Segment Information

3 Months Ended

Mar. 31, 2023

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.

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):

	2023		2022
Net sales:
Renewables	$	59,205	$	78,783
Residential	179,495		179,485
Agtech	35,852		42,428
Infrastructure	18,715		17,169
Total net sales	$	293,267	$	317,865
Income from operations:
Renewables	$	2,269	$	(6,984)
Residential	29,509		33,435
Agtech	2,330		31
Infrastructure	2,714		1,181
Unallocated Corporate Expenses	(7,452)		(6,468)
Total income from operations	$	29,370	$	21,195

	March 31, 2023		December 31, 2022
Total assets:
Renewables	$	393,088	$	392,368
Residential	535,423		519,567
Agtech	180,688		193,966
Infrastructure	82,795		80,264
Unallocated corporate assets	16,498		24,448
	$	1,208,492	$	1,210,613

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, 2023
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	$	9,094	$	177,942	$	5,107	$	6,061	$	198,204
Over Time	50,111		1,553		30,745		12,654		95,063
Total net sales	$	59,205	$	179,495	$	35,852	$	18,715	$	293,267

	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