Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of performance of reportable segments

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)	2022		2021		2022		2021
Net Sales
North America	$	437,770	$	338,591	$	1,332,911	$	989,711
Europe	111,903		54,832		296,592		155,567
Asia/Pacific	3,989		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
Europe	1,045		1,226		4,000		4,386
Asia/Pacific	8,736		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
Europe	6,149		7,517		10,339		15,681
Asia/Pacific	234		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)	2022		2021		2021
Total Assets
North America	$	1,311,102	$	1,274,937	$	1,352,988
Europe	641,988		207,744		202,631
Asia/Pacific	34,333		32,748		31,832
Administrative and all other	516,835		(93,360)		(103,326)
Total	$	2,504,258	$	1,422,069	$	1,484,125

Schedule of net sales distributed by product group

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)	2022		2021		2022		2021
Wood construction products	$	478,554	$	338,896	$	1,428,745	$	996,261
Concrete construction products	74,933		57,589		211,119		157,417
Other	175		253		600		983
Total	$	553,662	$	396,738	$	1,640,464	$	1,154,661