Segment Reporting

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

The Company has two reportable segments; the recreational vehicle products segment (the "RV Segment") and the manufactured housing products segment (the "MH Segment"). Intersegment sales are insignificant.

The RV Segment, which accounted for 90 percent and 88 percent of consolidated net sales for the six month periods ended June 30, 2014 and 2013, respectively, manufactures a variety of products used in the production of RVs, including:

● Steel chassis for towable RVs	● Chassis components
● Axles and suspension solutions for towable RVs	● Furniture and mattresses
● Slide-out mechanisms and solutions	● Entry, luggage, patio and ramp doors
● Thermoformed bath, kitchen and other products	● Electric and manual entry steps
● Windows	● Awnings and slide toppers
● Manual, electric and hydraulic stabilizer and     leveling systems	● Other accessories and electronic components

The Company also supplies certain of these products to the RV aftermarket, and to adjacent industries, including buses, trailers used to haul boats, livestock, equipment and other cargo, truck campers and truck caps. Approximately 81 percent of the Company’s RV Segment net sales for the last twelve months were of products to original equipment manufacturers ("OEMs") of travel trailer and fifth-wheel RVs.

The MH Segment, which accounted for 10 percent and 12 percent of consolidated net sales for the six month periods ended June 30, 2014 and 2013, respectively, manufactures a variety of products used in the production of manufactured homes, including:

●Vinyl and aluminum windows	●Steel chassis
●Thermoformed bath and kitchen products	●Steel chassis parts
●Steel and fiberglass entry doors	●Axles
●Aluminum and vinyl patio doors

The Company also supplies certain of these products to the manufactured housing aftermarket, and to adjacent industries, including modular housing and mobile office units. Certain of the Company’s MH Segment customers manufacture both manufactured homes and modular homes, and certain of the products manufactured by the Company are suitable for both types of homes. As a result, the Company is not always able to determine in which type of home its products are installed.

Decisions concerning the allocation of the Company's resources are made by the Company's key executives, with oversight by the Board of Directors. This group evaluates the performance of each segment based upon segment operating profit or loss, generally defined as income or loss before interest and income taxes. Decisions concerning the allocation of resources are also based on each segment’s utilization of assets. Management of debt is a corporate function. The accounting policies of the RV and MH Segments are the same as those described in Note 1 of the Notes to Consolidated Financial Statements of the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

Information relating to segments follows for the:
	Six Months Ended   June 30,				Three Months Ended   June 30,
(In thousands)	2014		2013		2014		2013
Net sales:
RV Segment:
RV OEMs:
Travel trailers and fifth-wheels	$	447,416	$	392,450	$	235,286	$	207,849
Motorhomes	30,057		22,890		15,673		11,939
RV aftermarket	16,762		12,881		9,668		7,152
Adjacent industries	54,627		48,848		29,199		26,126
Total RV Segment net sales	548,862		477,069		289,826		253,066
MH Segment:
Manufactured housing OEMs	37,281		40,370		20,764		22,591
Manufactured housing aftermarket	7,172		7,239		3,705		3,587
Adjacent industries	13,845		15,100		7,488		7,948
Total MH Segment net sales	58,298		62,709		31,957		34,126
Total net sales	$	607,160	$	539,778	$	321,783	$	287,192

	Six Months Ended   June 30,						Three Months Ended   June 30,
(In thousands)	2014			2013			2014			2013
Operating profit:
RV Segment	$	51,761		$	34,864		$	28,032		$	22,600
MH Segment	5,388			6,308			3,071			3,841
Total segment operating profit	57,149			41,172			31,103			26,441
Sale of extrusion assets	(1,954		)	—			(1,954		)	—
Executive succession	—			(1,876		)	—			(733		)
Total operating profit	$	55,195		$	39,296		$	29,149		$	25,708