Segment Reporting

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

The Company has two reportable segments; the recreational vehicle products segment (the “RV Segment”) and the manufactured housing products segment (the “MH Segment”). Intersegment sales are insignificant.

The RV Segment, which accounted for 92 percent and 90 percent of consolidated net sales for the six month periods ended June 30, 2015 and 2014, respectively, manufactures or distributes a variety of products used in the production of RVs, including:

●Steel chassis for towable RVs	●Chassis components
●Axles and suspension solutions for towable RVs	●Furniture and mattresses
●Slide-out mechanisms and solutions	●Entry, luggage, patio and ramp doors
●Thermoformed bath, kitchen and other products	●Electric and manual entry steps

●Windows	●Awnings and slide toppers
●Manual, electric and hydraulic stabilizer and    leveling systems	●Other accessories and electronic components
●LED televisions and sound systems, navigation   systems and wireless backup cameras

The Company also supplies certain of these products to the RV aftermarket and to adjacent industries, including buses and trailers used to haul boats, livestock, equipment and other cargo. Approximately 76 percent of the Company’s RV Segment net sales for the twelve months ended June 30, 2015 were of products to original equipment manufacturers (“OEMs”) of travel trailer and fifth-wheel RVs.

The MH Segment, which accounted for 8 percent and 10 percent of consolidated net sales for the six month periods ended June 30, 2015 and 2014, respectively, manufactures or distributes a variety of products used in the production of manufactured homes, including:

●Vinyl and aluminum windows	●Aluminum and vinyl patio doors
●Thermoformed bath and kitchen products	●Steel chassis and related components
●Steel and fiberglass entry doors	●Axles

The Company also supplies certain of these products to the manufactured housing aftermarket and to adjacent industries, including modular housing and mobile office units. Certain of the Company’s MH Segment customers manufacture both manufactured homes and modular homes, and certain of the products manufactured by the Company are suitable for both types of homes. As a result, the Company is not always able to determine in which type of home its products are installed.

Decisions concerning the allocation of the Company's resources are made by the Company's key executives, with oversight by the Board of Directors. This group evaluates the performance of each segment based upon segment operating profit or loss, generally defined as income or loss before interest and income taxes. Decisions concerning the allocation of resources are also based on each segment’s utilization of assets. Management of debt is a corporate function. The accounting policies of the RV and MH Segments are the same as those described in Note 1 of the Notes to Consolidated Financial Statements of the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Information relating to segments follows for the:
	Six Months Ended   June 30,				Three Months Ended   June 30,
(In thousands)	2015		2014		2015		2014
Net sales:
RV Segment:
RV OEMs:
Travel trailers and fifth-wheels	$	506,064	$	447,416	$	245,707	$	235,286
Motorhomes	40,546		30,057		18,899		15,673
RV aftermarket	38,693		16,762		21,484		9,668
Adjacent industries	80,874		54,627		45,516		29,199
Total RV Segment net sales	666,177		548,862		331,606		289,826
MH Segment:
Manufactured housing OEMs	38,358		37,281		20,535		20,764
Manufactured housing aftermarket	8,130		7,172		4,301		3,705
Adjacent industries	10,877		13,845		5,643		7,488
Total MH Segment net sales	57,365		58,298		30,479		31,957
Total net sales	$	723,542	$	607,160	$	362,085	$	321,783

	Six Months Ended   June 30,					Three Months Ended   June 30,
(In thousands)	2015		2014			2015		2014
Operating profit:
RV Segment	$	59,241	$	51,761		$	30,108	$	28,032
MH Segment	6,231		5,388			3,526		3,071
Total segment operating profit	65,472		57,149			33,634		31,103
Sale of extrusion assets	—		(1,954		)	—		(1,954		)
Total operating profit	$	65,472	$	55,195		$	33,634	$	29,149

Potential Future Changes to Reporting Segments

Over the past several years, largely due to the growth the Company has experienced in its RV Segment, the MH Segment is now a smaller part of the Company. MH Segment net sales were 8 percent of consolidated net sales for the first six months of 2015. In addition, the Company has recently increased its focus on the significant opportunities in the RV aftermarket, which is currently included in the RV Segment. While there were no changes to the Company's segment reporting through June 30, 2015, the Company will continue to evaluate the information provided to its Chief Operating Decision Maker (“CODM”), and assess the impact of any changes to its reporting structures that will reflect how its CODM will assess the performance of the Company's operating segments and make decisions about resource allocations which impact the operating segments the Company reports.