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Segment Information (Tables) | 12 Months Ended
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Dec. 29, 2018
Segment Reporting [Abstract] |
Net sales by major product line | The following tables represent a disaggregation of revenue from contracts with customers, along with the reportable segment for each category:
|  | For the Year Ended December 29, 2018
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Total
Tube and fittings |  | $ | 1,352,875 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,352,875 |
Brass rod and forgings |  | — |  |  | 501,472 |  |  | — |  |  | 501,472 |
OEM components, tube & assemblies |  | 29,578 |  |  | 53,581 |  |  | 139,113 |  |  | 222,272 |
Valves and plumbing specialties |  | 263,180 |  |  | — |  |  | — |  |  | 263,180 |
Other |  | — |  |  | 96,008 |  |  | 89,956 |  |  | 185,964 |
|  | $ | 1,645,633 |  |  | $ | 651,061 |  |  | $ | 229,069 |  |  | $ | 2,525,763 |
Intersegment sales |  |  |  |  |  |  |  | (17,885 | )
Net sales |  |  |  |  |  |  |  | $ | 2,507,878 |
|  | For the Year Ended December 30, 2017
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Total
Tube and fittings |  | $ | 1,238,258 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,238,258 |
Brass rod and forgings |  | — |  |  | 461,603 |  |  | — |  |  | 461,603 |
OEM components, tube & assemblies |  | 94,383 |  |  | 51,707 |  |  | 131,448 |  |  | 277,538 |
Valves and plumbing specialties |  | 232,309 |  |  | — |  |  | — |  |  | 232,309 |
Other |  | — |  |  | 88,821 |  |  | — |  |  | 88,821 |
|  | $ | 1,564,950 |  |  | $ | 602,131 |  |  | $ | 131,448 |  |  | $ | 2,298,529 |
Intersegment sales |  |  |  |  |  |  |  | (32,456 | )
Net sales |  |  |  |  |  |  |  | $ | 2,266,073 |
Disaggregation of revenue from contracts with customers (continued):
|  | For the Year Ended December 31, 2016
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Total
Tube and fittings |  | $ | 1,045,031 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,045,031 |
Brass rod and forgings |  | — |  |  | 369,363 |  |  | — |  |  | 369,363 |
OEM components, tube & assemblies |  | 145,017 |  |  | 69,578 |  |  | 119,758 |  |  | 334,353 |
Valves and plumbing specialties |  | 239,541 |  |  | — |  |  | — |  |  | 239,541 |
Other |  | — |  |  | 82,119 |  |  | — |  |  | 82,119 |
|  | $ | 1,429,589 |  |  | $ | 521,060 |  |  | $ | 119,758 |  |  | $ | 2,070,407 |
Intersegment sales |  |  |  |  |  |  |  | (14,785 | )
Net sales |  |  |  |  |  |  |  | $ | 2,055,622 |
Geographic information | Summarized geographic information is as follows:
(In thousands) |  | 2018 |  | 2017 |  | 2016
Net sales: |  |  |  |  |  |
United States |  | $ | 1,820,857 |  |  | $ | 1,556,825 |  |  | $ | 1,400,893 |
United Kingdom |  | 245,458 |  |  | 231,039 |  |  | 197,039 |
Canada |  | 292,798 |  |  | 280,140 |  |  | 237,162 |
Asia |  | 59,730 |  |  | 121,295 |  |  | 149,875 |
Mexico |  | 89,035 |  |  | 76,774 |  |  | 70,653 |
|  | $ | 2,507,878 |  |  | $ | 2,266,073 |  |  | $ | 2,055,622 |
(In thousands) |  | 2018 |  | 2017 |  | 2016
Long-lived assets: |  |  |  |  |  |
United States |  | $ | 295,735 |  |  | $ | 238,752 |  |  | $ | 223,099 |
United Kingdom |  | 16,313 |  |  | 17,661 |  |  | 15,978 |
Canada |  | 33,144 |  |  | 21,327 |  |  | 18,928 |
Asia |  | 24,930 |  |  | 25,973 |  |  | 36,722 |
