Segment Information (Tables)

9 Months Ended

Sep. 25, 2020

Segment Reporting [Abstract]

Segment Reporting - Operations and Assets

Sales and operating earnings by segment were as follows (in thousands): 

	Three Months Ended				Nine Months Ended
	September 25, 2020		September 27, 2019		September 25, 2020		September 27, 2019
Net Sales
Industrial	$	172,805	$	175,016	$	464,776	$	552,623
Process	78,773		84,090		242,610		256,048
Contractor	187,738		141,449		472,389		425,082
Total	$	439,316	$	400,555	$	1,179,775	$	1,233,753
Operating Earnings
Industrial	$	60,776	$	57,023	$	148,010	$	186,654
Process	16,187		18,194		45,970		56,586
Contractor	54,841		34,005		124,580		100,598
Unallocated corporate (expense)	(6,532)		(5,823)		(23,741)		(23,551)
Impairment	(267)		—		(35,229)		—
Total	$	125,005	$	103,399	$	259,590	$	320,287

Assets by segment were as follows (in thousands): 

	September 25, 2020		December 27, 2019
Industrial	$	622,294	$	615,486
Process	398,770		387,216
Contractor	433,627		368,832
Unallocated corporate	539,304		320,676
Total	$	1,993,995	$	1,692,210

Segment Reporting - Geographic

Geographic information follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 25, 2020		September 27, 2019		September 25, 2020		September 27, 2019
Net Sales (based on customer location)
United States	$	247,197	$	214,468	$	651,229	$	638,918
Other countries	192,119		186,087		528,546		594,835
Total	$	439,316	$	400,555	$	1,179,775	$	1,233,753

	September 25, 2020		December 27, 2019
Long-lived Assets
United States	$	283,363	$	268,864
Other countries	48,905		56,682
Total	$	332,268	$	325,546