| Schedule of net sales and operating results by segment |
Key information by segment is as follows, for the years ended December 31, in thousands:
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Net Sales |
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Operating Profit (b) |
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2019 |
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2018 |
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2017 |
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2019 |
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2018 |
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|
2017 |
Our operations by segment were (a): |
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Installation (exclusive of significant legal settlement, shown separately below) |
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$ |
1,906,730 |
|
$ |
1,680,967 |
|
$ |
1,281,296 |
|
$ |
253,230 |
|
$ |
196,986 |
|
$ |
139,316 |
Significant legal settlement (Installation segment) (c) |
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— |
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— |
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— |
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— |
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— |
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(30,000) |
Distribution |
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862,143 |
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|
820,309 |
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|
719,759 |
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|
90,388 |
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|
78,739 |
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|
68,733 |
Intercompany eliminations and other adjustments |
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(144,752) |
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(117,027) |
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(94,789) |
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(23,921) |
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|
(20,899) |
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|
(16,463) |
Total |
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$ |
2,624,121 |
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$ |
2,384,249 |
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$ |
1,906,266 |
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|
319,697 |
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|
254,826 |
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|
161,586 |
General corporate expense, net (d) |
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(30,174) |
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(45,873) |
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|
(24,722) |
Operating profit, as reported |
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|
|
289,523 |
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|
208,953 |
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|
136,864 |
Other expense, net |
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(35,745) |
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(28,129) |
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|
(8,824) |
Income before income taxes |
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|
$ |
253,778 |
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$ |
180,824 |
|
$ |
128,040 |
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Property Additions |
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Depreciation and
Amortization |
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Total Assets |
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2019 |
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2018 |
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2017 |
|
2019 |
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2018 |
|
2017 |
|
2019 |
|
2018 |
Our operations by segment were (a): |
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Installation |
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$ |
34,101 |
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$ |
69,497 |
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$ |
21,956 |
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$ |
42,682 |
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$ |
31,661 |
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$ |
12,208 |
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$ |
1,669,396 |
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$ |
1,618,032 |
Distribution |
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|
8,404 |
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|
11,121 |
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|
5,845 |
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|
8,245 |
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|
6,616 |
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|
3,561 |
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|
715,526 |
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|
698,337 |
Corporate |
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|
2,993 |
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|
6,796 |
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|
1,620 |
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|
1,773 |
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|
1,142 |
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|
684 |
|
|
219,041 |
|
|
138,162 |
Total, as reported |
|
$ |
45,498 |
|
$ |
87,414 |
|
$ |
29,421 |
|
$ |
52,700 |
|
$ |
39,419 |
|
$ |
16,453 |
|
$ |
2,603,963 |
|
$ |
2,454,531 |
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(a) |
All of our operations are located in the U.S. |
(b) |
Segment operating profit includes an allocation of general corporate expenses attributable to the operating segments which is based on direct benefit or usage (such as salaries of corporate employees who directly support the segment). |
(c) |
Significant legal settlement expense of $30 million incurred for the year ended December 31, 2017, related to the settlement agreement with Owens Corning. For more information see Note 11 – Other Commitments and Contingencies. |
(d) |
General corporate expense, net includes expenses not specifically attributable to our segments for functions such as corporate human resources, finance, and legal, including salaries, benefits, and other related costs. |
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