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Industry Segments
3 Months Ended
Mar. 31, 2012
Industry Segments [Abstract]  
Industry Segments

Industry Segments

Using the criteria of ASC 280 Segment Reporting, the Company has four operating segments: Material Handling, Lawn and Garden, Distribution and Engineered Products. Each of these operating segments is also a reportable segment under the ASC 280 criteria. None of the reportable segments include operating segments that have been aggregated. Some of these segments contain individual business components that have been aggregated on the basis of common management, customers, products, production processes and economic characteristics. The Company accounts for intersegment sales and transfers at cost plus a specified mark-up.

Income before income taxes for each business segment is based on net sales less cost of products sold, and the related selling, administrative and general expenses. In computing business segment operating income, general corporate overhead expenses and interest expenses are not included.

 

                 
    Three Months Ended
March 31,
 

Net Sales

  2012     2011  

Material Handling

  $ 65,221     $ 65,730  

Lawn and Garden

    59,184       67,154  

Distribution

    42,738       41,634  

Engineered Products

    37,227       27,925  

Intra-segment elimination

    (5,581     (6,936
   

 

 

   

 

 

 

Net Sales

  $ 198,789     $ 195,507  
   

 

 

   

 

 

 

 

                 
    Three Months Ended
March 31,
 

Income Before Income Taxes

  2012     2011  

Material Handling

  $ 13,150     $ 10,261  

Lawn and Garden

    1,218       3,878  

Distribution

    3,511       3,072  

Engineered Products

    4,591       2,789  

Corporate

    (5,353     (7,632

Interest expense-net

    (1,081     (1,237
   

 

 

   

 

 

 

Income before income taxes

  $ 16,036     $ 11,131