Segment Information

9 Months Ended

Sep. 27, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company manages its business and serves its customers through reportable segments differentiated by product type, end market, and geography. 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 Company evaluates the performance of its segments and allocates resources to them based primarily on segment income (loss) from operations. Expenses, income and assets that are not segment specific relate to the holding company and business development activities conducted for the overall benefit of the Company, and accordingly, are not attributable to the Company’s segments.

The following table presents information about reported segments for the three months ended September 27, 2013:

	U.S. Residential Products		U.S. Commercial Products		European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Three months ended September 27, 2013	(in thousands)
Net sales:
Third party	$	87,518	$	80,717	$	45,660	$	13,940		$	—		$	—		$	227,835
Intersegment	188		58		87		—			—			(333		)	—
Total net sales	$	87,706	$	80,775	$	45,747	$	13,940		$	—		$	(333	)	$	227,835
Income (loss) from operations	$	9,281	$	2,251	$	1,782	$	(1,612	)	$	(3,015	)	$	—		$	8,687
Depreciation and amortization	$	2,891	$	2,628	$	2,435	$	401		$	159		$	—		$	8,514
Capital expenditures	$	873	$	361	$	717	$	180		$	266		$	—		$	2,397

The following table presents information about reported segments for the three months ended September 28, 2012:

	U.S. Residential Products		U.S. Commercial Products		European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Three months ended September 28, 2012	(in thousands)
Net sales:
Third party	$	77,469	$	79,334	$	48,540	$	13,830		$	—		$	—		$	219,173
Intersegment	191		33		176		—			—			(400		)	—
Total net sales	$	77,660	$	79,367	$	48,716	$	13,830		$	—		$	(400	)	$	219,173
Income (loss) from operations	$	7,475	$	1,707	$	2,095	$	(1,461	)	$	(3,206	)	$	—		$	6,610
Depreciation and amortization	$	2,926	$	2,686	$	2,299	$	615		$	98		$	—		$	8,624
Capital expenditures	$	345	$	329	$	493	$	89		$	683		$	—		$	1,939

The following table presents information about reported segments for the nine months ended September 27, 2013:

	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Nine months ended September 27, 2013	(in thousands)
Net sales:
Third party	$	226,203	$	209,217		$	145,238	$	49,583		$	—		$	—		$	630,241
Intersegment	522		356			192		—			—			(1,070		)	—
Total net sales	$	226,725	$	209,573		$	145,430	$	49,583		$	—		$	(1,070	)	$	630,241
Income (loss) from operations	$	18,857	$	(1,830	)	$	7,422	$	(5,144	)	$	(8,166	)	$	—		$	11,139
Depreciation and amortization	$	8,721	$	7,866		$	7,149	$	1,397		$	424		$	—		$	25,557
Capital expenditures	$	2,076	$	1,367		$	2,527	$	396		$	989		$	—		$	7,355

The following table presents information about reported segments for the nine months ended September 28, 2012:

	U.S. Residential Products		U.S. Commercial Products		European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Nine months ended September 28, 2012	(in thousands)
Net sales:
Third party	$	214,665	$	222,267	$	152,012	$	52,704		$	—		$	—		$	641,648
Intersegment	774		162		441		—			—			(1,377		)	—
Total net sales	$	215,439	$	222,429	$	152,453	$	52,704		$	—		$	(1,377	)	$	641,648
Income (loss) from operations	$	18,261	$	165	$	7,979	$	(2,304	)	$	(9,712	)	$	—		$	14,389
Depreciation and amortization	$	8,665	$	8,089	$	7,054	$	1,868		$	262		$	—		$	25,938
Capital expenditures	$	1,085	$	724	$	1,243	$	541		$	993		$	—		$	4,586

It is impractical for the Company to provide revenues from external customers by groups of similar products. Accordingly, the following table reflects revenues from external customers by markets for the periods indicated.

		Three months ended				Nine months ended
Customers/Markets	Primary Products	September 27, 2013		September 28, 2012		September 27, 2013		September 28, 2012
		(in thousands)
Home Improvement Retailers	Rain carrying systems, metal panels, roofing accessories, windows, doors and shower enclosures	$	57,449	$	51,806	$	145,995	$	139,740
Original Equipment Manufacturers (“OEMs”)	Painted aluminum sheet and coil; fabricated painted aluminum, laminated and fiberglass panels; windows and roofing; and composite building panels	45,474		43,457		149,791		161,946
Rural Contractors	Steel and aluminum roofing and siding	44,029		43,116		97,932		107,412
Industrial and Architectural Contractors	Metal panels and siding and roofing accessories	37,926		40,321		112,721		110,908
Distributors	Metal coils, rain carrying systems and roofing accessories	25,096		23,917		67,121		68,807
Home Improvement Contractors	Vinyl replacement windows; metal coils, rain carrying systems; metal roofing and insulated roofing panels; shower, patio and entrance doors; and awnings	11,546		9,564		31,971		27,590
Manufactured Housing	Steel siding and trim components	6,315		6,992		24,710		25,245
		$	227,835	$	219,173	$	630,241	$	641,648