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v3.23.1

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands | 3 Months Ended |
--- | --- | ---
Apr. 01, 2023 | Mar. 26, 2022 | Dec. 31, 2022
Summary of segment information [Abstract] |  |  |
Net sales | $ 971,192 | $ 1,010,002 |
Cost of goods sold | 678,798 | 744,511 |
Depreciation and amortization | 10,657 | 10,841 |
Selling, general, and administrative expense | 52,631 | 47,456 |
Gain on sale of assets | 0 | 5,507 |
Operating income | 229,106 | 212,701 |
Interest expense | (143) | (158) |
Interest income | 6,235 | 160 |
Other income, net | 2,236 | 620 |
Income before income taxes | 237,434 | 213,323 |
Assets | 2,479,621 |  | $ 2,242,399
Operating Segments |  |  |
Summary of segment information [Abstract] |  |  |
Net sales | 980,667 | 1,018,364 |
Operating Segments | Piping Systems |  |  |
Summary of segment information [Abstract] |  |  |
Net sales | 662,479 | 703,430 |
Cost of goods sold | 467,610 | 514,187 |
Depreciation and amortization | 5,558 | 5,400 |
Selling, general, and administrative expense | 25,457 | 23,355 |
Gain on sale of assets |  | 0 |
Operating income | 163,854 | 160,488 |
Assets | 1,196,717 |  | 1,088,940
Operating Segments | Industrial Metals |  |  |
Summary of segment information [Abstract] |  |  |
Net sales | 165,234 | 174,312 |
Cost of goods sold | 133,170 | 145,710 |
Depreciation and amortization | 1,772 | 1,944 |
Selling, general, and administrative expense | 3,077 | 3,399 |
Gain on sale of assets |  | 0 |
Operating income | 27,215 | 23,259 |
Assets | 173,429 |  | 160,702
Operating Segments | Climate |  |  |
Summary of segment information [Abstract] |  |  |
Net sales | 152,954 | 140,622 |
Cost of goods sold | 88,812 | 93,957 |
Depreciation and amortization | 2,153 | 2,352 |
Selling, general, and administrative expense | 8,001 | 7,613 |
Gain on sale of assets |  | 0 |
Operating income | 53,988 | 36,700 |
Assets | 270,993 |  | 279,940
Corporate and Eliminations |  |  |
Summary of segment information [Abstract] |  |  |
Net sales | (9,475) | (8,362) |
Cost of goods sold | (10,794) | (9,343) |
Depreciation and amortization | 1,174 | 1,145 |
Selling, general, and administrative expense | 16,096 | 13,089 |
Gain on sale of assets |  | 5,507 |
Operating income | (15,951) | $ (7,746) |
Assets | $ 838,482 |  | $ 712,817

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