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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2018
Segment Reporting [Abstract] |
Summary of Segment Information | Summarized segment information is as follows:
|  | For the Quarter Ended March 31, 2018
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Corporate and Eliminations |  | Total
Net sales |  | $ | 430,964 |  |  | $ | 177,332 |  |  | $ | 36,063 |  |  | $ | (4,299 | ) |  | $ | 640,060 |
Cost of goods sold |  | 372,895 |  |  | 149,423 |  |  | 27,286 |  |  | (3,934 | ) |  | 545,670 |
Depreciation and amortization |  | 5,878 |  |  | 1,903 |  |  | 621 |  |  | 1,054 |  |  | 9,456 |
Selling, general, and administrative expense |  | 19,242 |  |  | 3,373 |  |  | 2,609 |  |  | 8,833 |  |  | 34,057 |
Asset impairment |  | — |  |  | — |  |  | — |  |  | 3,469 |  |  | 3,469 |
Operating income |  | 32,949 |  |  | 22,633 |  |  | 5,547 |  |  | (13,721 | ) |  | 47,408 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,909 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 560 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 42,059 |
|  | For the Quarter Ended April 1, 2017
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Corporate and Eliminations |  | Total
Net sales |  | $ | 398,775 |  |  | $ | 149,837 |  |  | $ | 34,279 |  |  | $ | (4,971 | ) |  | $ | 577,920 |
Cost of goods sold |  | 344,646 |  |  | 124,043 |  |  | 25,564 |  |  | (5,826 | ) |  | 488,427 |
Depreciation and amortization |  | 5,342 |  |  | 1,898 |  |  | 629 |  |  | 486 |  |  | 8,355 |
Selling, general, and administrative expense |  | 18,197 |  |  | 3,549 |  |  | 2,476 |  |  | 11,352 |  |  | 35,574 |
Operating income |  | 30,590 |  |  | 20,347 |  |  | 5,610 |  |  | (10,983 | ) |  | 45,564 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,531 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 594 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 43,627 |
Disaggregation of Revenue From Contracts with Customers | The following tables represent a disaggregation of revenue from contracts with customers, along with the reportable segment for each category:
|  | For the Quarter Ended March 31, 2018
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Total
Tube and fittings |  | $ | 358,091 |  |  | $ | — |  |  | $ | — |  |  | $ | 358,091 |
Brass rod and forgings |  | — |  |  | 136,548 |  |  | — |  |  | 136,548 |
OEM components, tube & assemblies |  | 7,062 |  |  | 15,067 |  |  | 36,063 |  |  | 58,192 |
Valves and plumbing specialties |  | 65,811 |  |  | — |  |  | — |  |  | 65,811 |
Other |  | — |  |  | 25,717 |  |  | — |  |  | 25,717 |
|  | 430,964 |  |  | 177,332 |  |  | 36,063 |  |  | 644,359 |
Intersegment sales |  |  |  |  |  |  |  | (4,299 | )
Net sales |  |  |  |  |  |  |  | $ | 640,060 |
|  | For the Quarter Ended April 1, 2017
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Total
Tube and fittings |  | $ | 308,366 |  |  | $ | — |  |  | $ | — |  |  | $ | 308,366 |
Brass rod and forgings |  | — |  |  | 114,180 |  |  | — |  |  | 114,180 |
OEM components, tube & assemblies |  | 31,971 |  |  | 13,215 |  |  | 34,279 |  |  | 79,465 |
Valves and plumbing specialties |  | 58,438 |  |  | — |  |  | — |  |  | 58,438 |
Other |  | — |  |  | 22,442 |  |  | — |  |  | 22,442 |
|  | 398,775 |  |  | 149,837 |  |  | 34,279 |  |  | 582,891 |
Intersegment sales |  |  |  |  |  |  |  | (4,971 | )
Net sales |  |  |  |  |  |  |  | $ | 577,920 |

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