Segment Information (Tables)

9 Months Ended

Oct. 01, 2016

Segment Information [Abstract]

Summary of segment information

Summarized segment information is as follows:

	For the Quarter Ended October 1, 2016
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	351,557	$	131,350	$	30,003	$	(6,326	)	$	506,584
Cost of goods sold		301,867		107,512		22,210		(6,921	)		424,668
Depreciation and amortization		5,905		1,964		612		535			9,016
Selling, general, and administrative expense		16,647		3,125		2,357		10,284			32,413
Asset impairments		3,000		—		—		—			3,000
Operating income		24,138		18,749		4,824		(10,224	)		37,487
Interest expense											(1,830	)
Other income, net											120
Income before income taxes										$	35,777

	For the Quarter Ended September 26, 2015
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	367,892	$	139,472	$	28,494	$	(674	)	$	535,184
Cost of goods sold		320,571		125,146		22,160		(710	)		467,167
Depreciation and amortization		5,430		2,154		608		557			8,749
Selling, general, and administrative expense		16,469		3,044		2,283		10,445			32,241
Operating income		25,422		9,128		3,443		(10,966	)		27,027
Interest expense											(1,682	)
Other income, net											164
Income before income taxes										$	25,509

	For the Nine Months Ended October 1, 2016
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	1,109,109	$	393,608	$	92,068	$	(11,321	)	$	1,583,464
Cost of goods sold		949,015		321,615		68,363		(11,623	)		1,327,370
Depreciation and amortization		17,341		6,219		1,829		1,608			26,997
Selling, general, and administrative expense		51,497		9,989		7,336		33,885			102,707
Asset impairments		3,000		—		—		—			3,000
Operating income		88,256		55,785		14,540		(35,191	)		123,390
Interest expense											(5,370	)
Other income, net											880
Income before income taxes										$	118,900

	For the Nine Months Ended September 26, 2015
(In thousands)	Piping Systems			Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	1,109,124		$	435,736	$	85,803	$	(2,644	)	$	1,628,019
Cost of goods sold		959,599			373,678		67,561		(2,472	)		1,398,366
Depreciation and amortization		15,952			5,452		1,647		1,739			24,790
Selling, general, and administrative expense		50,021			8,044		6,637		33,220			97,922
Asset impairments		570			—		—		—			570
Gain on sale of assets		(15,376	)		—		—		—			(15,376	)
Severance		3,442			—		—		—			3,442
Operating income		94,916			48,562		9,958		(35,131	)		118,305
Interest expense												(5,977	)
Other income, net												534
Income before income taxes											$	112,862

Segment information by assets

(In thousands)	October 1, 2016		December 26, 2015
Segment assets:
Piping Systems	$	855,036	$	811,343
Industrial Metals		160,413		153,102
Climate		61,713		61,672
General Corporate		348,959		312,684
	$	1,426,121	$	1,338,801