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Segment Information
 9 Months Ended
Sep. 25, 2015
Segment Reporting [Abstract]  
Segment Information
Beginning with the first quarter of 2015 the Company revised the presentation of its financial reporting segments. Operations of the Process and the Oil and Natural Gas divisions, historically included in the Industrial segment, are now aggregated with the Lubrication division (formerly reported as a separate segment) in the newly-formed Process segment. This change aligns the types of products offered and markets served within the segments. Prior year segment information has been restated to conform to 2015 reporting.

A summary of the Company’s three reportable segments (Industrial, Process and Contractor) follows.

The Industrial segment includes our Industrial Products and Applied Fluid Technologies divisions. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids. Markets served include automotive and vehicle assembly and components production, wood and metal products, rail, marine, aerospace, farm, construction, bus, recreational vehicles, and various other industries.

The Process segment includes our Process, Oil and Natural Gas, and Lubrication divisions. The Process segment markets pumps, valves, meters and accessories to move and dispense chemicals, oil and natural gas, water, waste water, petroleum, food, lubricants and other fluids. Markets served include food and beverage, dairy, oil and natural gas, pharmaceutical, cosmetics, electronics, waste water, mining, fast oil change facilities, service garages, fleet service centers, automobile dealerships and industrial lubrication applications.

The Contractor segment remains unchanged. The Contractor segment markets sprayers for architectural coatings for painting, corrosion control, texture, and line striping.

Sales and operating earnings by segment were as follows (in thousands): 
 
Thirteen Weeks Ended
 
Thirty-nine Weeks Ended
 
Sep 25,
2015
 
Sep 26,
2014
 
Sep 25,
2015
 
Sep 26,
2014
Net Sales
 
 
 
 
 
 
 
Industrial
$
152,164

 
$
150,481

 
$
448,932

 
$
459,105

Process
64,710

 
52,719

 
204,337

 
160,579

Contractor
102,112

 
99,414

 
307,659

 
295,441

Total
$
318,986

 
$
302,614

 
$
960,928

 
$
915,125

Operating Earnings
 
 
 
 
 
 
 
Industrial
$
50,822

 
$
49,167

 
$
144,500

 
$
149,164

Process
10,437

 
12,161

 
34,923

 
38,376

Contractor
24,135

 
23,358

 
70,550

 
69,897

Unallocated corporate (expense)
(8,467
)
 
(5,779
)
 
(23,924
)
 
(17,977
)
Total
$
76,927

 
$
78,907

 
$
226,049

 
$
239,460



Assets by segment were as follows (in thousands): 
 
Sep 25,
2015
 
Dec 26,
2014
Industrial
$
557,592

 
$
548,868

Process
483,788

 
304,903

Contractor
210,707

 
176,757

Unallocated corporate
135,312

 
514,250

Total
$
1,387,399

 
$
1,544,778



Unallocated corporate assets decreased due to the sale of the Liquid Finishing assets in the second quarter of 2015 (see Note 12).

Geographic information follows (in thousands):
 
Thirteen Weeks Ended
 
Thirty-nine Weeks Ended
 
Sep 25,
2015
 
Sep 26,
2014
 
Sep 25,
2015
 
Sep 26,
2014
Net sales
(based on customer location)
 
 
 
 
 
 
 
United States
$
166,602

 
$
150,015

 
$
496,851

 
$
440,097

Other countries
152,384

 
152,599

 
464,077

 
475,028

Total
$
318,986

 
$
302,614

 
$
960,928

 
$
915,125

 
Sep 25,
2015
 
Dec 26,
2014
Long-lived assets
 
 
 
United States
$
142,478

 
$
131,131

Other countries
29,747

 
30,099

Total
$
172,225

 
$
161,230