| Segment Reporting - Operations and Assets |
Segment information follows (in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended | | | | | March 27, 2026 | | March 28, 2025 | | | | | | Contractor | | | | | | | | | Net Sales | $ | 259,981 | | | $ | 255,032 | | | | | | | Cost of products sold | 133,643 | | | 131,883 | | | | | | | Gross Profit | 126,338 | | | 123,149 | | | | | | | Operating expenses | 64,103 | | | 61,219 | | | | | | | Contractor Operating Earnings | $ | 62,235 | | | $ | 61,930 | | | | | | | | | | | | | | | Industrial | | | | | | | | | Net Sales | $ | 240,412 | | | $ | 231,653 | | | | | | | Cost of products sold | 104,637 | | | 96,824 | | | | | | | Gross Profit | 135,775 | | | 134,829 | | | | | | | Operating expenses | 59,968 | | | 55,234 | | | | | | | Industrial Operating Earnings | $ | 75,807 | | | $ | 79,595 | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | Expansion Markets | | | | | | | | | Net Sales | $ | 39,751 | | | $ | 41,599 | | | | | | | Cost of products sold | 19,172 | | | 20,163 | | | | | | | Gross Profit | 20,579 | | | 21,436 | | | | | | | Operating expenses | 10,935 | | | 11,371 | | | | | | | Expansion Markets Operating Earnings | $ | 9,644 | | | $ | 10,065 | | | | | | | | | | | | | | | Reportable Segment Operating Earnings Total | $ | 147,686 | | | $ | 151,590 | | | | | | | Unallocated corporate expense | 9,911 | | | 7,577 | | | | | | | | | | | | | | | | | | | | | | | Operating Earnings | 137,775 | | | 144,013 | | | | | | | Interest expense | 836 | | | 713 | | | | | | | Other (income) expense, net | (3,149) | | | (8,174) | | | | | | | Earnings Before Income Taxes | $ | 140,088 | | | $ | 151,474 | | | | | |
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| Segment Reporting - Geographic |
Geographic information follows (in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended | | | | | March 27, 2026 | | March 28, 2025 | | | | | | Net Sales (based on customer location) | | | | | | | | United States | $ | 291,197 | | | $ | 282,557 | | | | | | Other countries | 248,947 | | | 245,727 | | | | | | Total | $ | 540,144 | | | $ | 528,284 | | | | | |
| | | | | | | | | | | | | | March 27, 2026 | | December 26, 2025 | Long-lived Assets | | | | United States | $ | 592,718 | | | $ | 600,011 | | Other countries | 152,843 | | | 155,053 | | Total | $ | 745,561 | | | $ | 755,064 | |
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