XML 38 R28.htm IDEA: XBRL DOCUMENT v3.24.2
BUSINESS SEGMENTS & RELATED REVENUE INFORMATION (Tables)
6 Months Ended
Jun. 29, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information of Sales and Operating Income

    

Thirteen weeks ended

Twenty-six weeks ended

June 29,

    

July 1,

    

June 29,

    

July 1,

2024

2023

2024

2023

SALES:

Infrastructure

$

762,742

$

770,595

$

1,486,356

$

1,506,701

Agriculture

 

281,703

 

279,933

 

540,438

 

612,096

Total sales

 

1,044,445

 

1,050,528

 

2,026,794

 

2,118,797

INTERSEGMENT SALES:

 

  

 

 

  

Infrastructure

 

(2,312)

 

(2,437)

 

(5,193)

 

(6,403)

Agriculture

 

(2,396)

 

(1,795)

 

(4,036)

 

(3,617)

Total intersegment sales

 

(4,708)

 

(4,232)

 

(9,229)

 

(10,020)

NET SALES:

 

  

 

  

 

  

 

  

Infrastructure

 

760,430

 

768,158

 

1,481,163

 

1,500,298

Agriculture

 

279,307

 

278,138

 

536,402

 

608,479

Total net sales

$

1,039,737

$

1,046,296

$

2,017,565

$

2,108,777

OPERATING INCOME (LOSS):

 

  

 

  

 

  

 

  

Infrastructure

$

133,581

$

115,950

$

251,445

$

210,302

Agriculture

 

39,971

 

49,251

 

80,944

 

102,574

Corporate

 

(26,244)

 

(31,468)

 

(53,528)

 

(60,677)

Total operating income

$

147,308

$

133,733

$

278,861

$

252,199

Schedule of breakdown by segment of revenue recognized

    

Thirteen weeks ended June 29, 2024

Infrastructure

    

Agriculture

Intersegment

    

Consolidated

Geographical market:

  

 

  

  

 

  

North America

$

582,143

$

161,310

$

(4,686)

$

738,767

International

 

180,599

 

120,393

 

(22)

 

300,970

Total sales

$

762,742

$

281,703

$

(4,708)

$

1,039,737

Product line:

 

  

 

  

 

  

 

  

Transmission, Distribution, and Substation

$

323,087

$

$

$

323,087

Lighting and Transportation

 

243,562

 

 

 

243,562

Coatings

 

91,574

 

 

(2,294)

 

89,280

Telecommunications

 

58,400

 

 

 

58,400

Solar

 

46,119

 

 

(18)

 

46,101

Irrigation Equipment and Parts

 

 

254,310

 

(2,396)

 

251,914

Technology Products and Services

 

 

27,393

 

 

27,393

Total sales

$

762,742

$

281,703

$

(4,708)

$

1,039,737

    

Twenty-six weeks ended June 29, 2024

Infrastructure

    

Agriculture

    

Intersegment

    

Consolidated

Geographical market:

  

 

  

 

  

 

  

North America

$

1,150,715

$

321,225

$

(9,152)

$

1,462,788

International

 

335,641

 

219,213

 

(77)

 

554,777

Total sales

$

1,486,356

$

540,438

$

(9,229)

$

2,017,565

Product line:

 

  

 

  

 

  

 

  

Transmission, Distribution, and Substation

$

648,343

$

$

$

648,343

Lighting and Transportation

 

465,658

 

 

 

465,658

Coatings

 

178,664

 

 

(5,120)

 

173,544

Telecommunications

 

112,361

 

 

 

112,361

Solar

 

81,330

 

 

(73)

 

81,257

Irrigation Equipment and Parts

 

 

487,430

 

(4,036)

 

483,394

Technology Products and Services

 

 

53,008

 

 

53,008

Total sales

$

1,486,356

$

540,438

$

(9,229)

$

2,017,565

    

Thirteen weeks ended July 1, 2023

Infrastructure

    

Agriculture

    

Intersegment

    

Consolidated

Geographical market:

  

 

  

 

  

 

  

North America

$

587,313

$

140,981

$

(3,613)

$

724,681

International

 

183,282

 

138,952

 

(619)

 

321,615

Total sales

$

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 sales

$

770,595

$

279,933

$

(4,232)

$

1,046,296

    

Twenty-six weeks ended July 1, 2023

Infrastructure

    

Agriculture

    

Intersegment

    

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 sales

$

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 sales

$

1,506,701

$

612,096

$

(10,020)

$

2,108,777

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

Thirteen weeks ended June 29, 2024

 

Twenty-six weeks ended June 29, 2024

    

Point in Time

Over Time

Total

 

Point in Time

Over Time

Total

Infrastructure

$

430,252

$

330,178

$

760,430

$

820,187

$

660,976

$

1,481,163

Agriculture

 

271,011

8,296

 

279,307

 

521,771

14,631

 

536,402

Total net sales

$

701,263

$

338,474

$

1,039,737

$

1,341,958

$

675,607

$

2,017,565

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 net sales

$

722,696

$

323,600

$

1,046,296

$

1,458,119

$

650,658

$

2,108,777