XML 31 R12.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Data
 3 Months Ended
Jan. 31, 2020
Segment Reporting [Abstract]  
Segment Data
3
Segment Data
The company's businesses are organized, managed, and internally grouped into segments based on similarities in products and services. Segment selection is based on the manner in which management organizes segments for making operating and investment decisions and assessing performance. The company has identified ten operating segments and has aggregated certain of those segments into two reportable segments: Professional and Residential. The aggregation of the company's segments is based on the segments having the following similarities: economic characteristics, types of products and services, types of production processes, type or class of customers, and method of distribution. The company's remaining activities are presented as "Other" due to their insignificance. These Other activities consist of the company's wholly-owned domestic distribution companies, the company's corporate activities, and the elimination of intersegment revenues and expenses.
The following tables present summarized financial information concerning the company’s reportable segments and Other activities:
(Dollars in thousands)
 
 
 
 
 
 
 
 
Three Months Ended January 31, 2020
 
Professional
 
Residential
 
Other
 
Total
Net sales
 
$
594,721

 
$
165,848

 
$
6,914

 
$
767,483

Intersegment gross sales (eliminations)
 
8,771

 
27

 
(8,798
)
 
—

Earnings (loss) before income taxes
 
102,474

 
21,566

 
(37,901
)
 
86,139

Total assets
 
$
1,853,739

 
$
324,089

 
$
313,781

 
$
2,491,609

(Dollars in thousands)
 
 
 
 
 
 
 
 
Three Months Ended February 1, 2019
 
Professional
 
Residential
 
Other
 
Total
Net sales
 
$
455,006

 
$
145,158

 
$
2,792

 
$
602,956

Intersegment gross sales (eliminations)
 
13,609

 
99

 
(13,708
)
 
—

Earnings (loss) before income taxes
 
87,978

 
13,072

 
(31,030
)
 
70,020

Total assets
 
$
959,768

 
$
235,520

 
$
427,526

 
$
1,622,814


The following table presents the details of operating loss before income taxes for the company's Other activities:
 
 
Three Months Ended
(Dollars in thousands)
 
January 31, 2020
 
February 1, 2019
Corporate expenses
 
$
(32,442
)
 
$
(28,314
)
Interest expense
 
(8,156
)
 
(4,742
)
Earnings from wholly-owned domestic distribution companies and other income, net
 
2,697

 
2,026

Total operating loss
 
$
(37,901
)
 
$
(31,030
)