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Segment Reporting
3 Months Ended
Mar. 29, 2025
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. 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, in Part II, Item 8 of the Company’s most recent Annual Report on Form 10-K.
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:

Three Fiscal Months Ended
March 29, 2025March 30, 2024
(In thousands)
Net sales$709,226 $726,244 
Expenses:
Cost of specialty products sold389,609 399,785 
Cost of structural products sold208,488 198,778 
SG&A - delivery and logistics39,438 38,156 
SG&A - sales17,757 17,428 
SG&A - all other36,898 35,666 
Depreciation of property and equipment8,601 8,408 
Amortization of definite-lived intangible assets953 1,025 
Amortization of deferred gains on real estate(984)(984)
Interest expense12,053 13,109 
Interest income(5,473)(8,485)
Other, net(2,258)314 
Provision for income taxes1,339 5,552 
Total segment expenses706,421 708,752 
Segment net income2,805 17,492 
Reconciliation of profit or loss:
Adjustments and reconciling items— — 
Consolidated net income$2,805 $17,492 

During the first quarter of fiscal 2025, the Company settled certain of the initial insurance claims related to property and equipment that was damaged or destroyed at its Erwin, Tennessee owned facility in late third quarter of fiscal 2024 by Hurricane Helene. The Company received insurance proceeds that exceeded the carrying values of the damaged or destroyed assets by $2.4 million and this amount is included in Other, net on the Company’s unaudited condensed consolidated statement of operations for the first quarter of fiscal 2025.