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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 30, 2023

Dec. 31, 2022

Dec. 25, 2021

Dec. 26, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay versus Performance

As required by Section 953(a) of the Dodd-Frank Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain Company financial performance metrics. For further information concerning our pay-for-performance philosophy and how we align executive compensation with Company financial performance, refer to the Compensation Discussion and Analysis.

The following table provides information showing the relationship during 2023, 2022, 2021 and 2020 between (1) executive “compensation actually paid” (as defined by SEC rule) to (a) each person serving as our CEO and (b) our non-CEO named executive officers (also referred to as other NEOs below), on an average basis, and (2) the company’s financial performance. The company’s selected performance measure is Pre-Bonus Operating Profit (PBOP), as reflected in the chart below. Information presented in this section will not be deemed to be incorporated by reference into any of our filings under the Securities Act of 1933, as amended, or the Exchange Act, except as we may specifically do so.

YEAR			SUMMARY COMPENSATION TABLE TOTAL FOR CEO(1)			COMPENSATION ACTUALLY PAID TO CEO(1)			AVERAGE SUMMARY COMPENSATION TABLE TOTAL FOR NON-CEO NAMED EXECUTIVE OFFICERS(2)			AVERAGE COMPENSATION ACTUALLY PAID TO NON-CEO NAMED EXECUTIVE OFFICERS(2)			VALUE OF INITIAL FIXED $100 INVESTMENT BASED ON:(3)						NET INCOME (IN MILLIONS)(5)			COMPANY SELECTED PERFORMANCE MEASURE (PBOP) (IN MILLIONS)(6)
YEAR			SUMMARY COMPENSATION TABLE TOTAL FOR CEO(1)			COMPENSATION ACTUALLY PAID TO CEO(1)									COMPANY TSR			PEER GROUP TSR(4)			NET INCOME (IN MILLIONS)(5)
2023⁽⁷⁾			$8,454,535			$25,887,887			$2,972,776			$8,562,233			$268			$198			$514			$824
2022⁽⁷⁾			$10,299,274			$8,172,530			$4,761,045			$4,448,741			$167			$119			$693			$1,189
2021⁽⁷⁾			$9,757,808			$16,098,142			$4,728,970			$7,399,581			$183			$163			$536			$893
2020⁽⁷⁾			$6,220,661			$6,430,626			$3,029,958			$3,431,864			$117			$125			$247			$416

1.	Matthew Missad served as our CEO for the entirety of 2023, 2022, 2021 and 2020.

2.	The NEOs included in this calculation for each year are:

2023 – Patrick Benton, Michael Cole, Scott Worthington and William Schwartz

2022 – Patrick Benton, Michael Cole, Patrick Webster, and Scott Worthington

2021 – Patrick Benton, Michael Cole, Patrick Webster, and Scott Worthington

3.	This comparison assumes $100 was invested on Dec 28, 2019 in our common stock and in an index of our peers.

4.

Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization as of December 28, 2019. The peer group used for this purpose is our self-determined industry peer group as disclosed in our annual report. This peer group is as follows: American Woodmark Corporation, Louisiana-Pacific Corporation, Masco Corporation, Boise Cascade Company, Patrick Industries, Inc., Builders FirstSource, Inc., Simpson Manufacturing Company, Inc., Sonoco Products Company, Gibraltar Industries, Inc., Trex Company, Inc., Greif, Inc., and WestRock Company.

5.	The dollar amounts reported represent the net income reflected in the company’s audited consolidated financial statements for the applicable year.

6.

PBOP represents pre-incentive compensation operating profit of each plant, region/business unit, segment as well as Corporate. ROI is determined based upon the Profit Center’s pre-incentive compensation operating profit, less income taxes, divided by the average investment of the Profit Center. Average investment is defined as the average of inventory, plus accounts receivable, plus net property, plant and equipment, plus intangibles, less accumulated amortization and less accounts payable.

