| Segment Information |
G. SEGMENT INFORMATION
Information about us by segment is as follows, in thousands:
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Three Months Ended June 30,
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Six Months Ended June 30,
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2015
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2014
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2015
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2014
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2015
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2014
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2015
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2014
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Net Sales
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Operating Profit
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Net Sales
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Operating Profit
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Our operations by segment were:
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Installation
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$
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265,300
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$
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242,390
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$
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7,070
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$
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7,020
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$
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498,660
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$
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454,400
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$
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6,040
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$
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100
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Distribution
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160,840
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160,080
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11,890
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12,960
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305,450
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298,220
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23,270
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21,720
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Intercompany eliminations and other adjustments (A)
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(22,380)
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(19,680)
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(1,740)
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(4,250)
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(41,890)
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(36,250)
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(5,340)
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(8,690)
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Total
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$
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403,760
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$
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382,790
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$
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17,220
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$
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15,730
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$
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762,220
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$
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716,370
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$
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23,970
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$
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13,130
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General corporate expense, net
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(5,720)
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(5,510)
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(13,620)
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(10,780)
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Operating profit, as reported
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11,500
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10,220
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10,350
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2,350
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Other expense, net
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(3,170)
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(3,100)
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(6,320)
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(6,190)
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Income (loss) from continuing operations before income taxes
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$
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8,330
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$
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7,120
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$
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4,030
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$
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(3,840)
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(A)
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Intercompany eliminations include the elimination of intercompany profit of $4.0 million and $3.8 million for the three months ended June 30, 2015 and 2014, respectively. Intercompany eliminations were $7.4 million and $6.3 million for the six month period ended June 30, 2015 and 2014, respectively. Other adjustments primarily include the difference between the estimated corporate costs from which each segment receives a direct benefit and the actual costs incurred for the period, as well as adjustments for insurance reserves previously managed by Masco. During the three month period ended June 30, 2015 and 2014, other adjustments were $(2.3) million and $0.5 million, respectively. During the six month period ended June 30, 2015 and 2014, other adjustments were $(2.1) million and $2.4 million, respectively.
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