Segment Reporting

3 Months Ended

Mar. 31, 2014

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 91 percent and 89 percent of consolidated net sales for the three month periods ended March 31, 2014 and 2013, respectively, manufactures 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

The Company also supplies certain of these products to the RV aftermarket, and to adjacent industries, including buses, trailers used to haul boats, livestock, equipment and other cargo, truck campers and truck caps. Approximately 81 percent of the Company’s RV Segment net sales for the last twelve months were of products to original equipment manufacturers ("OEMs") of travel trailer and fifth-wheel RVs.

The MH Segment, which accounted for 9 percent and 11 percent of consolidated net sales for the three month periods ended March 31, 2014 and 2013, respectively, manufactures a variety of products used in the production of manufactured homes, including:

●Vinyl and aluminum windows	●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, 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, 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 the Notes to Consolidated Financial Statements of the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

Information relating to segments follows for the:

	Three Months Ended   March 31,
(In thousands)	2014		2013
Net sales:
RV Segment:
RV OEMs:
Travel trailers and fifth-wheels	$	212,130	$	184,601
Motorhomes	14,384		10,951
RV aftermarket	7,094		5,729
Adjacent industries	25,428		22,722
Total RV Segment net sales	259,036		224,003
MH Segment:
Manufactured housing OEMs	16,517		17,779
Manufactured housing aftermarket	3,467		3,652
Adjacent industries	6,357		7,152
Total MH Segment net sales	26,341		28,583
Total net sales	$	285,377	$	252,586

	Three Months Ended   March 31,
(In thousands)	2014		2013
Operating profit:
RV Segment	$	23,729	$	12,264
MH Segment	2,317		2,467
Total segment operating profit	26,046		14,731
Executive succession	—		(1,143		)
Total operating profit	$	26,046	$	13,588