Segment Information (Tables)

3 Months Ended

Mar. 28, 2020

Segment Reporting [Abstract]

Summary of Segment Information

Summarized segment information is as follows:

	For the Quarter Ended March 28, 2020
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations			Total
Net sales	$	385,013	$	131,202	$	93,272	$	(6,568	)	$	602,919
Cost of goods sold	319,164		114,797		71,093		3,661			508,715
Depreciation and amortization	5,699		2,002		2,466		872			11,039
Selling, general, and administrative expense	20,439		3,221		6,699		12,393			42,752
Asset impairments	3,035		—		—		—			3,035
Litigation settlement, net	—		—		—		(21,933		)	(21,933		)
Operating income	36,676		11,182		13,014		(1,561		)	59,311
Interest expense										(5,379		)
Other income (expense), net										278
Income before income taxes										$	54,210

	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

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 28, 2020
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	302,129	$	—	$	—	$	302,129
Brass rod and forgings	—		99,670		—		99,670
OEM components, tube & assemblies	25,295		10,882		36,573		72,750
Valves and plumbing specialties	57,589		—		—		57,589
Other	—		20,650		56,699		77,349
	385,013		131,202		93,272		609,487
Intersegment sales							(6,568		)
Net sales							$	602,919

	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