Segment Reporting

9 Months Ended

Sep. 30, 2013

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 88 percent and 87 percent of consolidated net sales for the nine month periods ended September 30, 2013 and 2012, respectively, manufactures a variety of products used primarily in the production of RVs, including:

 Steel chassis for towable RVs                                           Aluminum windows and screens

Axles and suspension solutions for towable RVs                         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 and leveling systems Other accessories

     The Company also supplies certain of these products 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. Approximately 82 percent of the Company's RV Segment net sales for the last twelve months were components to manufacturers of travel trailer and fifth-wheel RVs.

     The MH Segment, which accounted for 12 percent and 13 percent of consolidated net sales for the nine month periods ended September 30, 2013 and 2012, respectively, 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 certain of these products 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, executive succession 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 Annual Report on Form 10-K for the year ended December 31, 2012.

     Effective with the second quarter of 2013, in connection with the management succession and relocation of the corporate office from New York to Indiana, corporate expenses, accretion related to contingent consideration and other non-segment items, which were previously reported on separate lines, have been included as part of segment operating profit. Corporate expenses are allocated between the segments based upon net sales. Accretion related to contingent consideration and other non-segment items are included in the segment to which they relate. The segment disclosures from prior years have been reclassified to conform to the current year presentation.

Information relating to segments follows for the:

		Nine Months Ended					Three Months Ended
		September 30,					September 30,
(In thousands)		2013			2012		2013		2012
Net sales:
RV Segment:
RVoriginal equipment manufacturers ("OEMs"):
Travel trailers and fifth-wheels	$	570,404		$	512,307	$	175,892	$	161,959
Motorhomes		32,509			24,500		11,234		8,998
RVaftermarket		19,785			14,714		6,904		5,355
Adjacent industries		72,334			57,422		23,933		18,645
Total RV Segment net sales		695,032			608,943		217,963		194,957
MH Segment:
Manufactured housing OEMs		62,941			61,678		22,571		21,188
Manufactured housing aftermarket		10,377			10,322		3,138		3,134
Adjacent industries		22,279			19,946		7,179		7,044
Total MH Segment net sales		95,597			91,946		32,888		31,366
Total net sales	$	790,629		$	700,889	$	250,851	$	226,323
Operating profit:
RV Segment	$	54,098		$	40,936	$	19,234	$	11,587
MH Segment		9,904			10,353		3,596		3,361
Total segment operating profit		64,002			51,289		22,830		14,948
Executive succession		(1,876	)		-		-		-
Total operating profit	$	62,126		$	51,289	$	22,830	$	14,948