Industry Segments (Tables)

12 Months Ended

Dec. 28, 2013

Industry Segments [Abstract]

Net Sales by Major Product Line

Net Sales by Major Product Line:

(In thousands)	2013		2012		2011
Tube and fittings	$	972,107	$	986,825	$	1,082,150
Brass rod and forgings		553,896		583,940		662,369
OEM components, tube & assemblies		337,772		335,461		401,623
Valves and plumbing specialties		239,822		231,278		217,985
Other		54,944		52,434		53,670
	$	2,158,541	$	2,189,938	$	2,417,797

Geographic Information

Geographic Information:

(In thousands)	2013		2012		2011
Net sales:
United States	$	1,676,385	$	1,696,589	$	1,830,001
United Kingdom		229,659		234,684		272,809
Other		252,497		258,665		314,987
	$	2,158,541	$	2,189,938	$	2,417,797

(In thousands)	2013		2012		2011
Long-lived assets:
United States	$	325,667	$	306,023	$	267,060
United Kingdom		22,159		23,496		23,962
Other		25,224		27,442		29,883
	$	373,050	$	356,961	$	320,905

Summary of segment information

Segment Information:

	For the Year Ended December 28, 2013
(In thousands)	Plumbing & Refrigeration Segment			OEM Segment		Corporate and Eliminations			Total
Net sales	$	1,225,306		$	947,784	$	(14,549	)	$	2,158,541
Cost of goods sold		1,043,059			833,518		(14,488	)		1,862,089
Depreciation and amortization		17,117			13,025		2,252			32,394
Selling, general, and administrative expense		85,471			24,479		24,964			134,914
Insurance settlement		(103,895	)		—		(2,437	)		(106,332	)
Gain on sale of plastic fittings manufacturing assets		(39,765	)		—		—			(39,765	)
Impairment charges		4,173			131		—			4,304
Operating income		219,146			76,631		(24,840	)		270,937
Interest expense										(3,990	)
Other expense, net										4,451
Income before income taxes									$	271,398

	For the Year Ended December 29, 2012
(In thousands)	Plumbing & Refrigeration Segment			OEM Segment		Corporate and Eliminations			Total
Net sales	$	1,238,230		$	974,606	$	(22,898	)	$	2,189,938
Cost of goods sold		1,060,755			866,404		(22,696	)		1,904,463
Depreciation and amortization		16,513			13,435		1,547			31,495
Selling, general, and administrative expense		75,448			27,680		26,328			129,456
Litigation settlement		—			—		(4,050	)		(4,050	)
Insurance settlement		(1,500	)		—		—			(1,500	)
Severance		—			—		3,369			3,369
Operating income		87,014			67,087		(27,396	)		126,705
Interest expense										(6,890	)
Other expense, net										539
Income before income taxes									$	120,354

	For the Year Ended December 31, 2011
(In thousands)	Plumbing & Refrigeration Segment		OEM Segment		Corporate and Eliminations			Total
Net sales	$	1,330,435	$	1,119,796	$	(32,434	)	$	2,417,797
Cost of goods sold		1,139,932		1,007,654		(31,909	)		2,115,677
Depreciation and amortization		20,947		14,634		1,284			36,865
Selling, general, and administrative expense		84,795		24,838		26,320			135,953
Litigation settlement		—		—		(10,500	)		(10,500	)
Operating income		84,761		72,670		(17,629	)		139,802
Interest expense									(11,553	)
Other expense, net									1,912
Income before income taxes								$	130,161

Segment Information by Assets

(In thousands)	2013		2012		2011
Expenditures for long-lived assets (including business acquisitions):
Plumbing & Refrigeration	$	47,222	$	24,030	$	12,686
OEM		14,845		24,137		12,586
General corporate		3,253		17,290		361
	$	65,320	$	65,457	$	25,633
Segment assets:
Plumbing & Refrigeration	$	625,371	$	531,429	$	532,458
OEM		305,052		290,058		296,997
General corporate		317,344		282,668		518,149
	$	1,247,767	$	1,104,155	$	1,347,604