Segment Information (Tables)

9 Months Ended

Jul. 31, 2022

Schedule of Segment Reporting Information, by Segment

Segment information for the three and nine months ended July 31, 2022 and 2021, and total assets as of July 31, 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 July 31, 2022
Net sales	$	184,744	$	67,613	$	72,480	$	(800)	$	324,037
Depreciation and amortization	4,044		2,327		3,273		90		9,734
Operating income (loss)	23,086		9,818		2,329		(1,198)		34,035
Capital expenditures	4,166		621		916		—		5,703
Three Months Ended July 31, 2021
Net sales	$	147,818	$	71,114	$	61,936	$	(991)	$	279,877
Depreciation and amortization	4,571		2,646		3,390		76		10,683
Operating income (loss)	13,302		11,464		(918)		(2,286)		21,562
Capital expenditures	2,651		2,285		1,115		156		6,207
Nine Months Ended July 31, 2022
Net sales	$	509,283	$	199,954	$	207,711	$	(2,978)	$	913,970
Depreciation and amortization	12,221		7,418		10,653		262		30,554
Operating income (loss)	57,458		30,229		1,444		(6,420)		82,711
Capital expenditures	13,103		2,827		3,488		70		19,488
Nine Months Ended July 31, 2021
Net sales	$	422,077	$	181,862	$	179,492	$	(3,050)	$	780,381
Depreciation and amortization	14,528		7,771		9,965		279		32,543
Operating income (loss)	40,288		29,901		(1,215)		(14,197)		54,777
Capital expenditures	7,472		4,025		4,228		281		16,006
As of July 31, 2022
Total assets	$	296,443	$	223,803	$	184,683	$	38,678	$	743,607
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 nine months ended July 31, 2022 was as follows (in thousands):


	Nine Months Ended
	July 31, 2022
Beginning balance as of November 1, 2021	$	149,205


Foreign currency translation adjustment	(7,956)
Balance as of the end of the period	$	141,249

The following table summarizes the change in the carrying amount of goodwill by reportable business segment for the nine months ended July 31, 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	—		(7,956)		—		—		(7,956)
Balance as of July 31, 2022	$	38,712	$	63,390	$	39,147	$	—	$	141,249

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 nine months ended July 31, 2022 and 2021 (in thousands):


	Three Months Ended				Nine Months Ended
	July 31,				July 31,
	2022		2021		2022		2021
Operating income	$	34,035	$	21,562	$	82,711	$	54,777
Interest expense	(724)		(597)		(1,849)		(1,988)
Other, net	398		188		905		645
Income tax expense	(7,801)		(7,474)		(18,098)		(17,352)
Net income	$	25,908	$	13,679	$	63,669	$	36,082