XML 43 R26.htm IDEA: XBRL DOCUMENT v3.20.4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 26, 2020

Schedule of Accounts Receivable Allowances

The following table presents the activity in our accounts receivable allowances (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Additions

​

​

​

​

​

​

​

​

​

Charged to

​

​

​

​

​

​

​

​

Beginning

​

Costs and

​

​

​

Ending

​

​

Balance

​

Expenses

​

Deductions*

​

Balance

Year Ended December 26, 2020:

​

​

​

​

Allowance for possible losses on accounts receivable

​

$

4,440

​

$

48,954

​

$

(48,765)

​

$

4,629

Year Ended December 28, 2019:

​

​

​

​

Allowance for possible losses on accounts receivable

​

$

2,601

​

$

39,481

​

$

(37,642)

​

$

4,440

Year Ended December 29, 2018:

​

​

​

​

Allowance for possible losses on accounts receivable

​

$

2,424

​

$

38,963

​

$

(38,786)

​

$

2,601

* Includes accounts charged off, discounts given to customers and actual customer returns and allowances.

Schedule of Estimated Useful Lives of Property, Plant, and Equipment

​

​	​	​
Land improvements		5 to 15 years
Buildings and improvements		10 to 32 years
Machinery, equipment and office furniture		2 to 20 years

​

Schedule of Disaggregation of revenue

​

​	​	​	​	​	​	​	​	​
(in thousands)		December 26,			December 28,			​
​	​	2020		​	2019		​	% Change
FOB Shipping Point Revenue	​	$	5,025,895	​	$	4,272,583		17.6%
Construction Contract Revenue	​		128,103	​	​	143,426		(10.7)%
Total Net Sales	​	$	5,153,998	​	$	4,416,009		16.7%

Schedule of Percentage of Completion Account Balances

The following table presents the balances of over time accounting accounts on December 26, 2020 and December 28, 2019 which are included in “Other current assets” and “Accrued liabilities: Other”, respectively (in thousands):

​	​	​	​	​	​	​
​	​	December 26,		​	December 28,
​		2020			2019
Cost and Earnings in Excess of Billings		$	4,169		$	4,690
Billings in Excess of Cost and Earnings	​		11,530			6,622

Schedule of Computation of earnings per share

The computation of EPS is as follows (in thousands):

​

​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
​		December 26,			December 28,			December 29,
​	​	2020		​	2019		​	2018
Numerator:		​			​			​
Net earnings attributable to controlling interest	​	$	246,778	​	$	179,650	​	$	148,598
Adjustment for earnings allocated to non-vested restricted common stock	​		(6,903)	​		(4,496)	​		(3,396)
Net earnings for calculating EPS	​	$	239,875	​	$	175,154	​	$	145,202
Denominator:	​			​			​
Weighted average shares outstanding	​		61,632	​		61,649	​		61,762
Adjustment for non-vested restricted common stock	​		(1,724)	​		(1,543)	​		(1,411)
Shares for calculating basic EPS	​		59,908	​		60,106	​		60,351
Effect of dilutive restricted common stock	​		20	​		24	​		82
Shares for calculating diluted EPS	​		59,928	​		60,130	​		60,433
Net earnings per share:	​			​			​
Basic	​	$	4.00	​	$	2.91	​	$	2.41
Diluted	​	$	4.00	​	$	2.91	​	$	2.40

X

- Definition

Tabular disclosure of the estimated useful lives of property, plant and equipment.

+ References

No definition available.

+ Details

Name:	ufpi_ScheduleOfEstimatedUsefulLivesOfPropertyPlantAndEquipmentTableTextBlock
Namespace Prefix:	ufpi_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the percentage-of-completion account balances, which are included in other current assets and other accrued liabilities.

+ References

No definition available.

+ Details

Name:	ufpi_ScheduleOfPercentageOfCompletionAccountBalancesTableTextBlock
Namespace Prefix:	ufpi_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

+ Details

Name:	us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration