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Segment Reporting | 9 Months Ended
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Sep. 27, 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 product 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 used to assess performance and allocate resources is based on Net income as reported on the Company’s consolidated statement of operations. The CODM uses Net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the building products segment or into other business matters, such as acquisitions or repurchases of portions of the Company’s outstanding common stock. The following table presents information about Net income and significant expenses that are regularly reviewed by the Company’s CODM:
|  | Three Fiscal Months Ended |  | Nine Fiscal Months Ended
|  | September 27, 2025 |  | September 28, 2024 |  | September 27, 2025 |  | September 28, 2024
|  | (In thousands)
Net sales |  | $ | 748,870 |  |  |  | $ | 747,288 |  |  | $ | 2,238,203 |  |  | $ | 2,241,895 |
Expenses: |  |  |  |  |  |  |  |  |
Cost of specialty products sold |  | 438,105 |  |  |  | 418,521 |  |  | 1,270,891 |  |  | 1,253,422 |
Cost of structural products sold |  | 202,578 |  |  |  | 203,098 |  |  | 628,307 |  |  | 612,679 |
SG&A - delivery and logistics |  | 41,138 |  |  |  | 39,217 |  |  | 121,919 |  |  | 114,981 |
SG&A - sales |  | 18,456 |  |  |  | 16,708 |  |  | 54,732 |  |  | 51,556 |
SG&A - all other |  | 29,687 |  |  |  | 36,285 |  |  | 101,988 |  |  | 106,376 |
Depreciation of property and equipment |  | 8,789 |  |  |  | 8,576 |  |  | 26,226 |  |  | 26,124 |
Amortization of definite-lived intangible assets |  | 953 |  |  |  | 954 |  |  | 2,860 |  |  | 2,959 |
Amortization of deferred gains on real estate |  | (984) |  |  |  | (984) |  |  | (2,951) |  |  | (2,952) |
Interest expense |  | 12,540 |  |  |  | 11,668 |  |  | 37,233 |  |  | 35,958 |
Interest income |  | (3,937) |  |  |  | (7,049) |  |  | (13,593) |  |  | (21,914) |
Settlement of frozen defined benefit pension plan (1) |  | — |  |  |  | (2,226) |  |  | — |  |  | (2,226) |
Other operating, net (2) |  | 182 |  |  |  | 888 |  |  | (1,494) |  |  | 1,210 |
(Benefit) provision for income taxes |  | (292) |  |  |  | 5,616 |  |  | 3,315 |  |  | 15,878 |
Total segment expenses |  | 747,215 |  |  |  | 731,272 |  |  | 2,229,433 |  |  | 2,194,051 |
Segment net income |  | 1,655 |  |  |  | 16,016 |  |  | 8,770 |  |  | 47,844 |
Reconciliation of profit or loss: |  |  |  |  |  |  |  |  |
Adjustments and reconciling items |  | — |  |  |  | — |  |  | — |  |  | — |
Consolidated net income |  | $ | 1,655 |  |  |  | $ | 16,016 |  |  | $ | 8,770 |  |  | $ | 47,844 |
(1) As previously disclosed, during the third quarter of fiscal 2024 the Company benefited by $2.2 million for a settlement adjustment related to the Company’s frozen defined benefit pension plan that was settled in Fiscal 2023. This adjustment amount is reported as Non-operating expense on the Company’s unaudited condensed statements of operations for the three and nine fiscal months ended September 28, 2024. (2) As previously disclosed, 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 nine fiscal months ended September 27, 2025. For the nine fiscal months ended September 28, 2024, Other operating expenses, net included $1.2 million of estimated losses related to Hurricane Helene in third quarter of fiscal 2024, and this amount represented insurance deductibles for damaged or destroyed property and equipment.

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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