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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following information has been prepared in accordance with the SEC’s pay versus performance rules under the Exchange Act. The tables and related disclosures contain information about the relationship between our executive compensation actually paid (as defined by SEC rules) and certain Company financial performance measures. The CHC Committee did not consider this information when making its executive compensation decisions in 2023 or in setting target compensation for 2024. For further information about how we align executive compensation with Company performance, see
“Compensation Discussion and Analysis.”
The amounts in the tables below are calculated in accordance with SEC rules and may not represent amounts actually earned or realized by our Principal Executive Officer (“PEO”) or
Non-PEO
Named Executive Officers.
 
    
Summary
Compensation
Table Total for
PEO
($)(1)
  
Compensation
Actually Paid to
PEO
($)(2)
  
Average Summary
Compensation
Table Total for
Non-PEO Named

Executive Officers
($)(3)
  
Average
Compensation
Actually Paid to
Non-PEO Named
Executive Officers
($)(4)
  
 
Value of initial Fixed $100 
Investment Based On 
  
Net Income
($)(6)
  
Adjusted
EBITDA
($)(7)
Year
  
Total
Shareholder
Return
($)
  
Peer Group
Total
Shareholder
Return
($)(5)
2023
   5,932,174    10,434,045    1,593,537    2,890,502    280    200    243,700,000    485,900,000 
2022
   5,331,034    696,971    1,399,047    84,150    129    132    223,400,000    439,300,000 
2021
   4,351,277    7,666,457    1,213,319    2,139,501    205    159    118,800,000    285,400,000 
2020
   4,097,375    5,547,911    1,149,186    2,089,937    148    127    97,200,000    245,600,000 
 
  (1)
Jeffrey W. Edwards, our Chief Executive Officer, served as our PEO for each of 2023, 2022, 2021 and 2020.
  (2)
Compensation actually paid to our PEO in each of 2023, 2022, 2021 and 2020 reflects the amounts in the
Summary Compensation Table
Totals for PEO in the table above, adjusted as set forth in the table below, determined in accordance with SEC rules.
 
PEO
  
 
 
2023
($)
 
 
  
 
 
2022
($)
 
 
  
 
 
2021
($)
 
 
  
 
 
2020
($)
 
 
Summary Compensation Table (SCT) Total Compensation
     5,932,174        5,331,034        4,351,277        4,097,375   
- Aggregate change in actuarial present value of pension benefits
     -        -        -        -   
+ Service cost of pension benefits
     -        -        -        -   
+ Prior service cost of pension benefits
     -        -        -        -   
- Stock award values reported in the SCT for the covered year
     3,837,502        3,377,950        2,703,051        2,502,713   
- Option award values reported in the SCT for the covered year
     -        -        -        -   
+ Year end fair value for equity awards granted in the covered year that were outstanding and unvested at year end
     2,990,008        2,807,851        3,062,523        3,301,003   
+/- Year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered years
     4,254,444        (2,062,567)        2,053,206        1,850,633   
+ Vesting date fair value of equity awards granted and vested in the covered year
     -        -        -        -   
+/- Year-over-year change in fair value of equity awards granted in prior years that vested in the covered year
     983,445        (2,093,505)        892,293        (1,198,387)   
- Fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year
     -        -        -        -   
+ Dollar value of dividends/earnings paid on equity awards that vested in the covered year
     111,476        92,108        10,209        -   
+ Excess fair value for equity award modifications
     -        -        -        -   
Compensation Actually Paid to PEO
     10,434,045        696,971        7,666,457        5,547,911   
 
  (3)
Our
Non-PEO
Named Executive Officers were Jay Elliott, Jeffrey Hire, Michael Miller and Jason Niswonger for each of 2023, 2022, 2021 and 2020.
  (4)
Average compensation actually paid to our
non-PEO
NEOs in each of 2023, 2022, 2021 and 2020 reflects the amounts in the
Summary Compensation Table
Totals for
non-PEO
NEO’s in the third column of the table above, adjusted as set forth in the table below, determined in accordance with SEC rules.
 
 
Average for
Non-PEO
NEOs
  
 
 
2023
($)
 
 
  
 
 
2022
($)
 
 
  
 
 
2021
($)
 
 
  
 
 
2020
($)
 
 
Average Summary Compensation Table (SCT) Total Compensation
     1,593,537        1,399,047        1,213,319        1,149,186   
- Aggregate change in actuarial present value of pension benefits
     -        -        -        -   
+ Service cost of pension benefits
     -        -        -        -   
+ Prior service cost of pension benefits
     -        -        -        -   
- Stock award values reported in the SCT for the covered year
     804,755        688,190        556,266        522,471   
- Option award values reported in the SCT for the covered year
     -        -        -        -   
+ Year end fair value for equity awards granted in the covered year that were outstanding and unvested at year end
     627,041        547,498        630,242        1,308,093   
+/- Year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered years
     999,592        (755,678)        658,604        393,249   
+ Vesting date fair value of equity awards granted and vested in the covered year
     -        -        -        -   
+/- Year-over-year change in fair value of equity awards granted in prior years that vested in the covered year
     424,055        (437,789)        191,413        (238,121)   
- Fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year
     -        -        -        -   
+ Dollar value of dividends /earnings paid on equity awards that vested in the covered year
     51,032        19,261        2,190        -   
+ Excess fair value for equity award modifications
     -        -        -        -   
Average Compensation Actually Paid to
Non-PEO
NEOs
     2,890,502        84,150        2,139,501        2,089,937   
 
