XML 30 R13.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segment Reporting
 12 Months Ended
Dec. 28, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company has one reportable segment: building products. The segment sells building products that are grouped into two primary categories: specialty products and structural products. The Company’s CODM is its chief executive officer (CEO). The Company derives substantially all of its revenues from the United States and all of the Company’s assets are located in the United States. No single customer of the Company generated 10% or more of the Company’s total net sales during fiscal years 2024, 2023 and 2022. The measure of segment assets is reported on the Company’s balance sheet as total consolidated assets. The segment’s accounting policies are the same as the accounting policies for the Company, as described in Note 1, Summary of Significant Accounting Policies.

The CODM’s method under GAAP that is used to assess performance and allocate resources is based on Net income as reported on the Company’s consolidated statement of operations. The following table presents information about Net income and significant expenses that are regularly reviewed by the Company’s CODM:
Fiscal 2024Fiscal 2023Fiscal 2022
(In thousands)
Net sales$2,952,532 $3,136,381 $4,450,214 
Expenses:
Cost of specialty products sold1,648,285 1,763,446 2,231,258 
Cost of structural products sold815,108 845,918 1,385,972 
SG&A - delivery and logistics154,293 152,313 160,270 
SG&A - sales68,620 67,274 76,471 
SG&A - all other142,619 136,232 129,564 
Depreciation of property and equipment34,576 27,846 24,239 
Amortization of definite-lived intangible assets3,912 4,197 3,374 
Accretion of deferred gains on real estate(3,934)(3,934)(3,934)
Interest expense47,169 44,654 45,500 
Interest income(27,805)(20,908)(3,228)
Settlement of frozen defined benefit pension plan(2,481)30,440 — 
Other, net1,483 7,017 5,967 
Provision for income taxes17,571 33,350 98,585 
Total segment expenses2,899,416 3,087,845 4,154,038 
Segment net income53,116 48,536 296,176 
Reconciliation of profit or loss:
Adjustments and reconciling items— — — 
Consolidated net income$53,116 $48,536 $296,176