Simpson Manufacturing (SSD) 10-K25 Feb 222021 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2021	Feb. 22, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	1-13429
Entity Registrant Name	Simpson Manufacturing Co., Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3196943
Entity Address, Address	5956 W. Las Positas Blvd
Entity Address, City or Town	Pleasanton
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94588
City Area Code	925
Local Phone Number	560-9000
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	SSD
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 4,771,512,268
Entity Common Stock, Shares Outstanding		43,354,677
Entity Central Index Key	0000920371
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
ICFR Auditor Attestation Flag	true
Documents Incorporated by Reference	Portions of the registrant's definitive Proxy Statement for its 2022 annual meeting of stockholders (the "2022 Annual Meeting") are incorporated herein by reference in Part III of this Annual Report on Form 10-K to the extent stated herein. Such Proxy Statement will be filed with the Securities and Exchange Commission (the "SEC") within 120 days of the registrant's fiscal year ended December 31, 2021.

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name	Grant Thornton LLP
Auditor Location	San Francisco, California
Auditor Firm ID	248

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 301,155	$ 274,639
Trade accounts receivable, net	231,021	165,128
Inventories	443,756	283,742
Other current assets	22,903	29,630
Total current assets	998,835	753,139
Property, plant and equipment, net	259,869	255,184
Operating lease right-of-use assets	45,438	45,792
Goodwill	134,022	135,844
Intangible assets, net	26,269	26,800
Other noncurrent assets	19,692	15,810
Total assets	1,484,125	1,232,569
Current liabilities
Trade accounts payable	57,215	48,271
Accrued liabilities and other current liabilities	187,387	145,790
Total current liabilities	244,602	194,061
Operating lease liabilities	37,091	37,199
Deferred income tax and other long-term liabilities	18,434	20,366
Total liabilities	300,127	251,626
Commitments and contingencies (see Note 14)
Stockholders’ equity
Common stock, par value $0.01; authorized shares, 160,000; issued and outstanding shares, 43,217 and 43,326 at December 31, 2021 and 2020, respectively	432	433
Additional paid-in capital	294,330	284,007
Retained earnings	906,841	720,441
Treasury stock	0	(13,510)
Accumulated other comprehensive loss	(17,605)	(10,428)
Total stockholders’ equity	1,183,998	980,943
Total liabilities and stockholders’ equity	$ 1,484,125	$ 1,232,569

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0	$ 0.01
Preferred stock, authorized shares (in shares)	0	5,000
Preferred stock, issued shares (in shares)	0	0
Preferred stock, outstanding shares (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares (in shares)	160,000,000	160,000,000
Common stock, issued shares (in shares)	43,217,000	43,326,000
Common stock, outstanding shares (in shares)	43,217,000	43,326,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net sales	$ 1,573,217	$ 1,267,945	$ 1,136,539
Cost of sales	818,187	691,561	644,409
Gross profit	755,030	576,384	492,130
Operating expenses:
Research and development and other engineering	59,381	50,807	47,058
Selling	135,004	112,517	112,568
General and administrative	193,176	161,029	157,274
Total operating expenses	387,561	324,353	316,900
Net gain on disposal of assets	(324)	(332)	(6,024)
Income from operations	367,793	252,363	181,254
Interest expense, net and other	(3,662)	(2,012)	(1,730)
Foreign exchange gain (loss), net and other	(5,582)	(787)	(1,167)
Income before taxes	358,549	249,564	178,357
Provision for income taxes	92,102	62,564	44,375
Net income	266,447	187,000	133,982
Translation adjustment, net of tax	(7,313)	14,172	885
Unamortized pension adjustments, net of tax	404	(161)	(1,064)
Cash flow hedge adjustment, net of tax	(268)	390	0
Comprehensive income	$ 259,270	$ 201,401	$ 133,803
Net income per common share:
Earnings Per Share, Basic	$ 6.15	$ 4.28	$ 3
Earnings Per Share, Diluted	$ 6.12	$ 4.27	$ 2.98
Weighted average number of shares of common stock outstanding
Basic (in shares)	43,325	43,709	44,735
Diluted (in shares)	43,532	43,841	44,921

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Balance at Dec. 31, 2018	$ 855,514	$ 453	$ 276,504	$ 628,207	$ (24,650)	$ (25,000)
Balance (in shares) at Dec. 31, 2018		44,998
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	133,982			133,982
Translation adjustment, net of tax	885				885
Pension adjustment, net of tax	(1,064)				(1,064)
Stock-based compensation expense	9,325		9,325
Repurchase of common stock	(60,816)		0			(60,816)
Repurchase of common stock (in shares)		(972)
Retirement of common stock	0	$ (13)		(76,424)		76,437
Cash dividends declared on common stock	(40,258)			(40,258)
Shares issued from release of restricted stock units	(5,903)	$ 2	(5,905)
Shares issued from release of restricted stock units (in shares)		178
Common stock issued	292		292
Common stock issued (in shares)		5
Balance at Dec. 31, 2019	891,957	$ 442	280,216	645,507	(24,829)	(9,379)
Balance (in shares) at Dec. 31, 2019		44,209
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	187,000			187,000
Translation adjustment, net of tax	14,172				14,172
Pension adjustment, net of tax	(161)				(161)
Cash flow hedge adjustment, net of tax	390				390
Stock-based compensation expense	11,410		11,410
Repurchase of common stock	(76,189)		0			(76,189)
Repurchase of common stock (in shares)		(1,053)
Retirement of common stock	0	$ (10)		(72,048)		72,058
Cash dividends declared on common stock	(40,018)			(40,018)
Shares issued from release of restricted stock units	(7,959)	$ 1	(7,960)
Shares issued from release of restricted stock units (in shares)		166
Common stock issued	341		341
Common stock issued (in shares)		4
Balance at Dec. 31, 2020	$ 980,943	$ 433	284,007	720,441	(10,428)	(13,510)
Balance (in shares) at Dec. 31, 2020	43,326	43,326
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 266,447			266,447
Translation adjustment, net of tax	(7,313)				(7,313)
Pension adjustment, net of tax	404				404
Cash flow hedge adjustment, net of tax	(268)				(268)
Stock-based compensation expense	15,029		15,029
Repurchase of common stock	(24,125)		0			(24,125)
Repurchase of common stock (in shares)		(222)
Retirement of common stock	0	$ (3)		(37,632)		37,635
Cash dividends declared on common stock	(42,415)			(42,415)
Shares issued from release of restricted stock units	(5,395)	$ 2	(5,397)
Shares issued from release of restricted stock units (in shares)		106
Common stock issued	691		691
Common stock issued (in shares)		7
Balance at Dec. 31, 2021	$ 1,183,998	$ 432	$ 294,330	$ 906,841	$ (17,605)	$ 0
Balance (in shares) at Dec. 31, 2021	43,217	43,217

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.98	$ 0.92	$ 0.91
Common stock issued, price per share (in dollars per share)	$ 93.45	$ 88.31	$ 54.31

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net income	$ 266,447	$ 187,000	$ 133,982
Adjustments to reconcile net income to net cash provided by operating activities:
Loss (gain) on sale of assets and other	2,116	(318)	(6,023)
Depreciation and amortization	42,477	38,767	38,402
Noncash lease expense	9,562	6,984	7,136
Deferred income taxes	(915)	3,179	2,557
Noncash compensation related to stock plans	17,715	13,507	10,434
Provision for (benefit from ) doubtful accounts	393	(98)	977
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Trade accounts receivable	(67,993)	(22,107)	6,096
Inventories	(164,202)	(27,219)	23,655
Other current assets	(1,951)	(845)	(3,808)
Trade accounts payable	10,235	11,360	(845)
Accrued liabilities and other current liabilities	50,548	7,754	(145)
Other noncurrent assets and liabilities	(13,137)	(10,392)	(6,756)
Net cash provided by operating activities	151,295	207,572	205,662
Cash flows from investing activities
Capital expenditures	(43,738)	(32,579)	(32,699)
Acquisitions, net of cash acquired	(218)	(2,797)	(2,650)
Purchases of intangible assets	(5,856)	(5,330)	(4,827)
Purchases of Equity investments	(9,829)	0	0
Proceeds from sale of property and equipment	836	853	12,155
Net cash used in investing activities	(58,805)	(39,853)	(28,021)
Cash flows from financing activities
Proceeds from lines of credit	16,752	169,164	16,647
Repayments of line of credit and capital leases	(16,408)	(170,680)	(17,883)
Debt issuance costs	(819)	(712)	0
Repurchase of common stock	(24,125)	(76,189)	(60,816)
Dividends paid	(41,619)	(40,400)	(40,197)
Cash paid on behalf of employees for shares withheld	(5,397)	(7,960)	(5,905)
Net Cash Provided by (Used in) Financing Activities, Total	(71,616)	(126,777)	(108,154)
Effect of exchange rate changes on cash	5,642	3,487	543
Net increase in cash and cash equivalents	26,516	44,429	70,030
Cash and cash equivalents at beginning of year	274,639	230,210	160,180
Cash and cash equivalents at end of year	301,155	274,639	230,210
Cash paid during the year for
Interest	1,597	1,598	143
Income taxes	83,662	63,035	37,730
Noncash activity during the year for
Noncash capital expenditures	99	3,719	557
Contingent consideration for acquisition	0	547	0
Issuance of Company’s common stock for compensation	691	341	292
Dividends declared but not paid	$ 10,806	$ 9,999	$ 10,170

