Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

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 31, 2022
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	2,211,963	$	—	$	—	$	2,211,963
Brass rod and forgings	—		510,865		—		510,865
OEM components and valves	—		74,647		121,004		195,651
Valves and plumbing specialties	518,121		—		—		518,121
Flex duct and other HVAC components	—		—		529,303		529,303
Other	—		59,177		—		59,177
	$	2,730,084	$	644,689	$	650,307	$	4,025,080
Intersegment sales							(42,625)
Net sales							$	3,982,455

	For the Year Ended December 25, 2021
(In thousands)	Piping Systems		Industrial Metals		Climate		Total
Tube and fittings	$	2,055,639	$	—	$	—	$	2,055,639
Brass rod and forgings	—		565,870		—		565,870
OEM components, tube & assemblies	32,557		48,572		137,564		218,693
Valves and plumbing specialties	511,834		—		—		511,834
Flex duct and other HVAC components	—		—		357,850		357,850
Other	—		88,921		—		88,921
	$	2,600,030	$	703,363	$	495,414	$	3,798,807
Intersegment sales							(29,462)
Net sales							$	3,769,345

Disaggregation of revenue from contracts with customers (continued):

	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
Flex duct and other HVAC components	—		—		231,580		231,580
Other	—		73,485		—		73,485
	$	1,583,002	$	472,159	$	370,131	$	2,425,292
Intersegment sales							(27,249)
Net sales							$	2,398,043

Summary of Segment Information

Summarized segment information is as follows:

	For the Year Ended December 31, 2022
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations		Total
Net sales	$	2,730,084	$	644,689	$	650,307	$	(42,625)	$	3,982,455
Cost of goods sold	1,943,174		543,004		416,953		(38,269)		2,864,862
Depreciation and amortization	22,193		7,647		9,174		4,717		43,731
Selling, general, and administrative expense	93,655		11,574		36,113		61,744		203,086
Gain on sale of assets	—		—		—		(6,373)		(6,373)
Operating income	671,062		82,464		188,067		(64,444)		877,149
Interest expense									(810)
Pension plan termination expense									(13,100)
Environmental expense									(1,298)
Other income, net									14,090
Income before income taxes									$	876,031

Segment information (continued):

	For the Year Ended December 25, 2021
(In thousands)	Piping Systems		Industrial Metals		Climate		Corporate and Eliminations		Total
Net sales	$	2,600,030	$	703,363	$	495,414	$	(29,462)	$	3,769,345
Cost of goods sold	1,996,610		605,715		367,343		(30,679)		2,938,989
Depreciation and amortization	23,384		6,929		10,379		4,698		45,390
Selling, general, and administrative expense	93,749		11,698		29,327		49,278		184,052
Gain on sale of businesses	—		(6,454)		—		(51,306)		(57,760)
Impairment charges	—		—		2,829		—		2,829
Operating income	486,287		85,475		85,536		(1,453)		655,845
Interest expense									(7,709)
Redemption premium									(5,674)
Environmental expense									(5,053)
Other income, net									3,730
Income before income taxes									$	641,139

	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

Geographic Information

Summarized geographic information is as follows:

(In thousands)	2022		2021		2020
Net sales:
United States	$	2,965,053	$	2,791,571	$	1,765,810
United Kingdom	297,582		330,908		207,754
Canada	410,679		469,652		293,776
Asia and the Middle East	217,750		83,217		58,256
Mexico	91,391		93,997		72,447
	$	3,982,455	$	3,769,345	$	2,398,043

Long-lived assets:	2022		2021		2020
United States	$	266,571	$	272,903	$	289,508
United Kingdom	36,474		36,529		30,872
Canada	23,354		26,422		29,582
Asia and the Middle East	51,193		48,742		26,107
Mexico	2,358		966		503
	$	379,950	$	385,562	$	376,572

Segment Information by Assets

(In thousands)	2022		2021		2020
Expenditures for long-lived assets (including those resulting from business acquisitions):
Piping Systems	$	20,694	$	43,429	$	39,209
Industrial Metals	6,905		5,744		5,968
Climate	2,611		12,428		5,521
General Corporate	7,429		3,521		448
	$	37,639	$	65,122	$	51,146

Segment assets:
Piping Systems	$	1,088,940	$	1,160,272	$	977,937
Industrial Metals	160,702		173,290		152,683
Climate	279,940		250,107		258,668
General Corporate	712,817		145,267		139,280
	$	2,242,399	$	1,728,936	$	1,528,568