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Segment Information | 3 Months Ended
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Apr. 01, 2022
Segment Reporting [Abstract] |
Segment Information | Segment Information Effective January 1, 2022, our high performance coatings and foam product offerings previously included within the Applied Fluid Technologies division of the Industrial segment were realigned and are now managed under the Contractor 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 the current organizational structure. The Company has three reportable segments: Industrial, Process and Contractor. Sales and operating earnings by segment were as follows (in thousands):
|  |  | Three Months Ended
|  |  |  |  | April 1, 2022 |  | March 26, 2021
Net Sales |  |  |  |  |  |  |
Industrial |  |  |  |  | $ | 144,669 |  |  | $ | 129,864 |
Process |  |  |  |  | 115,024 |  |  | 91,373 |
Contractor |  |  |  |  | 234,592 |  |  | 232,892 |
Total |  |  |  |  | $ | 494,285 |  |  | $ | 454,129 |
Operating Earnings |  |  |  |  |  |  |
Industrial |  |  |  |  | $ | 52,630 |  |  | $ | 42,358 |
Process |  |  |  |  | 27,488 |  |  | 21,733 |
Contractor |  |  |  |  | 58,947 |  |  | 71,051 |
Unallocated corporate (expense) |  |  |  |  | (10,702) |  |  | (6,856) |
Total |  |  |  |  | $ | 128,363 |  |  | $ | 128,286 |
Assets by segment were as follows (in thousands):
| April 1, 2022 |  | December 31, 2021
Industrial | $ | 601,377 |  |  | $ | 601,843 |
Process | 497,363 |  |  | 436,203 |
Contractor | 614,150 |  |  | 599,726 |
Unallocated corporate | 606,555 |  |  | 805,426 |
Total | $ | 2,319,445 |  |  | $ | 2,443,198 |
Geographic information follows (in thousands):
|  |  | Three Months Ended
|  |  |  |  | April 1, 2022 |  | March 26, 2021
Net Sales (based on customer location) |  |  |  |  |  |  |
United States |  |  |  |  | $ | 255,082 |  |  | $ | 231,501 |
Other countries |  |  |  |  | 239,203 |  |  | 222,628 |
Total |  |  |  |  | $ | 494,285 |  |  | $ | 454,129 |
| April 1, 2022 |  | December 31, 2021
Long-lived Assets |  |  |
United States | $ | 425,657 |  |  | $ | 388,835 |
Other countries | 62,148 |  |  | 62,226 |
Total | $ | 487,805 |  |  | $ | 451,061 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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