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Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment Reporting - Operations and Assets

Sales and operating earnings by segment were as follows (in thousands): 

			Three Months Ended												Nine Months Ended
			September 30, 2022						September 24, 2021						September 30, 2022						September 24, 2021
Net Sales
Industrial			$	156,182					$	154,560					$	459,176					$	428,872
Process			125,376						96,185						364,883						284,790
Contractor			264,086						235,951						764,417						734,327
Total			$	545,644					$	486,696					$	1,588,476					$	1,447,989
Operating Earnings
Industrial			$	53,964					$	50,812					$	161,795					$	138,879
Process			30,638						21,514						89,183						64,923
Contractor			65,123						58,659						192,314						203,366
Unallocated corporate (expense)			(6,576)						(6,386)						(23,100)						(20,440)
Total			$	143,149					$	124,599					$	420,192					$	386,728

Assets by segment were as follows (in thousands): 

			September 30, 2022						December 31, 2021
Industrial			$	606,224					$	601,843
Process			543,701						436,203
Contractor			698,698						599,726
Unallocated corporate			589,577						805,426
Total			$	2,438,200					$	2,443,198

Segment Reporting - Geographic

Geographic information follows (in thousands):

			Three Months Ended												Nine Months Ended
			September 30, 2022						September 24, 2021						September 30, 2022						September 24, 2021
Net Sales (based on customer location)
United States			$	289,831					$	244,086					$	840,922					$	739,309
Other countries			255,813						242,610						747,554						708,680
Total			$	545,644					$	486,696					$	1,588,476					$	1,447,989

			September 30, 2022						December 31, 2021
Long-lived Assets
United States			$	498,780					$	388,835
Other countries			64,027						62,226
Total			$	562,807					$	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
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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
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