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Segment Information | 12 Months Ended
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Dec. 31, 2017
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, 2017, 2016 and 2015, respectively:
(in thousands) | North America |  | Europe |  | Asia/ Pacific |  | Administrative & All Other |  | Total
2017 |  |  |  |
Net sales | $ | 803,697 |  |  | $ | 165,155 |  |  | $ | 8,173 |  |  | $ | — |  |  | $ | 977,025 |
Sales to other segments * | 3,237 |  |  | 959 |  |  | 20,715 |  |  | — |  |  | 24,911 |
Income from operations | 132,890 |  |  | 4,421 |  |  | 1,179 |  |  | 677 |  |  | 139,167 |
Depreciation and amortization | 25,745 |  |  | 5,832 |  |  | 1,246 |  |  | 901 |  |  | 33,724 |
Gain on bargain purchase of a business | — |  |  | 6,336 |  |  | — |  |  | — |  |  | 6,336 |
Significant non-cash charges | 9,861 |  |  | 1,509 |  |  | 65 |  |  | 2,473 |  |  | 13,908 |
Provision for income taxes | 47,434 |  |  | 2,124 |  |  | 419 |  |  | 1,824 |  |  | 51,801 |
Capital expenditures and business acquisitions, net of cash acquired | 70,040 |  |  | 11,411 |  |  | 4,511 |  |  | — |  |  | 85,962 |
Total assets | 953,033 |  |  | 208,640 |  |  | 26,820 |  |  | (150,970 | ) |  | 1,037,523 |
(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 (benefit from) income taxes | 36,999 |  |  | 1,692 |  |  | 581 |  |  | 1,519 |  |  | 40,791 |
Capital expenditures and business 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 |
* 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 $80.2 million, $137.4 million and $164.1 million as of December 31, 2017, 2016 and 2015, respectively. As of December 31, 2017, the Company had $86.5 million, or 51.3%, 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 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 (expense), loss in equity method investment, gain on bargain purchase of a business, and loss on disposal of a business. Interest income (expense) 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, 2017, 2016 and 2015, respectively:
| 2017 |  | 2016 |  | 2015
(in thousands) | Net Sales |  | Long-Lived Assets |  | Net Sales |  | Long-Lived Assets |  | Net Sales |  | Long-Lived Assets
United States | $ | 758,181 |  |  | $ | 223,184 |  |  | $ | 702,071 |  |  | $ | 192,787 |  |  | $ | 639,443 |  |  | $ | 171,367 |
Canada | 43,176 |  |  | 4,650 |  |  | 38,269 |  |  | 4,473 |  |  | 36,122 |  |  | 4,275 |
United Kingdom | 23,157 |  |  | 1,459 |  |  | 20,905 |  |  | 1,183 |  |  | 22,924 |  |  | 1,357 |
Germany | 21,821 |  |  | 14,153 |  |  | 20,751 |  |  | 12,582 |  |  | 19,974 |  |  | 13,358 |
France | 36,677 |  |  | 9,152 |  |  | 33,062 |  |  | 8,349 |  |  | 31,147 |  |  | 8,621 |
Poland | 20,409 |  |  | 2,471 |  |  | 6,633 |  |  | 1,830 |  |  | 6,417 |  |  | 893 |
Sweden | 16,421 |  |  | 1,068 |  |  | — |  |  | — |  |  | — |  |  | — |
Denmark | 14,723 |  |  | 1,601 |  |  | 15,728 |  |  | 1,249 |  |  | 14,987 |  |  | 1,381 |
Norway | 12,902 |  |  | 229 |  |  | — |  |  | — |  |  | — |  |  | — |
Switzerland | 5,593 |  |  | 8,748 |  |  | 6,549 |  |  | 8,469 |  |  | 5,538 |  |  | 9,071 |
Australia | 5,501 |  |  | 268 |  |  | 4,741 |  |  | 239 |  |  | 3,121 |  |  | 274 |
Belgium | 5,050 |  |  | 2,065 |  |  | 1,286 |  |  | 1,798 |  |  | — |  |  | — |
The Netherlands | 4,834 |  |  | 110 |  |  | 4,909 |  |  | 21 |  |  | 4,773 |  |  | 15 |
New Zealand | 2,604 |  |  | 130 |  |  | 2,474 |  |  | 163 |  |  | 2,154 |  |  | 142 |
Chile | 2,314 |  |  | 61 |  |  | 1,572 |  |  | 56 |  |  | 902 |  |  | 91 |
Other countries | 3,662 |  |  | 12,710 |  |  | 1,711 |  |  | 7,471 |  |  | 6,557 |  |  | 8,241 |
| $ | 977,025 |  |  | $ | 282,059 |  |  | $ | 860,661 |  |  | $ | 240,670 |  |  | $ | 794,059 |  |  | $ | 219,086 |
Net sales and long-lived assets, net of intangible assets, are attributable to the country where the sales or manufacturing operations are located. The Company's 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. Its 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, 2017, 2016 and 2015, respectively:
(in thousands) | 2017 |  | 2016 |  | 2015
Wood Construction | $ | 833,200 |  |  | $ | 732,414 |  |  | $ | 674,274 |
Concrete Construction | 143,102 |  |  | 128,247 |  |  | 119,481 |
Other | 723 |  |  | — |  |  | 304 |
Total | $ | 977,025 |  |  | $ | 860,661 |  |  | $ | 794,059 |
No customer accounted for as much as 10% of net sales for the years ended December 31, 2017, 2016 and 2015.

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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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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