Segment Information (Tables)

6 Months Ended

Jul. 02, 2016

Segment Information [Abstract]

Summary of segment information

Summarized segment information is as follows:

	For the Quarter Ended July 2, 2016
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	388,662	$	127,737	$	31,359	$	(3,687	)	$	544,071
Cost of goods sold		333,356		104,874		22,448		(4,618	)		456,060
Depreciation and amortization		5,787		2,120		618		536			9,061
Selling, general, and administrative expense		16,560		3,619		2,456		11,879			34,514
Operating income		32,959		17,124		5,837		(11,484	)		44,436
Interest expense											(1,692	)
Other income, net											515
Income before taxes										$	43,259

	For the Quarter Ended June 27, 2015
(In thousands)	Piping Systems			Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	379,750		$	145,228	$	31,498	$	(883	)	$	555,593
Cost of goods sold		326,338			120,808		24,134		(915	)		470,365
Depreciation and amortization		5,335			1,643		614		596			8,188
Selling, general, and administrative expense		16,776			2,302		2,500		11,842			33,420
Gain on sale of assets		(15,376	)		—		—		—			(15,376	)
Severance		3,442			—		—		—			3,442
Operating income		43,235			20,475		4,250		(12,406	)		55,554
Interest expense												(2,219	)
Other income, net												265
Income before taxes											$	53,600

Segment information (continued):

	For the Six Months Ended July 2, 2016
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	757,552	$	262,258	$	62,065	$	(4,995	)	$	1,076,880
Cost of goods sold		647,148		214,103		46,153		(4,702	)		902,702
Depreciation and amortization		11,436		4,255		1,217		1,073			17,981
Selling, general, and administrative expense		34,850		6,864		4,979		23,601			70,294
Operating income		64,118		37,036		9,716		(24,967	)		85,903
Interest expense											(3,540	)
Other income, net											760
Income before taxes										$	83,123

	For the Six Months Ended June 27, 2015
(In thousands)	Piping Systems			Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	741,232		$	296,264	$	57,309	$	(1,970	)	$	1,092,835
Cost of goods sold		639,028			248,532		45,401		(1,762	)		931,199
Depreciation and amortization		10,522			3,298		1,039		1,182			16,041
Selling, general, and administrative expense		34,122			5,000		4,354		22,775			66,251
Gain on sale of assets		(15,376	)		—		—		—			(15,376	)
Severance		3,442			—		—		—			3,442
Operating income		69,494			39,434		6,515		(24,165	)		91,278
Interest expense												(4,295	)
Other income, net												370
Income before taxes											$	87,353

Segment information by assets

(In thousands)	July 2, 2016		December 26, 2015
Segment assets:
Piping Systems	$	863,138	$	811,343
Industrial Metals		160,655		153,102
Climate		66,383		61,672
General Corporate		330,299		312,684
	$	1,420,475	$	1,338,801