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BUSINESS SEGMENTS (Tables) | 6 Months Ended
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Jun. 25, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Summary by Business
| Thirteen weeks ended |  | Twenty-six weeks ended
| June 25, 2022 |  | June 26, 2021 |  | June 25, 2022 |  | June 26, 2021
SALES: |  |  |  |  |  |  |
Infrastructure | $ | 764,950 |  |  | $ | 617,604 |  |  | $ | 1,445,676 |  |  | $ | 1,167,250 |
Agriculture | 377,765 |  |  | 281,965 |  |  | 684,345 |  |  | 511,629 |
Total | 1,142,715 |  |  | 899,569 |  |  | 2,130,021 |  |  | 1,678,879 |
INTERSEGMENT SALES: |  |  |  |  |  |  |
Infrastructure | (4,200) |  |  | (2,796) |  |  | (7,301) |  |  | (5,997) |
Agriculture | (2,983) |  |  | (2,144) |  |  | (6,368) |  |  | (3,367) |
Total | (7,183) |  |  | (4,940) |  |  | (13,669) |  |  | (9,364) |
NET SALES: |  |  |  |  |  |  |
Infrastructure | 760,750 |  |  | 614,808 |  |  | 1,438,375 |  |  | 1,161,253 |
Agriculture | 374,782 |  |  | 279,821 |  |  | 677,977 |  |  | 508,262 |
Total | $ | 1,135,532 |  |  | $ | 894,629 |  |  | $ | 2,116,352 |  |  | $ | 1,669,515 |
OPERATING INCOME: |  |  |  |  |  |  |
Infrastructure | $ | 84,643 |  |  | $ | 61,550 |  |  | $ | 162,150 |  |  | $ | 115,999 |
Agriculture | 58,046 |  |  | 41,984 |  |  | 95,521 |  |  | 80,732 |
Corporate | (23,970) |  |  | (20,909) |  |  | (44,110) |  |  | (36,895) |
Total | $ | 118,719 |  |  | $ | 82,625 |  |  | $ | 213,561 |  |  | $ | 159,836 |
| Thirteen weeks ended June 25, 2022
| Infrastructure |  | Agriculture |  | Intersegment Sales |  | Consolidated
Geographical market: |  |  |  |  |  |  |
North America | $ | 559,864 |  |  | $ | 203,488 |  |  | $ | (6,716) |  |  | $ | 756,636 |
International | 205,086 |  |  | 174,277 |  |  | (467) |  |  | 378,896 |
Total | $ | 764,950 |  |  | $ | 377,765 |  |  | $ | (7,183) |  |  | $ | 1,135,532 |
Product line: |  |  |  |  |  |  |
Transmission, Distribution and Substation | $ | 295,835 |  |  | $ | — |  |  | $ | — |  |  | $ | 295,835 |
Lighting and Transportation | 246,652 |  |  | — |  |  | — |  |  | 246,652 |
Coatings | 90,321 |  |  | — |  |  | (4,200) |  |  | 86,121 |
Telecommunications | 78,539 |  |  | — |  |  | — |  |  | 78,539 |
Renewable Energy | 53,603 |  |  | — |  |  | — |  |  | 53,603 |
Irrigation Equipment and Parts, excluding Technology | — |  |  | 347,585 |  |  | (2,983) |  |  | 344,602 |
Technology Products and Services | — |  |  | 30,180 |  |  | — |  |  | 30,180 |
Total | $ | 764,950 |  |  | $ | 377,765 |  |  | $ | (7,183) |  |  | $ | 1,135,532 |
| Twenty-six weeks ended June 25, 2022
| Infrastructure |  | Agriculture |  | Intersegment Sales |  | Consolidated
Geographical market: |  |  |  |  |  |  |
North America | $ | 1,065,844 |  |  | $ | 385,743 |  |  | $ | (13,202) |  |  | $ | 1,438,385 |
International | 379,832 |  |  | 298,602 |  |  | (467) |  |  | 677,967 |
Total | $ | 1,445,676 |  |  | $ | 684,345 |  |  | $ | (13,669) |  |  | $ | 2,116,352 |
Product line: |  |  |  |  |  |  |
Transmission, Distribution and Substation | $ | 577,435 |  |  | $ | — |  |  | $ | — |  |  | $ | 577,435 |
Lighting and Transportation | 459,419 |  |  | — |  |  | — |  |  | 459,419 |
Coatings | 172,297 |  |  | — |  |  | (7,301) |  |  | 164,996 |
Telecommunications | 139,935 |  |  | — |  |  | — |  |  | 139,935 |
Renewable Energy | 96,590 |  |  | — |  |  | — |  |  | 96,590 |
Irrigation Equipment and Parts, excluding Technology | — |  |  | 625,619 |  |  | (6,368) |  |  | 619,251 |
Technology Products and Services | — |  |  | 58,726 |  |  | — |  |  | 58,726 |
Total | $ | 1,445,676 |  |  | $ | 684,345 |  |  | $ | (13,669) |  |  | $ | 2,116,352 |
| Thirteen weeks ended June 26, 2021
