| 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 28, 2020 |
|
|
|
|
|
|
|
|
(thousands) |
|
Manufacturing |
|
Distribution |
|
Total |
Net outside sales |
|
$ |
292,574 |
|
|
$ |
131,471 |
|
|
$ |
424,045 |
|
Intersegment sales |
|
5,114 |
|
|
1,085 |
|
|
6,199 |
|
Total sales |
|
297,688 |
|
|
132,556 |
|
|
430,244 |
|
Operating income |
|
22,410 |
|
|
6,938 |
|
|
29,348 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Second Quarter Ended June 30, 2019 |
|
|
|
|
|
|
(thousands) |
|
Manufacturing |
|
Distribution |
|
Total |
Net outside sales |
|
$ |
434,275 |
|
|
$ |
178,943 |
|
|
$ |
613,218 |
|
Intersegment sales |
|
8,331 |
|
|
1,118 |
|
|
9,449 |
|
Total sales |
|
442,606 |
|
|
180,061 |
|
|
622,667 |
|
Operating income |
|
48,787 |
|
|
10,800 |
|
|
59,587 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 28, 2020 |
|
|
|
|
|
|
(thousands) |
|
Manufacturing |
|
Distribution |
|
Total |
Net outside sales |
|
$ |
711,840 |
|
|
$ |
301,437 |
|
|
$ |
1,013,277 |
|
Intersegment sales |
|
12,687 |
|
|
2,385 |
|
|
15,072 |
|
Total sales |
|
724,527 |
|
|
303,822 |
|
|
1,028,349 |
|
Operating income |
|
68,114 |
|
|
16,906 |
|
|
85,020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2019 |
|
|
|
|
|
|
(thousands) |
|
Manufacturing |
|
Distribution |
|
Total |
Net outside sales |
|
$ |
859,959 |
|
|
$ |
361,477 |
|
|
$ |
1,221,436 |
|
Intersegment sales |
|
16,051 |
|
|
2,283 |
|
|
18,334 |
|
Total sales |
|
876,010 |
|
|
363,760 |
|
|
1,239,770 |
|
Operating income |
|
93,224 |
|
|
19,091 |
|
|
112,315 |
|
|
| 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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|
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|
|
|
|
|
|
|
|
|
Second Quarter Ended |
|
Six Months Ended |
(thousands) |
|
June 28, 2020 |
|
June 30, 2019 |
|
June 28, 2020 |
|
June 30, 2019 |
Operating income for reportable segments |
|
$ |
29,348 |
|
|
$ |
59,587 |
|
|
$ |
85,020 |
|
|
$ |
112,315 |
|
Unallocated corporate expenses |
|
(7,464 |
) |
|
(6,090 |
) |
|
(14,256 |
) |
|
(14,003 |
) |
Amortization |
|
(9,778 |
) |
|
(8,268 |
) |
|
(19,379 |
) |
|
(17,257 |
) |
Consolidated operating income |
|
$ |
12,106 |
|
|
$ |
45,229 |
|
|
$ |
51,385 |
|
|
$ |
81,055 |
|
|