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Segment Information | 6 Months Ended
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Jun. 30, 2018
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company is organized into three reportable segments on the basis of the production process and products and services provided by each segment, identified as follows:
(i) | Residential Products, which primarily includes roof and foundation ventilation products, centralized mail systems and electronic package solutions, rain dispersion products and roofing accessories;
(ii) | Industrial and Infrastructure Products, which primarily includes expanded and perforated metal, expansion joints, structural bearings and perimeter security; and
(iii) | Renewable Energy and Conservation, which primarily includes designing, engineering, manufacturing and installation of solar racking systems and greenhouse structures.
When determining the reportable segments, the Company aggregated operating segments based on their similar economic and operating characteristics. The following table illustrates certain measurements used by management to assess performance of the segments described above for the three and six months ended June 30, (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Net sales: |  |  |  |  |  |  |
Residential Products | $ | 131,128 |  |  | $ | 127,252 |  |  | $ | 235,076 |  |  | $ | 231,803 |
Industrial and Infrastructure Products | 61,561 |  |  | 57,926 |  |  | 116,185 |  |  | 108,644 |
Less: Intersegment sales | (368 | ) |  | (314 | ) |  | (589 | ) |  | (770 | )
Net Industrial and Infrastructure Products | 61,193 |  |  | 57,612 |  |  | 115,596 |  |  | 107,874 |
Renewable Energy and Conservation | 73,715 |  |  | 62,763 |  |  | 130,701 |  |  | 114,555 |
Total consolidated net sales | $ | 266,036 |  |  | $ | 247,627 |  |  | $ | 481,373 |  |  | $ | 454,232 |
Income from operations: |  |  |  |  |  |  |
Residential Products | $ | 24,196 |  |  | $ | 22,579 |  |  | $ | 37,434 |  |  | $ | 38,220 |
Industrial and Infrastructure Products | 6,604 |  |  | 3,397 |  |  | 9,206 |  |  | 3,360 |
Renewable Energy and Conservation | 9,556 |  |  | 3,492 |  |  | 13,618 |  |  | 6,832 |
Unallocated Corporate Expenses | (8,082 | ) |  | (4,538 | ) |  | (14,141 | ) |  | (13,803 | )
Total income from operations | $ | 32,274 |  |  | $ | 24,930 |  |  | $ | 46,117 |  |  | $ | 34,609 |
The following tables illustrate revenue disaggregated by timing of transfer of control to the customer for the three and six months ended June 30 (in thousands):
| Three Months Ended June 30, 2018
| Residential Products |  | Industrial and Infrastructure Products |  | Renewable Energy and Conservation |  | Total
Net sales: |  |  |  |  |  |  |
Point in Time | $ | 130,958 |  |  | $ | 51,428 |  |  | $ | 8,724 |  |  | $ | 191,110 |
Over Time | 170 |  |  | 9,765 |  |  | 64,991 |  |  | 74,926 |
Total | $ | 131,128 |  |  | $ | 61,193 |  |  | $ | 73,715 |  |  | $ | 266,036 |
| Three Months Ended June 30, 2017
| Residential Products |  | Industrial and Infrastructure Products |  | Renewable Energy and Conservation |  | Total
Net sales: |  |  |  |  |  |  |
Point in Time | $ | 127,252 |  |  | $ | 57,612 |  |  | $ | 5,383 |  |  | $ | 190,247 |
Over Time | — |  |  | — |  |  | 57,380 |  |  | 57,380 |
Total | $ | 127,252 |  |  | $ | 57,612 |  |  | $ | 62,763 |  |  | $ | 247,627 |
| Six Months Ended June 30, 2018
| Residential Products |  | Industrial and Infrastructure Products |  | Renewable Energy and Conservation |  | Total
Net sales: |  |  |  |  |  |  |
Point in Time | $ | 233,842 |  |  | $ | 97,971 |  |  | $ | 14,344 |  |  | $ | 346,157 |
Over Time | 1,234 |  |  | 17,625 |  |  | 116,357 |  |  | 135,216 |
Total | $ | 235,076 |  |  | $ | 115,596 |  |  | $ | 130,701 |  |  | $ | 481,373 |
| Six Months Ended June 30, 2017
| Residential Products |  | Industrial and Infrastructure Products |  | Renewable Energy and Conservation |  | Total
Net sales: |  |  |  |  |  |  |
Point in Time | $ | 231,803 |  |  | $ | 107,874 |  |  | $ | 11,176 |  |  | $ | 350,853 |
Over Time | — |  |  | — |  |  | 103,379 |  |  | 103,379 |
Total | $ | 231,803 |  |  | $ | 107,874 |  |  | $ | 114,555 |  |  | $ | 454,232 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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- References No definition available. + Details
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