v3.26.1
Segment Reporting
 3 Months Ended
Apr. 04, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company has one reportable segment: building products. The segment sells building products that are grouped into two primary product categories: specialty products and structural products. The Company’s chief operating decision maker (“CODM”), as that term is defined under U.S. GAAP, is its chief executive officer (CEO). The Company derives substantially all of its revenues from the United States and all of the Company’s assets are located in the United States. The measure of segment assets is reported on the Company’s balance sheet as total consolidated assets. The segment’s accounting policies are
the same as the accounting policies for the Company, as described in Note 1, Summary of Significant Accounting Policies, in Part II, Item 8 of the Company’s 2025 Form 10-K.

The CODM’s method under GAAP used to assess performance and allocate resources is based on Net income as reported on the Company’s consolidated statement of operations. The CODM uses Net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the building products segment or into other business matters, such as acquisitions or repurchases of portions of the Company’s outstanding common stock. The following table presents information about Net income and significant expenses that are regularly reviewed by the Company’s CODM:

Fiscal Three Months Ended
April 4, 2026March 29, 2025
(In thousands)
Net sales$731,149 $709,226 
Expenses:
Cost of specialty products sold419,239 389,609 
Cost of structural products sold195,513 208,488 
SG&A - delivery and logistics43,626 39,438 
SG&A - sales18,190 17,757 
SG&A - all other34,388 36,898 
Depreciation of property and equipment9,884 8,601 
Amortization of definite-lived intangible assets2,090 953 
Realization of deferred gains on real estate(984)(984)
Interest expense12,215 12,053 
Interest income(3,068)(5,473)
Other operating, net (1)
1,875 (2,258)
Provision for income taxes(361)1,339 
Total segment expenses732,607 706,421 
Segment net (loss) income(1,458)2,805 
Reconciliation of profit or loss:
Adjustments and reconciling items— — 
Consolidated net (loss) income$(1,458)$2,805 
(1) For the fiscal first quarter of 2026, the $1.9 million is composed mainly of severance expenses and professional services fees related to our business and digital transformation initiatives. During the first quarter of fiscal 2025, the Company settled certain of the initial insurance claims related to property and equipment that was damaged or destroyed at its Erwin, Tennessee owned facility in 2024 by Hurricane Helene. The Company received insurance proceeds in the fiscal first quarter of 2025 that exceeded the carrying values of the damaged or destroyed property and equipment by $2.4 million and this amount is included in Other operating, net on the Company’s unaudited condensed consolidated statement of operations for the fiscal three months ended March 29, 2025.