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Segment Information
 6 Months Ended
Jun. 30, 2022
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 reporting segments are the North America segment (comprised primarily of the Company’s operations in the U.S. and Canada), the Europe segment, which includes ETANCO, 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 tables illustrate certain measurements used by management to assess the performance of its reportable segments as of or the following periods:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2022202120222021
Net Sales    
North America$456,410 $350,557 $895,140 $651,120 
Europe133,238 56,438 184,689 100,734 
Asia/Pacific3,584 3,286 6,973 6,068 
Total$593,232 $410,281 $1,086,802 $757,922 
Sales to Other Segments*    
North America$1,441 $221 $2,575 $917 
Europe1,271 1,551 2,955 3,160 
Asia/Pacific7,940 5,465 16,506 13,993 
Total$10,652 $7,237 $22,036 $18,070 
Income (Loss) from Operations **    
North America$137,291 $101,190 $273,064 $174,215 
Europe5,560 5,873 4,189 8,164 
Asia/Pacific100 203 664 628 
Administrative and all other(9,875)(5,538)(20,403)(12,895)
Total$133,076 $101,728 $257,514 $170,112 
            
*    Sales to other segments are eliminated in consolidation.
**    Beginning in 2022, the Company changed its presentation of its North America and Administrative and all other segment's statement of operations to display allocated expenses and management fees as a separate item below income from operations. During 2021, allocated expenses and management fees between the two segments were previously included in gross profit, operating expenses and in income from operations and been adjusted herein to conform to 2022 presentation. Consolidated income of operations, income before tax and net income for all periods presented below are not affected by the change of operations.
   At
 At June 30,December 31,
(in thousands)202220212021
Total Assets   
North America$1,225,176 $1,189,835 $1,352,988 
Europe689,621 205,065 202,631 
Asia/Pacific34,981 31,774 31,832 
Administrative and all other535,690 (52,700)(103,326)
Total$2,485,468 $1,373,974 $1,484,125 
 
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 and all other.” Cash and cash equivalent balances in the “Administrative and all other” segment were $167.4 million, $238.3 million, and $223.5 million, as of June 30, 2022 and 2021, and December 31, 2021, respectively.

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 residential and commercial construction. 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 table below illustrates the distribution of the Company’s sales by product group as additional information for the following periods:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2022202120222021
Wood construction products$514,832 $355,787 $950,191 $657,365 
Concrete construction products78,209 54,305 136,185 99,828 
Other191 189 426 729 
Total$593,232 $410,281 $1,086,802 $757,922