XML 39 R25.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Interim Financial Data (Unaudited) | 12 Months Ended
--- | ---
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract] |
Interim Financial Data (Unaudited) |
19. | INTERIM FINANCIAL DATA (Unaudited)
|  | Three Months Ended |
|  | December 31, 2021 |  |  | September 30, 2021 |  |  | June 30, 2021 |  |  | March 31, 2021 |  |  | December 31, 2020 |  |  | September 30, 2020 |  |  | June 30, 2020 |  |  | March 31, 2020 |
|  | (In thousands, except share and per share data) |
Net sales |  | $ | 303,960 |  |  | $ | 335,872 |  |  | $ | 311,596 |  |  | $ | 245,524 |  |  | $ | 228,286 |  |  | $ | 231,502 |  |  | $ | 220,648 |  |  | $ | 200,395 |
Gross profit |  | $ | 118,180 |  |  | $ | 128,250 |  |  | $ | 118,273 |  |  | $ | 95,801 |  |  | $ | 92,392 |  |  | $ | 84,964 |  |  | $ | 92,405 |  |  | $ | 89,696 |
Net income |  | $ | 25,031 |  |  | $ | 73,795 |  |  | $ | 61,366 |  |  | $ | 48,545 |  |  | $ | 43,301 |  |  | $ | 42,710 |  |  | $ | 47,218 |  |  | $ | 42,402 |
Basic earnings per common share |  | $ | 0.22 |  |  | $ | 0.64 |  |  | $ | 0.53 |  |  | $ | 0.42 |  |  | $ | 0.37 |  |  | $ | 0.37 |  |  | $ | 0.41 |  |  | $ | 0.37 |
Basic weighted average common shares outstanding |  |  | 115,360,256 |  |  |  | 115,344,015 |  |  |  | 115,362,757 |  |  |  | 115,663,366 |  |  |  | 115,791,757 |  |  |  | 115,773,030 |  |  |  | 115,733,934 |  |  |  | 116,259,058 |
Diluted earnings per common share |  | $ | 0.21 |  |  | $ | 0.64 |  |  | $ | 0.53 |  |  | $ | 0.42 |  |  | $ | 0.37 |  |  | $ | 0.37 |  |  | $ | 0.41 |  |  | $ | 0.37 |
Diluted weighted average common shares outstanding |  |  | 115,631,911 |  |  |  | 115,625,760 |  |  |  | 115,662,626 |  |  |  | 116,017,400 |  |  |  | 116,169,754 |  |  |  | 116,134,623 |  |  |  | 116,061,988 |  |  |  | 116,647,442 |
The operating results for Trex Residential have historically varied from quarter to quarter. Seasonal, erratic or prolonged adverse weather conditions in certain geographic regions reduce the level of home improvement and construction activity and can shift demand for its products to a later period. The operating results for Trex Commercial have not historically varied from quarter to quarter as a result of seasonality; however, they are driven by the timing of individual projects, which may vary significantly each period. On July 29, 2020, the Company’s Board of Directors approved a two-for-one stock split of the Company’s common stock, par value, $0.01. The stock split was in the form of a stock dividend distributed on September 14, 2020, to stockholders of record at the close of business on August 19, 2020. The stock split entitled each stockholder to receive one additional share of common stock for each share they held as of the record date. All common stock share and per share data for all periods presented in the accompanying unaudited condensed consolidated financial statements and notes thereto have been retroactively adjusted to reflect the stock split.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration