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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company has two reportable segments, Manufacturing and Distribution, which are defined based on the way in which internally reported information is regularly reviewed and evaluated by the Company’s chief operating decision maker (the "CODM"), who is our Chairman and Chief Executive Officer, to allocate resources, evaluate financial results and make decisions. The Company does not measure profitability at the end market (RV, marine, powersports, MH and industrial) level.
Manufacturing – This segment includes the following products: laminated products utilized to produce furniture, shelving, walls and countertops; laminated and decorative surface products, including laminated panels, decorative and wrapped vinyls, paper-laminated panels, and vinyl printing; solid surface, granite and quartz countertops; fabricated aluminum products; hardwood profile mouldings; electrical systems components including instrument, digital switching, dash panels, digital displays and gauges; slide-out trim and fascia; cabinet products, doors, components and custom cabinetry; tooling for fiberglass boat manufacturers; fiberglass bath fixtures and tile systems; specialty bath and closet building products; boat towers, tops, power bimini systems, trailers, frames and other engineered structural components; softwoods lumber; interior passage doors and baggage doors; wiring and wire harnesses; CNC molds and composite parts; aluminum and plastic fuel tanks; slotwall panels and components; RV painting; thermoformed shower surrounds; fiberglass and plastic components including front and rear caps and marine helms; polymer-based and other flooring; Marine hardware and accessories; air handling products; treated, untreated and laminated plywood; RV and marine furniture; adhesives and sealants; audio systems and accessories, including amplifiers, tower speakers, soundbars, and subwoofers; Marine non-slip foam flooring, padding, and accessories; protective covers for boats, RVs, aircraft, and military and industrial equipment; windshield and wiper systems; roofs/canopies; integrated door systems; fender flares and rear panels; composite panels; and other products.
Distribution – The Company distributes pre-finished wall and ceiling panels; drywall and drywall finishing products; interior and exterior lighting products; wiring, electrical and plumbing products; transportation and logistics services; electronics and audio systems components; cement siding; raw and processed lumber; fiber reinforced polyester (“FRP”) products; interior passage doors; roofing products; laminate and ceramic flooring; shower doors; fireplaces and surrounds; appliances; tile; Marine hardware and accessories; RV awnings, windows, fiberglass siding and roofing; Marine windshields; RV air conditioning units and furniture; and other products in addition to providing transportation and logistics services.
The CODM evaluates the performance of the Company's segments and allocates resources to them based on a variety of indicators including but not limited to net sales, gross profit and operating income. On at least a quarterly basis, the CODM considers actual to budget variances as well as actual to prior year actual performance for both profit measures when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses segment gross profit and segment operating income to assess the performance of each segment by comparing the results of each segment with one another.
The accounting policies of the segments are the same as those described in Note 1 "Basis of Presentation and Significant Accounting Policies". Segment net sales data includes inter-segment sales. The Company accounts for inter-segment sales similar to third party transactions, which reflect current market prices. Certain income from purchase incentive agreements is not allocated to the segments and instead recorded at the corporate level. Assets are identified to the segments except for cash, prepaid expenses, land and buildings, and certain deferred assets, which are identified with corporate. Corporate charges rent to the segments for use of the land and buildings based upon estimated market rates.
The following tables summarize key financial information by segment:
Year Ended December 31, 2025
($ in thousands)ManufacturingDistribution
Total
Total net sales$2,958,970 $1,014,320 $3,973,290 
Cost of goods sold2,302,770 762,889 3,065,659 
  Gross profit$656,200 $251,431 $907,631 
Operating expenses298,164 148,426 446,590 
  Operating income$358,036 $103,005 $461,041 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative96,706 
Amortization of intangible assets96,956 
Interest expense, net74,507 
Other expenses24,420 
Elimination of inter-segment profits(8,610)
Consolidated income before income taxes$177,062 
Total assets$2,476,411 $493,308 $2,969,719 
Capital expenditures$71,042 $970 $72,012 
Depreciation and amortization$145,108 $18,183 $163,291 
Year Ended December 31, 2024
($ in thousands)ManufacturingDistribution
Total
Total net sales$2,756,547 $980,127 $3,736,674 
Cost of goods sold2,143,995 755,272 2,899,267 
Gross Profit$612,552 $224,855 $837,407 
Operating expenses271,591 120,140 391,731 
Operating income$340,961 $104,715 $445,676 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative92,902 
Amortization of intangible assets96,235 
Interest expense, net79,470 
Elimination of inter-segment profits1,501 
Other(3,002)
Consolidated income before income taxes$178,570 
Total assets$2,402,533 $524,827 $2,927,360 
Capital expenditures$62,342 $10,808 $73,150 
Depreciation and amortization$143,844 $15,728 $159,572 
Year Ended December 31, 2023
($ in thousands)ManufacturingDistribution
Total
Total net sales$2,653,257 $889,408 $3,542,665 
Cost of goods sold2,075,973 693,902 2,769,875 
Gross Profit$577,284 $195,506 $772,790 
Operating expenses256,188 105,411 361,599 
Operating income$321,096 $90,095 $411,191 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative82,674 
Amortization of intangible assets78,616 
Interest expense, net68,942 
Elimination of inter-segment profits(10,299)
Consolidated income before income taxes$191,258 
Total assets$2,071,500 $426,931 $2,498,431 
Capital expenditures$50,771 $8,094 $58,865 
Depreciation and amortization$126,431 $12,710 $139,141 
A reconciliation of certain line items pertaining to the total reportable segments to the consolidated financial statements for the years ended December 31, 2025, 2024 and 2023 and as of December 31, 2025 and 2024 is as follows:
Year Ended December 31,
($ in thousands)20252024
2023
Net sales:   
Total sales for reportable segments$3,973,290 $3,736,674 $3,542,665 
Elimination of intersegment sales(1)
(22,517)(20,991)(74,620)
Consolidated net sales$3,950,773 $3,715,683 $3,468,045 
Depreciation and amortization:
Depreciation and amortization for reportable segments$163,291 $159,572 $139,141 
Corporate depreciation and amortization6,921 6,973 5,402 
Consolidated depreciation and amortization$170,212 $166,545 $144,543 
Capital expenditures:
Capital expenditures for reportable segments$72,012 $73,150 $58,865 
Corporate capital expenditures10,909 2,532 3,183 
Consolidated capital expenditures$82,921 $75,682 $62,048 
($ in thousands)As of December 31,
Total assets:20252024
Identifiable assets for reportable segments$2,969,719 $2,927,360 
Corporate assets unallocated to segments80,023 60,033 
Cash and cash equivalents26,432 33,561 
Consolidated total assets$3,076,174 $3,020,954 
(1)Eliminations for the years ended December 31, 2025 and 2024 include only the elimination of inter-segment transactions.
The Company's revenue from external customers and long-lived assets are substantially all attributed to the U.S.