Segment Reporting

3 Months Ended

Mar. 31, 2012

Segment Reporting [Abstract]

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 87 percent of consolidated net sales for the three month periods ended March 31, 2012 and 2011, manufactures a variety of products used primarily in the production of RVs, including:

•Towable steel chassis	•Aluminum windows and screens
•Towable axles and suspension solutions	•Chassis components
•Slide-out mechanisms and solutions	•Furniture and mattresses
•Thermoformed bath, kitchen and other products	•Entry, baggage, patio and ramp doors
•Entry steps	•Awnings
•Manual, electric and hydraulic stabilizer	•Other accessories
and leveling systems

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

     The MH Segment, which accounted for 13 percent of consolidated net sales for the three month periods ended March 31, 2012 and 2011, manufactures a variety of products used in the production of manufactured homes and to a lesser extent, modular housing and mobile office units, including:

•Vinyl and aluminum windows and screens	•Steel chassis
•Thermoformed bath and kitchen products	•Steel chassis parts
•Steel and fiberglass entry doors	•Axles
•Aluminum and vinyl patio doors

     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 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, defined as income or loss before interest, corporate expenses, goodwill impairment, accretion, other non-segment items 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 Notes to Consolidated Financial Statements of the Company's December 31, 2011 Annual Report on Form 10-K.

Information relating to segments follows for the three months ended March 31, (in thousands):

		2012			2011
Net sales:
RV Segment	$	195,555		$	146,229
MH Segment		27,997			22,604
Total net sales	$	223,552		$	168,833
Operating profit:
RV Segment	$	16,781		$	15,301
MH Segment		3,131			2,224
Total segment operating profit		19,912			17,525
Corporate		(2,308	)		(2,097	)
Accretion related to contingent consideration		(481	)		(474	)
Other non-segment items		250			589
Total operating profit	$	17,373		$	15,543