Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.20.2
Segment Reporting
 9 Months Ended
Sep. 26, 2020
Segment Reporting [Abstract]  
Segment Reporting
The Company’s segment reporting structure uses the Company’s management reporting structure as the foundation for how the Company manages its business. The Company periodically evaluates its segment reporting structure in accordance with ASC 350-20-55 and has concluded that it has three reportable segments as of September 26, 2020: Fastening, Hardware, and Personal Protective Solutions, Consumer Connected Solutions, and Canada. The Company evaluates the performance of its segments based on revenue and income (loss) from operations, and does not include segment assets nor non-operating income/expense items for management reporting purposes.

The table below presents revenues and income (loss) from operations for our reportable segments for the thirteen and thirty-nine weeks ended September 26, 2020 and thirteen and thirty-nine weeks ended September 28, 2019.

 
Thirteen Weeks Ended
September 26, 2020		 Thirteen Weeks Ended
September 28, 2019		 Thirty-nine Weeks Ended
September 26, 2020		 Thirty-nine Weeks Ended
September 28, 2019
Revenues
Fastening, Hardware, and Personal Protective Solutions $ 300,307  $ 222,947  $ 782,983  $ 650,954 
Consumer Connected Solutions 59,186  61,797  157,691  179,375 
Canada 39,187  32,533  100,552  99,235 
Total revenues $ 398,680  $ 317,277  $ 1,041,226  $ 929,564 
Segment income (loss) from operations
Fastening, Hardware, and Personal Protective Solutions $ 30,107  $ 8,000  $ 63,383  $ 16,361 
Consumer Connected Solutions 3,046  4,243  4,432  3,859 
Canada 1,949  (2,290) (2,539) (1,456)
Total income from operations $ 35,102  $ 9,953  $ 65,276  $ 18,764