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Segment Information
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Segment Information

8. Segment Information

We offer an integrated solution to our customers providing manufacturing, supply, and installation of a full range of structural and related building products.  We provide a wide variety of building products and services directly to homebuilder customers. We manufacture floor trusses, roof trusses, wall panels, stairs, millwork, windows, and doors. We also provide a full range of construction services. These product and service offerings are distributed across 402 locations operating in 40 states across the United States, which are organized into nine geographical regions.  Centralized financial and operational oversight, including resource allocation and assessment of performance on an income (loss) before income taxes basis, is performed by our CEO, whom we have determined to be our chief operating decision maker (“CODM”).    

The Company has nine operating segments aligned with its nine geographical regions (Regions 1 through 9). While all of our operating segments have products, distribution methods and customers of a similar nature, certain of our operating segments have been aggregated due to also containing similar economic characteristics, resulting in the following composition of reportable segments:

 

Regions 1 and 2 have been aggregated to form the “Northeast” reportable segment

 

Regions 3 and 5 have been aggregated to form the “Southeast” reportable segment  

 

Regions 4 and 6 have been aggregated to form the “South” reportable segment

 

Region 7, 8 and 9 have been aggregated to form the “West” reportable segment

In addition to our reportable segments, our consolidated results include corporate overhead, other various operating activities that are not internally allocated to a geographical region nor separately reported as a single unit to the CODM, and certain reconciling items primarily related to allocations of corporate overhead and rent expense, which have collectively been presented as “All Other”.  The accounting policies of the segments are consistent with those referenced in Note 1, except for noted reconciling items.  

The following tables present Net sales, income before income taxes and certain other measures for the reportable segments, reconciled to total consolidated operations, for the periods indicated (in thousands):

 

 

 

Three months ended March 31, 2018

 

Reportable segments

 

Net Sales

 

 

Depreciation & Amortization

 

 

Interest

 

 

Income before income taxes

 

Northeast

 

$

290,526

 

 

$

3,219

 

 

$

5,682

 

 

$

638

 

Southeast

 

 

390,914

 

 

 

2,613

 

 

 

5,894

 

 

 

11,292

 

South

 

 

472,944

 

 

 

4,985

 

 

 

6,030

 

 

 

19,857

 

West

 

 

510,492

 

 

 

6,371

 

 

 

8,714

 

 

 

5,744

 

Total reportable segments

 

 

1,664,876

 

 

 

17,188

 

 

 

26,320

 

 

 

37,531

 

All other

 

 

35,560

 

 

 

5,631

 

 

 

422

 

 

 

(12,129

)

Total consolidated

 

$

1,700,436

 

 

$

22,819

 

 

$

26,742

 

 

$

25,402

 

 

 

 

 

Three months ended March 31, 2017

 

Reportable segments

 

Net Sales

 

 

Depreciation & Amortization

 

 

Interest

 

 

Income before income taxes

 

Northeast

 

$

282,770

 

 

$

3,477

 

 

$

4,899

 

 

$

2,937

 

Southeast

 

 

353,974

 

 

 

2,506

 

 

 

5,325

 

 

 

10,048

 

South

 

 

449,852

 

 

 

4,794

 

 

 

5,603

 

 

 

21,318

 

West

 

 

409,037

 

 

 

6,938

 

 

 

7,099

 

 

 

(3,264

)

Total reportable segments

 

 

1,495,633

 

 

 

17,715

 

 

 

22,926

 

 

 

31,039

 

All other

 

 

37,431

 

 

 

5,877

 

 

 

13,231

 

 

 

(26,919

)

Total consolidated

 

$

1,533,064

 

 

$

23,592

 

 

$

36,157

 

 

$

4,120

 

 

Asset information by segment is not reported internally or otherwise reviewed by the CODM nor does the Company earn revenues or have long-lived assets located in foreign countries.