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SEGMENT INFORMATION
9 Months Ended
Oct. 01, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Financial results for the Company's reportable segments have been prepared using a management approach, which is consistent with the basis and manner in which financial information is evaluated by the Company's Chief Operating Decision Maker (CODM) in allocating resources and in assessing performance. The Company has two reportable segments, Manufacturing and Distribution. The operating results of the operating segments are regularly reviewed by the Company’s CODM, the Chief Executive Officer, to assess the performance of the individual operating segments and to make decisions about resources to be allocated to the operating segments.
The tables below present information about the sales and operating income of those segments. 
Third Quarter Ended October 1, 2023   
($ in thousands)ManufacturingDistributionTotal
Net outside sales$641,185 $224,888 $866,073 
Intersegment sales18,308 1,971 20,279 
Total sales$659,493 $226,859 $886,352 
Operating income$80,777 $24,026 $104,803 
Third Quarter Ended September 25, 2022   
($ in thousands)ManufacturingDistributionTotal
Net outside sales$828,410 $283,679 $1,112,089 
Intersegment sales18,481 2,859 21,340 
Total sales$846,891 $286,538 $1,133,429 
Operating income$109,462 $27,228 $136,690 
Nine Months Ended October 1, 2023   
($ in thousands)ManufacturingDistributionTotal
Net outside sales$2,021,679 $665,179 $2,686,858 
Intersegment sales50,920 6,585 57,505 
Total sales$2,072,599 $671,764 $2,744,363 
Operating income$263,146 $68,172 $331,318 
Nine Months Ended September 25, 2022   
($ in thousands)ManufacturingDistributionTotal
Net outside sales$2,891,994 $1,037,963 $3,929,957 
Intersegment sales62,426 7,943 70,369 
Total sales$2,954,420 $1,045,906 $4,000,326 
Operating income$460,691 $116,835 $577,526 
The following table presents a reconciliation of segment operating income to consolidated operating income:
 Third Quarter Ended Nine Months Ended
($ in thousands)October 1, 2023September 25, 2022October 1, 2023September 25, 2022
Operating income for reportable segments$104,803 $136,690 $331,318 $577,526 
Unallocated corporate expenses(14,221)(25,160)(69,341)(94,808)
Amortization(19,507)(18,769)(59,093)(54,175)
Consolidated operating income$71,075 $92,761 $202,884 $428,543 
Unallocated corporate expenses include corporate general and administrative expenses comprised of wages and other compensation, insurance, taxes, supplies, travel and entertainment, professional fees, amortization of inventory step-up adjustments, and other.