SEGMENTS

3 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

SEGMENTS

SEGMENTS

We conduct our operations through three business segments based on type of product and how we manage the business:

• Industrial Products includes specialty mechanical products, fire and smoke protection products, architecturally-specified building products and storage, filtration and application equipment for use with our specialty chemicals and other products for general industrial application.

• Coatings, Sealants & Adhesives is comprised of coatings and penetrants, pipe thread sealants, firestopping sealants and caulks and adhesives/solvent cements.

• Specialty Chemicals includes lubricants and greases, drilling compounds, anti-seize compounds, chemical formulations and degreasers and cleaners.

Our corporate headquarters does not constitute a separate segment. We evaluate segment performance and allocate resources based on each reportable segment’s operating income. The Eliminations and Other segment information is included to reconcile segment data to the consolidated financial statements and includes assets and expenses primarily related to corporate and other functions. No individual customer accounted for more than 10% of consolidated net revenues. Currently, we do not allocate interest expense, net or other income (expense), net by segment.

Three Months Ended June 30, 2017:

(in thousands)	Industrial Products		Coatings, Sealants and Adhesives		Specialty Chemicals		Subtotal – Reportable Segments		Eliminations and Other			Total
Revenues, net	$	53,261	$	23,382	$	21,382	$	98,025	$	2		$	98,027
Operating income	13,633		990		1,911		16,534		(2,271		)	14,263

Three Months Ended June 30, 2016:

(in thousands)	Industrial Products		Coatings, Sealants and Adhesives		Specialty Chemicals		Subtotal – Reportable Segments		Eliminations and Other			Total
Revenues, net	$	43,475	$	23,424	$	17,187	$	84,086	$	21		$	84,107
Operating income	10,607		1,649		1,121		13,377		(5,967		)	7,410