XML 51 R40.htm IDEA: XBRL DOCUMENT
v3.23.1

Employee Benefits (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Postemployment Benefits [Abstract] |
Summary of Workers' Compensation Known Claims and IBNR Reserves | Workers’ compensation known claims and IBNR reserves included on the Condensed Consolidated Balance Sheets were as follows (in thousands):
| March 31, 2023 |  | December 31, 2022
Included in other current liabilities | $ | 8,782 |  |  | $ | 9,946 |
Included in other long-term liabilities | 16,550 |  |  | 13,730 |
| $ | 25,332 |  |  | $ | 23,676 |
Schedule of Insurance Receivable for Claims | This receivable offsets an equal liability included within the reserve amounts noted above and was as follows (in thousands):
| March 31, 2023 |  | December 31, 2022
Included in other non-current assets | $ | 2,743 |  |  | $ | 2,318 |
Summary of Equity-based Awards for Employees | Amounts and changes for each category of equity-based award were as follows:
| Common Stock Awards |  | Performance-Based Stock Awards |  | Performance-Based Restricted Stock Units
| Awards |  | Weighted Average Grant Date Fair Value Per Share |  | Awards |  | Weighted Average Grant Date Fair Value Per Share |  | Units |  | Weighted Average Grant Date Fair Value Per Share
Nonvested awards/units at December 31, 2022 | 157,117 |  |  | $ | 77.31 |  |  | 126,053 |  |  | $ | 103.37 |  |  | 15,711 |  |  | $ | 80.55 |
Granted | 7,690 |  |  | 109.76 |  |  | 69,281 |  |  | 109.09 |  |  | — |  |  | — |
Vested | (569) |  |  | 82.14 |  |  | — |  |  | — |  |  | — |  |  | — |
Forfeited/Cancelled | (398) |  |  | 86.72 |  |  | — |  |  | — |  |  | (289) |  |  | 80.55 |
Nonvested awards/units at March 31, 2023 | 163,840 |  |  | $ | 78.79 |  |  | 195,334 |  |  | $ | 105.40 |  |  | 15,422 |  |  | $ | 80.55 |
Summary of Stock Compensation Expenses | The following table summarizes the share-based compensation expense recognized under our 2014 Omnibus Incentive Plan (in thousands):
| Three months ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Common Stock Awards | $ | 1,393 |  |  | $ | 1,531 |  |  |  |  |
Non-Employee Common Stock Awards | 148 |  |  | 124 |  |  |  |  |
Performance-Based Stock Awards | 1,563 |  |  | 1,315 |  |  |  |  |
Liability Performance-Based Stock Awards | 26 |  |  | 206 |  |  |  |  |
Performance-Based Restricted Stock Units | 306 |  |  | 242 |  |  |  |  |
| $ | 3,436 |  |  | $ | 3,418 |  |  |  |  |
We recorded the following stock compensation expense by income statement category (in thousands):
| Three months ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Cost of sales | $ | 165 |  |  | $ | 149 |  |  |  |  |
Selling | 136 |  |  | 62 |  |  |  |  |
Administrative | 3,135 |  |  | 3,207 |  |  |  |  |
| $ | 3,436 |  |  | $ | 3,418 |  |  |  |  |
Unrecognized Share-Based Compensation Expense Related to Unvested Awards | Unrecognized share-based compensation expense related to unvested awards was as follows (in thousands):
| As of March 31, 2023
| Unrecognized Compensation Expense on Unvested Awards |  | Weighted Average Remaining Vesting Period
Common Stock Awards | $ | 5,561 |  |  | 1.7
Performance-Based Stock Awards | 11,112 |  |  | 2.1
Performance-Based Restricted Stock Units | 41 |  |  | 0.1
Total unrecognized compensation expense related to unvested awards | $ | 16,714 |  |  |

X
- Definition Schedule of employee related liabilities. + References No definition available. + Details
Name: | ibp_ScheduleOfEmployeeRelatedLiabilitiesTableTextBlock
Namespace Prefix: | ibp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of insurance loss reserves for insured obligations. + References No definition available. + Details
Name: | ibp_ScheduleOfInsuranceLossReservesForInsuredObligationsTableTextBlock
Namespace Prefix: | ibp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PostemploymentBenefitsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration