XML 37 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information
 6 Months Ended
Jun. 30, 2016
Segment Reporting Information, Revenue for Reportable Segment [Abstract]  
Segment Information
SEGMENT INFORMATION
The Company is organized into three reportable segments on the basis of the production process and products and services provided by each segment, identified as follows:
(i)
Residential Products, which primarily includes roof and foundation ventilation products, mail and package storage products, rain dispersion products and roofing accessories;
(ii)
Industrial and Infrastructure Products, which primarily includes fabricated bar grating, expanded and perforated metal, plus bridge-related expansion joints and structural bearings; and
(iii)
Renewable Energy and Conservation, which primarily includes designing, engineering, manufacturing and installation of solar racking systems and commercial-scale greenhouse structures.
When determining the reportable segments, the Company aggregated operating segments based on their similar economic and operating characteristics.
The following table sets forth the reconciliation of sales to earnings before income taxes by segment for the three and six months ended June 30, (in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2016
 
2015
 
2016
 
2015
Net sales:
 
 
 
 
 
 
 
Residential Products
$
119,965

 
$
134,669

 
$
220,112

 
$
241,464

Industrial and Infrastructure Products
81,380

 
101,900

 
161,397

 
196,185

Less: Intersegment sales
(373
)
 
(482
)
 
(740
)
 
(947
)
 
81,007

 
101,418

 
160,657

 
195,238

Renewable Energy and Conservation
62,127

 
17,084

 
116,007

 
17,084

Total consolidated net sales
$
263,099

 
$
253,171

 
$
496,776

 
$
453,786

 
 
 
 
 
 
 
 
Income (loss) from operations:
 
 
 
 
 
 
 
Residential Products
$
20,725

 
$
11,910

 
$
32,956

 
$
24,043

Industrial and Infrastructure Products
6,190

 
5,356

 
9,516

 
7,362

Renewable Energy and Conservation
7,657

 
999

 
11,970

 
999

Unallocated Corporate Expenses
(8,795
)
 
(7,064
)
 
(15,058
)
 
(12,233
)
Total income from operations
$
25,777

 
$
11,201

 
$
39,384

 
$
20,171