This excerpt taken from the LII 10-K filed Feb 27, 2007.
Year Ended December 31, 2006 Compared to Year Ended December 31, 2005 Results by Segment
The key performance indicators of our segments are net sales and operational profit. We define segment profit (loss) as a segments income (loss) from continuing operations before income taxes included in the accompanying Consolidated Statements of Operations; excluding (gains), losses and other expenses, net; restructuring charge;
goodwill impairment; interest expense, net; and other (income) expense, net; less (plus) realized gains (losses) on settled futures contracts.