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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 28, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables summarize key financial information by segment:

						Third Quarter Ended September 28, 2025
($ in thousands)						Manufacturing						Distribution						Total
Total net sales						$	722,826					$	259,037					$	981,863
Cost of goods sold						564,041						199,270						763,311
Gross profit						$	158,785					$	59,767					$	218,552
Operating expenses						74,380						36,584						110,964
Operating income						$	84,405					$	23,183					$	107,588
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative																		20,460
Amortization of intangible assets																		24,108
Interest expense, net																		18,451
Elimination of inter-segment profits																		(3,273)
Consolidated income before income taxes																		$	47,842
Capital expenditures						$	19,440					$	227					$	19,667
Depreciation and amortization						$	35,792					$	4,531					$	40,323

						Third Quarter Ended September 29, 2024
($ in thousands)						Manufacturing						Distribution						Total
Total net sales						$	685,296					$	239,135					$	924,431
Cost of goods sold						531,503						185,905						717,408
Gross Profit						$	153,793					$	53,230					$	207,023
Operating expenses						67,364						29,830						97,194
Operating income						$	86,429					$	23,400					$	109,829
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative																		18,277
Amortization of intangible assets																		24,433
Interest expense, net																		20,050
Elimination of inter-segment profits																		(7,298)
Consolidated income before income taxes																		$	54,367
Capital expenditures						$	13,477					$	2,520					$	15,997
Depreciation and amortization						$	36,316					$	4,017					$	40,333

						Nine Months Ended September 28, 2025
($ in thousands)						Manufacturing						Distribution						Total
Total net sales						$	2,253,833					$	790,611					$	3,044,444
Cost of goods sold						1,746,369						596,969						2,343,338
Gross profit						$	507,464					$	193,642					$	701,106
Operating expenses						221,815						113,041						334,856
Operating income						$	285,649					$	80,601					$	366,250
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative																		76,344
Amortization of intangible assets																		73,084
Interest expense, net																		56,432
Elimination of inter-segment profits																		(1,762)
Other expense																		24,420
Consolidated income before income taxes																		$	137,732
Capital expenditures						$	49,261					$	781					$	50,042
Depreciation and amortization						$	108,708					$	13,662					$	122,370

						Nine Months Ended September 29, 2024
($ in thousands)						Manufacturing						Distribution						Total
Total net sales						$	2,139,598					$	747,269					$	2,886,867
Cost of goods sold						1,650,887						585,850						2,236,737
Gross profit						$	488,711					$	161,419					$	650,130
Operating expenses						206,080						84,141						290,221
Operating income						$	282,631					$	77,278					$	359,909
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative																		70,854
Amortization of intangible assets																		71,521
Interest expense, net																		60,483
Elimination of inter-segment profits																		(914)
Consolidated income before income taxes																		$	157,965
Capital expenditures						$	31,757					$	8,250					$	40,007
Depreciation and amortization						$	107,406					$	11,405					$	118,811

Schedule of the Reconciliation of Segment Operations

A reconciliation of certain line items pertaining to the total reportable segments to the condensed consolidated financial statements in the third quarter and first nine months ended September 28, 2025 and September 29, 2024, and as of September 28, 2025 and December 31, 2024 is as follows:

						Third Quarter Ended												Nine Months Ended
($ in thousands)						September 28, 2025						September 29, 2024						September 28, 2025						September 29, 2024
Net sales:
Total sales for reportable segments						$	981,863					$	924,431					$	3,044,444					$	2,886,867
Elimination of inter-segment sales						(6,232)						(4,987)						(17,839)						(17,307)
Consolidated net sales						$	975,631					$	919,444					$	3,026,605					$	2,869,560
Depreciation and amortization:
Depreciation and amortization for reportable segments						$	40,323					$	40,333					$	122,370					$	118,811
Corporate depreciation and amortization						1,644						1,853						4,852						5,191
Consolidated depreciation and amortization						$	41,967					$	42,186					$	127,222					$	124,002
Capital expenditures:
Capital expenditures for reportable segments						$	19,667					$	15,997					$	50,042					$	40,007
Corporate capital expenditures						6,631						1,856						14,702						10,257
Consolidated capital expenditures						$	26,298					$	17,853					$	64,744					$	50,264

						As of
($ in thousands)						September 28, 2025						December 31, 2024
Total assets:
Manufacturing segment assets						$	2,536,575					$	2,402,533
Distribution segment assets						517,054						524,827
Corporate assets unallocated to segments						72,848						60,033
Cash and cash equivalents						20,698						33,561
Consolidated total assets						$	3,147,175					$	3,020,954

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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