XML 45 R22.htm IDEA: XBRL DOCUMENT v3.19.3
Segment Information
6 Months Ended
Sep. 29, 2019
Segment Reporting [Abstract]  
Segment Information
Segment Information

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 2019 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 September 29, 2019:
 
 
 
 
 
 
 
 
Sales
 
$
68,090

 
$
45,868

 
$
26,085

 
$
140,043

Gross profit
 
10,674

 
12,753

 
4,567

 
27,994

Selling, general, and administrative expenses
 
5,895

 
5,134

 
3,788

 
14,817

Operating income
 
4,779

 
7,619

 
779

 
13,177

Three months ended September 30, 2018:
 

 

 
 
 
 
Sales
 
$
69,402

 
$
42,713

 
$
33,209

 
$
145,324

Gross profit
 
8,328

 
11,710

 
5,734

 
25,772

Selling, general, and administrative expenses
 
5,790

 
5,055

 
4,096

 
14,941

Operating income
 
2,538

 
6,655

 
1,638

 
10,831

Six months ended September 29, 2019:
 
 
 
 
 
 
 
 
Sales
 
$
143,415

 
$
89,120

 
$
54,844

 
$
287,379

Gross profit
 
21,589

 
24,844

 
10,358

 
56,791

Selling, general and administrative expenses
 
11,991

 
10,122

 
7,540

 
29,653

Operating income
 
9,598

 
14,722

 
2,818

 
27,138

Six months ended September 30, 2018:
 
 
 
 
 
 
 
 
Sales
 
$
143,420

 
$
83,582

 
$
68,122

 
$
295,124

Gross profit
 
18,771

 
23,147

 
12,311

 
54,229

Selling, general and administrative expenses
 
11,277

 
10,156

 
8,487

 
29,920

Operating income
 
7,494

 
12,991

 
3,824

 
24,309



No significant changes to identifiable assets by segment occurred during the six months ended September 29, 2019.