Segment Information (Tables)

3 Months Ended

Mar. 27, 2021

Segment Reporting [Abstract]

Summary of Segment Information

Summarized segment information is as follows:

	For the Quarter Ended March 27, 2021
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations		Total
Net sales	$	547,748	$	164,852	$	111,026	$	(5,478)	$	818,148
Cost of goods sold	450,354		140,891		84,082		(6,909)		668,418
Depreciation and amortization	6,210		1,743		2,629		1,173		11,755
Selling, general, and administrative expense	24,086		3,371		6,980		10,998		45,435
Operating income	67,098		18,847		17,335		(10,740)		92,540
Interest expense									(4,469)
Other income, net									577
Income before income taxes									$	88,648

Segment information (continued):

	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, net									278
Income before income taxes									$	54,210

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 27, 2021
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	426,139	$	—	$	—	$	426,139
Brass rod and forgings	—		131,262		—		131,262
OEM components, tube & assemblies	8,555		11,033		38,067		57,655
Valves and plumbing specialties	113,054		—		—		113,054
Other	—		22,557		72,959		95,516
	547,748		164,852		111,026		823,626
Intersegment sales							(5,478)
Net sales							$	818,148

Disaggregation of revenue from contracts with customers (continued):

	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