Segment Information

12 Months Ended

Dec. 31, 2020

Segment Reporting Information, Revenue for Reportable Segment [Abstract]

Segment Information

SEGMENT INFORMATION

The Company is organized into three reportable segments on the basis of the production processes, products and services provided by each segment, identified as follows:

(i)Renewable Energy and Conservation, which primarily includes designing, engineering, manufacturing and installation of solar racking, electrical balance of systems, extraction systems and greenhouse structures;

(ii)Residential Products, which primarily includes roof and foundation ventilation products, rain dispersion products and roofing accessories, centralized mail systems and electronic package solutions; and

(iii)Infrastructure Products, which primarily includes expansion joints, structural bearings, rubber pre-formed seals and other sealants, elastomeric concrete, and bridge cable protection systems.

When determining the reportable segments, the Company aggregated operating segments based on their similar economic and operating characteristics.

The following table illustrates certain measurements used by management to assess the performance of the segments described above as of and for the years ended December 31 (in thousands):

	2020		2019		2018
Net sales:
Renewable Energy and Conservation	$	447,567	$	373,023	$	317,253
Residential Products	522,814		461,630		463,216
Infrastructure Products	62,197		63,580		56,628
Total consolidated net sales	$	1,032,578	$	898,233	$	837,097
Income from operations:
Renewable Energy and Conservation	$	40,738	$	47,558	$	37,423
Residential Products	94,430		63,047		69,838
Infrastructure Products	7,233		6,428		2,509
Segments income from operations	142,401		117,033		109,770
Unallocated corporate expenses	(35,211)		(36,221)		(28,629)
Total income from operations	$	107,190	$	80,812	$	81,141
Depreciation and Amortization
Renewable Energy and Conservation	$	9,445	$	6,132	$	5,790
Residential Products	8,110		7,906		8,217
Infrastructure Products	3,060		3,129		3,100
Unallocated corporate expenses	300		390		332
	$	20,915	$	17,557	$	17,439
Total assets
Renewable Energy and Conservation	$	619,071	$	246,853	$	218,048
Residential Products	407,132		359,657		361,499
Infrastructure Products	80,796		110,611		114,354
Unallocated corporate assets	28,057		174,475		271,616
Assets of discontinued operations	77,438		92,854		96,128
	$	1,212,494	$	984,450	$	1,061,645
Capital expenditures
Renewable Energy and Conservation	$	1,143	$	2,199	$	1,345
Residential Products	3,313		4,968		7,921
Infrastructure Products	1,511		1,028		927
Unallocated corporate expenditures	7,101		581		175
	$	13,068	$	8,776	$	10,368

The following tables illustrate revenue disaggregated by timing of transfer of control to the customer for the years ended December 31 (in thousands):

	2020
	Renewable Energy and Conservation		Residential Products		Infrastructure Products		Total
Net sales:
Point in Time	$	75,727	$	518,281	$	22,781	$	616,789
Over Time	371,840		4,533		39,416		415,789
Total	$	447,567	$	522,814	$	62,197	$	1,032,578
	2019
	Renewable Energy and Conservation		Residential Products		Infrastructure Products		Total
Net sales:
Point in Time	$	42,596	$	458,006	$	26,490	$	527,092
Over Time	330,427		3,624		37,090		371,141
Total	$	373,023	$	461,630	$	63,580	$	898,233
	2018
	Renewable Energy and Conservation		Residential Products		Infrastructure Products		Total
Net sales:
Point in Time	$	33,427	$	460,513	$	22,806	$	516,746
Over Time	283,826		2,703		33,822		320,351
Total	$	317,253	$	463,216	$	56,628	$	837,097

Net sales by region or origin and long-lived assets by region of domicile for the years ended and as of December 31 are as follows (in thousands):

	2020		2019		2018
Net sales
North America	$	1,018,406	$	881,432	$	825,497
Asia	14,172		16,801		11,600
Total	$	1,032,578	$	898,233	$	837,097
Long-lived assets
North America	$	90,685	$	79,590	$	79,544
Asia	476		542		704
Total	$	91,161	$	80,132	$	80,248