Segment Information

The Company manages its business and serves its customers through reportable segments differentiated by product type, end market, and geography. In the first quarter of 2012, the Company completed a reorganization of its U.S. operational structure. The reorganization included the consolidation of all U.S. operating companies into one legal entity and realigned reporting and management responsibilities based upon the Company's residential and commercial product offerings. As a result of the reorganization, the Company has identified two U.S. reporting segments; U.S. Residential Products and U.S. Commercial Products. Prior to this reorganization, the Company's reporting segments consisted of U.S. Residential Building Products, U.S. Non-Residential Building Products and U.S. RV and Specialty Building Products. The Company's 2011 and 2010 results have been adjusted to reflect the change in reportable segments. These organizational changes did not impact the Company's European reportable segments.

The Company's four reportable segments are described below:

U.S. Residential Products—The U.S. Residential Products segment utilizes aluminum, steel, copper and vinyl to produce residential roof drainage products, including preformed gutters, downspouts, elbows, soffit, drip edge, fascia, flashing, snow guards and related accessories. These products are used primarily for the repair, replacement or enhancement of residential roof drainage systems. The Company sells these products to home improvement retailers, lumber yards, distributors and contractors from manufacturing and distribution facilities throughout North America. The Company also produces specialty made-to-order vinyl replacement windows and aluminum patio and awning components sold primarily to home improvement contractors in the western U.S.

U.S. Commercial Products—The U.S. Commercial Products segment utilizes various materials, including steel coil, aluminum coil and fiberglass to create various products with commercial applications, including roofing and siding panels, ridge caps, flashing, trim, soffit and other accessories as well as sidewall components, siding and other exterior components for the towable RV, cargo and manufactured housing markets. The Company sells these products to builders, contractors, lumber yards, home improvement retailers, OEMs, and RV manufacturers from manufacturing and distribution facilities located throughout the U.S. These products are used in the construction of a wide variety of small scale commercial, agricultural and industrial building types on either wood or metal frames, manufactured homes, and towable RVs.

European Roll Coated Aluminum—The European Roll Coated Aluminum segment uses a roll coating process to apply paint to bare aluminum coil and, to a lesser extent, bare steel coil in order to produce specialty coated coil, which the Company also processes into specialty coated sheets and panels. The Company sells these products to building panel manufacturers, contractors and UK “holiday home,” RV and transportation OEMs throughout Europe and in parts of Asia. The Company’s customers use its specialty coated metal products to manufacture, among other things, RV sidewalls, commercial roofing panels, interior ceiling panels, and liner panels for shipping containers. The Company produces and distributes these roll coated products from facilities located in the Netherlands and the UK.

European Engineered Products—The European Engineered Products segment utilizes aluminum and vinyl extrusions to produce residential windows, doors and shower enclosures. These products are sold to home improvement retailers, distributors and factory‑built “holiday home” builders in the UK. The Company also produces windows used in the operator compartments of heavy equipment, components sold to suppliers to automotive OEMs in Western Europe and RV doors. The Company produces and distributes these engineered products from facilities in France and the UK and has developed extensive in-house manufacturing capabilities, including powder coating, glass cutting, anodizing and glass toughening.

The accounting policies for segments are the same as those described in Note 1. The Company evaluates the performance of its segments and allocates resources to them based primarily on segment income or (loss) from operations. Expenses, income and assets that are not segment specific relate to holding company and business development activities conducted for the overall benefit of the Company and, accordingly, are not attributable to the Company's segments.

Beginning in 2012, the Company has allocated depreciation expense related to its North America ERP system to its U.S. Residential and U.S. Commercial Products Segments. In prior years, depreciation expense related to the ERP system was recorded at the Company's Corporate Headquarters and included in other non-allocated expenses. Expenses related to the North America ERP system were previously allocated to the North America segments through a corporate charge, and therefore, were included in earnings (loss) from operations for the appropriate segment. All amounts in the following tables include the adjustment described above.

The following table presents information about reported segments for the years ended December 31, 2012, December 30, 2011 and December 31, 2010.



