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SEGMENT INFORMATION
 9 Months Ended
Sep. 28, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company has two reportable segments, Manufacturing and Distribution, which are defined based on the way in which internally reported information is regularly reviewed and evaluated by the Company’s chief operating decision maker (the "CODM"), who is our Chairman and Chief Executive Officer, to allocate resources, evaluate financial results and make decisions. The Company does not measure profitability at the end market (RV, marine, powersports, MH and industrial) level.

Manufacturing – This segment includes the following products: laminated products that are utilized to produce furniture, shelving, walls, countertops and cabinet products; cabinet doors; fiberglass bath fixtures and tile systems; hardwood furniture; vinyl printing; RV and marine furniture; audio systems and accessories, including amplifiers, tower speakers, soundbars, and subwoofers; decorative vinyl and paper laminated panels; solid surface, granite, and quartz countertop fabrication; RV painting; fabricated aluminum products; fiberglass and plastic components; fiberglass bath fixtures and tile systems; softwoods lumber; custom cabinetry; polymer-based and other flooring; electrical systems
components including instrument and dash panels; wrapped vinyl, paper and hardwood profile mouldings; interior passage doors; air handling products; slide-out trim and fascia; thermoformed shower surrounds; specialty bath and closet building products; fiberglass and plastic helm systems and components products; treated, untreated and laminated plywood; wiring and wire harnesses; adhesives and sealants; boat towers, tops, trailers and frames; marine hardware and accessories; protective covers for boats, RVs, aircraft, and military and industrial equipment; aluminum and plastic fuel tanks; CNC molds and composite parts; roofs/canopies; wiper systems; integrated door systems; windshield systems; slotwall panels and components; fender flares and rear panels; and other products.

Distribution – The Company distributes pre-finished wall and ceiling panels; drywall and drywall finishing products; electronics and audio systems components; appliances; marine accessories and components; wiring, electrical and plumbing products; fiber reinforced polyester products; cement siding; raw and processed lumber; interior passage doors; roofing products; laminate and ceramic flooring; tile; shower doors; furniture; fireplaces and surrounds; interior and exterior lighting products; RV awnings, windows, fiberglass siding and roofing; marine windshields; and other miscellaneous products in addition to providing transportation and logistics services.

The CODM evaluates the performance of the Company's segments and allocates resources to them based on a variety of indicators including but not limited to net sales, gross profit and operating income. On at least a quarterly basis, the CODM considers actual to budget variances as well as actual to prior year actual performance for both profit measures when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses segment gross profit and segment operating income to assess the performance of each segment by comparing the results of each segment with one another.

The accounting policies of the segments are the same as those described in Note 1 "Basis of Presentation and Significant Accounting Policies" included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 20, 2025. Segment net sales data includes inter-segment sales. The Company accounts for inter-segment sales similar to third party transactions, which reflect current market prices. Certain income from purchase incentive agreements is not allocated to the segments and instead recorded at the corporate level. Assets are identified to the segments except for cash, prepaid expenses, land and buildings, and certain deferred assets, which are identified with corporate. Corporate charges rent to the segments for use of the land and buildings based upon estimated market rates.
The following tables summarize key financial information by segment:
Third Quarter Ended September 28, 2025
($ in thousands)ManufacturingDistribution
Total
Total net sales$722,826 $259,037 $981,863 
Cost of goods sold564,041 199,270 763,311 
Gross profit$158,785 $59,767 $218,552 
Operating expenses74,380 36,584 110,964 
  Operating income$84,405 $23,183 $107,588 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative20,460 
Amortization of intangible assets24,108 
Interest expense, net18,451 
Elimination of inter-segment profits(3,273)
Consolidated income before income taxes$47,842 
Capital expenditures$19,440 $227 $19,667 
Depreciation and amortization$35,792 $4,531 $40,323 
 Third Quarter Ended September 29, 2024
($ in thousands)
Manufacturing
Distribution
Total
Total net sales
$685,296 $239,135 $924,431 
Cost of goods sold
531,503 185,905 717,408 
Gross Profit
$153,793 $53,230 $207,023 
Operating expenses
67,364 29,830 97,194 
Operating income
$86,429 $23,400 $109,829 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative
18,277 
Amortization of intangible assets
24,433 
Interest expense, net
20,050 
Elimination of inter-segment profits
(7,298)
Consolidated income before income taxes
$54,367 
Capital expenditures$13,477 $2,520 $15,997 
Depreciation and amortization
$36,316 $4,017 $40,333 
Nine Months Ended September 28, 2025
($ in thousands)ManufacturingDistribution
Total
Total net sales$2,253,833 $790,611 $3,044,444 
Cost of goods sold1,746,369 596,969 2,343,338 
Gross profit$507,464 $193,642 $701,106 
Operating expenses221,815 113,041 334,856 
  Operating income$285,649 $80,601 $366,250 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative76,344 
Amortization of intangible assets73,084 
Interest expense, net56,432 
Elimination of inter-segment profits(1,762)
Other expense24,420
Consolidated income before income taxes$137,732 
Capital expenditures$49,261 $781 $50,042 
Depreciation and amortization$108,708 $13,662 $122,370 
Nine Months Ended September 29, 2024
($ in thousands)ManufacturingDistribution
Total
Total net sales$2,139,598 $747,269 $2,886,867 
Cost of goods sold1,650,887 585,850 2,236,737 
Gross profit$488,711 $161,419 $650,130 
Operating expenses206,080 84,141 290,221 
  Operating income$282,631 $77,278 $359,909 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative70,854 
Amortization of intangible assets71,521 
Interest expense, net60,483 
Elimination of inter-segment profits(914)
Consolidated income before income taxes$157,965 
Capital expenditures$31,757 $8,250 $40,007 
Depreciation and amortization$107,406 $11,405 $118,811 
A reconciliation of certain line items pertaining to the total reportable segments to the condensed consolidated financial statements in the third quarter and first nine months ended September 28, 2025 and September 29, 2024, and as of September 28, 2025 and December 31, 2024 is as follows:
Third Quarter Ended
Nine Months Ended
($ in thousands)September 28, 2025September 29, 2024September 28, 2025September 29, 2024
Net sales:  
Total sales for reportable segments$981,863 $924,431 $3,044,444 $2,886,867 
Elimination of inter-segment sales(6,232)(4,987)(17,839)(17,307)
Consolidated net sales$975,631 $919,444 $3,026,605 $2,869,560 
Depreciation and amortization:
Depreciation and amortization for reportable segments$40,323 $40,333 $122,370 $118,811 
Corporate depreciation and amortization1,644 1,853 4,852 5,191 
Consolidated depreciation and amortization$41,967 $42,186 $127,222 $124,002 
Capital expenditures:
Capital expenditures for reportable segments$19,667 $15,997 $50,042 $40,007 
Corporate capital expenditures6,631 1,856 14,702 10,257 
Consolidated capital expenditures$26,298 $17,853 $64,744 $50,264 

As of
($ in thousands)September 28, 2025December 31, 2024
Total assets:
Manufacturing segment assets$2,536,575 $2,402,533 
Distribution segment assets517,054 524,827 
Corporate assets unallocated to segments72,848 60,033 
Cash and cash equivalents20,698 33,561 
Consolidated total assets$3,147,175 $3,020,954 
The Company's revenue from external customers and long-lived assets are substantially all attributed to the U.S.