Segment Reporting

12 Months Ended

Dec. 31, 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, 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.

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. No single customer accounted for more than 10% of net sales for the years ended December 31, 2014, 2013 or 2012.

Segment information is as follows:

	2014			2013		2012
Net sales:
Carpet	$	3,013,948		2,986,096		2,912,055
Ceramic	3,015,279			2,677,058		1,616,383
Laminate and Wood	1,890,567			1,792,260		1,350,349
Intersegment sales	(116,348		)	(106,660	)	(90,807	)
	$	7,803,446		7,348,754		5,787,980
Operating income (loss):
Carpet	$	255,938		209,023		158,196
Ceramic	351,113			209,825		120,951
Laminate and Wood	194,734			159,365		126,409
Corporate and intersegment eliminations	(28,989		)	(31,282	)	(26,048	)
	$	772,796		546,931		379,508
Depreciation and amortization:
Carpet	$	99,407		94,314		95,648
Ceramic	120,121			97,126		41,176
Laminate and Wood	115,360			105,907		132,183
Corporate	10,682			11,524		11,286
	$	345,570		308,871		280,293
Capital expenditures (excluding acquisitions):
Carpet	$	228,590		158,690		97,972
Ceramic	192,642			110,750		49,426
Laminate and Wood	131,296			88,293		56,605
Corporate	9,276			8,817		4,291
	$	561,804		366,550		208,294
Assets:
Carpet	$	1,986,081		1,786,085		1,721,214
Ceramic	3,542,594			3,787,785		1,731,258
Laminate and Wood	2,542,566			2,716,759		2,672,389
Corporate and intersegment eliminations	214,303			203,548		178,823
	$	8,285,544		8,494,177		6,303,684
Geographic net sales:
North America	$	5,547,867		5,512,182		4,798,804
Rest of world	2,255,579			1,836,572		989,176
	$	7,803,446		7,348,754		5,787,980
Long-lived assets (1):
North America	$	2,513,977		2,332,296		1,968,561
Rest of world	1,793,585			2,105,539		1,110,062
	$	4,307,562		4,437,835		3,078,623
Net sales by product categories (2):
Soft surface	$	2,764,370		2,756,627		2,696,462
Tile	3,087,895			2,744,289		1,676,971
Laminate and wood	1,951,181			1,847,838		1,414,547
	$	7,803,446		7,348,754		5,787,980

(1) Long-lived assets are composed of property, plant and equipment, net, and goodwill.

(2) The Soft surface product category includes carpets, rugs, carpet pad and resilient. The Tile product category includes ceramic tile, porcelain tile and natural stone. The Laminate and wood product category includes laminate, hardwood, roofing elements, insulation boards, MDF, chipboards, other wood-based products and licensing.