OPERATING SEGMENTS

6 Months Ended

May. 01, 2016

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 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 metal components segment products include metal roof and wall panels, doors, metal partitions, metal trim, insulated panels and other related accessories. CENTRIA is included in the metal components segment. 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 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) structural framing provided by the engineered building systems segment to the metal components segment; (ii) building components provided by the metal components segment to the engineered building systems segment; and (iii) 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.

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, strategic development and acquisition related costs and other (expense) income.

The following table represents sales, operating income and total assets attributable to these operating segments for the periods indicated (in thousands):

	Fiscal Three Months Ended						Fiscal Six Months Ended
	May 1, 2016			May 3, 2015			May 1, 2016			May 3, 2015
Total sales:
Engineered building systems	$	138,023		$	143,245		$	286,998		$	293,045
Metal components	234,637			221,118			464,303			393,907
Metal coil coating	55,178			49,998			106,383			105,608
Intersegment sales	(55,591		)	(54,214		)	(115,423		)	(109,487		)
Total sales	$	372,247		$	360,147		$	742,261		$	683,073
External sales:
Engineered building systems	$	134,454		$	138,662		$	280,405		$	283,156
Metal components	211,661			198,681			414,562			352,709
Metal coil coating	26,132			22,804			47,294			47,208
Total sales	$	372,247		$	360,147		$	742,261		$	683,073
Operating income (loss):
Engineered building systems	$	7,193		$	2,855		$	19,655		$	11,574
Metal components	17,835			6,941			33,938			15,277
Metal coil coating	4,704			2,397			9,525			6,375
Corporate	(19,138		)	(15,810		)	(37,265		)	(32,272		)
Total operating income (loss)	$	10,594		$	(3,617	)	$	25,853		$	954
Unallocated other expense, net	(6,965		)	(7,958		)	(13,879		)	(13,339		)
Income (loss) before income taxes	$	3,629		$	(11,575	)	$	11,974		$	(12,385	)

	May 1, 2016		November 1, 2015
Total assets:
Engineered building systems	$	201,416	$	218,646
Metal components	638,158		654,762
Metal coil coating	74,489		81,456
Corporate	102,679		124,865
Total assets	$	1,016,742	$	1,079,729