XML 49 R39.htm IDEA: XBRL DOCUMENT v3.23.3

Information on Segments (Tables)

9 Months Ended

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.

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration