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BUSINESS SEGMENTS | 6 Months Ended
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Jun. 26, 2021
Segment Reporting [Abstract] |
BUSINESS SEGMENTS | BUSINESS SEGMENTS The Company has four reportable segments based on its management structure. Each segment is global in nature with a manager responsible for segment operational performance and the allocation of capital within the segment. Net corporate expense is net of certain service-related expenses that are allocated to business units generally on the basis of employee headcounts. Reportable segments are as follows: UTILITY SUPPORT STRUCTURES: This segment consists of the manufacture of engineered steel, concrete and composite structures for the utility markets, including transmission, distribution, substations, and renewable energy generation equipment and drone inspection services; ENGINEERED SUPPORT STRUCTURES: This segment consists of the manufacture and distribution of engineered poles, towers, and components for lighting, traffic, and wireless communication markets, engineered access systems, integrated structure solutions for smart cities, and highway safety products; COATINGS: This segment consists of global galvanizing, painting, and anodizing services to preserve and protect metal products; and IRRIGATION: This segment consists of the global manufacture of center pivot and linear irrigation equipment for agricultural markets, including parts, services and tubular products, and advanced technology solutions for water management and precision agriculture. The Company evaluates the performance of its business segments based upon operating income and invested capital. The Company does not allocate interest expense, non-operating income and deductions, or income taxes to its business segments. Summary by Business
| Thirteen weeks ended |  | Twenty-six weeks ended
| June 26, 2021 |  | June 27, 2020 |  | June 26, 2021 |  | June 27, 2020
SALES: |  |  |  |  |  |  |
Utility Support Structures segment: |  |  |  |  |  |  |
Steel | $ | 176,974 |  |  | $ | 159,817 |  |  | $ | 345,471 |  |  | $ | 326,348 |
Concrete | 43,438 |  |  | 45,653 |  |  | 83,821 |  |  | 81,438 |
Engineered Solar Tracker Solutions | 9,172 |  |  | 4,619 |  |  | 15,466 |  |  | 13,543 |
Offshore and Other Complex Steel Structures | 38,279 |  |  | 21,235 |  |  | 76,238 |  |  | 35,456 |
Utility Support Structures segment | $ | 267,863 |  |  | $ | 231,324 |  |  | $ | 520,996 |  |  | $ | 456,785 |
Engineered Support Structures segment: |  |  |  |  |  |  |
Lighting, Traffic, and Highway Safety Products | $ | 186,973 |  |  | $ | 181,027 |  |  | $ | 340,843 |  |  | $ | 353,014 |
Communication Products | 54,552 |  |  | 50,886 |  |  | 100,631 |  |  | 89,082 |
Access Systems | 27,864 |  |  | 21,472 |  |  | 50,242 |  |  | 42,031 |
Engineered Support Structures segment | 269,389 |  |  | 253,385 |  |  | 491,716 |  |  | 484,127 |
Coatings segment | 98,158 |  |  | 80,005 |  |  | 191,446 |  |  | 168,090 |
Irrigation segment: |  |  |  |  |  |  |
North America | 156,037 |  |  | 99,034 |  |  | 278,788 |  |  | 205,594 |
International | 125,928 |  |  | 51,605 |  |  | 232,841 |  |  | 101,765 |
Irrigation segment | 281,965 |  |  | 150,639 |  |  | 511,629 |  |  | 307,359 |
Total | 917,375 |  |  | 715,353 |  |  | 1,715,787 |  |  | 1,416,361 |
INTERSEGMENT SALES: |  |  |  |  |  |  |
Utility Support Structures segment | — |  |  | 2,851 |  |  | 435 |  |  | 5,364 |
Engineered Support Structures segment | 49 |  |  | 4,512 |  |  | 220 |  |  | 7,888 |
Coatings segment | 20,553 |  |  | 17,338 |  |  | 42,250 |  |  | 36,833 |
Irrigation segment | 2,144 |  |  | 1,844 |  |  | 3,367 |  |  | 3,268 |
Total | 22,746 |  |  | 26,545 |  |  | 46,272 |  |  | 53,353 |
NET SALES: |  |  |  |  |  |  |
Utility Support Structures segment | 267,863 |  |  | 228,473 |  |  | 520,561 |  |  | 451,421 |
Engineered Support Structures segment | 269,340 |  |  | 248,873 |  |  | 491,496 |  |  | 476,239 |
Coatings segment | 77,605 |  |  | 62,667 |  |  | 149,196 |  |  | 131,257 |
Irrigation segment | 279,821 |  |  | 148,795 |  |  | 508,262 |  |  | 304,091 |
Total | $ | 894,629 |  |  | $ | 688,808 |  |  | $ | 1,669,515 |  |  | $ | 1,363,008 |
OPERATING INCOME: |  |  |  |  |  |  |
Utility Support Structures segment | $ | 14,955 |  |  | $ | 21,650 |  |  | $ | 36,607 |  |  | $ | 49,374 |
Engineered Support Structures segment | 31,927 |  |  | 4,818 |  |  | 51,852 |  |  | 20,749 |
Coatings segment | 14,668 |  |  | 10,148 |  |  | 27,540 |  |  | 21,202 |
Irrigation segment | 41,984 |  |  | 22,351 |  |  | 80,732 |  |  | 46,014 |
Corporate | (20,909) |  |  | (15,527) |  |  | (36,895) |  |  | (27,004) |
Total | $ | 82,625 |  |  | $ | 43,440 |  |  | $ | 159,836 |  |  | $ | 110,335 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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