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Segment Information | 3 Months Ended
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Mar. 26, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company has three reportable segments: Industrial, Process and Contractor. Sales and operating earnings by segment were as follows (in thousands):
|  |  | Three Months Ended
|  |  |  |  | March 26, 2021 |  | March 27, 2020
Net Sales |  |  |  |  |  |  |
Industrial |  |  |  |  | $ | 184,732 |  |  | $ | 158,684 |
Process |  |  |  |  | 91,373 |  |  | 86,078 |
Contractor |  |  |  |  | 178,024 |  |  | 128,805 |
Total |  |  |  |  | $ | 454,129 |  |  | $ | 373,567 |
Operating Earnings |  |  |  |  |  |  |
Industrial |  |  |  |  | $ | 65,243 |  |  | $ | 50,233 |
Process |  |  |  |  | 21,733 |  |  | 18,111 |
Contractor |  |  |  |  | 48,166 |  |  | 28,630 |
Unallocated corporate (expense) |  |  |  |  | (6,856) |  |  | (7,162) |
Total |  |  |  |  | $ | 128,286 |  |  | $ | 89,812 |
Assets by segment were as follows (in thousands):
| March 26, 2021 |  | December 25, 2020
Industrial | $ | 626,256 |  |  | $ | 632,165 |
Process | 411,804 |  |  | 404,370 |
Contractor | 459,715 |  |  | 438,067 |
Unallocated corporate | 589,945 |  |  | 513,526 |
Total | $ | 2,087,720 |  |  | $ | 1,988,128 |
Geographic information follows (in thousands):
|  |  | Three Months Ended
|  |  |  |  | March 26, 2021 |  | March 27, 2020
Net Sales (based on customer location) |  |  |  |  |  |  |
United States |  |  |  |  | $ | 231,501 |  |  | $ | 198,243 |
Other countries |  |  |  |  | 222,628 |  |  | 175,324 |
Total |  |  |  |  | $ | 454,129 |  |  | $ | 373,567 |
| March 26, 2021 |  | December 25, 2020
Long-lived Assets |  |  |
United States | $ | 312,836 |  |  | $ | 301,643 |
Other countries | 47,534 |  |  | 49,107 |
Total | $ | 360,370 |  |  | $ | 350,750 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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