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Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 30, 2017
Segment Reporting [Abstract] |
Net sales by major product line | Net Sales by Major Product Line:
(In thousands) |  | 2017 |  | 2016 |  | 2015
Tube and fittings |  | $ | 1,260,105 |  |  | $ | 1,072,242 |  |  | $ | 1,053,761 |
Brass rod and forgings |  | 450,063 |  |  | 371,237 |  |  | 436,456 |
OEM components, tube & assemblies |  | 272,567 |  |  | 327,327 |  |  | 342,651 |
Valves and plumbing specialties |  | 200,409 |  |  | 209,217 |  |  | 198,012 |
Other |  | 82,929 |  |  | 75,599 |  |  | 69,122 |
|  | $ | 2,266,073 |  |  | $ | 2,055,622 |  |  | $ | 2,100,002 |
Geographic information | Geographic Information:
(In thousands) |  | 2017 |  | 2016 |  | 2015
Net sales: |  |  |  |  |  |
United States |  | $ | 1,556,825 |  |  | $ | 1,400,893 |  |  | $ | 1,519,456 |
United Kingdom |  | 231,039 |  |  | 197,039 |  |  | 240,823 |
Canada |  | 280,140 |  |  | 237,162 |  |  | 97,967 |
Asia |  | 121,295 |  |  | 149,875 |  |  | 162,664 |
Mexico |  | 76,774 |  |  | 70,653 |  |  | 79,092 |
|  | $ | 2,266,073 |  |  | $ | 2,055,622 |  |  | $ | 2,100,002 |
(In thousands) |  | 2017 |  | 2016 |  | 2015
Long-lived assets: |  |  |  |  |  |
United States |  | $ | 238,752 |  |  | $ | 223,099 |  |  | $ | 223,398 |
United Kingdom |  | 17,661 |  |  | 15,978 |  |  | 19,982 |
Canada |  | 21,327 |  |  | 18,928 |  |  | 20,460 |
Asia |  | 25,973 |  |  | 36,722 |  |  | 15,863 |
Mexico |  | 608 |  |  | 504 |  |  | 521 |
|  | $ | 304,321 |  |  | $ | 295,231 |  |  | $ | 280,224 |
Summary of segment information | Summarized segment information is as follows:
|  | For the Year Ended December 30, 2017
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Corporate and Eliminations |  | Total
Net sales |  | $ | 1,564,950 |  |  | $ | 602,131 |  |  | $ | 131,448 |  |  | $ | (32,456 | ) |  | $ | 2,266,073 |
Cost of goods sold |  | 1,369,161 |  |  | 506,973 |  |  | 98,851 |  |  | (34,368 | ) |  | 1,940,617 |
Depreciation and amortization |  | 21,777 |  |  | 7,516 |  |  | 2,513 |  |  | 2,138 |  |  | 33,944 |
Selling, general, and administrative expense |  | 74,479 |  |  | 11,890 |  |  | 9,759 |  |  | 43,452 |  |  | 139,580 |
Gain on sale of businesses |  | (1,491 | ) |  | — |  |  | — |  |  | — |  |  | (1,491 | )
Impairment charges |  | 1,466 |  |  | — |  |  | — |  |  | — |  |  | 1,466 |
Operating income |  | 99,558 |  |  | 75,752 |  |  | 20,325 |  |  | (43,678 | ) |  | 151,957 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  | (19,502 | )
Environmental expense |  |  |  |  |  |  |  |  |  | (7,284 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,801 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 126,972 |
Segment information (continued):
|  | For the Year Ended December 31, 2016
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Corporate and Eliminations |  | Total
Net sales |  | $ | 1,429,589 |  |  | $ | 521,060 |  |  | $ | 119,758 |  |  | $ | (14,785 | ) |  | $ | 2,055,622 |
Cost of goods sold |  | 1,228,949 |  |  | 420,905 |  |  | 89,927 |  |  | (16,282 | ) |  | 1,723,499 |
Depreciation and amortization |  | 22,421 |  |  | 8,162 |  |  | 2,437 |  |  | 2,113 |  |  | 35,133 |
Selling, general, and administrative expense |  | 68,218 |  |  | 13,162 |  |  | 9,661 |  |  | 46,458 |  |  | 137,499 |
Impairment charges |  | 6,115 |  |  | 663 |  |  | — |  |  | — |  |  | 6,778 |
Operating income |  | 103,886 |  |  | 78,168 |  |  | 17,733 |  |  | (47,074 | ) |  | 152,713 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  | (7,387 | )
Environmental expense |  |  |  |  |  |  |  |  |  | (1,279 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,983 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 146,030 |
|  | For the Year Ended December 26, 2015
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Corporate and Eliminations |  | Total
Net sales |  | $ | 1,436,689 |  |  | $ | 567,467 |  |  | $ | 110,727 |  |  | $ | (14,881 | ) |  | $ | 2,100,002 |
Cost of goods sold |  | 1,245,929 |  |  | 491,567 |  |  | 86,894 |  |  | (14,688 | ) |  | 1,809,702 |
Depreciation and amortization |  | 22,559 |  |  | 7,503 |  |  | 2,257 |  |  | 2,289 |  |  | 34,608 |
Selling, general, and administrative expense |  | 66,903 |  |  | 10,955 |  |  | 9,117 |  |  | 43,383 |  |  | 130,358 |
Gain on sale of businesses |  | (15,376 | ) |  | — |  |  | — |  |  | — |  |  | (15,376 | )
Severance |  | 3,442 |  |  | — |  |  | — |  |  | — |  |  | 3,442 |
Operating income |  | 113,232 |  |  | 57,442 |  |  | 12,459 |  |  | (45,865 | ) |  | 137,268 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  | (7,667 | )
Environmental expense |  |  |  |  |  |  |  |  |  | (46 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,234 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 131,789 |
Segment information by assets |
(In thousands) |  | 2017 |  | 2016 |  | 2015
Expenditures for long-lived assets (including those resulting from business acquisitions): |  |  |  |  |  |
Piping Systems |  | $ | 18,124 |  |  | $ | 56,286 |  |  | $ | 41,900 |
Industrial Metals |  | 5,322 |  |  | 3,302 |  |  | 16,603 |
Climate |  | 2,191 |  |  | 2,045 |  |  | 12,373 |
General Corporate |  | 22,518 |  |  | 55 |  |  | 136 |
|  | $ | 48,155 |  |  | $ | 61,688 |  |  | $ | 71,012 |
During the fourth quarter of 2017, the Company took early delivery of a Corporate aircraft to replace its existing aircraft. Subsequent to year-end, the existing aircraft was taken out of service and classified as held-for-sale, and the Company expects to recognize an impairment charge of approximately $3.3 million in the first quarter of 2018. The Company expects to sell the aircraft in 2018.
Segment assets: |  |  |  |  |  |  |  |  |
Piping Systems |  | $ | 801,468 |  |  | $ | 826,663 |  |  | $ | 811,343 |
Industrial Metals |  | 212,638 |  |  | 160,478 |  |  | 153,102 |
Climate |  | 73,458 |  |  | 66,968 |  |  | 61,672 |
General Corporate |  | 232,609 |  |  | 393,367 |  |  | 312,684 |
|  | $ | 1,320,173 |  |  | $ | 1,447,476 |  |  | $ | 1,338,801 |

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