True Value 2010 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 of the 2010 True Value annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 53

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
($ in thousands)
Financial Report 2010 31
($ in thousands) As of and for the year ended January 1, 2011
Paint
Manufacturing Consolidated
Hardware and Distribution Totals
Net sales to external customers $ 1,733,175 $ 70,843 $ 1,804,018
Interest expense 6,680 880 7,560
Depreciation and amortization 12,213 1,722 13,935
Segment net margin 57,459 3,257 60,716
Identifiable segment assets 650,597 42,748 693,345
Expenditures for long-lived assets 13,724 878 14,602
$ 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 12,542 1,783 14,325
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
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.
13. suBsequent events
True Value has determined as of March 14, 2011, the date the
financial statements were available to be issued, that no other
material subsequent events have occurred that require adjust-
ments or disclosures.
Information regarding the identified segments and the related
reconciliation to consolidated information are as follows: