Segments

12 Months Ended

Jan. 02, 2021

Segment Reporting [Abstract]

Segments

20. 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 years ended December 28, 2019, and December 29, 2018, 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 years ended January 2, 2021, December 28, 2019, and December 29, 2018. Results of the Western segment in the year ended December 29, 2018 includes the results of WWS for its post-acquisition period from August 13, 2018. Results of the Southeast segment for the year ended January 2, 2021 includes the results of NewSouth for its post-acquisition period from February 1, 2020. Corporate overhead has been allocated to each segment using an allocation method we believe is reasonable. (in thousands):

	Year Ended
	January 2,			December 28,		December 29,
	2021			2019		2018
Net sales:
Southeast segment	$	752,432		$	606,631	$	648,792
Western segment		130,189			138,325		49,701
Total net sales	$	882,621		$	744,956	$	698,493
Income from operations:
Southeast segment	$	85,794		$	75,484	$	89,053
Western segment		11,144			8,572		3,505
Impairment of trade name		(8,000	)		—		—
Restructuring costs and charges		(4,227	)		—		—
Gains on sales of assets		—			—		2,551
Total income from operations		84,711			84,056		95,109
Interest expense, net		27,719			26,417		26,529
Debt extinguishment costs		-			1,512		3,375
Total income before income taxes	$	56,992		$	56,127	$	65,205