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Information on Segments (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables represent our segment information for the three and six months ended June 30, 2024 and 2023 (in millions):

			Three months ended June 30, 2024																								Six months ended June 30, 2024
			Installation						Other						Eliminations						Consolidated						Installation						Other						Eliminations						Consolidated
Revenue			$	697.3					$	44.0					$	(3.7)					$	737.6					$	1,353.2					$	84.3					$	(7.0)					$	1,430.5
Cost of sales (1)			443.1						32.5						(2.8)						472.8						862.4						61.0						(5.1)						918.3
Segment gross profit			$	254.2					$	11.5					$	(0.9)					$	264.8					$	490.8					$	23.3					$	(1.9)					$	512.2
Segment gross profit percentage			36.5		%				26.2		%				25.8		%				35.9		%				36.3		%				27.7		%				27.5		%				35.8		%

			Three months ended June 30, 2023																								Six months ended June 30, 2023
			Installation						Other						Eliminations						Consolidated						Installation						Other						Eliminations						Consolidated
Revenue			$	651.9					$	42.3					$	(2.1)					$	692.1					$	1,274.6					$	81.0					$	(4.2)					$	1,351.4
Cost of sales (1)			418.6						30.3						(1.5)						447.4						829.0						58.8						(3.3)						884.5
Segment gross profit			$	233.3					$	12.0					$	(0.6)					$	244.7					$	445.6					$	22.2					$	(0.9)					$	466.9
Segment gross profit percentage			35.8		%				28.2		%				22.7		%				35.3		%				35.0		%				27.4		%				20.3		%				34.5		%

(1)Cost of sales included in segment gross profit is exclusive of depreciation and amortization for the three and six months ended June 30, 2024 and 2023.

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 millions):

			Three months ended June 30,												Six months ended June 30,
			2024						2023						2024						2023
Segment gross profit - consolidated			$	264.8					$	244.7					$	512.2					$	466.9
Depreciation and amortization (1)			13.4						12.2						26.3						24.0
Gross profit, as reported			251.4						232.5						485.9						442.9
Operating expenses			156.6						140.2						303.2						273.7
Operating income			94.8						92.3						182.7						169.2
Other expense, net			8.1						9.6						19.6						19.1
Income before income taxes			$	86.7					$	82.7					$	163.1					$	150.1

(1)Depreciation and amortization is excluded from segment gross profit for the three and six months ended June 30, 2024 and 2023.

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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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

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- References

No definition available.

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