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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of performance of reportable segments | The following table shows certain measurements used by management to assess the performance of the segments described above as of December 31, 2023, 2022 and 2021, respectively:
(in thousands) | North America |  | Europe |  | Asia/ Pacific |  | Administrative & All Other |  | Total
2023 |  |  |  |
Net sales | $ | 1,716,422 |  |  | $ | 480,756 |  |  | $ | 16,625 |  |  | $ | — |  |  | $ | 2,213,803 |
Wood Products | 1,482,099 |  |  | 385,134 |  |  | 14,467 |  |  | — |  |  | 1,881,700 |
Concrete Products | 222,720 |  |  | 95,621 |  |  | 2,159 |  |  | — |  |  | 320,500 |
Sales to other segments * | 4,718 |  |  | 5,900 |  |  | 29,040 |  |  | — |  |  | 39,658 |
Income from operations** | 473,229 |  |  | 45,998 |  |  | 535 |  |  | (44,613) |  |  | 475,149 |
Depreciation and amortization | 40,883 |  |  | 29,668 |  |  | 2,226 |  |  | 1,930 |  |  | 74,707 |
Significant non-cash charges | 13,344 |  |  | 2,379 |  |  | 515 |  |  | 7,658 |  |  | 23,896 |
Provision for income taxes | 109,722 |  |  | 11,435 |  |  | 1,313 |  |  | 90 |  |  | 122,560 |
Business acquisitions, net of cash acquired; capital expenditures; asset acquisitions; and equity investments | 92,725 |  |  | 21,975 |  |  | 6,402 |  |  | (7,605) |  |  | 113,497 |
Total assets | 1,745,341 |  |  | 716,396 |  |  | 38,719 |  |  | 204,268 |  |  | 2,704,724 |
(in thousands) | North America |  | Europe |  | Asia/ Pacific |  | Administrative & All Other |  | Total
2022 |  |  |  |
Net sales | $ | 1,701,041 |  |  | $ | 400,303 |  |  | $ | 14,743 |  |  | $ | — |  |  | $ | 2,116,087 |
Wood Products | 1,496,062 |  |  | 323,065 |  |  | 12,453 |  |  | — |  |  | 1,831,580 |
Concrete Products | 202,687 |  |  | 77,228 |  |  | 2,290 |  |  | — |  |  | 282,205 |
Sales to other segments * | 4,862 |  |  | 5,732 |  |  | 32,979 |  |  | — |  |  | 43,573 |
Income from operations** | 485,899 |  |  | 11,121 |  |  | 723 |  |  | (38,676) |  |  | 459,067 |
Depreciation and amortization | 36,003 |  |  | 22,594 |  |  | 1,730 |  |  | 563 |  |  | 60,890 |
Significant non-cash charges | 7,504 |  |  | 1,099 |  |  | 510 |  |  | 5,868 |  |  | 14,981 |
Provision for income taxes | 112,537 |  |  | 1,193 |  |  | 1,091 |  |  | (751) |  |  | 114,070 |
Business acquisitions, net of cash acquired; capital expenditures; asset acquisitions; and equity investments | 54,594 |  |  | 817,163 |  |  | 1,173 |  |  | 2,871 |  |  | 875,801 |
Total assets | 1,393,968 |  |  | 675,634 |  |  | 34,599 |  |  | 399,770 |  |  | 2,503,971 |
(in thousands) | North America |  | Europe |  | Asia/ Pacific |  | Administrative & All Other |  | Total |
2021 |  |  |  |  |
Net sales | $ | 1,362,941 |  |  | $ | 196,996 |  |  | $ | 13,280 |  |  | $ | — |  |  | $ | 1,573,217 |  |
Wood Products | 1,189,264 |  |  | 160,657 |  |  | 11,192 |  |  | — |  |  | 1,361,113 |  |
Concrete Products | 172,353 |  |  | 36,339 |  |  | 2,088 |  |  | — |  |  | 210,780 |  |
Sales to other segments * | 2,237 |  |  | 5,696 |  |  | 27,109 |  |  | — |  |  | 35,042 |  |
Income from operations** | 359,140 |  |  | 14,160 |  |  | 1,193 |  |  | (6,700) |  |  | 367,793 |  |
Depreciation and amortization | 33,950 |  |  | 6,172 |  |  | 1,844 |  |  | 511 |  |  | 42,477 |  |
Significant non-cash charges | 8,173 |  |  | 1,943 |  |  | 166 |  |  | 7,607 |  |  | 17,889 |  |
Provision for income taxes | 87,962 |  |  | 3,826 |  |  | 241 |  |  | 73 |  |  | 92,102 |  |
Capital expenditures, including purchases of intangible assets | 45,817 |  |  | 2,403 |  |  | 603 |  |  | 988 |  |  | 49,811 |  |
Total assets | 1,352,988 |  |  | 202,631 |  |  | 31,832 |  |  | (103,326) |  |  | 1,484,125 |  |
* Sales to other segments are eliminated upon consolidation. ** Beginning in 2022, the Company changed its presentation of its North America and Administrative and all other segment's statement of operations to display allocated expenses and management fees as a separate item below income from operations. During 2021, allocated expenses and management fees between the two segments were previously included in gross profit, operating expenses and in income from operations and been adjusted herein to conform to 2022 presentation. Consolidated statements of operations, income before tax and net income for all periods presented below are not affected by the change of operations.