  (5)
For each of the four fiscal years presented in the table, total shareholder return was calculated in accordance with Item 402(v) of Regulation
S-K
under the Exchange Act. For purposes of this pay versus performance disclosure, the peer group used was the S&P 600 Building Products Sub Industry GICS Level 4 Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 600 Building Products Sub Industry GICS Level 4 Index, respectively. In 2022, our peer group consisted of two published industry indices: the Russell 2000 and the S&P 600 Building Products Sub Industry GICS Level 4 Index. TSR performance for these indexes, for the years ending December 31, 2020, 2021, 2022, and 2023, would have been: $120, $138, $110, and $129, respectively.
 
  (6)
Net income is rounded to the nearest hundred thousand.
 
  (7)
The CHC Committee has selected Adjusted EBITDA as the most important financial performance measure used to link our executive compensation to Company performance. See “
Additional Information – Use of
Non-GAAP
Financial Measures
” for a reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure. Adjusted EBITDA is rounded to the nearest hundred thousand.
     
Company Selected Measure Name Adjusted EBITDA      
Named Executive Officers, Footnote Our
Non-PEO
Named Executive Officers were Jay Elliott, Jeffrey Hire, Michael Miller and Jason Niswonger for each of 2023, 2022, 2021 and 2020.
     
Peer Group Issuers, Footnote For each of the four fiscal years presented in the table, total shareholder return was calculated in accordance with Item 402(v) of Regulation
S-K
under the Exchange Act. For purposes of this pay versus performance disclosure, the peer group used was the S&P 600 Building Products Sub Industry GICS Level 4 Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 600 Building Products Sub Industry GICS Level 4 Index, respectively. In 2022, our peer group consisted of two published industry indices: the Russell 2000 and the S&P 600 Building Products Sub Industry GICS Level 4 Index. TSR performance for these indexes, for the years ending December 31, 2020, 2021, 2022, and 2023, would have been: $120, $138, $110, and $129, respectively.
     
PEO Total Compensation Amount $ 5,932,174 $ 5,331,034 $ 4,351,277 $ 4,097,375
PEO Actually Paid Compensation Amount $ 10,434,045 696,971 7,666,457 5,547,911
Adjustment To PEO Compensation, Footnote
  (2)
Compensation actually paid to our PEO in each of 2023, 2022, 2021 and 2020 reflects the amounts in the
Summary Compensation Table
Totals for PEO in the table above, adjusted as set forth in the table below, determined in accordance with SEC rules.
 
PEO
  
 
 
2023
($)
 
 
  
 
 
2022
($)
 
 
  
 
 
2021
($)
 
 
  
 
 
2020
($)
 
 
Summary Compensation Table (SCT) Total Compensation
     5,932,174        5,331,034        4,351,277        4,097,375   
- Aggregate change in actuarial present value of pension benefits
     -        -        -        -   
+ Service cost of pension benefits
     -        -        -        -   
+ Prior service cost of pension benefits
     -        -        -        -   
- Stock award values reported in the SCT for the covered year
     3,837,502        3,377,950        2,703,051        2,502,713   
- Option award values reported in the SCT for the covered year
     -        -        -        -   
+ Year end fair value for equity awards granted in the covered year that were outstanding and unvested at year end
     2,990,008        2,807,851        3,062,523        3,301,003   
+/- Year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered years
     4,254,444        (2,062,567)        2,053,206        1,850,633   
+ Vesting date fair value of equity awards granted and vested in the covered year
     -        -        -        -   
+/- Year-over-year change in fair value of equity awards granted in prior years that vested in the covered year
     983,445        (2,093,505)        892,293        (1,198,387)   
- Fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year
     -        -        -        -   
+ Dollar value of dividends/earnings paid on equity awards that vested in the covered year
     111,476        92,108        10,209        -   
+ Excess fair value for equity award modifications
     -        -        -        -   
Compensation Actually Paid to PEO
     10,434,045        696,971        7,666,457        5,547,911   
     
Non-PEO NEO Average Total Compensation Amount $ 1,593,537 1,399,047 1,213,319 1,149,186
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,890,502 84,150 2,139,501 2,089,937
Adjustment to Non-PEO NEO Compensation Footnote
  (4)
Average compensation actually paid to our
non-PEO
NEOs in each of 2023, 2022, 2021 and 2020 reflects the amounts in the
Summary Compensation Table
Totals for
non-PEO
NEO’s in the third column of the table above, adjusted as set forth in the table below, determined in accordance with SEC rules.
 
