Segment Information (Tables)

12 Months Ended

Dec. 29, 2018

Segment Reporting [Abstract]

Net sales by major product line

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

	For the Year Ended December 29, 2018
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	1,352,875	$	—	$	—	$	1,352,875
Brass rod and forgings	—		501,472		—		501,472
OEM components, tube & assemblies	29,578		53,581		139,113		222,272
Valves and plumbing specialties	263,180		—		—		263,180
Other	—		96,008		89,956		185,964
	$	1,645,633	$	651,061	$	229,069	$	2,525,763
Intersegment sales							(17,885		)
Net sales							$	2,507,878

	For the Year Ended December 30, 2017
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	1,238,258	$	—	$	—	$	1,238,258
Brass rod and forgings	—		461,603		—		461,603
OEM components, tube & assemblies	94,383		51,707		131,448		277,538
Valves and plumbing specialties	232,309		—		—		232,309
Other	—		88,821		—		88,821
	$	1,564,950	$	602,131	$	131,448	$	2,298,529
Intersegment sales							(32,456		)
Net sales							$	2,266,073

Disaggregation of revenue from contracts with customers (continued):

	For the Year Ended December 31, 2016
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	1,045,031	$	—	$	—	$	1,045,031
Brass rod and forgings	—		369,363		—		369,363
OEM components, tube & assemblies	145,017		69,578		119,758		334,353
Valves and plumbing specialties	239,541		—		—		239,541
Other	—		82,119		—		82,119
	$	1,429,589	$	521,060	$	119,758	$	2,070,407
Intersegment sales							(14,785		)
Net sales							$	2,055,622

Geographic information

Summarized geographic information is as follows:

(In thousands)	2018		2017		2016
Net sales:
United States	$	1,820,857	$	1,556,825	$	1,400,893
United Kingdom	245,458		231,039		197,039
Canada	292,798		280,140		237,162
Asia	59,730		121,295		149,875
Mexico	89,035		76,774		70,653
	$	2,507,878	$	2,266,073	$	2,055,622

(In thousands)	2018		2017		2016
Long-lived assets:
United States	$	295,735	$	238,752	$	223,099
United Kingdom	16,313		17,661		15,978
Canada	33,144		21,327		18,928
Asia	24,930		25,973		36,722
Mexico	511		608		504
	$	370,633	$	304,321	$	295,231

Summary of segment information

Summarized segment information is as follows:

	For the Year Ended December 29, 2018
(In thousands)	Piping Systems			Industrial Metals			Climate		Corporate and Eliminations			Total
Net sales	$	1,645,633		$	651,061		$	229,069	$	(17,885	)	$	2,507,878
Cost of goods sold	1,426,729			559,367			182,456		(18,152		)	2,150,400
Depreciation and amortization	23,304			7,568			5,569		3,114			39,555
Selling, general, and administrative expense	74,864			13,501			16,926		43,597			148,888
(Gain) loss on sale of assets	(2,093		)	(1,301		)	—		3,141			(253		)
Insurance recovery	—			(3,681		)	—		—			(3,681		)
Operating income	122,829			75,607			24,118		(49,585		)	172,969
Interest expense												(25,199		)
Environmental expense												(1,320		)
Other income, net												3,967
Income before income taxes												$	150,417

	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	74,441			13,278		9,759		43,252			140,730
Gain on sale of assets	(1,491		)	—		—		—			(1,491		)
Impairment charges	1,466			—		—		—			1,466
Operating income	99,596			74,364		20,325		(43,478		)	150,807
Interest expense											(19,502		)
Environmental expense											(7,284		)
Other income, net											2,951
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	67,178		13,943		9,661		45,029			135,811
Impairment charges	6,115		663		—		—			6,778
Operating income	104,926		77,387		17,733		(45,645		)	154,401
Interest expense										(7,387		)
Environmental expense										(1,279		)
Other income, net										295
Income before income taxes										$	146,030

Segment information by assets

(In thousands)	2018		2017		2016
Expenditures for long-lived assets (including those resulting from business acquisitions):
Piping Systems	$	31,362	$	18,124	$	56,286
Industrial Metals	8,066		5,322		3,302
Climate	85,471		2,191		2,045
General Corporate	37		22,518		55
	$	124,936	$	48,155	$	61,688

Segment assets:
Piping Systems	$	818,303	$	801,468	$	826,663
Industrial Metals	173,725		212,638		160,478
Climate	246,851		73,458		66,968
General Corporate	130,670		232,609		393,367
	$	1,369,549	$	1,320,173	$	1,447,476