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Segment Information
 3 Months Ended
Mar. 31, 2024
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 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 table illustrates certain measurements used by management to assess the performance of the segments described above as of or the following periods:
Three Months Ended March 31,
(in thousands)20242023
Net Sales  
North America$406,749 $406,330 
Europe119,938 124,215 
Asia/Pacific3,892 3,885 
Total$530,579 $534,430 
Sales to Other Segments*  
North America$841 $1,168 
Europe1,251 1,613 
Asia/Pacific6,852 5,902 
Total$8,944 $8,683 
Income (Loss) from Operations  
North America$98,904 $114,393 
Europe8,258 13,470 
Asia/Pacific(575)(138)
Administrative and all other(10,489)(9,362)
Total$96,098 $118,363 
            
*    Sales to other segments are eliminated upon consolidation.

   
As of
 As of March 31,December 31,
(in thousands)202420232023
Total Assets   
North America$1,782,890 $1,425,374 $1,745,341 
Europe716,263 695,268 716,396 
Asia/Pacific36,275 32,789 38,719 
Administrative and all other186,518 402,203 204,268 
Total$2,721,946 $2,555,634 $2,704,724 
 
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 $276.6 million, $189.8 million and $368.6 million, as of March 31, 2024 and 2023, and December 31, 2023, respectively. Also included in the total assets of "Administrative and all other" are intercompany borrowings due from the Europe segment. 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 the residential and commercial 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 illustrates the distribution of the Company’s net sales by product group as additional information for the three months ended March 31, 2024 and 2023:
Three Months Ended March 31,
(in thousands)20242023
Wood construction products$449,513 $454,758 
Concrete construction products78,730 76,672 
Other2,336 3,000 
Total$530,579 $534,430