v3.22.2
SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 26, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The tables below present information about the sales and operating income of those segments. 
Second Quarter Ended June 26, 2022      
(thousands) Manufacturing Distribution Total
Net outside sales $ 1,083,975  $ 391,718  $ 1,475,693 
Intersegment sales 24,969  1,916  26,885 
Total sales 1,108,944  393,634  1,502,578 
Operating income 180,685  43,641  224,326 
Second Quarter Ended June 27, 2021      
(thousands) Manufacturing Distribution Total
Net outside sales $ 729,041  $ 290,912  $ 1,019,953 
Intersegment sales 16,042  1,517  17,559 
Total sales 745,083  292,429  1,037,512 
Operating income 99,428  31,201  130,629 
Six Months Ended June 26, 2022
(thousands) Manufacturing Distribution Total
Net outside sales $ 2,063,584  $ 754,284  $ 2,817,868 
Intersegment sales 43,945  5,084  49,029 
Total sales 2,107,529  759,368  2,866,897 
Operating income 351,229  89,607  440,836 
Six Months Ended June 27, 2021
(thousands) Manufacturing Distribution Total
Net outside sales $ 1,329,797  $ 540,639  $ 1,870,436 
Intersegment sales 29,850  2,920  32,770 
Total sales 1,359,647  543,559  1,903,206 
Operating income 177,857  52,376  230,233 
Summary of the Reconciliation of Segment Operations
The following table presents a reconciliation of segment operating income to consolidated operating income:
  Second Quarter Ended Six Months Ended
(thousands) June 26, 2022 June 27, 2021 June 26, 2022 June 27, 2021
Operating income for reportable segments $ 224,326  $ 130,629  $ 440,836  $ 230,233 
Unallocated corporate expenses (31,754) (21,332) (69,648) (40,549)
Amortization (18,545) (14,031) (35,406) (25,937)
Consolidated operating income $ 174,027  $ 95,266  $ 335,782  $ 163,747 
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) June 26, 2022 December 31, 2021
Manufacturing assets $ 2,392,993  $ 2,031,465 
Distribution assets 522,227  464,575 
Assets for reportable segments 2,915,220  2,496,040 
Corporate assets unallocated to segments 32,586  31,842 
Cash and cash equivalents 77,025  122,849 
Consolidated total assets $ 3,024,831  $ 2,650,731