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Segment Information | 9 Months Ended
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Sep. 30, 2019
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) | Renewable Energy and Conservation, which primarily includes designing, engineering, manufacturing and installation of solar racking, electrical balance of systems, extraction systems and greenhouse structures;
(ii) | Residential Products, which primarily includes roof and foundation ventilation products, rain dispersion products and roofing accessories, centralized mail systems and electronic package solutions; and
(iii) | Industrial and Infrastructure Products, which primarily includes expanded and perforated metal, perimeter security systems, expansion joints, and structural bearings.
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 nine months ended September 30, (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Net sales: |  |  |  |  |  |  |
Renewable Energy and Conservation | $ | 116,771 |  |  | $ | 98,486 |  |  | $ | 261,612 |  |  | $ | 229,187 |
Residential Products | $ | 126,275 |  |  | $ | 125,839 |  |  | $ | 360,417 |  |  | $ | 360,915 |
Industrial and Infrastructure Products | 56,361 |  |  | 56,033 |  |  | 168,096 |  |  | 172,218 |
Less: Intersegment sales | (171 | ) |  | (272 | ) |  | (817 | ) |  | (861 | )
Net Industrial and Infrastructure Products | 56,190 |  |  | 55,761 |  |  | 167,279 |  |  | 171,357 |
Total consolidated net sales | $ | 299,236 |  |  | $ | 280,086 |  |  | $ | 789,308 |  |  | $ | 761,459 |
Income from operations: |  |  |  |  |  |  |
Renewable Energy and Conservation | $ | 19,633 |  |  | $ | 15,072 |  |  | $ | 30,914 |  |  | $ | 28,690 |
Residential Products | 17,012 |  |  | 20,138 |  |  | 49,880 |  |  | 57,572 |
Industrial and Infrastructure Products | 5,462 |  |  | 2,892 |  |  | 13,660 |  |  | 12,098 |
Unallocated Corporate Expenses | (10,687 | ) |  | (8,698 | ) |  | (25,862 | ) |  | (22,839 | )
Total consolidated income from operations | $ | 31,420 |  |  | $ | 29,404 |  |  | $ | 68,592 |  |  | $ | 75,521 |
The following tables illustrate revenue disaggregated by timing of transfer of control to the customer for the three and nine months ended September 30 (in thousands):
| Three Months Ended September 30, 2019
| Renewable Energy and Conservation |  | Residential Products |  | Industrial and Infrastructure Products |  | Total
Net sales: |  |  |  |  |  |  |
Point in Time | $ | 12,682 |  |  | $ | 125,350 |  |  | $ | 46,781 |  |  | $ | 184,813 |
Over Time | 104,089 |  |  | 925 |  |  | 9,409 |  |  | 114,423 |
Total net sales | $ | 116,771 |  |  | $ | 126,275 |  |  | $ | 56,190 |  |  | $ | 299,236 |
| Three Months Ended September 30, 2018
| Renewable Energy and Conservation |  | Residential Products |  | Industrial and Infrastructure Products |  | Total
Net sales: |  |  |  |  |  |  |
Point in Time | $ | 10,784 |  |  | $ | 125,118 |  |  | $ | 47,686 |  |  | $ | 183,588 |
Over Time | 87,702 |  |  | 721 |  |  | 8,075 |  |  | 96,498 |
Total net sales | $ | 98,486 |  |  | $ | 125,839 |  |  | $ | 55,761 |  |  | $ | 280,086 |
| Nine Months Ended September 30, 2019
| Renewable Energy and Conservation |  | Residential Products |  | Industrial and Infrastructure Products |  | Total
Net sales: |  |  |  |  |  |  |
Point in Time | $ | 28,441 |  |  | $ | 357,808 |  |  | $ | 138,383 |  |  | $ | 524,632 |
Over Time | 233,171 |  |  | 2,609 |  |  | 28,896 |  |  | 264,676 |
Total net sales | $ | 261,612 |  |  | $ | 360,417 |  |  | $ | 167,279 |  |  | $ | 789,308 |
| Nine Months Ended September 30, 2018
| Renewable Energy and Conservation |  | Residential Products |  | Industrial and Infrastructure Products |  | Total
Net sales: |  |  |  |  |  |  |
Point in Time | $ | 25,128 |  |  | $ | 358,960 |  |  | $ | 145,657 |  |  | $ | 529,745 |
Over Time | 204,059 |  |  | 1,955 |  |  | 25,700 |  |  | 231,714 |
Total net sales | $ | 229,187 |  |  | $ | 360,915 |  |  | $ | 171,357 |  |  | $ | 761,459 |

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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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