XML 50 R39.htm IDEA: XBRL DOCUMENT
v3.24.3

Information on Segments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Information | The following tables represent our segment information for the three and nine months ended September 30, 2024 and 2023 (in millions):
| Three months ended September 30, 2024 |  | Nine months ended September 30, 2024
| Installation |  | Other |  | Eliminations |  | Consolidated |  | Installation |  | Other |  | Eliminations |  | Consolidated
Revenue | $ | 713.7 |  | $ | 51.7 |  | $ | (4.8) |  | $ | 760.6 |  | $ | 2,066.9 |  |  | $ | 136.0 |  |  | $ | (11.8) |  |  | $ | 2,191.1 |
Cost of sales (1) | 455.9 |  | 37.0 |  | (3.3) |  | 489.6 |  | 1,318.4 |  |  | 98.0 |  |  | (8.4) |  |  | 1,408.0 |
Segment gross profit | $ | 257.8 |  | $ | 14.7 |  | $ | (1.5) |  | $ | 271.0 |  | $ | 748.5 |  |  | $ | 38.0 |  |  | $ | (3.4) |  |  | $ | 783.1 |
Segment gross profit percentage | 36.1 | % |  | 28.4 | % |  | 30.1 | % |  | 35.6 | % |  | 36.2 | % |  | 27.9 | % |  | 28.5 | % |  | 35.7 | %
| Three months ended September 30, 2023 |  | Nine months ended September 30, 2023
| Installation |  | Other |  | Eliminations |  | Consolidated |  | Installation |  | Other |  | Eliminations |  | Consolidated
Revenue | $ | 661.2 |  |  | $ | 47.5 |  |  | $ | (2.2) |  |  | $ | 706.5 |  |  | $ | 1,935.8 |  | $ | 128.5 |  | $ | (6.4) |  | $ | 2,057.9
Cost of sales (1) | 419.5 |  |  | 34.0 |  |  | (1.6) |  |  | 451.9 |  |  | 1,248.5 |  | 92.8 |  | (4.9) |  | 1,336.4
Segment gross profit | $ | 241.7 |  |  | $ | 13.5 |  |  | $ | (0.6) |  |  | $ | 254.6 |  |  | $ | 687.3 |  | $ | 35.7 |  | $ | (1.5) |  | $ | 721.5
Segment gross profit percentage | 36.6 | % |  | 28.4 | % |  | 26.4 | % |  | 36.0 | % |  | 35.5 | % |  | 27.8 | % |  | 22.4 | % |  | 35.1 | %
(1)Cost of sales included in segment gross profit is exclusive of depreciation and amortization for the three and nine months ended September 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 September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Segment gross profit - consolidated | $ | 271.0 |  |  | $ | 254.6 |  |  | $ | 783.1 |  |  | $ | 721.5 |
Depreciation and amortization (1) | 14.2 |  |  | 12.5 |  |  | 40.4 |  |  | 36.5 |
Gross profit, as reported | 256.8 |  |  | 242.1 |  |  | 742.7 |  |  | 685.0 |
Operating expenses | 155.5 |  |  | 139.8 |  |  | 458.7 |  |  | 413.5 |
Operating income | 101.3 |  |  | 102.3 |  |  | 284.0 |  |  | 271.5 |
Other expense, net | 7.4 |  |  | 9.5 |  |  | 27.0 |  |  | 28.7 |
Income before income taxes | $ | 93.9 |  |  | $ | 92.8 |  |  | $ | 257.0 |  |  | $ | 242.8 |
(1)Depreciation and amortization is excluded from segment gross profit for the three and nine months ended September 30, 2024 and 2023.

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 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 + 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