Operations and Summary of Signi

Operations and Summary of Significant Accounting Policies	12 Months Ended
Operations and Summary of Significant Accounting Policies	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operations and Summary of Significant Accounting Policies	Operations and Summary of Significant Accounting Policies Nature of Operations Simpson Manufacturing Co., Inc., through Simpson Strong-Tie Company Inc. and its other subsidiaries (collectively, the “Company”), focuses on designing, manufacturing, and marketing systems and products to make buildings and structures safe and secure. The Company designs, engineers and is a leading manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder actuated tools and fiber reinforcing materials. The Company markets its products to the residential construction, industrial, commercial and infrastructure construction, remodeling and do-it-yourself markets. The Company operates exclusively in the building products industry. The Company’s products are sold primarily in the U.S., Canada, Europe and Pacific Rim. A significant portion of the Company’s business is dependent on economic activity within the North America segment. The Company's business is also dependent on the availability of steel, its primary raw material. Principles of Consolidation The accompanying consolidated financial statements include the accounts of Simpson Manufacturing Co., Inc. and its subsidiaries. Investments in 50% or less owned entities are accounted for using either cost or the equity method. All significant intercompany transactions have been eliminated. Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management believes that these consolidated financial statements include all normal and recurring adjustments necessary for a fair presentation under GAAP. The Company assessed certain accounting matters that require the use of estimates and assumptions in context with the known and projected future impacts of COVID-19. The Company's actual results could differ materially from those estimates. Cash Equivalents The Company classifies investments that are highly liquid and have maturities of three months or less at the date of purchase as cash equivalents. As of December 31, 2021 and 2020, the value of these investments were $26.4 million and $45.4 million, respectively, consisting of U.S. Treasury securities and money market funds. The value of the investments is based on cost, which approximates fair value based on Level 1 inputs. Current Estimated Credit Loss - Allowance for doubtful accounts The Company maintains an allowance for doubtful accounts receivable for estimated future expected credit losses resulting from customers' failure to make payments on its accounts receivable. The Company determines the estimate of the allowance for doubtful accounts receivable by considering several factors, including (1) specific information on the financial condition and the current creditworthiness of customers, (2) credit rating, (3) payment history and historical experience, (4) aging of the accounts receivable, and (5) reasonable and supportable forecasts about collectability. The Company also reserves 100% of the amounts deemed uncollectible due to a customer's deteriorating financial condition or bankruptcy. Every quarter, the Company evaluates the customer group using the accounts receivable aging report and its best judgment when considering changes in customers' credit ratings, level of delinquency, customers' historical payments and loss experience, current market and economic conditions, and expectations of future market and economic conditions. The changes in the allowance for doubtful accounts receivable for the year ended December 31, 2021 are outlined in the table below: Balance Balance (in thousands) December 31, 2020 Expense (Deductions), net Write-Offs 1 December 31, 2021 Allowance for Doubtful Accounts $ 2,110 $ 393 $ 570 $ 1,933 1 Amount is net of recoveries and the effect of foreign currency fluctuations for the year ended December 31, 2021 Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash in banks, short-term investments in money market funds and trade accounts receivable. The Company maintains its cash in demand deposit and money market accounts held in 17 banks, and at times these cash and investments may be in excess of amounts insured by the Federal Deposit Insurance Corporation (FDIC). However, we have not experienced any losses on these accounts. Inventory Valuation Inventories are stated at the lower of cost or net realizable value. Cost includes all costs incurred in bringing each product to its present location and condition, as follows: • Raw materials and purchased finished goods for resale — principally valued at a cost determined on a weighted average basis; and • In-process products and finished goods — the cost of direct materials and labor plus attributable overhead based on a normal level of activity. The Company applies net realizable value and makes estimates for obsolescence to the gross value of the inventory. Estimated net realizable value is based on estimated selling price less further costs to completion and disposal. The Company impairs slow-moving products by comparing inventories on hand to projected demand. If the on-hand supply of a product exceeds projected demand or if the Company believes the product is no longer marketable, the product is considered obsolete inventory. The Company revalues obsolete inventory to its net realizable value and has consistently applied this methodology. When impairments are established, a new cost basis of the inventory is created. An unexpected change in market demand, building codes or buyer preferences could reduce the rate of inventory turnover and require the recognition of more obsolete inventory. Warranties and recalls The Company provides product warranties for specific product lines and records estimated expenses in the period in which the recall occurs, none of which has been material to the consolidated financial statements. In a limited number of circumstances, the Company may also agree to indemnify customers against legal claims made against those customers by the end users of the Company’s products. Historically, payments made by the Company, if any, under such agreements have not had a material effect on its consolidated results of operations, cash flows or financial position. Equity Investments The Company accounts for investments and ownership interests under equity method accounting when it has the ability to exercise significant influence, but does not have a controlling financial interest. The Company records its interest in the net earnings of its equity method investees, along with adjustments for unrealized profits or losses within earnings or loss from equity interests in the consolidated statements of operations. The investment is reviewed for impairment whenever factors indicate that its carrying amount might not be recoverable and the decrease in value, if any, is recognized in the period the impairment occurs in the consolidated statement of operations. Fair Value of Financial Instruments Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or a liability. Assets and liabilities recorded at fair value are measured and classified under a three-tier fair valuation hierarchy based on the observability of the inputs available in the market: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument; and Level 3 inputs are unobservable inputs based on the Company’s assumptions used to measure assets and liabilities at fair value. The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The carrying amounts of trade accounts receivable, accounts payable, accrued liabilities and other current liabilities approximate fair value due to the short-term nature of these instruments. The fair value of the Company’s contingent consideration related to acquisitions and equity investment are classified as Level 3 within the fair value hierarchy as it is based on unobserved inputs such as management estimates and entity-specific assumptions and is evaluated on an ongoing basis. The fair value of foreign currency forward contracts, calculated based on Level 1 inputs, was not material as of December 31, 2021. Derivative Instruments - Foreign Currency Contracts The Company uses derivative instruments as a risk management tool to mitigate the potential impact of certain market risks. Foreign currency exchange rate risk is the primary market risk the Company manages through the use of derivative instruments, which are accounted for as cash flow hedges under the accounting standards and carried at fair value as other current assets or other current liabilities in the consolidated balance sheets. Net deferred gains and losses related to changes in fair value are included in accumulated other comprehensive loss, a component of shareholders' equity in the consolidated balance sheets, and are reclassified into the line item in the consolidated statement of income in which the hedged items are recorded in the same period the hedged item affects earnings. Changes in fair value of any derivatives that are determined to be ineffective are immediately reclassified from other comprehensive income into earnings. The cash flow impact of the Company's derivative instruments is primarily included in the consolidated statement of cash flows in net cash provided by operating activities. Refer to Note 8. Business Combinations and Asset Acquisitions Business combinations are accounted for under the acquisition method in accordance with ASC 805, Business Combinations. The acquisition method requires identifiable assets acquired and liabilities assumed and any noncontrolling interest in the business acquired be recognized and measured at fair value on the acquisition date, which is the date that the acquirer obtains control of the acquired business. The amount by which the fair value of consideration transferred as the purchase price exceeds the net fair value of assets acquired and liabilities assumed is recorded as goodwill. Acquisitions that do not meet the definition of a business under the ASC are accounted for as an acquisition of assets, whereby all of the cost of the individual assets acquired and liabilities assumed, including certain transactions costs, are allocated on a relative fair value basis. Accordingly, goodwill is never recognized in an asset acquisition. Property, Plant and Equipment Property, plant and equipment are carried at cost. Major renewals and betterments are capitalized while maintenance and repairs are expensed as incurred. When assets are sold or retired, their costs and accumulated depreciation are removed from the accounts, and the resulting gains or losses are reflected in the consolidated statements of operations. The “Intangibles—Goodwill and Other” topic of the FASB ASC provides guidance on capitalization of the costs incurred for computer software developed or obtained for internal use. The Company capitalizes qualified external costs and internal costs related to the purchase and implementation of software projects used for business operations and engineering design activities. Capitalized software costs primarily include purchased software, internal costs and external consulting fees. Capitalized software projects are amortized over the estimated useful lives of the software. Depreciation and Amortization Software, including amounts capitalized for internally developed software is amortized on a straight-line basis over an estimated useful life of three estimated useful life of three Preferred Stock The Company’s Board of Directors has the authority to issue authorized and unissued preferred stock in one or more series with such designations, rights and preferences as may be determined from time to time by the Board of Directors. Accordingly, the Board of Directors is empowered, without stockholder approval, to issue preferred stock with dividend, redemption, liquidation, conversion, voting or other rights that could adversely affect the voting power or other rights of the holders of the Company’s common stock. Common Stock Subject to the rights of holders of any preferred stock that may be issued in the future, holders of common stock are entitled to receive dividends, if any, as may be declared from time to time by the Board of Directors out of legally available funds, and in the event of liquidation, dissolution or winding-up of the Company, to share ratably in all assets available for distribution. The holders of common stock have no preemptive or conversion rights. Subject to the rights of any preferred stock that may be issued in the future, the holders of common stock are entitled to one vote per share on any matter submitted to a vote of the stockholders. A director in an uncontested election is elected if the votes cast “for” such director’s election exceed the votes cast “against” such director’s election, except that, if a stockholder properly nominates a candidate for election to the Board of Directors, the candidates with the highest number of affirmative votes (up to the number of directors to be elected) are elected. There are no redemption or sinking fund provisions applicable to common stock. Comprehensive Income or Loss Comprehensive income is defined as net income plus other comprehensive income or loss. Other comprehensive income or loss consists of changes in cumulative translation adjustments, changes in unamortized pension adjustments and changes in the fair value of derivative instruments classified as cash flow hedge instruments, all of which are recorded directly in accumulated other comprehensive income within stockholders’ equity. Foreign Currency Translation The local currency is the functional currency for all of the Company’s operations in Europe, Canada, Asia, Australia and New Zealand. Assets and liabilities denominated in foreign currencies are translated using the exchange rate on the balance sheet date. Revenues and expenses are translated using average exchange rates prevailing during the year. The translation adjustment resulting from this process is shown separately as a component of stockholders’ equity. Foreign currency transaction gains or losses are presented below operating income. Revenue Recognition Generally, the Company's revenue contract with a customer exists when (1) the goods are shipped, services are rendered, and the related invoice is generated, (2) the duration of the contract does not extend beyond the promised goods or services already transferred and (3) the transaction price of each distinct promised product or service specified in the invoice is based on its relative stated standalone selling price. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product to a customer at a point in time. Our shipping terms provide the primary indicator of the transfer of control. The Company's general shipping terms are Incoterm C.P.T. (F.O.B. shipping point), where the title, and risk and rewards of ownership transfer at the point when the products are no longer on the Company's premises. Other Incoterms are allowed as exceptions depending on the product or service being sold and the nature of the sale. The Company recognizes revenue based on the consideration specified in the invoice with a customer, excluding any sales incentives, discounts, and amounts collected on behalf of third parties (i.e., governmental tax authorities). Based on historical experience with the customer, the customer's purchasing pattern, and its significant experience selling products, the Company concluded that a significant reversal in the cumulative amount of revenue recognized would not occur when the uncertainty (if any) is resolved (that is, when the total amount of purchases is known). Refer to Note 2 for additional information. The Company presents taxes collected and remitted to governmental authorities on a net basis in the consolidated statements of operations. Cost of Sales Cost of sales includes material, labor, factory and tooling overhead, shipping, and freight costs. Major components of these expenses are steel and other materials, packaging and cartons, personnel costs, and facility costs, such as rent, depreciation and utilities, related to the production and distribution of the Company’s products. Inbound freight charges, purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs, and other costs of the Company’s distribution network are also included in cost of sales. Tool and Die Costs Tool and die costs are included in product costs in the year incurred. Product and Software Research and Development Costs Product research and development costs, which are included in operating expenses and are charged against income as incurred, were $12.3 million, $10.1 million and $10.9 million in 2021, 2020 and 2019, respectively. Product research and development expenses include all related personnel costs including salary, benefits, retirement, stock-based compensation costs, as well as computer and software costs, professional fees, supplies, tools and maintenance costs. In 2021, 2020 and 2019, the Company incurred software development expenses related to its ongoing expansion into the plated truss market and some of the software development costs were capitalized. See "Note 8 — Property, Plant and Equipment." The Company amortizes acquired patents over their remaining lives and performs periodic reviews for impairment. The cost of internally developed patents is expensed as incurred. Selling Costs Selling costs include expenses associated with selling, merchandising and marketing the Company’s products. Major components of these expenses are personnel, sales commissions, facility costs such as rent, depreciation and utilities, professional services, information technology costs, sales promotion, advertising, literature and trade shows. Advertising Costs Advertising costs are included in selling expenses and were $8.4 million, $8.2 million and $8.2 million in 2021, 2020, and 2019, respectively. General and Administrative Costs General and administrative costs include personnel, information technology related costs, facility costs such as rent, depreciation and utilities, professional services, amortization of intangibles and bad debt charges. Accounting for Leases The Company has operating and finance leases for certain facilities, equipment, autos and data centers. As an accounting policy for short-term leases, the Company elected to not recognize a right-of-use asset ("ROU asset") and liability if, at the commencement date, the lease (1) has a term of 12 months or less and (2) does not include renewal and purchase options that the Company is reasonably certain to exercise. Monthly payments on short-term leases are recognized on a straight-line basis over the full lease term. Accounting for Stock-Based Compensation The Company recognizes stock-based compensation expense related to the estimated fair value of restricted stock awards on a straight-line basis, net of estimated forfeitures, over the requisite service period of the awards, which is generally the vesting term of four years. Stock-based expense related to performance share grants are measured based on grant date fair value and expensed on a graded basis over the service period of the awards, which is generally a performance period of three years. The performance conditions are based on the Company's achievement of revenue growth and return on invested capital over the performance period, and are evaluated for the probability of vesting at the end of each reporting period with changes in expected results recognized as an adjustment to expense. The assumptions used to calculate the fair value of restricted stock grants are evaluated and revised, as necessary, to reflect market conditions and the Company’s experience. Income Taxes Income taxes are calculated using an asset and liability approach. The provision for income taxes includes federal, state and foreign taxes currently payable and deferred taxes, due to temporary differences between the financial statement and tax bases of assets and liabilities. In addition, future tax benefits are recognized to the extent that realization of such benefits is more likely than not. This method gives consideration to the future tax consequences of the deferred income tax items and immediately recognizes changes in income tax laws in the year of enactment. Net Income per Share Basic net income per common share is computed based on the weighted average number of common shares outstanding. Potentially dilutive shares are included in the diluted per-share calculations using the treasury stock method for all periods when the effect of their inclusion is dilutive. Accounting Standards Not Yet Adopted In March 2020, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 provides optional guidance to ease the potential burden in accounting for reference rate reform on financial reporting in response to the risk of cessation of the London Interbank Offered Rate (“LIBOR”) on December 31, 2021. This ASU allows the option to account for and present a modification that meets the scope of the standard as an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination required under the relevant topic or subtopic. Entities are permitted to apply the amendments to all contracts, cash flow and net investment hedge relationships that exist as of March 12, 2020. The relief provided in this ASU is only available for a limited time, generally through December 31, 2022. The Company's primary credit facility is the $300 million revolving line of credit (the "Credit Facility") with Wells Fargo Bank, which matures on July 12, 2026. Borrowings under the Credit Facility bear interest using LIBOR plus an applicable margin. The Credit Facility currently includes a provision for the determination of a successor LIBOR rate or an alternative rate of interest. On March 5, 2021, ICE Benchmark Administration, the administrator of the LIBOR and the Financial Conduct Authority, announced that some United States Dollar LIBOR tenors (overnight, 1 month, 3 month, and 12 month) will continue to be published until June 30, 2023. The Company does not expect a material impact to its consolidated operating results, financial position or cash flow from the transition from LIBOR to alternative reference interest rates, but the Company will continue to monitor the impact of the transition until it is completed. All other newly issued and effective accounting standards during 2021 were determined to be not relevant or material to the Company.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
Revenue from Contracts with Customers	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customer	Revenue from Contracts with Customers Disaggregated revenue The Company disaggregates net sales into the following major product groups as described in its segment information included in these financial statements under Note 18. Wood Construction Products Revenue . Wood construction products represented approximately 87%, 85%, 84% and of total net sales in the year ended December 31, 2021, 2020, and 2019 respectively. Concrete Construction Products Revenue. Concrete construction products represented approximately 13%, 15%, 16% of total net sales in the year ended December 31, 2021, 2020 and 2019, respectively. Customer acceptance criteria. Generally, there are no customer acceptance criteria included in the Company’s standard sales agreement with customers. When an arrangement with the customer does not meet the criteria to be accounted for as a revenue contract under the standard, the Company recognizes revenue in the amount of nonrefundable consideration received when the Company has transferred control of the goods or services and has stopped transferring (and has no obligation to transfer) additional goods or services. The Company offers certain customers discounts for paying invoices ahead of the due date, which are generally 30 to 60 days after the issue date. Other revenue . Service sales, representing after-market repair and maintenance, engineering activities and software license sales and services were less than 0.1% of net sales for 2021,2020 and 2019 and recognized as the services are completed or by transferring control over a product to a customer at a point in time. Services may be sold separately or in bundled packages. The typical contract length for service is generally less than one year. For bundled packages, the Company accounts for individual services separately when they are distinct within the context of the contract. A distinct service is separately identifiable from other items in the bundled package if a customer can benefit from it on its own or with other resources that are readily available to the customer. The consideration (including any discounts) is allocated between separate services in a bundle based on their stand-alone selling prices. The stand-alone selling prices are determined based on the prices at which the Company separately sells the services. Reconciliation of contract balances Contract assets are the rights to consideration in exchange for goods or services that the Company has transferred to a customer when that right is conditional on something other than the passage of time. Contract liabilities are recorded for any services billed to customers and not yet recognizable if the contract period has commenced or for the amount collected from customers in advance of the contract period commencing. As of December 31, 2021 and 2020, the Company had no contract assets or contract liabilities from contracts with customers . Other accounting considerations Volume discounts. Volume discounts are accounted for as variable consideration because the transaction price is uncertain until the customer completes or fails to purchase the specified volume of purchases (consideration is contingent on a future outcome - occurrence or nonoccurrence). In addition, the Company applies the volume rebate or discount retrospectively, because the final price of each products or services sold depends on the customer's total purchases subject to the rebate program. Estimated rebates are deducted from revenues based on the gross transaction price and historical experience with the customer. Rights of return and other allowances. Rights of return creates variability in the transaction price. The Company accounts for returned product during the return period as a refund to customer and not a performance obligation. The estimated allowance for returns is based on historical percentage of returns and allowance from prior periods and the customer's historical purchasing pattern. This estimate is deducted from revenues based on the gross transaction price. Principal versus Agent. The Company considered the principal versus agent guidance of the new revenue recognition standard and concluded that the Company is the principal in a third-party transaction. The Company manufactures its products and has control over transfer of its products to Dealer Distributors, Contract Distributors, and end customers. Costs to obtain or fulfill a contract. Costs incurred to obtain a contract are immaterial. Commission cost is not an incremental cost directly related to obtaining a contract. Shipping costs. The Company recognizes shipping and handling activities that occur after the customer has obtained control of goods as a fulfillment cost rather than as an additional promised service. Therefore, the Company recognizes revenue and accrues shipping and handling costs when the control of goods transfers to the customer upon shipment. Advertising costs. Cooperative advertising and partnership discounts are consideration payable to a customer and not a payment in exchange for a distinct product or service at fair value. Estimated cooperative advertising and partnership discounts are reductions to the transaction price.

Net Income per Share

Net Income per Share	12 Months Ended
Net Income per Share	Dec. 31, 2021
Earnings Per Share [Abstract]
Net Income per Share	Net Income per Share The following shows a reconciliation of basic earnings per share (“EPS”) to diluted EPS: For the Year Ended December 31, (in thousands, except per-share amounts) 2021 2020 2019 Net income available to common stockholders $ 266,447 $ 187,000 $ 133,982 Basic weighted average shares outstanding 43,325 43,709 44,735 Dilutive effect of potential common stock equivalents 207 132 186 Diluted weighted average shares outstanding 43,532 43,841 44,921 Net earnings per share: Basic $ 6.15 $ 4.28 $ 3.00 Diluted $ 6.12 $ 4.27 $ 2.98

Stockholders' Equity

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2021
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Stock Repurchases For the fiscal year ended December 31, 2021, the Company repurchased 222,060 shares of the Company’s common stock in the open market at an average price of $108.64 per share, for a total of $24.1 million. As of December 31, 2021, approximately $75.9 million was not used for repurchase under the previously announced $100.0 million share repurchase authorization (which expired at the end of 2021). On November 18, 2021, the Company’s Board of Directors authorized the Company to repurchase up to $100.0 million of the Company’s common stock from January 1, 2022 through December 31, 2022. As of December 31, 2021, the Company held zero shares of its common stock as treasury shares and in 2021, retired a total of 373,034 of its common stock. Comprehensive Income or Loss The following shows the components of accumulated other comprehensive income or loss as of December 31, 2021, 2020, and 2019 respectively: Foreign Currency Translation Pension Benefit Cash Flow Hedge Total (in thousands) Balance at January 1, 2019 $ (22,965) $ (1,685) $ — $ (24,650) Other comprehensive gain/(loss), net of tax effect 885 (1,064) — (179) Balance at December 31, 2019 (22,080) (2,749) — (24,829) Other comprehensive gain/(loss), net of tax effect 14,172 (161) 390 14,401 Balance at December 31, 2020 (7,908) (2,910) 390 (10,428) Other comprehensive gain/(loss), net of tax effect (7,313) 404 (268) (7,177) Balance at December 31, 2021 $ (15,221) $ (2,506) $ 122 $ (17,605)

