Industry Segments (Tables)

9 Months Ended

Sep. 27, 2014

Industry Segments [Abstract]

Summary of segment information

Summarized segment information is as follows:

	For the Quarter Ended September 27, 2014
(In thousands)	Plumbing & Refrigeration Segment		OEM Segment		Corporate and Eliminations			Total
Net sales	$	357,843	$	247,883	$	(2,906	)	$	602,820
Cost of goods sold		308,927		215,225		(2,874	)		521,278
Depreciation and amortization		5,287		3,148		517			8,952
Selling, general, and administrative expense		23,473		5,533		5,858			34,864
Operating income	$	20,156	$	23,977	$	(6,407	)		37,726
Interest expense									(1,430	)
Other income, net									225
Income before income taxes								$	36,521

	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

	For the Nine Months Ended September 27, 2014
(In thousands)	Plumbing & Refrigeration Segment		OEM Segment		Corporate and Eliminations			Total
Net sales	$	1,093,060	$	743,322	$	(9,497	)	$	1,826,885
Cost of goods sold		934,208		650,020		(9,398	)		1,574,830
Depreciation and amortization		14,803		9,123		1,725			25,651
Selling, general, and administrative expense		67,678		15,700		18,789			102,167
Operating income	$	76,371	$	68,479	$	(20,613	)		124,237
Interest expense									(3,913	)
Other income, net									440
Income before income taxes								$	120,764

	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