Segment Information

9 Months Ended

Dec. 29, 2019

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 December 29, 2019:
Sales	$	63,018	$	34,890	$	22,498	$	120,406
Gross profit	8,418		8,362		4,698		21,478
Selling, general, and administrative expenses	6,050		4,834		3,818		14,702
Operating income	2,368		3,528		880		6,776
Three months ended December 30, 2018:
Sales	$	69,026	$	32,740	$	26,385	$	128,151
Gross profit	8,288		7,643		5,102		21,033
Selling, general, and administrative expenses	5,589		4,582		4,141		14,312
Operating income	2,699		3,061		961		6,721
Nine months ended December 29, 2019:
Sales	$	206,433	$	124,010	$	77,342	$	407,785
Gross profit	30,007		33,206		15,056		78,269
Selling, general and administrative expenses	18,041		14,956		11,358		44,355
Operating income	11,966		18,250		3,698		33,914
Nine months ended December 30, 2018:
Sales	$	212,446	$	116,322	$	94,507	$	423,275
Gross profit	27,059		30,790		17,413		75,262
Selling, general and administrative expenses	16,866		14,738		12,628		44,232
Operating income	10,193		16,052		4,785		31,030

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