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Segment Information

3 Months Ended

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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- References

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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

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