SEGMENT INFORMATION

9 Months Ended

Oct. 03, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

Operating segments are defined as components of an enterprise that engage in business activities for which discrete financial information is available and is evaluated on a regular basis by the chief operating decision maker to make decisions regarding the allocation of resources to the segment and assess the performance of the segment. The Company has three reportable segments: Windows, Siding and Commercial.

These operating segments follow the same accounting policies used for our consolidated financial statements. We evaluate a segment’s performance based primarily upon operating income before corporate expenses.

Corporate assets consist primarily of cash, investments, prepaid expenses, current and deferred taxes and property, plant and equipment associated with our headquarters in Cary, North Carolina and office in Houston, Texas. These items (and income and expenses related to these items) are not allocated to the operating segments. Corporate unallocated expenses include share-based compensation expenses, restructuring charges, acquisition costs, and other expenses related to executive, legal, finance, tax, treasury, human resources, information technology and strategic sourcing, and corporate travel expenses. Additional unallocated amounts primarily include non-operating items such as interest income, interest expense and other income (expense).

The following table represents summary financial data attributable to the segments for the periods indicated (in thousands):

	Three Months Ended				Nine Months Ended
	October 3, 2020		September 28, 2019		October 3, 2020		September 28, 2019
Net sales:
Windows	$	501,314	$	504,338	$	1,378,039	$	1,434,579
Siding	321,898		315,799		848,190		840,601
Commercial	404,041		464,906		1,199,771		1,370,152
Total net sales	$	1,227,253	$	1,285,043	$	3,426,000	$	3,645,332
Operating income (loss):
Windows	$	37,295	$	34,446	$	(252,794)	$	62,039
Siding	45,313		37,063		(92,916)		51,346
Commercial	56,137		59,317		109,642		142,436
Corporate	(34,766)		(35,266)		(101,819)		(106,695)
Total operating income (loss)	103,979		95,560		(337,887)		149,126
Unallocated other expense, net	(50,402)		(56,293)		(159,056)		(170,894)
Income (loss) before taxes	$	53,577	$	39,267	$	(496,943)	$	(21,768)

	October 3, 2020		December 31, 2019
Total assets:
Windows	$	1,820,255	$	2,166,220
Siding	2,158,395		2,289,310
Commercial	878,623		963,291
Corporate	617,708		145,525
Total assets	$	5,474,981	$	5,564,346