Segment Information

6 Months Ended

Jun. 28, 2024

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company has three reportable segments: Contractor, Industrial and Process. Sales and operating earnings by segment were as follows (in thousands): 

	Three Months Ended				Six Months Ended
	June 28, 2024		June 30, 2023		June 28, 2024		June 30, 2023
Net Sales
Contractor	$	269,638	$	255,648	$	499,680	$	501,619
Industrial	155,708		163,523		297,699		313,713
Process	127,897		140,473		248,053		273,958
Total	$	553,243	$	559,644	$	1,045,432	$	1,089,290
Operating Earnings
Contractor	$	84,362	$	68,868	$	150,503	$	142,640
Industrial	52,720		55,887		97,521		108,657
Process	37,279		43,620		72,319		84,185
Unallocated corporate (expense)	(13,002)		(11,323)		(25,988)		(21,762)
Total	$	161,359	$	157,052	$	294,355	$	313,720

Assets by segment were as follows (in thousands): 

	June 28, 2024		December 29, 2023
Contractor	$	756,733	$	712,224
Industrial	612,236		640,487
Process	545,857		554,753
Unallocated corporate	965,071		814,543
Total	$	2,879,897	$	2,722,007

Geographic information follows (in thousands):

	Three Months Ended				Six Months Ended
	June 28, 2024		June 30, 2023		June 28, 2024		June 30, 2023
Net Sales (based on customer location)
United States	$	315,095	$	301,953	$	582,927	$	590,942
Other countries	238,148		257,691		462,505		498,348
Total	$	553,243	$	559,644	$	1,045,432	$	1,089,290

	June 28, 2024		December 29, 2023
Long-lived Assets
United States	$	645,033	$	622,430
Other countries	122,689		119,283
Total	$	767,722	$	741,713