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Segment Information
3 Months Ended
Mar. 27, 2021
Segment Reporting [Abstract]  
Segment Information Segment InformationEach of the Company’s reportable segments is composed of certain operating segments that are aggregated primarily by the nature of products offered as follows:
Piping Systems

Piping Systems is composed of the following operating segments: Domestic Piping Systems Group, Great Lakes Copper, Heatlink Group, Die-Mold, European Operations, Trading Group, and Jungwoo-Mueller (the Company’s South Korean joint venture).  The Domestic Piping Systems Group manufactures and distributes copper tube, fittings, and line sets.  These products are manufactured in the U.S., sold in the U.S., and exported to markets worldwide.   Outside the U.S., Great Lakes Copper manufactures copper tube and line sets in Canada and sells the products primarily in the U.S. and Canada. Heatlink Group produces a complete line of products for PEX plumbing and radiant systems in Canada and sells these products in Canada and the U.S. Die-Mold manufactures PEX and other plumbing-related fittings and plastic injection tooling in Canada and sells these products in Canada and the U.S. European Operations manufactures copper tube in the U.K. which is sold primarily in Europe.  The Trading Group manufactures pipe nipples and resells brass and plastic plumbing valves, malleable iron fittings, faucets, and plumbing specialty products in the U.S. and Mexico.  Jungwoo-Mueller manufactures copper-based joining products that are sold worldwide.  The Piping Systems segment’s products are sold primarily to plumbing, refrigeration, and air-conditioning wholesalers, hardware wholesalers and co-ops, building product retailers, and air-conditioning original equipment manufacturers (OEMs).

Industrial Metals

Industrial Metals is composed of the following operating segments: Brass Rod & Copper Bar Products, Impacts & Micro Gauge, and Brass Value-Added Products.  These businesses manufacture brass rod, impact extrusions, and forgings, as well as a wide variety of end products including plumbing brass, automotive components, valves, fittings, and gas assemblies.  These products are manufactured in the U.S. and sold primarily to OEMs in the U.S., many of which are in the industrial, transportation, construction, heating, ventilation, and air-conditioning, plumbing, refrigeration, and energy markets.

Climate

Climate is composed of the following operating segments: Refrigeration Products, Fabricated Tube Products, Westermeyer, Turbotec, Flex Duct, Linesets, Inc., and STI.  These domestic businesses manufacture and fabricate valves, assemblies, high pressure components, coaxial heat exchangers, insulated HVAC flexible duct systems, line sets, brazed manifolds, headers, and distributor assemblies primarily for the heating, ventilation, air-conditioning, and refrigeration markets in the U.S.

Summarized segment information is as follows:

 For the Quarter Ended March 27, 2021
(In thousands)Piping SystemsIndustrial MetalsClimateCorporate and EliminationsTotal
Net sales$547,748 $164,852 $111,026 $(5,478)$818,148 
Cost of goods sold450,354 140,891 84,082 (6,909)668,418 
Depreciation and amortization6,210 1,743 2,629 1,173 11,755 
Selling, general, and administrative expense24,086 3,371 6,980 10,998 45,435 
Operating income67,098 18,847 17,335 (10,740)92,540 
Interest expense    (4,469)
Other income, net    577 
Income before income taxes    $88,648 
Segment information (continued):

 For the Quarter Ended March 28, 2020
(In thousands)Piping SystemsIndustrial MetalsClimateCorporate and EliminationsTotal
Net sales$385,013 $131,202 $93,272 $(6,568)$602,919 
Cost of goods sold319,164 114,797 71,093 3,661 508,715 
Depreciation and amortization5,699 2,002 2,466 872 11,039 
Selling, general, and administrative expense20,439 3,221 6,699 12,393 42,752 
Asset impairments3,035 — — — 3,035 
Litigation settlement, net— — — (21,933)(21,933)
Operating income36,676 11,182 13,014 (1,561)59,311 
Interest expense    (5,379)
Other income, net    278 
Income before income taxes    $54,210 

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 27, 2021
(In thousands)Piping SystemsIndustrial MetalsClimateTotal
Tube and fittings$426,139 $— $— $426,139 
Brass rod and forgings— 131,262 — 131,262 
OEM components, tube & assemblies8,555 11,033 38,067 57,655 
Valves and plumbing specialties113,054 — — 113,054 
Other— 22,557 72,959 95,516 
 547,748 164,852 111,026 823,626 
Intersegment sales(5,478)
Net sales$818,148 
Disaggregation of revenue from contracts with customers (continued):

For the Quarter Ended March 28, 2020
(In thousands)Piping SystemsIndustrial MetalsClimateTotal
Tube and fittings$302,129 $— $— $302,129 
Brass rod and forgings— 99,670 — 99,670 
OEM components, tube & assemblies25,295 10,882 36,573 72,750 
Valves and plumbing specialties57,589 — — 57,589 
Other— 20,650 56,699 77,349 
 385,013 131,202 93,272 609,487 
Intersegment sales(6,568)
Net sales$602,919