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Segment Information (Tables)
3 Months Ended
Mar. 30, 2019
Segment Reporting [Abstract]  
Summary of Segment Information
Summarized segment information is as follows:

 
 
For the Quarter Ended March 30, 2019
(In thousands)
 
Piping Systems
 
Industrial Metals
 
Climate
 
Corporate and Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
376,492

 
$
150,875

 
$
89,834

 
$
(5,420
)
 
$
611,781

 
 
 
 
 
 
 
 
 
 
 
Cost of goods sold
 
324,796

 
126,699

 
66,829

 
(6,931
)
 
511,393

Depreciation and amortization
 
5,550

 
1,844

 
2,313

 
848

 
10,555

Selling, general, and administrative expense
 
17,897

 
3,145

 
8,306

 
11,305

 
40,653

 
 
 
 
 
 
 
 
 
 
 
Operating income
 
28,249

 
19,187

 
12,386

 
(10,642
)
 
49,180

 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 

 
 

 
 

 
 

 
(6,954
)
Other loss, net
 
 

 
 

 
 

 
 

 
(172
)
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
 

 
 

 
 

 
 

 
$
42,054


 
 
For the Quarter Ended March 31, 2018
(In thousands)
 
Piping Systems
 
Industrial Metals
 
Climate
 
Corporate and Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
430,964

 
$
177,332

 
$
36,063

 
$
(4,299
)
 
$
640,060

 
 
 
 
 
 
 
 
 
 
 
Cost of goods sold
 
372,895

 
149,423

 
27,286

 
(3,934
)
 
545,670

Depreciation and amortization
 
5,878

 
1,903

 
621

 
1,054

 
9,456

Selling, general, and administrative expense
 
19,242

 
3,373

 
2,609

 
8,833

 
34,057

Asset impairment
 

 

 

 
3,469

 
3,469

 
 
 
 
 
 
 
 
 
 
 
Operating income
 
32,949

 
22,633

 
5,547

 
(13,721
)
 
47,408

 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 

 
 

 
 

 
 

 
(5,909
)
Other income, net
 
 

 
 

 
 

 
 

 
560

 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
 

 
 

 
 

 
 

 
$
42,059

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 March 30, 2019
(In thousands)
 
Piping Systems
 
Industrial Metals
 
Climate
 
Total
 
 
 
 
 
 
 
 
 
Tube and fittings
 
$
307,521

 
$

 
$

 
$
307,521

Brass rod and forgings
 

 
115,924

 

 
115,924

OEM components, tube & assemblies
 
7,283

 
13,037

 
37,243

 
57,563

Valves and plumbing specialties
 
61,688

 

 

 
61,688

Other
 

 
21,914

 
52,591

 
74,505

 
 
 
 
 
 
 
 
 
 
 
376,492

 
150,875

 
89,834

 
617,201

 
 
 
 
 
 
 
 
 
Intersegment sales
 
 
 
 
 
 
 
(5,420
)
 
 
 
 
 
 
 
 
 
Net sales
 
 
 
 
 
 
 
$
611,781


 
 
For the Quarter Ended March 31, 2018
(In thousands)
 
Piping Systems
 
Industrial Metals
 
Climate
 
Total
 
 
 
 
 
 
 
 
 
Tube and fittings
 
$
358,091

 
$

 
$

 
$
358,091

Brass rod and forgings
 

 
136,548

 

 
136,548

OEM components, tube & assemblies
 
7,062

 
15,067

 
36,063

 
58,192

Valves and plumbing specialties
 
65,811

 

 

 
65,811

Other
 

 
25,717

 

 
25,717

 
 
 
 
 
 
 
 
 
 
 
430,964

 
177,332

 
36,063

 
644,359

 
 
 
 
 
 
 
 
 
Intersegment sales
 
 
 
 
 
 
 
(4,299
)
 
 
 
 
 
 
 
 
 
Net sales
 
 
 
 
 
 
 
$
640,060