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Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
 
The Company is organized into three reporting segments defined by the regions where the Company’s products are manufactured, marketed and distributed to the Company’s customers. The three regional segments are the North America segment (comprised primarily of the Company’s operations in the U.S. and Canada), the Europe segment and the Asia/Pacific segment (comprised of the Company’s operations in Asia, the South Pacific, and the Middle East). These segments are similar in several ways, including the types of materials used, the production processes, the distribution channels and the product applications.
 
The Administrative & All Other column primarily includes expenses such as self-insured workers compensation claims for employees, stock-based compensation for certain members of management, interest expense, foreign exchange gains or losses and income tax expense, as well as revenues and expenses related to real estate activities.
 
The following table shows certain measurements used by management to assess the performance of the segments described above as of December 31, 2021, 2020 and 2019, respectively:
 
(in thousands) 
North
America		 EuropeAsia/
Pacific		Administrative
& All Other		 Total
2021
Net sales$1,362,941 $196,996 $13,280 $— $1,573,217 
Sales to other segments *2,237 5,696 27,109 — 35,042 
Income from operations359,140 14,160 1,193 (6,700)367,793 
Depreciation and amortization33,950 6,172 1,844 511 42,477 
Significant non-cash charges8,173 1,943 166 7,607 17,889 
Provision for income taxes87,962 3,826 241 73 92,102 
Capital expenditures, asset acquisition, and equity
    investments, net of cash acquired		45,817 2,403 603 988 49,811 
Total assets1,352,988 202,631 31,832 (103,326)1,484,125 

(in thousands) North
America		 EuropeAsia/
Pacific		Administrative
& All Other		 Total
2020
Net sales$1,101,891 $156,713 $9,341 $— $1,267,945 
Sales to other segments *2,554 5,576 25,320 — 33,450 
Income (loss) from operations249,252 8,396 308 (5,593)252,363 
Depreciation and amortization30,218 5,856 1,709 984 38,767 
Significant non-cash charges6,929 1,226 376 4,975 13,506 
Provision for income taxes58,201 3,817 613 (67)62,564 
Capital expenditures, including purchases of
    intangible assets, and business combination, net of
    cash acquired		29,937 4,248 705 5,816 40,706 
Total assets1,001,168 198,647 32,754 — 1,232,569 
 
(in thousands) North
America		 EuropeAsia/
Pacific		Administrative
& All Other		 Total
2019
Net sales$972,849 $155,144 $8,546 $— $1,136,539 
Sales to other segments *1,977 2,068 26,764 — 30,809 
Income (loss) from operations176,329 6,817 (731)(1,161)181,254 
Depreciation and amortization30,652 5,457 1,698 595 38,402 
Significant non-cash charges5,273 1,141 211 4,157 10,782 
Provision for income taxes40,452 1,934 577 1,412 44,375 
Capital expenditures and business acquisitions, net of
    cash acquired		31,695 8,245 236 — 40,176 
Total assets1,269,545 169,785 30,055 (374,019)1,095,366 
 
 * Sales to other segments are eliminated in consolidation.

Cash collected by the Company’s U.S. subsidiaries is routinely transferred into the Company’s cash management accounts, and therefore is in the total assets of "Administrative & All Other." Cash and cash equivalent balances in "Administrative & All Other" were $223.5 million, $199.8 million and $161.4 million as of December 31, 2021, 2020 and 2019, respectively. As of December 31, 2021, the Company had $75.8 million, or 25.2%, of its cash and cash equivalents held outside the U.S. in accounts belonging to the Company’s various foreign operating entities. The majority of this balance is held in foreign currencies and could be subject to additional taxation if repatriated to the U.S.
 
The significant non-cash charges comprise compensation related to equity awards under the Company’s stock-based incentive plans and the Company’s employee stock bonus plan. The Company’s measure of profit or loss for its reportable segments is income (loss) from operations. The reconciling amounts between consolidated income before tax and consolidated income from operations are net interest income (expense), net and other, foreign exchange gain (loss), certain legal and professional fees associated with the acquisition of the Etanco Group, refer to Note 19 " Subsequent Events," and loss on disposal of a business. Interest income (expense) is primarily attributed to “Administrative & All Other.”
The following table shows the geographic distribution of the Company’s net sales and long-lived assets as of December 31, 2021, 2020 and 2019, respectively:
 
 202120202019
 (in thousands) 
Net
Sales		Long-Lived
Assets		Net
Sales		Long-Lived
Assets		Net
Sales		Long-Lived
Assets
United States$1,287,085 $228,623 $1,045,509 $215,082 $921,703 $210,349 
Canada70,401 2,861 52,889 3,059 47,948 1,181 
United Kingdom37,408 1,851 24,290 2,073 26,376 1,683 
Germany29,970 9,999 24,069 11,163 22,357 10,529 
France50,445 5,988 40,672 7,095 39,969 7,010 
Poland13,909 2,496 11,648 2,779 11,826 2,770 
Sweden17,003 2,664 15,241 2,986 13,792 1,762 
Denmark13,964 2,281 11,931 2,445 10,761 2,235 
Norway12,736 — 11,138 — 11,238 — 
Switzerland5,928 6,784 5,246 8,172 5,600 7,781 
Australia8,120 201 5,749 134 4,939 110 
Belgium6,818 2,349 5,311 2,268 5,605 1,913 
The Netherlands4,834 39 4,526 61 4,019 93 
New Zealand5,160 160 3,593 167 3,606 166 
Chile5,455 31 3,493 49 3,198 28 
Other countries3,981 8,463 2,640 9,797 3,602 10,647 
 $1,573,217 $274,790 $1,267,945 $267,330 $1,136,539 $258,257 
 
Net sales and long-lived assets, excluding intangible assets, are attributable to the country where the sales or manufacturing operations are located.
 
The Company’s wood construction products include connectors, truss plates, fastening systems, fasteners and pre-fabricated shearwalls and are used for connecting and strengthening wood-based construction primarily in the residential construction market. Its concrete construction products include adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools and reinforcing fiber materials and are used for restoration, protection or strengthening concrete, masonry and steel construction in residential, industrial, commercial and infrastructure construction. The following table shows the distribution of the Company’s net sales by product for the years ended December 31, 2021, 2020 and 2019, respectively:

(in thousands) 
202120202019
Wood Construction$1,361,113 $1,082,877 $948,768 
Concrete Construction210,780 184,631 187,462 
Other1,324 437 309 
Total$1,573,217 $1,267,945 $1,136,539 

No customers accounted for at least 10% of net sales for the years ended 2021, 2020 and 2019.