| Schedule of Segment Reporting Information |
The tables below present information about the sales and operating income of those segments.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Third Quarter Ended September 27, 2020 |
|
|
|
|
|
|
| (thousands) |
|
Manufacturing |
|
Distribution |
|
Total |
| Net outside sales |
|
$ |
494,274 |
|
|
$ |
206,433 |
|
|
$ |
700,707 |
|
| Intersegment sales |
|
12,004 |
|
|
1,640 |
|
|
13,644 |
|
| Total sales |
|
506,278 |
|
|
208,073 |
|
|
714,351 |
|
| Operating income |
|
63,312 |
|
|
16,444 |
|
|
79,756 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nine Months Ended September 27, 2020 |
|
|
|
|
|
|
| (thousands) |
|
Manufacturing |
|
Distribution |
|
Total |
| Net outside sales |
|
$ |
1,206,114 |
|
|
$ |
507,870 |
|
|
$ |
1,713,984 |
|
| Intersegment sales |
|
24,691 |
|
|
4,025 |
|
|
28,716 |
|
| Total sales |
|
1,230,805 |
|
|
511,895 |
|
|
1,742,700 |
|
| Operating income |
|
131,426 |
|
|
33,350 |
|
|
164,776 |
|
|
| 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 26, 2021 |
|
September 27, 2020 |
|
September 26, 2021 |
|
September 27, 2020 |
| Operating income for reportable segments |
|
$ |
122,557
|
|
|
$ |
79,756 |
|
|
$ |
352,790
|
|
|
$ |
164,776 |
|
| Unallocated corporate expenses |
|
(14,526) |
|
|
(9,706) |
|
|
(55,075) |
|
|
(23,962) |
|
| Amortization |
|
(14,758) |
|
|
(10,221) |
|
|
(40,695) |
|
|
(29,600) |
|
| Consolidated operating income |
|
$ |
93,273
|
|
|
$ |
59,829 |
|
|
$ |
257,020
|
|
|
$ |
111,214 |
|
|
| 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 26, 2021 |
|
December 31, 2020 |
| Manufacturing assets |
|
$ |
1,838,583
|
|
|
$ |
1,337,920 |
|
| Distribution assets |
|
453,839
|
|
|
343,170 |
|
| Assets for reportable segments |
|
2,292,422
|
|
|
1,681,090 |
|
| Corporate assets unallocated to segments |
|
21,154
|
|
|
27,578 |
|
| Cash and cash equivalents |
|
44,882
|
|
|
44,767 |
|
| Consolidated total assets |
|
$ |
2,358,458
|
|
|
$ |
1,753,435 |
|
|