Industry Segments (Tables)

12 Months Ended

Dec. 27, 2014

Industry Segments [Abstract]

Net sales by major product line

Net Sales by Major Product Line:

(In thousands)	2014		2013		2012
Tube and fittings	$	1,143,164	$	972,107	$	986,825
Brass rod and forgings		556,985		553,896		583,940
OEM components, tube & assemblies		345,991		337,772		335,461
Valves and plumbing specialties		262,504		239,822		231,278
Other		55,583		54,944		52,434
	$	2,364,227	$	2,158,541	$	2,189,938

Geographic information

Geographic Information:

(In thousands)	2014		2013		2012
Net sales:
United States	$	1,752,548	$	1,676,385	$	1,696,589
United Kingdom		326,832		229,659		234,684
Other		284,847		252,497		258,665
	$	2,364,227	$	2,158,541	$	2,189,938

(In thousands)	2014		2013		2012
Long-lived assets:
United States	$	322,178	$	325,667	$	306,023
United Kingdom		43,064		22,159		23,496
Other		21,641		25,224		27,442
	$	386,883	$	373,050	$	356,961

Summary of segment information

Segment Information:

	For the Year Ended December 27, 2014
(In thousands)	Plumbing & Refrigeration Segment			OEM Segment		Corporate and Eliminations			Total
Net sales	$	1,416,701		$	959,914	$	(12,388	)	$	2,364,227
Cost of goods sold		1,215,282			840,823		(12,386	)		2,043,719
Depreciation and amortization		19,613			11,919		2,203			33,735
Selling, general, and administrative expense		87,539			21,458		22,743			131,740
Gain on sale of assets		(6,259	)		—		—			(6,259	)
Severance		7,296			—		—			7,296
Operating income		93,230			85,714		(24,948	)		153,996
Interest expense										(5,740	)
Other expense, net										(243	)
Income before income taxes									$	148,013

	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 income, 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

Segment information by assets

(In thousands)	2014		2013		2012
Expenditures for long-lived assets (including business acquisitions):
Plumbing & Refrigeration	$	55,098	$	47,222	$	24,030
OEM		10,788		14,845		24,137
General corporate		400		3,253		17,290
	$	66,286	$	65,320	$	65,457
Segment assets:
Plumbing & Refrigeration	$	664,784	$	625,371	$	531,429
OEM		313,245		305,052		290,058
General corporate		350,067		317,344		282,668
	$	1,328,096	$	1,247,767	$	1,104,155