 
Average for
Non-PEO
NEOs
  
 
 
2023
($)
 
 
  
 
 
2022
($)
 
 
  
 
 
2021
($)
 
 
  
 
 
2020
($)
 
 
Average Summary Compensation Table (SCT) Total Compensation
     1,593,537        1,399,047        1,213,319        1,149,186   
- Aggregate change in actuarial present value of pension benefits
     -        -        -        -   
+ Service cost of pension benefits
     -        -        -        -   
+ Prior service cost of pension benefits
     -        -        -        -   
- Stock award values reported in the SCT for the covered year
     804,755        688,190        556,266        522,471   
- Option award values reported in the SCT for the covered year
     -        -        -        -   
+ Year end fair value for equity awards granted in the covered year that were outstanding and unvested at year end
     627,041        547,498        630,242        1,308,093   
+/- Year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered years
     999,592        (755,678)        658,604        393,249   
+ Vesting date fair value of equity awards granted and vested in the covered year
     -        -        -        -   
+/- Year-over-year change in fair value of equity awards granted in prior years that vested in the covered year
     424,055        (437,789)        191,413        (238,121)   
- Fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year
     -        -        -        -   
+ Dollar value of dividends /earnings paid on equity awards that vested in the covered year
     51,032        19,261        2,190        -   
+ Excess fair value for equity award modifications
     -        -        -        -   
Average Compensation Actually Paid to
Non-PEO
NEOs
     2,890,502        84,150        2,139,501        2,089,937   
     
Compensation Actually Paid vs. Total Shareholder Return
     
Compensation Actually Paid vs. Net Income
     
Compensation Actually Paid vs. Company Selected Measure
     
Total Shareholder Return Vs Peer Group
     
Tabular List, Table
See “
Additional Information – Use of
Non-GAAP
Financial Measures
” for a reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure.
The following table lists the financial performance measure that we believe represents the most important financial measure used to link compensation actually paid to our executives to Company performance.
 
 
Adjusted
EBITDA
 
   Performance-based incentive cash awards
   Performance-based incentive equity awards
  
     
Total Shareholder Return Amount $ 280 129 205 148
Peer Group Total Shareholder Return Amount 200 132 159 127
Net Income (Loss) $ 243,700,000 $ 223,400,000 $ 118,800,000 $ 97,200,000
Company Selected Measure Amount 485,900,000 439,300,000 285,400,000 245,600,000
PEO Name Jeffrey W. Edwards      
Measure:: 1        
Pay vs Performance Disclosure        
Name Performance-based incentive cash awards      
Non-GAAP Measure Description The CHC Committee has selected Adjusted EBITDA as the most important financial performance measure used to link our executive compensation to Company performance. See “
Additional Information – Use of
Non-GAAP
Financial Measures
” for a reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure. Adjusted EBITDA is rounded to the nearest hundred thousand.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Performance-based incentive equity awards      
PEO | Aggregate Change In Actuarial Present Value Of Pension Benefits [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0
PEO | Service Cost of Pension Benefits [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Prior Service Cost of Pension Benefits [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Stock award values reported in the SCT for the covered year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,837,502 3,377,950 2,703,051 2,502,713
PEO | Option award values reported in the SCT for the covered year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Year end fair value for equity awards granted in the covered year that were outstanding and unvested at year end [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,990,008 2,807,851 3,062,523 3,301,003
PEO | Yearoveryear change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,254,444 (2,062,567) 2,053,206 1,850,633
PEO | Vesting date fair value of equity awards granted and vested in the covered year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Yearoveryear change in fair value of equity awards granted in prior years that vested in the covered year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 983,445 (2,093,505) 892,293 (1,198,387)
PEO | Fair value as of prioryear end of equity awards granted in prior years that failed to vest in the covered year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Dollar value of dividendsearnings paid on equity awards that vested in the covered year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 111,476 92,108 10,209 0
PEO | Excess Fair Value for Equity Award Modifications [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Aggregate Change In Actuarial Present Value Of Pension Benefits [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Service Cost of Pension Benefits [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Prior Service Cost of Pension Benefits [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Stock award values reported in the SCT for the covered year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 804,755 688,190 556,266 522,471
Non-PEO NEO | Option award values reported in the SCT for the covered year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Year end fair value for equity awards granted in the covered year that were outstanding and unvested at year end [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 627,041 547,498 630,242 1,308,093
Non-PEO NEO | Yearoveryear change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 999,592 (755,678) 658,604 393,249
Non-PEO NEO | Vesting date fair value of equity awards granted and vested in the covered year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Yearoveryear change in fair value of equity awards granted in prior years that vested in the covered year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 424,055 (437,789) 191,413 (238,121)
Non-PEO NEO | Fair value as of prioryear end of equity awards granted in prior years that failed to vest in the covered year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Dollar value of dividendsearnings paid on equity awards that vested in the covered year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 51,032 19,261 2,190 0
Non-PEO NEO | Excess Fair Value for Equity Award Modifications [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0