| Segment Reporting - Operations and Assets |
Segment information follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 25, 2026 | | September 26, 2025 | | September 25, 2026 | | September 26, 2025 | | Contractor | | | | | | | | | Net Sales | $ | 276,032 | | | $ | 262,428 | | | $ | 835,436 | | | $ | 806,419 | | | Cost of products sold | 142,441 | | | 134,398 | | | 421,901 | | | 415,820 | | | Gross Profit | 133,591 | | | 128,030 | | | 413,535 | | | 390,599 | | | Operating expenses | 62,354 | | | 60,157 | | | 188,902 | | | 185,307 | | | Contractor Operating Earnings | $ | 71,237 | | | $ | 67,873 | | | $ | 224,633 | | | $ | 205,292 | | | | | | | | | | | Industrial | | | | | | | | | Net Sales | $ | 264,623 | | | $ | 238,591 | | | $ | 754,272 | | | $ | 712,521 | | | Cost of products sold | 123,428 | | | 98,121 | | | 332,840 | | | 295,996 | | | Gross Profit | 141,195 | | | 140,470 | | | 421,432 | | | 416,525 | | | Operating expenses | 66,743 | | | 59,737 | | | 186,827 | | | 173,825 | | | Industrial Operating Earnings | $ | 74,452 | | | $ | 80,733 | | | $ | 234,605 | | | $ | 242,700 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Expansion Markets | | | | | | | | | Net Sales | $ | 45,730 | | | $ | 42,339 | | | $ | 127,373 | | | $ | 124,508 | | | Cost of products sold | 22,621 | | | 20,139 | | | 63,202 | | | 59,868 | | | Gross Profit | 23,109 | | | 22,200 | | | 64,171 | | | 64,640 | | | Operating expenses | 12,167 | | | 11,811 | | | 34,099 | | | 35,357 | | | Expansion Markets Operating Earnings | $ | 10,942 | | | $ | 10,389 | | | $ | 30,072 | | | $ | 29,283 | | | | | | | | | | | Reportable Segment Operating Earnings Total | $ | 156,631 | | | $ | 158,995 | | | $ | 489,310 | | | $ | 477,275 | | | Unallocated corporate expense | 8,514 | | | 8,335 | | | 28,324 | | | 25,118 | | | Contingent consideration | — | | | (14,061) | | | — | | | (14,061) | | | | | | | | | | | Operating Earnings | 148,117 | | | 164,721 | | | 460,986 | | | 466,218 | | | Interest expense | 793 | | | 711 | | | 2,464 | | | 2,079 | | | Other income, net | (5,062) | | | (4,450) | | | (15,407) | | | (14,003) | | | Earnings Before Income Taxes | $ | 152,386 | | | $ | 168,460 | | | $ | 473,929 | | | $ | 478,142 | |
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| Segment Reporting - Geographic |
Geographic information follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 25, 2026 | | September 26, 2025 | | September 25, 2026 | | September 26, 2025 | | Net Sales (based on customer location) | | | | | | | | United States | $ | 307,924 | | | $ | 293,517 | | | $ | 922,362 | | | $ | 881,101 | | Other countries | 278,461 | | | 249,841 | | | 794,719 | | | 762,347 | | Total | $ | 586,385 | | | $ | 543,358 | | | $ | 1,717,081 | | | $ | 1,643,448 | |
| | | | | | | | | | | | | September 25, 2026 | | December 26, 2025 | Long-lived Assets | | | | United States | $ | 605,487 | | | $ | 600,011 | | Other countries | 164,097 | | | 155,053 | | Total | $ | 769,584 | | | $ | 755,064 | |
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