Segment Information

3 Months Ended

Mar. 31, 2022

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.

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,
	2022		2021
Net sales:
Renewables	$	78,783	$	85,512
Residential	179,485		140,217
Agtech	42,428		46,739
Infrastructure	17,169		15,124
Total net sales	$	317,865	$	287,592
Income from operations:
Renewables	$	(6,984)	$	(521)
Residential	33,435		22,934
Agtech	31		929
Infrastructure	1,181		2,037
Unallocated Corporate Expenses	(6,468)		(12,564)
Total income from operations	$	21,195	$	12,815

	March 31, 2022		December 31, 2021
Total assets:
Renewables	$	436,054	$	445,486
Residential	487,457		453,469
Agtech	214,176		212,038
Infrastructure	85,187		82,662
Unallocated corporate assets	19,466		21,246
	$	1,242,340	$	1,214,901

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, 2022
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	$	5,650	$	178,131	$	1,613	$	6,303	$	191,697
Over Time	73,133		1,354		40,815		10,866		126,168
Total net sales	$	78,783	$	179,485	$	42,428	$	17,169	$	317,865

	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