| Schedule of segment reporting information |
The tables below present information about the sales and operating income of those segments.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third Quarter Ended September 29, 2019 |
|
|
|
|
|
|
|
|
(thousands) |
|
Manufacturing |
|
Distribution |
|
Total |
Net outside sales |
|
$ |
399,712 |
|
|
$ |
166,474 |
|
|
$ |
566,186 |
|
Intersegment sales |
|
8,102 |
|
|
1,078 |
|
|
9,180 |
|
Total sales |
|
407,814 |
|
|
167,552 |
|
|
575,366 |
|
Operating income |
|
42,353 |
|
|
9,041 |
|
|
51,394 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third Quarter Ended September 30, 2018 |
|
|
|
|
|
|
(thousands) |
|
Manufacturing |
|
Distribution |
|
Total |
Net outside sales |
|
$ |
445,214 |
|
|
$ |
129,925 |
|
|
$ |
575,139 |
|
Intersegment sales |
|
8,182 |
|
|
1,097 |
|
|
9,279 |
|
Total sales |
|
453,396 |
|
|
131,022 |
|
|
584,418 |
|
Operating income |
|
54,887 |
|
|
7,606 |
|
|
62,493 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 29, 2019 |
|
|
|
|
|
|
|
|
(thousands) |
|
Manufacturing |
|
Distribution |
|
Total |
Net outside sales |
|
$ |
1,259,671 |
|
|
$ |
527,951 |
|
|
$ |
1,787,622 |
|
Intersegment sales |
|
24,153 |
|
|
3,361 |
|
|
27,514 |
|
Total sales |
|
1,283,824 |
|
|
531,312 |
|
|
1,815,136 |
|
Operating income |
|
135,577 |
|
|
28,132 |
|
|
163,709 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2018 |
|
|
|
|
|
|
(thousands) |
|
Manufacturing |
|
Distribution |
|
Total |
Net outside sales |
|
$ |
1,344,088 |
|
|
$ |
387,762 |
|
|
$ |
1,731,850 |
|
Intersegment sales |
|
27,464 |
|
|
2,840 |
|
|
30,304 |
|
Total sales |
|
1,371,552 |
|
|
390,602 |
|
|
1,762,154 |
|
Operating income |
|
172,799 |
|
|
25,092 |
|
|
197,891 |
|
|
| 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 29, 2019 |
|
September 30, 2018 |
|
September 29, 2019 |
|
September 30, 2018 |
Operating income for reportable segments |
|
$ |
51,394 |
|
|
$ |
62,493 |
|
|
$ |
163,709 |
|
|
$ |
197,891 |
|
Unallocated corporate expenses |
|
(4,793 |
) |
|
(8,911 |
) |
|
(18,796 |
) |
|
(33,229 |
) |
Amortization |
|
(9,191 |
) |
|
(8,873 |
) |
|
(26,448 |
) |
|
(25,140 |
) |
Consolidated operating income |
|
$ |
37,410 |
|
|
$ |
44,709 |
|
|
$ |
118,465 |
|
|
$ |
139,522 |
|
|