7.

The table below sets forth each of the amounts required by SEC rule to be deducted from and added to the amount of total compensation as reflected in the Summary Compensation Table, to calculate Compensation Actually Paid. Because the PSUs are earned based on specified performance-criteria, in computing these amounts with respect to PSUs, total fair value (FV) as of year-end is based on the expected payout of the PSUs using data through year-end. There were no other assumptions made in the valuation of equity awards that differs materially from those disclosed as of the grant date of such equity awards.

			2023						2022						2021
			CEO			OTHER NEOS AVERAGE			CEO			OTHER NEOS AVERAGE			CEO			OTHER NEOS AVERAGE
Total Compensation for covered fiscal year (FY) from Summary Compensation Table (SCT)			$8,454,535			$2,972,776			$10,299,274			$4,761,045			$9,757,808			$4,728,970
DEDUCT: grant date fair value (GDFV) of equity awards reported in SCT			$5,795,703			$1,713,776			$7,697,308			$3,477,611			$7,244,629			$3,579,830
ADD: FV as of FY-end of equity awards granted during the year that are outstanding and unvested as of FY-end			$11,087,446			$3,272,452			$7,108,725			$3,860,576			$6,491,406			$2,900,557
ADD: change as of end of FY in FV of awards granted in any prior year that are outstanding and unvested as of FY-end			$11,526,107			$3,861,284			($1,647,461)			($725,974)			$5,254,494			$2,603,131
ADD: change as of the vesting date (from end of prior FY) in FV for any equity awards granted in any prior year that vested at the end of or during FY			$153,440			$53,592			($256,368)			($127,302)			$1,546,200			$638,919
ADD: FV as of the vesting date for awards that are granted and vest in the same FY			$91,081			$—			$89,500			$22,375			$135,718			$33,930
ADD: Dividends or other earnings paid on stock or option awards in the covered FYY prior to the vesting date that are not otherwise included in the total compensation for the covered FY			$370,981			$115,905			$276,168			$135,631			$157,145			$73,904
DEDUCT: FV at the end of the prior FY for awards granted in any prior year that failed to meet applicable vesting conditions during FY			$—			$—			$—			$—			$—			$—
DEDUCT: change in actuarial present value of the accumulated benefit under all defined benefit and actuarial pension plans reported in SCT			$—			$—			$—			$—			$—			$—
ADD: aggregate of (i) pension service cost attributable to services rendered during the FY and (ii) any prior service cost attributable to services rendered in prior periods, as determined under Accounting Standards Codification (ASC) 715			$—			$—			$—			$—			$—			$—
Compensation Actually Paid (as defined by SEC rule)			$25,887,887			$8,562,233			$8,172,530			$4,448,741			$16,098,142			$7,399,581

Company Selected Measure Name

PBOP

Named Executive Officers, Footnote

1.	Matthew Missad served as our CEO for the entirety of 2023, 2022, 2021 and 2020.

2.	The NEOs included in this calculation for each year are:

2023 – Patrick Benton, Michael Cole, Scott Worthington and William Schwartz

2022 – Patrick Benton, Michael Cole, Patrick Webster, and Scott Worthington

2021 – Patrick Benton, Michael Cole, Patrick Webster, and Scott Worthington

Peer Group Issuers, Footnote

4.

Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization as of December 28, 2019. The peer group used for this purpose is our self-determined industry peer group as disclosed in our annual report. This peer group is as follows: American Woodmark Corporation, Louisiana-Pacific Corporation, Masco Corporation, Boise Cascade Company, Patrick Industries, Inc., Builders FirstSource, Inc., Simpson Manufacturing Company, Inc., Sonoco Products Company, Gibraltar Industries, Inc., Trex Company, Inc., Greif, Inc., and WestRock Company.

