XML 46 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information
6 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
Segment Information
Segment Information
Using the criteria of ASC 280 Segment Reporting, the Company has four operating segments: Material Handling, Lawn and Garden, Distribution, and Engineered Products. Each of these operating segments is also a reportable segment under the ASC 280 criteria.
None of the reportable segments include operating segments that have been aggregated. Some of these segments contain individual business components that have been aggregated on the basis of common management, customers, products, production processes and economic characteristics. The Company accounts for intersegment sales and transfers at cost plus a specified mark-up.
Income before income taxes for each business segment is based on net sales less cost of products sold, and the related selling, administrative and general expenses. In computing business segment operating income, general corporate overhead expenses and interest expenses are not included.
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
Net Sales
2012
 
2011
 
2012
 
2011
Material Handling
$
60,260

 
$
67,008

 
$
125,481

 
$
132,738

Lawn and Garden
42,482

 
41,819

 
101,666

 
108,973

Distribution
44,188

 
46,091

 
86,926

 
87,725

Engineered Products
38,642

 
27,897

 
75,869

 
55,822

Intra-segment elimination
(4,471
)
 
(5,549
)
 
(10,052
)
 
(12,485
)
Net Sales
$
181,101

 
$
177,266

 
$
379,890

 
$
372,773


 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
Income Before Income Taxes
2012
 
2011
 
2012
 
2011
Material Handling
$
9,223

 
$
8,396

 
$
22,373

 
$
18,657

Lawn and Garden
(1,942
)
 
(1,619
)
 
(724
)
 
2,259

Distribution
4,298

 
4,014

 
7,809

 
7,087

Engineered Products
4,660

 
2,591

 
9,251

 
5,380

Corporate
(6,247
)
 
(4,709
)
 
(11,600
)
 
(12,341
)
Interest expense-net
(1,054
)
 
(1,153
)
 
(2,135
)
 
(2,391
)
Income before income taxes
$
8,938

 
$
7,520

 
$
24,974

 
$
18,651