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Segment Information (Tables) | 12 Months Ended
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Dec. 27, 2024
Segment Reporting, Measurement Disclosures [Abstract] |
Segment Reporting Information - Operations and Assets | Segment information follows (in thousands):
|  | 2024 |  | 2023 |  | 2022
Contractor |  |  |  |  |  |
Net Sales |  | $ | 988,865 |  |  | $ | 985,675 |  |  | $ | 999,060 |
Cost of products sold |  | 484,926 |  |  | 493,857 |  |  | 555,622 |
Gross Profit |  | 503,939 |  |  | 491,818 |  |  | 443,438 |
Operating Expenses |  | 233,795 |  |  | 206,424 |  |  | 193,605 |
Contractor Operating Earnings |  | $ | 270,144 |  |  | $ | 285,394 |  |  | $ | 249,833 |
Industrial |  |  |  |  |  |
Net Sales |  | $ | 619,653 |  |  | $ | 662,785 |  |  | $ | 649,347 |
Cost of products sold |  | 260,856 |  |  | 279,160 |  |  | 274,660 |
Gross Profit |  | 358,797 |  |  | 383,625 |  |  | 374,687 |
Operating Expenses |  | 157,309 |  |  | 149,571 |  |  | 143,389 |
Industrial Operating Earnings |  | $ | 201,488 |  |  | $ | 234,054 |  |  | $ | 231,298 |
Process |  |  |  |  |  |
Net Sales |  | $ | 504,798 |  |  | $ | 547,146 |  |  | $ | 495,114 |
Cost of products sold |  | 238,195 |  |  | 255,375 |  |  | 250,832 |
Gross Profit |  | 266,603 |  |  | 291,771 |  |  | 244,282 |
Operating Expenses |  | 124,871 |  |  | 126,498 |  |  | 121,938 |
Process Operating Earnings |  | $ | 141,732 |  |  | $ | 165,273 |  |  | $ | 122,344 |
Reportable Segment Operating Earnings Total |  | $ | 613,364 |  |  | $ | 684,721 |  |  | $ | 603,475 |
Unallocated corporate expense |  | 43,266 |  |  | 38,678 |  |  | 30,775 |
Contingent consideration |  | — |  |  | (8,600) |  |  | — |
Impairment |  | — |  |  | 7,800 |  |  | — |
Operating Earnings |  | 570,098 |  |  | 646,843 |  |  | 572,700 |
Interest expense |  | 2,828 |  |  | 5,191 |  |  | 9,897 |
Other (income) expense, net |  | (22,013) |  |  | 32,850 |  |  | (2,921) |
Earnings Before Income Taxes |  | $ | 589,283 |  |  | $ | 608,802 |  |  | $ | 565,724 |
Segment Reporting Information - Geographic | Geographic information follows (in thousands):
| 2024 |  | 2023 |  | 2022
Net Sales (based on customer location) |  |  |  |  |
United States | $ | 1,149,044 |  |  | $ | 1,161,607 |  |  | $ | 1,116,012 |
Other countries | 964,272 |  |  | 1,033,999 |  |  | 1,027,509 |
Total | $ | 2,113,316 |  |  | $ | 2,195,606 |  |  | $ | 2,143,521 |
Long-lived Assets |  |  |  |  |
United States | $ | 635,698 |  |  | $ | 622,430 |  |  |
Other countries | 135,958 |  |  | 119,283 |  |  |
Total | $ | 771,656 |  |  | $ | 741,713 |  |  |

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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 -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 + 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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