Segment Data (Tables)

9 Months Ended

Aug. 04, 2023

Summarized Financial Information Concerning Reportable Segments

The following tables present summarized financial information concerning the company’s reportable business segments and Other activities (dollars in thousands):


Three Months Ended August 4, 2023	Professional		Residential		Other		Total
Net sales	$	896,321	$	175,314	$	10,149	$	1,081,784
Intersegment gross sales (eliminations)	11,640		39		(11,679)		—
Earnings (loss) before income taxes1	$	13,049	$	3,848	$	(45,460)	$	(28,563)

Nine Months Ended August 4, 2023	Professional		Residential		Other		Total
Net sales	$	2,845,714	$	705,765	$	18,471	$	3,569,950
Intersegment gross sales (eliminations)	35,471		99		(35,570)		—
Earnings (loss) before income taxes1	384,621		64,411		(135,462)		313,570
Total assets	$	2,723,127	$	537,834	$	324,929	$	3,585,890


Three Months Ended July 29, 2022	Professional		Residential		Other		Total
Net sales	$	886,232	$	269,962	$	4,356	$	1,160,550
Intersegment gross sales (eliminations)	10,436		15		(10,451)		—
Earnings (loss) before income taxes	$	166,191	$	26,348	$	(35,448)	$	157,091

Nine Months Ended July 29, 2022	Professional		Residential		Other		Total
Net sales	$	2,484,927	$	845,039	$	12,712	$	3,342,678
Intersegment gross sales (eliminations)	23,201		50		(23,251)		—
Earnings (loss) before income taxes	424,833		95,203		(110,742)		409,294
Total assets	$	2,625,481	$	407,218	$	407,250	$	3,439,949

1 The Professional reportable segment earnings (loss) before income taxes includes $151.3 million of non-cash impairment charges recorded during the preparation of the financial statements for the third quarter of fiscal 2023 related to the Intimidator operating segment. For additional information regarding the impairment charges, refer to Note 5, Goodwill and Other Intangible Assets, Net.

Summary of Components of Loss Before Income Taxes Included in Other Segment

The following table presents the details of operating loss before income taxes for the company's Other activities:


	Three Months Ended				Nine Months Ended
(Dollars in thousands)	August 4, 2023		July 29, 2022		August 4, 2023		July 29, 2022
Corporate expenses	$	(33,999)	$	(30,816)	$	(110,694)	$	(94,359)
Interest expense	(14,987)		(9,182)		(43,822)		(24,219)
Earnings from the company's wholly-owned domestic distribution company and other income, net	3,526		4,550		19,054		7,836
Total operating loss	$	(45,460)	$	(35,448)	$	(135,462)	$	(110,742)