Circuit City 2009 Annual Report Download - page 60

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Table of Contents
Other Matters
Systemax is a party to various pending legal proceedings and disputes arising in the normal course of business, including those involving
commercial, employment, tax and intellectual property related claims, none of which, in management’s opinion, is anticipated to have a
material adverse effect on the consolidated financial statements.
11.
SEGMENT AND RELATED INFORMATION
The Company operates and is internally managed in three operating segments, Technology Products, Industrial Products and Software
Solutions. The Company’s chief operating decision-maker is the Company’s Chief Executive Officer. The Company evaluates segment
performance based on income from operations before net interest, foreign exchange gains and losses, restructuring and other charges and
income taxes. Corporate costs not identified with the disclosed segments and restructuring and other charges are grouped as “Corporate and
other expenses.” The chief operating decision-
maker reviews assets and makes significant capital expenditure decisions for the Company on
a consolidated basis only. The accounting policies of the segments are the same as those of the Company described in Note 1.
Financial information relating to the Company’s operations by reportable segment was as follows (in thousands):
56
Year Ended December 31,
2009
2008
2007
Net Sales:
Technology Products
$
2,967,896
$
2,795,441
$
2,553,716
Industrial Products
196,129
237,027
225,746
Software Solutions
1,970
493
413
Consolidated
$
3,165,995
$
3,032,961
$
2,779,875
Depreciation and Amortization Expense:
Technology Products
$
10,141
$
8,219
$
6,818
Industrial Products
1,476
986
1,023
Software Solutions
613
1,111
904
Corporate
123
71
35
Consolidated
$
12,353
$
10,387
$
8,780
Operating Income (Loss):
Technology Products
$
87,127
$
96,177
$
100,958
Industrial Products
15,415
24,621
20,595
Software Solutions
(6,457
)
(17,948
)
(15,813
)
Corporate and other expenses
(22,694
)
(19,483
)
(11,798
)
Consolidated
$
73,391
$
83,367
$
93,942
Total Assets
Technology Products
$
521,900
$
400,340
$
331,033
Industrial Products
103,370
98,670
76,634
Software Solutions
149
3,531
3,783
Corporate
191,482
199,912
266,194
Consolidated
$
816,901
$
702,453
$
677,644