PEO Total Compensation Amount

$ 8,454,535

$ 10,299,274

$ 9,757,808

$ 6,220,661

PEO Actually Paid Compensation Amount

$ 25,887,887

8,172,530

16,098,142

6,430,626

Adjustment To PEO Compensation, Footnote

7.

The table below sets forth each of the amounts required by SEC rule to be deducted from and added to the amount of total compensation as reflected in the Summary Compensation Table, to calculate Compensation Actually Paid. Because the PSUs are earned based on specified performance-criteria, in computing these amounts with respect to PSUs, total fair value (FV) as of year-end is based on the expected payout of the PSUs using data through year-end. There were no other assumptions made in the valuation of equity awards that differs materially from those disclosed as of the grant date of such equity awards.

			2023						2022						2021
			CEO			OTHER NEOS AVERAGE			CEO			OTHER NEOS AVERAGE			CEO			OTHER NEOS AVERAGE
Total Compensation for covered fiscal year (FY) from Summary Compensation Table (SCT)			$8,454,535			$2,972,776			$10,299,274			$4,761,045			$9,757,808			$4,728,970
DEDUCT: grant date fair value (GDFV) of equity awards reported in SCT			$5,795,703			$1,713,776			$7,697,308			$3,477,611			$7,244,629			$3,579,830
ADD: FV as of FY-end of equity awards granted during the year that are outstanding and unvested as of FY-end			$11,087,446			$3,272,452			$7,108,725			$3,860,576			$6,491,406			$2,900,557
ADD: change as of end of FY in FV of awards granted in any prior year that are outstanding and unvested as of FY-end			$11,526,107			$3,861,284			($1,647,461)			($725,974)			$5,254,494			$2,603,131
ADD: change as of the vesting date (from end of prior FY) in FV for any equity awards granted in any prior year that vested at the end of or during FY			$153,440			$53,592			($256,368)			($127,302)			$1,546,200			$638,919
ADD: FV as of the vesting date for awards that are granted and vest in the same FY			$91,081			$—			$89,500			$22,375			$135,718			$33,930
ADD: Dividends or other earnings paid on stock or option awards in the covered FYY prior to the vesting date that are not otherwise included in the total compensation for the covered FY			$370,981			$115,905			$276,168			$135,631			$157,145			$73,904
DEDUCT: FV at the end of the prior FY for awards granted in any prior year that failed to meet applicable vesting conditions during FY			$—			$—			$—			$—			$—			$—
DEDUCT: change in actuarial present value of the accumulated benefit under all defined benefit and actuarial pension plans reported in SCT			$—			$—			$—			$—			$—			$—
ADD: aggregate of (i) pension service cost attributable to services rendered during the FY and (ii) any prior service cost attributable to services rendered in prior periods, as determined under Accounting Standards Codification (ASC) 715			$—			$—			$—			$—			$—			$—
Compensation Actually Paid (as defined by SEC rule)			$25,887,887			$8,562,233			$8,172,530			$4,448,741			$16,098,142			$7,399,581

Non-PEO NEO Average Total Compensation Amount

$ 2,972,776

4,761,045

4,728,970

3,029,958

Non-PEO NEO Average Compensation Actually Paid Amount

$ 8,562,233

4,448,741

7,399,581

3,431,864

Adjustment to Non-PEO NEO Compensation Footnote

7.

The table below sets forth each of the amounts required by SEC rule to be deducted from and added to the amount of total compensation as reflected in the Summary Compensation Table, to calculate Compensation Actually Paid. Because the PSUs are earned based on specified performance-criteria, in computing these amounts with respect to PSUs, total fair value (FV) as of year-end is based on the expected payout of the PSUs using data through year-end. There were no other assumptions made in the valuation of equity awards that differs materially from those disclosed as of the grant date of such equity awards.

