Segment Information

3 Months Ended

Apr. 03, 2015

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. Beginning in the fourth quarter of 2014, the Company included net sales and the related cost of goods sold for certain commercial panels sold to customers in Residential markets within the U.S. Commercial Products Segment results. Previously, these products were included in the U.S. Residential Products Segment. The Company's results for the three months ended March 28, 2014 have been adjusted to reflect this change in 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 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 April 3, 2015:

	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products		Other Non- Allocated			Eliminations			Consolidated
Three months ended April 3, 2015	(in thousands)
Net sales:
Third party	$	56,853	$	65,504		$	46,939	$	16,303	$	—		$	—		$	185,599
Intersegment	191		41			171		—		—			(403		)	—
Total net sales	$	57,044	$	65,545		$	47,110	$	16,303	$	—		$	(403	)	$	185,599
(Loss) income from operations	$	1,725	$	(2,793	)	$	1,623	$	301	$	(4,143	)	$	—		$	(3,287	)
Depreciation and amortization	$	2,648	$	2,456		$	1,822	$	380	$	193		$	—		$	7,499
Capital expenditures	$	461	$	201		$	284	$	249	$	914		$	—		$	2,109

The following table presents information about reported segments for the three months ended March 28, 2014:

	U.S. Residential Products			U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Three months ended March 28, 2014	(in thousands)
Net sales:
Third party	$	45,943		$	57,456		$	49,928	$	16,577		$	—		$	—		$	169,904
Intersegment	179			28			209		—			—			(416		)	—
Total net sales	$	46,122		$	57,484		$	50,137	$	16,577		$	—		$	(416	)	$	169,904
(Loss) income from operations	$	(1,634	)	$	(4,680	)	$	3,929	$	(346	)	$	(2,279	)	$	—		$	(5,010	)
Depreciation and amortization	$	2,733		$	2,542		$	2,353	$	417		$	157		$	—		$	8,202
Capital expenditures	$	339		$	555		$	340	$	163		$	91		$	—		$	1,488

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
Customers/Markets	Primary Products	April 3, 2015		March 28, 2014
		(in thousands)
Original Equipment Manufacturers (“OEMs”)	Painted aluminum sheet and coil; fabricated painted aluminum, laminated and fiberglass panels; windows and roofing; and composite building panels	$	56,608	$	55,735
Home Improvement Retailers	Rain carrying systems, metal panels, roofing accessories, windows, doors and shower enclosures	34,395		30,086
Industrial and Architectural Contractors	Metal panels and siding and roofing accessories	33,221		33,862
Rural Contractors	Steel and aluminum roofing and siding	21,641		18,904
Distributors	Metal coils, rain carrying systems and roofing accessories	19,030		14,299
Home Improvement Contractors	Vinyl replacement windows; metal coils, rain carrying systems; metal roofing and insulated roofing panels; shower, patio and entrance doors; and awnings	11,302		9,145
Manufactured Housing	Steel siding and trim components	9,402		7,873
		$	185,599	$	169,904