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Segments (Tables)
12 Months Ended
Jan. 02, 2021
Segment Reporting [Abstract]  
Summary of Financial Data Attributable to Operating Segments

 


 

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