Segments

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segments

Segments

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 September 30, 2020, 89.9% and 10.1% of the Company's revenue was generated in the United States and Canada, respectively. For the nine months ended September 30, 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 September 30, 2019, 90.1% and 9.9% of the Company's revenue was generated in the United States and Canada, respectively. For the nine months ended September 30, 2019, 90.4% and 9.6% of the Company's revenue was generated in the United States and Canada, respectively.

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

	September 30, 2020		December 31, 2019
Property, plant and equipment, net
United States	$	137,252	$	135,907
Canada	13,549		14,281
Total property, plant and equipment, net	$	150,801	$	150,188
ROU assets, net
United States	$	108,418	$	104,938
Canada	15,403		15,624
Total ROU assets, net	$	123,821	$	120,562
Goodwill
United States	$	463,163	$	463,208
Canada	31,662		32,516
Total goodwill	$	494,825	$	495,724
Intangibles, net
United States	$	71,312	$	102,563
Canada	8,789		11,298
Total intangibles, net	$	80,101	$	113,861

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

	Three Months Ended September 30,								Change
	2020				2019				$		%
Wallboard	$	199,448	38.3	%	$	207,326	36.7	%	$	(7,878)	(3.8)	%
Suspended ceiling systems	97,323		18.7	%	118,873		21.0	%	(21,550)		(18.1)	%
Metal framing	90,333		17.3	%	98,817		17.5	%	(8,484)		(8.6)	%
Complementary and other products	134,157		25.7	%	139,890		24.8	%	(5,733)		(4.1)	%
Total net sales	$	521,261	100.0	%	$	564,906	100.0	%	$	(43,645)	(7.7)	%

	Nine Months Ended September 30,								Change
	2020				2019				$		%
Wallboard	$	590,304	38.5	%	$	624,299	38.1	%	$	(33,995)	(5.4)	%
Suspended ceiling systems	287,337		18.8	%	314,045		19.2	%	(26,708)		(8.5)	%
Metal framing	265,855		17.4	%	300,493		18.3	%	(34,638)		(11.5)	%
Complementary and other products	388,113		25.3	%	400,852		24.4	%	(12,739)		(3.2)	%
Total net sales	$	1,531,609	100.0	%	$	1,639,689	100.0	%	$	(108,080)	(6.6)	%