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BUSINESS SEGMENTS (Tables)
12 Months Ended
Dec. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information of Sales and Operating Income

 

Fiscal Year Ended

 

December 30,

    

December 31,

December 25,

2023

2022

2021

SALES:

Infrastructure

$

3,010,067

$

2,928,419

$

2,372,100

Agriculture

1,182,223

1,346,672

1,028,717

Other

100,219

123,001

Total sales

4,192,290

4,375,310

3,523,818

INTERSEGMENT SALES:

Infrastructure

(10,430)

(18,673)

(10,576)

Agriculture

(7,262)

(11,387)

(11,667)

Total intersegment sales

(17,692)

(30,060)

(22,243)

NET SALES:

Infrastructure

2,999,637

2,909,746

2,361,524

Agriculture

1,174,961

1,335,285

1,017,050

Other

100,219

123,001

Total net sales

$

4,174,598

$

4,345,250

$

3,501,575

OPERATING INCOME (LOSS):

Infrastructure

396,253

354,499

273,598

Agriculture

16,850

179,263

137,027

Other

2,259

(40,192)

Corporate

(121,546)

(102,772)

(83,648)

Total operating income

$

291,557

$

433,249

$

286,785

    

Fiscal year ended December 30, 2023

Infrastructure

    

Agriculture

    

Intersegment

    

Consolidated

Geographical market:

  

 

  

 

  

 

  

North America

$

2,318,801

$

587,056

$

(16,282)

$

2,889,575

International

 

691,266

 

595,167

 

(1,410)

 

1,285,023

Total sales

$

3,010,067

$

1,182,223

$

(17,692)

$

4,174,598

Product line:

 

  

 

  

 

  

 

  

Transmission, Distribution, and Substation

$

1,243,768

$

$

$

1,243,768

Lighting and Transportation

 

964,072

 

 

 

964,072

Coatings

 

354,330

 

 

(9,020)

 

345,310

Telecommunications

 

252,165

 

 

 

252,165

Solar

 

195,732

 

 

(1,410)

 

194,322

Irrigation Equipment and Parts

 

 

1,069,425

 

(7,262)

 

1,062,163

Technology Products and Services

 

 

112,798

 

 

112,798

Total sales

$

3,010,067

$

1,182,223

$

(17,692)

$

4,174,598

    

Fiscal year ended December 31, 2022

Infrastructure

    

Agriculture

Other

    

Intersegment

    

Consolidated

Geographical market:

  

 

  

  

 

  

 

  

North America

$

2,234,339

$

766,929

$

$

(26,248)

$

2,975,020

International

 

694,080

 

579,743

 

100,219

 

(3,812)

 

1,370,230

Total sales

$

2,928,419

$

1,346,672

$

100,219

$

(30,060)

$

4,345,250

Product line:

 

  

 

  

 

  

 

  

 

  

Transmission, Distribution, and Substation

$

1,184,660

$

$

$

$

1,184,660

Lighting and Transportation

 

940,462

 

 

 

 

940,462

Coatings

 

356,707

 

 

 

(15,327)

 

341,380

Telecommunications

 

320,342

 

 

 

 

320,342

Solar

 

126,248

 

 

 

(3,346)

 

122,902

Irrigation Equipment and Parts

 

 

1,231,587

 

 

(11,387)

 

1,220,200

Technology Products and Services

 

 

115,085

 

 

 

115,085

Other

 

 

100,219

 

 

100,219

Total sales

$

2,928,419

$

1,346,672

$

100,219

$

(30,060)

$

4,345,250

    

Fiscal year ended December 25, 2021

Infrastructure

    

Agriculture

Other

    

Intersegment

    

Consolidated

Geographical market:

  

 

  

  

 

  

 

  

North America

$

1,724,531

$

545,574

$

$

(22,243)

$

2,247,862

International

 

647,569

 

483,143

 

123,001

 

 

