Segment Information

9 Months Ended

Sep. 27, 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				Nine Months Ended
	September 27, 2024		September 29, 2023		September 27, 2024		September 29, 2023
Net Sales
Contractor	$	242,295	$	245,269	$	741,975	$	746,888
Industrial	156,294		157,084		453,993		470,797
Process	120,623		137,319		368,676		411,277
Total	$	519,212	$	539,672	$	1,564,644	$	1,628,962
Operating Earnings
Contractor	$	71,053	$	73,512	$	221,555	$	216,152
Industrial	52,361		54,298		149,881		162,955
Process	32,452		43,001		104,772		127,186
Unallocated corporate (expense)	(10,143)		(8,422)		(36,128)		(30,184)
Contingent consideration	—		8,600		—		8,600
Impairment	—		(7,800)		—		(7,800)
Total	$	145,723	$	163,189	$	440,080	$	476,909

Assets by segment were as follows (in thousands): 

	September 27, 2024		December 29, 2023
Contractor	$	754,154	$	712,224
Industrial	616,317		640,487
Process	547,054		554,753
Unallocated corporate	1,058,118		814,543
Total	$	2,975,643	$	2,722,007

Geographic information follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 27, 2024		September 29, 2023		September 27, 2024		September 29, 2023
Net Sales (based on customer location)
United States	$	289,553	$	288,610	$	872,480	$	879,552
Other countries	229,659		251,062		692,164		749,410
Total	$	519,212	$	539,672	$	1,564,644	$	1,628,962

	September 27, 2024		December 29, 2023
Long-lived Assets
United States	$	642,163	$	622,430
Other countries	124,535		119,283
Total	$	766,698	$	741,713