Segment Information

3 Months Ended

Mar. 31, 2021

Segment Reporting Information, Revenue for Reportable Segment [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

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

(i)Renewables, which primarily includes designing, engineering, manufacturing and installation of solar racking and electrical balance of systems;

(ii)Residential, which primarily includes roof and foundation ventilation products, centralized mail systems and electronic package solutions, retractable awnings and gutter guards, and rain dispersion products, trims and flashings and other accessories;

(iii)Agtech, which provides growing and processing solutions including the designing, engineering, manufacturing and installation of greenhouses, and botanical extraction systems; and

(iv)Infrastructure, which primarily includes structural bearings, expansion joints and pavement sealant for bridges, airport runways and roadways, 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. During the first quarter of 2021, the Company reassessed its reportable segments. As a result, the Company's former Renewable Energy and Conservation segment was divided into two reportable segments: Renewables and Agtech.

The following table illustrates certain measurements used by management to assess performance of the segments described above for the three months ended March 31, (in thousands):

	Three Months Ended    March 31,
	2021		2020
Net sales:
Renewables	$	85,512	$	47,263
Residential	140,217		103,419
Agtech	46,739		49,234
Infrastructure	15,124		15,485
Total net sales	$	287,592	$	215,401
Income from operations:
Renewables	$	(521)	$	4,359
Residential	22,934		13,725
Agtech	929		1,340
Infrastructure	2,037		1,576
Unallocated Corporate Expenses	(12,564)		(8,223)
Total income from operations	$	12,815	$	12,777

	March 31, 2021		December 31, 2020
Total assets:
Renewables	$	393,499	$	402,796
Residential	427,894		407,132
Agtech	212,507		216,275
Infrastructure	82,833		80,796
Unallocated corporate assets	38,458		28,057
Assets of discontinued operations	—		77,438
	$	1,155,191	$	1,212,494

The following tables illustrate segment revenue disaggregated by timing of transfer of control to the customer for the three months ended March 31 (in thousands):

	Three Months Ended March 31, 2021
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	6,971		139,019		5,143		5,470		$	156,603
Over Time	78,541		1,198		41,596		9,654		130,989
Total net sales	$	85,512	$	140,217	$	46,739	$	15,124	$	287,592

	Three Months Ended March 31, 2020
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	$	3,696	$	102,331	$	14,096	$	5,457	$	125,580
Over Time	43,567		1,088		35,138		10,028		89,821
Total net sales	$	47,263	$	103,419	$	49,234	$	15,485	$	215,401