Industry Segments (Tables)

12 Months Ended

Dec. 26, 2015

Industry Segments [Abstract]

Net sales by major product line

Net Sales by Major Product Line:

(In thousands)	2015		2014		2013
Tube and fittings	$	1,053,761	$	1,143,164	$	972,107
Brass rod and forgings		436,456		556,985		553,896
OEM components, tube & assemblies		342,651		345,991		337,772
Valves and plumbing specialties		198,012		262,504		239,822
Other		69,122		55,583		54,944
	$	2,100,002	$	2,364,227	$	2,158,541

Geographic information

Geographic Information:

(In thousands)	2015		2014		2013
Net sales:
United States	$	1,519,456	$	1,752,548	$	1,651,138
United Kingdom		240,823		326,832		229,659
Canada		97,967		9,807		13,666
Other		241,756		275,040		264,078
	$	2,100,002	$	2,364,227	$	2,158,541

(In thousands)	2015		2014		2013
Long-lived assets:
United States	$	223,398	$	203,522	$	198,837
United Kingdom		15,248		19,007		21,220
Canada		20,460		—		—
Other		21,118		23,381		24,400
	$	280,224	$	245,910	$	244,457

Summary of segment information

Segment Information:

	For the Year Ended December 26, 2015
(In thousands)	Plumbing & Refrigeration Segment			OEM Segment		Corporate and Eliminations			Total
Net sales	$	1,260,273		$	849,538	$	(9,809	)	$	2,100,002
Cost of goods sold		1,082,493			736,878		(9,669	)		1,809,702
Depreciation and amortization		19,237			13,535		1,836			34,608
Selling, general, and administrative expense		80,405			26,477		23,476			130,358
Gain on sale of assets		(15,376	)		—		—			(15,376	)
Severance		3,442			—		—			3,442
Operating income		90,072			72,648		(25,452	)		137,268
Interest expense										(7,667	)
Other income, net										2,188
Income before income taxes									$	131,789

	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

Segment information by assets

(In thousands)	2015		2014		2013
Expenditures for long-lived assets (including business acquisitions):
Plumbing & Refrigeration	$	41,456	$	30,087	$	43,543
OEM		29,420		10,788		14,845
General corporate		136		401		3,254
	$	71,012	$	41,276	$	61,642
Segment assets:
Plumbing & Refrigeration	$	709,447	$	664,784	$	625,371
OEM		302,875		313,245		305,052
General corporate		326,479		350,067		317,344
	$	1,338,801	$	1,328,096	$	1,247,767