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Segment Data
 6 Months Ended
May 01, 2020
Segment Reporting [Abstract]  
Segment Data
3
Segment Data
The company's businesses are organized, managed, and internally grouped into segments based on similarities in products and services. Segment selection is based on the manner in which management organizes segments for making operating and investment decisions and assessing performance. The company has identified ten operating segments and has aggregated certain of those segments into two reportable segments: Professional and Residential. The aggregation of the company's segments is based on the segments having the following similarities: economic characteristics, types of products and services, types of production processes, type or class of customers, and method of distribution. The company's remaining activities are presented as "Other" due to their insignificance. These Other activities consist of the company's wholly-owned domestic distribution companies, the company's corporate activities, and the elimination of intersegment revenues and expenses.
The following tables present summarized financial information concerning the company’s reportable segments and Other activities:
(Dollars in thousands)
 
 
 
 
 
 
 
 
Three Months Ended May 1, 2020
 
Professional
 
Residential
 
Other
 
Total
Net sales
 
$
661,087

 
$
261,998

 
$
6,313

 
$
929,398

Intersegment gross sales (eliminations)
 
16,642

 
34

 
(16,676
)
 
—

Earnings (loss) before income taxes
 
$
106,259

 
$
37,122

 
$
(22,010
)
 
$
121,371

(Dollars in thousands)
 
 
 
 
 
 
 
 
Six Months Ended May 1, 2020
 
Professional
 
Residential
 
Other
 
Total
Net sales
 
$
1,255,808

 
$
427,846

 
$
13,227

 
$
1,696,881

Intersegment gross sales (eliminations)
 
25,413

 
61

 
(25,474
)
 
—

Earnings (loss) before income taxes
 
208,733

 
58,688

 
(59,911
)
 
207,510

Total assets
 
$
2,052,529

 
$
328,068

 
$
430,878

 
$
2,811,475

(Dollars in thousands)
 
 
 
 
 
 
 
 
Three Months Ended May 3, 2019
 
Professional
 
Residential
 
Other
 
Total
Net sales
 
$
723,506

 
$
232,147

 
$
6,383

 
$
962,036

Intersegment gross sales (eliminations)
 
23,716

 
80

 
(23,796
)
 
—

Earnings (loss) before income taxes
 
$
150,119

 
$
22,030

 
$
(34,969
)
 
$
137,180

(Dollars in thousands)
 
 
 
 
 
 
 
 
Six Months Ended May 3, 2019
 
Professional
 
Residential
 
Other
 
Total
Net sales
 
$
1,178,512

 
$
377,305

 
$
9,175

 
$
1,564,992

Intersegment gross sales (eliminations)
 
37,325

 
179

 
(37,504
)
 
—

Earnings (loss) before income taxes
 
238,097

 
35,102

 
(65,999
)
 
207,200

Total assets
 
$
1,848,351

 
$
271,224

 
$
346,425

 
$
2,466,000


The following table presents the details of operating loss before income taxes for the company's Other activities:
 
 
Three Months Ended
 
Six Months Ended
(Dollars in thousands)
 
May 1, 2020
 
May 3, 2019
 
May 1, 2020
 
May 3, 2019
Corporate expenses
 
$
(15,441
)
 
$
(34,357
)
 
$
(47,883
)
 
$
(62,671
)
Interest expense
 
(8,659
)
 
(6,694
)
 
(16,815
)
 
(11,436
)
Earnings from wholly-owned domestic distribution companies and other income, net
 
2,090

 
6,082

 
4,787

 
8,108

Total operating loss
 
$
(22,010
)
 
$
(34,969
)
 
$
(59,911
)
 
$
(65,999
)