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v3.24.1.u1

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 30, 2024 | Apr. 01, 2023 | Dec. 30, 2023
Summary of segment information [Abstract] |  |  |
Net sales | $ 849,654 | $ 971,192 |
Cost of goods sold | 608,703 | 678,798 |
Depreciation and amortization | 9,169 | 10,657 |
Selling, general, and administrative expense | 48,357 | 52,631 |
Operating income | 183,425 | 229,106 |
Interest expense | (115) | (143) |
Interest income | 17,245 | 6,235 |
Realized gains on short-term investments | 365 | 1,910 |
Other income, net | 630 | 326 |
Income before income taxes | 201,550 | 237,434 |
Assets | 2,894,242 |  | $ 2,759,301
Operating Segments |  |  |
Summary of segment information [Abstract] |  |  |
Net sales | 863,045 | 980,667 |
Operating Segments | Piping Systems |  |  |
Summary of segment information [Abstract] |  |  |
Net sales | 590,168 | 662,479 |
Cost of goods sold | 420,941 | 467,610 |
Depreciation and amortization | 4,560 | 5,558 |
Selling, general, and administrative expense | 21,987 | 25,457 |
Operating income | 142,680 | 163,854 |
Assets | 1,057,983 |  | 1,029,821
Operating Segments | Industrial Metals |  |  |
Summary of segment information [Abstract] |  |  |
Net sales | 156,067 | 165,234 |
Cost of goods sold | 126,604 | 133,170 |
Depreciation and amortization | 1,920 | 1,772 |
Selling, general, and administrative expense | 3,272 | 3,077 |
Operating income | 24,271 | 27,215 |
Assets | 178,903 |  | 157,761
Operating Segments | Climate |  |  |
Summary of segment information [Abstract] |  |  |
Net sales | 116,810 | 152,954 |
Cost of goods sold | 75,591 | 88,812 |
Depreciation and amortization | 1,595 | 2,153 |
Selling, general, and administrative expense | 7,049 | 8,001 |
Operating income | 32,575 | 53,988 |
Assets | 255,798 |  | 252,561
Corporate and Eliminations |  |  |
Summary of segment information [Abstract] |  |  |
Net sales | (13,391) | (9,475) |
Cost of goods sold | (14,433) | (10,794) |
Depreciation and amortization | 1,094 | 1,174 |
Selling, general, and administrative expense | 16,049 | 16,096 |
Operating income | (16,101) | $ (15,951) |
Assets | $ 1,401,558 |  | $ 1,319,158

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