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v3.23.3

Information on Segments (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Information | The following tables represent our segment information for the three and nine months ended September 30, 2023 and 2022 (in thousands):
| Three months ended September 30, 2023 |  | Nine months ended September 30, 2023
| Installation |  | Other |  | Eliminations |  | Consolidated |  | Installation |  | Other |  | Eliminations |  | Consolidated
Revenue | $ | 661,191 |  | $ | 47,435 |  | $ | (2,161) |  | $ | 706,465 |  | $ | 1,935,799 |  | $ | 128,440 |  | $ | (6,365) |  | $ | 2,057,874
Cost of sales (1) | 419,479 |  | 33,942 |  | (1,591) |  | 451,830 |  | 1,248,524 |  | 92,771 |  | (4,940) |  | 1,336,355
Segment gross profit | $ | 241,712 |  | $ | 13,493 |  | $ | (570) |  | $ | 254,635 |  | $ | 687,275 |  | $ | 35,669 |  | $ | (1,425) |  | $ | 721,519
Segment gross profit percentage | 36.6 | % |  | 28.4 | % |  | 26.4 | % |  | 36.0 | % |  | 35.5 | % |  | 27.8 | % |  | 22.4 | % |  | 35.1 | %
| Three months ended September 30, 2022 |  | Nine months ended September 30, 2022
| Installation |  | Other |  | Eliminations |  | Consolidated |  | Installation |  | Other |  | Eliminations |  | Consolidated
Revenue | $ | 672,916 |  | $ | 47,748 |  | $ | (1,550) |  | $ | 719,114 |  | $ | 1,872,544 |  | $ | 114,690 |  | $ | (3,879) |  | $ | 1,983,355
Cost of sales (1) | 450,017 |  | 37,659 |  | (1,116) |  | 486,560 |  | 1,255,521 |  | 87,425 |  | (3,015) |  | 1,339,931
Segment gross profit | $ | 222,899 |  | $ | 10,089 |  | $ | (434) |  | $ | 232,554 |  | $ | 617,023 |  | $ | 27,265 |  | $ | (864) |  | $ | 643,424
Segment gross profit percentage | 33.1 | % |  | 21.1 | % |  | 28.0 | % |  | 32.3 | % |  | 33.0 | % |  | 23.8 | % |  | 22.3 | % |  | 32.4 | %
(1)Cost of sales included in segment gross profit is exclusive of depreciation and amortization for the three and nine months ended September 30, 2023 and 2022. The reconciliation between consolidated segment gross profit for each period as shown in the tables above to consolidated income before income taxes is as follows (in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Segment gross profit - consolidated | $ | 254,635 |  |  | $ | 232,554 |  |  | $ | 721,519 |  |  | $ | 643,424 |
Depreciation and amortization (1) | 12,541 |  |  | 11,277 |  |  | 36,528 |  |  | 33,035 |
Gross profit, as reported | 242,094 |  |  | 221,277 |  |  | 684,991 |  |  | 610,389 |
Operating expenses | 139,786 |  |  | 127,366 |  |  | 413,474 |  |  | 367,461 |
Operating income | 102,308 |  |  | 93,911 |  |  | 271,517 |  |  | 242,928 |
Other expense, net | 9,513 |  |  | 10,853 |  |  | 28,672 |  |  | 32,367 |
Income before income taxes | $ | 92,795 |  |  | $ | 83,058 |  |  | $ | 242,845 |  |  | $ | 210,561 |
(1)Depreciation and amortization is excluded from segment gross profit for the three and nine months ended September 30, 2023 and 2022.

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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