XML 52 R42.htm IDEA: XBRL DOCUMENT
v3.23.3

Employee Benefits (Tables) | 9 Months Ended
--- | ---
Sep. 30, 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):
| September 30, 2023 |  | December 31, 2022
Included in other current liabilities | $ | 8,760 |  |  | $ | 9,946 |
Included in other long-term liabilities | 17,404 |  |  | 13,730 |
| $ | 26,164 |  |  | $ | 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):
| September 30, 2023 |  | December 31, 2022
Included in other non-current assets | $ | 2,906 |  |  | $ | 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 | 75,928 |  |  | 111.03 |  |  | 69,281 |  |  | 109.09 |  |  | 14,730 |  |  | 111.84 |
Vested | (108,110) |  |  | 71.28 |  |  | (50,994) |  |  | 95.78 |  |  | (15,518) |  |  | 80.76 |
Forfeited/Cancelled | (1,722) |  |  | 98.85 |  |  | — |  |  | — |  |  | (495) |  |  | 96.61 |
Nonvested awards/units at September 30, 2023 | 123,213 |  |  | $ | 103.08 |  |  | 144,340 |  |  | $ | 108.80 |  |  | 14,428 |  |  | $ | 111.71 |
Summary of Stock Compensation Expenses | The following table summarizes the share-based compensation expense recognized by award type (in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Common Stock Awards | $ | 1,355 |  |  | $ | 1,420 |  |  | $ | 4,259 |  |  | $ | 4,718 |
Non-Employee Common Stock Awards | 177 |  |  | 147 |  |  | 485 |  |  | 396 |
Performance-Based Stock Awards | 1,496 |  |  | 1,237 |  |  | 4,638 |  |  | 3,863 |
Liability Performance-Based Stock Awards | 94 |  |  | 84 |  |  | 184 |  |  | 418 |
Performance-Based Restricted Stock Units | 394 |  |  | 324 |  |  | 1,071 |  |  | 895 |
| $ | 3,516 |  |  | $ | 3,212 |  |  | $ | 10,637 |  |  | $ | 10,290 |
We recorded the following stock compensation expense by income statement category (in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Cost of sales | $ | 253 |  |  | $ | 165 |  |  | $ | 658 |  |  | $ | 484 |
Selling | 91 |  |  | 126 |  |  | 316 |  |  | 329 |
Administrative | 3,172 |  |  | 2,921 |  |  | 9,663 |  |  | 9,477 |
| $ | 3,516 |  |  | $ | 3,212 |  |  | $ | 10,637 |  |  | $ | 10,290 |
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 September 30, 2023
| Unrecognized Compensation Expense on Unvested Awards |  | Weighted Average Remaining Vesting Period
Common Stock Awards | $ | 9,593 |  |  | 2.0 years
Performance-Based Stock Awards | 8,037 |  |  | 1.7 years
Performance-Based Restricted Stock Units | 845 |  |  | 0.6 years
Total unrecognized compensation expense related to unvested awards | $ | 18,475 |  |  |

X
- Definition Schedule of employee related liabilities. + References No definition available. + Details
Name: | ibp_ScheduleOfEmployeeRelatedLiabilitiesTableTextBlock
Namespace Prefix: | ibp_
Data Type: | dtr-types1: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-types1: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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + 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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + 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 -Topic 718 -SubTopic 10 -Subparagraph (i) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration