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Segment Information
 12 Months Ended
Dec. 31, 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 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, 2022, 2021 and 2020, respectively:
 
(in thousands) 
North
America		 EuropeAsia/
Pacific		Administrative
& All Other		 Total
2022
Net sales$1,701,041 $400,303 $14,743 $— $2,116,087 
Sales to other segments *4,862 5,732 32,979 — 43,573 
Income from operations**485,899 11,121 723 (38,676)459,067 
Depreciation and amortization36,003 22,594 1,730 563 60,890 
Significant non-cash charges7,504 1,099 510 5,868 14,981 
Provision for income taxes112,537 1,193 1,091 (751)114,070 
Business acquisitions, net of cash acquired, capital expenditures, asset acquisition, and equity
    investments		54,594 817,163 1,173 2,871 875,801 
Total assets1,393,968 675,634 34,599 399,770 2,503,971 

(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 operations**359,140 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, including purchases of
    intangible assets, 		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 from operations**265,541 8,396 308 (21,882)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, 		29,937 4,248 705 5,816 40,706 
Total assets1,001,168 198,647 32,754 — 1,232,569 
 
 * 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 and 2020, 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 statements of operations, income before tax and net income for all periods presented below are not affected by the change of operations.

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 $222.5 million, $223.5 million and $199.8 million as of December 31, 2022, 2021 and 2020, respectively. As of December 31, 2022, the Company had $77.9 million, or 25.9%, 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 ETANCO, refer to Note 3 "Acquisitions," 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, 2022, 2021 and 2020, respectively:
 
 202220212020
 (in thousands) 
Net
Sales		Long-Lived
Assets		Net
Sales		Long-Lived
Assets		Net
Sales		Long-Lived
Assets
United States$1,615,728 $273,407 $1,287,085 $228,623 $1,045,509 $215,082 
France170,904 90,296 50,445 5,988 40,672 7,095 
Canada81,036 2,571 70,401 2,861 52,889 3,059 
United Kingdom37,349 1,898 37,408 1,851 24,290 2,073 
Germany42,954 11,507 29,970 9,999 24,069 11,163 
Italy47,294 4,342 — — — — 
Poland27,803 2,721 13,909 2,496 11,648 2,779 
Sweden16,156 2,369 17,003 2,664 15,241 2,986 
Denmark12,610 1,015 13,964 2,281 11,931 2,445 
Norway12,241 — 12,736 — 11,138 — 
Australia9,468 245 8,120 201 5,749 134 
Belgium15,032 2,182 6,818 2,349 5,311 2,268 
Other countries27,512 11,496 25,358 15,249 19,498 18,246 
 $2,116,087 $404,049 $1,573,217 $274,562 $1,267,945 $267,330 
 
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, 2022, 2021 and 2020, respectively:

(in thousands) 
202220212020
Wood Construction$1,831,580 $1,361,113 $1,082,877 
Concrete Construction282,205 210,780 184,631 
Other2,302 1,324 437 
Total$2,116,087 $1,573,217 $1,267,945 

No customers accounted for at least 10% of net sales for the years ended 2022, 2021 and 2020.