Segment Information (Tables)

12 Months Ended

Dec. 31, 2016

Segment Information [Abstract]

Net sales by major product line

Net Sales by Major Product Line:

(In thousands)	2016		2015		2014
Tube and fittings	$	1,072,242	$	1,053,761	$	1,143,164
Brass rod and forgings		371,237		436,456		556,985
OEM components, tube & assemblies		327,327		342,651		345,991
Valves and plumbing specialties		209,217		198,012		262,504
Other		75,599		69,122		55,583
	$	2,055,622	$	2,100,002	$	2,364,227

Geographic information

Geographic Information:

(In thousands)	2016		2015		2014
Net sales:
United States	$	1,400,893	$	1,519,456	$	1,752,548
United Kingdom		197,039		240,823		326,832
Canada		237,162		97,967		9,807
Asia		149,875		162,664		194,495
Mexico		70,653		79,092		80,545
	$	2,055,622	$	2,100,002	$	2,364,227

(In thousands)	2016		2015		2014
Long-lived assets:
United States	$	223,099	$	223,398	$	203,522
United Kingdom		15,978		19,982		21,766
Canada		18,928		20,460		—
Asia		36,722		15,863		19,765
Mexico		504		521		857
	$	295,231	$	280,224	$	245,910

Summary of segment information

Summarized segment information is as follows:

	For the Year Ended December 31, 2016
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	1,429,589	$	521,060	$	119,758	$	(14,785	)	$	2,055,622
Cost of goods sold		1,228,949		420,905		89,927		(16,282	)		1,723,499
Depreciation and amortization		22,421		8,162		2,437		2,113			35,133
Selling, general, and administrative expense		68,218		13,162		9,661		46,458			137,499
Impairment charges		6,115		663		—		—			6,778
Operating income		103,886		78,168		17,733		(47,074	)		152,713
Interest expense											(7,387	)
Other income, net											704
Income before income taxes										$	146,030

	For the Year Ended December 26, 2015
(In thousands)	Piping Systems			Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	1,436,689		$	567,467	$	110,727	$	(14,881	)	$	2,100,002
Cost of goods sold		1,245,929			491,567		86,894		(14,688	)		1,809,702
Depreciation and amortization		22,559			7,503		2,257		2,289			34,608
Selling, general, and administrative expense		66,903			10,955		9,117		43,383			130,358
Gain on sale of assets		(15,376	)		—		—		—			(15,376	)
Severance		3,442			—		—		—			3,442
Operating income		113,232			57,442		12,459		(45,865	)		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)	Piping Systems			Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	1,622,921		$	659,847	$	99,336	$	(17,877	)	$	2,364,227
Cost of goods sold		1,409,581			572,979		79,099		(17,940	)		2,043,719
Depreciation and amortization		22,221			6,998		1,845		2,671			33,735
Selling, general, and administrative expense		71,524			7,660		7,363		45,193			131,740
Gain on sale of assets		(6,259	)		—		—		—			(6,259	)
Severance		7,296			—		—		—			7,296
Operating income		118,558			72,210		11,029		(47,801	)		153,996
Interest expense												(5,740	)
Other expense, net												(243	)
Income before income taxes											$	148,013

Segment information by assets

(In thousands)	2016		2015		2014
Expenditures for long-lived assets (including those resulting from business acquisitions):
Piping Systems	$	56,286	$	41,900	$	30,727
Industrial Metals		3,302		16,603		7,965
Climate		2,045		12,373		2,183
General Corporate		55		136		401
	$	61,688	$	71,012	$	41,276
Segment assets:
Piping Systems	$	826,663	$	811,343	$	786,229
Industrial Metals		160,478		153,102		159,572
Climate		66,968		61,672		38,268
General Corporate		393,367		312,684		344,027
	$	1,447,476	$	1,338,801	$	1,328,096