Schedule of net sales and long-lived assets by geographical segments | The following table shows the geographic distribution of the Company’s net sales and long-lived assets as of December 31, 2023, 2022 and 2021, respectively:
| 2023 |  | 2022 |  | 2021
(in thousands) | Net Sales |  | Long-Lived Assets |  | Net Sales |  | Long-Lived Assets |  | Net Sales |  | Long-Lived Assets
United States | $ | 1,630,359 |  |  | $ | 305,564 |  |  | $ | 1,615,728 |  |  | $ | 273,407 |  |  | $ | 1,287,085 |  |  | $ | 228,623 |
France | 223,562 |  |  | 62,547 |  |  | 170,904 |  |  | 90,296 |  |  | 50,445 |  |  | 5,988 |
Canada | 81,404 |  |  | 2,722 |  |  | 81,036 |  |  | 2,571 |  |  | 70,401 |  |  | 2,861 |
United Kingdom | 32,058 |  |  | 2,352 |  |  | 37,349 |  |  | 1,898 |  |  | 37,408 |  |  | 1,851 |
Germany | 45,319 |  |  | 12,077 |  |  | 42,954 |  |  | 11,507 |  |  | 29,970 |  |  | 9,999 |
Italy | 62,428 |  |  | 25,245 |  |  | 47,294 |  |  | 4,342 |  |  | — |  |  | — |
Poland | 39,978 |  |  | 10,836 |  |  | 27,803 |  |  | 2,721 |  |  | 13,909 |  |  | 2,496 |
Sweden | 15,342 |  |  | 2,579 |  |  | 16,156 |  |  | 2,369 |  |  | 17,003 |  |  | 2,664 |
Denmark | 12,318 |  |  | 3,734 |  |  | 12,610 |  |  | 1,015 |  |  | 13,964 |  |  | 2,281 |
Norway | 9,635 |  |  | 852 |  |  | 12,241 |  |  | — |  |  | 12,736 |  |  | — |
Australia | 11,351 |  |  | 800 |  |  | 9,468 |  |  | 245 |  |  | 8,120 |  |  | 201 |
Belgium | 18,802 |  |  | 2,297 |  |  | 15,032 |  |  | 2,182 |  |  | 6,818 |  |  | 2,349 |
Other countries | 31,247 |  |  | 19,487 |  |  | 27,512 |  |  | 11,496 |  |  | 25,358 |  |  | 15,249 |
| $ | 2,213,803 |  |  | $ | 451,092 |  |  | $ | 2,116,087 |  |  | $ | 404,049 |  |  | $ | 1,573,217 |  |  | $ | 274,562 |
Schedule of distribution of the Company's net sales by product group | The following table shows the distribution of the Company’s net sales by product for the years ended December 31, 2023, 2022 and 2021, respectively:
(in thousands) | 2023 |  | 2022 |  | 2021
Wood Construction | $ | 1,881,700 |  |  | $ | 1,831,580 |  |  | $ | 1,361,113 |
Concrete Construction | 320,500 |  |  | 282,205 |  |  | 210,780 |
Other | 11,603 |  |  | 2,302 |  |  | 1,324 |
Total | $ | 2,213,803 |  |  | $ | 2,116,087 |  |  | $ | 1,573,217 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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