Segment Information

6 Months Ended

Sep. 28, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

We have two reportable segments: Industrial and Water Treatment. The accounting policies of the segments are the same as those described in the summary of significant accounting policies as disclosed in our fiscal 2014 Annual Report on Form 10-K. Product costs and expenses for each segment are based on actual costs incurred along with cost allocation of shared and centralized functions. We evaluate performance based on profit or loss from operations before income taxes not including nonrecurring gains and losses. Reportable segments are defined primarily by product and type of customer. Segments are responsible for the sales, marketing and development of their products and services. The segments do not have separate accounting, administration, customer service or purchasing functions. There are no intersegment sales and no operating segments have been aggregated. Given the nature of our business, it is not practical to disclose revenues from external customers for each product or each group of similar products. No single customer’s revenues amounted to 10% or more of our total revenue. Sales are primarily within the United States and all assets are located within the United States.

(In thousands)	Industrial		Water Treatment		Total
Three months ended September 28, 2014:
Sales	$	57,935	$	30,946	$	88,881
Gross profit	8,363		9,759		18,122
Selling, general and administrative expenses	4,717		3,554		8,271
Operating income	3,646		6,205		9,851
Three months ended September 29, 2013:
Sales	$	56,683	$	29,916	$	86,599
Gross profit	7,282		9,288		16,570
Selling, general and administrative expenses	4,881		3,412		8,293
Operating income	2,401		5,876		8,277
Six months ended September 28, 2014:
Sales	$	125,481	$	61,436	$	186,917
Gross profit	17,724		18,894		36,618
Selling, general and administrative expenses	9,816		7,330		17,146
Operating income	7,908		11,564		19,472
Six months ended September 29, 2013:
Sales	$	123,714	$	57,629	$	181,343
Gross profit	16,504		17,297		33,801
Selling, general and administrative expenses	10,315		6,948		17,263
Operating income	6,189		10,349		16,538