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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting Information, Revenue for Reportable Segment [Abstract]  
Measurements Used by Management to Assess Performance of Segments
The following table is the reported segment’s and unallocated corporate assets at December 31 (in thousands):
202420232022
Residential$497,317 $515,739 $519,567 
Renewables390,881 377,694 392,368 
Agtech156,929 168,213 193,966 
Infrastructure78,366 77,518 80,264 
Unallocated corporate assets295,917 117,287 24,448 
Total assets$1,419,410 $1,256,451 $1,210,613 
Disaggregation of Revenue
The following presents disaggregated revenue by timing of transfer of control to customers by reported segment for the years ended December 31 (in thousands):
2024
ResidentialRenewablesAgtechInfrastructureTotal
Point in Time$775,541 $30,985 $2,862 $34,393 $843,781 
Over Time6,978 254,420 149,949 53,636 464,983 
Total net sales$782,519 $285,405 $152,811 $88,029 $1,308,764 
2023
ResidentialRenewablesAgtechInfrastructureTotal
Point in Time$808,225 $49,123 $4,920 $31,547 $893,815 
Over Time6,578 281,615 140,047 55,681 483,921 
Total net sales$814,803 $330,738 $144,967 $87,228 $1,377,736 
2022
ResidentialRenewablesAgtechInfrastructureTotal
Point in Time$761,576 $27,317 $13,011 $32,983 $834,887 
Over Time5,672 350,250 155,857 43,300 555,079 
Total net sales$767,248 $377,567 $168,868 $76,283 $1,389,966 
Net Sales by Region or Origin and Long-Lived Assets by Region of Domicile
Net sales by region or origin and long-lived assets by region of domicile for the years ended and as of December 31 were as follows (in thousands):
202420232022
Net sales
North America$1,308,764 $1,366,012 $1,373,907 
Asia— 11,724 16,059 
Total net sales$1,308,764 $1,377,736 $1,389,966 
Long-lived assets
North America$156,707 $154,778 $136,553 
Asia70 59 234 
Total long-lived assets$156,777 $154,837 $136,787 
Schedule of Segment Reporting Information, by Segment The following tables illustrate certain measurements used by management to assess the performance of the segments described above for the years ended December 31 (in thousands):
2024
ResidentialRenewablesAgtechInfrastructureTotal
Net sales$782,519 $285,405 $152,811 $88,029 $1,308,764 
Less (1):
Operating expenses (2)633,735 282,056 141,771 66,734 1,124,296 
Segment profit148,784 3,349 11,040 21,295 184,468 
Reconciliation of segment profit
Unallocated corporate expenses(41,445)
Interest income, net6,171 
Other income, net24,731 
Income before taxes$173,925 
2023
ResidentialRenewablesAgtechInfrastructureTotal
Net sales$814,803$330,738$144,967$87,228$1,377,736
Less (1):
Operating expenses (2)671,735 300,578 145,895 68,699 1,186,907 
Segment profit (loss)143,068 30,160 (928)18,529 190,829 
Reconciliation of segment profit
Unallocated corporate expenses(40,100)
Interest expense, net(3,002)
Other income, net1,265 
Income before taxes$148,992 
2022
ResidentialRenewablesAgtechInfrastructureTotal
Net sales$767,248 $377,567 $168,868 $76,283 $1,389,966 
Less (1):
Operating expenses (2)640,790 352,324 165,954 67,280 1,226,348 
Segment profit126,458 25,243 2,914 9,003 163,618 
Reconciliation of segment profit
Unallocated corporate expenses(33,516)
Interest expense, net(4,047)
Other expense, net(14,565)
Income before taxes$111,490 
Footnotes:
(1)The significant expense category and amounts align with the segment-level information that is regularly provided to the CODM.
(2)Operating expenses for each reportable segment includes inventory and manufacturing expenses, employee compensation, depreciation and amortization, freight services, other costs of sales expenses, and other selling, general and administrative expenses. Additionally, operating expenses includes intangible asset impairment recognized in the Renewables and Agtech reportable segments during the year ended December 31, 2024 and intangible asset impairment in Agtech reportable segment during year ended December 31, 2023. There was no intangible asset impairment recognized during the year ended December 31, 2022.
The following tables are the reported segment’s and unallocated corporate reported depreciation and amortization, and capital expenditures for the years ended December 31 (in thousands):
202420232022
Depreciation and Amortization
Residential$10,416 $10,080 $8,983 
Renewables8,192 8,671 8,467 
Agtech3,165 3,789 4,377 
Infrastructure 2,972 3,137 3,150 
Unallocated corporate expenses2,567 1,701 1,190 
Total depreciation and amortization$27,312 $27,378 $26,167 
Capital expenditures
Residential $10,508 $6,913 $10,050 
Renewables3,101 1,113 3,589 
Agtech684 1,419 3,177 
Infrastructure 1,152 1,313 1,898 
Unallocated corporate expenditures5,030 4,239 1,424 
Total capital expenditures$20,475 $14,997 $20,138