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Segment Information
 12 Months Ended
Dec. 31, 2016
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 Company's operations in the United States and Canada), the Europe segment and the Asia/Pacific segment (comprising the Company’s operations in Asia, the South Pacific, South Africa and the Middle East). These segments are similar in several ways, including the types of materials used, 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, 2016, 2015 and 2014, respectively:
 
(in thousands) 
North
America
 
 Europe
 
Asia/
Pacific
 
Administrative
& All Other
 
 Total
2016
 
 
 
 
Net sales
$
742,021

 
$
111,274

 
$
7,366

 
$
—

 
$
860,661

Sales to other segments *
2,512

 
570

 
28,690

 
—

 
31,772

Income (loss) from operations
137,311

 
895

 
2,140

 
(869
)
 
139,477

Depreciation and amortization
19,433

 
5,809

 
1,208

 
1,477

 
27,927

Significant non-cash charges
9,124

 
1,052

 
113

 
3,657

 
13,946

Provision for income taxes
45,547

 
1,428

 
721

 
1,470

 
49,166

Capital expenditures and business acquisitions, net of
    cash acquired
37,652

 
8,461

 
1,250

 
—

 
47,363

Total assets
853,826

 
165,121

 
25,118

 
(64,091
)
 
979,974


(in thousands) 
North
America
 
 Europe
 
Asia/
Pacific
 
Administrative
& All Other
 
 Total
2015
 
 
 
 
Net sales
$
676,618

 
$
108,068

 
$
9,373

 
$
—

 
$
794,059

Sales to other segments *
2,857

 
931

 
20,496

 
—

 
24,284

Income (loss) from operations
109,446

 
3,795

 
(3,445
)
 
(775
)
 
109,021

Depreciation and amortization
17,812

 
5,773

 
1,785

 
1,451

 
26,821

Significant non-cash charges
8,221

 
1,251

 
131

 
2,355

 
11,958

Provision for income taxes
36,999

 
1,692

 
581

 
1,519

 
40,791

Capital expenditures and asset acquisitions, net of
    cash acquired
33,336

 
4,177

 
825

 
27

 
38,365

Total assets
748,241

 
168,305

 
24,366

 
20,397

 
961,309

 
(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 long-lived asset
—

 
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 asset acquisitions, net of
    cash acquired
20,160

 
2,977

 
798

 
—

 
23,935

Total assets
679,844

 
180,005

 
29,552

 
83,664

 
973,065

 
 * 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 $137.4 million, $164.1 million and $167.4 million as of December 31, 2016, 2015 and 2014, respectively. As of December 31, 2016, the Company had $87.2 million, or 38.5%, 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 currently 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 Company's stock-based incentive plans and the Company's employee 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, 2016, 2015 and 2014, respectively:
 
 
2016
 
2015
 
2014
 (in thousands) 
Net
Sales
 
Long-Lived
Assets
 
Net
Sales
 
Long-Lived
Assets
 
Net
Sales
 
Long-Lived
Assets
United States
$
702,071

 
$
192,787

 
$
639,443

 
$
171,367

 
$
572,112

 
$
158,161

Canada
38,269

 
4,473

 
36,122

 
4,275

 
40,996

 
5,195

Denmark
15,728

 
1,249

 
14,987

 
1,381

 
15,121

 
1,518

United Kingdom
20,905

 
1,183

 
22,924

 
1,357

 
24,893

 
1,377

France
33,062

 
8,349

 
31,147

 
8,621

 
37,312

 
8,145

Germany
20,751

 
12,582

 
19,974

 
13,358

 
27,202

 
15,379

Switzerland
6,549

 
8,469

 
5,538

 
9,071

 
4,960

 
9,506

Poland
6,633

 
1,830

 
6,417

 
893

 
7,491

 
1,071

The Netherlands
4,909

 
21

 
4,773

 
15

 
4,539

 
30

Belgium
1,286

 
1,798

 
—

 
—

 
—

 
—

China/Hong Kong
151

 
6,881

 
4,097

 
7,510

 
9,646

 
8,966

Australia
4,741

 
239

 
3,121

 
274

 
3,245

 
267

New Zealand
2,474

 
163

 
2,154

 
142

 
2,237

 
82

Chile
1,572

 
56

 
902

 
91

 
573

 
149

Other countries
1,560

 
590

 
2,460

 
731

 
1,821

 
929

 
$
860,661

 
$
240,670

 
$
794,059

 
$
219,086

 
$
752,148

 
$
210,775


 
Net sales and long-lived assets, net of intangible assets, are attributable to the country where the sales or manufacturing operations are located.
 
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 following table show the distribution of the Company’s net sales by product for the years ended December 31, 2016, 2015 and 2014, respectively:

(in thousands) 
2016
 
2015
 
2014
Wood Construction
$
732,414

 
$
674,274

 
$
636,003

Concrete Construction
128,247

 
119,481

 
115,921

Other
—

 
304

 
224

Total
$
860,661

 
$
794,059

 
$
752,148



No customer accounted for as much as 10% of net sales for the years ended December 31, 2016, 2015 and 2014.