Segment Information

6 Months Ended

Jun. 30, 2022

Segment Reporting Information, Revenue for Reportable Segment [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company is organized into four reportable segments on the basis of the production processes, products and services provided by each segment, identified as follows:

(i)Renewables, which primarily includes designing, engineering, manufacturing and installation of solar racking and electrical balance of systems;

(ii)Residential, which primarily includes roof and foundation ventilation products, centralized mail systems and electronic package solutions, retractable awnings and gutter guards, and rain dispersion products, trims and flashings and other accessories;

(iii)Agtech, which provides growing and processing solutions including the designing, engineering, manufacturing and installation of greenhouses, and botanical extraction systems; and

(iv)Infrastructure, which primarily includes structural bearings, expansion joints and pavement sealant for bridges, airport runways and roadways, elastomeric concrete, and bridge cable protection systems.

When determining the reportable segments, the Company aggregated operating segments based on their similar economic and operating characteristics.

The following table illustrates certain measurements used by management to assess performance of the segments described above for the three and six months ended June 30, (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net sales:
Renewables	$	101,549	$	107,751	$	180,332	$	193,263
Residential	200,245		164,209		379,730		304,426
Agtech	43,680		53,696		86,108		100,435
Infrastructure	21,475		22,733		38,644		37,857
Total net sales	$	366,949	$	348,389	$	684,814	$	635,981
Income from operations:
Renewables	$	6,829	$	9,510	$	(155)	$	8,989
Residential	35,664		27,155		69,099		50,089
Agtech	1,542		977		1,573		1,906
Infrastructure	2,887		4,186		4,068		6,223
Unallocated Corporate Expenses	(6,783)		(10,419)		(13,251)		(22,983)
Total income from operations	$	40,139	$	31,409	$	61,334	$	44,224

	June 30, 2022		December 31, 2021
Total assets:
Renewables	$	444,411	$	445,486
Residential	532,226		453,469
Agtech	213,026		212,038
Infrastructure	85,652		82,662
Unallocated corporate assets	20,098		21,246
	$	1,295,413	$	1,214,901

The following tables illustrate segment revenue disaggregated by timing of transfer of control to the customer for the three and six months ended June 30 (in thousands):

	Three Months Ended June 30, 2022
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	$	5,259	$	198,854	$	4,029	$	8,936	$	217,078
Over Time	96,290		1,391		39,651		12,539		149,871
Total net sales	$	101,549	$	200,245	$	43,680	$	21,475	$	366,949

	Three Months Ended June 30, 2021
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	$	6,049	$	162,978	$	7,388	$	11,637	$	188,052
Over Time	101,702		1,231		46,308		11,096		160,337
Total net sales	$	107,751	$	164,209	$	53,696	$	22,733	$	348,389

	Six Months Ended June 30, 2022
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	$	10,909	$	376,985	$	5,642	$	15,239	$	408,775
Over Time	169,423		2,745		80,466		23,405		276,039
Total net sales	$	180,332	$	379,730	$	86,108	$	38,644	$	684,814

	Six Months Ended June 30, 2021
	Renewables		Residential		Agtech		Infrastructure		Total
Net sales:
Point in Time	$	13,020	$	301,997	$	12,531	$	17,107	$	344,655
Over Time	180,243		2,429		87,904		20,750		291,326
Total net sales	$	193,263	$	304,426	$	100,435	$	37,857	$	635,981