| Segment Reporting - Operations and Assets |
Segment information follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 26, 2026 | | June 27, 2025 | | June 26, 2026 | | June 27, 2025 | | Contractor | | | | | | | | | Net Sales | $ | 299,421 | | | $ | 288,959 | | | $ | 559,403 | | | $ | 543,991 | | | Cost of products sold | 145,817 | | | 149,539 | | | 279,460 | | | 281,422 | | | Gross Profit | 153,604 | | | 139,420 | | | 279,943 | | | 262,569 | | | Operating expenses | 62,443 | | | 63,931 | | | 126,547 | | | 125,150 | | | Contractor Operating Earnings | $ | 91,161 | | | $ | 75,489 | | | $ | 153,396 | | | $ | 137,419 | | | | | | | | | | | Industrial | | | | | | | | | Net Sales | $ | 249,237 | | | $ | 242,277 | | | $ | 489,649 | | | $ | 473,930 | | | Cost of products sold | 104,775 | | | 101,051 | | | 209,412 | | | 197,875 | | | Gross Profit | 144,462 | | | 141,226 | | | 280,237 | | | 276,055 | | | Operating expenses | 60,116 | | | 58,854 | | | 120,084 | | | 114,088 | | | Industrial Operating Earnings | $ | 84,346 | | | $ | 82,372 | | | $ | 160,153 | | | $ | 161,967 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Expansion Markets | | | | | | | | | Net Sales | $ | 41,894 | | | $ | 40,570 | | | $ | 81,644 | | | $ | 82,169 | | | Cost of products sold | 21,409 | | | 19,566 | | | 40,581 | | | 39,729 | | | Gross Profit | 20,485 | | | 21,004 | | | 41,063 | | | 42,440 | | | Operating expenses | 10,997 | | | 12,175 | | | 21,932 | | | 23,546 | | | Expansion Markets Operating Earnings | $ | 9,488 | | | $ | 8,829 | | | $ | 19,131 | | | $ | 18,894 | | | | | | | | | | | Reportable Segment Operating Earnings Total | $ | 184,995 | | | $ | 166,690 | | | $ | 332,680 | | | $ | 318,280 | | | Unallocated corporate expense | 9,902 | | | 9,206 | | | 19,811 | | | 16,783 | | | | | | | | | | | | | | | | | | | Operating Earnings | 175,093 | | | 157,484 | | | 312,869 | | | 301,497 | | | Interest expense | 835 | | | 655 | | | 1,671 | | | 1,368 | | | Other (income) expense, net | (7,196) | | | (1,379) | | | (10,345) | | | (9,553) | | | Earnings Before Income Taxes | $ | 181,454 | | | $ | 158,208 | | | $ | 321,543 | | | $ | 309,682 | |
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| Segment Reporting - Geographic |
Geographic information follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 26, 2026 | | June 27, 2025 | | June 26, 2026 | | June 27, 2025 | | Net Sales (based on customer location) | | | | | | | | United States | $ | 323,241 | | | $ | 305,027 | | | $ | 614,438 | | | $ | 587,584 | | Other countries | 267,311 | | | 266,779 | | | 516,258 | | | 512,506 | | Total | $ | 590,552 | | | $ | 571,806 | | | $ | 1,130,696 | | | $ | 1,100,090 | |
| | | | | | | | | | | | | | June 26, 2026 | | December 26, 2025 | Long-lived Assets | | | | United States | $ | 591,145 | | | $ | 600,011 | | Other countries | 157,360 | | | 155,053 | | Total | $ | 748,505 | | | $ | 755,064 | |
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