Schedule of Segment Reporting Information |
The tables below present information about the sales and operating income of those segments.
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Second Quarter Ended June 26, 2022 |
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(thousands) |
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Manufacturing |
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Distribution |
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Total |
Net outside sales |
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$ |
1,083,975
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$ |
391,718
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$ |
1,475,693
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Intersegment sales |
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24,969
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1,916
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26,885
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Total sales |
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1,108,944
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393,634
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1,502,578
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Operating income |
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180,685
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43,641
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224,326
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Second Quarter Ended June 27, 2021 |
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(thousands) |
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Manufacturing |
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Distribution |
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Total |
Net outside sales |
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$ |
729,041 |
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$ |
290,912 |
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$ |
1,019,953 |
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Intersegment sales |
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16,042 |
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1,517 |
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17,559 |
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Total sales |
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745,083 |
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292,429 |
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1,037,512 |
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Operating income |
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99,428 |
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31,201 |
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130,629 |
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Six Months Ended June 26, 2022 |
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(thousands) |
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Manufacturing |
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Distribution |
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Total |
Net outside sales |
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$ |
2,063,584
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$ |
754,284
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$ |
2,817,868
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Intersegment sales |
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43,945
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5,084
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49,029
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Total sales |
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2,107,529
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759,368
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2,866,897
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Operating income |
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351,229
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89,607
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440,836
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Six Months Ended June 27, 2021 |
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(thousands) |
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Manufacturing |
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Distribution |
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Total |
Net outside sales |
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$ |
1,329,797 |
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$ |
540,639 |
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$ |
1,870,436 |
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Intersegment sales |
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29,850 |
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2,920 |
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32,770 |
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Total sales |
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1,359,647 |
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543,559 |
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1,903,206 |
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Operating income |
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177,857 |
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52,376 |
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230,233 |
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Summary of the Reconciliation of Segment Operations |
The following table presents a reconciliation of segment operating income to consolidated operating income:
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Second Quarter Ended |
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Six Months Ended |
(thousands) |
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June 26, 2022 |
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June 27, 2021 |
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June 26, 2022 |
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June 27, 2021 |
Operating income for reportable segments |
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$ |
224,326
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$ |
130,629 |
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$ |
440,836
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$ |
230,233 |
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Unallocated corporate expenses |
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(31,754) |
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(21,332) |
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(69,648) |
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(40,549) |
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Amortization |
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(18,545) |
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(14,031) |
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(35,406) |
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(25,937) |
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Consolidated operating income |
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$ |
174,027
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$ |
95,266 |
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$ |
335,782
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$ |
163,747 |
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Summary of Reconciliation of Assets from Segment to Consolidated |
The following table presents an allocation of total assets to the reportable segments of the Company and a reconciliation to consolidated total assets:
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(thousands) |
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June 26, 2022 |
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December 31, 2021 |
Manufacturing assets |
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$ |
2,392,993
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$ |
2,031,465 |
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Distribution assets |
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522,227
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464,575 |
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Assets for reportable segments |
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2,915,220
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2,496,040 |
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Corporate assets unallocated to segments |
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32,586
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31,842 |
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Cash and cash equivalents |
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77,025
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122,849 |
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Consolidated total assets |
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$ |
3,024,831
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$ |
2,650,731 |
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