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