| 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 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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| Second Quarter Ended June 28, 2020 |
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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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$ |
292,574 |
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$ |
131,471 |
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$ |
424,045 |
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| Intersegment sales |
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5,114 |
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1,085 |
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6,199 |
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| Total sales |
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297,688 |
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132,556 |
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430,244 |
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| Operating income |
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22,410 |
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6,938 |
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29,348 |
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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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| Six Months Ended June 28, 2020 |
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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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$ |
711,840 |
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$ |
301,437 |
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$ |
1,013,277 |
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| Intersegment sales |
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12,687 |
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2,385 |
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15,072 |
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| Total sales |
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724,527 |
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303,822 |
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1,028,349 |
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| Operating income |
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68,114 |
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16,906 |
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85,020 |
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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 27, 2021 |
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June 28, 2020 |
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June 27, 2021 |
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June 28, 2020 |
| Operating income for reportable segments |
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$ |
130,629
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$ |
29,348 |
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$ |
230,233
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$ |
85,020 |
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| Unallocated corporate expenses |
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(21,332) |
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(7,464) |
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(40,549) |
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(14,256) |
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| Amortization |
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(14,031) |
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(9,778) |
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(25,937) |
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(19,379) |
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| Consolidated operating income |
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$ |
95,266
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$ |
12,106 |
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$ |
163,747
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$ |
51,385 |
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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 27, 2021 |
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December 31, 2020 |
| Manufacturing assets |
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$ |
1,723,928
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$ |
1,337,920 |
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| Distribution assets |
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419,551
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343,170 |
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| Assets for reportable segments |
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2,143,479
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1,681,090 |
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| Corporate assets unallocated to segments |
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22,826
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27,578 |
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| Cash and cash equivalents |
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58,402
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44,767 |
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| Consolidated total assets |
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$ |
2,224,707
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$ |
1,753,435 |
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