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BUSINESS SEGMENTS & RELATED REVENUE INFORMATION (Tables)
6 Months Ended
Jul. 01, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information of Sales and Operating Income

    

Thirteen weeks ended

Twenty-six weeks ended

July 1,

    

June 25,

    

July 1,

    

June 25,

2023

2022

2023

2022

SALES:

Infrastructure

$

770,595

$

739,518

$

1,506,701

$

1,401,590

Agriculture

 

279,933

 

377,765

 

612,096

 

684,345

Other

25,432

44,086

Total

 

1,050,528

 

1,142,715

 

2,118,797

 

2,130,021

INTERSEGMENT SALES:

 

  

 

 

  

Infrastructure

 

(2,437)

 

(4,200)

 

(6,403)

 

(7,301)

Agriculture

 

(1,795)

 

(2,983)

 

(3,617)

 

(6,368)

Total

 

(4,232)

 

(7,183)

 

(10,020)

 

(13,669)

NET SALES:

 

  

 

  

 

  

 

  

Infrastructure

 

768,158

 

735,318

 

1,500,298

 

1,394,289

Agriculture

 

278,138

 

374,782

 

608,479

 

677,977

Other

 

25,432

 

 

44,086

Total

$

1,046,296

$

1,135,532

$

2,108,777

$

2,116,352

OPERATING INCOME (LOSS):

 

  

 

  

 

  

 

  

Infrastructure

$

115,950

$

84,127

$

210,302

$

162,443

Agriculture

 

49,251

 

58,046

 

102,574

 

95,521

Other

 

516

 

 

(293)

Corporate

 

(31,468)

 

(23,970)

 

(60,677)

 

(44,110)

Total

$

133,733

$

118,719

$

252,199

$

213,561

Schedule of breakdown by segment of revenue recognized

    

Thirteen weeks ended July 1, 2023

Infrastructure

    

Agriculture

Intersegment Sales

    

Consolidated

Geographical market:

  

 

  

  

 

  

North America

$

587,313

$

140,981

$

(3,613)

$

724,681

International

 

183,282

 

138,952

 

(619)

 

321,615

Total

$

770,595

$

279,933

$

(4,232)

$

1,046,296

Product line:

 

  

 

  

 

  

 

  

Transmission, Distribution, and Substation

$

314,307

$

$

$

314,307

Lighting and Transportation

 

246,123

 

 

 

246,123

Coatings

 

91,120

 

 

(1,818)

 

89,302

Telecommunications

 

67,738

 

 

 

67,738

Solar

 

51,307

 

 

(619)

 

50,688

Irrigation Equipment and Parts

 

 

252,457

 

(1,795)

 

250,662

Technology Products and Services

 

 

27,476

 

 

27,476

Total

$

770,595

$

279,933

$

(4,232)

$

1,046,296

    

Twenty-six weeks ended July 1, 2023

Infrastructure

    

Agriculture

    

Intersegment Sales

    

Consolidated

Geographical market:

  

 

  

 

  

 

  

North America

$

1,171,396

$

323,850

$

(8,987)

$

1,486,259

International

 

335,305

 

288,246

 

(1,033)

 

622,518

Total

$

1,506,701

$

612,096

$

(10,020)

$

2,108,777

Product line:

 

  

 

  

 

  

 

  

Transmission, Distribution, and Substation

$

629,127

$

$

$

629,127

Lighting and Transportation

 

475,259

 

 

 

475,259

Coatings

 

181,234

 

 

(5,370)

 

175,864

Telecommunications

 

135,875

 

 

 

135,875

Solar

 

85,206

 

 

(1,033)

 

84,173

Irrigation Equipment and Parts

 

 

551,638

 

(3,617)

 

548,021

Technology Products and Services

 

 

60,458

 

 

60,458

Total

$

1,506,701

$

612,096

$

(10,020)

$

2,108,777

    

Thirteen weeks ended June 25, 2022

Infrastructure

    

Agriculture

    

Other

Intersegment Sales

    

Consolidated

Geographical market:

  

 

  

 

  

  

 

  

North America

$

559,864

$

203,488

$

$

(6,716)

$

756,636

International

 

179,654

 

174,277

 

25,432

 

(467)

 

378,896

Total

$

739,518

$

377,765

$

25,432

$

(7,183)

$

1,135,532

Product line:

 

  

 

  

 

  

 

  

 

  

Transmission, Distribution, and Substation

$

295,835

$

$

$

$

295,835

Lighting and Transportation

 

246,652

 

 

 

 

246,652

Coatings

 

90,321

 

 

 

(4,200)

 

86,121

Telecommunications

 

78,539

 

 

 

 

78,539

Solar

 

28,171

 

 

25,432

 

 

53,603

Irrigation Equipment and Parts

 

 

347,585

 

 

(2,983)

 

344,602

Technology Products and Services

 

 

30,180

 

 

 

30,180

Total

$

739,518

$

377,765

$

25,432

$

(7,183)

$

1,135,532

    

Twenty-six weeks ended June 25, 2022

Infrastructure

    

Agriculture

Other

    

Intersegment Sales

    

Consolidated

Geographical market:

  

 

  

  

 

  

 

  

North America

$

1,065,844

$

385,743

$

$

(13,202)

$

1,438,385

International

 

335,746

 

298,602

 

44,086

 

(467)

 

677,967

Total

$

1,401,590

$

684,345

$

44,086

$

(13,669)

$

2,116,352

Product line:

 

  

 

  

 

  

 

  

 

  

Transmission, Distribution, and Substation

$

577,435

$

$

$

$

577,435

Lighting and Transportation

 

459,419

 

 

 

 

459,419

Coatings

 

172,297

 

 

 

(7,301)

 

164,996

Telecommunications

 

139,935

 

 

 

 

139,935

Solar

 

52,504

 

 

44,086

 

 

96,590

Irrigation Equipment and Parts

 

 

625,619

 

 

(6,368)

 

619,251

Technology Products and Services

 

 

58,726

 

 

 

58,726

Total

$

1,401,590

$

684,345

$

44,086

$

(13,669)

$

2,116,352

Breakdown by segment of revenue recognized over time and at a point in time

Thirteen weeks ended July 1, 2023

 

Twenty-six weeks ended July 1, 2023

    

Point in Time

Over Time

Total

 

Point in Time

Over Time

Total

Infrastructure

$

451,885

$

316,273

$

768,158

$

863,102

$

637,196

$

1,500,298

Agriculture

 

270,811

7,327

 

278,138

 

595,017

13,462

 

608,479

Total

$

722,696

$

323,600

$

1,046,296

$

1,458,119

$

650,658

$

2,108,777

Thirteen weeks ended June 25, 2022

Twenty-six weeks ended June 25, 2022

Point in Time

    

Over Time

    

Total

Point in Time

    

Over Time

    

Total

Infrastructure

$

429,291

$

306,027

$

735,318

$

798,481

$

595,808

$

1,394,289

Agriculture

 

368,175

6,607

 

374,782

 

665,781

12,196

 

677,977

Other

25,432

 

25,432

44,086

 

44,086

Total

$

797,466

$

338,066

$

1,135,532

$

1,464,262

$

652,090

$

2,116,352