XML 46 R33.htm IDEA: XBRL DOCUMENT
v3.23.2

Revenue Recognition (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Summary of Revenues Disaggregated by End Market and Product | The following tables present our net revenues disaggregated by end market and product (in thousands):
| Three months ended June 30, |  | Six months ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential new construction | $ | 495,699 |  |  | 71 | % |  | $ | 505,513 |  |  | 75 | % |  | $ | 970,795 |  |  | 72 | % |  | $ | 947,916 |  |  | 75 | %
Repair and remodel | 38,939 |  |  | 6 | % |  | 37,965 |  |  | 5 | % |  | 76,613 |  |  | 5 | % |  | 70,606 |  |  | 6 | %
Commercial | 117,227 |  |  | 17 | % |  | 94,520 |  |  | 14 | % |  | 227,200 |  |  | 17 | % |  | 181,107 |  |  | 14 | %
Net revenue, Installation | $ | 651,865 |  |  | 94 | % |  | $ | 637,998 |  |  | 94 | % |  | $ | 1,274,608 |  |  | 94 | % |  | $ | 1,199,629 |  |  | 95 | %
Other | 40,235 |  |  | 6 | % |  | 38,751 |  |  | 6 | % |  | 76,801 |  |  | 6 | % |  | 64,612 |  |  | 5 | %
Net revenue, as reported | $ | 692,100 |  |  | 100 | % |  | $ | 676,749 |  |  | 100 | % |  | $ | 1,351,409 |  |  | 100 | % |  | $ | 1,264,241 |  |  | 100 | %
| Three months ended June 30, |  | Six months ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insulation | $ | 416,847 |  |  | 60 | % |  | $ | 409,602 |  |  | 61 | % |  | $ | 810,892 |  |  | 60 | % |  | $ | 774,546 |  |  | 62 | %
Shower doors, shelving and mirrors | 47,839 |  |  | 7 | % |  | 41,264 |  |  | 6 | % |  | 93,352 |  |  | 7 | % |  | 77,604 |  |  | 6 | %
Garage doors | 40,862 |  |  | 6 | % |  | 42,512 |  |  | 6 | % |  | 84,174 |  |  | 6 | % |  | 78,491 |  |  | 6 | %
Waterproofing | 32,988 |  |  | 5 | % |  | 35,197 |  |  | 5 | % |  | 62,927 |  |  | 5 | % |  | 64,218 |  |  | 5 | %
Rain gutters | 29,566 |  |  | 4 | % |  | 28,723 |  |  | 4 | % |  | 57,366 |  |  | 4 | % |  | 52,269 |  |  | 4 | %
Fireproofing/firestopping | 19,865 |  |  | 3 | % |  | 16,166 |  |  | 3 | % |  | 35,040 |  |  | 3 | % |  | 32,088 |  |  | 3 | %
Window Blinds | 16,319 |  |  | 2 | % |  | 15,414 |  |  | 2 | % |  | 32,200 |  |  | 2 | % |  | 28,472 |  |  | 2 | %
Other building products | 47,579 |  |  | 7 | % |  | 49,120 |  |  | 7 | % |  | 98,657 |  |  | 7 | % |  | 91,941 |  |  | 7 | %
Net revenue, Installation | $ | 651,865 |  |  | 94 | % |  | $ | 637,998 |  |  | 94 | % |  | $ | 1,274,608 |  |  | 94 | % |  | $ | 1,199,629 |  |  | 95 | %
Other | 40,235 |  |  | 6 | % |  | 38,751 |  |  | 6 | % |  | 76,801 |  |  | 6 | % |  | 64,612 |  |  | 5 | %
Net revenue, as reported | $ | 692,100 |  |  | 100 | % |  | $ | 676,749 |  |  | 100 | % |  | $ | 1,351,409 |  |  | 100 | % |  | $ | 1,264,241 |  |  | 100 | %
Summary of Assets and Liabilities Related to Uncompleted Contracts and Customer Deposits | Contract assets and liabilities related to our uncompleted contracts and customer deposits were as follows (in thousands):
| June 30, 2023 |  | December 31, 2022
Contract assets | $ | 33,648 |  |  | $ | 29,431 |
Contract liabilities | (17,492) |  |  | (18,884) |
Schedule of Cost and Estimated Earnings on Uncompleted Contracts | Uncompleted contracts were as follows (in thousands):
| June 30, 2023 |  | December 31, 2022
Costs incurred on uncompleted contracts | $ | 250,313 |  |  | $ | 273,788 |
Estimated earnings | 104,934 |  |  | 114,781 |
Total | 355,247 |  |  | 388,569 |
Less: Billings to date | 331,514 |  |  | 368,009 |
Net under billings | $ | 23,733 |  |  | $ | 20,560 |
Schedule of Net Under Billings | Net under billings were as follows (in thousands):
| June 30, 2023 |  | December 31, 2022
Costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) | $ | 33,648 |  |  | $ | 29,431 |
Billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) | (9,915) |  |  | (8,871) |
Net under billings | $ | 23,733 |  |  | $ | 20,560 |

X
- Definition Costs And Estimated Earnings On Uncompleted Contracts Table [Text Block] + References No definition available. + Details
Name: | ibp_CostsAndEstimatedEarningsOnUncompletedContractsTableTextBlock
Namespace Prefix: | ibp_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-term contract or program. + References No definition available. + Details
Name: | us-gaap_CostsInExcessOfBillingsAndBillingsInExcessOfCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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