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Segment Reporting | 6 Months Ended
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Jun. 28, 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 chief operating decision maker (“CODM”), as that term is defined under U.S. GAAP, 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 |  | Six Fiscal Months Ended
|  | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
|  | (In thousands)
Net sales |  | $ | 780,107 |  |  |  | $ | 768,363 |  |  | $ | 1,489,333 |  |  | $ | 1,494,607 |
Expenses: |  |  |  |  |  |  |  |  |
Cost of specialty products sold |  | 443,177 |  |  |  | 435,116 |  |  | 832,786 |  |  | 834,901 |
Cost of structural products sold |  | 217,241 |  |  |  | 210,803 |  |  | 425,729 |  |  | 409,581 |
SG&A - delivery and logistics |  | 41,343 |  |  |  | 37,608 |  |  | 80,781 |  |  | 75,764 |
SG&A - sales |  | 18,519 |  |  |  | 17,420 |  |  | 36,276 |  |  | 34,848 |
SG&A - all other |  | 35,403 |  |  |  | 34,425 |  |  | 72,301 |  |  | 70,091 |
Depreciation of property and equipment |  | 8,836 |  |  |  | 9,140 |  |  | 17,437 |  |  | 17,548 |
Amortization of definite-lived intangible assets |  | 954 |  |  |  | 980 |  |  | 1,907 |  |  | 2,005 |
Amortization of deferred gains on real estate |  | (983) |  |  |  | (984) |  |  | (1,967) |  |  | (1,968) |
Interest expense |  | 12,640 |  |  |  | 11,181 |  |  | 24,693 |  |  | 24,290 |
Interest income |  | (4,183) |  |  |  | (6,380) |  |  | (9,656) |  |  | (14,865) |
Other operating, net |  | 582 |  |  |  | 8 |  |  | (1,676) |  |  | 322 |
Provision for income taxes |  | 2,268 |  |  |  | 4,710 |  |  | 3,607 |  |  | 10,262 |
Total segment expenses |  | 775,797 |  |  |  | 754,027 |  |  | 1,482,218 |  |  | 1,462,779 |
Segment net income |  | 4,310 |  |  |  | 14,336 |  |  | 7,115 |  |  | 31,828 |
Reconciliation of profit or loss: |  |  |  |  |  |  |  |  |
Adjustments and reconciling items |  | — |  |  |  | — |  |  | — |  |  | — |
Consolidated net income |  | $ | 4,310 |  |  |  | $ | 14,336 |  |  | $ | 7,115 |  |  | $ | 31,828 |
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 due to 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 Operating, net on the Company’s unaudited condensed consolidated statement of operations for the six fiscal months ended June 28, 2025.

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- Definition The entire disclosure for reporting segments including data and tables. 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