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Segment Information | 3 Months Ended
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Mar. 31, 2023
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company is organized into four reportable segments on the basis of the production processes, products and services provided by each segment, identified as follows: (i)Renewables, which primarily includes designing, engineering, manufacturing and installation of solar racking and electrical balance of systems; (ii)Residential, which primarily includes roof and foundation ventilation products, centralized mail systems and electronic package solutions, retractable awnings and gutter guards, and rain dispersion products, trims and flashings and other accessories; (iii)Agtech, which provides growing solutions including the designing, engineering, manufacturing and installation of greenhouses; and (iv)Infrastructure, which primarily includes structural bearings, expansion joints and pavement sealant for bridges, airport runways and roadways, elastomeric concrete, and bridge cable protection systems. 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 months ended March 31, (in thousands):
| 2023 |  | 2022 |  |  |  |
Net sales: |  |  |  |  |  |  |
Renewables | $ | 59,205 |  |  | $ | 78,783 |  |  |  |  |
Residential | 179,495 |  |  | 179,485 |  |  |  |  |
Agtech | 35,852 |  |  | 42,428 |  |  |  |  |
Infrastructure | 18,715 |  |  | 17,169 |  |  |  |  |
Total net sales | $ | 293,267 |  |  | $ | 317,865 |  |  |  |  |
Income from operations: |  |  |  |  |  |  |
Renewables | $ | 2,269 |  |  | $ | (6,984) |  |  |  |  |
Residential | 29,509 |  |  | 33,435 |  |  |  |  |
Agtech | 2,330 |  |  | 31 |  |  |  |  |
Infrastructure | 2,714 |  |  | 1,181 |  |  |  |  |
Unallocated Corporate Expenses | (7,452) |  |  | (6,468) |  |  |  |  |
Total income from operations | $ | 29,370 |  |  | $ | 21,195 |  |  |  |  |
| March 31, 2023 |  | December 31, 2022
Total assets: |  |  |
Renewables | $ | 393,088 |  |  | $ | 392,368 |
Residential | 535,423 |  |  | 519,567 |
Agtech | 180,688 |  |  | 193,966 |
Infrastructure | 82,795 |  |  | 80,264 |
Unallocated corporate assets | 16,498 |  |  | 24,448 |
| $ | 1,208,492 |  |  | $ | 1,210,613 |
The following tables illustrate segment revenue disaggregated by timing of transfer of control to the customer for the three months ended March 31 (in thousands):
| Three Months Ended March 31, 2023
| Renewables |  | Residential |  | Agtech |  | Infrastructure |  | Total
Net sales: |  |  |  |  |  |  |  |  |
Point in Time | $ | 9,094 |  |  | $ | 177,942 |  |  | $ | 5,107 |  |  | $ | 6,061 |  |  | $ | 198,204 |
Over Time | 50,111 |  |  | 1,553 |  |  | 30,745 |  |  | 12,654 |  |  | 95,063 |
Total net sales | $ | 59,205 |  |  | $ | 179,495 |  |  | $ | 35,852 |  |  | $ | 18,715 |  |  | $ | 293,267 |
| Three Months Ended March 31, 2022
| Renewables |  | Residential |  | Agtech |  | Infrastructure |  | Total
Net sales: |  |  |  |  |  |  |  |  |
Point in Time | $ | 5,650 |  |  | $ | 178,131 |  |  | $ | 1,613 |  |  | $ | 6,303 |  |  | $ | 191,697 |
Over Time | 73,133 |  |  | 1,354 |  |  | 40,815 |  |  | 10,866 |  |  | 126,168 |
Total net sales | $ | 78,783 |  |  | $ | 179,485 |  |  | $ | 42,428 |  |  | $ | 17,169 |  |  | $ | 317,865 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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