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
Stock-Based Compensation	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based CompensationThe Company currently maintains the Simpson Manufacturing Co., Inc. Amended and Restated 2011 Incentive Plan (the “2011 Plan”) as its only equity incentive plan. Under the 2011 Plan, no more than 16.3 million shares of the Company’s common stock in aggregate may be issued, including shares already issued pursuant to prior awards granted under the 2011 Plan. Shares of common stock underlying awards to be issued pursuant to the 2011 Plan are registered under the Securities Act. Under the 2011 Plan, the Company may grant restricted stock and restricted stock units. The Company currently intends to award only performance-based stock units ("PSUs") and/or time-based restricted stock units ("RSUs"). The following table shows the Company’s stock-based compensation activity: Fiscal Years Ended December 31, (in thousands) 2021 2020 2019 Stock-based compensation expense recognized $ 15,036 $ 11,384 $ 9,480 Tax benefit of stock-based compensation expense in provision for income taxes 3,787 2,859 2,330 Stock-based compensation expense, net of tax $ 11,249 $ 8,525 $ 7,150 Fair value of shares vested $ 15,701 $ 21,921 $ 16,760 The Company allocates stock-based compensation expense amongst cost of sales, research and development and other engineering expense, selling expense, or general and administrative expense based on the job functions performed by the employees to whom the stock-based compensation is awarded. Stock-based compensation capitalized in inventory was immaterial for all periods presented. The following table summarizes the Company’s unvested restricted stock unit activity for the year ended December 31, 2021: Shares Weighted- Aggregate Unvested Restricted Stock Units (RSUs) Outstanding at January 1, 2021 351 $ 66.13 $ 33,188 Awarded 168 93.26 Vested (162) 60.30 Forfeited (13) 81.50 Outstanding at December 31, 2021 344 $ 81.33 $ 47,721 Outstanding and expected to vest at December 31, 2021 474 $ 78.45 $ 65,984 * The intrinsic value for outstanding and expected to vest is calculated using the closing price per share of $139.07, as reported by the New York Stock Exchange on December 31, 2021. During the year ended December 31, 2021, the Company granted 161,643 RSUs and PSUs to the Company’s employees, including officers at an estimated weighted average fair value of $100.93 per share, based on the closing price (adjusted for certain market factors primarily the present value of dividends) of the Company’s common stock on the grant date. The RSUs and PSUs granted to the Company’s employees may be time-based, performance-based or time- and performance-based. Certain of the PSUs are granted to officers and key employees, where the number of performance-based awards to be issued is based on the achievement of certain Company performance criteria established in the award agreement over a cumulative three year period. These awards cliff vest after three years. In addition, these same officers and key employees also receive time-based RSUs, which vest pursuant to a three-year graded vesting schedule. Time- and performance based RSUs granted to the Company’s employees excluding officers and certain key employees, vest ratably over the four year life of the award and through 2019, required the underlying shares of the Company's common stock to be subject to a performance-based adjustment during the first year and starting in 2020, were time-based awards which vest ratable over the four year life of the award . The Company’s seven non-employee directors are entitled to receive approximately $690 thousand in equity compensation annually. The number of shares ultimately granted are based on the average closing share price for the Company over the 60 day period prior to approval of the award in the second quarter of each year. In May and June 2021, the Company granted 6,601 shares of the Company's common stock to the non-employee directors, based on the average closing price of $100.33 per share and recognized total expense of $756 thousand. The total intrinsic value of RSUs vested during the years ended December 31, 2021, 2020 and 2019 was $15.7 million, $21.9 million and $16.7 million, respectively, based on the market value on the vest date. As of December 31, 2021, the Company’s aggregate unamortized stock compensation expense was approximately $17.3 million, which is expected to be recognized in expense over a weighted-average period of approximately 2.2 years. Stock Bonus Plan The Company also maintains a stock bonus plan, the Simpson Manufacturing Co., Inc. 1994 Employee Stock Bonus Plan (the “Stock Bonus Plan”), whereby it awards shares of the Company’s common stock to employees, who do not otherwise participate in any of the Company’s equity-based incentive plans and meet minimum service requirements. Shares have generally been awarded under the Stock Bonus Plan following the year in which the respective employee reached his or her tenth, twentieth, thirtieth, fortieth or fiftieth anniversary of employment with the Company or any direct or indirect subsidiary thereof. The Company awarded shares for service through 2021, 2020, and 2019 as shown below: December 31, 2021 2020 2019 Shares issued 6,900 7,400 4,000 Shares settled with cash (foreign employees) 6,500 5,200 3,000 Total award 13,400 12,600 7,000

Trade Accounts Receivable, net

Trade Accounts Receivable, net	12 Months Ended
Trade Accounts Receivable, net	Dec. 31, 2021
Receivables [Abstract]
Trade Accounts Receivable, net	Trade Accounts Receivable, net Trade accounts receivable consisted of the following: December 31, (in thousands) 2021 2020 Trade accounts receivable $ 237,312 $ 170,001 Allowance for doubtful accounts (1,932) (2,110) Allowance for sales discounts (4,359) (2,763) $ 231,021 $ 165,128

Inventories

Inventories	12 Months Ended
Inventories	Dec. 31, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories are as follows: December 31, (in thousands) 2021 2020 Raw materials $ 191,174 $ 95,777 In-process products 30,309 21,803 Finished products 222,273 166,162 $ 443,756 $ 283,742

Derivative Instruments

Derivative Instruments	12 Months Ended
Derivative Instruments	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative InstrumentsThe Company transacts business in various foreign countries and may therefore be exposed to foreign currency exchange rate risk. The Company has established risk management programs to protect against volatility in the value of non-functional future cash flows caused by changes in foreign currency exchange rates and tries to maintain a partial or fully hedged position for certain transaction exposures when management considers appropriate. The Company enters into short-term foreign currency derivatives contracts, namely forward contracts, to hedge only those currency exposures associated with cash flows denominated in non-functional currencies. Gains and losses on the Company's derivative contracts are designed to offset losses and gains on the transactions hedged, and accordingly, generally do not subject the Company to risk of significant accounting losses. The Company hedges committed exposures and does not engage in speculative transactions. The credit risk of these derivative contracts is minimized since the contracts are with a large financial institution, and accordingly, fair value adjustments related to the credit risk of the counterparty financial institution are not material. The Company sources certain materials for its concrete products from a wholly owned subsidiary in China, and as a result is exposed to variability in cash outflows associated with changes in the foreign exchange rate between the U.S. Dollar and the Chinese Yuan (CNY). As of December 31, 2021, the Company had no outstanding foreign currency derivative contracts. Net deferred gains and losses on these contracts relating to changes in fair value are included in accumulated other comprehensive income or loss ("OCI"), a component of shareholders' equity in the consolidated balance sheets, and are reclassified into the line item in the consolidated statement of income in which the hedged items are recorded in the same period the hedged item affects earnings. For the year ended December 31, 2021, the Company recognized gains of $0.6 million, as a reduction of cost of sales. Changes in fair value of any forward contracts that are determined to be ineffective are immediately reclassified from OCI into earnings. The amounts deferred in OCI are expected to be recognized as a component of cost of sales in the consolidated statement of operations during 2022. There were no amounts recognized due to ineffectiveness during the year ended December 31, 2021.

Property, Plant and Equipment,

Property, Plant and Equipment, net	12 Months Ended
Property, Plant and Equipment, net	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, net	Property, Plant and Equipment, net Property, plant and equipment consisted of the following: December 31, (in thousands) 2021 2020 Land $ 28,175 $ 28,553 Buildings and site improvements 202,393 203,421 Leasehold improvements 5,995 7,091 Machinery and equipment 399,079 372,923 635,642 611,988 Less accumulated depreciation and amortization (402,246) (377,460) 233,396 234,528 Capital projects in progress 26,473 20,656 $ 259,869 $ 255,184 Property, plant and equipment as of December 31, 2021 and 2020, includes fully depreciated assets with an original cost of $234.0 million and $200.5 million, respectively, which are still in use in the Company’s operations. The Company capitalizes certain development costs associated with internal use software, including the direct costs of services provided by third-party consultants and payroll for internal employees, both of which are performing development and implementation activities on a software project. As of December 31, 2021 and 2020, the Company had capitalized software development costs net of accumulated amortization of $30.2 million and $29.4 million, respectively, included in Machinery and equipment and as of December 31, 2021 and 2020, $4.8 million and $5.5 million, respectively, was included in capital projects in progress.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
Goodwill and Intangible Assets	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The annual changes in the carrying amount of goodwill, by segment, as of December 31, 2020 and 2021, were as follows, respectively: (in thousands) North Europe Asia Total Balance as of January 1, 2020 $ 96,244 $ 34,300 $ 1,335 $ 131,879 Goodwill acquired — 106 — 106 Foreign exchange 67 3,661 139 3,867 Reclassifications — (8) — (8) Balance as of December 31, 2020 96,311 38,059 1,474 135,844 Foreign exchange (4) (1,622) (90) (1,716) Reclassifications — (106) — (106) Balance as of December 31, 2021 $ 96,307 $ 36,331 $ 1,384 $ 134,022 Goodwill Impairment Testing The Company tests goodwill for impairment at the reporting unit level on an annual basis (in the fourth quarter). Our goodwill balance is not amortized to expense, and we may assess qualitative factors and quantitative factors to determine whether it is more likely than not that the fair value of each reporting unit is less than its carrying amount as a basis for determining whether it is necessary to complete quantitative impairment assessments. The reporting unit level is generally one level below the operating segment, which is at the country level, except for the U.S., Australia and S&P Clever reporting units. The Company determined that the U.S. reporting unit includes four components: Northwest United States, Southwest United States, Northeast United States and Southeast United States. The Australia reporting unit includes two components: Australia and New Zealand. The S&P Clever reporting unit includes multiple European countries that are evaluated as one reporting unit. For each of these reporting units, the Company aggregated the components because management concluded that they are economically similar and that the goodwill is recoverable from these components working in concert. We evaluate the recoverability of goodwill in accordance with Accounting Standard Codification (“ASC”) Topic 350, “Intangibles - Goodwill and Other. In addition, the Company prospectively adopted as part of its review in 2018 the Financial Accounting Standard Board (FASB) issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. We assessed the qualitative factors related to the goodwill of the reporting units to determine whether it is necessary to perform an impairment test. We also considered quantitative factors due to the effects of the COVID-19 pandemic. If the Company judges that it is more likely than not that the fair value of the reporting unit is greater than the carrying amount, including goodwill, no further testing is required. This assessment method was utilized in our 2020 annual goodwill impairment test. In 2021, the Company applied the ("Step 1") approach where the Company compares the fair value of the reporting unit to its carrying value. The fair value calculation uses both the income approach (discounted cash flow method) and the market approach, equally weighted. If the Company determines that the carrying value of the net assets assigned to the reporting unit, including goodwill, exceeds the fair value of the reporting unit, no further action taken. If the Company determines that the carrying value of a reporting unit’s goodwill exceeds its implied fair value, the Company would record an impairment charge equal to the difference between the implied fair value of the goodwill and the carrying value. The 2021 and 2020 annual testing of goodwill for impairment did not result in impairment charges. "See Item 7 - Critical Accounting Policies and Estimates - Goodwill and Other Intangible Assets ". Amortizable Intangible Assets Intangible assets from acquired businesses or asset purchases are recognized at their estimated fair values on the date of acquisition and consist of patents, unpatented technology, non-compete agreements, trademarks, customer relationships and other intangible assets. Finite-lived intangibles are amortized to expense over the applicable useful lives, ranging from three The total gross carrying amount and accumulated amortization of definite-lived intangible assets at December 31, 2021 was $73.0 million and $46.7 million, respectively. The aggregate amount of amortization expense of intangible assets for the years ended December 31, 2021, 2020 and 2019 was $6.4 million $6.1 million and $5.5 million, respectively. The weighted-average remaining amortization period for all amortizable intangibles on a combined basis is 8.0 years. The annual changes in the carrying amounts of patents, unpatented technologies, customer relationships and non-compete agreements and other intangible assets subject to amortization for the years ended December 31, 2021 and 2020 were as follows: (in thousands) Gross Accumulated Net Patents Balance at January 1, 2020 $ 4,659 $ (561) $ 4,098 Purchases 40 — 40 Amortization — (373) (373) Balance at December 31, 2020 4,699 (934) 3,765 Purchases 6,074 — 6,074 Amortization — (428) (428) Balance at December 31, 2021 $ 10,773 $ (1,362) $ 9,411 (in thousands) Gross Accumulated Net Unpatented Technology Balance at January 1, 2020 $ 21,616 $ (14,361) $ 7,255 Amortization — (2,131) (2,131) Foreign exchange 488 — 488 Balance at December 31, 2020 22,104 (16,492) 5,612 Amortization — (2,174) (2,174) Reclassifications 348 — 348 Foreign exchange (49) — (49) Balance at December 31, 2021 $ 22,403 $ (18,666) $ 3,737 (in thousands) Gross Accumulated Net Non-Compete Agreements, Balance at January 1, 2020 $ 14,703 $ (5,529) $ 9,174 Purchases 6,700 6,700 Amortization — (2,195) (2,195) Foreign exchange 179 — 179 Balance at December 31, 2020 21,582 (7,724) 13,858 Amortization — (2,631) (2,631) Foreign exchange (148) — (148) Balance at December 31, 2021 $ 21,434 $ (10,355) $ 11,079 (in thousands) Gross Accumulated Net Customer Relationships Balance at January 1, 2020 $ 17,660 $ (13,732) $ 3,928 Acquisition 290 — 290 Amortization — (1,443) (1,443) Foreign exchange 173 — 173 Balance at December 31, 2020 18,123 (15,175) 2,948 Disposal (217) — (217) Amortization — (1,186) (1,186) Foreign exchange (117) — (117) Balance at December 31, 2021 $ 17,789 $ (16,361) $ 1,428 As of December 31, 2021, estimated future amortization of intangible assets was as follows: (in thousands) 2022 $ 4,767 2023 3,807 2024 2,859 2025 2,612 2026 1,884 Thereafter 9,724 $ 25,653 Indefinite-Lived Intangible Assets As of December 31, 2021, the only indefinite-lived intangible asset was a trade name in the amount of $0.6 million. Definite-lived and indefinite-lived assets, net, by segment as of December 31, 2021 and 2020 were as follows: December 31, 2020 Gross Accumulated Net (in thousands) Total Intangible Assets North America $ 40,786 $ (22,697) $ 18,089 Europe 26,341 (17,630) 8,711 Total $ 67,127 $ (40,327) $ 26,800 At December 31, 2021 Gross Accumulated Net (in thousands) Total Intangible Assets North America $ 46,643 $ (26,346) $ 20,297 Europe 26,371 (20,399) 5,972 Total $ 73,014 $ (46,745) $ 26,269

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2021
Leases [Abstract]
Leases	LeasesThe Company has operating leases for certain facilities, equipment and automobiles. The existing operating leases expire at various dates through 2026, some of which include options to extend the leases for up to five years. The Company measured the lease liability at the present value of the lease payments to be made over the lease term. The lease payments are discounted using the Company's incremental borrowing rate. The Company measured the right-of-use ("ROU") assets at the amount at which the lease liability is recognized plus initial direct costs incurred or prepayment amounts. The ROU assets are amortized on a straight-line basis over the lease term. The following table provides a summary of leases included on the consolidated balance sheets as of December 31, 2021 and 2020, and consolidated statements of earnings and comprehensive income, and consolidated statements of cash flows for the year ended December 31, 2021 and 2020: Consolidated Balance Sheets Line Item At December 31, 2021 2020 (in thousands) Operating leases Assets Operating leases Operating lease right-of-use assets $ 45,438 $ 45,792 Liabilities Operating-current Accrued expenses and other current liabilities $ 8,769 $ 9,143 Operating-noncurrent Operating lease liabilities 37,091 37,199 Total operating lease liabilities $ 45,860 $ 46,342 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net (3,416) (3,112) Property and equipment, net Property, plant and equipment, net $ 153 $ 457 Liabilities Other current liabilities Accrued expenses and other current liabilities 0 $ 384 Total finance lease liabilities $ 0 $ 384 The components of lease expense were as follows: Consolidated Statements of Operations Line Item Years Ended (in thousands) 2021 2020 Operating lease cost General administrative expenses and $ 11,704 $ 9,804 Finance lease cost: Amortization of right-of-use assets General administrative expenses $ 324 $ 864 Interest on lease liabilities Interest expense, net 2 30 Total finance lease cost $ 326 $ 894 Other information Supplemental cash flow information related to leases is as follows: Years Ended (in thousands) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 11,443 $ 9,306 Finance cash flows for finance leases $ 437 $ 1,160 Operating right-of-use assets obtained in exchange for new lease liabilities Operating leases $ 11,530 $ 20,308 The following is a schedule, by years, of maturities for lease liabilities as of December 31, 2021: (in thousands) Operating Leases 2022 $ 10,887 2023 8,579 2024 6,821 2025 5,861 2026 4,994 Thereafter 16,279 Total lease payments 53,421 Less: Present value discount (7,561) Total lease liabilities $ 45,860 The following table summarizes the Company’s lease terms and discount rates as of December 31, 2021: Years Ended 2021 2020 Weighted-average remaining lease terms (in years): Operating leases 6.88 7.27 Finance leases 0.00 0.42 Weighted-average discount rate: Operating leases 5.22 % 5.29 % Finance leases — % 3.3 %
Leases	LeasesThe Company has operating leases for certain facilities, equipment and automobiles. The existing operating leases expire at various dates through 2026, some of which include options to extend the leases for up to five years. The Company measured the lease liability at the present value of the lease payments to be made over the lease term. The lease payments are discounted using the Company's incremental borrowing rate. The Company measured the right-of-use ("ROU") assets at the amount at which the lease liability is recognized plus initial direct costs incurred or prepayment amounts. The ROU assets are amortized on a straight-line basis over the lease term. The following table provides a summary of leases included on the consolidated balance sheets as of December 31, 2021 and 2020, and consolidated statements of earnings and comprehensive income, and consolidated statements of cash flows for the year ended December 31, 2021 and 2020: Consolidated Balance Sheets Line Item At December 31, 2021 2020 (in thousands) Operating leases Assets Operating leases Operating lease right-of-use assets $ 45,438 $ 45,792 Liabilities Operating-current Accrued expenses and other current liabilities $ 8,769 $ 9,143 Operating-noncurrent Operating lease liabilities 37,091 37,199 Total operating lease liabilities $ 45,860 $ 46,342 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net (3,416) (3,112) Property and equipment, net Property, plant and equipment, net $ 153 $ 457 Liabilities Other current liabilities Accrued expenses and other current liabilities 0 $ 384 Total finance lease liabilities $ 0 $ 384 The components of lease expense were as follows: Consolidated Statements of Operations Line Item Years Ended (in thousands) 2021 2020 Operating lease cost General administrative expenses and $ 11,704 $ 9,804 Finance lease cost: Amortization of right-of-use assets General administrative expenses $ 324 $ 864 Interest on lease liabilities Interest expense, net 2 30 Total finance lease cost $ 326 $ 894 Other information Supplemental cash flow information related to leases is as follows: Years Ended (in thousands) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 11,443 $ 9,306 Finance cash flows for finance leases $ 437 $ 1,160 Operating right-of-use assets obtained in exchange for new lease liabilities Operating leases $ 11,530 $ 20,308 The following is a schedule, by years, of maturities for lease liabilities as of December 31, 2021: (in thousands) Operating Leases 2022 $ 10,887 2023 8,579 2024 6,821 2025 5,861 2026 4,994 Thereafter 16,279 Total lease payments 53,421 Less: Present value discount (7,561) Total lease liabilities $ 45,860 The following table summarizes the Company’s lease terms and discount rates as of December 31, 2021: Years Ended 2021 2020 Weighted-average remaining lease terms (in years): Operating leases 6.88 7.27 Finance leases 0.00 0.42 Weighted-average discount rate: Operating leases 5.22 % 5.29 % Finance leases — % 3.3 %

