Segment Data

6 Months Ended

Apr. 29, 2016

Segment Data

Segment Data

Note 9 — 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 our company-owned domestic distributorship, 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 April 29, 2016	Professional		Residential		Other			Total
Net sales	$	595,209	$	238,231	$	3,001		$	836,441
Intersegment gross sales	12,249		129		(12,378		)	—
Earnings (loss) before income taxes	141,623		34,988		(22,369		)	154,242
Three months ended May 1, 2015	Professional		Residential		Other			Total
Net sales	$	552,774	$	267,867	$	5,601		$	826,242
Intersegment gross sales	17,766		104		(17,870		)	—
Earnings (loss) before income taxes	120,815		34,838		(19,516		)	136,137
Six months ended April 29, 2016	Professional		Residential		Other			Total
Net sales	$	934,045	$	382,515	$	6,279		$	1,322,839
Intersegment gross sales	17,966		197		(18,163		)	—
Earnings (loss) before income taxes	203,215		51,727		(47,003		)	207,939
Total assets	890,577		301,907		350,257			1,542,741
Six months ended May 1, 2015	Professional		Residential		Other			Total
Net sales	$	892,480	$	402,610	$	5,363		$	1,300,453
Intersegment gross sales	28,286		188		(28,474		)	—
Earnings (loss) before income taxes	176,474		48,565		(46,929		)	178,110
Total assets	919,135		261,835		298,157			1,479,127

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

	Three Months Ended						Six Months Ended
	April 29,			May 1,			April 29,			May 1,
(Dollars in thousands)	2016			2015			2016			2015
Corporate expenses	$	(23,584	)	$	(19,475	)	$	(48,367	)	$	(41,445	)
Interest expense, net	(4,721		)	(4,768		)	(9,375		)	(9,484		)
Other	5,936			4,727			10,739			4,000
Total	$	(22,369	)	$	(19,516	)	$	(47,003	)	$	(46,929	)