v3.26.1
Segment Information (Tables)
 3 Months Ended
Mar. 28, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reportable Segments, by Segment
Three Months Ended March 28, 2026
(amounts in thousands)North
America 		EuropeTotal
Revenues from external customers$452,713 $269,412 $722,125 
Intersegment net revenues— — — 
Total segment net revenues$452,713 $269,412 $722,125 
Reconciliation of Revenue
Elimination of intersegment net revenues— 
Total consolidated net revenues$722,125 
Less:
Adjusted cost of sales$408,712 $217,256 $625,968 
Adjusted selling, general and administrative58,964 52,196 111,160 
Other segment items(1)
(18,582)(7,116)(25,698)
Adjusted EBITDA$3,619 $7,076 $10,695 
Total Reportable Segment Adjusted EBITDA$10,695 
Less:
Depreciation and amortization29,370 
Interest expense, net17,203 
Corporate and unallocated costs4,554 
Special items:
Net legal and professional expenses and settlements12,767 
Restructuring and asset-related charges, net1,979 
M&A related costs, net7,599 
Share-based compensation expense3,682 
Other special items(2)
7,009 
Loss, before tax$(73,468)
(1)Other segment items included depreciation and amortization, which are included as a component of the significant expense categories regularly provided to the CODM above but are not included in the measure of segment profit, as well as other items, which are excluded from the categories regularly provided to the CODM, which primarily included:
North America - Foreign currency losses.
Europe - Foreign currency losses and pension expense.
(2)Other special items not core to ongoing business activity included an impairment of $3.1 million in our North America reporting unit as a result of reviews performed in connection with our North America equipment capacity optimization.
Three Months Ended March 28, 2026
(amounts in thousands)North
America 		EuropeCorporate
and
Unallocated
Costs		Total
Consolidated
Depreciation and amortization
$18,829 $8,384 $2,157 $29,370 
Capital expenditures15,317 9,824 937 26,078 
Segment assets
1,263,792 683,981 129,495 2,077,268 
Three Months Ended March 29, 2025
(amounts in thousands)North
America 		EuropeTotal
Revenues from external customers$530,561 $245,445 $776,006 
Intersegment net revenues33 489 522 
Total segment net revenues$530,594 $245,934 $776,528 
Reconciliation of Revenue
Elimination of intersegment net revenues(522)
Total consolidated net revenues$776,006 
Less:
Adjusted cost of sales$465,648 $197,854 $663,502 
Adjusted selling, general and administrative69,499 44,261 113,760 
Other segment items(1)
(20,110)(7,327)(27,437)
Adjusted EBITDA$15,524 $10,657 $26,181 
Total Reportable Segment Adjusted EBITDA$26,181 
Less:
Depreciation and amortization27,295 
Interest expense, net14,918 
Corporate and unallocated costs4,312 
Special items:
Net legal and professional expenses and settlements11,882 
Goodwill impairment137,721 
Restructuring and asset-related charges, net14,546 
M&A related costs, net(613)
Net gain on sale of business, property, and equipment(653)
Loss on extinguishment and refinancing of debt237 
Share-based compensation expense3,228 
Other special items2,828 
Loss, before tax$(189,520)
(1)Other segment items included depreciation and amortization, which are included as a component of the significant expense categories regularly provided to the CODM above but are not included in the measure of segment profit, as well as other items, which are excluded from the categories regularly provided to the CODM, which primarily included:
North America - Refund of deposits for antidumping and countervailing duties on wood mouldings and millwork products purchased from China from 2022 to 2023.
Europe - Pension expense and foreign currency losses.
Three Months Ended March 29, 2025
(amounts in thousands)North
America 		EuropeCorporate
and
Unallocated
Costs		Total
Consolidated
Depreciation and amortization
$17,325 $7,565 $2,405 $27,295 
Capital expenditures27,736 10,290 3,928 41,954 
Segment assets
1,349,336 774,988 294,591 2,418,915