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Segment Information (Tables)
 12 Months Ended
Dec. 30, 2017
Segment Reporting [Abstract]  
Net sales by major product line
Net Sales by Major Product Line:

(In thousands)
 
2017
 
2016
 
2015
 
 
 
 
 
 
 
Tube and fittings
 
$
1,260,105

 
$
1,072,242

 
$
1,053,761

Brass rod and forgings
 
450,063

 
371,237

 
436,456

OEM components, tube & assemblies
 
272,567

 
327,327

 
342,651

Valves and plumbing specialties
 
200,409

 
209,217

 
198,012

Other
 
82,929

 
75,599

 
69,122

 
 
 
 
 
 
 
 
 
$
2,266,073

 
$
2,055,622

 
$
2,100,002
Geographic information
Geographic Information:

(In thousands)
 
2017
 
2016
 
2015
 
 
 
 
 
 
 
Net sales:
 
 
 
 
 
 
United States
 
$
1,556,825

 
$
1,400,893

 
$
1,519,456

United Kingdom
 
231,039

 
197,039

 
240,823

Canada
 
280,140

 
237,162

 
97,967

Asia
 
121,295

 
149,875

 
162,664

Mexico
 
76,774

 
70,653

 
79,092

 
 
 
 
 
 
 
 
 
$
2,266,073

 
$
2,055,622

 
$
2,100,002


(In thousands)
 
2017
 
2016
 
2015
 
 
 
 
 
 
 
Long-lived assets:
 
 
 
 
 
 
United States
 
$
238,752

 
$
223,099

 
$
223,398

United Kingdom
 
17,661

 
15,978

 
19,982

Canada
 
21,327

 
18,928

 
20,460

Asia
 
25,973

 
36,722

 
15,863

Mexico
 
608

 
504

 
521

 
 
 
 
 
 
 
 
 
$
304,321

 
$
295,231

 
$
280,224
Summary of segment information
Summarized segment information is as follows:

 
 
For the Year Ended December 30, 2017
(In thousands)
 
Piping Systems
 
Industrial Metals
 
Climate
 
Corporate and Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
1,564,950

 
$
602,131

 
$
131,448

 
$
(32,456
)
 
$
2,266,073

 
 
 
 
 
 
 
 
 
 
 
Cost of goods sold
 
1,369,161

 
506,973

 
98,851

 
(34,368
)
 
1,940,617

Depreciation and amortization
 
21,777

 
7,516

 
2,513

 
2,138

 
33,944

Selling, general, and administrative expense
 
74,479

 
11,890

 
9,759

 
43,452

 
139,580

Gain on sale of businesses
 
(1,491
)
 
—

 
—

 
—

 
(1,491
)
Impairment charges
 
1,466

 
—

 
—

 
—

 
1,466

 
 
 
 
 
 
 
 
 
 
 
Operating income
 
99,558

 
75,752

 
20,325

 
(43,678
)
 
151,957

 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 

 
 

 
 

 
 

 
(19,502
)
Environmental expense
 
 
 
 
 
 
 
 
 
(7,284
)
Other income, net
 
 

 
 

 
 

 
 

 
1,801

 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
 

 
 

 
 

 
 

 
$
126,972


Segment information (continued):

 
 
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
)
Environmental expense
 
 
 
 
 
 
 
 
 
(1,279
)
Other income, net
 
 

 
 

 
 

 
 

 
1,983

 
 
 
 
 
 
 
 
 
 
 
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 businesses
 
(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
)
Environmental expense
 
 
 
 
 
 
 
 
 
(46
)
Other income, net
 
 

 
 

 
 

 
 

 
2,234

 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
 

 
 

 
 

 
 

 
$
131,789
Segment information by assets
(In thousands)
 
2017
 
2016
 
2015
Expenditures for long-lived assets (including those resulting from business acquisitions):
 
 
 
 
 
 
Piping Systems
 
$
18,124

 
$
56,286

 
$
41,900

Industrial Metals
 
5,322

 
3,302

 
16,603

Climate
 
2,191

 
2,045

 
12,373

General Corporate
 
22,518

 
55

 
136

 
 
 
 
 
 
 
 
 
$
48,155

 
$
61,688

 
$
71,012


During the fourth quarter of 2017, the Company took early delivery of a Corporate aircraft to replace its existing aircraft. Subsequent to year-end, the existing aircraft was taken out of service and classified as held-for-sale, and the Company expects to recognize an impairment charge of approximately $3.3 million in the first quarter of 2018. The Company expects to sell the aircraft in 2018.

Segment assets:
 
 

 
 

 
 

Piping Systems
 
$
801,468

 
$
826,663

 
$
811,343

Industrial Metals
 
212,638

 
160,478

 
153,102

Climate
 
73,458

 
66,968

 
61,672

General Corporate
 
232,609

 
393,367

 
312,684

 
 
 
 
 
 
 
 
 
$
1,320,173

 
$
1,447,476

 
$
1,338,801