Segment Information

6 Months Ended

Oct. 01, 2017

We have three reportable segments: Industrial, Water Treatment, and Health and Nutrition. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in our fiscal 2017 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. There are no intersegment sales and no operating segments have been aggregated. 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 October 1, 2017:
Sales	$	58,689	$	38,217	$	28,489	$	125,395
Gross profit	8,308		11,028		4,779		24,115
Selling, general, and administrative expenses	5,295		5,042		4,491		14,828
Operating income	3,013		5,986		288		9,287
Three months ended October 2, 2016:
Sales	$	55,846	$	36,856	$	28,548	$	121,250
Gross profit	10,185		11,072		5,775		27,032
Selling, general, and administrative expenses	5,392		4,953		4,526		14,871
Operating income	4,793		6,119		1,249		12,161
Six months ended October 1, 2017:
Sales	$	122,716	$	76,441	$	59,969	$	259,126
Gross profit	17,281		22,231		10,602		50,114
Selling, general and administrative expenses	11,051		10,299		9,244		30,594
Operating income	6,230		11,932		1,358		19,520
Six months ended October 2, 2016:
Sales	$	119,634	$	72,492	$	60,498	$	252,624
Gross profit	20,607		21,701		12,940		55,248
Selling, general and administrative expenses	10,787		10,017		9,193		29,997
Operating income	9,820		11,684		3,747		25,251

No significant changes to identifiable assets by segment occurred during the six months ended October 1, 2017.