Industry Segments (Tables)

9 Months Ended

Sep. 26, 2015

Industry Segments [Abstract]

Summary of segment information

Summarized segment information is as follows:

	For the Quarter Ended September 26, 2015
(In thousands)	Plumbing & Refrigeration Segment		OEM Segment		Corporate and Eliminations			Total
Net sales	$	325,022	$	212,596	$	(2,434	)	$	535,184
Cost of goods sold		280,891		188,665		(2,389	)		467,167
Depreciation and amortization		4,468		3,839		442			8,749
Selling, general, and administrative expense		20,104		6,814		5,323			32,241
Operating income	$	19,559	$	13,278	$	(5,810	)		27,027
Interest expense									(1,682	)
Other income, net									164
Income before income taxes								$	25,509

	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			22,613				5,533			5,858				34,004
Severance			860				—			—				860
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 Nine Months Ended September 26, 2015
(In thousands)	Plumbing & Refrigeration Segment				OEM Segment			Corporate and Eliminations				Total
Net sales		$	957,375			$	678,293		$	(7,649	)		$	1,628,019
Cost of goods sold			819,591				586,305			(7,530	)			1,398,366
Depreciation and amortization			13,568				9,827			1,395				24,790
Selling, general, and administrative expense			61,117				19,534			17,841				98,492
Gain on sale of assets			(15,376	)			—			—				(15,376	)
Severance			3,442				—			—				3,442
Operating income		$	75,033			$	62,627		$	(19,355	)			118,305
Interest expense														(5,977	)
Other income, net														534
Income before income taxes													$	112,862

	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		66,023			15,700		18,789			100,512
Gain on sale of assets		(1,417	)		—		—			(1,417	)
Severance		3,072			—		—			3,072
Operating income	$	76,371		$	68,479	$	(20,613	)		124,237
Interest expense										(3,913	)
Other income, net										440
Income before income taxes									$	120,764