Segment Information

9 Months Ended

Dec. 26, 2021

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 Annual Report on Form 10-K for the fiscal year ended March 28, 2021.

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. 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 26, 2021:
Sales	$	100,554	$	49,756	$	36,740	$	187,050
Gross profit	15,303		11,103		7,534		33,940
Selling, general, and administrative expenses	7,367		8,254		4,060		19,681
Operating income	7,936		2,849		3,474		14,259
Three months ended December 27, 2020:
Sales	$	64,356	$	39,298	$	39,273	$	142,927
Gross profit	9,207		10,027		9,005		28,239
Selling, general, and administrative expenses	6,978		6,788		3,984		17,750
Operating income	2,229		3,239		5,021		10,489
Nine months ended December 26, 2021:
Sales	$	269,572	$	168,105	$	113,891	$	551,568
Gross profit	42,121		44,855		23,225		110,201
Selling, general and administrative expenses	20,064		22,721		11,431		54,216
Operating income	22,057		22,134		11,794		55,985
Nine months ended December 27, 2020:
Sales	$	197,029	$	128,552	$	108,319	$	433,900
Gross profit	32,100		35,888		24,024		92,012
Selling, general and administrative expenses	19,474		17,654		11,881		49,009
Operating income	12,626		18,234		12,143		43,003

No significant changes to identifiable assets by segment occurred during the nine months ended December 26, 2021.