Mexico |  | 511 |  |  | 608 |  |  | 504 |
|  | $ | 370,633 |  |  | $ | 304,321 |  |  | $ | 295,231 |
Summary of segment information | Summarized segment information is as follows:
|  | For the Year Ended December 29, 2018
(In thousands) |  | Piping Systems |  | Industrial Metals |  | Climate |  | Corporate and Eliminations |  | Total
Net sales |  | $ | 1,645,633 |  |  | $ | 651,061 |  |  | $ | 229,069 |  |  | $ | (17,885 | ) |  | $ | 2,507,878 |
Cost of goods sold |  | 1,426,729 |  |  | 559,367 |  |  | 182,456 |  |  | (18,152 | ) |  | 2,150,400 |
Depreciation and amortization |  | 23,304 |  |  | 7,568 |  |  | 5,569 |  |  | 3,114 |  |  | 39,555 |
Selling, general, and administrative expense |  | 74,864 |  |  | 13,501 |  |  | 16,926 |  |  | 43,597 |  |  | 148,888 |
(Gain) loss on sale of assets |  | (2,093 | ) |  | (1,301 | ) |  | — |  |  | 3,141 |  |  | (253 | )
Insurance recovery |  | — |  |  | (3,681 | ) |  | — |  |  | — |  |  | (3,681 | )
Operating income |  | 122,829 |  |  | 75,607 |  |  | 24,118 |  |  | (49,585 | ) |  | 172,969 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  | (25,199 | )
Environmental expense |  |  |  |  |  |  |  |  |  | (1,320 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,967 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 150,417 |
|  | 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 |  | 74,441 |  |  | 13,278 |  |  | 9,759 |  |  | 43,252 |  |  | 140,730 |
Gain on sale of assets |  | (1,491 | ) |  | — |  |  | — |  |  | — |  |  | (1,491 | )
Impairment charges |  | 1,466 |  |  | — |  |  | — |  |  | — |  |  | 1,466 |
Operating income |  | 99,596 |  |  | 74,364 |  |  | 20,325 |  |  | (43,478 | ) |  | 150,807 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  | (19,502 | )
Environmental expense |  |  |  |  |  |  |  |  |  | (7,284 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,951 |
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 |  | 67,178 |  |  | 13,943 |  |  | 9,661 |  |  | 45,029 |  |  | 135,811 |
Impairment charges |  | 6,115 |  |  | 663 |  |  | — |  |  | — |  |  | 6,778 |
Operating income |  | 104,926 |  |  | 77,387 |  |  | 17,733 |  |  | (45,645 | ) |  | 154,401 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  | (7,387 | )
Environmental expense |  |  |  |  |  |  |  |  |  | (1,279 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  | 295 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 146,030 |
Segment information by assets |
(In thousands) |  | 2018 |  | 2017 |  | 2016
Expenditures for long-lived assets (including those resulting from business acquisitions): |  |  |  |  |  |
Piping Systems |  | $ | 31,362 |  |  | $ | 18,124 |  |  | $ | 56,286 |
Industrial Metals |  | 8,066 |  |  | 5,322 |  |  | 3,302 |
Climate |  | 85,471 |  |  | 2,191 |  |  | 2,045 |
General Corporate |  | 37 |  |  | 22,518 |  |  | 55 |
|  | $ | 124,936 |  |  | $ | 48,155 |  |  | $ | 61,688 |
Segment assets: |  |  |  |  |  |  |  |  |
Piping Systems |  | $ | 818,303 |  |  | $ | 801,468 |  |  | $ | 826,663 |
Industrial Metals |  | 173,725 |  |  | 212,638 |  |  | 160,478 |
Climate |  | 246,851 |  |  | 73,458 |  |  | 66,968 |
General Corporate |  | 130,670 |  |  | 232,609 |  |  | 393,367 |
|  | $ | 1,369,549 |  |  | $ | 1,320,173 |  |  | $ | 1,447,476 |

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