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v3.23.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Information |
Schedule of net sales and operating results by segment | The following tables set forth our net sales and operating results by segment, in thousands: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30,
​ | ​ | 2023 | ​ | 2022 | ​ | 2023 | ​ | 2022
​ | ​ | Net Sales | ​ | Operating Profit (b)
Operations by segment (a): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Installation | ​ | $ | 821,673 | ​ | $ | 783,056 | ​ | $ | 175,218 | ​ | $ | 154,236
Specialty Distribution | ​ | ​ | 571,009 | ​ | ​ | 583,543 | ​ | ​ | 88,269 | ​ | ​ | 88,364
Intercompany eliminations | ​ | ​ | (66,562) | ​ | ​ | (65,601) | ​ | ​ | (11,501) | ​ | ​ | (10,806)
Total | ​ | $ | 1,326,120 | ​ | $ | 1,300,998 | ​ | ​ | 251,986 | ​ | ​ | 231,794
General corporate expense, net (c) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (14,494) | ​ | ​ | (8,920)
Operating profit, as reported | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 237,492 | ​ | ​ | 222,874
Other expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (12,815) | ​ | ​ | (14,864)
Income before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 224,677 | ​ | $ | 208,010
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended September 30,
​ | ​ | 2023 | ​ | 2022 | ​ | 2023 | ​ | 2022
​ | ​ | Net Sales | ​ | Operating Profit (b)
Operations by segment (a): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Installation | ​ | $ | 2,397,818 | ​ | $ | 2,208,717 | ​ | $ | 494,394 | ​ | $ | 406,835
Specialty Distribution | ​ | ​ | 1,703,871 | ​ | ​ | 1,715,196 | ​ | ​ | 247,583 | ​ | ​ | 245,534
Intercompany eliminations | ​ | ​ | (193,069) | ​ | ​ | (179,712) | ​ | ​ | (32,672) | ​ | ​ | (29,949)
Total | ​ | $ | 3,908,620 | ​ | $ | 3,744,201 | ​ | ​ | 709,305 | ​ | ​ | 622,420
General corporate expense, net (c) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (35,280) | ​ | ​ | (28,371)
Operating profit, as reported | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 674,025 | ​ | ​ | 594,049
Other expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (42,885) | ​ | ​ | (39,833)
Income before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 631,140 | ​ | $ | 554,216
(a) | All of our operations are located primarily in the U.S. and to a lesser extent Canada.
(b) | Segment operating profit includes an allocation of general corporate expenses attributable to the operating segments which is based on direct benefit or usage (such as salaries of corporate employees who directly support the segment).
(c) | General corporate expense, net includes expenses not specifically attributable to our segments for functions such as corporate human resources, finance, and legal, including salaries, benefits, and other related costs.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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