Segment Reporting

6 Months Ended

Jun. 30, 2011

Segment Reporting

Segment Reporting

2. 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 86 percent and 84 percent of consolidated net sales for the six month periods ended June 30, 2011 and 2010, respectively, manufactures a variety of products used primarily in the production of RVs, including:

^ÏTowable steel chassis

^ÏTowable axles and suspension solutions ^ÏSlide-out mechanisms and solutions ^ÏThermoformed bath, kitchen and other products ^ÏToy hauler ramp doors ^ÏPatio doors ^ÏManual, electric and hydraulic stabilizer and leveling systems

^ÏAluminum windows and screens ^ÏChassis components ^ÏFurniture and mattresses ^ÏEntry and baggage doors ^ÏEntry steps ^ÏOther accessories

The Company also supplies certain of these products as replacement parts to the RV aftermarket, and manufactures components for mid-size buses and for trailers used to haul boats, horses, livestock, equipment and other cargo. More than 90 percent of the Company's RV Segment net sales are components for travel trailer and fifth-wheel RVs.

The MH Segment, which accounted for 14 percent and 16 percent of consolidated net sales for the six month periods ended June 30, 2011 and 2010, respectively, manufactures a variety of products used in the production of manufactured homes and to a lesser extent, modular housing and office units, including:

^ÏVinyl and aluminum windows and screens ^ÏThermoformed bath and kitchen products ^ÏSteel and fiberglass entry doors ^ÏAluminum and vinyl patio doors ^ÏSteel chassis ^ÏSteel chassis parts ^ÏAxles

The Company also supplies windows, doors and thermoformed bath products as replacement parts to the manufactured housing aftermarket. 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 manufactured homes and modular 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. This group evaluates the performance of each segment based upon segment operating profit or loss, defined as income or loss before interest, corporate expenses, goodwill impairment, other non-segment items and income taxes. Decisions concerning the allocation of resources are also based on each segment's utilization of operating 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 Notes to Consolidated Financial Statements of the Company's December 31, 2010 Annual Report on Form 10-K.

Information relating to segments follows (in thousands):
			Six Months Ended							Three Months Ended
			June 30,							June 30,
			2011				2010			2011				2010
Net sales:
RV Segment	$	303,428			$	268,626			$	157,199		$	144,264
MH Segment			51,453				51,093			28,849				29,238
Total net sales	$	354,881			$	319,719			$	186,048		$	173,502
Operating profit:
RV Segment		$	32,625			$	26,893		$	17,324			$	14,009
MH Segment			5,177				5,302			2,953				3,736
Total segment operating profit			37,802				32,195			20,277				17,745
Corporate			(4,043	)			(3,944	)		(1,946	)			(2,017	)
Other non-segment items			(306	)			(123	)		(421	)			116
Total operating profit		$	33,453			$	28,128		$	17,910			$	15,844