Segment reporting

3 Months Ended

Apr. 04, 2015

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
	April 4, 2015			March 29, 2014
Net sales:
Carpet segment	$	739,264		674,926
Ceramic segment	719,828			695,094
Laminate and Wood segment	448,398			468,008
Intersegment sales	(26,313		)	(24,933	)
	$	1,881,177		1,813,095
Operating income (loss):
Carpet segment	$	(89,994	)	34,271
Ceramic segment	85,327			60,659
Laminate and Wood segment	58,901			44,119
Corporate and intersegment eliminations	(10,460		)	(8,314	)
	$	43,774		130,735

	April 4, 2015		December 31, 2014
Assets:
Carpet segment	$	2,015,550	1,986,081
Ceramic segment	3,584,471		3,542,594
Laminate and Wood segment	2,406,286		2,542,566
Corporate and intersegment eliminations	278,315		214,303
	$	8,284,622	8,285,544