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v3.19.3

Segment Information - Summary of Segment Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 28, 2019 | Sep. 29, 2018 | Sep. 28, 2019 | Sep. 29, 2018
Summary of segment information [Abstract] |  |  |  |
Net sales | $ 608,602 | $ 645,958 | $ 1,886,777 | $ 1,948,791
Cost of goods sold | 510,788 | 566,956 | 1,586,129 | 1,676,446
Depreciation and amortization | 10,823 | 10,619 | 31,856 | 29,081
Selling, general, and administrative expense | 40,739 | 38,889 | 121,838 | 112,077
Gain on sale of assets | 0 | (2,691) | 0 | (334)
Insurance recovery | 0 | (1,486) | 0 | (1,486)
Operating income | 46,252 | 33,671 | 146,954 | 133,007
Interest expense | (6,148) | (6,746) | (20,135) | (18,728)
Other income (expense), net | 533 | 411 | 823 | 1,557
Income before income taxes | 40,637 | 27,336 | 127,642 | 115,836
Operating Segments [Member] |  |  |  |
Summary of segment information [Abstract] |  |  |  |
Net sales | 617,298 | 650,853 | 1,904,164 | 1,963,458
Operating Segments [Member] | Piping Systems [Member] |  |  |  |
Summary of segment information [Abstract] |  |  |  |
Net sales | 390,917 | 410,525 | 1,193,274 | 1,294,672
Cost of goods sold | 330,418 | 363,174 | 1,019,546 | 1,120,890
Depreciation and amortization | 5,751 | 5,946 | 16,953 | 17,568
Selling, general, and administrative expense | 18,738 | 17,387 | 56,620 | 57,931
Gain on sale of assets |  | (1,390) |  | (2,093)
Insurance recovery |  | 0 |  | 0
Operating income | 36,010 | 25,408 | 100,155 | 100,376
Operating Segments [Member] | Industrial Metals [Member] |  |  |  |
Summary of segment information [Abstract] |  |  |  |
Net sales | 135,443 | 158,709 | 434,037 | 511,932
Cost of goods sold | 117,893 | 141,435 | 372,542 | 445,259
Depreciation and amortization | 1,836 | 1,864 | 5,518 | 5,715
Selling, general, and administrative expense | 3,115 | 3,086 | 9,280 | 9,908
Gain on sale of assets |  | (1,301) |  | (1,301)
Insurance recovery |  | (1,486) |  | (1,486)
Operating income | 12,599 | 15,111 | 46,697 | 53,837
Operating Segments [Member] | Climate [Member] |  |  |  |
Summary of segment information [Abstract] |  |  |  |
Net sales | 90,938 | 81,619 | 276,853 | 156,854
Cost of goods sold | 70,523 | 66,832 | 212,201 | 124,806
Depreciation and amortization | 2,491 | 2,123 | 6,932 | 3,371
Selling, general, and administrative expense | 9,961 | 6,890 | 24,336 | 12,009
Gain on sale of assets |  | 0 |  | 0
Insurance recovery |  | 0 |  | 0
Operating income | 7,963 | 5,774 | 33,384 | 16,668
Corporate and Eliminations [Member] |  |  |  |
Summary of segment information [Abstract] |  |  |  |
Net sales | (8,696) | (4,895) | (17,387) | (14,667)
Cost of goods sold | (8,046) | (4,485) | (18,160) | (14,509)
Depreciation and amortization | 745 | 686 | 2,453 | 2,427
Selling, general, and administrative expense | 8,925 | 11,526 | 31,602 | 32,229
Gain on sale of assets |  | 0 |  | 3,060
Insurance recovery |  | 0 |  | 0
Operating income | $ (10,320) | $ (12,622) | $ (33,282) | $ (37,874)

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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(a),(d)) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 + Details
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