Segment reporting

9 Months Ended

Sep. 27, 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					Nine Months Ended
	September 27, 2014			September 28, 2013		September 27, 2014		September 28, 2013
Net sales:
Carpet segment	$	778,849		772,751		2,234,083		2,238,953
Ceramic segment	779,842			767,005		2,271,660		1,939,054
Laminate and Wood segment	462,574			450,723		1,431,839		1,326,178
Intersegment sales	(30,607		)	(28,943	)	(85,582	)	(79,535	)
	$	1,990,658		1,961,536		5,852,000		5,424,650
Operating income (loss):
Carpet segment	$	74,082		68,836		171,179		148,936
Ceramic segment	101,254			75,908		268,320		152,188
Laminate and Wood segment	44,768			39,020		149,730		119,075
Corporate and intersegment eliminations	(6,411		)	(7,861	)	(22,553	)	(24,256	)
	$	213,693		175,903		566,676		395,943

	September 27, 2014		December 31, 2013
Assets:
Carpet segment	$	2,016,109	1,786,085
Ceramic segment	3,788,164		3,787,785
Laminate and Wood segment	2,672,599		2,716,759
Corporate and intersegment eliminations	224,588		203,548
	$	8,701,460	8,494,177