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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
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 2024 or in setting target compensation for 2025. 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.
 
                   
 Value of Initial Fixed $100  
Investment Based On 
       
Year
 
Summary
Compensation
Table Total for
CEO
($)1
 
Compensation
Actually Paid to
CEO
($)1
 
Average Summary
Compensation
Table Total
Compensation
for Other NEOs
($)2,3
 
Average
Compensation
Actually Paid to
Other NEOs
(4)
 
Cumulative
Total
Shareholder
Return
($)
 
Peer Group
Cumulative
Total
Shareholder
Return
($)4
 
Net Income
($)
 
Adjusted
EBITDA
($)5
                 
 2024 
  6,174,107    6,243,012    1,581,623    1,523,695    271   225   256,600,000   511,400,000 
 2023 
  5,932,174    10,434,046    1,593,537    2,890,501    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 2024, 2023, 2022, 2021 and 2020.
  (2)
Compensation actually paid to our PEO in each of 2024, 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.
 
  CEO
  
2024
($)
    
2023
($)
    
2022
($)
    
2021
($)
    
2020
($)
 
Summary Compensation Table (SCT) Total Compensation
     6,174,107        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
     -        -        -        -        -   
- SCT stock award values reported in the SCT for the covered year
     3,999,949        3,837,502        3,377,950        2,703,051        2,502,713   
- SCT 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
     3,265,959        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
     (388,818)        4,254,444        (2,062,567)        2,053,206        1,850,633   
-/+ Year-over-year change in fair value of equity awards granted in prior years that vested in the covered year
     1,053,946        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 in the covered year
     137,767        111,476        92,108        10,209        -   
+ Excess fair value for equity award modifications
     -        -        -        -        -   
Compensation Actually Paid to PEO
     6,243,012        10,434,046        696,971        7,666,457        5,547,911   
 
  (3)
Our
Non-PEO
Named Executive Officers were Brad Wheeler, Jeffrey Hire, Michael Miller and Jason Niswonger for 2024 and 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 2024, 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 non-PEO NEOs
 
  
2024
($)
 
    
2023
($)
 
    
2022
($)
 
    
2021
($)
 
    
2020
($)
 
 
Average Summary Compensation Table (SCT) Total Compensation
     1,581,623        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
     -        -        -        -        -   
- SCT stock award values reported in the SCT for the covered year
     756,182        804,755        688,190        556,266        522,471   
- SCT 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
     617,450        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
     (58,567)        999,592        (755,678)        658,604        393,249   
+/- Year-over-year change in fair value of equity awards granted in prior years that vested in the covered year
     123,755        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 in the covered year
     15,616        51,032        19,261        2,190        -   
+ Excess fair value for equity award modifications
     -        -        -        -        -   
Average Compensation Actually Paid to non-PEO NEOs
     1,523,695        2,890,501        84,150        2,139,501        2,089,937   
 
  (5)
For each of the five 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, 2024. 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, 2023 and 2024, would have been: $120, $138, $110, $129 and $225, 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 Brad Wheeler, Jeffrey Hire, Michael Miller and Jason Niswonger for 2024 and 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 five 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, 2024. 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, 2023 and 2024, would have been: $120, $138, $110, $129 and $225, respectively        
PEO Total Compensation Amount $ 6,174,107 $ 5,932,174 $ 5,331,034 $ 4,351,277 $ 4,097,375
PEO Actually Paid Compensation Amount $ 6,243,012 10,434,046 696,971 7,666,457 5,547,911
Adjustment To PEO Compensation, Footnote
  (2)
Compensation actually paid to our PEO in each of 2024, 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.
 
  CEO
  
2024
($)
    
2023
($)
    
2022
($)
    
2021
($)
    
2020
($)
 
Summary Compensation Table (SCT) Total Compensation
     6,174,107        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
     -        -        -        -        -   
- SCT stock award values reported in the SCT for the covered year
     3,999,949        3,837,502        3,377,950        2,703,051        2,502,713   
- SCT 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
     3,265,959        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
     (388,818)        4,254,444        (2,062,567)        2,053,206        1,850,633   
-/+ Year-over-year change in fair value of equity awards granted in prior years that vested in the covered year
     1,053,946        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 in the covered year
     137,767        111,476        92,108        10,209        -   
+ Excess fair value for equity award modifications
     -        -        -        -        -   
Compensation Actually Paid to PEO
     6,243,012        10,434,046        696,971        7,666,457        5,547,911   
       
Non-PEO NEO Average Total Compensation Amount $ 1,581,623 1,593,537 1,399,047 1,213,319 1,149,186
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,523,695 2,890,501 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 2024, 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 non-PEO NEOs
 
  
2024
($)
 
    
2023
($)
 
    
2022
($)
 
    
2021
($)
 
    
2020
($)
 
 
Average Summary Compensation Table (SCT) Total Compensation
     1,581,623        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
     -        -        -        -        -   
- SCT stock award values reported in the SCT for the covered year
     756,182        804,755        688,190        556,266        522,471   
- SCT 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
     617,450        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
     (58,567)        999,592        (755,678)        658,604        393,249   
+/- Year-over-year change in fair value of equity awards granted in prior years that vested in the covered year
     123,755        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 in the covered year
     15,616        51,032        19,261        2,190        -   
+ Excess fair value for equity award modifications
     -        -        -        -        -   
Average Compensation Actually Paid to non-PEO NEOs
     1,523,695        2,890,501        84,150        2,139,501        2,089,937   
       
Compensation Actually Paid vs. Total Shareholder Return LOGO        
Compensation Actually Paid vs. Net Income LOGO        
Compensation Actually Paid vs. Company Selected Measure LOGO        
Total Shareholder Return Vs Peer Group LOGO        
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 $ 271 280 129 205 148
Peer Group Total Shareholder Return Amount 225 200 132 159 127
Net Income (Loss) $ 256,600,000 $ 243,700,000 $ 223,400,000 $ 118,800,000 $ 97,200,000
Company Selected Measure Amount 511,400,000 485,900,000 439,300,000 285,400,000 245,600,000
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 Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,265,959 2,990,008 2,807,851 3,062,523 3,301,003
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (388,818) 4,254,444 (2,062,567) 2,053,206 1,850,633
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,053,946 983,445 (2,093,505) 892,293 (1,198,387)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 137,767 111,476 92,108 10,209 0
PEO | SCT stock award values reported in the SCT for the covered year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,999,949) (3,837,502) (3,377,950) (2,703,051) (2,502,713)
PEO | SCT option award values reported in the SCT for the covered year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Excess Fair Value for Equity Award Modifications [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 617,450 627,041 547,498 630,242 1,308,093
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (58,567) 999,592 (755,678) 658,604 393,249
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 123,755 424,055 (437,789) 191,413 (238,121)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 15,616 51,032 19,261 2,190 0
Non-PEO NEO | SCT stock award values reported in the SCT for the covered year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (756,182) (804,755) (688,190) (556,266) (522,471)
Non-PEO NEO | SCT option award values reported in the SCT for the covered year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Excess Fair Value for Equity Award Modifications [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0