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Segment Information (Tables)

9 Months Ended

Sep. 29, 2023

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 29, 2023						September 30, 2022						September 29, 2023						September 30, 2022
Net Sales
Contractor			$	245,269					$	264,086					$	746,888					$	764,417
Industrial			157,084						156,182						470,797						459,176
Process			137,319						125,376						411,277						364,883
Total			$	539,672					$	545,644					$	1,628,962					$	1,588,476
Operating Earnings
Contractor			$	73,512					$	65,123					$	216,152					$	192,314
Industrial			54,298						53,964						162,955						161,795
Process			43,001						30,638						127,186						89,183
Unallocated corporate (expense)			(8,422)						(6,576)						(30,184)						(23,100)
Contingent consideration			8,600						—						8,600						—
Impairment			(7,800)						—						(7,800)						—
Total			$	163,189					$	143,149					$	476,909					$	420,192

Assets by segment were as follows (in thousands): 

			September 29, 2023						December 30, 2022
Contractor			$	740,771					$	752,729
Industrial			610,367						578,302
Process			573,028						564,539
Unallocated corporate			750,751						543,330
Total			$	2,674,917					$	2,438,900

Segment Reporting - Geographic

Geographic information follows (in thousands):

			Three Months Ended												Nine Months Ended
			September 29, 2023						September 30, 2022						September 29, 2023						September 30, 2022
Net Sales (based on customer location)
United States			$	288,610					$	289,831					$	879,552					$	840,922
Other countries			251,062						255,813						749,410						747,554
Total			$	539,672					$	545,644					$	1,628,962					$	1,588,476

			September 29, 2023						December 30, 2022
Long-lived Assets
United States			$	604,727					$	532,401
Other countries			103,101						75,208
Total			$	707,828					$	607,609

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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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

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-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-Publisher FASB
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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

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