Segment Information

12 Months Ended

Apr. 03, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

We have three reportable segments: Industrial, Water Treatment and Health and Nutrition. Our Health and Nutrition segment was established as a result of our acquisition of Stauber in December 2015. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Product costs and expenses for each segment are based on actual costs incurred along with cost allocations 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. Other than our Health and Nutrition segment, 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.

Reportable Segments	Industrial		Water Treatment		Health and Nutrition			Total
(In thousands)
Fiscal Year Ended April 3, 2016:
Sales	$	251,749	$	128,312	$	33,915		$	413,976
Gross profit	37,967		35,470		6,820			80,257
Selling, general, and administrative expenses	22,137		19,261		7,688			49,086
Operating income (loss)	15,830		16,209		(868		)	31,171
Identifiable assets*	$	158,015	$	50,013	$	195,939		$	403,967
Fiscal Year Ended March 29, 2015:
Sales	$	249,066	$	114,957	$	—		$	364,023
Gross profit	33,619		32,172		—			65,791
Selling, general, and administrative expenses	19,793		15,582		—			35,375
Operating income	13,826		16,590		—			30,416
Identifiable assets*	$	151,157	$	42,860	$	—		$	194,017
Fiscal Year Ended March 30, 2014:
Sales	$	244,888	$	103,375	$	—		$	348,263
Gross profit	32,041		29,559		—			61,600
Selling, general, and administrative expenses	19,781		13,729		—			33,510
Operating income	12,260		15,830		—			28,090
Identifiable assets*	$	141,506	$	29,001	$	—		$	170,507

* Unallocated assets, consisting primarily of cash and cash equivalents, investments and prepaid expenses, were $32.8 million at April 3, 2016, $53.7 million at March 29, 2015 and $66.7 million at March 30, 2014.

In fiscal 2016, operating profit for the Health and Nutrition segment was negatively impacted by $3.3 million (pre-tax) of non-recurring SG&A expenses directly related to the acquisition by Hawkins.