SEGMENT INFORMATION

3 Months Ended

Apr. 03, 2021

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 on a U.S. GAAP basis 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 primarily include share-based compensation expenses, restructuring charges, acquisition-related 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
	April 3, 2021		April 4, 2020
Net sales:
Windows	$	527,263	$	448,450
Siding	316,391		241,043
Commercial	423,378		424,318
Total net sales	$	1,267,032	$	1,113,811
Operating income (loss):
Windows	$	29,362	$	(313,190)
Siding	27,528		(168,867)
Commercial	41,585		16,841
Corporate	(43,267)		(35,575)
Total operating income (loss)	55,208		(500,791)
Unallocated other expense, net	(56,071)		(59,296)
Loss before taxes	$	(863)	$	(560,087)
	April 3, 2021		December 31, 2020
Total assets:
Windows	$	1,737,880	$	1,717,032
Siding	2,116,233		2,123,615
Commercial	918,886		890,380
Corporate	755,307		747,463
Total assets	$	5,528,306	$	5,478,490