XML 87 R47.htm IDEA: XBRL DOCUMENT v3.24.0.1
Segment Information (Tables)
 12 Months Ended
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		 EuropeAsia/
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 amortization40,883 29,668 2,226 1,930 74,707 
Significant non-cash charges13,344 2,379 515 7,658 23,896 
Provision for income taxes109,722 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 assets1,745,341 716,396 38,719 204,268 2,704,724 
(in thousands) North
America		 EuropeAsia/
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 amortization36,003 22,594 1,730 563 60,890 
Significant non-cash charges7,504 1,099 510 5,868 14,981 
Provision for income taxes112,537 1,193 1,091 (751)114,070 
Business acquisitions, net of cash acquired; capital expenditures; asset acquisitions; and equity investments54,594 817,163 1,173 2,871 875,801 
Total assets1,393,968 675,634 34,599 399,770 2,503,971 
 
(in thousands) North
America		 EuropeAsia/
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 amortization33,950 6,172 1,844 511 42,477 
Significant non-cash charges8,173 1,943 166 7,607 17,889 
Provision for income taxes87,962 3,826 241 73 92,102 
Capital expenditures, including purchases of
    intangible assets		45,817 2,403 603 988 49,811 
Total assets1,352,988 202,631 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:
 
 202320222021
 (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 
France223,562 62,547 170,904 90,296 50,445 5,988 
Canada81,404 2,722 81,036 2,571 70,401 2,861 
United Kingdom32,058 2,352 37,349 1,898 37,408 1,851 
Germany45,319 12,077 42,954 11,507 29,970 9,999 
Italy62,428 25,245 47,294 4,342 — — 
Poland39,978 10,836 27,803 2,721 13,909 2,496 
Sweden15,342 2,579 16,156 2,369 17,003 2,664 
Denmark12,318 3,734 12,610 1,015 13,964 2,281 
Norway9,635 852 12,241 — 12,736 — 
Australia11,351 800 9,468 245 8,120 201 
Belgium18,802 2,297 15,032 2,182 6,818 2,349 
Other countries31,247 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) 
202320222021
Wood Construction$1,881,700 $1,831,580 $1,361,113 
Concrete Construction320,500 282,205 210,780 
Other11,603 2,302 1,324 
Total$2,213,803 $2,116,087 $1,573,217