XML 43 R33.htm IDEA: XBRL DOCUMENT
v3.23.3

Revenue Recognition (Tables) | 9 Months Ended
--- | ---
Sep. 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 September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential new construction | $ | 518,080 |  |  | 73 | % |  | $ | 532,299 |  |  | 74 | % |  | $ | 1,488,875 |  |  | 72 | % |  | $ | 1,480,214 |  |  | 75 | %
Repair and remodel | 37,839 |  |  | 6 | % |  | 39,139 |  |  | 6 | % |  | 114,452 |  |  | 6 | % |  | 109,745 |  |  | 5 | %
Commercial | 105,272 |  |  | 15 | % |  | 101,478 |  |  | 14 | % |  | 332,472 |  |  | 16 | % |  | 282,585 |  |  | 14 | %
Net revenue, Installation | $ | 661,191 |  |  | 94 | % |  | $ | 672,916 |  |  | 94 | % |  | $ | 1,935,799 |  |  | 94 | % |  | $ | 1,872,544 |  |  | 94 | %
Other | 45,274 |  |  | 6 | % |  | 46,198 |  |  | 6 | % |  | 122,075 |  |  | 6 | % |  | 110,811 |  |  | 6 | %
Net revenue, as reported | $ | 706,465 |  |  | 100 | % |  | $ | 719,114 |  |  | 100 | % |  | $ | 2,057,874 |  |  | 100 | % |  | $ | 1,983,355 |  |  | 100 | %
| Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insulation | $ | 424,166 |  |  | 60 | % |  | $ | 429,091 |  |  | 60 | % |  | $ | 1,235,056 |  |  | 60 | % |  | $ | 1,203,635 |  |  | 61 | %
Shower doors, shelving and mirrors | 48,223 |  |  | 7 | % |  | 46,735 |  |  | 7 | % |  | 141,576 |  |  | 7 | % |  | 124,339 |  |  | 6 | %
Garage doors | 40,597 |  |  | 6 | % |  | 45,224 |  |  | 6 | % |  | 124,771 |  |  | 6 | % |  | 123,715 |  |  | 6 | %
Waterproofing | 36,186 |  |  | 5 | % |  | 31,088 |  |  | 4 | % |  | 99,113 |  |  | 5 | % |  | 95,306 |  |  | 5 | %
Rain gutters | 31,227 |  |  | 4 | % |  | 31,065 |  |  | 4 | % |  | 88,593 |  |  | 4 | % |  | 83,334 |  |  | 4 | %
Fireproofing/firestopping | 18,889 |  |  | 3 | % |  | 17,159 |  |  | 3 | % |  | 53,929 |  |  | 3 | % |  | 49,247 |  |  | 3 | %
Window blinds | 16,147 |  |  | 2 | % |  | 16,585 |  |  | 2 | % |  | 48,347 |  |  | 2 | % |  | 45,058 |  |  | 2 | %
Other building products | 45,756 |  |  | 7 | % |  | 55,969 |  |  | 8 | % |  | 144,414 |  |  | 7 | % |  | 147,910 |  |  | 7 | %
Net revenue, Installation | $ | 661,191 |  |  | 94 | % |  | $ | 672,916 |  |  | 94 | % |  | $ | 1,935,799 |  |  | 94 | % |  | $ | 1,872,544 |  |  | 94 | %
Other | 45,274 |  |  | 6 | % |  | 46,198 |  |  | 6 | % |  | 122,075 |  |  | 6 | % |  | 110,811 |  |  | 6 | %
Net revenue, as reported | $ | 706,465 |  |  | 100 | % |  | $ | 719,114 |  |  | 100 | % |  | $ | 2,057,874 |  |  | 100 | % |  | $ | 1,983,355 |  |  | 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):
| September 30, 2023 |  | December 31, 2022
Contract assets | $ | 34,069 |  |  | $ | 29,431 |
Contract liabilities | (17,247) |  |  | (18,884) |
Schedule of Cost and Estimated Earnings on Uncompleted Contracts | Uncompleted contracts were as follows (in thousands):
| September 30, 2023 |  | December 31, 2022
Costs incurred on uncompleted contracts | $ | 245,069 |  |  | $ | 273,788 |
Estimated earnings | 111,047 |  |  | 114,781 |
Total | 356,116 |  |  | 388,569 |
Less: Billings to date | 330,417 |  |  | 368,009 |
Net under billings | $ | 25,699 |  |  | $ | 20,560 |
Schedule of Net Under Billings | Net under billings were as follows (in thousands):
| September 30, 2023 |  | December 31, 2022
Costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) | $ | 34,069 |  |  | $ | 29,431 |
Billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) | (8,370) |  |  | (8,871) |
Net under billings | $ | 25,699 |  |  | $ | 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