Accrued Liabilities and Other C

Accrued Liabilities and Other Current Liabilities	12 Months Ended
Accrued Liabilities and Other Current Liabilities	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued Liabilities and Other Current Liabilities	Accrued Liabilities and Other Current Liabilities Accrued liabilities and other current liabilities consisted of the following: December 31, (in thousands) 2021 2020 Labor related liabilities $ 46,821 $ 41,188 Sales incentives & advertising allowances 63,702 42,783 Accrued cash profit sharing and commissions 24,178 15,693 Sales tax payable and other 20,822 16,832 Dividends payable 10,806 9,999 Accrued profit sharing trust contributions 12,289 10,152 Operating lease - current portion 8,769 9,143 $ 187,387 $ 145,790

Debt

Debt	12 Months Ended
Debt	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt	Debt In July 2021, the Company entered into a fourth amendment to the unsecured credit agreement dated July 27, 2012 with Wells Fargo Bank, National Association, and certain other institutional lenders that provides for a $300.0 million unsecured revolving credit facility (“Credit Facility”). The Amendment extends the term of the Credit Agreement from July 23, 2022, to July 12, 2026. The Company is required to pay an annual facility fee of 0.10 to 0.25 percent on the available commitments under the Credit Agreement, regardless of usage, with the applicable fee determined on a quarterly basis based on the Company’s leverage ratio. The fee is included within other expense in the Company's condensed consolidated statement of operations. Amounts borrowed under the Credit Agreement bear interest at an annual rate equal to either, at the Company’s option, (a) the rate for Eurocurrency deposits for the corresponding deposits of U.S. dollars as published by the ICE Benchmark Administration Limited, a United Kingdom company, or a comparable or successor quoting service approved by the Administrative Agent (the “LIBOR Rate”), adjusted for any reserve requirement in effect, plus a spread of from 0.65 to 1.50 percent, as determined on a quarterly basis based on the Company’s leverage ratio, or (b) a base rate, plus a spread of 0.00 to 0.50 percent, as determined on a quarterly basis based on the Company’s leverage ratio. In no event shall the LIBOR Rate be less than 0.50 percent. The base rate is defined in a manner such that it will not be less than the LIBOR Rate. The Company will pay fees for standby letters of credit at an annual rate equal to the LIBOR Rate plus the applicable spread described in the preceding clause (a), and will pay market-based fees for commercial letters of credit. The spread applicable to a particular LIBOR Rate loan or base rate loan depends on the consolidated leverage ratio of the Company and its subsidiaries at the time the loan is made. Loans outstanding under the Credit Agreement may be prepaid at any time without penalty except for LIBOR Rate breakage costs and expenses. As of December 31, 2021, in addition to the Credit Facility, certain of the Company’s domestic subsidiaries are guarantors for a credit agreement between certain of its foreign subsidiaries and institutional lenders. Together, all of its credit facilities provide the Company with a total of $304.4 million in revolving credit lines and an irrevocable standby letter of credit in support of various insurance deductibles. The Company and its subsidiaries are required to comply with various affirmative and negative covenants. The covenants include provisions that would limit the availability of funds as a result of a material adverse change to the Company’s financial position or results of operations. The Company was in compliance with its financial covenants under the loan agreement as of December 31, 2021. The Company incurs interest costs, which include interest, maintenance fees and bank charges. The amount of costs incurred, capitalized, and expensed for the years ended December 31, 2021, 2020 and 2019, consisted of the following: Years Ended December 31, 2021 2020 2019 Interest costs incurred $ 1,424 $ 2,796 $ 2,172 Less: Interest capitalized (574) (512) (144) Interest expense $ 850 $ 2,284 $ 2,028

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Obligations In addition to the debt and lease obligations described elsewhere in the footnotes, the Company has certain purchase obligations in the ordinary course of business. These purchase obligations are primarily related to the acquisition, construction or expansion of facilities and equipment, and minimum purchase quantities of certain raw materials. The Company is not a party to any long-term supply contracts with respect to the purchase of raw materials or finished goods. As of December 31, 2021, these purchase obligations were $125.4 million, of which $85.9 million is payable in 2022 and the remainder over the following three years. Debt interest obligations include annual facility fees on the Company’s primary line-of-credit facility in the amount of $0.9 million at December 31, 2021. Employee Relations As of December 31, 2021, approximately 17% of our employees are represented by labor unions and are covered by collective bargaining agreements in the U.S. The Company has two-facility locations with collective bargaining agreements covering tool and die craftsmen, maintenance workers, and sheet-metal workers. In Stockton, California, two union contracts will expire in September 2023 and June 2023, respectively. Also, the Company has two contracts in San Bernardino County, California that will expire in February 2025 and in June 2022, respectively. Based on current information and subject to future events and circumstances, the Company believes that, even if new agreements are not reached before the existing labor union contracts expire, it is not expected to have a material adverse effect on the Company’s ability to provide products to customers or on the Company’s profitability. Environmental The Company’s policy with regard to environmental liabilities is to accrue for future environmental assessments and remediation costs when information becomes available that indicates that it is probable that the Company is liable for any related claims and assessments and the amount of the liability is reasonably estimable. The Company does not believe that any such matters will have a material adverse effect on the Company’s financial condition, cash flows or results of operations. Litigation and Potential Claims From time to time, the Company is involved in various legal proceedings and other matters arising in the normal course of business. Corrosion, hydrogen embrittlement, cracking, material hardness, wood pressure-treating chemicals, misinstallations, misuse, design and assembly flaws, manufacturing defects, labeling defects, product formula defects, inaccurate chemical mixes, adulteration, environmental conditions, or other factors can contribute to failure of fasteners, connectors, anchors, adhesives, specialty chemicals, such as fiber reinforced polymers, and tool products. In addition, inaccuracies may occur in product information, descriptions and instructions found in catalogs, packaging, data sheets, and the Company’s website. The resolution of any claim or litigation is subject to inherent uncertainty and could have a material adverse effect on the Company’s financial condition, cash flows or results of operations. Gentry Homes, Ltd. v. Simpson Strong-Tie Company Inc., et al. , Case No. 17-cv-00566, was filed in a federal district court in Hawaii against Simpson Strong-Tie Company Inc. and the Company on November 20, 2017. The Gentry Case is a product of a previous state court class action, Nishimura v. Gentry Homes, Ltd., et al. , Civil No. 11-1-1522-07, which is now closed. The Nishimura case concerned alleged corrosion of the Company’s galvanized “hurricane straps” and mudsill anchor products used in a residential project in the Ewa District of Honolulu, Hawaii by Gentry Homes, Ltd. ("Gentry"). In the Gentry Case , Gentry alleges breach of warranty and negligent misrepresentation by the Company related to its “hurricane strap” and mudsill anchor products. The Gentry Case was resolved pursuant to a written settlement agreement ("Settlement") without adjudication or any admission of liability by the Company. The Settlement may not be used as evidence of liability against the party. The case was dismissed with prejudice on January 4, 2022. The Company incurred no uninsured liability to the plaintiff in connection with the Gentry Case , or the Settlement.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes from operations consisted of the following: Years Ended December 31, (in thousands) 2021 2020 2019 Current Federal $ 65,861 $ 42,337 $ 28,314 State 19,515 12,571 7,465 Foreign 7,641 4,478 6,039 Deferred 0 Federal 802 2,330 3,329 State (169) 598 805 Foreign (1,548) 250 (1,577) $ 92,102 $ 62,564 $ 44,375 Income and loss from operations before income taxes for the years ended December 31, 2021, 2020, and 2019, respectively, consisted of the following: Years Ended December 31, (in thousands) 2021 2020 2019 Domestic $ 336,085 $ 238,320 $ 163,257 Foreign 22,464 11,244 15,100 $ 358,549 $ 249,564 $ 178,357 At December 31, 2021, the Company had $41.4 million of pre-tax loss carryforwards in various foreign taxing jurisdictions. All of the tax losses can be carried forward indefinitely. At December 31, 2021, and 2020, the Company has valuation allowances of $12.0 million and $11.3 million, respectively. The valuation allowance increased $0.7 million and decreased $0.3 million for the years ended December 31, 2021, and December 31, 2020, respectively. The increase in the 2021 valuation allowances was primarily the result of an impairment on a foreign equity investment. The decrease in the 2020 valuation allowances was primarily a result of the release of valuation allowance for foreign losses in Simpson Strong-Tie A/S, a subsidiary in Denmark. As of December 31, 2021, the Company asserts that its accumulated undistributed earnings generated by our foreign subsidiaries are permanently reinvested and as such, has not recognized a US deferred tax liability on its investment in foreign subsidiaries. The Company will continue to assess its permanent reinvestment assertion on a quarterly basis. Reconciliations between the statutory federal income tax rates and the Company’s effective income tax rates as a percentage of income before income taxes for its operations were as follows: Years Ended December 31, (in thousands) 2021 2020 2019 Federal tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 4.3 % 4.2 % 3.6 % Change in valuation allowance — % 0.1 % (0.1) % True-up of prior year tax returns to tax provision (0.1) % (0.4) % (0.3) % Difference between U.S. statutory and foreign local tax rates 0.4 % 0.4 % 0.8 % Change in uncertain tax position — % — % 0.1 % Other 0.1 % (0.2) % (0.2) % Effective income tax rate 25.7 % 25.1 % 24.9 % The tax effects of the significant temporary differences that constitute the deferred tax assets and liabilities at December 31, 2021 and 2020, respectively, were as follows: December 31, (in thousands) 2021 2020 Deferred asset taxes State tax $ 1,490 $ 1,076 Workers’ compensation 892 883 Health claims 1,351 1,207 Vacation liability 376 374 Allowance for doubtful accounts 344 384 Inventories 7,497 6,108 Sales incentive and advertising allowances 1,777 1,086 Lease obligations 11,562 11,631 Stock-based compensation 2,612 2,148 Unrealized foreign exchange gain or loss 378 344 Foreign tax credit carryforwards 4,983 4,744 Uncertain tax positions’ unrecognized tax benefits 72 77 Non-United States tax loss carry forward 7,824 7,717 Other 940 — $ 42,098 $ 37,779 Less valuation allowances (11,992) (11,316) Total deferred asset taxes $ 30,106 $ 26,463 Deferred tax liabilities Depreciation $ (14,999) $ (12,933) Goodwill and other intangibles amortization (16,682) (15,642) Tax effect on cumulative translation adjustment (504) (568) Right of use assets (11,453) (11,489) Other — (247) Total deferred tax liabilities (43,638) (40,879) Total Deferred tax asset/(liability) $ (13,532) $ (14,416) A reconciliation of the beginning and ending amounts of unrecognized tax benefits in 2021, 2020 and 2019, respectively, were as follows, including foreign translation amounts: Reconciliation of Unrecognized Tax Benefits 2021 2020 2019 Balance at January 1 $ 1,168 $ 1,706 $ 1,757 Additions based on tax positions related to prior years 9 78 8 Reductions based on tax positions related to prior years (47) (7) (30) Additions for tax positions of the current year 3 48 167 Lapse of statute of limitations (189) (657) (196) Balance at December 31 $ 944 $ 1,168 $ 1,706 Tax positions of $0.3, $0.3, and $0.2 million are included in the balance of unrecognized tax benefits at December 31, 2021, 2020, and 2019, respectively, which if recognized, would reduce the effective tax rate. The Company accrues interest and penalties related to unrecognized tax benefits in income tax expense in accordance with the Company’s historical accounting policy. During the year ended December 31, 2021, 2020 and 2019, accrued interest decreased by $39 thousand and $108 thousand and $20 thousand, respectively. The Company had accrued $0.2 million for fiscal year ended 2021, $0.3 million for fiscal year ended 2020 and $0.4 million for fiscal year ended 2019, for the potential payment of interest before income tax benefits. The Company does not expect any material changes in unrecognized tax benefits within the next 12 months. At December 31, 2021, the Company remained subject to federal income tax examinations in the U.S. for the tax years 2018 through 2021. In addition, tax years 2016 through 2021 remain open to examination in states, local and foreign jurisdictions.

Retirement Plans

Retirement Plans	12 Months Ended
Retirement Plans	Dec. 31, 2021
Retirement Benefits [Abstract]
Retirement Plans	Retirement Plans The Company has six defined contribution retirement plans covering substantially all salaried employees and nonunion hourly employees. The Simpson Manufacturing Co., Inc. 401(k) Profit Sharing Plan (the "Plan") covers U.S. employees and provides for quarterly safe harbor contributions, limited to 3% of the employees' quarterly eligible compensation and for annual discretionary contributions, subject to certain limitations. The discretionary amounts for 2021, 2020 and 2019 were equal to 7% of qualifying salaries or wages of the covered employees. The other five defined contribution plans, covering the Company’s European and Canadian employees, require the Company to make contributions ranging from 3% to 15% of the employees’ compensation. The total cost for these retirement plans for the years ended December 31, 2021, 2020 and 2019, was $20.7 million, $17.7 million, and $16.8 million, respectively. We participate in various multiemployer benefit plans that cover some of our employees who are represented by labor unions . We make periodic contributions to these plans in accordance with the terms of applicable collective bargaining agreements and laws but do not sponsor or administer these plans . We do not participate in any multiemployer benefit plans for which we consider our contributions to be individually significant. If we withdraw from participation in any of these plans, the applicable law would require us to fund our allocable share of the unfunded vested benefits, which is known as a withdrawal liability. As of December 31, 2021, we believe that there was no probable withdrawal liability under the multiemployer benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees. Our total contribution to various industry-wide, union-sponsored pension funds and a statutorily required pension fund for employees in the U.S. and Europe were $5.0 million for the year ended December 31, 2021 and $5.1 million, $4.5 million for the years ended 2020 and 2019, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions During 2021, the Company identified certain purchases of goods and services from companies where the Chief Executive Officer of the Company serves as a director on the respective company's board providing the goods or services. The amount of goods and services purchased by the Company pursuant to these arrangements was not material to the Company’s consolidated statement of income and cash flows for the year ended December 31, 2021.

Segment Information

Segment Information	12 Months Ended
Segment Information	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 Europe Asia/ Administrative 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 amortization 33,950 6,172 1,844 511 42,477 Significant non-cash charges 8,173 1,943 166 7,607 17,889 Provision for income taxes 87,962 3,826 241 73 92,102 Capital expenditures, asset acquisition, and equity 45,817 2,403 603 988 49,811 Total assets 1,352,988 202,631 31,832 (103,326) 1,484,125 (in thousands) North Europe Asia/ Administrative 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 operations 249,252 8,396 308 (5,593) 252,363 Depreciation and amortization 30,218 5,856 1,709 984 38,767 Significant non-cash charges 6,929 1,226 376 4,975 13,506 Provision for income taxes 58,201 3,817 613 (67) 62,564 Capital expenditures, including purchases of 29,937 4,248 705 5,816 40,706 Total assets 1,001,168 198,647 32,754 — 1,232,569 (in thousands) North Europe Asia/ Administrative 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 operations 176,329 6,817 (731) (1,161) 181,254 Depreciation and amortization 30,652 5,457 1,698 595 38,402 Significant non-cash charges 5,273 1,141 211 4,157 10,782 Provision for income taxes 40,452 1,934 577 1,412 44,375 Capital expenditures and business acquisitions, net of 31,695 8,245 236 — 40,176 Total assets 1,269,545 169,785 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: 2021 2020 2019 (in thousands) Net Long-Lived Net Long-Lived Net Long-Lived United States $ 1,287,085 $ 228,623 $ 1,045,509 $ 215,082 $ 921,703 $ 210,349 Canada 70,401 2,861 52,889 3,059 47,948 1,181 United Kingdom 37,408 1,851 24,290 2,073 26,376 1,683 Germany 29,970 9,999 24,069 11,163 22,357 10,529 France 50,445 5,988 40,672 7,095 39,969 7,010 Poland 13,909 2,496 11,648 2,779 11,826 2,770 Sweden 17,003 2,664 15,241 2,986 13,792 1,762 Denmark 13,964 2,281 11,931 2,445 10,761 2,235 Norway 12,736 — 11,138 — 11,238 — Switzerland 5,928 6,784 5,246 8,172 5,600 7,781 Australia 8,120 201 5,749 134 4,939 110 Belgium 6,818 2,349 5,311 2,268 5,605 1,913 The Netherlands 4,834 39 4,526 61 4,019 93 New Zealand 5,160 160 3,593 167 3,606 166 Chile 5,455 31 3,493 49 3,198 28 Other countries 3,981 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) 2021 2020 2019 Wood Construction $ 1,361,113 $ 1,082,877 $ 948,768 Concrete Construction 210,780 184,631 187,462 Other 1,324 437 309 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.

