v3.3.1.900
Segment Reporting and Geographic Information
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Segment Reporting and Geographic Information
Segment Reporting and Geographic Information:
The Company's segment reporting structure uses the Company's management reporting structure as the foundation for how the Company manages our business. The Company periodically evaluates our segment reporting structure in accordance with ASC 350-20-55 and has concluded that it has five reportable segments as of December 31, 2015. During 2013, the operations of Paulin were combined into the operations of the Canada segment. The United States segment, excluding All Points and the Canada segment are considered material by Company's management as of December 31, 2015. The segments are as follows:
•
United States – excluding the All Points division
•
All Points
•
Canada
•
Mexico
•
Australia
The United States segment distributes fasteners and related hardware items, threaded rod, keys, key duplicating systems, accessories, and identification items, such as tags and letters, numbers, and signs to hardware stores, home centers, mass merchants, and other retail outlets primarily in the United States. This segment also provides innovative pet identification tag programs to a leading pet products retail chain using a unique, patent-protected/patent-pending technology and product portfolio.
The All Points segment is a Florida-based distributor of commercial and residential fasteners catering to the hurricane protection industry in the southern United States. All Points has positioned itself as a major supplier to manufacturers of railings, screen enclosures, windows, and hurricane shutters.
The Canada segment distributes fasteners and related hardware items, threaded rod, keys, key duplicating systems, accessories, and identification items, such as tags and letters, numbers, and signs to hardware stores, home centers, mass merchants, industrial distributors, automotive aftermarket distributors, and other retail outlets and industrial Original Equipment Manufacturers (“OEMs”) in Canada. The Canada segment also produces fasteners, stampings, fittings, and processes threaded parts for automotive suppliers and industrial OEMs.
The Mexico segment distributes fasteners and related hardware items to hardware stores, home centers, mass merchants, and other retail outlets in Mexico.
The Australia segment distributes keys, key duplicating systems, and accessories to home centers and other retail outlets in Australia.
The Company uses profit or loss from operations to evaluate the performance of our segments. Profit or loss from operations is defined as income from operations before interest and tax expenses. Hillman accounts for intersegment sales and transfers as if the sales or transfers were to third parties, at current market prices. Segment revenue excludes sales between segments, which is consistent with the segment revenue information provided to the Company's chief operating decision maker. Segment income (loss) from operations for Mexico and Australia include insignificant costs allocated from the United States, excluding All Points segment, while the remaining operating segments do not include any allocations.
The transaction expenses incurred in connection with the Merger Transaction were recorded in the United States segment. For further information, see Note 22, Transaction, Acquisition, and Integration Expenses.
21.    Segment Reporting and Geographic Information: (continued)
The table below presents revenues and income (loss) from operations for the reportable segments for the years ended December 31, 2015, 2014, and 2013.
 
 
Successor
 
 
Predecessor
 
 
Year
Ended
December 31,
2015
 
Period from
June 30, 2014
through
December 31, 2014
 
 
Six months
Ended
June 29,
2014
 
Year
Ended
December 31,
2013
Revenues
 
 
 
 
 
 
 
 
 
United States, excluding All Points
 
$
626,283

 
$
293,219

 
 
$
269,009

 
$
541,037

All Points
 
19,375

 
9,362

 
 
10,238

 
20,798

Canada
 
133,152

 
70,566

 
 
73,867

 
132,158

Mexico
 
6,831

 
3,507

 
 
3,620

 
6,842

Australia
 
1,270

 
638

 
 
643

 
806

Total revenues
 
$
786,911

 
$
377,292

 
 
$
357,377

 
$
701,641

Segment Income (Loss) from Operations
 
 
 
 
 
 
 
 
 
United States, excluding All Points
 
$
32,031

 
$
5,072

 
 
$
(44,830
)
 
$
52,255

All Points
 
1,407

 
655

 
 
896

 
1,737

Canada
 
(5,436
)
 
3,189

 
 
4,214

 
2,847

Mexico
 
403

 
73

 
 
446

 
629

Australia
 
(1,007
)
 
(748
)
 
 
(114
)
 
(1,027
)
Total segment income (loss) from operations
 
$
27,398

 
$
8,241

 
 
$
(39,388
)
 
$
56,441


21.    Segment Reporting and Geographic Information: (continued)
Assets by segment as of December 31, 2015 and 2014 were as follows:
 
 
As of
December 31,
2015
 
As of
December 31,
2014
Assets:
 
 
 
 
United States, excluding All Points
 
$
1,528,487

 
$
1,522,371

All Points
 
14,836

 
16,108

Canada
 
303,795

 
346,691

Mexico
 
15,575

 
15,886

Australia
 
1,754

 
1,957

Total Assets
 
$
1,864,447

 
$
1,903,013

 
 
 
 
 
 
 
As of
December 31,
2015
 
As of
December 31,
2014
Cash & cash equivalents:
 
 
 
 
United States, excluding All Points
 
$
3,024

 
$
13,192

All Points
 
612

 
696

Canada
 
5,106

 
3,186

Mexico
 
2,536

 
1,396

Australia
 
107

 
15

Consolidated cash & cash equivalents
 
$
11,385

 
$
18,485


Following is revenue based on products for the Company's significant product categories:
 
Successor
 
 
Predecessor
 
Year
ended
December 31,
2015
 
Period from 
June 30, 2014 through December 31,
2014
 
 
Six months
ended
June 29,
2014
 
Year
ended
December 31,
2013
Net sales
 
 
 
 
 
 
 
 
Keys
$
93,840

 
$
48,327

 
 
$
45,511

 
$
90,518

Engraving
51,175

 
25,465

 
 
24,065

 
48,442

Letters, numbers and signs
37,645

 
19,439

 
 
16,145

 
34,045

Fasteners
518,162

 
241,636

 
 
232,221

 
450,234

Threaded rod
32,836

 
16,269

 
 
16,535

 
31,802

Code cutter
2,452

 
1,425

 
 
1,392

 
2,680

Builders hardware
24,568

 
10,482

 
 
10,106

 
17,320

Other
26,233

 
14,249

 
 
11,402

 
26,600

Consolidated net sales
$
786,911

 
$
377,292

 
 
$
357,377

 
$
701,641