Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Summary of Segment Information

Summarized segment information is as follows:

	For the Quarter Ended June 30, 2018
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	453,183	$	175,891	$	39,172	$	(5,473	)	$	662,773
Cost of goods sold	384,821		154,401		30,688		(6,090		)	563,820
Depreciation and amortization	5,744		1,948		627		687			9,006
Selling, general, and administrative expense	20,599		3,449		2,510		11,870			38,428
(Gain) loss on sale of assets	—		—		—		(409		)	(409		)
Operating income	42,019		16,093		5,347		(11,531		)	51,928
Interest expense										(6,073		)
Other income, net										586
Income before income taxes										$	46,441

	For the Quarter Ended July 1, 2017
(In thousands)	Piping Systems			Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	422,844		$	154,504	$	36,636	$	282		$	614,266
Cost of goods sold	364,261			132,972		27,449		(371		)	524,311
Depreciation and amortization	5,591			1,904		615		485			8,595
Selling, general, and administrative expense	19,831			3,239		2,456		10,773			36,299
(Gain) loss on sale of assets	(1,631		)	—		—		—			(1,631		)
Operating income	34,792			16,389		6,116		(10,605		)	46,692
Interest expense											(6,442		)
Other income, net											342
Income before income taxes											$	40,592

Segment information (continued):

	For the Six Months Ended June 30, 2018
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	884,147	$	353,223	$	75,235	$	(9,772	)	$	1,302,833
Cost of goods sold	757,716		303,824		57,974		(10,024		)	1,109,490
Depreciation and amortization	11,622		3,851		1,248		1,741			18,462
Selling, general, and administrative expense	39,841		6,822		5,119		20,703			72,485
(Gain) loss on sale of assets	—		—		—		3,060			3,060
Operating income	74,968		38,726		10,894		(25,252		)	99,336
Interest expense										(11,982		)
Other income, net										1,146
Income before income taxes										$	88,500

	For the Six Months Ended July 1, 2017
(In thousands)	Piping Systems			Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	821,619		$	304,341	$	70,915	$	(4,689	)	$	1,192,186
Cost of goods sold	708,907			257,015		53,013		(6,197		)	1,012,738
Depreciation and amortization	10,933			3,802		1,244		971			16,950
Selling, general, and administrative expense	38,028			6,788		4,932		22,125			71,873
(Gain) loss on sale of assets	(1,631		)	—		—		—			(1,631		)
Operating income	65,382			36,736		11,726		(21,588		)	92,256
Interest expense											(8,973		)
Other income, net											936
Income before income taxes											$	84,219

Disaggregation of Revenue From Contracts with Customers

The following tables represent a disaggregation of revenue from contracts with customers, along with the reportable segment for each category:

	For the Quarter Ended June 30, 2018
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	379,165	$	—	$	—	$	379,165
Brass rod and forgings	—		135,921		—		135,921
OEM components, tube & assemblies	7,448		14,597		39,172		61,217
Valves and plumbing specialties	66,570		—		—		66,570
Other	—		25,373		—		25,373
	453,183		175,891		39,172		668,246
Intersegment sales							(5,473		)
Net sales							$	662,773

	For the Quarter Ended July 1, 2017
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	318,433	$	—	$	—	$	318,433
Brass rod and forgings	—		119,783		—		119,783
OEM components, tube & assemblies	47,709		12,887		36,636		97,232
Valves and plumbing specialties	56,702		—		—		56,702
Other	—		21,834		—		21,834
	422,844		154,504		36,636		613,984
Intersegment sales							282
Net sales							$	614,266

Disaggregation of revenue from contracts with customers (continued):

	For the Six Months Ended June 30, 2018
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	737,256	$	—	$	—	$	737,256
Brass rod and forgings	—		272,469		—		272,469
OEM components, tube & assemblies	14,510		29,664		75,235		119,409
Valves and plumbing specialties	132,381		—		—		132,381
Other	—		51,090		—		51,090
	884,147		353,223		75,235		1,312,605
Intersegment sales							(9,772		)
Net sales							$	1,302,833

	For the Six Months Ended July 1, 2017
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	626,799	$	—	$	—	$	626,799
Brass rod and forgings	—		233,963		—		233,963
OEM components, tube & assemblies	79,680		26,102		70,915		176,697
Valves and plumbing specialties	115,140		—		—		115,140
Other	—		44,276		—		44,276
	821,619		304,341		70,915		1,196,875
Intersegment sales							(4,689		)
Net sales							$	1,192,186