Segment Data

9 Months Ended

Jul. 29, 2011

Segment Data

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 company-owned domestic distributorships, 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 July 29, 2011	Professional		Residential		Other			Total
Net sales	$	345,972	$	147,479	$	7,594		$	501,045
Intersegment gross sales	10,678		842		(11,520		)	—
Earnings (loss) before income taxes	64,344		4,638		(16,691		)	52,291

Three months ended July 30, 2010	Professional		Residential		Other			Total
Net sales	$	317,876	$	135,759	$	5,255		$	458,890
Intersegment gross sales	4,471		101		(4,572		)	—
Earnings (loss) before income taxes	62,681		10,650		(21,366		)	51,965

Nine months ended July 29, 2011	Professional		Residential		Other			Total
Net sales	$	1,022,536	$	480,404	$	12,918		$	1,515,858
Intersegment gross sales	30,245		3,006		(33,251		)	—
Earnings (loss) before income taxes	187,869		42,545		(63,170		)	167,244
Total assets	540,977		210,479		216,091			967,547

Nine months ended July 30, 2010	Professional		Residential		Other			Total
Net sales	$	880,252	$	462,613	$	10,202		$	1,353,067
Intersegment gross sales	12,841		422		(13,263		)	—
Earnings (loss) before income taxes	156,094		49,190		(68,114		)	137,170
Total assets	459,712		153,840		266,100			879,652

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

	Three Months Ended						Nine Months Ended
	July 29,			July 30,			July 29,			July 30,
(Dollars in thousands)	2011			2010			2011			2010
Corporate expenses	$	(15,462	)	$	(19,523	)	$	(53,227	)	$	(57,919	)
Interest expense, net	(4,294		)	(4,243		)	(12,596		)	(12,759		)
Other	3,065			2,400			2,653			2,564
Total	$	(16,691	)	$	(21,366	)	$	(63,170	)	$	(68,114	)