	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
2012
Net sales:
Third party	$	281,099	$	292,304		$	196,087	$	67,650		$	—		$	—		$	837,140
Intersegment	951		519			519		—			—			(1,989		)	—
Total net sales	$	282,050	$	292,823		$	196,606	$	67,650		$	—		$	(1,989	)	$	837,140
Income (loss) from operations	$	22,489	$	(1,399	)	$	9,208	$	(6,586	)	$	(12,357	)	$	—		$	11,355
Depreciation and amortization	$	11,674	$	10,774		$	9,455	$	2,480		$	401		$	—		$	34,784
Capital expenditures	$	1,495	$	1,255		$	2,275	$	627		$	1,488		$	—		$	7,140
Total assets (1)	$	173,719	$	115,525		$	221,950	$	55,898		$	27,330		$	—		$	594,422



	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
2011
Net sales:
Third party	$	305,366	$	301,286		$	243,497	$	83,529		$	—		$	—		$	933,678
Intersegment	1,177		284			553		—			—			(2,014		)	—
Total net sales	$	306,543	$	301,570		$	244,050	$	83,529		$	—		$	(2,014	)	$	933,678
Income (loss) from operations (2)	$	18,226	$	(3,901	)	$	13,619	$	(2,055	)	$	(15,595	)	$	—		$	10,294
Depreciation and amortization	$	11,994	$	11,004		$	10,790	$	3,086		$	320		$	—		$	37,194
Capital expenditures	$	996	$	3,558		$	2,144	$	1,629		$	1,824		$	—		$	10,151
Total assets (1)	$	174,835	$	117,709		$	234,513	$	63,579		$	28,610		$	—		$	619,246



	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products		Other Non- Allocated			Eliminations			Consolidated
2010
Net sales:
Third party	$	300,262	$	293,679		$	210,534	$	79,225	$	—		$	—		$	883,700
Intersegment	1,342		1,117			1,030		—		—			(3,489		)	—
Total net sales	$	301,604	$	294,796		$	211,564	$	79,225	$	—		$	(3,489	)	$	883,700
Income (loss) from operations	$	24,701	$	(7,569	)	$	17,331	$	310	$	(15,805	)	$	—		$	18,968
Depreciation and amortization	$	12,285	$	11,610		$	10,848	$	2,941	$	1,016		$	—		$	38,700
Capital expenditures	$	2,639	$	2,660		$	2,126	$	2,585	$	2,155		$	—		$	12,165
Total assets (1)	$	190,699	$	112,257		$	257,550	$	67,355	$	39,029		$	—		$	666,890

(1) Segment assets include cash, accounts receivable, inventories, other current assets, fixed assets, goodwill, intangibles, and other long term assets. Other non-allocated assets include all corporate assets, as well as deferred taxes and income taxes receivable.

(2) Income from operations in our U.S. Residential Products Segment for the year ended December 30, 2011 included a $1.2 million charge for the early exit from a multiemployer pension plan.

The following table reflects revenues from external customers by markets for the periods indicated. Revenues from external customers by groups of similar products have not been provided as it is impracticable to do so.



		Year Ended
Customer/Markets	Primary Products	December 31, 2012		December 30, 2011		December 31, 2010
Original Equipment Manufacturers (OEMs)	Painted aluminum sheet and coil; fabricated painted aluminum, laminated and fiberglass panels; windows and roofing; and composite building panels	$	202,556	$	240,769	$	219,191
Home Improvement Retailers	Rain carrying systems, roofing accessories, windows, doors and shower enclosures	181,363		201,107		192,307
Industrial and Architectural Contractors	Standing seam panels and siding and roofing accessories	148,231		171,259		158,315
Rural Contractors	Steel and aluminum roofing and siding	144,398		143,921		133,658
Distributors	Metal coils, rain carrying systems and roofing accessories	91,505		101,085		102,365
Home Improvement Contractors	Vinyl replacement windows; metal coils; rain carrying systems; metal roofing and insulated roofing panels; patio and entrance doors; and awnings	35,674		38,227		41,858
Manufactured Housing	Steel siding and trim components	33,413		37,310		36,006
		$	837,140	$	933,678	$	883,700

The following tables reflect net sales and long-lived asset information by geographic areas for the periods indicated:



	Net Sales
	Year Ended
	December 31, 2012		December 30, 2011		December 31, 2010
United States	$	564,254	$	596,720	$	584,551
The Netherlands	154,153		188,940		164,275
United Kingdom	72,699		92,574		86,264
France	36,886		45,513		39,219
Canada	9,148		9,931		9,391
	$	837,140	$	933,678	$	883,700



	Long Lived Assets
	December 31, 2012		December 30, 2011
United States	$	69,241	$	72,848
The Netherlands	36,428		37,382
United Kingdom	19,732		19,746
France	13,358		13,786
Canada	2,449		2,787
	$	141,208	$	146,549

Non-U.S. revenue is classified based on the country in which the legal subsidiary is domiciled. The Company's largest customer accounted for 13.3% of 2012, 11.1% of 2011 and 11.3% of 2010 net sales. Sales from this customer are included in the U.S. Residential Products and U.S. Commercial Products segments. As of December 31, 2012, this customer had an outstanding trade receivable balance of $6.2 million. No other customer represented greater than 10% of the Company's revenues in 2012, 2011, or 2010.