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On January 20, 2022, the Company's Board of Directors declared a cash dividend of $0.25 per share of our common stock, estimated to be $10.8 million in total. The record date for the dividend will be April 7, 2022, and will be paid on April 28, 2022 . Effective January 20, 2022, Mike Olosky, the Company’s Chief Operating Officer ("COO") was promoted to President and COO. Karen Colonias, who previously served as the Company’s President and Chief Executive Officer ("CEO") will continue to serve as CEO. On January 26, 2022, the Company signed a securities purchase agreement to acquire Etanco Group for a purchase price of $818 million (1) (€725 million). The acquisition is expected to close on April 1, 2022. Footnotes (1) Reflects EUR to USD exchange rate based on binding offer agreed upon as of December 22, 2021.

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	Dec. 31, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	SCHEDULE II Simpson Manufacturing Co., Inc. and Subsidiaries VALUATION AND QUALIFYING ACCOUNTS for the years ended December 31, 2021, 2020 and 2019 Additions Charged Charged Balance at to Costs to Other Balance (in thousands) Beginning and Accounts — at End Classification of Year Expenses Write-offs Deductions of Year Year to date December 31, 2021 Allowance for doubtful accounts $ 2,110 $ 392 $ 570 $ — $ 1,932 Allowance for sales discounts 4,566 2,659 — — 7,225 Allowance for deferred tax assets 11,316 1,763 — 1,088 11,991 Year to date December 31, 2020 Allowance for doubtful accounts 1,935 (98) (273) — 2,110 Allowance for sales discounts 4,748 (182) — — 4,566 Allowance for deferred tax assets 11,617 1,166 — 1,467 11,316 Year to date December 31, 2019 Allowance for doubtful accounts 1,364 977 406 — 1,935 Allowance for sales discounts 3,317 1,431 — — 4,748 Allowance for deferred tax assets 13,254 1,423 — 3,060 11,617

Operations and Summary of Sig_2

Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Simpson Manufacturing Co., Inc. and its subsidiaries. Investments in 50% or less owned entities are accounted for using either cost or the equity method. All significant intercompany transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management believes that these consolidated financial statements include all normal and recurring adjustments necessary for a fair presentation under GAAP. The Company assessed certain accounting matters that require the use of estimates and assumptions in context with the known and projected future impacts of COVID-19. The Company's actual results could differ materially from those estimates.
Cash Equivalents	Cash Equivalents The Company classifies investments that are highly liquid and have maturities of three months or less at the date of purchase as cash equivalents. As of December 31, 2021 and 2020, the value of these investments were $26.4 million and $45.4 million, respectively, consisting of U.S. Treasury securities and money market funds. The value of the investments is based on cost, which approximates fair value based on Level 1 inputs.
Allowance For Doubtful Accounts	Current Estimated Credit Loss - Allowance for doubtful accounts The Company maintains an allowance for doubtful accounts receivable for estimated future expected credit losses resulting from customers' failure to make payments on its accounts receivable. The Company determines the estimate of the allowance for doubtful accounts receivable by considering several factors, including (1) specific information on the financial condition and the current creditworthiness of customers, (2) credit rating, (3) payment history and historical experience, (4) aging of the accounts receivable, and (5) reasonable and supportable forecasts about collectability. The Company also reserves 100% of the amounts deemed uncollectible due to a customer's deteriorating financial condition or bankruptcy. Every quarter, the Company evaluates the customer group using the accounts receivable aging report and its best judgment when considering changes in customers' credit ratings, level of delinquency, customers' historical payments and loss experience, current market and economic conditions, and expectations of future market and economic conditions. The changes in the allowance for doubtful accounts receivable for the year ended December 31, 2021 are outlined in the table below: Balance Balance (in thousands) December 31, 2020 Expense (Deductions), net Write-Offs 1 December 31, 2021 Allowance for Doubtful Accounts $ 2,110 $ 393 $ 570 $ 1,933 1 Amount is net of recoveries and the effect of foreign currency fluctuations for the year ended December 31, 2021
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash in banks, short-term investments in money market funds and trade accounts receivable. The Company maintains its cash in demand deposit and money market accounts held in 17 banks, and at times these cash and investments may be in excess of amounts insured by the Federal Deposit Insurance Corporation (FDIC). However, we have not experienced any losses on these accounts.
Inventory Valuation	Inventory Valuation Inventories are stated at the lower of cost or net realizable value. Cost includes all costs incurred in bringing each product to its present location and condition, as follows: • Raw materials and purchased finished goods for resale — principally valued at a cost determined on a weighted average basis; and • In-process products and finished goods — the cost of direct materials and labor plus attributable overhead based on a normal level of activity. The Company applies net realizable value and makes estimates for obsolescence to the gross value of the inventory. Estimated net realizable value is based on estimated selling price less further costs to completion and disposal. The Company impairs slow-moving products by comparing inventories on hand to projected demand. If the on-hand supply of a product exceeds projected demand or if the Company believes the product is no longer marketable, the product is considered obsolete inventory. The Company revalues obsolete inventory to its net realizable value and has consistently applied this methodology. When impairments are established, a new cost basis of the inventory is created. An unexpected change in market demand, building codes or buyer preferences could reduce the rate of inventory turnover and require the recognition of more obsolete inventory.
Warranties and Recalls	Warranties and recalls
Equity Investments	Equity Investments The Company accounts for investments and ownership interests under equity method accounting when it has the ability to exercise significant influence, but does not have a controlling financial interest. The Company records its interest in the net earnings of its equity method investees, along with adjustments for unrealized profits or losses within earnings or loss from equity interests in the consolidated statements of operations. The investment is reviewed for impairment whenever factors indicate that its carrying amount might not be recoverable and the decrease in value, if any, is recognized in the period the impairment occurs in the consolidated statement of operations.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or a liability. Assets and liabilities recorded at fair value are measured and classified under a three-tier fair valuation hierarchy based on the observability of the inputs available in the market: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument; and Level 3 inputs are unobservable inputs based on the Company’s assumptions used to measure assets and liabilities at fair value. The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The carrying amounts of trade accounts receivable, accounts payable, accrued liabilities and other current liabilities approximate fair value due to the short-term nature of these instruments. The fair value of the Company’s contingent consideration related to acquisitions and equity investment are classified as Level 3 within the fair value hierarchy as it is based on unobserved inputs such as management estimates and entity-specific assumptions and is evaluated on an ongoing basis. The fair value of foreign currency forward contracts, calculated based on Level 1 inputs, was not material as of December 31, 2021. Derivative Instruments - Foreign Currency Contracts The Company uses derivative instruments as a risk management tool to mitigate the potential impact of certain market risks. Foreign currency exchange rate risk is the primary market risk the Company manages through the use of derivative instruments, which are accounted for as cash flow hedges under the accounting standards and carried at fair value as other current assets or other current liabilities in the consolidated balance sheets. Net deferred gains and losses related to changes in fair value are included in accumulated other comprehensive loss, a component of shareholders' equity in the consolidated balance sheets, and are reclassified into the line item in the consolidated statement of income in which the hedged items are recorded in the same period the hedged item affects earnings. Changes in fair value of any derivatives that are determined to be ineffective are immediately reclassified from other comprehensive income into earnings. The cash flow impact of the Company's derivative instruments is primarily included in the consolidated statement of cash flows in net cash provided by operating activities. Refer to Note 8.
Property, Plant and Equipment including Depreciation and Amortization	Property, Plant and Equipment Property, plant and equipment are carried at cost. Major renewals and betterments are capitalized while maintenance and repairs are expensed as incurred. When assets are sold or retired, their costs and accumulated depreciation are removed from the accounts, and the resulting gains or losses are reflected in the consolidated statements of operations. The “Intangibles—Goodwill and Other” topic of the FASB ASC provides guidance on capitalization of the costs incurred for computer software developed or obtained for internal use. The Company capitalizes qualified external costs and internal costs related to the purchase and implementation of software projects used for business operations and engineering design activities. Capitalized software costs primarily include purchased software, internal costs and external consulting fees. Capitalized software projects are amortized over the estimated useful lives of the software. Depreciation and Amortization Software, including amounts capitalized for internally developed software is amortized on a straight-line basis over an estimated useful life of three three
Common Stock and Preferred Stock	Preferred Stock The Company’s Board of Directors has the authority to issue authorized and unissued preferred stock in one or more series with such designations, rights and preferences as may be determined from time to time by the Board of Directors. Accordingly, the Board of Directors is empowered, without stockholder approval, to issue preferred stock with dividend, redemption, liquidation, conversion, voting or other rights that could adversely affect the voting power or other rights of the holders of the Company’s common stock. Common Stock Subject to the rights of holders of any preferred stock that may be issued in the future, holders of common stock are entitled to receive dividends, if any, as may be declared from time to time by the Board of Directors out of legally available funds, and in the event of liquidation, dissolution or winding-up of the Company, to share ratably in all assets available for distribution. The holders of common stock have no preemptive or conversion rights. Subject to the rights of any preferred stock that may be issued in the future, the holders of common stock are entitled to one vote per share on any matter submitted to a vote of the stockholders. A director in an uncontested election is elected if the votes cast “for” such director’s election exceed the votes cast “against” such director’s election, except that, if a stockholder properly nominates a candidate for election to the Board of Directors, the candidates with the highest number of affirmative votes (up to the number of directors to be elected) are elected. There are no redemption or sinking fund provisions applicable to common stock.
Comprehensive Income or Loss	Comprehensive Income or Loss
Foreign Currency Translation	Foreign Currency Translation
Revenue Recognition	Revenue Recognition Generally, the Company's revenue contract with a customer exists when (1) the goods are shipped, services are rendered, and the related invoice is generated, (2) the duration of the contract does not extend beyond the promised goods or services already transferred and (3) the transaction price of each distinct promised product or service specified in the invoice is based on its relative stated standalone selling price. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product to a customer at a point in time. Our shipping terms provide the primary indicator of the transfer of control. The Company's general shipping terms are Incoterm C.P.T. (F.O.B. shipping point), where the title, and risk and rewards of ownership transfer at the point when the products are no longer on the Company's premises. Other Incoterms are allowed as exceptions depending on the product or service being sold and the nature of the sale. The Company recognizes revenue based on the consideration specified in the invoice with a customer, excluding any sales incentives, discounts, and amounts collected on behalf of third parties (i.e., governmental tax authorities). Based on historical experience with the customer, the customer's purchasing pattern, and its significant experience selling products, the Company concluded that a significant reversal in the cumulative amount of revenue recognized would not occur when the uncertainty (if any) is resolved (that is, when the total amount of purchases is known). Refer to Note 2 for additional information.
Sales Taxes	The Company presents taxes collected and remitted to governmental authorities on a net basis in the consolidated statements of operations.
Cost of Sales	Cost of Sales Cost of sales includes material, labor, factory and tooling overhead, shipping, and freight costs. Major components of these expenses are steel and other materials, packaging and cartons, personnel costs, and facility costs, such as rent, depreciation and utilities, related to the production and distribution of the Company’s products. Inbound freight charges, purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs, and other costs of the Company’s distribution network are also included in cost of sales.
Tool and Die Costs	Tool and Die Costs Tool and die costs are included in product costs in the year incurred.
Product and Software Research and Development Costs	Product and Software Research and Development Costs Product research and development costs, which are included in operating expenses and are charged against income as incurred, were $12.3 million, $10.1 million and $10.9 million in 2021, 2020 and 2019, respectively. Product research and development expenses include all related personnel costs including salary, benefits, retirement, stock-based compensation costs, as well as computer and software costs, professional fees, supplies, tools and maintenance costs. In 2021, 2020 and 2019, the Company incurred software development expenses related to its ongoing expansion into the plated truss market and some of the software development costs were capitalized. See "Note 8 — Property, Plant and Equipment." The Company amortizes acquired patents over their remaining lives and performs periodic reviews for impairment. The cost of internally developed patents is expensed as incurred.
Selling Costs, General and Administrative Costs	Selling Costs Selling costs include expenses associated with selling, merchandising and marketing the Company’s products. Major components of these expenses are personnel, sales commissions, facility costs such as rent, depreciation and utilities, professional services, information technology costs, sales promotion, advertising, literature and trade shows. General and Administrative Costs General and administrative costs include personnel, information technology related costs, facility costs such as rent, depreciation and utilities, professional services, amortization of intangibles and bad debt charges.
Advertising Costs	Advertising Costs Advertising costs are included in selling expenses and were $8.4 million, $8.2 million and $8.2 million in 2021, 2020, and 2019, respectively.
Accounting for Stock-Based Compensation	Accounting for Stock-Based Compensation The Company recognizes stock-based compensation expense related to the estimated fair value of restricted stock awards on a straight-line basis, net of estimated forfeitures, over the requisite service period of the awards, which is generally the vesting term of four years. Stock-based expense related to performance share grants are measured based on grant date fair value and expensed on a graded basis over the service period of the awards, which is generally a performance period of three years. The performance conditions are based on the Company's achievement of revenue growth and return on invested capital over the performance period, and are evaluated for the probability of vesting at the end of each reporting period with changes in
Income Taxes	Income Taxes
Net Income per Common Share	Net Income per Share Basic net income per common share is computed based on the weighted average number of common shares outstanding. Potentially dilutive shares are included in the diluted per-share calculations using the treasury stock method for all periods when the effect of their inclusion is dilutive.
Adoption of Statements of Financial Accounting Standards	All other newly issued and effective accounting standards during 2021 were determined to be not relevant or material to the Company.

