v3.22.2.2
SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 25, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The tables below present information about the sales and operating income of those segments. 
Third Quarter Ended September 25, 2022      
(thousands) Manufacturing Distribution Total
Net outside sales $ 828,410  $ 283,679  $ 1,112,089 
Intersegment sales 18,481  2,859  21,340 
Total sales 846,891  286,538  1,133,429 
Operating income 109,462  27,228  136,690 
Third Quarter Ended September 26, 2021      
(thousands) Manufacturing Distribution Total
Net outside sales $ 772,235  $ 287,942  $ 1,060,177 
Intersegment sales 20,064  1,880  21,944 
Total sales 792,299  289,822  1,082,121 
Operating income 91,370  31,187  122,557 
Nine Months Ended September 25, 2022
(thousands) Manufacturing Distribution Total
Net outside sales $ 2,891,994  $ 1,037,963  $ 3,929,957 
Intersegment sales 62,426  7,943  70,369 
Total sales 2,954,420  1,045,906  4,000,326 
Operating income 460,691  116,835  577,526 
Nine Months Ended September 26, 2021
(thousands) Manufacturing Distribution Total
Net outside sales $ 2,102,032  $ 828,581  $ 2,930,613 
Intersegment sales 49,914  4,800  54,714 
Total sales 2,151,946  833,381  2,985,327 
Operating income 269,227  83,563  352,790 
Summary of the Reconciliation of Segment Operations
The following table presents a reconciliation of segment operating income to consolidated operating income:
  Third Quarter Ended Nine Months Ended
(thousands) September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021
Operating income for reportable segments $ 136,690  $ 122,557  $ 577,526  $ 352,790 
Unallocated corporate expenses (25,160) (14,526) (94,808) (55,075)
Amortization (18,769) (14,758) (54,175) (40,695)
Consolidated operating income $ 92,761  $ 93,273  $ 428,543  $ 257,020 
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:
(thousands) September 25, 2022 December 31, 2021
Manufacturing assets $ 2,322,617  $ 2,031,465 
Distribution assets 494,545  464,575 
Assets for reportable segments 2,817,162  2,496,040 
Corporate assets unallocated to segments 26,219  31,842 
Cash and cash equivalents 53,269  122,849 
Consolidated total assets $ 2,896,650  $ 2,650,731