TopBuild Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Information about us by segment is as follows, in thousands:


	Three Months Ended June 30,								Six Months Ended June 30,
	2015		2014		2015		2014		2015		2014		2015		2014

	Net Sales				Operating Profit				Net Sales				Operating Profit
Our operations by segment were:
Installation	$	265,300	$	242,390	$	7,070	$	7,020	$	498,660	$	454,400	$	6,040	$	100
Distribution		160,840		160,080		11,890		12,960		305,450		298,220		23,270		21,720
Intercompany eliminations and other adjustments (A)		(22,380)		(19,680)		(1,740)		(4,250)		(41,890)		(36,250)		(5,340)		(8,690)
Total	$	403,760	$	382,790	$	17,220	$	15,730	$	762,220	$	716,370	$	23,970	$	13,130
General corporate expense, net						(5,720)		(5,510)						(13,620)		(10,780)
Operating profit, as reported						11,500		10,220						10,350		2,350
Other expense, net						(3,170)		(3,100)						(6,320)		(6,190)
Income (loss) from continuing operations before income taxes					$	8,330	$	7,120					$	4,030	$	(3,840)

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.