Segment Data

3 Months Ended

Feb. 03, 2017

Segment Reporting [Abstract]

Segment Data

Segment Data

The presentation of segment information reflects the manner in which management organizes segments for making operating decisions and assessing performance. On this basis, the company has determined it has three reportable business segments: Professional, Residential, and Distribution. The Distribution segment, which consists of the company-owned domestic distributorship, has been combined with the company’s corporate activities and elimination of intersegment revenues and expenses that is shown as “Other” in the following tables due to the insignificance of the segment.

The following table shows the summarized financial information concerning the company’s reportable segments:

(Dollars in thousands)
Three months ended February 3, 2017	Professional		Residential		Other			Total
Net sales	$	371,809	$	140,390	$	3,640		$	515,839
Intersegment gross sales	4,556		74		(4,630		)	—
Earnings (loss) before income taxes	68,166		16,558		(25,171		)	59,553
Total assets	854,384		243,145		305,384			1,402,913

(Dollars in thousands)
Three months ended January 29, 2016	Professional		Residential		Other			Total
Net sales	$	338,836	$	144,284	$	3,278		$	486,398
Intersegment gross sales	5,717		68		(5,785		)	—
Earnings (loss) before income taxes	61,592		16,739		(24,634		)	53,697
Total assets	854,106		263,407		273,163			1,390,676

The following table summarizes the components of the loss before income taxes included in “Other” shown above:

	Three Months Ended
	February 3, 2017			January 29, 2016
(Dollars in thousands)
Corporate expenses	$	(23,961	)	$	(24,783	)
Interest expense, net	(4,883		)	(4,654		)
Other	3,673			4,803
Total	$	(25,171	)	$	(24,634	)