Segment Information

12 Months Ended

Dec. 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 solutions including the designing, engineering, manufacturing and installation of greenhouses; 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 tables illustrate 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):

	2022		2021		2020
Net sales:
Renewables	$	377,567	$	432,096	$	238,107
Residential	767,248		635,505		522,814
Agtech	168,868		199,161		209,460
Infrastructure	76,283		73,021		62,197
Total consolidated net sales	$	1,389,966	$	1,339,783	$	1,032,578
Income from operations:
Renewables	$	25,243	$	20,158	$	30,105
Residential	126,458		105,821		94,430
Agtech	2,914		(931)		10,633
Infrastructure	9,003		8,911		7,233
Segments income from operations	163,618		133,959		142,401
Unallocated corporate expenses	(33,516)		(36,971)		(35,211)
Total income from operations	$	130,102	$	96,988	$	107,190
Depreciation and Amortization
Renewables	$	8,467	$	14,682	$	3,377
Residential	8,983		8,694		8,110
Agtech	4,377		5,279		6,068
Infrastructure	3,150		3,092		3,060
Unallocated corporate expenses	1,190		219		300
	$	26,167	$	31,966	$	20,915

	2022		2021		2020
Total assets
Renewables	$	392,368	$	445,486	$	402,797
Residential	519,567		453,469		407,132
Agtech	193,966		212,038		216,274
Infrastructure	80,264		82,662		80,796
Unallocated corporate assets	24,448		21,246		28,057
Assets of discontinued operations	—		—		77,438
	$	1,210,613	$	1,214,901	$	1,212,494
Capital expenditures
Renewables	$	3,589	$	4,268	$	423
Residential	10,050		4,182		3,313
Agtech	3,177		3,289		720
Infrastructure	1,898		2,097		1,511
Unallocated corporate expenditures	1,424		3,869		7,101
	$	20,138	$	17,705	$	13,068

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

	2022
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	$	27,317	$	761,576	$	13,011	$	32,983	$	834,887
Over Time	350,250		5,672		155,857		43,300		555,079
Total	$	377,567	$	767,248	$	168,868	$	76,283	$	1,389,966
	2021
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	$	28,630	$	630,494	$	20,157	$	32,512	$	711,793
Over Time	403,466		5,011		179,004		40,509		627,990
Total	$	432,096	$	635,505	$	199,161	$	73,021	$	1,339,783
	2020
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	$	22,833	$	518,281	$	52,894	$	22,781	$	616,789
Over Time	215,274		4,533		156,566		39,416		415,789
Total	$	238,107	$	522,814	$	209,460	$	62,197	$	1,032,578

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):

	2022		2021		2020
Net sales
North America	$	1,373,907	$	1,318,795	$	1,018,406
Asia	16,059		20,988		14,172
Total	$	1,389,966	$	1,339,783	$	1,032,578
Long-lived assets
North America	$	136,553	$	97,003	$	90,685
Asia	234		365		476
Total	$	136,787	$	97,368	$	91,161