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Segment Information
 3 Months Ended
Mar. 31, 2023
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 its customers. The three reporting segments are the North America segment (comprised primarily of the Company’s operations in the U.S. and Canada), the Europe segment, which includes ETANCO, and the Asia/Pacific segment (comprised of the Company’s operations in Asia and the South Pacific, 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 line item primarily includes expenses such as self-insured workers compensation claims for employees, 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.
The following tables illustrate certain measurements used by management to assess the performance of its reportable segments as of or the following periods:
Three Months Ended March 31,
(in thousands)20232022
Net Sales  
North America$406,330 $438,731 
Europe124,215 51,451 
Asia/Pacific3,885 3,388 
Total$534,430 $493,570 
Sales to Other Segments*  
North America$1,168 $1,134 
Europe1,613 1,684 
Asia/Pacific5,902 8,567 
Total$8,683 $11,385 
Income (Loss) from Operations  
North America$114,393 $135,727 
Europe13,470 (1,370)
Asia/Pacific(138)564 
Administrative and all other(9,362)(10,484)
Total$118,363 $124,437 
            
*    Sales to other segments are eliminated in consolidation.

   At
 As of March 31,December 31,
(in thousands)202320222022
Total Assets   
North America$1,425,374 $1,120,027 $1,393,968 
Europe695,268 1,034,323 675,634 
Asia/Pacific32,789 32,847 34,599 
Administrative and all other402,203 93,153 399,770 
Total$2,555,634 $2,280,350 $2,503,971 
 
Cash collected by the Company’s U.S. subsidiaries is routinely transferred into the Company’s cash management accounts and, therefore is in the total assets of “Administrative and all other.” Cash and cash equivalent balances in the “Administrative and all other” segment were $189.8 million, $96.1 million, and $222.5 million, as of March 31, 2023 and 2022, and December 31, 2022, respectively. Also included in the total assets of "Administrative and all other" are intercompany borrowings due from the Europe segment, which were used by the Europe segment in the acquisition of ETANCO. Included in the total assets of each segment are net intercompany borrowings due to and from the other segments.

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 residential and commercial construction. 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 table below illustrates the distribution of the Company’s sales by product group as additional information for the following periods:
Three Months Ended March 31,
(in thousands)20232022
Wood construction products$454,758 $435,438 
Concrete construction products76,672 57,976 
Other3,000 156 
Total$534,430 $493,570