Operations and Summary of Sig_3

Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts Receivable, Allowance for Credit Loss	The changes in the allowance for doubtful accounts receivable for the year ended December 31, 2021 are outlined in the table below: Balance Balance (in thousands) December 31, 2020 Expense (Deductions), net Write-Offs 1 December 31, 2021 Allowance for Doubtful Accounts $ 2,110 $ 393 $ 570 $ 1,933 1 Amount is net of recoveries and the effect of foreign currency fluctuations for the year ended December 31, 2021

Net Income per Share (Tables)

Net Income per Share (Tables)	12 Months Ended
Net Income per Share (Tables)	Dec. 31, 2021
Earnings Per Share [Abstract]
Reconciliation of basic earnings per share (EPS) to diluted EPS	The following shows a reconciliation of basic earnings per share (“EPS”) to diluted EPS: For the Year Ended December 31, (in thousands, except per-share amounts) 2021 2020 2019 Net income available to common stockholders $ 266,447 $ 187,000 $ 133,982 Basic weighted average shares outstanding 43,325 43,709 44,735 Dilutive effect of potential common stock equivalents 207 132 186 Diluted weighted average shares outstanding 43,532 43,841 44,921 Net earnings per share: Basic $ 6.15 $ 4.28 $ 3.00 Diluted $ 6.12 $ 4.27 $ 2.98

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
Stockholders' Equity (Tables)	Dec. 31, 2021
Equity [Abstract]
Schedule of components of accumulated other comprehensive income	The following shows the components of accumulated other comprehensive income or loss as of December 31, 2021, 2020, and 2019 respectively: Foreign Currency Translation Pension Benefit Cash Flow Hedge Total (in thousands) Balance at January 1, 2019 $ (22,965) $ (1,685) $ — $ (24,650) Other comprehensive gain/(loss), net of tax effect 885 (1,064) — (179) Balance at December 31, 2019 (22,080) (2,749) — (24,829) Other comprehensive gain/(loss), net of tax effect 14,172 (161) 390 14,401 Balance at December 31, 2020 (7,908) (2,910) 390 (10,428) Other comprehensive gain/(loss), net of tax effect (7,313) 404 (268) (7,177) Balance at December 31, 2021 $ (15,221) $ (2,506) $ 122 $ (17,605)

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
Stock-Based Compensation (Tables)	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Company's stock-based compensation activity	The following table shows the Company’s stock-based compensation activity: Fiscal Years Ended December 31, (in thousands) 2021 2020 2019 Stock-based compensation expense recognized $ 15,036 $ 11,384 $ 9,480 Tax benefit of stock-based compensation expense in provision for income taxes 3,787 2,859 2,330 Stock-based compensation expense, net of tax $ 11,249 $ 8,525 $ 7,150 Fair value of shares vested $ 15,701 $ 21,921 $ 16,760
Schedule of unvested restricted stock unit activity	The following table summarizes the Company’s unvested restricted stock unit activity for the year ended December 31, 2021: Shares Weighted- Aggregate Unvested Restricted Stock Units (RSUs) Outstanding at January 1, 2021 351 $ 66.13 $ 33,188 Awarded 168 93.26 Vested (162) 60.30 Forfeited (13) 81.50 Outstanding at December 31, 2021 344 $ 81.33 $ 47,721 Outstanding and expected to vest at December 31, 2021 474 $ 78.45 $ 65,984 * The intrinsic value for outstanding and expected to vest is calculated using the closing price per share of $139.07, as reported by the New York Stock Exchange on December 31, 2021.
Share-based Payment Arrangement, Outstanding Award, Activity, Excluding Option	The Company awarded shares for service through 2021, 2020, and 2019 as shown below: December 31, 2021 2020 2019 Shares issued 6,900 7,400 4,000 Shares settled with cash (foreign employees) 6,500 5,200 3,000 Total award 13,400 12,600 7,000

Trade Accounts Receivable, net

Trade Accounts Receivable, net (Tables)	12 Months Ended
Trade Accounts Receivable, net (Tables)	Dec. 31, 2021
Receivables [Abstract]
Schedule of trade accounts receivable, net	Trade accounts receivable consisted of the following: December 31, (in thousands) 2021 2020 Trade accounts receivable $ 237,312 $ 170,001 Allowance for doubtful accounts (1,932) (2,110) Allowance for sales discounts (4,359) (2,763) $ 231,021 $ 165,128

Inventories (Tables)

Inventories (Tables)	12 Months Ended
Inventories (Tables)	Dec. 31, 2021
Inventory Disclosure [Abstract]
Schedule of components of inventories	The components of inventories are as follows: December 31, (in thousands) 2021 2020 Raw materials $ 191,174 $ 95,777 In-process products 30,309 21,803 Finished products 222,273 166,162 $ 443,756 $ 283,742

Property, Plant and Equipment_2

Property, Plant and Equipment, net (Tables)	12 Months Ended
Property, Plant and Equipment, net (Tables)	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment consisted of the following: December 31, (in thousands) 2021 2020 Land $ 28,175 $ 28,553 Buildings and site improvements 202,393 203,421 Leasehold improvements 5,995 7,091 Machinery and equipment 399,079 372,923 635,642 611,988 Less accumulated depreciation and amortization (402,246) (377,460) 233,396 234,528 Capital projects in progress 26,473 20,656 $ 259,869 $ 255,184

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
Goodwill and Intangible Assets (Tables)	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill, by segment	The annual changes in the carrying amount of goodwill, by segment, as of December 31, 2020 and 2021, were as follows, respectively: (in thousands) North Europe Asia Total Balance as of January 1, 2020 $ 96,244 $ 34,300 $ 1,335 $ 131,879 Goodwill acquired — 106 — 106 Foreign exchange 67 3,661 139 3,867 Reclassifications — (8) — (8) Balance as of December 31, 2020 96,311 38,059 1,474 135,844 Foreign exchange (4) (1,622) (90) (1,716) Reclassifications — (106) — (106) Balance as of December 31, 2021 $ 96,307 $ 36,331 $ 1,384 $ 134,022
Schedule of changes in the carrying amounts of finite-lived intangible assets subject to amortization		The annual changes in the carrying amounts of patents, unpatented technologies, customer relationships and non-compete agreements and other intangible assets subject to amortization for the years ended December 31, 2021 and 2020 were as follows: (in thousands) Gross Accumulated Net Patents Balance at January 1, 2020 $ 4,659 $ (561) $ 4,098 Purchases 40 — 40 Amortization — (373) (373) Balance at December 31, 2020 4,699 (934) 3,765 Purchases 6,074 — 6,074 Amortization — (428) (428) Balance at December 31, 2021 $ 10,773 $ (1,362) $ 9,411 (in thousands) Gross Accumulated Net Unpatented Technology Balance at January 1, 2020 $ 21,616 $ (14,361) $ 7,255 Amortization — (2,131) (2,131) Foreign exchange 488 — 488 Balance at December 31, 2020 22,104 (16,492) 5,612 Amortization — (2,174) (2,174) Reclassifications 348 — 348 Foreign exchange (49) — (49) Balance at December 31, 2021 $ 22,403 $ (18,666) $ 3,737 (in thousands) Gross Accumulated Net Non-Compete Agreements, Balance at January 1, 2020 $ 14,703 $ (5,529) $ 9,174 Purchases 6,700 6,700 Amortization — (2,195) (2,195) Foreign exchange 179 — 179 Balance at December 31, 2020 21,582 (7,724) 13,858 Amortization — (2,631) (2,631) Foreign exchange (148) — (148) Balance at December 31, 2021 $ 21,434 $ (10,355) $ 11,079 (in thousands) Gross Accumulated Net Customer Relationships Balance at January 1, 2020 $ 17,660 $ (13,732) $ 3,928 Acquisition 290 — 290 Amortization — (1,443) (1,443) Foreign exchange 173 — 173 Balance at December 31, 2020 18,123 (15,175) 2,948 Disposal (217) — (217) Amortization — (1,186) (1,186) Foreign exchange (117) — (117) Balance at December 31, 2021 $ 17,789 $ (16,361) $ 1,428
Schedule of estimated future amortization of intangible assets	December 31, 2021, estimated future amortization of intangible assets was as follows: (in thousands) 2022 $ 4,767 2023 3,807 2024 2,859 2025 2,612 2026 1,884 Thereafter 9,724 $ 25,653
Schedule of finite-lived intangible assets	Definite-lived and indefinite-lived assets, net, by segment as of December 31, 2021 and 2020 were as follows: December 31, 2020 Gross Accumulated Net (in thousands) Total Intangible Assets North America $ 40,786 $ (22,697) $ 18,089 Europe 26,341 (17,630) 8,711 Total $ 67,127 $ (40,327) $ 26,800 At December 31, 2021 Gross Accumulated Net (in thousands) Total Intangible Assets North America $ 46,643 $ (26,346) $ 20,297 Europe 26,371 (20,399) 5,972 Total $ 73,014 $ (46,745) $ 26,269

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2021
Leases [Abstract]
Lease, Cost	LeasesThe Company has operating leases for certain facilities, equipment and automobiles. The existing operating leases expire at various dates through 2026, some of which include options to extend the leases for up to five years. The Company measured the lease liability at the present value of the lease payments to be made over the lease term. The lease payments are discounted using the Company's incremental borrowing rate. The Company measured the right-of-use ("ROU") assets at the amount at which the lease liability is recognized plus initial direct costs incurred or prepayment amounts. The ROU assets are amortized on a straight-line basis over the lease term. The following table provides a summary of leases included on the consolidated balance sheets as of December 31, 2021 and 2020, and consolidated statements of earnings and comprehensive income, and consolidated statements of cash flows for the year ended December 31, 2021 and 2020: Consolidated Balance Sheets Line Item At December 31, 2021 2020 (in thousands) Operating leases Assets Operating leases Operating lease right-of-use assets $ 45,438 $ 45,792 Liabilities Operating-current Accrued expenses and other current liabilities $ 8,769 $ 9,143 Operating-noncurrent Operating lease liabilities 37,091 37,199 Total operating lease liabilities $ 45,860 $ 46,342 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net (3,416) (3,112) Property and equipment, net Property, plant and equipment, net $ 153 $ 457 Liabilities Other current liabilities Accrued expenses and other current liabilities 0 $ 384 Total finance lease liabilities $ 0 $ 384 The components of lease expense were as follows: Consolidated Statements of Operations Line Item Years Ended (in thousands) 2021 2020 Operating lease cost General administrative expenses and $ 11,704 $ 9,804 Finance lease cost: Amortization of right-of-use assets General administrative expenses $ 324 $ 864 Interest on lease liabilities Interest expense, net 2 30 Total finance lease cost $ 326 $ 894 Supplemental cash flow information related to leases is as follows: Years Ended (in thousands) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 11,443 $ 9,306 Finance cash flows for finance leases $ 437 $ 1,160 Operating right-of-use assets obtained in exchange for new lease liabilities Operating leases $ 11,530 $ 20,308 The following table summarizes the Company’s lease terms and discount rates as of December 31, 2021: Years Ended 2021 2020 Weighted-average remaining lease terms (in years): Operating leases 6.88 7.27 Finance leases 0.00 0.42 Weighted-average discount rate: Operating leases 5.22 % 5.29 % Finance leases — % 3.3 %
Finance Lease, Liability, Maturity	following is a schedule, by years, of maturities for lease liabilities as of December 31, 2021: (in thousands) Operating Leases 2022 $ 10,887 2023 8,579 2024 6,821 2025 5,861 2026 4,994 Thereafter 16,279 Total lease payments 53,421 Less: Present value discount (7,561) Total lease liabilities $ 45,860
Lessee, Operating Lease, Liability, Maturity	following is a schedule, by years, of maturities for lease liabilities as of December 31, 2021: (in thousands) Operating Leases 2022 $ 10,887 2023 8,579 2024 6,821 2025 5,861 2026 4,994 Thereafter 16,279 Total lease payments 53,421 Less: Present value discount (7,561) Total lease liabilities $ 45,860

Accrued Liabilities and Other_2

Accrued Liabilities and Other Current Liabilities (Tables)	12 Months Ended
Accrued Liabilities and Other Current Liabilities (Tables)	Dec. 31, 2021
Payables and Accruals [Abstract]
Schedule of accrued liabilities	Accrued liabilities and other current liabilities consisted of the following: December 31, (in thousands) 2021 2020 Labor related liabilities $ 46,821 $ 41,188 Sales incentives & advertising allowances 63,702 42,783 Accrued cash profit sharing and commissions 24,178 15,693 Sales tax payable and other 20,822 16,832 Dividends payable 10,806 9,999 Accrued profit sharing trust contributions 12,289 10,152 Operating lease - current portion 8,769 9,143 $ 187,387 $ 145,790

Debt (Tables)

Debt (Tables)	12 Months Ended
Debt (Tables)	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Interest Expense	The Company incurs interest costs, which include interest, maintenance fees and bank charges. The amount of costs incurred, capitalized, and expensed for the years ended December 31, 2021, 2020 and 2019, consisted of the following: Years Ended December 31, 2021 2020 2019 Interest costs incurred $ 1,424 $ 2,796 $ 2,172 Less: Interest capitalized (574) (512) (144) Interest expense $ 850 $ 2,284 $ 2,028

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes from operations	The provision for income taxes from operations consisted of the following: Years Ended December 31, (in thousands) 2021 2020 2019 Current Federal $ 65,861 $ 42,337 $ 28,314 State 19,515 12,571 7,465 Foreign 7,641 4,478 6,039 Deferred 0 Federal 802 2,330 3,329 State (169) 598 805 Foreign (1,548) 250 (1,577) $ 92,102 $ 62,564 $ 44,375
Schedule of income and loss from operations before income taxes	Income and loss from operations before income taxes for the years ended December 31, 2021, 2020, and 2019, respectively, consisted of the following: Years Ended December 31, (in thousands) 2021 2020 2019 Domestic $ 336,085 $ 238,320 $ 163,257 Foreign 22,464 11,244 15,100 $ 358,549 $ 249,564 $ 178,357
Schedule of effective income tax rates reconciliations	Reconciliations between the statutory federal income tax rates and the Company’s effective income tax rates as a percentage of income before income taxes for its operations were as follows: Years Ended December 31, (in thousands) 2021 2020 2019 Federal tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 4.3 % 4.2 % 3.6 % Change in valuation allowance — % 0.1 % (0.1) % True-up of prior year tax returns to tax provision (0.1) % (0.4) % (0.3) % Difference between U.S. statutory and foreign local tax rates 0.4 % 0.4 % 0.8 % Change in uncertain tax position — % — % 0.1 % Other 0.1 % (0.2) % (0.2) % Effective income tax rate 25.7 % 25.1 % 24.9 %
Schedule of deferred tax assets and liabilities	The tax effects of the significant temporary differences that constitute the deferred tax assets and liabilities at December 31, 2021 and 2020, respectively, were as follows: December 31, (in thousands) 2021 2020 Deferred asset taxes State tax $ 1,490 $ 1,076 Workers’ compensation 892 883 Health claims 1,351 1,207 Vacation liability 376 374 Allowance for doubtful accounts 344 384 Inventories 7,497 6,108 Sales incentive and advertising allowances 1,777 1,086 Lease obligations 11,562 11,631 Stock-based compensation 2,612 2,148 Unrealized foreign exchange gain or loss 378 344 Foreign tax credit carryforwards 4,983 4,744 Uncertain tax positions’ unrecognized tax benefits 72 77 Non-United States tax loss carry forward 7,824 7,717 Other 940 — $ 42,098 $ 37,779 Less valuation allowances (11,992) (11,316) Total deferred asset taxes $ 30,106 $ 26,463 Deferred tax liabilities Depreciation $ (14,999) $ (12,933) Goodwill and other intangibles amortization (16,682) (15,642) Tax effect on cumulative translation adjustment (504) (568) Right of use assets (11,453) (11,489) Other — (247) Total deferred tax liabilities (43,638) (40,879) Total Deferred tax asset/(liability) $ (13,532) $ (14,416)
Schedule of reconciliation of unrecognized tax benefits, including foreign translation amount	A reconciliation of the beginning and ending amounts of unrecognized tax benefits in 2021, 2020 and 2019, respectively, were as follows, including foreign translation amounts: Reconciliation of Unrecognized Tax Benefits 2021 2020 2019 Balance at January 1 $ 1,168 $ 1,706 $ 1,757 Additions based on tax positions related to prior years 9 78 8 Reductions based on tax positions related to prior years (47) (7) (30) Additions for tax positions of the current year 3 48 167 Lapse of statute of limitations (189) (657) (196) Balance at December 31 $ 944 $ 1,168 $ 1,706

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
Segment Information (Tables)	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of performance of reportable segments	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 Europe Asia/ Administrative 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 amortization 33,950 6,172 1,844 511 42,477 Significant non-cash charges 8,173 1,943 166 7,607 17,889 Provision for income taxes 87,962 3,826 241 73 92,102 Capital expenditures, asset acquisition, and equity 45,817 2,403 603 988 49,811 Total assets 1,352,988 202,631 31,832 (103,326) 1,484,125 (in thousands) North Europe Asia/ Administrative 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 operations 249,252 8,396 308 (5,593) 252,363 Depreciation and amortization 30,218 5,856 1,709 984 38,767 Significant non-cash charges 6,929 1,226 376 4,975 13,506 Provision for income taxes 58,201 3,817 613 (67) 62,564 Capital expenditures, including purchases of 29,937 4,248 705 5,816 40,706 Total assets 1,001,168 198,647 32,754 — 1,232,569 (in thousands) North Europe Asia/ Administrative 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 operations 176,329 6,817 (731) (1,161) 181,254 Depreciation and amortization 30,652 5,457 1,698 595 38,402 Significant non-cash charges 5,273 1,141 211 4,157 10,782 Provision for income taxes 40,452 1,934 577 1,412 44,375 Capital expenditures and business acquisitions, net of 31,695 8,245 236 — 40,176 Total assets 1,269,545 169,785 30,055 (374,019) 1,095,366 * Sales to other segments are eliminated in consolidation.
Schedule of net sales and long-lived assets by geographical segments	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: 2021 2020 2019 (in thousands) Net Long-Lived Net Long-Lived Net Long-Lived United States $ 1,287,085 $ 228,623 $ 1,045,509 $ 215,082 $ 921,703 $ 210,349 Canada 70,401 2,861 52,889 3,059 47,948 1,181 United Kingdom 37,408 1,851 24,290 2,073 26,376 1,683 Germany 29,970 9,999 24,069 11,163 22,357 10,529 France 50,445 5,988 40,672 7,095 39,969 7,010 Poland 13,909 2,496 11,648 2,779 11,826 2,770 Sweden 17,003 2,664 15,241 2,986 13,792 1,762 Denmark 13,964 2,281 11,931 2,445 10,761 2,235 Norway 12,736 — 11,138 — 11,238 — Switzerland 5,928 6,784 5,246 8,172 5,600 7,781 Australia 8,120 201 5,749 134 4,939 110 Belgium 6,818 2,349 5,311 2,268 5,605 1,913 The Netherlands 4,834 39 4,526 61 4,019 93 New Zealand 5,160 160 3,593 167 3,606 166 Chile 5,455 31 3,493 49 3,198 28 Other countries 3,981 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
Schedule of distribution of the Company's net sales by product group	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) 2021 2020 2019 Wood Construction $ 1,361,113 $ 1,082,877 $ 948,768 Concrete Construction 210,780 184,631 187,462 Other 1,324 437 309 Total $ 1,573,217 $ 1,267,945 $ 1,136,539

