Segment Information

9 Months Ended

Sep. 26, 2014

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 of 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 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 26, 2014:

	U.S. Residential Products		U.S. Commercial Products		European Roll Coated Aluminum		European Engineered Products		Other Non- Allocated			Eliminations			Consolidated
Three months ended September 26, 2014	(in thousands)
Net sales:
Third party	$	94,126	$	85,633	$	44,710	$	15,473	$	—		$	—		$	239,942
Intersegment	218		40		176		—		—			(434		)	—
Total net sales	$	94,344	$	85,673	$	44,886	$	15,473	$	—		$	(434	)	$	239,942
Income (loss) from operations	$	9,660	$	2,213	$	1,979	$	325	$	(3,001	)	$	—		$	11,176
Depreciation and amortization	$	2,790	$	2,707	$	2,299	$	398	$	(52	)	$	—		$	8,142
Capital expenditures	$	301	$	641	$	415	$	248	$	667		$	—		$	2,272

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 nine months ended September 26, 2014:

	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Nine months ended September 26, 2014	(in thousands)
Net sales:
Third party	$	230,235	$	216,699		$	146,258	$	49,644		$	—		$	—		$	642,836
Intersegment	614		100			472		—			—			(1,186		)	—
Total net sales	$	230,849	$	216,799		$	146,730	$	49,644		$	—		$	(1,186	)	$	642,836
Income (loss) from operations	$	17,938	$	(1,003	)	$	9,297	$	(619	)	$	(9,316	)	$	—		$	16,297
Depreciation and amortization	$	8,246	$	7,564		$	7,010	$	1,261		$	514		$	—		$	24,595
Capital expenditures	$	961	$	1,344		$	1,220	$	730		$	978		$	—		$	5,233

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

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 26, 2014		September 27, 2013		September 26, 2014		September 27, 2013
		(in thousands)
Home Improvement Retailers	Rain carrying systems, metal panels, roofing accessories, windows, doors and shower enclosures	$	54,934	$	57,449	$	135,000	$	145,995
Rural Contractors	Steel and aluminum roofing and siding	46,974		44,029		103,001		97,932
Original Equipment Manufacturers (“OEMs”)	Painted aluminum sheet and coil; fabricated painted aluminum, laminated and fiberglass panels; windows and roofing; and composite building panels	46,033		45,474		158,330		149,791
Industrial and Architectural Contractors	Metal panels and siding and roofing accessories	38,168		37,926		110,410		112,721
Distributors	Metal coils, rain carrying systems and roofing accessories	31,043		25,096		73,296		67,121
Home Improvement Contractors	Vinyl replacement windows; metal coils, rain carrying systems; metal roofing and insulated roofing panels; shower, patio and entrance doors; and awnings	13,918		11,546		37,275		31,971
Manufactured Housing	Steel siding and trim components	8,872		6,315		25,524		24,710
		$	239,942	$	227,835	$	642,836	$	630,241