| Schedule of Segment Reporting Information, by Segment |
The tables below present information that is provided to the chief operating decision maker of the Company as of December 31, 2021 and 2020 and for the years ended December 31, 2021, 2020 and 2019 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2021 |
| |
Manufacturing |
|
Distribution |
|
Total |
| Net outside sales |
$ |
2,930,466
|
|
|
$ |
1,147,626
|
|
|
$ |
4,078,092
|
|
| Intersegment sales |
71,641
|
|
|
7,028
|
|
|
78,669
|
|
| Total sales |
3,002,107
|
|
|
1,154,654
|
|
|
4,156,761
|
|
| Operating income |
379,885
|
|
|
106,241
|
|
|
486,126
|
|
| Total assets |
2,031,465
|
|
|
464,575
|
|
|
2,496,040
|
|
| Capital expenditures |
58,700
|
|
|
3,873
|
|
|
62,573
|
|
| Depreciation and amortization |
89,899
|
|
|
10,790
|
|
|
100,689
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2020 |
| |
Manufacturing |
|
Distribution |
|
Total |
| Net outside sales |
$ |
1,729,451 |
|
|
$ |
757,146 |
|
|
$ |
2,486,597 |
|
| Intersegment sales |
36,367 |
|
|
5,326 |
|
|
41,693 |
|
| Total sales |
1,765,818 |
|
|
762,472 |
|
|
2,528,290 |
|
| Operating income |
190,518 |
|
|
54,376 |
|
|
244,894 |
|
| Total assets |
1,337,920 |
|
|
343,170 |
|
|
1,681,090 |
|
| Capital expenditures |
30,588 |
|
|
788 |
|
|
31,376 |
|
| Depreciation and amortization |
61,407 |
|
|
8,527 |
|
|
69,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2019 |
| |
Manufacturing |
|
Distribution |
|
Total |
| Net outside sales |
$ |
1,642,263 |
|
|
$ |
694,819 |
|
|
$ |
2,337,082 |
|
| Intersegment sales |
31,223 |
|
|
4,340 |
|
|
35,563 |
|
| Total sales |
1,673,486 |
|
|
699,159 |
|
|
2,372,645 |
|
| Operating income |
174,913 |
|
|
38,953 |
|
|
213,866 |
|
| Capital expenditures |
25,291 |
|
|
1,973 |
|
|
27,264 |
|
| Depreciation and amortization |
52,036 |
|
|
7,534 |
|
|
59,570 |
|
|
| Reconciliation of Other Significant Reconciling Items From Segments |
A reconciliation of certain line items pertaining to the total reportable segments to the consolidated financial statements as of December 31, 2021 and 2020 and for the years ended December 31, 2021, 2020 and 2019 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2021 |
|
2020 |
|
2019 |
| Net sales: |
|
|
|
|
|
| Total sales for reportable segments |
$ |
4,156,761
|
|
|
$ |
2,528,290 |
|
|
$ |
2,372,645 |
|
| Elimination of intersegment sales |
(78,669) |
|
|
(41,693) |
|
|
(35,563) |
|
| Consolidated net sales |
$ |
4,078,092
|
|
|
$ |
2,486,597 |
|
|
$ |
2,337,082 |
|
|
|
|
|
|
|
| Operating income: |
|
|
|
|
|
| Operating income for reportable segments |
$ |
486,126
|
|
|
$ |
244,894 |
|
|
$ |
213,866 |
|
| Unallocated corporate expenses |
(78,085) |
|
|
(30,653) |
|
|
(23,516) |
|
| Amortization |
(56,329) |
|
|
(40,868) |
|
|
(35,908) |
|
| Consolidated operating income |
$ |
351,712
|
|
|
$ |
173,373 |
|
|
$ |
154,442 |
|
|
|
|
|
|
|
| Total assets: |
|
|
|
|
|
| Identifiable assets for reportable segments |
$ |
2,496,040
|
|
|
$ |
1,681,090 |
|
|
|
| Corporate assets unallocated to segments |
31,842
|
|
|
27,578 |
|
|
|
| Cash and cash equivalents |
122,849
|
|
|
44,767 |
|
|
|
| Consolidated total assets |
$ |
2,650,731
|
|
|
$ |
1,753,435 |
|
|
|
|
|
|
|
|
|
| Depreciation and amortization: |
|
|
|
|
|
| Depreciation and amortization for reportable segments |
$ |
100,689
|
|
|
$ |
69,934 |
|
|
$ |
59,570 |
|
| Corporate depreciation and amortization |
4,119
|
|
|
3,336 |
|
|
3,225 |
|
| Consolidated depreciation and amortization |
$ |
104,808
|
|
|
$ |
73,270 |
|
|
$ |
62,795 |
|
|
|
|
|
|
|
| Capital expenditures: |
|
|
|
|
|
| Capital expenditures for reportable segments |
$ |
62,573
|
|
|
$ |
31,376 |
|
|
$ |
27,264 |
|
| Corporate capital expenditures |
2,231
|
|
|
724 |
|
|
397 |
|
| Consolidated capital expenditures |
$ |
64,804
|
|
|
$ |
32,100 |
|
|
$ |
27,661 |
|
|