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Segment Information | 12 Months Ended
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Dec. 31, 2014
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company is organized into three reporting segments. The segments are defined by the regions where the Company’s products are manufactured, marketed and distributed to the Company’s customers. The three regional segments are the North America segment, comprising primarily the United States and Canada, the Europe segment and the Asia/Pacific segment, comprising the Company’s operations in China, Hong Kong, the South Pacific and the Middle East. These segments are similar in several ways, including the types of materials, 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 of the Company’s venting business, which was sold in 2010, 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, such as rental income and depreciation expense on the Company’s property in Vacaville, California, which the Company has leased to a third party for a 10-year term expiring in August 2020. The following table shows certain measurements used by management to assess the performance of the segments described above as of December 31, 2014, 2013 and 2012, or for the years then ended: (in thousands)
| North America |  | Europe |  | Asia/ Pacific |  | Administrative & All Other |  | Total
2014 |  |  |  |
Net sales | $ | 613,843 |  |  | $ | 123,177 |  |  | $ | 15,128 |  |  | $ | — |  |  | $ | 752,148 |
Sales to other segments * | 4,134 |  |  | 1,170 |  |  | 17,933 |  |  | — |  |  | 23,237 |
Income (loss) from operations | 94,888 |  |  | 5,005 |  |  | (1,566 | ) |  | 949 |  |  | 99,276 |
Depreciation and amortization | 18,129 |  |  | 6,755 |  |  | 1,554 |  |  | 1,480 |  |  | 27,918 |
Impairment of goodwill | — |  |  | 530 |  |  | — |  |  | — |  |  | 530 |
Significant non-cash charges | 9,722 |  |  | 1,164 |  |  | 203 |  |  | 2,101 |  |  | 13,190 |
Provision for (benefit from) income taxes | 30,287 |  |  | 2,437 |  |  | 882 |  |  | 2,185 |  |  | 35,791 |
Capital expenditures and business acquisitions, |  |  |  |  |  |  |  |  |
net of cash acquired | 20,160 |  |  | 2,977 |  |  | 798 |  |  | — |  |  | 23,935 |
Total assets | 679,844 |  |  | 180,005 |  |  | 29,552 |  |  | 83,664 |  |  | 973,065 |
| North America |  | Europe |  | Asia/ Pacific |  | Administrative & All Other |  | Total
2013 |  |  |  |
Net sales | $ | 572,789 |  |  | $ | 117,740 |  |  | $ | 14,793 |  |  | $ | — |  |  | $ | 705,322 |
Sales to other segments * | 4,735 |  |  | 352 |  |  | 16,334 |  |  | — |  |  | 21,421 |
Income (loss) from operations | 84,885 |  |  | 1,258 |  |  | (2,202 | ) |  | (2,463 | ) |  | 81,478 |
Depreciation and amortization | 17,707 |  |  | 7,019 |  |  | 1,499 |  |  | 1,293 |  |  | 27,518 |
Impairment of long-lived asset | — |  |  | 1,025 |  |  | — |  |  | — |  |  | 1,025 |
Significant non-cash charges | 8,867 |  |  | 1,561 |  |  | 142 |  |  | 2,177 |  |  | 12,747 |
Provision for (benefit from) income taxes | 26,372 |  |  | 2,906 |  |  | (101 | ) |  | 1,416 |  |  | 30,593 |
Capital expenditures and business acquisitions, |  |  |  |  |  |  |  |  |
net of cash acquired | 19,424 |  |  | 2,244 |  |  | 1,620 |  |  | 9 |  |  | 23,297 |
Total assets | 627,196 |  |  | 201,384 |  |  | 31,560 |  |  | 96,385 |  |  | 956,525 |
| North America |  | Europe |  | Asia/ Pacific |  | Administrative & All Other |  | Total
2012 |  |  |  |
Net sales | $ | 522,895 |  |  | $ | 122,493 |  |  | $ | 10,843 |  |  | $ | — |  |  | $ | 656,231 |
Sales to other segments * | 5,121 |  |  | 430 |  |  | 15,721 |  |  | — |  |  | 21,272 |
Income (loss) from operations | 71,586 |  |  | (8,095 | ) |  | (2,799 | ) |  | 1,017 |  |  | 61,709 |
Depreciation and amortization | 16,317 |  |  | 7,744 |  |  | 1,330 |  |  | 1,466 |  |  | 26,857 |
Impairment of goodwill | — |  |  | 2,346 |  |  | — |  |  | — |  |  | 2,346 |
Impairment of long-lived asset | 461 |  |  | 342 |  |  | — |  |  | — |  |  | 803 |
Significant non-cash charges | 7,369 |  |  | 1,053 |  |  | 194 |  |  | 2,051 |  |  | 10,667 |
Provision for income taxes | 15,037 |  |  | 3,544 |  |  | 323 |  |  | 1,099 |  |  | 20,003 |
Capital expenditures and business acquisitions, |  |  |  |  |  |  |  |  |
net of cash acquired | 23,014 |  |  | 63,156 |  |  | 916 |  |  | — |  |  | 87,086 |
