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Reportable Segment and Geographical Information
3 Months Ended
Mar. 30, 2024
Segment Reporting [Abstract]  
Reportable Segment and Geographical Information Reportable Segment and Geographical Information
Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”) for purposes of allocating resources and evaluating financial performance. Our CODM, the Chief Executive Officer, reviews financial information presented on a consolidated basis, accompanied by information about our five operating segments, for the purposes of allocating resources and evaluating financial performance. The Company is organized into three reportable segments: Aperture Solutions, Surface Solutions and Shelter Solutions, which operate principally in the U.S. with limited operations in Canada.
The Aperture Solutions reportable segment offers a broad line of windows and doors at multiple price-points for residential new construction and repair and remodel end markets in the U.S. and Canada. Its main products include vinyl, aluminum, wood-composite and aluminum clad-wood windows and patio doors, as well as steel, wood-composite and fiberglass entry doors.
The Surface Solutions reportable segment offers a broad suite of surface solutions products and accessories at multiple price-points for the residential new construction and repair and remodel end markets as well as stone installation services. Its main products include vinyl siding and accessories, cellular polyvinyl chloride trim, vinyl fencing and railing, stone veneer and gutter protection products.
The Shelter Solutions reportable segment designs, engineers, manufactures and distributes extensive lines of metal products for the low-rise commercial construction market under multiple brand names and through a nationwide network of manufacturing plants and distribution centers. The Company defines low-rise commercial construction as building applications of up to five stories.
Management monitors the operational results of its reportable segments separately for purposes of making decisions about resources and evaluating performance. Management evaluates performance on the basis of segment earnings before interest, income taxes, depreciation and amortization (“Adjusted reportable segment EBITDA”).
Corporate operating expenses are not allocated to reportable segments. Corporate and Other consists specifically of corporate operating expenses that are generally not allocated to reportable segments, related-party management fees and other items that are not assigned or allocated to reportable segments. Any intercompany revenues or expenses are eliminated in consolidation.
The following table sets forth net sales, Adjusted reportable segment EBITDA and a reconciliation to income before income taxes:

Three Months Ended
 March 30, 2024April 1, 2023
Net sales: 
Aperture Solutions$529,840 $604,569 
Surface Solutions274,336 268,591 
Shelter Solutions341,511 405,928 
Total net sales$1,145,687 $1,279,088 
Adjusted reportable segment EBITDA:
Aperture Solutions$44,880 $64,793 
Surface Solutions43,235 26,307 
Shelter Solutions56,077 83,414 
Total adjusted reportable segment EBITDA144,192 174,514 
Corporate and Other(57,164)(47,792)
Depreciation and amortization(94,317)(72,662)
Interest expense(94,820)(94,111)
Foreign exchange (loss) gain(4,013)2,017 
Loss on extinguishment of debt— (563)
Other income, net2,883 1,173 
Loss before income taxes$(103,239)$(37,424)
The following table sets forth net sales disaggregated by reportable segment:
Three Months Ended
March 30, 2024April 1, 2023
Aperture Solutions:
Vinyl windows$508,438 $567,193 
Aluminum windows and other21,402 37,376 
Total$529,840 $604,569 
Surface Solutions:
Vinyl siding$134,464 $132,185 
Metal siding76,017 60,437 
Injection molded siding11,696 12,486 
Stone14,122 18,019 
Stone veneer installation and other38,037 45,464 
Total$274,336 $268,591 
Shelter Solutions:
Metal building products$341,511 $405,928 
Total$341,511 $405,928 
Total net sales$1,145,687 $1,279,088 
The following table sets forth total assets disaggregated by reportable segment:
March 30, 2024December 31, 2023
Total assets:
Aperture Solutions$2,944,230 $2,934,102 
Surface Solutions2,256,756 2,268,443 
Shelter Solutions1,132,731 1,111,679 
Corporate290,986 619,117 
Total assets$6,624,703 $6,933,341