			2023						2022						2021
			CEO			OTHER NEOS AVERAGE			CEO			OTHER NEOS AVERAGE			CEO			OTHER NEOS AVERAGE
Total Compensation for covered fiscal year (FY) from Summary Compensation Table (SCT)			$8,454,535			$2,972,776			$10,299,274			$4,761,045			$9,757,808			$4,728,970
DEDUCT: grant date fair value (GDFV) of equity awards reported in SCT			$5,795,703			$1,713,776			$7,697,308			$3,477,611			$7,244,629			$3,579,830
ADD: FV as of FY-end of equity awards granted during the year that are outstanding and unvested as of FY-end			$11,087,446			$3,272,452			$7,108,725			$3,860,576			$6,491,406			$2,900,557
ADD: change as of end of FY in FV of awards granted in any prior year that are outstanding and unvested as of FY-end			$11,526,107			$3,861,284			($1,647,461)			($725,974)			$5,254,494			$2,603,131
ADD: change as of the vesting date (from end of prior FY) in FV for any equity awards granted in any prior year that vested at the end of or during FY			$153,440			$53,592			($256,368)			($127,302)			$1,546,200			$638,919
ADD: FV as of the vesting date for awards that are granted and vest in the same FY			$91,081			$—			$89,500			$22,375			$135,718			$33,930
ADD: Dividends or other earnings paid on stock or option awards in the covered FYY prior to the vesting date that are not otherwise included in the total compensation for the covered FY			$370,981			$115,905			$276,168			$135,631			$157,145			$73,904
DEDUCT: FV at the end of the prior FY for awards granted in any prior year that failed to meet applicable vesting conditions during FY			$—			$—			$—			$—			$—			$—
DEDUCT: change in actuarial present value of the accumulated benefit under all defined benefit and actuarial pension plans reported in SCT			$—			$—			$—			$—			$—			$—
ADD: aggregate of (i) pension service cost attributable to services rendered during the FY and (ii) any prior service cost attributable to services rendered in prior periods, as determined under Accounting Standards Codification (ASC) 715			$—			$—			$—			$—			$—			$—
Compensation Actually Paid (as defined by SEC rule)			$25,887,887			$8,562,233			$8,172,530			$4,448,741			$16,098,142			$7,399,581

Compensation Actually Paid vs. Total Shareholder Return

The graphs below describe the relationship between pay and performance by comparing compensation actually paid to our Chief Executive Officer as well as average actual compensation paid to our non-Chief Executive Officer, Named Executives in relation to our cumulative TSR, peer group TSR, net income and PBOP, as defined in footnote six (6) to the Pay versus Performance table above.

Compensation Actually Paid and Total Shareholder Return

Compensation Actually Paid vs. Net Income

The graphs below describe the relationship between pay and performance by comparing compensation actually paid to our Chief Executive Officer as well as average actual compensation paid to our non-Chief Executive Officer, Named Executives in relation to our cumulative TSR, peer group TSR, net income and PBOP, as defined in footnote six (6) to the Pay versus Performance table above.

Compensation Actually Paid and Net Income

Compensation Actually Paid vs. Company Selected Measure

The graphs below describe the relationship between pay and performance by comparing compensation actually paid to our Chief Executive Officer as well as average actual compensation paid to our non-Chief Executive Officer, Named Executives in relation to our cumulative TSR, peer group TSR, net income and PBOP, as defined in footnote six (6) to the Pay versus Performance table above.

Compensation Actually Paid and Pre-Bonus Operating Profit

Total Shareholder Return Vs Peer Group

The graphs below describe the relationship between pay and performance by comparing compensation actually paid to our Chief Executive Officer as well as average actual compensation paid to our non-Chief Executive Officer, Named Executives in relation to our cumulative TSR, peer group TSR, net income and PBOP, as defined in footnote six (6) to the Pay versus Performance table above.

Compensation Actually Paid and Total Shareholder Return

Tabular List, Table

Financial Performance Measures

As discussed in the Compensation Discussion and Analysis, our executive compensation program and compensation decisions reflect a pay-for-performance philosophy. The metrics used within our incentive plans are selected to support these objectives. As explained in the Compensation Discuss and Analysis, the most important financial performance measure used by the Company to link executive compensation actually paid to the Company’s NEOs for the most recently completed fiscal year to the Company’s performance is pre-bonus operating profit relative to target levels of return on investment.

