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v3.20.2

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Details of Segment Information | The below segment data for the three and nine months ended September 30, 2020 and 2019 includes data for Trex Residential and Trex Commercial (in thousands): Segment Data:
|  | Three Months Ended September 30, 2020 |  |  | Three Months Ended September 30, 2019 |
|  | Trex Residential |  |  | Trex Commercial |  |  | Total |  |  | Trex Residential |  |  | Trex Commercial |  |  | Total |
Net sales |  | $ | 218,435 |  |  | $ | 13,067 |  |  | $ | 231,502 |  |  | $ | 182,775 |  |  | $ | 11,776 |  |  | $ | 194,551 |
Net income |  | $ | 42,225 |  |  | $ | 485 |  |  | $ | 42,710 |  |  | $ | 41,381 |  |  | $ | 595 |  |  | $ | 41,976 |
EBITDA |  | $ | 60,619 |  |  | $ | 853 |  |  | $ | 61,472 |  |  | $ | 57,639 |  |  | $ | 970 |  |  | $ | 58,609 |
Depreciation and amortization |  | $ | 4,326 |  |  | $ | 209 |  |  | $ | 4,535 |  |  | $ | 3,422 |  |  | $ | 165 |  |  | $ | 3,587 |
Income tax expense |  | $ | 14,276 |  |  | $ | 159 |  |  | $ | 14,435 |  |  | $ | 13,580 |  |  | $ | 210 |  |  | $ | 13,790 |
Capital expenditures |  | $ | 36,887 |  |  | $ | 197 |  |  | $ | 37,084 |  |  | $ | 17,766 |  |  | $ | 99 |  |  | $ | 17,865 |
Total assets |  | $ | 624,904 |  |  | $ | 93,331 |  |  | $ | 718,235 |  |  | $ | 482,825 |  |  | $ | 87,945 |  |  | $ | 570,770 |
Segment Data:
|  | Nine Months Ended September 30, 2020 |  |  | Nine Months Ended September 30, 2019 |
|  | Trex Residential |  |  | Trex Commercial |  |  | Total |  |  | Trex Residential |  |  | Trex Commercial |  |  | Total |
Net sales |  | $ | 614,187 |  |  | $ | 38,358 |  |  | $ | 652,545 |  |  | $ | 541,722 |  |  | $ | 38,853 |  |  | $ | 580,575 |
Net income |  | $ | 129,157 |  |  | $ | 3,174 |  |  | $ | 132,331 |  |  | $ | 107,859 |  |  | $ | 1,382 |  |  | $ | 109,241 |
EBITDA |  | $ | 183,064 |  |  | $ | 4,854 |  |  | $ | 187,918 |  |  | $ | 150,058 |  |  | $ | 2,282 |  |  | $ | 152,340 |
Depreciation and amortization |  | $ | 11,855 |  |  | $ | 595 |  |  | $ | 12,450 |  |  | $ | 9,947 |  |  | $ | 433 |  |  | $ | 10,380 |
Income tax expense |  | $ | 42,853 |  |  | $ | 1,085 |  |  | $ | 43,938 |  |  | $ | 33,046 |  |  | $ | 474 |  |  | $ | 33,520 |
Capital expenditures |  | $ | 98,913 |  |  | $ | 783 |  |  | $ | 99,696 |  |  | $ | 35,584 |  |  | $ | 1,342 |  |  | $ | 36,926 |
Total assets |  | $ | 624,904 |  |  | $ | 93,331 |  |  | $ | 718,235 |  |  | $ | 482,825 |  |  | $ | 87,945 |  |  | $ | 570,770 |
Schedule of Reconciliation of Net Income to EBITDA | Reconciliation of Net Income to EBITDA:
|  | Three Months Ended September 30, 2020 |  |  | Three Months Ended September 30, 2019 |
|  | Trex Residential |  |  | Trex Commercial |  |  | Total |  |  | Trex Residential |  |  | Trex Commercial |  |  | Total |
Net income |  | $ | 42,225 |  |  | $ | 485 |  |  | $ | 42,710 |  |  | $ | 41,381 |  |  | $ | 595 |  |  | $ | 41,976 |
Interest income, net |  |  | (208 | ) |  |  | — |  |  |  | (208 | ) |  |  | (744 | ) |  |  | — |  |  |  | (744 | )
Income tax expense |  |  | 14,276 |  |  |  | 159 |  |  |  | 14,435 |  |  |  | 13,580 |  |  |  | 210 |  |  |  | 13,790 |
Depreciation and amortization |  |  | 4,326 |  |  |  | 209 |  |  |  | 4,535 |  |  |  | 3,422 |  |  |  | 165 |  |  |  | 3,587 |
EBITDA |  | $ | 60,619 |  |  | $ | 853 |  |  | $ | 61,472 |  |  | $ | 57,639 |  |  | $ | 970 |  |  | $ | 58,609 |
Reconciliation of Net Income to EBITDA:
|  | Nine Months Ended September 30, 2020 |  |  | Nine Months Ended September 30, 2019 |
|  | Trex Residential |  |  | Trex Commercial |  |  | Total |  |  | Trex Residential |  |  | Trex Commercial |  |  | Total |
Net income |  | $ | 129,157 |  |  | $ | 3,174 |  |  | $ | 132,331 |  |  | $ | 107,859 |  |  | $ | 1,382 |  |  | $ | 109,241 |
Interest income, net |  |  | (801 | ) |  |  | — |  |  |  | (801 | ) |  |  | (794 | ) |  |  | (7 | ) |  |  | (801 | )
Income tax expense |  |  | 42,853 |  |  |  | 1,085 |  |  |  | 43,938 |  |  |  | 33,046 |  |  |  | 474 |  |  |  | 33,520 |
Depreciation and amortization |  |  | 11,855 |  |  |  | 595 |  |  |  | 12,450 |  |  |  | 9,947 |  |  |  | 433 |  |  |  | 10,380 |
EBITDA |  | $ | 183,064 |  |  | $ | 4,854 |  |  | $ | 187,918 |  |  | $ | 150,058 |  |  | $ | 2,282 |  |  | $ | 152,340 |

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