Segment Data

9 Months Ended

Aug. 02, 2013

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 2, 2013	Professional		Residential		Other			Total
Net sales	$	343,866	$	155,452	$	10,600		$	509,918
Intersegment gross sales	7,628		149		(7,777		)	—
Earnings (loss) before income taxes	60,508		15,070		(17,925		)	57,653

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

Nine months ended August 2, 2013	Professional		Residential		Other			Total
Net sales	$	1,169,446	$	477,789	$	11,830		$	1,659,065
Intersegment gross sales	34,401		354		(34,755		)	—
Earnings (loss) before income taxes	233,521		51,903		(68,056		)	217,368
Total assets	573,089		177,495		280,546			1,031,130

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

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

	Three Months Ended						Nine Months Ended
	August 2,			August 3,			August 2,			August 3,
(Dollars in thousands)	2013			2012			2013			2012
Corporate expenses	$	(18,985	)	$	(19,805	)	$	(61,304	)	$	(60,991	)
Interest expense, net	(3,909		)	(4,198		)	(12,307		)	(12,791		)
Other	4,969			2,886			5,555			5,225
Total	$	(17,925	)	$	(21,117	)	$	(68,056	)	$	(68,557	)