True Value 2009 Annual Report Download - page 44

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Notes To Consolidated Financial Statements
($ in thousands)
2009 Financial Report 29
($ in thousands) As of and for the year ended January 2, 2010
Paint
Manufacturing Consolidated
Hardware and Distribution Totals
Net sales to external customers $ 1,747,703 $ 75,622 $ 1,823,325
Interest expense 6,895 768 7,663
Depreciation and amortization 13,299 1,783 15,082
Segment net margin 60,035 5,411 65,446
Identifiable segment assets 626,819 40,026 666,845
Expenditures for long-lived assets 5,608 625 6,233
($ in thousands) As of and for the year ended January 3, 2009
Paint
Manufacturing Consolidated
Hardware and Distribution Totals
Net sales to external customers $ 1,932,182 $ 80,476 $ 2,012,658
Interest expense 9,114 1,015 10,129
Depreciation and amortization 12,705 1,775 14,480
Segment net margin 62,126 2,102 64,228
Identifiable segment assets 645,247 43,963 689,210
Expenditures for long-lived assets 11,874 1,141 13,015
($ in thousands) As of and for the year ended December 29, 2007
Paint
Manufacturing Consolidated
Hardware and Distribution Totals
Net sales to external customers $ 1,955,259 $ 85,343 $ 2,040,602
Interest expense 10,696 1,771 12,467
Depreciation and amortization 13,171 1,845 15,016
Segment net margin 57,704 6,063 63,767
Identifiable segment assets 675,301 44,859 720,160
Expenditures for long-lived assets 16,434 649 17,083
True Value does not have a significant concentration of mem-
bers in any geographic region of the United States or in any
foreign countries.
Certain administrative, warehousing and interest expenses were
allocated to the Paint Manufacturing and Distribution segment
based on the segment’s merchandising sales to total True Value
merchandising sales ratio, True Value’s distribution warehousing
costs to gross sales ratio, and ratios relating to certain assets and
liabilities, respectively.
Information regarding the identified segments and the related
reconciliation to consolidated information are as follows: