Segment Information

3 Months Ended

Jul. 03, 2022

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 April 3, 2022.

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 July 3, 2022:
Sales	$	124,710	$	78,490	$	43,343	$	246,543
Gross profit	20,009		18,953		7,787		46,749
Selling, general, and administrative expenses	6,385		8,701		3,799		18,885
Operating income	13,624		10,252		3,988		27,864
Three months ended June 27, 2021:
Sales	$	85,850	$	56,238	$	39,153	$	181,241
Gross profit	14,254		16,234		8,486		38,974
Selling, general, and administrative expenses	6,241		7,062		3,553		16,856
Operating income	8,013		9,172		4,933		22,118

No significant changes to identifiable assets by segment occurred during the three months ended July 3, 2022.