Segment Information

12 Months Ended

Mar. 29, 2020

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. Product costs and expenses for each segment are based on actual costs incurred along with cost allocations of shared and centralized functions.

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. There are no intersegment sales and no operating segments have been aggregated.


Reportable Segments	Industrial		Water Treatment		Health and Nutrition		Total
(In thousands)
Fiscal Year Ended March 29, 2020:
Sales	$	275,224	$	159,895	$	105,079	$	540,198
Gross profit	38,936		41,902		20,079		100,917
Selling, general, and administrative expenses	24,123		19,801		15,322		59,246
Operating income	14,813		22,101		4,757		41,671
Identifiable assets*	$	173,068	$	63,506	$	139,780	$	376,354
Capital expenditures	$	14,933	$	9,160	$	456	$	24,549
Fiscal Year Ended March 31, 2019:
Sales	$	281,860	$	149,490	$	124,976	$	556,326
Gross profit	34,900		37,986		23,050		95,936
Selling, general, and administrative expenses	22,759		19,498		16,861		59,118
Operating income (loss)	12,141		18,488		6,189		36,818
Identifiable assets*	$	162,926	$	58,274	$	146,042	$	367,242
Capital expenditures	$	7,319	$	4,506	$	793	$	12,618
Fiscal Year Ended April 1, 2018:
Sales	$	247,374	$	138,465	$	118,330	$	504,169
Gross profit	29,619		36,268		20,873		86,760
Selling, general, and administrative expenses	21,159		19,426		18,818		59,403
Goodwill impairment	—		—		39,116		39,116
Operating income	8,460		16,842		(37,061)		(11,759)
Identifiable assets*	$	165,052	$	58,513	$	153,123	$	376,688
Capital expenditures	$	10,265	$	7,228	$	2,210	$	19,703

* Unallocated assets, consisting primarily of cash and cash equivalents, investments and prepaid expenses, were $13.0 million at March 29, 2020, $18.4 million at March 31, 2019 and $14.3 million at April 1, 2018.