Segment Information (Tables)

3 Months Ended

Mar. 26, 2022

Segment Reporting [Abstract]

Summary of Segment Information

Summarized segment information is as follows:

	For the Quarter Ended March 26, 2022
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations		Total
Net sales	$	703,430	$	174,312	$	140,622	$	(8,362)	$	1,010,002
Cost of goods sold	514,187		145,710		93,957		(9,343)		744,511
Depreciation and amortization	5,400		1,944		2,352		1,145		10,841
Selling, general, and administrative expense	23,355		3,399		7,613		13,089		47,456
Gain on sale of assets	—		—		—		(5,507)		(5,507)
Operating income	160,488		23,259		36,700		(7,746)		212,701
Interest expense									(158)
Other income, net									780
Income before income taxes									$	213,323

	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

The following table presents total assets attributable to each segment:

(In thousands)	March 26, 2022		December 25, 2021
Segment assets:
Piping Systems	$	1,275,856	$	1,160,272
Industrial Metals	199,157		173,290
Climate	272,308		250,107
General Corporate	198,629		145,267
	$	1,945,950	$	1,728,936

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 26, 2022
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	571,510	$	—	$	—	$	571,510
Brass rod and forgings	—		136,533		—		136,533
OEM components, tube & assemblies	—		20,096		29,092		49,188
Valves and plumbing specialties	131,920		—		—		131,920
Flex duct and other HVAC components	—		—		111,530		111,530
Other	—		17,683		—		17,683
	703,430		174,312		140,622		1,018,364
Intersegment sales							(8,362)
Net sales							$	1,010,002

	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
Flex duct and other HVAC components	—		—		72,959		72,959
Other	—		22,557		—		22,557
	547,748		164,852		111,026		823,626
Intersegment sales							(5,478)
Net sales							$	818,148