Annual Report on Form 10-K for the fiscal year ended March 29, 2020.

We evaluate performance based on profit or loss from operations before income taxes not including nonrecurring gains and losses. Reportable segments are defined primarily by product and type of customer. Segments are responsible for the sales, marketing and development of their products and services. Other than our Health and Nutrition segment, the segments do not have separate accounting, administration, customer service or purchasing functions. We allocate certain corporate expenses to our operating segments. There are no intersegment sales and no operating segments have been aggregated. No single customer’s revenues amounted to 10% or more of our total revenue. Sales are primarily within the United States and all assets are located within the United States.

(In thousands)	Industrial		Water Treatment		Health and Nutrition		Total
Three months ended September 27, 2020:
Sales	$	61,171	$	49,540	$	37,090	$	147,801
Gross profit	10,436		14,522		7,839		32,797
Selling, general, and administrative expenses	6,429		5,573		4,219		16,221
Operating income	4,007		8,949		3,620		16,576
Three months ended September 29, 2019:
Sales	$	68,090	$	45,868	$	26,085	$	140,043
Gross profit	10,674		12,753		4,567		27,994
Selling, general, and administrative expenses	5,895		5,134		3,788		14,817
Operating income	4,779		7,619		779		13,177
Six months ended September 27, 2020:
Sales	$	132,673	$	89,254	$	69,046	$	290,973
Gross profit	22,893		25,861		15,019		63,773
Selling, general and administrative expenses	12,496		10,866		7,897		31,259
Operating income	10,397		14,995		7,122		32,514
Six months ended September 29, 2019:
Sales	$	143,415	$	89,120	$	54,844	$	287,379
Gross profit	21,589		24,844		10,358		56,791
Selling, general and administrative expenses	11,991		10,122		7,540		29,653
Operating income	9,598		14,722		2,818		27,138

No significant changes to identifiable assets by segment occurred during the six months ended September 27, 2020.