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Segment Information
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company is organized into three reporting segments defined by the regions where the Company’s products are manufactured, marketed and distributed to the Company’s customers. The three reporting segments are the North America segment (comprised primarily of the Company’s operations in the U.S. and Canada), the Europe segment, which includes ETANCO, and the Asia/Pacific segment (comprised of the Company’s operations in Asia, the South Pacific, and the Middle East). These segments are similar in several ways, including the types of materials used, the production processes, the distribution channels and the product applications.

The Administrative & All Other column primarily includes expenses such as self-insured workers compensation claims for employees, stock-based compensation for certain members of management, interest expense, foreign exchange gains or losses and income tax expense, as well as revenues and expenses related to real estate activities.

The following tables illustrate certain measurements used by management to assess the performance of its reportable segments as of or the following periods:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2022202120222021
Net Sales    
North America$437,770 $338,591 $1,332,911 $989,711 
Europe111,903 54,832 296,592 155,567 
Asia/Pacific3,989 3,315 10,961 9,383 
Total$553,662 $396,738 $1,640,464 $1,154,661 
Sales to Other Segments*    
North America$1,071 $815 $3,646 $1,732 
Europe1,045 1,226 4,000 4,386 
Asia/Pacific8,736 5,856 25,242 19,849 
Total$10,852 $7,897 $32,888 $25,967 
Income (Loss) from Operations **    
North America$127,318 $100,229 $400,336 $274,444 
Europe6,149 7,517 10,339 15,681 
Asia/Pacific234 313 898 941 
Administrative and all other(10,886)(7,440)(31,243)(20,335)
Total$122,815 $100,619 $380,330 $270,731 
            
*    Sales to other segments are eliminated in consolidation.
**    Beginning in 2022, the Company changed its presentation of its North America and Administrative and all other segment's statement of operations to display allocated expenses and management fees as a separate item below income from operations. During 2021, allocated expenses and management fees between the two segments were previously included in gross profit, operating expenses and in income from operations and been adjusted herein to conform to 2022 presentation. Consolidated income of operations, income before tax and net income for all periods presented below are not affected by the change of operations.
   At
 At September 30,December 31,
(in thousands)202220212021
Total Assets   
North America$1,311,102 $1,274,937 $1,352,988 
Europe641,988 207,744 202,631 
Asia/Pacific34,333 32,748 31,832 
Administrative and all other516,835 (93,360)(103,326)
Total$2,504,258 $1,422,069 $1,484,125 
 
Cash collected by the Company’s U.S. subsidiaries is routinely transferred into the Company’s cash management accounts and, therefore is in the total assets of “Administrative and all other.” Cash and cash equivalent balances in the “Administrative and all other” segment were $236.3 million, $219.7 million, and $223.5 million, as of September 30, 2022 and 2021, and December 31, 2021, respectively. Also included in the total assets of "Administrative and all other" are intercompany borrowings due from the Europe segment, which were used by the Europe segment in the acquisition of ETANCO. Included in the total assets of each segment are net intercompany borrowings due to and from the other segments.

The Company’s wood construction products include connectors, truss plates, fastening systems, fasteners and pre-fabricated shearwalls and are used for connecting and strengthening wood-based construction primarily in residential and commercial construction. Its concrete construction products include adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools and reinforcing fiber materials and are used for restoration, protection or strengthening concrete, masonry and steel construction in residential, industrial, commercial and infrastructure construction. The table below illustrates the distribution of the Company’s sales by product group as additional information for the following periods:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2022202120222021
Wood construction products$478,554 $338,896 $1,428,745 $996,261 
Concrete construction products74,933 57,589 211,119 157,417 
Other175 253 600 983 
Total$553,662 $396,738 $1,640,464 $1,154,661