Operations and Summary of Sig_4

Operations and Summary of Significant Accounting Policies - PP&E and Other Misc Disclosures (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)bank	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Property, Plant and Equipment [Line Items]
High end of the range of the required percentage voting interest held to account for investments with the equity method of accounting	50.00%
Allowance for Doubtful Accounts
Number of banks where demand deposit or money market accounts are held by the company \| bank	17
Fair Value of Financial Instruments
United States Treasury securities and money market funds included in cash equivalents	$ 26,400	$ 45,400
Contingent Consideration for acquisition	$ 0	$ 547	$ 0
Minimum \| Machinery and equipment
Depreciation and Amortization
Estimated useful life	3 years
Minimum \| Buildings and site improvements
Depreciation and Amortization
Estimated useful life	15 years
Minimum \| Software development
Depreciation and Amortization
Estimated useful life	3 years
Maximum \| Machinery and equipment
Depreciation and Amortization
Estimated useful life	10 years
Maximum \| Buildings and site improvements
Depreciation and Amortization
Estimated useful life	45 years
Maximum \| Software development
Depreciation and Amortization
Estimated useful life	5 years

Operations and Summary of Sig_5

Operations and Summary of Significant Accounting Policies - CECL Rollforward (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Accounting Policies [Abstract]
Percentage of uncollectible accounts receivable	100.00%
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 2,110
Accounts Receivable, Allowance for Credit Loss, Writeoff	570
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	393
Ending balance	$ 1,933

Operations and Summary of Sig_6

Operations and Summary of Significant Accounting Policies - Research and Development and Advertisting Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Product and Software Research and Development Costs
Product Research and Development Costs	$ 12.3	$ 10.1	$ 10.9
Selling Costs
Advertising expenses	$ 8.4	$ 8.2	$ 8.2

Operations and Summary of Sig_7

Operations and Summary of Significant Accounting Policies - Stock Based Compensation (Details)	12 Months Ended
	Dec. 31, 2021
Accounting for Stock-Based Compensation
Requisite service period for options to vest	3 years
Vesting period	4 years

Operations and Summary of Sig_8

Operations and Summary of Significant Accounting Policies - Recently Adopted Accounting Standards (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncement, Early Adoption [Line Items]
Retained earnings	$ 906,841	$ 720,441
Operating lease right-of-use assets	45,438	45,792
Operating Lease, Liability	$ 45,860	$ 46,342

Operations and Summary of Sig_9

Operations and Summary of Significant Accounting Policies - Accounting Standards Not Yet Adopted (Details) $ in Millions	Dec. 31, 2021USD ($)
Accounting Policies [Abstract]
Credit facility, remaining borrowing capacity	$ 300

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Retained earnings	$ 906,841	$ 720,441
ASC 606 \| Wood construction products
Disaggregation of Revenue [Line Items]
Percentage of net sales	87.00%	85.00%	84.00%
ASC 606 \| Concrete construction products
Disaggregation of Revenue [Line Items]
Percentage of net sales	13.00%	15.00%	16.00%
ASC 606 \| Other
Disaggregation of Revenue [Line Items]
Percentage of net sales	0.10%

Net Income per Share - Shares a

Net Income per Share - Shares and EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of basic earnings per share ("EPS") to diluted EPS
Net income	$ 266,447	$ 187,000	$ 133,982
Basic weighted-average shares outstanding	43,325	43,709	44,735
Dilutive effect of potential common stock equivalents - stock options (in shares)	207	132	186
Diluted weighted-average shares outstanding	43,532	43,841	44,921
Net earnings per share:
Earnings Per Share, Basic	$ 6.15	$ 4.28	$ 3
Earnings Per Share, Diluted	$ 6.12	$ 4.27	$ 2.98

Stockholders' Equity - Stock Re

Stockholders' Equity - Stock Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 09, 2019	Dec. 01, 2018
Accelerated Share Repurchases [Line Items]
Treasury Stock, Shares	373,034,000
Stock Repurchased During Period, Shares	222,060,000
Stock repurchase, average cost per share (in USD per share)	$ 108.64
Treasury Stock, Value, Acquired, Par Value Method	$ 24.1
2018 Stock Repurchase Program [Member] [Member]
Accelerated Share Repurchases [Line Items]
Common stock repurchase, authorized amount	$ 75.9		$ 100
2019 Stock Repurchase Program [Member]
Accelerated Share Repurchases [Line Items]
Common stock repurchase, authorized amount		$ 100

Stockholders' Equity - Comprehe

Stockholders' Equity - Comprehensive Income (Loss) - (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax	$ (7,177)	$ 14,401	$ (179)
Accumulated other comprehensive loss	(17,605)	(10,428)	(24,829)	$ (24,650)
Cash flow hedge adjustment, net of tax	(268)	390	0
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax	(7,313)	14,172	885
Accumulated other comprehensive loss	(15,221)	(7,908)	(22,080)	(22,965)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax	404	(161)	(1,064)	(1,685)
Accumulated other comprehensive loss	(2,506)	(2,910)	(2,749)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax		390	0
Accumulated other comprehensive loss	122	$ (390)	$ 0	$ 0
Cash flow hedge adjustment, net of tax	$ (268)

Stock-Based Compensation (Detai

Stock-Based Compensation (Details)	12 Months Ended
Stock-Based Compensation (Details)	Dec. 31, 2021USD ($)director$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)shares
Unrecognized compensation cost and vesting period
Unrecognized compensation costs related to unvested stock-based compensation arrangements \| $	$ 17,300,000
Weighted-average period for recognition of unrecognized stock-based compensation expense	2 years 2 months 12 days
Other disclosures
Shares issued and committed to issue \| shares	13,400	12,600	7,000
Shares committed to be issued \| shares	6,900	7,400	4,000
Shares expected to be settled In cash \| shares	6,500	5,200	3,000
Stock-based compensation expense recognized in operating expenses \| $	$ (15,036,000)	$ (11,384,000)	$ (9,480,000)
Requisite service period for options to vest	3 years
Tax benefit of stock-based compensation expense in provision for income taxes \| $	$ 3,787,000	2,859,000	2,330,000
Share-based Payment Arrangement, Expense, after Tax \| $	11,249,000	8,525,000	7,150,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value \| $	$ 15,701,000	$ 21,921,000	16,760,000
Weighted average grant date, period	60 days
Vesting period	4 years
Restricted Stock Units
Restricted stock unit activity
Outstanding at the beginning of the period (in shares) \| shares	351,000
Awarded (in shares) \| shares	168,000
Vested (in shares) \| shares	(162,000)
Forfeited (in shares) \| shares	(13,000)
Outstanding at the end of the period (in shares) \| shares	344,000	351,000
Outstanding and expected to vest at the end of the period (in shares) \| shares	474,000
Weighted-Average Exercise Price
Outstanding at the beginning of the period (in dollars per share) \| $ / shares	$ 66.13
Awarded (in dollars per share) \| $ / shares	93.26
Vested (in dollars per share) \| $ / shares	60.30
Forfeited (in dollars per share) \| $ / shares	81.50
Outstanding at the end of the period (in dollars per share) \| $ / shares	81.33	$ 66.13
Outstanding and expected to vest at the end of the period (in dollars per share) \| $ / shares	$ 78.45
Aggregate Intrinsic Value
Outstanding at the end of the period (in dollars) \| $	$ 47,721,000	$ 33,188,000
Outstanding and expected to vest at end of the period (in dollars) \| $	$ 65,984,000
Closing price per share (in dollars per share) \| $ / shares	$ 139.07
Total intrinsic value of awards vested (in dollars) \| $	$ 15,700,000	$ 21,900,000	16,700,000
Weighted-Average Exercise Price
Outstanding at the beginning of the period (in dollars per share) \| $ / shares	$ 66.13
Forfeited (in dollars per share) \| $ / shares	81.50
Outstanding at the end of the period (in dollars per share) \| $ / shares	$ 81.33	$ 66.13
Aggregate Intrinsic Value
Outstanding at the end of the period (in dollars) \| $	$ 47,721,000	$ 33,188,000
Other disclosures
Stock-based compensation expense recognized in operating expenses \| $	$ (756,000)
Vesting period	4 years
Phantom Share Units (PSUs)
Other disclosures
Vesting period	3 years
2011 Plan \| Non-Qualified Stock Options
Stock-Based Compensation
Maximum common stock shares that may be issued under plan \| shares	16,300,000
Stock Bonus Plan \| Restricted Stock Units
Aggregate Intrinsic Value
Total intrinsic value of awards vested (in dollars) \| $	$ 1,700,000	$ 1,200,000	$ 800,000
Independent directors \| Restricted Stock Units
Aggregate Intrinsic Value
Number Of Directors \| director	7
Other disclosures
Deferred Compensation Arrangement with Individual, Allocated Share-based Compensation Expense \| $	$ 690,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted \| shares	6,601
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price \| $ / shares	$ 100.33
Employees \| Restricted Stock Units
Restricted stock unit activity
Awarded (in shares) \| shares	161,643
Weighted-Average Exercise Price
Awarded (in dollars per share) \| $ / shares	$ 100.93

Trade Accounts Receivable, ne_2

Trade Accounts Receivable, net (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Receivables [Abstract]
Trade accounts receivable	$ 237,312	$ 170,001
Allowance for doubtful accounts	(1,932)	(2,110)
Allowance for sales discounts	(4,359)	(2,763)
Trade accounts receivable, net	$ 231,021	$ 165,128

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 191,174	$ 95,777
In-process products	30,309	21,803
Finished products	222,273	166,162
Total inventories	$ 443,756	$ 283,742

Derivative Instruments (Details

Derivative Instruments (Details) $ in Thousands	12 Months Ended
Derivative Instruments (Details) $ in Thousands	Dec. 31, 2021USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Gain (Loss) on Derivative, Net	$ 600

Property, Plant and Equipment_3

Property, Plant and Equipment, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 635,642	$ 611,988
Less accumulated depreciation and amortization	402,246	377,460
Property Plant and Equipment Excluding Capital Projects in Progress	233,396	234,528
Capital projects in progress	26,473	20,656
Property, plant and equipment, net	259,869	255,184
Fully Depreciated Property, Plant and Equipment, Original Cost	234,000	200,500
Depreciation	36,100	32,100	$ 32,600
Software Development [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	30,200	29,400
Capital projects in progress	4,800	5,500
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	28,175	28,553
Buildings and site improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	202,393	203,421
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	5,995	7,091
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 399,079	$ 372,923

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Carrying amount of goodwill by reportable segment
Increase (Decrease) in Other Current Assets	$ 1,951	$ 845	$ 3,808
Amortization of Intangible Assets	(6,400)	(6,100)	(5,500)
Goodwill [Roll Forward]
Goodwill	134,022	135,844	131,879
Goodwill acquired		106
Foreign exchange	(1,716)	3,867
Goodwill, Other Increase (Decrease)	106	8
Gross Carrying Amount	73,014	67,127
North America
Goodwill [Roll Forward]
Goodwill	96,307	96,311	96,244
Goodwill acquired		0
Foreign exchange	(4)	67
Goodwill, Other Increase (Decrease)	0	0
Gross Carrying Amount	46,643	40,786
Europe
Goodwill [Roll Forward]
Goodwill	36,331	38,059	34,300
Goodwill acquired		106
Foreign exchange	(1,622)	3,661
Goodwill, Other Increase (Decrease)	106	8
Gross Carrying Amount	26,371	26,341
Asia/Pacific
Goodwill [Roll Forward]
Goodwill	1,384	1,474	1,335
Goodwill acquired		0
Foreign exchange	(90)	139
Goodwill, Other Increase (Decrease)	0	0
Patents
Carrying amount of goodwill by reportable segment
Amortization of Intangible Assets	(428)	(373)
Goodwill [Roll Forward]
Gross Carrying Amount	10,773	4,699	4,659
Finite-lived Intangible Assets Acquired	6,074	40
Noncompete Agreements Trademarks and Other
Carrying amount of goodwill by reportable segment
Amortization of Intangible Assets	(2,631)	(2,195)
Goodwill [Roll Forward]
Gross Carrying Amount	21,434	21,582	14,703
Finite-lived Intangible Assets Acquired		6,700
Unpatented Technology
Carrying amount of goodwill by reportable segment
Amortization of Intangible Assets	(2,174)	(2,131)
Reclassifications	348
Goodwill [Roll Forward]
Gross Carrying Amount	22,403	22,104	21,616
Customer Relationships
Carrying amount of goodwill by reportable segment
Amortization of Intangible Assets	(1,186)	(1,443)
Goodwill [Roll Forward]
Gross Carrying Amount	$ 17,789	18,123	$ 17,660
Finite-lived Intangible Assets Acquired		$ 290

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Amortizable Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Amortizable Intangible assets
Gross Carrying Amount	$ 73,014	$ 67,127
Accumulated Amortization	(46,745)	(40,327)
Amortization of Intangible Assets	$ (6,400)	(6,100)	$ (5,500)
Finite-Lived Intangible Assets, Remaining Amortization Period	8 years
Intangible assets, net	$ 26,269	26,800
Capital expenditures and asset acquisitions, net of cash acquired	49,811	40,706	40,176
Goodwill, Other Increase (Decrease)	106	8
Foreign exchange	(148)
2019	4,767
2020	3,807
2021	2,859
2022	2,612
2023	1,884
Thereafter	9,724
Finite-Lived Intangible Assets, Net	25,653
Increase (Decrease) in Other Current Assets	(1,951)	(845)	(3,808)
Patents
Amortizable Intangible assets
Gross Carrying Amount	10,773	4,699	4,659
Accumulated Amortization	(1,362)	(934)	(561)
Amortization of Intangible Assets	(428)	(373)
Intangible assets, net	9,411	3,765	4,098
Finite-lived Intangible Assets Acquired	6,074	40
Unpatented Technology
Amortizable Intangible assets
Gross Carrying Amount	22,403	22,104	21,616
Accumulated Amortization	(18,666)	(16,492)	(14,361)
Amortization of Intangible Assets	(2,174)	(2,131)
Intangible assets, net	3,737	5,612	7,255
Reclassifications	(348)
Foreign exchange	(49)	488
Noncompete Agreements Trademarks and Other
Amortizable Intangible assets
Gross Carrying Amount	21,434	21,582	14,703
Accumulated Amortization	(10,355)	(7,724)	(5,529)
Amortization of Intangible Assets	(2,631)	(2,195)
Intangible assets, net	11,079	13,858	9,174
Finite-lived Intangible Assets Acquired		6,700
Foreign exchange	(148)	179
Customer Relationships
Amortizable Intangible assets
Gross Carrying Amount	17,789	18,123	17,660
Accumulated Amortization	(16,361)	(15,175)	(13,732)
Amortization of Intangible Assets	(1,186)	(1,443)
Intangible assets, net	1,428	2,948	3,928
Finite-lived Intangible Assets Acquired		290
Gain (Loss) on Disposition of Intangible Assets	(217)
Foreign exchange	(117)	173
North America
Amortizable Intangible assets
Gross Carrying Amount	46,643	40,786
Accumulated Amortization	(26,346)	(22,697)
Intangible assets, net	20,297	18,089
Capital expenditures and asset acquisitions, net of cash acquired	45,817	29,937	$ 31,695
Goodwill, Other Increase (Decrease)	$ 0	$ 0
Maximum
Amortizable Intangible assets
Finite-Lived Intangible Asset, Useful Life	21 years
Minimum
Amortizable Intangible assets
Finite-Lived Intangible Asset, Useful Life	3 years

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Goodwill and Intangible Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Amortizable Intangible assets
Gross Carrying Amount	$ 73,014	$ 67,127
Accumulated Amortization	(46,745)	(40,327)
Intangible assets, net	26,269	26,800
Goodwill	134,022	135,844	$ 131,879
North America
Amortizable Intangible assets
Gross Carrying Amount	46,643	40,786
Accumulated Amortization	(26,346)	(22,697)
Intangible assets, net	20,297	18,089
Goodwill	96,307	96,311	96,244
Europe
Amortizable Intangible assets
Gross Carrying Amount	26,371	26,341
Accumulated Amortization	(20,399)	(17,630)
Intangible assets, net	5,972	8,711
Goodwill	36,331	$ 38,059	$ 34,300
Trade Name
Amortizable Intangible assets
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 600

