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SEGMENT INFORMATION (Tables)

9 Months Ended

Oct. 01, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The tables below present information about the sales and operating income of those segments. 

Third Quarter Ended October 1, 2023
($ in thousands)						Manufacturing						Distribution						Total
Net outside sales						$	641,185					$	224,888					$	866,073
Intersegment sales						18,308						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)						Manufacturing						Distribution						Total
Net outside sales						$	828,410					$	283,679					$	1,112,089
Intersegment sales						18,481						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)						Manufacturing						Distribution						Total
Net outside sales						$	2,021,679					$	665,179					$	2,686,858
Intersegment sales						50,920						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)						Manufacturing						Distribution						Total
Net outside sales						$	2,891,994					$	1,037,963					$	3,929,957
Intersegment sales						62,426						7,943						70,369
Total sales						$	2,954,420					$	1,045,906					$	4,000,326
Operating income						$	460,691					$	116,835					$	577,526

Schedule of the Reconciliation of Segment Operations

The following table presents a reconciliation of segment operating income to consolidated operating income:

						Third Quarter Ended												Nine Months Ended
($ in thousands)						October 1, 2023						September 25, 2022						October 1, 2023						September 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

X

- Definition

Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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