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Industry Segments (Tables) | 12 Months Ended
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Dec. 27, 2014
Industry Segments [Abstract] |
Net sales by major product line | Net Sales by Major Product Line:
(In thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Tube and fittings |  | $ | 1,143,164 |  |  | $ | 972,107 |  |  | $ | 986,825 |
Brass rod and forgings |  |  | 556,985 |  |  |  | 553,896 |  |  |  | 583,940 |
OEM components, tube & assemblies |  |  | 345,991 |  |  |  | 337,772 |  |  |  | 335,461 |
Valves and plumbing specialties |  |  | 262,504 |  |  |  | 239,822 |  |  |  | 231,278 |
Other |  |  | 55,583 |  |  |  | 54,944 |  |  |  | 52,434 |
|  | $ | 2,364,227 |  |  | $ | 2,158,541 |  |  | $ | 2,189,938 |
Geographic information | Geographic Information:
(In thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,752,548 |  |  | $ | 1,676,385 |  |  | $ | 1,696,589 |
United Kingdom |  |  | 326,832 |  |  |  | 229,659 |  |  |  | 234,684 |
Other |  |  | 284,847 |  |  |  | 252,497 |  |  |  | 258,665 |
|  | $ | 2,364,227 |  |  | $ | 2,158,541 |  |  | $ | 2,189,938 |
(In thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 322,178 |  |  | $ | 325,667 |  |  | $ | 306,023 |
United Kingdom |  |  | 43,064 |  |  |  | 22,159 |  |  |  | 23,496 |
Other |  |  | 21,641 |  |  |  | 25,224 |  |  |  | 27,442 |
|  | $ | 386,883 |  |  | $ | 373,050 |  |  | $ | 356,961 |
Summary of segment information | Segment Information:
|  | For the Year Ended December 27, 2014 |
(In thousands) |  | Plumbing & Refrigeration Segment |  |  | OEM Segment |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  | $ | 1,416,701 |  |  | $ | 959,914 |  |  | $ | (12,388 | ) |  | $ | 2,364,227 |
Cost of goods sold |  |  | 1,215,282 |  |  |  | 840,823 |  |  |  | (12,386 | ) |  |  | 2,043,719 |
Depreciation and amortization |  |  | 19,613 |  |  |  | 11,919 |  |  |  | 2,203 |  |  |  | 33,735 |
Selling, general, and administrative expense |  |  | 87,539 |  |  |  | 21,458 |  |  |  | 22,743 |  |  |  | 131,740 |
Gain on sale of assets |  |  | (6,259 | ) |  |  | — |  |  |  | — |  |  |  | (6,259 | )
Severance |  |  | 7,296 |  |  |  | — |  |  |  | — |  |  |  | 7,296 |
Operating income |  |  | 93,230 |  |  |  | 85,714 |  |  |  | (24,948 | ) |  |  | 153,996 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,740 | )
Other expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (243 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 148,013 |
|  | For the Year Ended December 28, 2013 |
(In thousands) |  | Plumbing & Refrigeration Segment |  |  | OEM Segment |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  | $ | 1,225,306 |  |  | $ | 947,784 |  |  | $ | (14,549 | ) |  | $ | 2,158,541 |
Cost of goods sold |  |  | 1,043,059 |  |  |  | 833,518 |  |  |  | (14,488 | ) |  |  | 1,862,089 |
Depreciation and amortization |  |  | 17,117 |  |  |  | 13,025 |  |  |  | 2,252 |  |  |  | 32,394 |
Selling, general, and administrative expense |  |  | 85,471 |  |  |  | 24,479 |  |  |  | 24,964 |  |  |  | 134,914 |
Insurance settlement |  |  | (103,895 | ) |  |  | — |  |  |  | (2,437 | ) |  |  | (106,332 | )
Gain on sale of plastic fittings manufacturing assets |  |  | (39,765 | ) |  |  | — |  |  |  | — |  |  |  | (39,765 | )
Impairment charges |  |  | 4,173 |  |  |  | 131 |  |  |  | — |  |  |  | 4,304 |
Operating income |  |  | 219,146 |  |  |  | 76,631 |  |  |  | (24,840 | ) |  |  | 270,937 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,990 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,451 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 271,398 |
|  | For the Year Ended December 29, 2012 |
(In thousands) |  | Plumbing & Refrigeration Segment |  |  | OEM Segment |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  | $ | 1,238,230 |  |  | $ | 974,606 |  |  | $ | (22,898 | ) |  | $ | 2,189,938 |
Cost of goods sold |  |  | 1,060,755 |  |  |  | 866,404 |  |  |  | (22,696 | ) |  |  | 1,904,463 |
Depreciation and amortization |  |  | 16,513 |  |  |  | 13,435 |  |  |  | 1,547 |  |  |  | 31,495 |
Selling, general, and administrative expense |  |  | 75,448 |  |  |  | 27,680 |  |  |  | 26,328 |  |  |  | 129,456 |
Litigation settlement |  |  | — |  |  |  | — |  |  |  | (4,050 | ) |  |  | (4,050 | )
Insurance settlement |  |  | (1,500 | ) |  |  | — |  |  |  | — |  |  |  | (1,500 | )
Severance |  |  | — |  |  |  | — |  |  |  | 3,369 |  |  |  | 3,369 |
Operating income |  |  | 87,014 |  |  |  | 67,087 |  |  |  | (27,396 | ) |  |  | 126,705 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,890 | )
Other expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 539 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 120,354 |
Segment information by assets |
(In thousands) |  | 2014 |  | 2013 |  | 2012
Expenditures for long-lived assets (including business acquisitions): |  |  |  |  |  |  |  |  |
Plumbing & Refrigeration |  | $ | 55,098 |  | $ | 47,222 |  | $ | 24,030
OEM |  |  | 10,788 |  |  | 14,845 |  |  | 24,137
General corporate |  |  | 400 |  |  | 3,253 |  |  | 17,290
|  | $ | 66,286 |  | $ | 65,320 |  | $ | 65,457
Segment assets: |  |  |  |  |  |  |  |  |
Plumbing & Refrigeration |  | $ | 664,784 |  | $ | 625,371 |  | $ | 531,429
OEM |  |  | 313,245 |  |  | 305,052 |  |  | 290,058
General corporate |  |  | 350,067 |  |  | 317,344 |  |  | 282,668
|  | $ | 1,328,096 |  | $ | 1,247,767 |  | $ | 1,104,155

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