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating Lease, Weighted Average Remaining Lease Term	6 years 10 months 17 days	7 years 3 months 7 days
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year	$ 10,887
Operating Lease, Payments	11,443	$ 9,306
Operating lease right-of-use assets	11,704	9,804
Operating Lease, Liability, Current	8,769	9,143
Operating lease liabilities	37,091	37,199
Operating Lease, Liability	45,860	46,342
Finance Lease, Right-Of-Use Asset, Gross	3,569	3,569
Finance Lease, Right-Of-Use Asset, Accumulated Depreciation	$ (3,416)	$ (3,112)
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Finance Lease, Right-of-Use Asset	$ 153	$ 457
Finance Lease, Liability, Current	$ 0	$ 384
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities	Accrued Liabilities
Finance Lease, Liability	$ 0	$ 384
Finance Lease, Right-of-Use Asset, Amortization	324	864
Finance Lease, Interest Expense	2	30
Lease, Cost	326	894
Finance Lease, Principal Payments	437	1,160
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	11,530	$ 20,308
Lessee, Operating Lease, Liability, Payments, Due Year Two	8,579
Lessee, Operating Lease, Liability, Payments, Due Year Three	6,821
Lessee, Operating Lease, Liability, Payments, Due Year Four	5,861
Lessee, Operating Lease, Liability, Payments, Due Year Five	4,994
Lessee, Operating Lease, Liability, Payments, Due after Year Five	16,279
Lessee, Operating Lease, Liability, Payments, Due	53,421
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	$ 7,561
Finance Lease, Weighted Average Remaining Lease Term	0 years	5 months 1 day
Operating Lease, Weighted Average Discount Rate, Percent	5.22%	5.29%
Finance Lease, Weighted Average Discount Rate, Percent	0.00%	3.30%
Operating lease right-of-use assets	$ 45,438	$ 45,792

Accrued Liabilities and Other_3

Accrued Liabilities and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued Sales Incentive and Advertising, Current	$ 46,821	$ 41,188
Accrued Vacation, Current	63,702	42,783
Dividends Payable, Current	24,178	15,693
Other Employee-related Liabilities, Current	20,822	16,832
Other Accrued Liabilities, Current	10,806	9,999
Accrued profit sharing trust contributions	$ 12,289	$ 10,152
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]
Operating Lease, Liability, Current	$ 8,769	$ 9,143
Accrued liabilities	$ 187,387	$ 145,790

Debt (Details)

Debt (Details) - USD ($)	12 Months Ended
Debt (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt
Basis Spread of Variable Rate, LIBOR, Minimum	50.00%
Amount of interest costs incurred, capitalized, and expensed
Interest costs incurred	$ 1,424,000	$ 2,796,000	$ 2,172,000
Less: Interest capitalized	(574,000)	(512,000)	(144,000)
Interest expense	$ 850,000	$ 2,284,000	$ 2,028,000
LIBOR \| Minimum
Debt
Credit facility, interest rate spread (as a percent)	65.00%
LIBOR \| Maximum
Debt
Credit facility, interest rate spread (as a percent)	150.00%
Base rate \| Minimum
Debt
Credit facility, interest rate spread (as a percent)	0.00%
Base rate \| Maximum
Debt
Credit facility, interest rate spread (as a percent)	50.00%
Primary Revolving Credit Facility
Debt
Long-term Debt	$ 900,000
Line of Credit Facility, Fair Value of Amount Outstanding	304,400,000
Primary Revolving Credit Facility \| Wells Fargo Bank
Debt
Line of Credit Facility, Maximum Borrowing Capacity	$ 300,000,000
Primary Revolving Credit Facility \| Minimum \| Wells Fargo Bank
Debt
Facility fees on the available commitment of the facility (as a percent)	10.00%
Primary Revolving Credit Facility \| Maximum \| Wells Fargo Bank
Debt
Facility fees on the available commitment of the facility (as a percent)	25.00%

Commitments and Contingencies -

Commitments and Contingencies - Purchase Obligations and Employee Relations (Details)	12 Months Ended
	Dec. 31, 2021USD ($)
Collective bargaining arrangements
Unrecorded Unconditional Purchase Obligation	$ 125,400,000
Unrecorded Unconditional Purchase Obligation, Term	3 years
Percentage of employees represented by labor unions	17.00%
Primary Revolving Credit Facility
Collective bargaining arrangements
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months	$ 85,900,000
Long-term Debt	$ 900,000

Income Taxes - Tax Cuts and Job

Income Taxes - Tax Cuts and Jobs Act (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Pre-tax loss carryforwards	$ 41,400
Deferred tax asset valuation allowance	(11,992)	$ (11,316)
Increase (decrease) in the valuation allowance	$ 700	$ (300)

Income Taxes - Summary of Tax R

Income Taxes - Summary of Tax Reconciliations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current
Federal	$ 65,861	$ 42,337	$ 28,314
State	19,515	12,571	7,465
Foreign	7,641	4,478	6,039
Deferred
Federal	802	2,330	3,329
State	(169)	598	805
Foreign	(1,548)	250	(1,577)
Income tax expense (benefit)	92,102	62,564	44,375
Income and loss from continuing operations before income taxes
Domestic	336,085	238,320	163,257
Foreign	22,464	11,244	15,100
Income before taxes	$ 358,549	$ 249,564	$ 178,357
Reconciliations between the statutory federal income tax rates and effective income tax rates
Federal tax rate	21.00%	21.00%	21.00%
State taxes, net of federal benefit	4.30%	4.20%	3.60%
Change in U.S. tax rate applied to deferred taxes	0.00%	0.10%	(0.10%)
True-up of prior year tax returns to tax provision	(0.10%)	(0.40%)	(0.30%)
Difference between U.S. statutory and foreign local tax rates	0.40%	0.40%	0.80%
Change in uncertain tax position	0.00%	0.00%	0.10%
Other	(0.10%)	0.20%	0.20%
Effective income tax rate	25.70%	25.10%	24.90%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets
State tax	$ 1,490	$ 1,076
Workers’ compensation	892	883
Health claims	1,351	1,207
Vacation liability	376	374
Allowance for doubtful accounts	344	384
Inventories	7,497	6,108
Sales incentive and advertising allowances	1,777	1,086
Lease obligations	11,562	11,631
Stock-based compensation	2,612	2,148
Unrealized foreign exchange gain or loss	378	344
Foreign tax credit carryforwards	4,983	4,744
Uncertain tax positions’ unrecognized tax benefits	72	77
Non-United States tax loss carry forward	7,824	7,717
Other	940	0
Deferred tax assets, gross	42,098	37,779
Deferred Tax Assets, Valuation Allowance	11,992	11,316
Deferred tax assets, net, noncurrent	30,106	26,463
Deferred tax liabilities
Depreciation	(14,999)	(12,933)
Goodwill and other intangibles amortization	(16,682)	(15,642)
Tax effect on cumulative translation adjustment	(504)	(568)
Deferred tax liabilities	(43,638)	(40,879)
Total Deferred tax asset/(liability)	(13,532)	(14,416)
Operating loss carryforwards
Deferred tax assets, net, noncurrent	30,106	26,463
Pre-tax loss carryforwards	41,400
Deferred Tax Liabilities, Right Of Use Assets	(11,453)	(11,489)
Deferred Tax Liabilities, Other	$ 0	$ (247)

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of unrecognized tax benefits
Balance at the beginning of the period	$ 1,168	$ 1,706	$ 1,757
Additions based on tax positions related to prior years	9	78	8
Reductions based on tax positions related to prior years	(47)	(7)	(30)
Additions for tax positions of the current year	3	48	167
Lapse of statute of limitations	(189)	(657)	(196)
Balance at the end of the period	944	1,168	1,706
Portion of uncertain tax benefit, if recognized, would reduce effective tax rate	300	300	200
Increase (decrease) in accrued interest as a result of the reversal of accrued interest associated with the lapse of statutes of limitations	(39)	(108)	(20)
Interest accrued on unrecognized tax benefits	$ 200	$ 300	$ 400

Retirement Plans (Details)

Retirement Plans (Details) $ in Thousands	12 Months Ended
Retirement Plans (Details) $ in Thousands	Dec. 31, 2021USD ($)plan	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution percent	7.00%
Payment for Pension Benefits	$ 5,000	$ 5,100	$ 4,500
United States
Defined Benefit Plan Disclosure [Line Items]
Entity's contribution to retirement plans as percentage of employees' compensation	3.00%
Cost of defined contribution plans	$ 20,700	$ 17,700	$ 16,800
Canada
Defined Benefit Plan Disclosure [Line Items]
Number of defined contribution retirement plans \| plan	5
Minimum \| Canada
Defined Benefit Plan Disclosure [Line Items]
Entity's contribution to retirement plans as percentage of employees' compensation	3.00%
Maximum \| Canada
Defined Benefit Plan Disclosure [Line Items]
Entity's contribution to retirement plans as percentage of employees' compensation	15.00%

Segment Information - Narrative

Segment Information - Narrative (Details) $ in Thousands	12 Months Ended
Segment Information - Narrative (Details) $ in Thousands	Dec. 31, 2021USD ($)segment	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment	3
Segment Information
Net sales	$ 1,573,217	$ 1,267,945	$ 1,136,539
Income from operations	367,793	252,363	181,254
Depreciation and amortization	42,477	38,767	38,402
Significant non-cash charges	17,889	13,506	10,782
Income Tax Expense (Benefit)	92,102	62,564	44,375
Capital expenditures and asset acquisitions, net of cash acquired	49,811	40,706	40,176
Total assets	1,484,125	1,232,569	1,095,366
Cash and short-term investments	301,155	274,639
North America
Segment Information
Net sales	1,362,941	1,101,891	972,849
Income from operations	359,140	249,252	176,329
Depreciation and amortization	33,950	30,218	30,652
Significant non-cash charges	8,173	6,929	5,273
Income Tax Expense (Benefit)	87,962	58,201	40,452
Capital expenditures and asset acquisitions, net of cash acquired	45,817	29,937	31,695
Total assets	1,352,988	1,001,168	1,269,545
Europe
Segment Information
Net sales	196,996	156,713	155,144
Income from operations	14,160	8,396	6,817
Depreciation and amortization	6,172	5,856	5,457
Significant non-cash charges	1,943	1,226	1,141
Income Tax Expense (Benefit)	3,826	3,817	1,934
Capital expenditures and asset acquisitions, net of cash acquired	2,403	4,248	8,245
Total assets	202,631	198,647	169,785
Asia/Pacific
Segment Information
Net sales	13,280	9,341	8,546
Income from operations	1,193	308	(731)
Depreciation and amortization	1,844	1,709	1,698
Significant non-cash charges	166	376	211
Income Tax Expense (Benefit)	241	613	577
Capital expenditures and asset acquisitions, net of cash acquired	603	705	236
Total assets	31,832	32,754	30,055
Foreign operating entities
Segment Information
Cash and short-term investments	$ 75,800
Percentage of cash and cash equivalents	25.20%
Administrative and all other
Segment Information
Net sales	$ 0	0	0
Income from operations	(6,700)	(5,593)	(1,161)
Depreciation and amortization	511	984	595
Significant non-cash charges	7,607	4,975	4,157
Income Tax Expense (Benefit)	73	(67)	1,412
Capital expenditures and asset acquisitions, net of cash acquired	988	5,816	0
Total assets	(103,326)	0	(374,019)
Cash and short-term investments	223,500	199,800	161,400
Intersegment elimination
Segment Information
Net sales	35,042	33,450	30,809
Intersegment elimination \| North America
Segment Information
Net sales	2,237	2,554	1,977
Intersegment elimination \| Europe
Segment Information
Net sales	5,696	5,576	2,068
Intersegment elimination \| Asia/Pacific
Segment Information
Net sales	$ 27,109	$ 25,320	$ 26,764

Segment Information - Geographi

Segment Information - Geographic Distribution and Net Sales by Product (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net sales and long-lived assets by geographical area
Net Sales	$ 1,573,217	$ 1,267,945	$ 1,136,539
Long-Lived Assets	274,790	267,330	258,257
Wood construction products
Net sales and long-lived assets by geographical area
Net Sales	1,361,113	1,082,877	948,768
Concrete construction products
Net sales and long-lived assets by geographical area
Net Sales	210,780	184,631	187,462
Other
Net sales and long-lived assets by geographical area
Net Sales	1,324	437	309
United States
Net sales and long-lived assets by geographical area
Net Sales	1,287,085	1,045,509	921,703
Long-Lived Assets	228,623	215,082	210,349
Canada
Net sales and long-lived assets by geographical area
Net Sales	70,401	52,889	47,948
Long-Lived Assets	2,861	3,059	1,181
United Kingdom
Net sales and long-lived assets by geographical area
Net Sales	37,408	24,290	26,376
Long-Lived Assets	1,851	2,073	1,683
Germany
Net sales and long-lived assets by geographical area
Net Sales	29,970	24,069	22,357
Long-Lived Assets	9,999	11,163	10,529
France
Net sales and long-lived assets by geographical area
Net Sales	50,445	40,672	39,969
Long-Lived Assets	5,988	7,095	7,010
Poland
Net sales and long-lived assets by geographical area
Net Sales	13,909	11,648	11,826
Long-Lived Assets	2,496	2,779	2,770
Sweden
Net sales and long-lived assets by geographical area
Net Sales	17,003	15,241	13,792
Long-Lived Assets	2,664	2,986	1,762
Denmark
Net sales and long-lived assets by geographical area
Net Sales	13,964	11,931	10,761
Long-Lived Assets	2,281	2,445	2,235
Norway
Net sales and long-lived assets by geographical area
Net Sales	12,736	11,138	11,238
Long-Lived Assets	0	0	0
Switzerland
Net sales and long-lived assets by geographical area
Net Sales	5,928	5,246	5,600
Long-Lived Assets	6,784	8,172	7,781
Australia
Net sales and long-lived assets by geographical area
Net Sales	8,120	5,749	4,939
Long-Lived Assets	201	134	110
Belgium
Net sales and long-lived assets by geographical area
Net Sales	6,818	5,311	5,605
Long-Lived Assets	2,349	2,268	1,913
The Netherlands
Net sales and long-lived assets by geographical area
Net Sales	4,834	4,526	4,019
Long-Lived Assets	39	61	93
New Zealand
Net sales and long-lived assets by geographical area
Net Sales	5,160	3,593	3,606
Long-Lived Assets	160	167	166
Chile
Net sales and long-lived assets by geographical area
Net Sales	5,455	3,493	3,198
Long-Lived Assets	31	49	28
Other countries
Net sales and long-lived assets by geographical area
Net Sales	3,981	2,640	3,602
Long-Lived Assets	$ 8,463	$ 9,797	$ 10,647

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, € in Millions, $ in Millions	Jan. 26, 2022USD ($)	Jan. 26, 2022EUR (€)	Jan. 22, 2022USD ($)$ / shares	Dec. 31, 2021$ / shares	Dec. 31, 2020$ / shares	Dec. 31, 2019$ / shares
Subsequent Events
Common Stock, Dividends, Per Share, Declared (in dollars per share)				$ 0.98	$ 0.92	$ 0.91
Subsequent Event
Subsequent Events
Common Stock, Dividends, Per Share, Declared (in dollars per share)			$ 0.25
Dividends \| $			$ 10.8
Cash paid for acquisition	$ 818	€ 725

SCHEDULE II VALUATION AND QUA_2

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for doubtful accounts
Valuation and qualifying accounts
Balance at Beginning of Year	$ 2,110	$ 1,935	$ 1,364
Charged to Costs and Expenses	392	(98)	977
Valuation Allowances and Reserves, Charged to Other Accounts	570	(273)	406
Deductions	0	0	0
Balance at End of Year	1,932	2,110	1,935
Sales Returns and Allowances [Member]
Valuation and qualifying accounts
Balance at Beginning of Year	4,566	4,748	3,317
Charged to Costs and Expenses	2,659	(182)	1,431
Valuation Allowances and Reserves, Charged to Other Accounts	0	0	0
Deductions	0	0	0
Balance at End of Year	7,225	4,566	4,748
Allowance for deferred tax assets
Valuation and qualifying accounts
Balance at Beginning of Year	11,316	11,617	13,254
Charged to Costs and Expenses	1,763	1,166	1,423
Valuation Allowances and Reserves, Charged to Other Accounts	0	0	0
Deductions	1,088	1,467	3,060
Balance at End of Year	$ 11,991	$ 11,316	$ 11,617