OPERATING SEGMENTS

12 Months Ended

Nov. 01, 2015

Segment Reporting [Abstract]

OPERATING SEGMENTS

OPERATING SEGMENTS

Operating segments are defined as components of an enterprise that engage in business activities and by which discrete financial information is available that is evaluated on a regular basis by the chief operating decision maker to make decisions about how to allocate resources to the segment and assess the performance of the segment. We have three operating segments: engineered building systems; metal components; and metal coil coating. All operating segments operate primarily in the nonresidential construction market. Sales and earnings are influenced by general economic conditions, the level of nonresidential construction activity, metal roof repair and retrofit demand and the availability and terms of financing available for construction. Products of our operating segments use similar basic raw materials. The metal coil coating segment consists of cleaning, treating, painting and slitting continuous steel coils before the steel is fabricated for use by construction and industrial users. The metal components segment products include metal roof and wall panels, doors, metal partitions, metal trim, insulated panels and other related accessories. Metl-Span and CENTRIA are included in the metal components segment. The engineered building systems segment includes the manufacturing of main frames, Long Bay® Systems and value-added engineering and drafting, which are typically not part of metal components or metal coil coating products or services. The operating segments follow the same accounting policies used for our consolidated financial statements.

We evaluate a segment’s performance based primarily upon operating income before corporate expenses. Intersegment sales are recorded based on standard material costs plus a standard markup to cover labor and overhead and consist of (i) hot-rolled, light gauge painted and slit material and other services provided by the metal coil coating segment to both the metal components and engineered building systems segments; (ii) building components provided by the metal components segment to the engineered building systems segment; and (iii) structural framing provided by the engineered building systems segment to the metal components segment.

Corporate assets consist primarily of cash but also include deferred financing costs, deferred taxes and property, plant and equipment associated with our headquarters in Houston, Texas. These items (and income and expenses related to these items) are not allocated to the operating segments. Corporate unallocated expenses include share-based compensation expenses, and executive, legal, finance, tax, treasury, human resources, information technology, purchasing, marketing and corporate travel expenses. Additional unallocated expenses include interest income, interest expense, debt extinguishment costs and other (expense) income.

The following table represents summary financial data attributable to these operating segments for the periods indicated (in thousands):

	Fiscal Year Ended
	November 1, 2015			November 2, 2014			November 3, 2013
Total sales:
Engineered building systems	$	667,166		$	669,843		$	655,767
Metal components	920,845			694,858			663,094
Metal coil coating	231,732			246,582			222,064
Intersegment sales	(256,050		)	(240,743		)	(232,530		)
Total net sales	$	1,563,693		$	1,370,540		$	1,308,395
External sales:
Engineered building systems	$	647,881		$	649,344		$	633,653
Metal components	815,310			607,594			581,772
Metal coil coating	100,502			113,602			92,970
Total net sales	$	1,563,693		$	1,370,540		$	1,308,395
Operating income (loss):
Engineered building systems	$	51,410		$	32,525		$	23,405
Metal components	50,541			33,306			36,167
Metal coil coating	19,080			23,982			24,027
Corporate	(64,200		)	(64,717		)	(64,411		)
Total operating income	$	56,831		$	25,096		$	19,188
Unallocated other expense	(30,041		)	(12,421		)	(40,927		)
Income (loss) before income taxes	$	26,790		$	12,675		$	(21,739	)
Depreciation and amortization:
Engineered building systems	$	10,224		$	10,896		$	11,937
Metal components	35,713			19,643			19,093
Metal coil coating	4,401			4,031			3,285
Corporate	1,054			2,382			4,960
Total depreciation and amortization expense	$	51,392		$	36,952		$	39,275

	Fiscal Year Ended
	November 1, 2015		November 2, 2014		November 3, 2013
Capital expenditures:
Engineered building systems	$	6,053	$	2,569	$	1,405
Metal components	9,145		8,646		7,417
Metal coil coating	3,279		3,935		9,350
Corporate	2,206		2,870		6,254
Total capital expenditures	$	20,683	$	18,020	$	24,426
Property, plant and equipment, net:
Engineered building systems	$	51,196	$	43,876	$	30,791
Metal components	152,346		132,086		143,162
Metal coil coating	42,558		43,690		43,789
Corporate	11,792		25,062		43,176
Total property, plant and equipment, net	$	257,892	$	244,714	$	260,918
Total assets:
Engineered building systems	$	218,646	$	209,281	$	199,551
Metal components	654,762		365,874		380,488
Metal coil coating	81,456		84,519		71,118
Corporate	124,865		99,009		129,106
Total assets	$	1,079,729	$	758,683	$	780,263

The following table represents summary financial data attributable to various geographic regions for the periods indicated (in thousands):

	Fiscal Year Ended
	November 1, 2015		November 2, 2014		November 3, 2013
Total sales:
United States of America	$	1,469,495	$	1,258,055	$	1,192,327
Canada	72,567		92,238		102,070
Mexico	5,686		4,417		7,378
All other	15,945		15,830		6,620
Total net sales	$	1,563,693	$	1,370,540	$	1,308,395
Long-lived assets:
United States of America	$	562,443	$	358,634	$	378,814
Canada	90		134		114
China	309		—		—
Mexico	9,471		6,095		6,191
Total long-lived assets	$	572,313	$	364,863	$	385,119

Sales are determined based on customers’ requested shipment location.