Segment Data

9 Months Ended

Aug. 03, 2012

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 August 3, 2012	Professional		Residential		Other			Total
Net sales	$	361,120	$	135,894	$	7,062		$	504,076
Intersegment gross sales	12,012		90		(12,102		)	—
Earnings (loss) before income taxes	70,537		10,048		(21,117		)	59,468

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

Nine months ended August 3, 2012	Professional		Residential		Other			Total
Net sales	$	1,100,899	$	505,399	$	13,098		$	1,619,396
Intersegment gross sales	31,134		2		(31,136		)	—
Earnings (loss) before income taxes	211,329		51,174		(68,557		)	193,946
Total assets	548,381		179,452		258,695			986,528

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

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

	Three Months Ended						Nine Months Ended
	August 3,			July 29,			August 3,			July 29,
(Dollars in thousands)	2012			2011			2012			2011
Corporate expenses	$	(19,805	)	$	(15,462	)	$	(60,991	)	$	(53,227	)
Interest expense, net	(4,198		)	(4,294		)	(12,791		)	(12,596		)
Other	2,886			3,065			5,225			2,653
Total	$	(21,117	)	$	(16,691	)	$	(68,557	)	$	(63,170	)