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v3.22.2.2

Information on Segments (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule of Segment Information | The following table represents our segment information for the three months ended September 30, 2022 and 2021 (in thousands):
| Three months ended September 30, 2022 |  | Three months ended September 30, 2021 |  |  |  |  |  |
| Installation |  | Other |  | Eliminations |  | Consolidated |  | Installation |  | Other |  | Eliminations |  | Consolidated |  |
Revenue | $ | 672,916 |  |  | $ | 47,748 |  |  | $ | (1,550) |  |  | $ | 719,114 |  |  | $ | 504,161 |  |  | $ | 6,305 |  |  | $ | (703) |  |  | $ | 509,763 |  |  |  |  |  |  |
Cost of sales (exclusive of depreciation and amortization shown separately below) | 450,017 |  |  | 37,659 |  |  | (1,116) |  |  | 486,560 |  |  | 339,308 |  |  | 4,837 |  |  | (539) |  |  | 343,606 |  |  |  |  |  |  |
Segment gross profit | 222,899 |  |  | 10,089 |  |  | (434) |  |  | 232,554 |  |  | 164,853 |  |  | 1,468 |  |  | (164) |  |  | 166,157 |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  | 11,277 |  |  |  |  |  |  |  |  | 10,273 |  |  |  |  |  |  |
Gross profit, as reported |  |  |  |  |  |  | 221,277 |  |  |  |  |  |  |  |  | 155,884 |  |  |  |  |  |  |
Selling |  |  |  |  |  |  | 31,651 |  |  |  |  |  |  |  |  | 24,188 |  |  |  |  |  |  |
Administrative |  |  |  |  |  |  | 84,345 |  |  |  |  |  |  |  |  | 68,056 |  |  |  |  |  |  |
Amortization |  |  |  |  |  |  | 11,370 |  |  |  |  |  |  |  |  | 9,224 |  |  |  |  |  |  |
Operating income |  |  |  |  |  |  | 93,911 |  |  |  |  |  |  |  |  | 54,416 |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  |  | 10,668 |  |  |  |  |  |  |  |  | 7,687 |  |  |  |  |  |  |
Other expense (income) |  |  |  |  |  |  | 185 |  |  |  |  |  |  |  |  | (483) |  |  |  |  |  |  |
Income before income taxes |  |  |  |  |  |  | $ | 83,058 |  |  |  |  |  |  |  |  | $ | 47,212 |  |  |  |  |  |  |
| Three months ended September 30, 2022 |  | Three months ended September 30, 2021
| Installation |  | Other |  | Eliminations |  | Consolidated |  | Installation |  | Other |  | Eliminations |  | Consolidated
Segment gross profit percentage | 33.1 | % |  | 21.1 | % |  | 28.0 | % |  | 32.3 | % |  | 32.7 | % |  | 23.3 | % |  | 23.3 | % |  | 32.6 | %
The following table represents our segment information for the nine months ended September 30, 2022 and 2021 (in thousands):
| Nine months ended September 30, 2022 |  | Nine months ended September 30, 2021
| Installation |  | Other |  | Eliminations |  | Consolidated |  | Installation |  | Other |  | Eliminations |  | Consolidated
Revenue | $ | 1,872,544 |  |  | $ | 114,690 |  |  | $ | (3,879) |  |  | $ | 1,983,355 |  |  | $ | 1,419,302 |  |  | $ | 17,182 |  |  | $ | (1,557) |  |  | $ | 1,434,927 |
Cost of sales (exclusive of depreciation and amortization shown separately below) | 1,255,521 |  |  | 87,425 |  |  | (3,015) |  |  | 1,339,931 |  |  | 959,384 |  |  | 12,980 |  |  | (1,207) |  |  | 971,157 |
Segment gross profit | 617,023 |  |  | 27,265 |  |  | (864) |  |  | 643,424 |  |  | 459,918 |  |  | 4,202 |  |  | (350) |  |  | 463,770 |
Depreciation and amortization |  |  |  |  |  |  | 33,035 |  |  |  |  |  |  |  |  | 30,573 |
Gross profit, as reported |  |  |  |  |  |  | 610,389 |  |  |  |  |  |  |  |  | 433,197 |
Selling |  |  |  |  |  |  | 86,214 |  |  |  |  |  |  |  |  | 67,677 |
Administrative |  |  |  |  |  |  | 247,519 |  |  |  |  |  |  |  |  | 199,607 |
Amortization |  |  |  |  |  |  | 33,728 |  |  |  |  |  |  |  |  | 26,798 |
Operating income |  |  |  |  |  |  | 242,928 |  |  |  |  |  |  |  |  | 139,115 |
Interest expense, net |  |  |  |  |  |  | 31,669 |  |  |  |  |  |  |  |  | 22,781 |
Other expense (income) |  |  |  |  |  |  | 698 |  |  |  |  |  |  |  |  | (494) |
Income before income taxes |  |  |  |  |  |  | $ | 210,561 |  |  |  |  |  |  |  |  | $ | 116,828 |
| Nine months ended September 30, 2022 |  | Nine months ended September 30, 2021
| Installation |  | Other |  | Eliminations |  | Consolidated |  | Installation |  | Other |  | Eliminations |  | Consolidated
Segment gross profit percentage | 33.0 | % |  | 23.8 | % |  | 22.3 | % |  | 32.4 | % |  | 32.4 | % |  | 24.5 | % |  | 22.5 | % |  | 32.3 | %

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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