Segments

9 Months Ended

Oct. 03, 2020

Segment Reporting [Abstract]

Segments

NOTE 16. SEGMENTS

We have two reportable segments: the Southeast segment, and the Western segment. The Southeast reporting segment, which is also an operating segment, is composed of sales from our facilities in Florida. The Western reporting segment, also an operating segment, is composed of sales from our facility in Arizona. Beginning in 2020, sales into certain states have been reclassified between segments. As such, segment sales amounts for the three and nine months ended September 28, 2019, along with the related income from operations, have been revised to conform to the 2020 presentation.

Centralized financial and operational oversight, including resource allocation and assessment of performance on an income (loss) from operations basis, is performed by our CEO, whom we have determined to be our chief operating decision maker (“CODM”), with oversight by the Board of Directors. Total asset information by segment is not included herein as asset information by segment is not presented to or reviewed by the CODM.

The following table represents summary financial data attributable to our operating segments for the three and nine months ended October 3, 2020, and September 28, 2019. Results of the Western segment are composed of the results of WWS (in thousands):

	Three Months Ended					Nine Months Ended
	October 3,			September 28,		October 3,			September 28,
	2020			2019		2020			2019
Net sales:
Southeast segment	$	203,741		$	161,892	$	560,241		$	465,051
Western segment		34,292			35,931		100,779			105,079
Total net sales	$	238,033		$	197,823	$	661,020		$	570,130
Income (loss) from operations:
Southeast segment	$	25,739		$	22,410	$	70,277		$	62,892
Western segment		4,538			3,021		7,401			8,709
Impairment of trade name (1)		—			—		(8,000	)		—
Restructuring costs and charges (2)		(321	)		—		(4,227	)		—
Total income from operations		29,956			25,431		65,451			71,601
Interest expense, net		6,954			6,452		20,979			19,922
Total income before income taxes	$	23,002		$	18,979	$	44,472		$	51,679

(1) For the nine months ended October 3, 2020, the impairment of $8.0 million relates to WWS trade name.

(2) For the nine months ended October 3, 2020, the restructuring costs and charges of $4.2 million relates to Southeast segment, including an adjustment of $321 thousand uncured and disbursed in the three months ended October 3, 2020.