Segment Information (Tables)

12 Months Ended

Dec. 26, 2020

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 26, 2020
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	1,232,724	$	—	$	—	$	1,232,724
Brass rod and forgings	—		356,547		—		356,547
OEM components, tube & assemblies	56,176		42,127		138,551		236,854
Valves and plumbing specialties	294,102		—		—		294,102
Other	—		73,485		231,580		305,065
	$	1,583,002	$	472,159	$	370,131	$	2,425,292
Intersegment sales							(27,249)
Net sales							$	2,398,043

	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

Disaggregation of revenue from contracts with customers (continued):

	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

Summary of segment information

Summarized segment information is as follows:

	For the Year Ended December 26, 2020
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations		Total
Net sales	$	1,583,002	$	472,159	$	370,131	$	(27,249)	$	2,398,043
Cost of goods sold	1,311,697		398,000		276,274		(19,810)		1,966,161
Depreciation and amortization	23,071		7,528		10,249		3,995		44,843
Selling, general, and administrative expense	78,744		12,566		26,806		41,367		159,483
Litigation settlement, net	—		—		—		(22,053)		(22,053)
Impairment charges	3,771		—		—		—		3,771
Operating income	165,719		54,065		56,802		(30,748)		245,838
Interest expense									(19,247)
Pension plan termination expense									(17,835)
Environmental expense									(4,454)
Other income, net									4,887
Income before income taxes									$	209,189

Segment information (continued):

	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 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

Geographic information

Summarized geographic information is as follows:

(In thousands)	2020		2019		2018
Net sales:
United States	$	1,765,810	$	1,775,321	$	1,820,857
United Kingdom	207,754		230,791		245,458
Canada	293,776		285,720		292,798
Asia	58,256		64,363		59,730
Mexico	72,447		74,421		89,035
	$	2,398,043	$	2,430,616	$	2,507,878

(In thousands)	2020		2019		2018
Long-lived assets:
United States	$	289,508	$	286,727	$	295,735
United Kingdom	30,872		18,776		16,313
Canada	29,582		31,429		33,144
Asia	26,107		25,637		24,930
Mexico	503		559		511
	$	376,572	$	363,128	$	370,633

Segment information by assets

(In thousands)	2020		2019		2018
Expenditures for long-lived assets (including those resulting from business acquisitions):
Piping Systems	$	39,209	$	15,505	$	31,362
Industrial Metals	5,968		9,101		8,066
Climate	5,521		3,845		85,471
General Corporate	448		2,711		37
	$	51,146	$	31,162	$	124,936

Segment assets:
Piping Systems	$	977,937	$	796,262	$	818,303
Industrial Metals	152,683		161,904		173,725
Climate	258,668		249,853		246,851
General Corporate	139,280		162,921		130,670
	$	1,528,568	$	1,370,940	$	1,369,549