Segment Information

3 Months Ended

Mar. 31, 2020

11. 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 approximately 400 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 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:

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

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

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

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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, 2020
Reportable segments	Net Sales		Depreciation & Amortization		Interest			Income before income taxes
Northeast	$	295,573	$	3,497	$	4,931		$	4,616
Southeast		400,384		3,843		5,306			16,577
South		499,804		6,831		5,664			23,333
West		516,767		7,594		9,322			4,420
Total reportable segments		1,712,528		21,765		25,223			48,946
All other		74,493		7,635		26,708			(39,930	)
Total consolidated	$	1,787,021	$	29,400	$	51,931		$	9,016
	Three months ended March 31, 2019
Reportable segments	Net Sales		Depreciation & Amortization		Interest			Income before income taxes
Northeast	$	285,789	$	3,205	$	5,177		$	7,244
Southeast		386,673		3,033		5,582			17,256
South		458,609		4,832		5,900			29,010
West		436,313		6,364		8,741			(404	)
Total reportable segments		1,567,384		17,434		25,400			53,106
All other		63,916		6,142		(499	)		(6,116	)
Total consolidated	$	1,631,300	$	23,576	$	24,901		$	46,990

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.