Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

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
	June 30, 2023		July 1, 2022		June 30, 2023		July 1, 2022
Net Sales
Contractor	$	255,648	$	265,739	$	501,619	$	500,331
Industrial	163,523		158,325		313,713		302,994
Process	140,473		124,483		273,958		239,507
Total	$	559,644	$	548,547	$	1,089,290	$	1,042,832
Operating Earnings
Contractor	$	68,868	$	68,244	$	142,640	$	127,191
Industrial	55,887		55,201		108,657		107,831
Process	43,620		31,057		84,185		58,545
Unallocated corporate (expense)	(11,323)		(5,822)		(21,762)		(16,524)
Total	$	157,052	$	148,680	$	313,720	$	277,043

Assets by segment were as follows (in thousands): 

	June 30, 2023		December 30, 2022
Contractor	$	769,654	$	752,729
Industrial	617,270		578,302
Process	583,002		564,539
Unallocated corporate	737,799		543,330
Total	$	2,707,725	$	2,438,900

Segment Reporting - Geographic

Geographic information follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30, 2023		July 1, 2022		June 30, 2023		July 1, 2022
Net Sales (based on customer location)
United States	$	301,953	$	296,009	$	590,942	$	551,091
Other countries	257,691		252,538		498,348		491,741
Total	$	559,644	$	548,547	$	1,089,290	$	1,042,832

	June 30, 2023		December 30, 2022
Long-lived Assets
United States	$	583,160	$	532,401
Other countries	96,880		75,208
Total	$	680,040	$	607,609