| Infrastructure |  | Agriculture |  | Intersegment Sales |  | Consolidated
Geographical market: |  |  |  |  |  |  |
North America | $ | 421,168 |  |  | $ | 156,037 |  |  | $ | (4,940) |  |  | $ | 572,265 |
International | 196,436 |  |  | 125,928 |  |  | — |  |  | 322,364 |
Total | $ | 617,604 |  |  | $ | 281,965 |  |  | $ | (4,940) |  |  | $ | 894,629 |
Product line: |  |  |  |  |  |  |
Transmission, Distribution and Substation | $ | 220,458 |  |  | $ | — |  |  | $ | — |  |  | $ | 220,458 |
Lighting and Transportation | 215,247 |  |  | — |  |  | — |  |  | 215,247 |
Coatings | 80,346 |  |  | — |  |  | (2,796) |  |  | 77,550 |
Telecommunications | 54,102 |  |  | — |  |  | — |  |  | 54,102 |
Renewable Energy | 47,451 |  |  | — |  |  | — |  |  | 47,451 |
Irrigation Equipment and Parts, excluding Technology | — |  |  | 253,450 |  |  | (2,144) |  |  | 251,306 |
Technology Products and Services | — |  |  | 28,515 |  |  | — |  |  | 28,515 |
Total | $ | 617,604 |  |  | $ | 281,965 |  |  | $ | (4,940) |  |  | $ | 894,629 |
| Twenty-six weeks ended June 26, 2021
| Infrastructure |  | Agriculture |  | Intersegment Sales |  | Consolidated
Geographical market: |  |  |  |  |  |  |
North America | $ | 806,902 |  |  | $ | 278,788 |  |  | $ | (9,364) |  |  | $ | 1,076,326 |
International | 360,348 |  |  | 232,841 |  |  | — |  |  | 593,189 |
Total | $ | 1,167,250 |  |  | $ | 511,629 |  |  | $ | (9,364) |  |  | $ | 1,669,515 |
Product line: |  |  |  |  |  |  |
Transmission, Distribution and Substation | $ | 428,902 |  |  | $ | — |  |  | $ | — |  |  | $ | 428,902 |
Lighting and Transportation | 391,763 |  |  | — |  |  | — |  |  | 391,763 |
Coatings | 155,139 |  |  | — |  |  | (5,997) |  |  | 149,142 |
Telecommunications | 99,742 |  |  | — |  |  | — |  |  | 99,742 |
Renewable Energy | 91,704 |  |  | — |  |  | — |  |  | 91,704 |
Irrigation Equipment and Parts, excluding Technology | — |  |  | 460,708 |  |  | (3,367) |  |  | 457,341 |
Technology Products and Services | — |  |  | 50,921 |  |  | — |  |  | 50,921 |
Total | $ | 1,167,250 |  |  | $ | 511,629 |  |  | $ | (9,364) |  |  | $ | 1,669,515 |
A breakdown by segment of revenue recognized over time and at a point in time for the thirteen and twenty-six weeks ended June 25, 2022 and June 26, 2021 is as follows:
| Point in Time |  | Over Time |  | Total
| Thirteen weeks ended June 25, 2022 |  | Thirteen weeks ended June 25, 2022 |  | Thirteen weeks ended June 25, 2022
Infrastructure | $ | 429,291 |  |  | $ | 331,459 |  |  | $ | 760,750 |
Agriculture | 368,175 |  |  | 6,607 |  |  | 374,782 |
Total | $ | 797,466 |  |  | $ | 338,066 |  |  | $ | 1,135,532 |
| Point in Time |  | Over Time |  | Total
| Twenty-six weeks ended June 25, 2022 |  | Twenty-six weeks ended June 25, 2022 |  | Twenty-six weeks ended June 25, 2022
Infrastructure | $ | 798,481 |  |  | $ | 639,894 |  |  | $ | 1,438,375 |
Agriculture | 665,781 |  |  | 12,196 |  |  | 677,977 |
Total | $ | 1,464,262 |  |  | $ | 652,090 |  |  | $ | 2,116,352 |
| Point in Time |  | Over Time |  | Total
| Thirteen weeks ended June 26, 2021 |  | Thirteen weeks ended June 26, 2021 |  | Thirteen weeks ended June 26, 2021
Infrastructure | $ | 346,733 |  |  | $ | 268,075 |  |  | $ | 614,808 |
Agriculture | 274,903 |  |  | 4,918 |  |  | 279,821 |
Total | $ | 621,636 |  |  | $ | 272,993 |  |  | $ | 894,629 |
| Point in Time |  | Over Time |  | Total
| Twenty-six weeks ended June 26, 2021 |  | Twenty-six weeks ended June 26, 2021 |  | Twenty-six weeks ended June 26, 2021
Infrastructure | $ | 638,464 |  |  | $ | 522,789 |  |  | $ | 1,161,253 |
Agriculture | 499,540 |  |  | 8,722 |  |  | 508,262 |
Total | $ | 1,138,004 |  |  | $ | 531,511 |  |  | $ | 1,669,515 |

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