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Segment Information
 9 Months Ended
Sep. 30, 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, adjustments related to non-qualified deferred compensation plan, 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 September 30,Nine Months Ended September 30,
(in thousands)2024202320242023
Net Sales    
North America$461,356 $456,820 $1,331,126 $1,328,615 
Europe121,170 119,043 370,985 371,074 
Asia/Pacific4,627 4,221 12,599 12,404 
Total$587,153 $580,084 $1,714,710 $1,712,093 
Sales to Other Segments*    
North America$711 $1,064 $2,410 $3,756 
Europe1,032 1,327 3,695 4,399 
Asia/Pacific6,146 8,022 23,716 21,880 
Total$7,889 $10,413 $29,821 $30,035 
Income (Loss) from Operations    
North America$123,253 $135,633 $354,212 $393,456 
Europe12,635 15,450 33,037 42,894 
Asia/Pacific260 477 (617)718 
Administrative and all other(11,294)(11,347)(33,507)(33,472)
Total$124,854 $140,213 $353,125 $403,596 
            
*    Sales to other segments are eliminated upon consolidation.

   As of
 As of September 30,December 31,
(in thousands)202420232023
Total Assets   
North America$2,013,641 $1,675,344 $1,745,341 
Europe751,419 687,992 716,396 
Asia/Pacific48,618 36,416 38,719 
Administrative and all other83,781 415,735 204,268 
Total$2,897,459 $2,815,487 $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 $208.3 million, $465.3 million and $368.6 million, as of September 30, 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 and nine months ended September 30, 2024 and 2023:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2024202320242023
Wood construction products$494,379 $491,308 $1,450,972 $1,461,442 
Concrete construction products86,715 84,141 251,893 242,133 
Other6,059 4,635 11,845 8,518 
Total$587,153 $580,084 $1,714,710 $1,712,093