Industry Segments (Tables)

6 Months Ended

Jul. 02, 2011

Industry Segments [Abstract]

Segment Information

Summarized segment information is as follows:

	For the Quarter Ended July 2, 2011
	Plumbing & Refrigeration Segment		OEM Segment		Corporate and Eliminations			Total
(In thousands)
Net sales	$	347,069	$	314,086	$	(8,232	)	$	652,923
Cost of goods sold		296,033		285,944		(8,100	)		573,877
Depreciation and amortization		5,349		3,479		338			9,166
Selling, general, and administrative expense		20,897		5,847		6,586			33,330
Operating income		24,790		18,816		(7,056	)		36,550
Interest expense									(2,834	)
Other income, net									264
Income before income taxes								$	33,980

	For the Quarter Ended June 26, 2010
	Plumbing & Refrigeration Segment		OEM Segment		Corporate and Eliminations			Total
(In thousands)
Net sales	$	285,717	$	257,780	$	(3,109	)	$	540,388
Cost of goods sold		238,105		231,482		(2,942	)		466,645
Depreciation and amortization		6,300		3,535		255			10,090
Selling, general, and administrative expense		20,362		5,831		7,275			33,468
Insurance settlement		1,210		—		—			1,210
Operating income		19,740		16,932		(7,697	)		28,975
Interest expense									(2,964	)
Other expense, net									(2,518	)
Income before income taxes								$	23,493

Segment information (continued):

	For the Six Months Ended July 2, 2011
	Plumbing & Refrigeration Segment		OEM Segment		Corporate and Eliminations			Total
(In thousands)
Net sales	$	727,658	$	633,422	$	(20,476	)	$	1,340,604
Cost of goods sold		619,228		564,736		(20,213	)		1,163,751
Depreciation and amortization		11,183		7,071		611			18,865
Selling, general, and administrative expense		42,774		13,153		12,772			68,699
Litigation settlement		—		—		(10,500	)		(10,500	)
Operating income		54,473		48,462		(3,146	)		99,789
Interest expense									(6,182	)
Other income, net									1,323
Income before income taxes								$	94,930

	For the Six Months Ended June 26, 2010
	Plumbing & Refrigeration Segment			OEM Segment		Corporate and Eliminations			Total
(In thousands)
Net sales	$	542,379		$	489,984	$	(6,707	)	$	1,025,656
Cost of goods sold		450,974			435,094		(6,375	)		879,693
Depreciation and amortization		12,813			7,106		519			20,438
Selling, general, and administrative expense		39,689			14,721		16,381			70,791
Insurance settlement		(21,296	)		—		—			(21,296	)
Operating income		60,199			33,063		(17,232	)		76,030
Interest expense										(5,496	)
Other expense, net										(2,378	)
Income before income taxes									$	68,156