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SEGMENT REPORTING (Tables) | 3 Months Ended
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Mar. 29, 2025
SEGMENT REPORTING |
Segment Reporting | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 29, 2025
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | All | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Retail |  | Packaging |  | Construction |  | Other |  | Corporate |  | Total
Net sales to outside customers | ​ | $ | 607,383 | ​ | $ | 410,008 | ​ | $ | 515,940 | ​ | $ | 60,298 | ​ | $ | 1,890 | ​ | $ | 1,595,519
Intersegment net sales | ​ |  | (64,645) | ​ |  | (23,714) | ​ |  | (26,561) | ​ |  | (90,484) | ​ |  | 205,404 | ​ |  | —
Cost of goods sold | ​ |  | 526,088 | ​ |  | 340,434 | ​ |  | 425,140 | ​ |  | 49,666 | ​ | ​ | (14,005) | ​ |  | 1,327,323
Gross Profit | ​ |  | 81,295 | ​ | ​ | 69,574 | ​ | ​ | 90,800 | ​ | ​ | 10,632 | ​ | ​ | 15,895 | ​ | ​ | 268,196
Selling, general, administrative expenses | ​ |  | 55,355 | ​ | ​ | 47,769 | ​ | ​ | 62,784 | ​ | ​ | 8,462 | ​ | ​ | 1,884 | ​ |  | 176,254
Net loss (gain) on disposition and impairment of assets | ​ | ​ | 24 | ​ | ​ | 32 | ​ | ​ | 120 | ​ | ​ | — | ​ | ​ | (252) | ​ | ​ | (76)
Other (gains) losses, net | ​ |  | (218) | ​ | ​ | — | ​ | ​ | 80 | ​ | ​ | (54) | ​ | ​ | (42) | ​ |  | (234)
Earnings from operations | ​ |  | 26,134 | ​ | ​ | 21,773 | ​ | ​ | 27,816 | ​ | ​ | 2,224 | ​ | ​ | 14,305 | ​ | ​ | 92,252
Interest expense | ​ |  | 30 | ​ | ​ | 3 | ​ | ​ | — | ​ | ​ | (333) | ​ | ​ | 2,969 | ​ |  | 2,669
Interest and investment income | ​ | ​ | (90) | ​ | ​ | — | ​ | ​ | (1) | ​ | ​ | (308) | ​ | ​ | (10,718) | ​ | ​ | (11,117)
Equity in loss of investee | ​ | ​ | — | ​ | ​ | 325 | ​ | ​ | — | ​ | ​ | (306) | ​ | ​ | — | ​ | ​ | 19
Interest and other | ​ | ​ | (60) | ​ | ​ | 328 | ​ | ​ | (1) | ​ | ​ | (947) | ​ | ​ | (7,749) | ​ | ​ | (8,429)
Earnings before income taxes | ​ | ​ | 26,194 | ​ | ​ | 21,445 | ​ | ​ | 27,817 | ​ | ​ | 3,171 | ​ | ​ | 22,054 | ​ | ​ | 100,681
Income taxes | ​ | ​ | 5,531 | ​ | ​ | 4,528 | ​ | ​ | 5,873 | ​ | ​ | 669 | ​ | ​ | 4,657 | ​ | ​ | 21,258
Net earnings | ​ | $ | 20,663 | ​ | $ | 16,917 | ​ | $ | 21,944 | ​ | $ | 2,502 | ​ | $ | 17,397 | ​ | $ | 79,423
Other significant items: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization expense | ​ | $ | 957 | ​ | $ | 2,179 | ​ | $ | 702 | ​ | $ | 1,601 | ​ | $ | 378 | ​ | $ | 5,817
Depreciation expense | ​ | ​ | 7,310 | ​ | ​ | 8,897 | ​ | ​ | 6,191 | ​ | ​ | 944 | ​ | ​ | 9,599 | ​ | ​ | 32,941
Segment assets | ​ | ​ | 995,830 | ​ | ​ | 812,033 | ​ | ​ | 659,478 | ​ | ​ | 341,947 | ​ | ​ | 1,340,998 | ​ | ​ | 4,150,286
Capital expenditures | ​ | ​ | 32,308 | ​ | ​ | 25,260 | ​ | ​ | 6,428 | ​ | ​ | 614 | ​ | ​ | 2,658 | ​ | ​ | 67,268
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 30, 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | All | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Retail |  | Packaging |  | Construction |  | Other |  | Corporate |  | Total
Net sales to outside customers | ​ | $ | 628,765 | ​ | $ | 424,418 | ​ | $ | 517,896 | ​ | $ | 66,947 | ​ | $ | 940 | ​ | $ | 1,638,966
Intersegment net sales | ​ |  | 59,346 | ​ |  | 20,926 | ​ |  | 20,035 | ​ |  | 71,257 | ​ |  | (171,564) | ​ |  | —
Cost of goods sold | ​ | ​ | 527,641 | ​ | ​ | 338,978 | ​ |  | 403,561 | ​ | ​ | 49,002 | ​ | ​ | (6,294) | ​ | ​ | 1,312,888
Gross Profit | ​ | ​ | 101,124 | ​ | ​ | 85,440 | ​ | ​ | 114,335 | ​ | ​ | 17,945 | ​ | ​ | 7,234 | ​ | ​ | 326,078
Selling, general, administrative expenses | ​ | ​ | 55,610 | ​ | ​ | 53,941 | ​ | ​ | 69,150 | ​ | ​ | 13,391 | ​ | ​ | (33) | ​ | ​ | 192,059
Net (gain) loss on disposition and impairment of assets | ​ | ​ | (272) | ​ | ​ | 253 | ​ | ​ | (1) | ​ | ​ | (9) | ​ | ​ | (202) | ​ | ​ | (231)
