Segment Information

9 Months Ended

Jan. 01, 2017

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 near the end of 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. We allocate certain corporate expenses to our operating segments, and we began allocating a portion of these costs to the Health and Nutrition segment in fiscal 2017. Corporate costs allocated to Health and Nutrition were $0.5 million for the three months ended January 1, 2017 and $1.5 million for the nine months ended January 1, 2017; these costs would have otherwise been allocated to Industrial (approximately $0.3 million for the three months ended January 1, 2017 and $0.9 million for the nine month period) and Water Treatment (approximately $0.2 million for the three months ended January 1, 2017 and $0.6 million for the nine month period). 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 January 1, 2017:
Sales	$	57,083	$	28,098	$	27,170		$	112,351
Gross profit	8,371		7,242		5,299			20,912
Selling, general, and administrative expenses	5,467		4,808		4,641			14,916
Operating income	2,904		2,434		658			5,996
Three months ended December 27, 2015:
Sales	$	59,326	$	29,049	$	—		$	88,375
Gross profit	7,474		7,235		—			14,709
Selling, general, and administrative expenses	5,421		4,714		2,690			12,825
Operating income (loss)	2,053		2,521		(2,690		)	1,884
Nine months ended January 1, 2017:
Sales	$	176,717	$	100,590	$	87,668		$	364,975
Gross profit	28,978		28,943		18,239			76,160
Selling, general and administrative expenses	16,254		14,825		13,834			44,913
Operating income	12,724		14,118		4,405			31,247
Nine months ended December 27, 2015:
Sales	$	185,260	$	99,203	$	—		$	284,463
Gross profit	27,372		27,883		—			55,255
Selling, general and administrative expenses	16,061		14,268		2,690			33,019
Operating income (loss)	11,311		13,615		(2,690		)	22,236

No significant changes to identifiable assets by segment occurred during the nine months endedJanuary 1, 2017.