Segment Information

3 Months Ended

Jul. 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 the third quarter of fiscal 2016. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in our fiscal 2016 Annual Report on Form 10-K.

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. Shared corporate functions are allocated between the segments that they support. 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		Health and Nutrition		Total
Three months ended July 3, 2016:
Sales	$	63,788	$	35,636	$	31,950	$	131,374
Gross profit	10,422		10,629		7,165		28,216
Selling, general, and administrative expenses	5,395		5,064		4,667		15,126
Operating income	5,027		5,565		2,498		13,090
Three months ended June 28, 2015:
Sales	$	67,588	$	33,908	$	—	$	101,496
Gross profit	10,714		10,021		—		20,735
Selling, general, and administrative expenses	5,199		4,692		—		9,891
Operating income	5,515		5,329		—		10,844

No significant changes to identifiable assets by segment occurred during the three months ended July 3, 2016.