Segment Data

3 Months Ended

Feb. 01, 2013

Segment Data

Segment Data

Segment Data

The presentation of segment information reflects the manner in which management organizes segments for making operating decisions and assessing performance. On this basis, the company has determined it has three reportable business segments: Professional, Residential, and Distribution. The Distribution segment, which consists of company-owned domestic distributorships, has been combined with the company’s corporate activities and elimination of intersegment revenues and expenses that is shown as “Other” in the following tables due to the insignificance of the segment.

The following table shows the summarized financial information concerning the company’s reportable segments:

(Dollars in thousands)
Three months ended February 1, 2013	Professional		Residential		Other			Total
Net sales	$	329,144	$	120,947	$	(5,430	)	$	444,661
Intersegment gross sales	15,455		84		(15,539		)	—
Earnings (loss) before income taxes	60,738		12,154		(29,494		)	43,398
Total assets	592,554		229,252		162,337			984,143

Three months ended February 3, 2012	Professional		Residential			Other			Total
Net sales	$	283,834	$	137,608		$	2,393		$	423,835
Intersegment gross sales	5,066		(216		)	(4,850		)	—
Earnings (loss) before income taxes	42,091		12,608			(24,613		)	30,086
Total assets	522,726		223,583			190,698			937,007

The following table summarizes the components of the loss before income taxes included in “Other” shown above:

	Three Months Ended
	February 1,			February 3,
(Dollars in thousands)	2013			2012
Corporate expenses	$	(21,684	)	$	(19,470	)
Interest expense	(4,249		)	(4,428		)
Other	(3,561		)	(715		)
Total	$	(29,494	)	$	(24,613	)