Total assets | 583,501 |  |  | 194,000 |  |  | 30,455 |  |  | 82,366 |  |  | 890,322 |
* Sales to other segments are eliminated on consolidation. Cash collected by the Company’s United States subsidiaries is routinely transferred into the Company’s cash management accounts, and therefore has been included in the total assets of “Administrative & All Other.” Cash and short-term investment balances in “Administrative & All Other” were $167.4 million, $156.0 million and $91.9 million as of December 31, 2014, 2013 and 2012, respectively. As of December 31, 2014, the Company had $94.9 million or 36.5% of its cash and cash equivalents held outside the United States in accounts belonging to the Company’s various foreign operating entities. The majority of this balance is held in foreign currencies and could be subject to additional taxation if it were repatriated to the United States. The Company has no plans to repatriate cash and cash equivalents held outside the United States as the Company expects to use such funds for future international growth and acquisitions. The significant non-cash charges comprise compensation related to the awards under the stock-based incentive plans and the stock bonus plan. The Company’s measure of profit or loss for its reportable segments is income (loss) from operations. The reconciling amounts between consolidated income before tax and consolidated income from operations are net interest income, which is primarily attributed to “Administrative & All Other.” The following table shows the geographic distribution of the Company’s net sales and long-lived assets as of December 31, 2014, 2013 and 2012, or for the years then ended: (in thousands)
| 2014 |  | 2013 |  | 2012
| Net Sales |  | Long-Lived Assets |  | Net Sales |  | Long-Lived Assets |  | Net Sales |  | Long-Lived Assets
United States | $ | 572,112 |  |  | $ | 158,161 |  |  | $ | 531,019 |  |  | $ | 152,644 |  |  | $ | 478,441 |  |  | $ | 152,456 |
Canada | 40,996 |  |  | 5,195 |  |  | 41,626 |  |  | 5,763 |  |  | 44,359 |  |  | 6,182 |
Denmark | 15,121 |  |  | 1,518 |  |  | 14,993 |  |  | 1,907 |  |  | 15,096 |  |  | 2,252 |
United Kingdom | 24,893 |  |  | 1,377 |  |  | 21,852 |  |  | 1,249 |  |  | 23,504 |  |  | 1,232 |
France | 37,312 |  |  | 8,145 |  |  | 36,708 |  |  | 9,302 |  |  | 37,826 |  |  | 10,036 |
Germany | 27,202 |  |  | 15,379 |  |  | 26,058 |  |  | 17,446 |  |  | 27,919 |  |  | 17,651 |
Switzerland | 4,960 |  |  | 9,506 |  |  | 5,977 |  |  | 11,649 |  |  | 6,607 |  |  | 11,628 |
Poland | 7,491 |  |  | 1,071 |  |  | 5,982 |  |  | 692 |  |  | 4,847 |  |  | 795 |
The Netherlands | 4,539 |  |  | 30 |  |  | 4,306 |  |  | 63 |  |  | 3,336 |  |  | 92 |
Portugal | 806 |  |  | 472 |  |  | 804 |  |  | 688 |  |  | 1,437 |  |  | 734 |
Ireland | — |  |  | — |  |  | 31 |  |  | — |  |  | 791 |  |  | 2,757 |
China/Hong Kong | 9,646 |  |  | 8,966 |  |  | 9,802 |  |  | 9,499 |  |  | 6,054 |  |  | 9,675 |
Australia | 3,245 |  |  | 267 |  |  | 3,289 |  |  | 356 |  |  | 3,386 |  |  | 441 |
New Zealand | 2,237 |  |  | 82 |  |  | 1,701 |  |  | 125 |  |  | 1,404 |  |  | 154 |
Other countries | 1,588 |  |  | 606 |  |  | 1,174 |  |  | 739 |  |  | 1,224 |  |  | 577 |
| $ | 752,148 |  |  | $ | 210,775 |  |  | $ | 705,322 |  |  | $ | 212,122 |  |  | $ | 656,231 |  |  | $ | 216,662 |
Net sales and long-lived assets, net of intangible assets, are attributable to the country where the sales or manufacturing operations are located. The following table show the distribution of the Company’s net sales by product for the years ended December 31, 2014, 2013 and 2012, or for the years then ended: (in thousands)
0 | 2014 |  | 2013 |  | 2012
Wood Construction | $ | 636,003 |  |  | $ | 596,837 |  |  | $ | 558,103 |
Concrete Construction | 115,921 |  |  | 108,295 |  |  | 97,921 |
Other | 224 |  |  | 190 |  |  | 207 |
Total | $ | 752,148 |  |  | $ | 705,322 |  |  | $ | 656,231 |
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 the residential construction market. 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 Company’s largest customer, attributable mostly to the North America segment, accounted for 10% of net sales for the year ended December 31, 2012. No customer accounted for as much as 10% of net sales for the years ended December 31, 2014 and 2013.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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