v3.26.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 28, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following tables summarize key financial information by segment:
Three Months Ended June 28, 2026
($ in thousands)ManufacturingDistribution
Total
Total net sales$806,923 $240,753 $1,047,676 
Cost of goods sold623,360 179,346 802,706 
Gross profit$183,563 $61,407 $244,970 
Operating expenses80,153 39,793 119,946 
  Operating income$103,410 $21,614 $125,024 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative27,792 
Amortization of intangible assets23,720 
Interest expense, net18,978 
Inter-segment elimination(3,523)
Consolidated income before income taxes$58,057 
Capital expenditures$17,412 $220 $17,632 
Depreciation and amortization$36,398 $4,592 $40,990 
Three Months Ended June 29, 2025
($ in thousands)
Manufacturing
Distribution
Total
Total net sales
$776,520 $277,488 $1,054,008 
Cost of goods sold
597,232 205,314 802,546 
Gross Profit
$179,288 $72,174 $251,462 
Operating expenses
76,165 39,756 115,921 
Operating income
$103,123 $32,418 $135,541 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative
24,305 
Amortization of intangible assets
24,515 
Interest expense, net
18,869 
Inter-segment elimination
(1)
Other expense24,420 
Consolidated income before income taxes
$43,433 
Capital expenditures$12,256 $8 $12,264 
Depreciation and amortization
$36,413 $4,559 $40,972 
Six Months Ended June 28, 2026
($ in thousands)ManufacturingDistribution
Total
Total net sales$1,586,941 $463,306 $2,050,247 
Cost of goods sold1,232,522 345,791 1,578,313 
Gross profit$354,419 $117,515 $471,934 
Operating expenses156,168 75,623 231,791 
  Operating income$198,251 $41,892 $240,143 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative55,010 
Amortization of intangible assets47,662 
Interest expense, net37,366 
Inter-segment eliminations(4,286)
Consolidated income before income taxes$104,391 
Capital expenditures$35,075 $483 $35,558 
Depreciation and amortization$72,687 $9,190 $81,877 
Six Months Ended June 29, 2025
($ in thousands)ManufacturingDistribution
Total
Total net sales$1,531,007 $531,574 $2,062,581 
Cost of goods sold1,182,328 397,699 1,580,027 
Gross profit$348,679 $133,875 $482,554 
Operating expenses147,435 76,457 223,892 
  Operating income$201,244 $57,418 $258,662 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative55,884 
Amortization of intangible assets48,976 
Interest expense, net37,981 
Inter-segment eliminations1,511 
Other expense24,420 
Consolidated income before income taxes$89,890 
Capital expenditures$29,821 $554 $30,375 
Depreciation and amortization$72,916 $9,131 $82,047 
Schedule of the Reconciliation of Segment Operations
A reconciliation of certain line items pertaining to the total reportable segments to the condensed consolidated financial statements for the three and six months ended June 28, 2026 and June 29, 2025, and as of June 28, 2026 and December 31, 2025 is as follows:
Three Months Ended
Six Months Ended
($ in thousands)June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Net sales:
Total sales for reportable segments$1,047,676 $1,054,008 $2,050,247 $2,062,581 
Elimination of inter-segment sales(5,972)(6,454)(11,371)(11,607)
Consolidated net sales$1,041,704 $1,047,554 $2,038,876 $2,050,974 
Depreciation and amortization:
Depreciation and amortization for reportable segments$40,990 $40,972 $81,877 $82,047 
Corporate depreciation and amortization2,023 1,637 3,913 3,208 
Consolidated depreciation and amortization$43,013 $42,609 $85,790 $85,255 
Capital expenditures:
Capital expenditures for reportable segments$17,632 $12,264 $35,558 $30,375 
Corporate capital expenditures— 6,011 1,000 8,071 
Consolidated capital expenditures$17,632 $18,275 $36,558 $38,446 

As of
($ in thousands)June 28, 2026December 31, 2025
Total assets:
Manufacturing segment assets$2,591,367 $2,476,411 
Distribution segment assets512,044 493,308 
Corporate assets unallocated to segments78,715 80,023 
Cash and cash equivalents29,160 26,432 
Consolidated total assets$3,211,286 $3,076,174