Segments (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of net sales, adjusted EBITDA and certain other measures by reportable segment

The following tables present Net sales, Adjusted EBITDA and certain other measures for the reportable segment and total Company operations for the periods indicated. Adjusted EBITDA is used as a performance metric by the CODM in determining how to allocate resources and assess performance. For the year ended December 31, 2019, Adjusted EBITDA for the Geographic divisions reportable segment includes the out of period correction of the Prior Period Misstatement of $4.3 million.



	Year Ended December 31, 2019									December 31, 2019
(in thousands)	Net Sales		Gross Profit		Depreciation & Amortization		Adjusted EBITDA			Total Assets
Geographic divisions	$	3,626,593	$	951,304	$	69,821	$	335,878		$	1,704,513
Other reconciling items	—		—		2,332		(76,445		)	201,588
	$	3,626,593	$	951,304	$	72,153				$	1,906,101



	Year Ended December 31, 2018									December 31, 2018
(in thousands)	Net Sales		Gross Profit		Depreciation & Amortization		Adjusted EBITDA			Total Assets
Geographic divisions	$	3,682,448	$	909,216	$	63,381	$	340,464		$	1,405,940
Other reconciling items	—		—		2,007		(74,585		)	170,171
	$	3,682,448	$	909,216	$	65,388				$	1,576,111



	Year Ended December 31, 2017									December 31, 2017
(in thousands)	Net Sales		Gross Profit		Depreciation & Amortization		Adjusted EBITDA			Total Assets
Geographic divisions	$	3,365,968	$	795,515	$	66,809	$	250,061		$	1,435,970
Other reconciling items	—		—		2,408		(50,058		)	37,380
	$	3,365,968	$	795,515	$	69,217				$	1,473,350

Reconciliation of geographic EBITDA to consolidated financial statements:

Reconciliation to consolidated financial statements:



	Year Ended December 31,
(in thousands)	2019			2018			2017
Income before income taxes	$	146,484		$	156,914		$	81,827
Interest expense	23,156			24,035			25,036
Interest income	(3,988		)	(758		)	—
Depreciation and amortization	72,153			65,388			69,217
Merger and integration costs	6,485			3,998			15,336
Non-cash stock compensation expense	12,462			11,315			6,769
Acquisition costs	1,136			1,829			424
Business reorganization costs (a)	1,767			656			435
Other items (b)	(222		)	2,502			959
Adjusted EBITDA of other reconciling items	76,445			74,585			50,058
Adjusted EBITDA of geographic divisions reportable segment	$	335,878		$	340,464		$	250,061

(a) Represents asset impairment charges related to the relocation of the operations of certain of the Company’s facilities and charges related to the disposition of the Company’s Coleman Floor business and exit from the Arkansas Market.

(b) For the year ended December 31, 2019, represents income from a recovery made by the Company related to a fire at one of the Company’s facilities during 2015 and the effect of the settlement of pending litigation for an amount less than what was previously accrued. See Note 14 for further details on the settlement of pending litigation. For the year ended December 31, 2018, represents costs incurred in connection with the departure of the Company’s former chief executive officer and the search for and appointment of his permanent replacement. For the year ended December 31, 2017, represents expense incurred related to pending litigation of $3.0 million and income related to the final settlement of insurance claims made by the Company for a fire at one of the Company’s facilities during 2015 of $2.0 million.

Net sales from external customers by main product lines

In accordance with the enterprise-wide disclosure requirements of the accounting standard, the Company’s net sales from external customers by main product lines are as follows for the years ended December 31, 2019, 2018 and 2017.



(in thousands)	2019		2018		2017
Structural components	$	636,043	$	622,105	$	522,619
Lumber & lumber sheet goods	1,040,870		1,286,481		1,114,219
Millwork, doors & windows	1,080,837		964,684		907,377
Other building products & services	868,843		809,178		821,753
Total net sales	$	3,626,593	$	3,682,448	$	3,365,968