SEGMENT REPORTING

9 Months Ended

Oct. 02, 2011

SEGMENT REPORTING

NOTE 11 – SEGMENT REPORTING

In 2011, we reclassified certain customers between our segments to better align them with the core markets served.  Segment information for 2010 has been revised from previously reported information to reflect the current presentation.  In addition, we changed the allocation methodology for our finance, technology, and other corporate general and administrative expenses.  Previously, these expenses were allocated based on the business unit’s actual revenue as a percentage of actual consolidated revenue.  Beginning in 2011, these expenses are now allocated based on the business unit’s budgeted revenue as a percentage of budgeted consolidated revenue.

Information about our operations by segment for the 13-week periods ended October 2, 2011 and October 3, 2010 is as follows:

		Healthcare		Financial Services		Commercial Markets			Industrial		Total
Revenue from external customers	2011	$	57,717	$	43,032	$	37,768		$	19,026	$	157,543
	2010		61,385		43,665		40,039			18,499		163,588
Operating income (loss)	2011	$	3,858	$	2,809	$	(896	)	$	80	$	5,851
	2010		4,876		1,455		(417	)		557		6,471

Information about our operations by segment for the 39-week periods ended October 2, 2011 and October 3, 2010 is as follows:

		Healthcare		Financial Services		Commercial Markets			Industrial			Total
Revenue from external customers	2011	$	177,440	$	129,512	$	119,739		$	60,026		$	486,717
	2010		184,648		131,785		125,947			53,313			495,693
Operating income (loss)	2011	$	12,365	$	5,859	$	(1,519	)	$	468		$	17,173
	2010		12,899		4,923		(2,950	)		(980	)		13,892

Reconciling information between reportable segments and our consolidated financial statements is as follows:

	13 Weeks Ended						39 Weeks Ended
	October 2,			October 3,			October 2,			October 3,
	2011			2010			2011			2010
Segment operating income	$	5,851		$	6,471		$	17,173		$	13,892
Restructuring and other exit costs		(112	)		(32	)		65			(1,490	)
Amortization of net pension actuarial losses		(6,070	)		(4,668	)		(18,212	)		(14,004	)
Pension settlement loss		-			-			(453	)		-
Other unallocated pension		403			363			1,199			1,091
Unallocated portion of postretirement credit		15,164			-			15,164			-
Environmental remediation		(69	)		803			(69	)		803
Other unallocated		(29	)		(353	)		(123	)		(365	)
LIFO adjustment		108			688			429			2,561
Total other expense		(570	)		(615	)		(1,216	)		(1,414	)
Income before income taxes	$	14,676		$	2,657		$	13,957		$	1,074