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Segment Information (Tables)

3 Months Ended

Apr. 01, 2022

Segment Reporting [Abstract]

Segment Reporting - Operations and Assets

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

Segment Reporting - Geographic

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

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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-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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Topic 280
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