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Segment Information (Tables) | 9 Months Ended
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Oct. 01, 2016
Segment Information [Abstract] |
Summary of segment information | Summarized segment information is as follows:
|  | For the Quarter Ended October 1, 2016 |
(In thousands) |  | Piping Systems |  |  | Industrial Metals |  |  | Climate |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  | $ | 351,557 |  |  | $ | 131,350 |  |  | $ | 30,003 |  |  | $ | (6,326 | ) |  | $ | 506,584 |
Cost of goods sold |  |  | 301,867 |  |  |  | 107,512 |  |  |  | 22,210 |  |  |  | (6,921 | ) |  |  | 424,668 |
Depreciation and amortization |  |  | 5,905 |  |  |  | 1,964 |  |  |  | 612 |  |  |  | 535 |  |  |  | 9,016 |
Selling, general, and administrative expense |  |  | 16,647 |  |  |  | 3,125 |  |  |  | 2,357 |  |  |  | 10,284 |  |  |  | 32,413 |
Asset impairments |  |  | 3,000 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,000 |
Operating income |  |  | 24,138 |  |  |  | 18,749 |  |  |  | 4,824 |  |  |  | (10,224 | ) |  |  | 37,487 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,830 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 120 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 35,777 |
|  | For the Quarter Ended September 26, 2015 |
(In thousands) |  | Piping Systems |  |  | Industrial Metals |  |  | Climate |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  | $ | 367,892 |  |  | $ | 139,472 |  |  | $ | 28,494 |  |  | $ | (674 | ) |  | $ | 535,184 |
Cost of goods sold |  |  | 320,571 |  |  |  | 125,146 |  |  |  | 22,160 |  |  |  | (710 | ) |  |  | 467,167 |
Depreciation and amortization |  |  | 5,430 |  |  |  | 2,154 |  |  |  | 608 |  |  |  | 557 |  |  |  | 8,749 |
Selling, general, and administrative expense |  |  | 16,469 |  |  |  | 3,044 |  |  |  | 2,283 |  |  |  | 10,445 |  |  |  | 32,241 |
Operating income |  |  | 25,422 |  |  |  | 9,128 |  |  |  | 3,443 |  |  |  | (10,966 | ) |  |  | 27,027 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,682 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 164 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 25,509 |
|  | For the Nine Months Ended October 1, 2016 |
(In thousands) |  | Piping Systems |  |  | Industrial Metals |  |  | Climate |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  | $ | 1,109,109 |  |  | $ | 393,608 |  |  | $ | 92,068 |  |  | $ | (11,321 | ) |  | $ | 1,583,464 |
Cost of goods sold |  |  | 949,015 |  |  |  | 321,615 |  |  |  | 68,363 |  |  |  | (11,623 | ) |  |  | 1,327,370 |
Depreciation and amortization |  |  | 17,341 |  |  |  | 6,219 |  |  |  | 1,829 |  |  |  | 1,608 |  |  |  | 26,997 |
Selling, general, and administrative expense |  |  | 51,497 |  |  |  | 9,989 |  |  |  | 7,336 |  |  |  | 33,885 |  |  |  | 102,707 |
Asset impairments |  |  | 3,000 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,000 |
Operating income |  |  | 88,256 |  |  |  | 55,785 |  |  |  | 14,540 |  |  |  | (35,191 | ) |  |  | 123,390 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,370 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 880 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 118,900 |
|  | For the Nine Months Ended September 26, 2015 |
(In thousands) |  | Piping Systems |  |  | Industrial Metals |  |  | Climate |  |  | Corporate and Eliminations |  |  | Total |
Net sales |  | $ | 1,109,124 |  |  | $ | 435,736 |  |  | $ | 85,803 |  |  | $ | (2,644 | ) |  | $ | 1,628,019 |
Cost of goods sold |  |  | 959,599 |  |  |  | 373,678 |  |  |  | 67,561 |  |  |  | (2,472 | ) |  |  | 1,398,366 |
Depreciation and amortization |  |  | 15,952 |  |  |  | 5,452 |  |  |  | 1,647 |  |  |  | 1,739 |  |  |  | 24,790 |
Selling, general, and administrative expense |  |  | 50,021 |  |  |  | 8,044 |  |  |  | 6,637 |  |  |  | 33,220 |  |  |  | 97,922 |
Asset impairments |  |  | 570 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 570 |
Gain on sale of assets |  |  | (15,376 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (15,376 | )
Severance |  |  | 3,442 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,442 |
Operating income |  |  | 94,916 |  |  |  | 48,562 |  |  |  | 9,958 |  |  |  | (35,131 | ) |  |  | 118,305 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,977 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 534 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 112,862 |
Segment information by assets |
(In thousands) |  | October 1, 2016 |  |  | December 26, 2015 |
Segment assets: |  |  |  |  |  |
Piping Systems |  | $ | 855,036 |  |  | $ | 811,343 |
Industrial Metals |  |  | 160,413 |  |  |  | 153,102 |
Climate |  |  | 61,713 |  |  |  | 61,672 |
General Corporate |  |  | 348,959 |  |  |  | 312,684 |
|  | $ | 1,426,121 |  |  | $ | 1,338,801 |

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