Segment Information (Tables)

6 Months Ended

Apr. 30, 2022

Schedule of Segment Reporting Information, by Segment

Segment information for the three and six months ended April 30, 2022 and 2021, and total assets as of April 30, 2022 and October 31, 2021 are summarized in the following table (in thousands):


	NA Fenestration		EU Fenestration		NA Cabinet Comp.		Unallocated Corp. & Other		Total
Three Months Ended April 30, 2022
Net sales	$	177,908	$	73,427	$	72,878	$	(1,320)	$	322,893
Depreciation and amortization	4,038		2,522		3,917		86		10,563
Operating income (loss)	22,221		12,597		568		(836)		34,550
Capital expenditures	3,632		1,252		1,499		32		6,415
Three Months Ended April 30, 2021
Net sales	$	146,143	$	61,657	$	63,562	$	(1,005)	$	270,357
Depreciation and amortization	4,846		2,607		3,305		87		10,845
Operating income (loss)	15,783		10,250		(284)		(4,369)		21,380
Capital expenditures	2,001		1,268		1,160		124		4,553
Six Months Ended April 30, 2022
Net sales	$	324,539	$	132,341	$	135,231	$	(2,178)	$	589,933
Depreciation and amortization	8,177		5,091		7,380		172		20,820
Operating income (loss)	34,372		20,412		(885)		(5,223)		48,676
Capital expenditures	8,937		2,206		2,572		70		13,785
Six Months Ended April 30, 2021
Net sales	$	274,259	$	110,748	$	117,556	$	(2,059)	$	500,504
Depreciation and amortization	9,957		5,125		6,575		203		21,860
Operating income (loss)	26,986		18,437		(297)		(11,911)		33,215
Capital expenditures	4,821		1,740		3,113		125		9,799
As of April 30, 2022
Total assets	$	295,186	$	225,703	$	186,940	$	32,661	$	740,490
As of October 31, 2021
Total assets	$	268,773	$	236,755	$	178,671	$	33,124	$	717,323

Changes in the Carrying Amount of Goodwill

The change in the carrying amount of goodwill for the six months ended April 30, 2022 was as follows (in thousands):


	Six Months Ended
	April 30, 2022
Beginning balance as of November 1, 2021	$	149,205


Foreign currency translation adjustment	(5,937)
Balance as of the end of the period	$	143,268

The following table summarizes the change in the carrying amount of goodwill by reportable business segment for the six months ended April 30, 2022 (in thousands):


	NA Fenestration		EU Fenestration		NA Cabinet Comp.		Unallocated Corp. & Other		Total
Balance as of October 31, 2021	$	38,712	$	71,346	$	39,147	$	—	$	149,205


Foreign currency translation adjustment	—		(5,937)		—		—		(5,937)
Balance as of April 30, 2022	$	38,712	$	65,409	$	39,147	$	—	$	143,268

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

We did not allocate non-operating loss or income tax benefit to the reportable segments. The following table reconciles operating income as reported above to net income for the three and six months ended April 30, 2022 and 2021 (in thousands):


	Three Months Ended				Six Months Ended
	April 30,				April 30,
	2022		2021		2022		2021
Operating income	$	34,550	$	21,380	$	48,676	$	33,215
Interest expense	(602)		(640)		(1,125)		(1,391)
Other, net	453		265		507		457
Income tax expense	(7,879)		(6,454)		(10,297)		(9,878)
Net income	$	26,522	$	14,551	$	37,761	$	22,403