Segment reporting

6 Months Ended

Jul. 04, 2015

Segment Reporting [Abstract]

Segment reporting

Segment reporting

The Company has three reporting segments: the Global Ceramic segment, the Flooring NA segment and the Flooring ROW segment. The Global 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 Flooring NA segment designs, manufactures, sources and markets its floor covering product lines, including carpets, rugs, carpet pad, hardwood, laminate, and vinyl products, including LVT, which it distributes 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, including independent floor covering retailers, home centers, mass merchandisers, department stores, shop at home, buying groups, commercial dealers and commercial end users. The Flooring ROW segment designs, manufactures, sources, licenses and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard ("MDF"), chipboards, other wood products, sheet vinyl and LVT, which it distributes primarily in Europe and Russia 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. Previously reported segment results have been reclassified to conform to the current period presentation.

Segment information is as follows:

	Three Months Ended					Six Months Ended
	July 4, 2015			June 28, 2014		July 4, 2015		June 28, 2014
Net sales:
Global Ceramic segment	$	789,802		796,724		1,509,630		1,491,818
Flooring NA segment	920,337			895,912		1,767,248		1,676,243
Flooring ROW segment	331,622			357,738		646,364		695,804
Intersegment sales	(28		)	(2,127	)	(332	)	(2,523	)
	$	2,041,733		2,048,247		3,922,910		3,861,342
Operating income (loss):
Global Ceramic segment	$	121,189		106,407		206,516		167,066
Flooring NA segment	95,143			76,602		19,951		123,955
Flooring ROW segment	53,052			47,398		97,693		78,864
Corporate and intersegment eliminations	(13,568		)	(8,159	)	(24,570	)	(16,902	)
	$	255,816		222,248		299,590		352,983

	July 4, 2015		December 31, 2014
Assets:
Global Ceramic segment	$	3,950,088	3,542,594
Flooring NA segment	3,182,465		2,587,151
Flooring ROW segment	2,710,895		1,909,487
Corporate and intersegment eliminations	322,222		246,312
	$	10,165,670	8,285,544