1,253,713

Total sales

$

2,372,100

$

1,028,717

$

123,001

$

(22,243)

$

3,501,575

Product line:

 

  

 

  

 

  

 

  

 

  

Transmission, Distribution, and Substation

$

935,099

$

$

$

$

935,099

Lighting and Transportation

 

825,923

 

 

 

 

825,923

Coatings

 

309,647

 

 

 

(10,575)

 

299,072

Telecommunications

 

238,527

 

 

 

 

238,527

Solar

 

62,904

 

 

 

 

62,904

Irrigation Equipment and Parts

 

 

930,858

 

 

(11,668)

 

919,190

Technology Products and Services

 

 

97,859

 

 

 

97,859

Other

 

 

123,001

 

 

123,001

Total sales

$

2,372,100

$

1,028,717

$

123,001

$

(22,243)

$

3,501,575

    

Fiscal Year Ended

December 30,

December 31,

December 25,

2023

    

2022

    

2021

EARNINGS BEFORE INCOME TAXES AND EQUITY IN LOSS OF NONCONSOLIDATED SUBSIDIARIES:

Infrastructure

$

396,253

$

354,499

$

273,598

Agriculture

 

16,850

 

179,263

 

137,027

Other

2,259

(40,192)

Corporate

 

(121,546)

 

(102,772)

 

(83,648)

Total operating income

 

291,557

 

433,249

 

286,785

Interest expense, net

 

(50,578)

 

(45,519)

 

(41,420)

Other income (expenses)

 

(4,527)

 

(23,842)

 

14,718

Earnings before income taxes and equity in loss of nonconsolidated subsidiaries

$

236,452

$

363,888

$

260,083

    

December 30,

December 31,

December 25,

2023

    

2022

    

2021

ASSETS:

 

  

 

  

 

  

Infrastructure

$

2,249,132

$

2,267,800

$

2,102,851

Agriculture

 

978,590

 

1,112,588

 

1,027,272

Other

67,592

Corporate

 

249,726

 

176,608

 

249,534

Total assets

$

3,477,448

$

3,556,996

$

3,447,249

    

Fiscal Year Ended

December 30,

December 31,

December 25,

2023

    

2022

    

2021

CAPITAL EXPENDITURES:

Infrastructure

 

$

68,295

 

$

53,228

 

$

72,129

Agriculture

 

10,890

 

32,886

 

17,509

Other

345

Corporate

 

17,586

 

7,174

 

17,807

Total capital expenditures

$

96,771

$

93,288

$

107,790

    

Fiscal Year Ended

December 30,

December 31,

December 25,

2023

    

2022

    

2021

DEPRECIATION AND AMORTIZATION:

Infrastructure

$

64,654

$

62,398

$

59,748

Agriculture

 

23,409

 

23,681

 

17,813

Other

1,393

5,988

Corporate

 

10,645

 

9,695

 

9,028

Total depreciation and amortization expense

$

98,708

$

97,167

$

92,577

Summary by Geographical Area by Location

    

Fiscal Year Ended

December 30,

December 31,

December 25,

2023

    

2022

    

2021

NET SALES:

United States

$

2,860,951

$

2,965,673

$

2,260,198

Australia

 

313,075

 

292,072

 

297,720

Brazil

 

311,367

 

354,497

 

200,402

Denmark

 

 

100,219

 

123,001

Other

 

689,205

 

632,789

 

620,254

Total net sales

$

4,174,598

$

4,345,250

$

3,501,575

    

December 30,

December 31,

December 25,

2023

    

2022

    

2021

LONG-LIVED ASSETS:

 

  

 

  

 

  

United States

$

1,116,962

$

1,246,956

$

1,172,552

Australia

 

103,847

 

82,290

 

173,240

Brazil

 

60,937

 

42,259

 

28,583

Denmark

 

 

 

21,232

Other

 

408,073

 

404,906

 

338,879

Total long-lived assets

$

1,689,819

$

1,776,411

$

1,734,486