Other (gains) losses, net | ​ | ​ | (194) | ​ | ​ | — | ​ | ​ | (156) | ​ | ​ | 690 | ​ | ​ | 87 | ​ | ​ | 427
Earnings from operations | ​ | ​ | 45,980 | ​ | ​ | 31,246 | ​ | ​ | 45,342 | ​ | ​ | 3,873 | ​ | ​ | 7,382 | ​ | ​ | 133,823
Interest expense | ​ | ​ | 29 | ​ |  | 4 | ​ |  | — | ​ |  | (817) | ​ |  | 3,920 | ​ |  | 3,136
Interest and investment income | ​ | ​ | (123) | ​ | ​ | (10) | ​ | ​ | (11) | ​ | ​ | (2,774) | ​ | ​ | (13,575) | ​ | ​ | (16,493)
Equity in loss of investee | ​ | ​ | — | ​ | ​ | 594 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 594
Interest and other | ​ | ​ | (94) | ​ | ​ | 588 | ​ | ​ | (11) | ​ | ​ | (3,591) | ​ | ​ | (9,655) | ​ | ​ | (12,763)
Earnings before income taxes | ​ | ​ | 46,074 | ​ | ​ | 30,658 | ​ | ​ | 45,353 | ​ | ​ | 7,464 | ​ | ​ | 17,037 | ​ | ​ | 146,586
Income taxes | ​ | ​ | 8,011 | ​ | ​ | 5,330 | ​ | ​ | 7,885 | ​ | ​ | 1,298 | ​ | ​ | 2,963 | ​ | ​ | 25,487
Net earnings | ​ | $ | 38,063 | ​ | $ | 25,328 | ​ | $ | 37,468 | ​ | $ | 6,166 | ​ | $ | 14,074 | ​ | $ | 121,099
Other significant items: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization expense | ​ | $ | 998 | ​ | $ | 2,192 | ​ | $ | 702 | ​ | $ | 1,534 | ​ | $ | 456 | ​ | $ | 5,882
Depreciation expense | ​ |  | 6,965 | ​ | ​ | 8,469 | ​ | ​ | 5,384 | ​ | ​ | 789 | ​ | ​ | 8,412 | ​ |  | 30,019
Segment assets | ​ |  | 966,544 | ​ | ​ | 794,418 | ​ | ​ | 655,972 | ​ | ​ | 310,360 | ​ | ​ | 1,351,345 | ​ |  | 4,078,639
Capital expenditures | ​ |  | 13,400 | ​ | ​ | 13,311 | ​ | ​ | 12,626 | ​ | ​ | 1,029 | ​ | ​ | 8,782 | ​ |  | 49,148
Schedule of Goodwill by Segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Retail |  | Packaging |  | Construction |  | All Other |  | Corporate |  | Total
Balance as of December 28, 2024 |  | $ | 84,116 |  | $ | 146,747 |  | $ | 87,401 |  | $ | 21,575 | ​ | $ | — |  | $ | 339,839
2025 Purchase Accounting Adjustments | ​ | ​ | — | ​ | ​ | 12 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 12
Foreign Exchange, Net |  | ​ | (1) | ​ | ​ | — | ​ | ​ | 33 | ​ | ​ | 372 | ​ | ​ | — |  | ​ | 404
Balance as of March 29, 2025 | ​ | $ | 84,115 |  | $ | 146,759 | ​ | $ | 87,434 | ​ | $ | 21,947 | ​ | $ | — | ​ | $ | 340,255
Schedule of net sales by business unit | The following table presents our disaggregated net sales (in thousands) by business unit for each segment for the three months ended March 29, 2025, and March 30, 2024 (in thousands).
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | March 29, | ​ | March 30, | ​
​ | ​ | 2025 |  | 2024 | ​
Retail | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deckorators | ​ | $ | 65,612 | ​ | $ | 74,135 | ​
ProWood | ​ |  | 540,469 | ​ |  | 553,245 | ​
Other | ​ |  | 1,302 | ​ |  | 1,385 | ​
Total Retail | ​ | $ | 607,383 | ​ | $ | 628,765 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Packaging | ​ | ​ | ​ | ​ | ​ | ​ | ​
Structural Packaging | ​ | $ | 255,982 | ​ | $ | 274,150 | ​
PalletOne | ​ | ​ | 134,219 | ​ | ​ | 132,490 | ​
Protective Packaging | ​ | ​ | 19,807 | ​ | ​ | 17,778 | ​
Total Packaging | ​ | $ | 410,008 | ​ | $ | 424,418 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction | ​ | ​ | ​ | ​ | ​ | ​ | ​
Factory Built | ​ | $ | 217,219 | ​ | $ | 191,834 | ​
Site Built | ​ |  | 190,617 | ​ |  | 221,559 | ​
Commercial | ​ | ​ | 63,720 | ​ | ​ | 61,384 | ​
Concrete Forming | ​ |  | 44,384 | ​ |  | 43,119 | ​
Total Construction | ​ | $ | 515,940 | ​ | $ | 517,896 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
All Other | ​ | $ | 60,298 | ​ | $ | 66,947 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Corporate | ​ | $ | 1,890 | ​ | $ | 940 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Net Sales | ​ | $ | 1,595,519 | ​ | $ | 1,638,966 | ​
​

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