10.

Segment Data

The Company’s reportable segments consist of automotive, industrial, office products, and electrical/electronic materials. Within the reportable segments, certain of the Company’s operating segments are aggregated since they have similar economic characteristics, products and services, type and class of customers, and distribution methods.

The Company’s automotive segment distributes replacement parts (other than body parts) for substantially all makes and models of automobiles, trucks, and other vehicles.

The Company’s industrial segment distributes a wide variety of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components, and related parts and supplies.

The Company’s office products segment distributes a wide variety of office products, computer supplies, office furniture, and business electronics.

The Company’s electrical/electronic materials segment distributes a wide variety of electrical/electronic materials, including insulating and conductive materials for use in electronic and electrical apparatus.

Inter-segment sales are not significant. Operating profit for each industry segment is calculated as net sales less operating expenses excluding general corporate expenses, interest expense, equity in income from investees, amortization, and noncontrolling interests. Approximately $193,400,000, $115,200,000 and $106,000,000 of income before income taxes was generated in jurisdictions outside the United States for the years ended December 31, 2013, 2012, and 2011, respectively. Net sales and net long-lived assets by country relate directly to the Company’s operations in the respective country. Corporate assets are principally cash and cash equivalents and headquarters’ facilities and equipment.

For management purposes, net sales by segment exclude the effect of certain discounts, incentives, and freight billed to customers. The line item “other” represents the net effect of the discounts, incentives, and freight billed to customers that are reported as a component of net sales in the Company’s consolidated statements of income and comprehensive income.


	2013			2012			2011			2010			2009
	(In Thousands)
Net sales:
Automotive	$	7,489,186		$	6,320,882		$	6,061,424		$	5,608,101		$	5,225,389
Industrial		4,429,976			4,453,574			4,173,574			3,521,863			2,885,782
Office products		1,638,618			1,686,690			1,689,368			1,641,963			1,639,018
Electrical/electronic materials		568,872			582,820			557,537			449,770			345,808
Other		(48,809	)		(30,098	)		(23,026	)		(14,108	)		(38,485	)

Total net sales	$	14,077,843		$	13,013,868		$	12,458,877		$	11,207,589		$	10,057,512

Operating profit:
Automotive	$	641,492		$	540,678		$	467,806		$	421,109		$	387,945
Industrial		320,720			352,119			337,628			255,616			162,353
Office products		122,492			134,441			134,124			131,746			126,104
Electrical/electronic materials		47,584			50,910			40,663			30,910			25,254

Total operating profit		1,132,288			1,078,148			980,221			839,381			701,656
Interest expense, net		(24,330	)		(19,619	)		(24,608	)		(26,598	)		(27,112	)
Corporate expense		(34,667	)		(26,606	)		(58,033	)		(46,263	)		(26,735	)
Intangible asset amortization		(28,987	)		(12,991	)		(6,774	)		(4,737	)		(3,644	)

Income before income taxes	$	1,044,304		$	1,018,932		$	890,806		$	761,783		$	644,165

Assets:
Automotive	$	4,009,244		$	3,411,252		$	3,218,931		$	3,177,644		$	3,148,876
Industrial		1,162,697			1,130,877			1,100,024			955,241			865,431
Office products		708,944			731,564			700,720			694,166			619,612
Electrical/electronic materials		156,780			137,237			129,933			113,757			76,716
Corporate		353,276			898,292			773,391			637,871			445,705
Goodwill and other intangible assets		1,289,356			497,839			279,775			209,548			171,532

Total assets	$	7,680,297		$	6,807,061		$	6,202,774		$	5,788,227		$	5,327,872

Depreciation and amortization:
Automotive	$	76,238		$	60,630		$	60,252		$	63,942		$	65,554
Industrial		8,751			8,307			7,495			7,208			7,611
Office products		10,166			10,837			9,999			9,737			9,685
Electrical/electronic materials		1,904			1,733			1,554			1,414			1,666
Corporate		7,911			3,885			2,862			2,294			2,251
Intangible asset amortization		28,987			12,991			6,774			4,737			3,644

Total depreciation and amortization	$	133,957		$	98,383		$	88,936		$	89,332		$	90,411

Capital expenditures:
Automotive	$	97,735		$	67,482		$	61,795		$	46,888		$	53,911
Industrial		8,808			13,015			9,851			4,307			2,987
Office products		9,297			16,013			22,036			29,866			5,782
Electrical/electronic materials		1,730			1,029			1,762			1,957			676
Corporate		6,493			4,448			8,025			2,361			6,089

Total capital expenditures	$	124,063		$	101,987		$	103,469		$	85,379		$	69,445

Net sales:
United States	$	11,594,713		$	11,299,291		$	10,791,303		$	9,793,820		$	8,935,651
Canada		1,560,799			1,616,921			1,571,733			1,327,552			1,078,799
Australasia		839,353			—			—			—			—
Mexico		131,787			127,754			118,867			100,325			81,547
Other		(48,809	)		(30,098	)		(23,026	)		(14,108	)		(38,485	)

Total net sales	$	14,077,843		$	13,013,868		$	12,458,877		$	11,207,589		$	10,057,512

Net long-lived assets:
United States	$	503,882		$	466,473		$	411,193		$	398,318		$	402,937
Canada		99,135			93,496			84,210			80,978			78,502
Australasia		60,614			—			—			—			—
Mexico		6,430			6,396			4,801			4,834			3,585

Total net long-lived assets	$	670,061		$	566,365		$	500,204		$	484,130		$	485,024