Total Shareholder Return Amount

$ 268

167

183

117

Peer Group Total Shareholder Return Amount

198

119

163

125

Net Income (Loss)

$ 514,000,000

$ 693,000,000

$ 536,000,000

$ 247,000,000

Company Selected Measure Amount

824,000,000

1,189,000,000

893,000,000

416,000,000

Matthew Missad

Matthew Missad

Matthew Missad

Matthew Missad

Pay vs Performance Disclosure

pre-bonus operating profit

PEO | Grant Date Fair Value (GDFV) of Equity Awards Reported in SCT [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (5,795,703)

$ (7,697,308)

$ (7,244,629)

PEO | FV as of FY-End of Equity Awards Granted During the Year that are Outstanding and Unvested as of FY-End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

11,087,446

7,108,725

6,491,406

PEO | Change as of End of FY in FV of Awards Granted in any Prior Year that are Outstanding and Unvested as of FY-End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

11,526,107

(1,647,461)

5,254,494

PEO | Change as of the Vesting Date (From End of Prior FY) in FV for any Equity Awards Granted in any Prior Year that Vested at the End of or During FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

153,440

(256,368)

1,546,200

PEO | FV as of the Vesting Date for Awards that are Granted and Vest in the Same FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

91,081

89,500

135,718

PEO | Dividends or Other Earnings Paid on Stock or Option Awards in the Covered FYY Prior to the Vesting Date that are not Otherwise Included in the Total Compensation for the Covered FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

370,981

276,168

157,145

PEO | FV at the End of the Prior FY for Awards Granted in any Prior Year that Failed to Meet Applicable Vesting Conditions During FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

PEO | Change in Actuarial Present Value of the Accumulated Benefit Under all Defined Benefit and Actuarial Pension Plans Reported in SCT [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

PEO | Aggregate of Pension Service Cost Attributable to Services Rendered During the FY and any Prior Service Cost Attributable to Services Rendered in Prior Periods, Under Accounting Standards Codification (ASC) 715 [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

Non-PEO NEO | Grant Date Fair Value (GDFV) of Equity Awards Reported in SCT [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,713,776)

(3,477,611)

(3,579,830)

Non-PEO NEO | FV as of FY-End of Equity Awards Granted During the Year that are Outstanding and Unvested as of FY-End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,272,452

3,860,576

2,900,557

Non-PEO NEO | Change as of End of FY in FV of Awards Granted in any Prior Year that are Outstanding and Unvested as of FY-End [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,861,284

(725,974)

2,603,131

Non-PEO NEO | Change as of the Vesting Date (From End of Prior FY) in FV for any Equity Awards Granted in any Prior Year that Vested at the End of or During FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

53,592

(127,302)

638,919

Non-PEO NEO | FV as of the Vesting Date for Awards that are Granted and Vest in the Same FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

22,375

33,930

Non-PEO NEO | Dividends or Other Earnings Paid on Stock or Option Awards in the Covered FYY Prior to the Vesting Date that are not Otherwise Included in the Total Compensation for the Covered FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

115,905

135,631

73,904

Non-PEO NEO | FV at the End of the Prior FY for Awards Granted in any Prior Year that Failed to Meet Applicable Vesting Conditions During FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

Non-PEO NEO | Change in Actuarial Present Value of the Accumulated Benefit Under all Defined Benefit and Actuarial Pension Plans Reported in SCT [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

Non-PEO NEO | Aggregate of Pension Service Cost Attributable to Services Rendered During the FY and any Prior Service Cost Attributable to Services Rendered in Prior Periods, Under Accounting Standards Codification (ASC) 715 [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

$ 0

$ 0