Industry Segments (Tables)

9 Months Ended

Sep. 28, 2013

Industry Segments [Abstract]

Summary of segment information

Summarized segment information is as follows:

	For the Quarter Ended September 28, 2013
(In thousands)	Plumbing & Refrigeration Segment			OEM Segment		Corporate and Eliminations			Total
Net sales	$	301,622		$	230,396	$	(3,164	)	$	528,854
Cost of goods sold		258,035			201,399		(3,132	)		456,302
Depreciation and amortization		4,172			3,150		560			7,882
Selling, general, and administrative expense		20,736			5,779		6,406			32,921
Gain on sale of plastic fittings manufacturing assets		(39,765	)		—		—			(39,765	)
Impairment charges		4,173			131		—			4,304
Operating income	$	54,271		$	19,937	$	(6,998	)		67,210
Interest expense										(1,243	)
Other income, net										842
Income before income taxes									$	66,809

Segment information (continued):

	For the Quarter Ended September 29, 2012
(In thousands)	Plumbing & Refrigeration Segment		OEM Segment		Corporate and Eliminations			Total
Net sales	$	297,913	$	221,468	$	(5,216	)	$	514,165
Cost of goods sold		257,978		196,789		(5,049	)		449,718
Depreciation and amortization		4,044		3,437		389			7,870
Selling, general, and administrative expense		18,298		6,821		7,001			32,120
Operating income	$	17,593	$	14,421	$	(7,557	)		24,457
Interest expense									(353	)
Other income, net									219
Income before income taxes								$	24,323

	For the Nine Months Ended September 28, 2013
(In thousands)	Plumbing & Refrigeration Segment			OEM Segment		Corporate and Eliminations			Total
Net sales	$	942,109		$	741,227	$	(12,510	)	$	1,670,826
Cost of goods sold		800,782			651,875		(12,380	)		1,440,277
Depreciation and amortization		12,861			9,854		1,649			24,364
Selling, general, and administrative expense		61,245			18,168		19,665			99,078
Gain on sale of plastic fittings manufacturing assets		(39,765	)		—		—			(39,765	)
Impairment charges		4,173			131		—			4,304
Insurance settlement		(103,895	)		—		(2,437	)		(106,332	)
Operating income	$	206,708		$	61,199	$	(19,007	)		248,900
Interest expense										(2,940	)
Other income, net										4,324
Income before income taxes									$	250,284

Segment information (continued):

	For the Nine Months Ended September 29, 2012
(In thousands)	Plumbing & Refrigeration Segment			OEM Segment		Corporate and Eliminations			Total
Net sales	$	944,955		$	760,995	$	(20,018	)	$	1,685,932
Cost of goods sold		808,631			676,635		(19,522	)		1,465,744
Depreciation and amortization		12,340			9,908		1,070			23,318
Selling, general, and administrative expense		57,028			20,249		19,932			97,209
Insurance settlement		(1,500	)		—		—			(1,500	)
Operating income	$	68,456		$	54,203	$	(21,498	)		101,161
Interest expense										(5,711	)
Other expense, net										963
Income before income taxes									$	96,413