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v3.23.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Segment Reporting - Operations and Assets | Sales and operating earnings by segment were as follows (in thousands):
|  |  | Three Months Ended
|  |  |  |  | March 31, 2023 |  | April 1, 2022
Net Sales |  |  |  |  |  |  |
Contractor |  |  |  |  | $ | 245,971 |  |  | $ | 234,592 |
Industrial |  |  |  |  | 150,190 |  |  | 144,669 |
Process |  |  |  |  | 133,485 |  |  | 115,024 |
Total |  |  |  |  | $ | 529,646 |  |  | $ | 494,285 |
Operating Earnings |  |  |  |  |  |  |
Contractor |  |  |  |  | $ | 73,772 |  |  | $ | 58,947 |
Industrial |  |  |  |  | 52,770 |  |  | 52,630 |
Process |  |  |  |  | 40,565 |  |  | 27,488 |
Unallocated corporate (expense) |  |  |  |  | (10,439) |  |  | (10,702) |
Total |  |  |  |  | $ | 156,668 |  |  | $ | 128,363 |
Assets by segment were as follows (in thousands):
| March 31, 2023 |  | December 30, 2022
Contractor | $ | 779,617 |  |  | $ | 752,729 |
Industrial | 603,494 |  |  | 578,302 |
Process | 575,792 |  |  | 564,539 |
Unallocated corporate | 587,360 |  |  | 543,330 |
Total | $ | 2,546,263 |  |  | $ | 2,438,900 |
Segment Reporting - Geographic | Geographic information follows (in thousands):
|  |  | Three Months Ended
|  |  |  |  | March 31, 2023 |  | April 1, 2022
Net Sales (based on customer location) |  |  |  |  |  |  |
United States |  |  |  |  | $ | 288,989 |  |  | $ | 255,082 |
Other countries |  |  |  |  | 240,657 |  |  | 239,203 |
Total |  |  |  |  | $ | 529,646 |  |  | $ | 494,285 |
| March 31, 2023 |  | December 30, 2022
Long-lived Assets |  |  |
United States | $ | 550,124 |  |  | $ | 532,401 |
Other countries | 83,358 |  |  | 75,208 |
Total | $ | 633,482 |  |  | $ | 607,609 |

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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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