XML 37 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information
 9 Months Ended
Sep. 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.
In 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 nine months ended September 30, (in thousands):
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
Net sales:
 
 
 
 
 
 
 
Residential Products
$
117,957

 
$
126,995

 
$
338,069

 
$
368,459

Industrial and Infrastructure Products
73,193

 
96,636

 
234,590

 
292,821

Less: Intersegment sales
(424
)
 
(286
)
 
(1,164
)
 
(1,233
)
 
72,769

 
96,350

 
233,426

 
291,588

Renewable Energy and Conservation
82,008

 
81,649

 
204,648

 
98,733

Total consolidated net sales
$
272,734

 
$
304,994

 
$
776,143

 
$
758,780

 
 
 
 
 
 
 
 
Income from operations:
 
 
 
 
 
 
 
Residential Products
$
19,407

 
$
15,879

 
$
52,363

 
$
39,922

Industrial and Infrastructure Products
1,913

 
8,083

 
11,429

 
15,445

Renewable Energy and Conservation
16,366

 
5,017

 
34,969

 
6,016

Unallocated Corporate Expenses
(11,323
)
 
(5,585
)
 
(26,381
)
 
(17,818
)
Total income from operations
$
26,363

 
$
23,394

 
$
72,380

 
$
43,565