OPERATING SEGMENTS

3 Months Ended

Feb. 02, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 12 — OPERATING SEGMENTS

Operating segments are defined as components of an enterprise that engage in business activities and by which discrete financial information is available that is evaluated on a regular basis by the chief operating decision maker to make decisions about how to allocate resources to the segment and assess the performance of the segment. We have three operating segments: metal coil coating; metal components; and engineered building systems. All operating segments operate primarily in the nonresidential construction market. Sales and earnings are influenced by general economic conditions, the level of nonresidential construction activity, metal roof repair and retrofit demand and the availability and terms of financing available for construction. Products of our operating segments use similar basic raw materials. The metal coil coating segment consists of cleaning, treating, painting and slitting continuous steel coils before the steel is fabricated for use by construction and industrial users. The metal components segment products include metal roof and wall panels, doors, metal partitions, metal trim, insulated panels and other related accessories. The engineered building systems segment includes the manufacturing of main frames, Long Bay ^® Systems and value-added engineering and drafting, which are typically not part of metal components or metal coil coating products or services. The operating segments follow the same accounting policies used for our consolidated financial statements.

We evaluate a segment’s performance based primarily upon operating income before corporate expenses. Intersegment sales are recorded based on standard material costs plus a standard markup to cover labor and overhead and consist of: (i) hot-rolled, light gauge painted and slit material and other services provided by the metal coil coating segment to both the engineered building systems and metal components segments; (ii) building components provided by the metal components segment to the engineered building systems segment; and (iii) structural framing provided by the engineered building systems segment to the metal components segment.

Corporate assets consist primarily of cash but also include deferred financing costs, deferred taxes and property, plant and equipment associated with our headquarters in Houston, Texas. These items (and income and expenses related to these items) are not allocated to the operating segments. Corporate unallocated expenses include executive, legal, finance, tax, treasury, human resources, information technology, purchasing, marketing and corporate travel expenses. Additional unallocated expenses include interest income, interest expense and other (expense) income.

The following table represents sales, operating income and total assets attributable to these operating segments for the periods indicated (in thousands):

	Fiscal Three Months Ended
	February 2,		January 27,
	2014		2013
Total sales:
Metal coil coating	$	54,267	$	49,271
Metal components		158,193		153,904
Engineered building systems		152,237		147,566
Intersegment sales		(54,031)		(53,157)
Total net sales	$	310,666	$	297,584
External sales:
Metal coil coating	$	24,590	$	19,221
Metal components		139,346		136,528
Engineered building systems		146,730		141,835
Total net sales	$	310,666	$	297,584
Operating income (loss):
Metal coil coating	$	6,495	$	5,542
Metal components		4,111		6,072
Engineered building systems		1,640		4,041
Corporate		(15,414)		(15,257)
Total operating income (loss)	$	(3,168)	$	398
Unallocated other expense		(3,596)		(5,850)
Loss before income taxes	$	(6,764)	$	(5,452)

	February 2,		November 3,
	2014		2013
Total assets:
Metal coil coating	$	80,974	$	71,118
Metal components		373,025		380,488
Engineered building systems		195,102		199,551
Corporate		60,545		129,106
Total assets	$	709,646	$	780,263