Segment Information

3 Months Ended

Mar. 30, 2012

Segment Information [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. 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 restructuring, the Company has identified two U.S. reporting segments; U.S. Residential Products and U.S. Commercial Products. Prior to this restructuring, our reporting segments consisted of U.S. Residential Building Products, U.S. Non-Residential Building Products and U.S. RV and Specialty Building Products. Our first quarter 2011 results have been adjusted to reflect the Company's change in reportable segments. These organizational changes did not impact our European reportable segments.

Our 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 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, OEM's, 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 non-residential, 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 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.

The following table presents information about reported segments for the three months ended March 30, 2012:

	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Three months ended March 30, 2012	(in thousands)
Net sales:
Third party	$	60,646	$	64,155		$	54,148	$	19,734		$	—		$	—		$	198,683
Intersegment	272		90			158		—			—			(520		)	—
Total net sales	$	60,918	$	64,245		$	54,306	$	19,734		$	—		$	(520	)	$	198,683
(Loss) income from operations	$	3,507	$	(3,053	)	$	2,593	$	(380	)	$	(2,953	)	$	—		$	(286	)
Depreciation and amortization	$	2,643	$	2,048		$	2,397	$	622		$	971		$	—		$	8,681
Capital expenditures	$	451	$	195		$	477	$	303		$	—		$	—		$	1,426

The following table presents information about reported segments for the three months ended April 1, 2011:

	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products		Other Non- Allocated			Eliminations			Consolidated
Three months ended April 1, 2011	(in thousands)
Net sales:
Third party	$	60,184	$	66,822		$	60,446	$	22,927	$	—		$	—		$	210,379
Intersegment	254		4			166		—		—			(424		)	—
Total net sales	$	60,438	$	66,826		$	60,612	$	22,927	$	—		$	(424	)	$	210,379
Income (loss) from operations	$	2,894	$	(2,240	)	$	4,806	$	575	$	(5,223	)	$	—		$	812
Depreciation and amortization	$	2,845	$	2,100		$	2,643	$	780	$	869		$	—		$	9,237
Capital expenditures	$	314	$	961		$	396	$	666	$	939		$	—		$	3,276

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	March 30, 2012		April 1, 2011
		(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	$	61,059	$	66,488
Home Improvement Retailers	Rain carrying systems, roofing accessories, steel roofing and siding, windows, doors and shower enclosures	38,319		39,961
Industrial and Architectural Contractors	Standing seam panels; siding and roofing accessories; and composite building panels	35,890		38,908
Rural Contractors	Steel and aluminum roofing and siding	27,108		26,867
Distributors	Metal coils, rain carrying systems and roofing accessories	20,188		19,548
Manufactured Housing	Steel siding and trim components	8,693		10,267
Home Improvement Contractors	Vinyl replacement windows; metal coils, rain carrying systems; metal roofing and insulated roofing panels; shower, patio and entrance doors; and awnings	7,426		8,340
		$	198,683	$	210,379