XML 35 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information
 6 Months Ended
Jun. 30, 2017
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 expanded and perforated metal, expansion joints and structural bearings; and
(iii)
Renewable Energy and Conservation, which primarily includes designing, engineering, manufacturing and installation of solar racking systems and greenhouse structures.
When determining the reportable segments, the Company aggregated operating segments based on their similar economic and operating characteristics.
The following table illustrates certain measurements used by management to assess performance of the segments described above for the three and six months ended June 30, (in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2017
 
2016
 
2017
 
2016
Net sales:
 
 
 
 
 
 
 
Residential Products
$
127,252

 
$
119,965

 
$
231,803

 
$
220,112

Renewable Energy and Conservation
62,763

 
64,766

 
114,555

 
122,640

Industrial and Infrastructure Products
57,926

 
81,380

 
108,644

 
161,397

Less: Intersegment sales
(314
)
 
(373
)
 
(770
)
 
(740
)
Net Industrial and Infrastructure Products
57,612

 
81,007

 
107,874

 
160,657

Total consolidated net sales
$
247,627

 
$
265,738

 
$
454,232

 
$
503,409

 
 
 
 
 
 
 
 
Income from operations:
 
 
 
 
 
 
 
Residential Products
$
22,579

 
$
20,725

 
$
38,220

 
$
32,956

Renewable Energy and Conservation
3,492

 
10,296

 
6,832

 
18,603

Industrial and Infrastructure Products
3,397

 
6,190

 
3,360

 
9,516

Unallocated Corporate Expenses
(4,538
)
 
(8,635
)
 
(13,803
)
 
(14,738
)
Total income from operations
$
24,930

 
$
28,576

 
$
34,609

 
$
46,337