Industry Segments (Tables)

6 Months Ended

Jun. 27, 2015

Industry Segments [Abstract]

Summary of segment information

Summarized segment information is as follows:

	For the Quarter Ended June 27, 2015
(In thousands)	Plumbing & Refrigeration Segment			OEM Segment		Corporate and Eliminations			Total
Net sales	$	327,336		$	230,380	$	(2,123	)	$	555,593
Cost of goods sold		278,237			194,207		(2,079	)		470,365
Depreciation and amortization		4,577			3,133		478			8,188
Selling, general, and administrative expense		20,473			6,239		6,708			33,420
Gain on sale of assets		(15,376	)		—		—			(15,376	)
Severance		3,442			—		—			3,442
Operating income		35,983			26,801		(7,230	)		55,554
Interest expense										(2,219	)
Other income, net										265
Income before income taxes									$	53,600

	For the Quarter Ended June 28, 2014
(In thousands)	Plumbing & Refrigeration Segment		OEM Segment		Corporate and Eliminations			Total
Net sales	$	397,190	$	255,409	$	(2,908	)	$	649,691
Cost of goods sold		336,256		224,392		(2,873	)		557,775
Depreciation and amortization		5,096		2,892		604			8,592
Selling, general, and administrative expense		21,755		4,909		6,703			33,367
Severance		1,753		—		—			1,753
Operating income		32,330		23,216		(7,342	)		48,204
Interest expense									(1,457	)
Other income, net									127
Income before income taxes								$	46,874

	For the Six Months Ended June 27, 2015
(In thousands)	Plumbing & Refrigeration Segment			OEM Segment		Corporate and Eliminations			Total
Net sales	$	632,353		$	465,697	$	(5,215	)	$	1,092,835
Cost of goods sold		538,700			397,640		(5,141	)		931,199
Depreciation and amortization		9,100			5,988		953			16,041
Selling, general, and administrative expense		41,013			12,720		12,518			66,251
Gain on sale of assets		(15,376	)		—		—			(15,376	)
Severance		3,442			—		—			3,442
Operating income		55,474			49,349		(13,545	)		91,278
Interest expense										(4,295	)
Other income, net										370
Income before income taxes									$	87,353

	For the Six Months Ended June 28, 2014
(In thousands)	Plumbing & Refrigeration Segment			OEM Segment		Corporate and Eliminations			Total
Net sales	$	735,217		$	495,439	$	(6,591	)	$	1,224,065
Cost of goods sold		625,281			434,795		(6,524	)		1,053,552
Depreciation and amortization		9,516			5,975		1,208			16,699
Selling, general, and administrative expense		43,410			10,167		12,931			66,508
Gain on sale of assets		(1,417	)		—		—			(1,417	)
Severance		2,212			—		—			2,212
Operating income		56,215			44,502		(14,206	)		86,511
Interest expense										(2,483	)
Other income, net										215
Income before income taxes									$	84,243