Segment Information (Tables)

9 Months Ended

Sep. 29, 2018

Segment Reporting [Abstract]

Summary of Segment Information

Summarized segment information is as follows:

	For the Quarter Ended September 29, 2018
(In thousands)	Piping Systems			Industrial Metals			Climate		Corporate and Eliminations			Total
Net sales	$	410,525		$	158,709		$	81,619	$	(4,895	)	$	645,958
Cost of goods sold	363,174			141,435			66,832		(4,485		)	566,956
Depreciation and amortization	5,946			1,864			2,123		686			10,619
Selling, general, and administrative expense	17,387			3,086			6,890		11,526			38,889
(Gain) loss on sale of assets	(1,390		)	(1,301		)	—		—			(2,691		)
Insurance recovery	—			(1,486		)	—		—			(1,486		)
Operating income	25,408			15,111			5,774		(12,622		)	33,671
Interest expense												(6,746		)
Other income (expense), net												411
Income before income taxes												$	27,336

	For the Quarter Ended September 30, 2017
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	384,078	$	147,578	$	32,488	$	(13,781	)	$	550,363
Cost of goods sold	340,191		120,021		24,111		(13,061		)	471,262
Depreciation and amortization	5,290		1,845		636		495			8,266
Selling, general, and administrative expense	17,516		3,014		2,312		10,372			33,214
(Gain) loss on sale of assets	140		—		—		—			140
Operating income	20,941		22,698		5,429		(11,587		)	37,481
Interest expense										(5,237		)
Other loss, net										(380		)
Income before income taxes										$	31,864

Segment information (continued):

	For the Nine Months Ended September 29, 2018
(In thousands)	Piping Systems			Industrial Metals			Climate		Corporate and Eliminations			Total
Net sales	$	1,294,672		$	511,932		$	156,854	$	(14,667	)	$	1,948,791
Cost of goods sold	1,120,890			445,259			124,806		(14,509		)	1,676,446
Depreciation and amortization	17,568			5,715			3,371		2,427			29,081
Selling, general, and administrative expense	57,931			9,908			12,009		32,229			112,077
(Gain) loss on sale of assets	(2,093		)	(1,301		)	—		3,060			(334		)
Insurance recovery	—			(1,486		)	—		—			(1,486		)
Operating income	100,376			53,837			16,668		(37,874		)	133,007
Interest expense												(18,728		)
Other income, net												1,557
Income before income taxes												$	115,836

	For the Nine Months Ended September 30, 2017
(In thousands)	Piping Systems			Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	1,205,697		$	451,919	$	103,403	$	(18,470	)	$	1,742,549
Cost of goods sold	1,049,098			377,036		77,124		(19,258		)	1,484,000
Depreciation and amortization	16,223			5,647		1,880		1,466			25,216
Selling, general, and administrative expense	55,133			9,802		7,244		32,497			104,676
Asset impairments	411			—		—		—			411
(Gain) loss on sale of assets	(1,491		)	—		—		—			(1,491		)
Operating income	86,323			59,434		17,155		(33,175		)	129,737
Interest expense											(14,210		)
Other income, net											556
Income before income taxes											$	116,083

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 September 29, 2018
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	340,269	$	—	$	—	$	340,269
Brass rod and forgings	—		122,411		—		122,411
OEM components, tube & assemblies	7,618		12,292		35,555		55,465
Valves and plumbing specialties	62,638		—		—		62,638
Other	—		24,006		46,064		70,070
	410,525		158,709		81,619		650,853
Intersegment sales							(4,895		)
Net sales							$	645,958

	For the Quarter Ended September 30, 2017
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	319,115	$	—	$	—	$	319,115
Brass rod and forgings	—		112,592		—		112,592
OEM components, tube & assemblies	6,962		13,051		32,488		52,501
Valves and plumbing specialties	58,001		—		—		58,001
Other	—		21,935		—		21,935
	384,078		147,578		32,488		564,144
Intersegment sales							(13,781		)
Net sales							$	550,363

Disaggregation of revenue from contracts with customers (continued):

	For the Nine Months Ended September 29, 2018
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	1,077,525	$	—	$	—	$	1,077,525
Brass rod and forgings	—		394,880		—		394,880
OEM components, tube & assemblies	22,128		41,956		110,790		174,874
Valves and plumbing specialties	195,019		—		—		195,019
Other	—		75,096		46,064		121,160
	1,294,672		511,932		156,854		1,963,458
Intersegment sales							(14,667		)
Net sales							$	1,948,791

	For the Nine Months Ended September 30, 2017
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	945,914	$	—	$	—	$	945,914
Brass rod and forgings	—		346,555		—		346,555
OEM components, tube & assemblies	86,642		39,153		103,403		229,198
Valves and plumbing specialties	173,141		—		—		173,141
Other	—		66,211		—		66,211
	1,205,697		451,919		103,403		1,761,019
Intersegment sales							(18,470		)
Net sales							$	1,742,549