Segment Information (Tables)

12 Months Ended

Dec. 28, 2019

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 28, 2019
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	1,271,558	$	—	$	—	$	1,271,558
Brass rod and forgings	—		425,573		—		425,573
OEM components, tube & assemblies	29,103		48,104		133,651		210,858
Valves and plumbing specialties	241,795		—		—		241,795
Other	—		80,695		222,565		303,260
	$	1,542,456	$	554,372	$	356,216	$	2,453,044
Intersegment sales							(22,428		)
Net sales							$	2,430,616

	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

Disaggregation of revenue from contracts with customers (continued):

	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

Geographic information

Summarized geographic information is as follows:

(In thousands)	2019		2018		2017
Net sales:
United States	$	1,775,321	$	1,820,857	$	1,556,825
United Kingdom	230,791		245,458		231,039
Canada	285,720		292,798		280,140
Asia	64,363		59,730		121,295
Mexico	74,421		89,035		76,774
	$	2,430,616	$	2,507,878	$	2,266,073

(In thousands)	2019		2018		2017
Long-lived assets:
United States	$	286,727	$	295,735	$	238,752
United Kingdom	18,776		16,313		17,661
Canada	31,429		33,144		21,327
Asia	25,637		24,930		25,973
Mexico	559		511		608
	$	363,128	$	370,633	$	304,321

Summary of segment information

Summarized segment information is as follows:

	For the Year Ended December 28, 2019
(In thousands)	Piping Systems			Industrial Metals			Climate			Corporate and Eliminations			Total
Net sales	$	1,542,456		$	554,372		$	356,216		$	(22,428	)	$	2,430,616
Cost of goods sold	1,313,980			473,010			273,850			(25,230		)	2,035,610
Depreciation and amortization	22,621			7,489			9,298			3,285			42,693
Selling, general, and administrative expense	75,170			12,359			30,385			44,444			162,358
(Gain) loss on sale of assets, net	(1,194		)	275			(44		)	—			(963		)
Insurance recovery	—			(485		)	—			—			(485		)
Operating income	131,879			61,724			42,727			(44,927		)	191,403
Interest expense													(25,683		)
Environmental expense													(1,321		)
Other income, net													1,684
Income before income taxes													$	166,083

	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, net	(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

Segment information (continued):

	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, net	(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 by assets

(In thousands)	2019		2018		2017
Expenditures for long-lived assets (including those resulting from business acquisitions):
Piping Systems	$	15,505	$	31,362	$	18,124
Industrial Metals	9,101		8,066		5,322
Climate	3,845		85,471		2,191
General Corporate	2,711		37		22,518
	$	31,162	$	124,936	$	48,155

Segment assets:
Piping Systems	$	796,262	$	818,303	$	801,468
Industrial Metals	161,904		173,725		212,638
Climate	249,853		246,851		73,458
General Corporate	162,921		130,670		232,609
	$	1,370,940	$	1,369,549	$	1,320,173