Industry Segments (Tables)

6 Months Ended

Jun. 30, 2012

Industry Segments [Abstract]

Summary of segment information

Summarized segment information is as follows:

	For the Quarter Ended June 30, 2012
(In thousands)	Plumbing & Refrigeration Segment		OEM Segment		Corporate and Eliminations			Total
Net sales	$	331,688	$	268,551	$	(6,140	)	$	594,099
Cost of goods sold		285,182		243,646		(5,977	)		522,851
Depreciation and amortization		4,151		3,412		356			7,919
Selling, general, and administrative expense		19,750		6,436		7,301			33,487
Operating income		22,605		15,057		(7,820	)		29,842
Interest expense									(2,721	)
Other income, net									490
Income before income taxes								$	27,611

	For the Quarter Ended July 2, 2011
(In thousands)	Plumbing & Refrigeration Segment		OEM Segment		Corporate and Eliminations			Total
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 Six Months Ended June 30, 2012
(In thousands)	Plumbing & Refrigeration Segment			OEM Segment		Corporate and Eliminations			Total
Net sales	$	647,042		$	539,527	$	(14,802	)	$	1,171,767
Cost of goods sold		550,653			479,846		(14,473	)		1,016,026
Depreciation and amortization		8,296			6,471		681			15,448
Selling, general, and administrative expense		38,730			13,428		12,931			65,089
Insurance settlement		(1,500	)		-		-			(1,500	)
Operating income		50,863			39,782		(13,941	)		76,704
Interest expense										(5,358	)
Other income, net										744
Income before income taxes									$	72,090

	For the Six Months Ended July 2, 2011
(In thousands)	Plumbing & Refrigeration Segment		OEM Segment		Corporate and Eliminations			Total
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 expense, net									1,323
Income before income taxes								$	94,930