Segments

3 Months Ended

Mar. 31, 2020

Segment information is presented in accordance with ASC 280, Segment Reporting, which establishes standards for reporting information about operating segments. It also establishes standards for related disclosures about customers, products and geographic areas. Operating segments are defined as components of an enterprise that engage in business activities that earn revenues, incur expenses and prepare separate financial information that is evaluated regularly by the Company’s Chief Operating Decision Maker ("CODM") in order to allocate resources and assess performance. Resources are allocated and performance is assessed by the CODM.

Based on the provisions of ASC 280, the Company has defined its operating segment by considering management structure and product offerings. This evaluation resulted in one reportable segment.

Revenues are attributed to each country based on the location in which sales originate and in which assets are located. The Company generates the majority of its revenue in the United States with the remainder being generated in Canada. For the three months ended March 31, 2020, 90.5% and 9.5% of the Company's revenue was generated in the United States and Canada, respectively. For the three months ended March 31, 2019, 90.6% and 9.4% of the Company's revenue was generated in the United States and Canada, respectively.

The following table sets forth property, plant and equipment, right-of-use assets, goodwill and intangibles by geographic area (in thousands):


	March 31, 2020		December 31, 2019
Property, plant and equipment, net
United States	$	141,045	$	135,907
Canada	13,402		14,281
Total property, plant and equipment, net	$	154,447	$	150,188
Right-of-use assets, net
United States	$	108,091	$	104,938
Canada	13,609		15,624
Total right-of-use assets, net	$	121,700	$	120,562
Goodwill
United States	$	463,298	$	463,208
Canada	29,770		32,516
Total goodwill	$	493,068	$	495,724
Intangibles, net
United States	$	91,802	$	102,563
Canada	9,650		11,298
Total intangibles, net	$	101,452	$	113,861

The Company’s net sales by major product line are as follows (dollars in thousands):


	Three Months Ended March 31,												Change
	2020						2019				$		%

Wallboard	$	202,268	38.6	%	$	202,914	39.4	%	$	(646)	(0.3)	%
Suspended ceiling systems	98,506		18.8	%	88,996		17.3	%	9,510		10.7	%
Metal framing	93,334		17.8	%	99,251		19.3	%	(5,917)		(6.0)	%
Complementary and other products	130,150		24.8	%	123,711		24.0	%	6,439		5.2	%
Total net sales	$	524,258	100.0	%	$	514,872	100.0	%	$	9,386	1.8	%