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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

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Thirteen weeks ended

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Twenty-six weeks ended

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June 29,

    

July 1,

    

June 29,

    

July 1,

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​

2024

​

2023

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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

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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

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​

​

​

​

​

​

​

​

​

​

​

​

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

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​

Infrastructure

    

Agriculture

    

Intersegment

    

Consolidated

Geographical market:

​

​

  

 

​

  

 

​

  

 

​

  

North America

​

$

1,150,715

​

$

321,225

​

$

(9,152)

​

$

1,462,788

International

​

 

335,641

​

 

219,213

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(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

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Thirteen weeks ended July 1, 2023

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​

Infrastructure

    

Agriculture

    

Intersegment

    

Consolidated

Geographical market:

​

​

  

 

​

  

 

​

  

 

​

  

North America

​

$

587,313

​

$

140,981

​

$

(3,613)

​

$

724,681

International

​

 

183,282

​

 

138,952

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(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

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​

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​

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

​