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Segment Information
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
 
The Company is organized into three reporting segments 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 (comprised primarily of the Company’s operations in the U.S. and Canada), the Europe segment and the Asia/Pacific segment (comprised of the Company’s operations in Asia, the South Pacific, 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 following tables illustrate certain measurements used by management to assess the performance of its reportable segments as of or for the following periods: 
Three Months Ended March 31,
(in thousands)20212020
Net Sales  
North America$300,564 $249,050 
Europe44,296 32,732 
Asia/Pacific2,782 1,886 
Total$347,642 $283,668 
Sales to Other Segments*  
North America$696 $640 
Europe1,609 1,254 
Asia/Pacific8,527 4,813 
Total$10,832 $6,707 
Income (Loss) from Operations  
North America$69,410 $53,561 
Europe2,291 (1,670)
Asia/Pacific425 (604)
Administrative and all other (3,743)(1,937)
Total$68,383 $49,350 
            
*    Sales to other segments are eliminated in consolidation.
   At
 At March 31,December 31,
(in thousands)202120202020
Total Assets   
North America$1,125,887 $1,153,775 $1,059,967 
Europe198,363 163,476 198,647 
Asia/Pacific31,831 27,919 32,754 
Administrative and all other(61,354)(146,922)(58,799)
Total$1,294,727 $1,198,248 $1,232,569 
 
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 and all other.” Cash and cash equivalent balances in the “Administrative and all other” segment were $183.2 million, $248.7 million, and $199.8 million, as of March 31, 2021 and 2020, and December 31, 2020, respectively. Total "Administrative and all other" assets are net of inter-segment due to and from accounts eliminated in consolidation.
While the Company manages its business by geographic segment, the following table illustrates the distribution of the Company’s net sales by product group as additional information for the following periods:
Three Months Ended March 31,
(in thousands)20212020
Wood construction products
$301,578 $242,520 
Concrete construction products
45,523 41,012 
Other
541 136 
Total
$347,642 $283,668 

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, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforcing materials, and are used for restoration, protection or strengthening concrete, masonry and steel construction in residential, industrial, commercial and infrastructure construction.