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Segment Information (Tables) | 6 Months Ended
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Jul. 02, 2016
Segment Information [Abstract] |
Summary of segment information | Summarized segment information is as follows:
|  | For the Quarter Ended July 2, 2016 |
(In thousands) |  | Piping Systems |  |  | Industrial Metals |  |  | Climate |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  | $ | 388,662 |  |  | $ | 127,737 |  |  | $ | 31,359 |  |  | $ | (3,687 | ) |  | $ | 544,071 |
Cost of goods sold |  |  | 333,356 |  |  |  | 104,874 |  |  |  | 22,448 |  |  |  | (4,618 | ) |  |  | 456,060 |
Depreciation and amortization |  |  | 5,787 |  |  |  | 2,120 |  |  |  | 618 |  |  |  | 536 |  |  |  | 9,061 |
Selling, general, and administrative expense |  |  | 16,560 |  |  |  | 3,619 |  |  |  | 2,456 |  |  |  | 11,879 |  |  |  | 34,514 |
Operating income |  |  | 32,959 |  |  |  | 17,124 |  |  |  | 5,837 |  |  |  | (11,484 | ) |  |  | 44,436 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,692 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 515 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 43,259 |
|  | For the Quarter Ended June 27, 2015 |
(In thousands) |  | Piping Systems |  |  | Industrial Metals |  |  | Climate |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  | $ | 379,750 |  |  | $ | 145,228 |  |  | $ | 31,498 |  |  | $ | (883 | ) |  | $ | 555,593 |
Cost of goods sold |  |  | 326,338 |  |  |  | 120,808 |  |  |  | 24,134 |  |  |  | (915 | ) |  |  | 470,365 |
Depreciation and amortization |  |  | 5,335 |  |  |  | 1,643 |  |  |  | 614 |  |  |  | 596 |  |  |  | 8,188 |
Selling, general, and administrative expense |  |  | 16,776 |  |  |  | 2,302 |  |  |  | 2,500 |  |  |  | 11,842 |  |  |  | 33,420 |
Gain on sale of assets |  |  | (15,376 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (15,376 | )
Severance |  |  | 3,442 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,442 |
Operating income |  |  | 43,235 |  |  |  | 20,475 |  |  |  | 4,250 |  |  |  | (12,406 | ) |  |  | 55,554 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,219 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 265 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 53,600 |
Segment information (continued):
|  | For the Six Months Ended July 2, 2016 |
(In thousands) |  | Piping Systems |  |  | Industrial Metals |  |  | Climate |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  | $ | 757,552 |  |  | $ | 262,258 |  |  | $ | 62,065 |  |  | $ | (4,995 | ) |  | $ | 1,076,880 |
Cost of goods sold |  |  | 647,148 |  |  |  | 214,103 |  |  |  | 46,153 |  |  |  | (4,702 | ) |  |  | 902,702 |
Depreciation and amortization |  |  | 11,436 |  |  |  | 4,255 |  |  |  | 1,217 |  |  |  | 1,073 |  |  |  | 17,981 |
Selling, general, and administrative expense |  |  | 34,850 |  |  |  | 6,864 |  |  |  | 4,979 |  |  |  | 23,601 |  |  |  | 70,294 |
Operating income |  |  | 64,118 |  |  |  | 37,036 |  |  |  | 9,716 |  |  |  | (24,967 | ) |  |  | 85,903 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,540 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 760 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 83,123 |
|  | For the Six Months Ended June 27, 2015 |
(In thousands) |  | Piping Systems |  |  | Industrial Metals |  |  | Climate |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  | $ | 741,232 |  |  | $ | 296,264 |  |  | $ | 57,309 |  |  | $ | (1,970 | ) |  | $ | 1,092,835 |
Cost of goods sold |  |  | 639,028 |  |  |  | 248,532 |  |  |  | 45,401 |  |  |  | (1,762 | ) |  |  | 931,199 |
Depreciation and amortization |  |  | 10,522 |  |  |  | 3,298 |  |  |  | 1,039 |  |  |  | 1,182 |  |  |  | 16,041 |
Selling, general, and administrative expense |  |  | 34,122 |  |  |  | 5,000 |  |  |  | 4,354 |  |  |  | 22,775 |  |  |  | 66,251 |
Gain on sale of assets |  |  | (15,376 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (15,376 | )
Severance |  |  | 3,442 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,442 |
Operating income |  |  | 69,494 |  |  |  | 39,434 |  |  |  | 6,515 |  |  |  | (24,165 | ) |  |  | 91,278 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,295 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 370 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 87,353 |
Segment information by assets |
(In thousands) |  | July 2, 2016 |  |  | December 26, 2015 |
Segment assets: |  |  |  |  |  |
Piping Systems |  | $ | 863,138 |  |  | $ | 811,343 |
Industrial Metals |  |  | 160,655 |  |  |  | 153,102 |
Climate |  |  | 66,383 |  |  |  | 61,672 |
General Corporate |  |  | 330,299 |  |  |  | 312,684 |
|  | $ | 1,420,475 |  |  | $ | 1,338,801 |

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