XML 30 R51.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Information - Summary of Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Sep. 29, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales $ 543,839 $ 608,602 $ 666,394 $ 611,781 $ 559,087 $ 645,958 $ 662,773 $ 640,060 $ 2,430,616 $ 2,507,878 $ 2,266,073 [1]
Cost of goods sold                 2,035,610 2,150,400 1,940,617 [1]
Depreciation and amortization                 42,693 39,555 33,944 [1]
Selling, general, and administrative expense                 162,358 148,888 140,730 [1]
Gain on sale of assets, net                 (963) (253) (1,491) [1],[2]
(Gain) loss on sale of assets, net                 0 0 (1,491)
Insurance recovery                 485 3,681 0 [1]
Impairment charges                 0 0 1,466 [1],[2]
Operating income                 191,403 172,969 150,807 [1]
Interest expense                 (25,683) (25,199) (19,502) [1]
Environmental expense                 (1,321) (1,320) (7,284) [1]
Other income, net                 1,684 3,967 2,951 [1]
Income before income taxes                 166,083 150,417 126,972 [1]
Expenditures for long-lived assets                 31,162 124,936 48,155
Impairment charges                 0 0 1,466 [1],[2]
Segment assets 1,370,940       1,369,549       1,370,940 1,369,549 1,320,173
Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 2,453,044 2,525,763 2,298,529
Corporate Segment [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 (22,428) (17,885) (32,456)
Cost of goods sold                 (25,230) (18,152) (34,368)
Depreciation and amortization                 3,285 3,114 2,138
Selling, general, and administrative expense                 44,444 43,597 43,252
Gain on sale of assets, net                 0 3,141  
(Gain) loss on sale of assets, net                     0
Insurance recovery                 0 0  
Impairment charges                     0
Operating income                 (44,927) (49,585) (43,478)
Expenditures for long-lived assets                 2,711 37 22,518
Impairment charges                     0
Segment assets 162,921       130,670       162,921 130,670 232,609
Intersegment Eliminations [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 (22,428) (17,885) (32,456)
Piping Systems [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 1,542,456 1,645,633 1,564,950
Cost of goods sold                 1,313,980 1,426,729 1,369,161
Depreciation and amortization                 22,621 23,304 21,777
Selling, general, and administrative expense                 75,170 74,864 74,441
Gain on sale of assets, net                 (1,194) (2,093)  
(Gain) loss on sale of assets, net                     (1,491)
Insurance recovery                 0 0  
Impairment charges                     1,466
Operating income                 131,879 122,829 99,596
Expenditures for long-lived assets                 15,505 31,362 18,124
Impairment charges                     1,466
Segment assets 796,262       818,303       796,262 818,303 801,468
Industrial Metals [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 554,372 651,061 602,131
Cost of goods sold                 473,010 559,367 506,973
Depreciation and amortization                 7,489 7,568 7,516
Selling, general, and administrative expense                 12,359 13,501 13,278
Gain on sale of assets, net                 275 (1,301)  
(Gain) loss on sale of assets, net                     0
Insurance recovery                 485 (3,681)  
Impairment charges                     0
Operating income                 61,724 75,607 74,364
Expenditures for long-lived assets                 9,101 8,066 5,322
Impairment charges                     0
Segment assets 161,904       173,725       161,904 173,725 212,638
Climate [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 356,216 229,069 131,448
Cost of goods sold                 273,850 182,456 98,851
Depreciation and amortization                 9,298 5,569 2,513
Selling, general, and administrative expense                 30,385 16,926 9,759
Gain on sale of assets, net                 (44) 0  
(Gain) loss on sale of assets, net                     0
Insurance recovery                 0 0  
Impairment charges                     0
Operating income                 42,727 24,118 20,325
Expenditures for long-lived assets                 3,845 85,471 2,191
Impairment charges                     0
Segment assets $ 249,853       $ 246,851       249,853 246,851 73,458
Tube and fittings [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 1,271,558 1,352,875 1,238,258
Tube and fittings [Member] | Piping Systems [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 1,271,558 1,352,875 1,238,258
Tube and fittings [Member] | Industrial Metals [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 0 0 0
Tube and fittings [Member] | Climate [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 0 0 0
Brass rod and forgings [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 425,573 501,472 461,603
Brass rod and forgings [Member] | Piping Systems [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 0 0 0
Brass rod and forgings [Member] | Industrial Metals [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 425,573 501,472 461,603
Brass rod and forgings [Member] | Climate [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 0 0 0
OEM components, tube and assemblies [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 210,858 222,272 277,538
OEM components, tube and assemblies [Member] | Piping Systems [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 29,103 29,578 94,383
OEM components, tube and assemblies [Member] | Industrial Metals [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 48,104 53,581 51,707
OEM components, tube and assemblies [Member] | Climate [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 133,651 139,113 131,448
Valves and plumbing specialties [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 241,795 263,180 232,309
Valves and plumbing specialties [Member] | Piping Systems [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 241,795 263,180 232,309
Valves and plumbing specialties [Member] | Industrial Metals [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 0 0 0
Valves and plumbing specialties [Member] | Climate [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 0 0 0
Other products [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 303,260 185,964 88,821
Other products [Member] | Piping Systems [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 0 0 0
Other products [Member] | Industrial Metals [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 80,695 96,008 88,821
Other products [Member] | Climate [Member] | Operating Segments [Member]                      
Segment Reporting Information, Income (Loss) before Income Taxes [Abstract]                      
Net sales                 $ 222,565 $ 89,956 $ 0
[1] The Consolidated Statement of Income for 2017 has been adjusted to reflect the adoption of ASU 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost in 2018. The components of net periodic benefit cost (income) other than the service cost component are included in other income, net in the Consolidated Statements of Income.
[2] The Consolidated Statements of Cash Flows for prior periods have been adjusted to reflect the adoption of ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. The Consolidated Statements of Cash Flows reflect the changes during the periods in the total of cash, cash equivalents, and restricted cash. Therefore, restricted cash activity is included with cash when reconciling the beginning-of-period and end-of-period total amounts shown.