Segment Information (Tables)

6 Months Ended

Jul. 01, 2022

Segment Reporting [Abstract]

Segment Reporting - Operations and Assets

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

	Three Months Ended				Six Months Ended
	July 1, 2022		June 25, 2021		July 1, 2022		June 25, 2021
Net Sales
Industrial	$	158,325	$	144,448	$	302,994	$	274,312
Process	124,483		97,232		239,507		188,605
Contractor	265,739		265,484		500,331		498,376
Total	$	548,547	$	507,164	$	1,042,832	$	961,293
Operating Earnings
Industrial	$	55,201	$	45,709	$	107,831	$	88,067
Process	31,057		21,676		58,545		43,409
Contractor	68,244		73,656		127,191		144,707
Unallocated corporate (expense)	(5,822)		(7,198)		(16,524)		(14,054)
Total	$	148,680	$	133,843	$	277,043	$	262,129

Assets by segment were as follows (in thousands): 

	July 1, 2022		December 31, 2021
Industrial	$	604,654	$	601,843
Process	517,098		436,203
Contractor	658,361		599,726
Unallocated corporate	624,165		805,426
Total	$	2,404,278	$	2,443,198

Segment Reporting - Geographic

Geographic information follows (in thousands):

	Three Months Ended				Six Months Ended
	July 1, 2022		June 25, 2021		July 1, 2022		June 25, 2021
Net Sales (based on customer location)
United States	$	296,009	$	263,722	$	551,091	$	495,223
Other countries	252,538		243,442		491,741		466,070
Total	$	548,547	$	507,164	$	1,042,832	$	961,293

	July 1, 2022		December 31, 2021
Long-lived Assets
United States	$	456,238	$	388,835
Other countries	59,918		62,226
Total	$	516,156	$	451,061