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Industry Segments (Tables) | 9 Months Ended
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Sep. 26, 2015
Industry Segments [Abstract] |
Summary of segment information | Summarized segment information is as follows:
|  |  | For the Quarter Ended September 26, 2015 |
(In thousands) |  |  | Plumbing & Refrigeration Segment |  |  | OEM Segment |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  |  | $ | 325,022 |  |  | $ | 212,596 |  |  | $ | (2,434 | ) |  | $ | 535,184 |
Cost of goods sold |  |  |  | 280,891 |  |  |  | 188,665 |  |  |  | (2,389 | ) |  |  | 467,167 |
Depreciation and amortization |  |  |  | 4,468 |  |  |  | 3,839 |  |  |  | 442 |  |  |  | 8,749 |
Selling, general, and administrative expense |  |  |  | 20,104 |  |  |  | 6,814 |  |  |  | 5,323 |  |  |  | 32,241 |
Operating income |  |  | $ | 19,559 |  |  | $ | 13,278 |  |  | $ | (5,810 | ) |  |  | 27,027 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,682 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 164 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 25,509 |
| For the Quarter Ended September 27, 2014 |
(In thousands) | Plumbing & Refrigeration Segment |  | OEM Segment |  | Corporate and Eliminations |  | Total |
Net sales |  |  | $ | 357,843 |  |  | $ | 247,883 |  |  | $ | (2,906 | ) |  | $ | 602,820 |
Cost of goods sold |  |  |  | 308,927 |  |  |  | 215,225 |  |  |  | (2,874 | ) |  |  | 521,278 |
Depreciation and amortization |  |  |  | 5,287 |  |  |  | 3,148 |  |  |  | 517 |  |  |  | 8,952 |
Selling, general, and administrative expense |  |  |  | 22,613 |  |  |  | 5,533 |  |  |  | 5,858 |  |  |  | 34,004 |
Severance |  |  |  | 860 |  |  |  | — |  |  |  | — |  |  |  | 860 |
Operating income |  |  | $ | 20,156 |  |  | $ | 23,977 |  |  | $ | (6,407 | ) |  |  | 37,726 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,430 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 225 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 36,521 |
| For the Nine Months Ended September 26, 2015 |
(In thousands) | Plumbing & Refrigeration Segment |  | OEM Segment |  | Corporate and Eliminations |  | Total |
Net sales |  |  | $ | 957,375 |  |  | $ | 678,293 |  |  | $ | (7,649 | ) |  | $ | 1,628,019 |
Cost of goods sold |  |  |  | 819,591 |  |  |  | 586,305 |  |  |  | (7,530 | ) |  |  | 1,398,366 |
Depreciation and amortization |  |  |  | 13,568 |  |  |  | 9,827 |  |  |  | 1,395 |  |  |  | 24,790 |
Selling, general, and administrative expense |  |  |  | 61,117 |  |  |  | 19,534 |  |  |  | 17,841 |  |  |  | 98,492 |
Gain on sale of assets |  |  |  | (15,376 | ) |  |  | — |  |  |  | — |  |  |  | (15,376 | )
Severance |  |  |  | 3,442 |  |  |  | — |  |  |  | — |  |  |  | 3,442 |
Operating income |  |  | $ | 75,033 |  |  | $ | 62,627 |  |  | $ | (19,355 | ) |  |  | 118,305 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,977 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 534 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 112,862 |
|  |  | For the Nine Months Ended September 27, 2014 |
(In thousands) |  |  | Plumbing & Refrigeration Segment |  |  | OEM Segment |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  |  | $ | 1,093,060 |  |  | $ | 743,322 |  |  | $ | (9,497 | ) |  | $ | 1,826,885 |
Cost of goods sold |  |  |  | 934,208 |  |  |  | 650,020 |  |  |  | (9,398 | ) |  |  | 1,574,830 |
Depreciation and amortization |  |  |  | 14,803 |  |  |  | 9,123 |  |  |  | 1,725 |  |  |  | 25,651 |
Selling, general, and administrative expense |  |  |  | 66,023 |  |  |  | 15,700 |  |  |  | 18,789 |  |  |  | 100,512 |
Gain on sale of assets |  |  |  | (1,417 | ) |  |  | — |  |  |  | — |  |  |  | (1,417 | )
Severance |  |  |  | 3,072 |  |  |  | — |  |  |  | — |  |  |  | 3,072 |
Operating income |  |  | $ | 76,371 |  |  | $ | 68,479 |  |  | $ | (20,613 | ) |  |  | 124,237 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,913 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 440 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 120,764 |

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