Segment reporting

6 Months Ended

Jun. 28, 2014

Segment Reporting [Abstract]

Segment reporting

Segment reporting

The Company has three reporting segments: the Carpet segment, the Ceramic segment and the Laminate and Wood segment. The Carpet segment designs, manufactures, sources and markets its floor covering product lines, including carpets, ceramic tile, laminate, rugs, carpet pad, hardwood and resilient, which it distributes primarily in North America through its network of regional distribution centers and satellite warehouses using company-operated trucks, common carrier or rail transportation. The segment’s product lines are sold through various selling channels, which include independent floor covering retailers, home centers, mass merchandisers, department stores, shop at home, buying groups, commercial dealers and commercial end users. The Ceramic segment designs, manufactures, sources and markets a broad line of ceramic tile, porcelain tile, natural stone and other products, which it distributes primarily in North America, Europe and Russia through its network of regional distribution centers and Company-operated service centers using company-operated trucks, common carriers or rail transportation. The segment’s product lines are sold through Company-operated service centers, independent distributors, home center retailers, tile and flooring retailers and contractors. The Laminate and Wood segment designs, manufactures, sources, licenses and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard ("MDF"), chipboards and other wood products, which it distributes primarily in North America and Europe through various selling channels, which include retailers, independent distributors and home centers.

The accounting policies for each operating segment are consistent with the Company’s policies for the consolidated financial statements. Amounts disclosed for each segment are prior to any elimination or consolidation entries. Corporate general and administrative expenses attributable to each segment are estimated and allocated accordingly. Segment performance is evaluated based on operating income.

Segment information is as follows:

	Three Months Ended					Six Months Ended
	June 28, 2014			June 29, 2013		June 28, 2014		June 29, 2013
Net sales:
Carpet segment	$	780,308		770,868		1,455,234		1,466,202
Ceramic segment	796,724			760,168		1,491,818		1,172,049
Laminate and Wood segment	501,257			470,980		969,265		875,455
Intersegment sales	(30,042		)	(25,717	)	(54,975	)	(50,592	)
	$	2,048,247		1,976,299		3,861,342		3,463,114
Operating income (loss):
Carpet segment	$	62,826		54,862		97,097		80,100
Ceramic segment	106,407			46,304		167,066		76,280
Laminate and Wood segment	60,843			41,362		104,962		80,055
Corporate and intersegment eliminations	(7,828		)	(9,330	)	(16,142	)	(16,395	)
	$	222,248		133,198		352,983		220,040

	June 28, 2014		December 31, 2013
Assets:
Carpet segment	$	1,960,106	1,786,085
Ceramic segment	3,900,387		3,787,785
Laminate and Wood segment	2,818,129		2,716,759
Corporate and intersegment eliminations	203,059		203,548
	$	8,881,681	8,494,177