Simpson Manufacturing (SSD) 10-Q5 May 222022 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2022	May 02, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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 per share
Trading Symbol	SSD
Security Exchange Name	NYSE
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 Common Stock, Shares Outstanding		43,159,934
Entity Central Index Key	0000920371
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Current assets
Cash and cash equivalents	$ 984,372	$ 301,155	$ 257,428
Trade accounts receivable, net	320,428	231,021	227,201
Inventories	443,448	443,756	296,640
Other current assets	39,632	22,903	37,732
Total current assets	1,787,880	998,835	819,001
Noncurrent assets
Property, plant and equipment, net	265,675	259,869	255,684
Operating lease right-of-use assets	44,651	45,438	44,236
Goodwill	133,651	134,022	133,477
Intangible assets, net	25,021	26,269	25,059
Other noncurrent assets	23,472	19,692	17,270
Total assets	2,280,350	1,484,125	1,294,727
Current liabilities
Trade accounts payable	76,390	57,215	66,236
Accrued liabilities and other current liabilities	207,959	187,387	158,578
Long-term debt, current portion	22,500	0	0
Total current liabilities	306,849	244,602	224,814
Liabilities, Noncurrent
Operating lease liabilities	36,336	37,091	35,810
Long term debt, net	670,733	0	0
Deferred income tax and other long-term liabilities	34,621	18,434	19,594
Total liabilities	1,048,539	300,127	280,218
Commitments and contingencies (see Note 13)
Stockholders’ equity
Common stock, at par value	433	432	435
Additional paid-in capital	289,773	294,330	285,896
Retained earnings	990,611	906,841	760,862
Treasury stock	(21,281)	0	(13,510)
Accumulated other comprehensive loss	(27,725)	(17,605)	(19,174)
Total stockholders’ equity	1,231,811	1,183,998	1,014,509
Total liabilities and stockholders’ equity	$ 2,280,350	$ 1,484,125	$ 1,294,727

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net sales	$ 493,570	$ 347,642
Cost of sales	256,789	185,360
Gross profit	236,781	162,282
Operating expenses:
Research and development and other engineering	15,866	14,591
Selling	36,836	30,823
General and administrative	53,774	48,565
Total operating expenses	106,476	93,979
Acquisition related costs	6,951	0
Net gain on disposal of assets	(1,083)	(80)
Income from operations	124,437	68,383
Interest expense, net and other	(428)	(1,778)
Income before taxes	124,009	66,605
Provision for income taxes	29,433	16,218
Net income	94,576	50,387
Other comprehensive income
Translation adjustment	(3)	(9,264)
Unamortized pension adjustments	(172)	492
Cash flow hedge adjustment, net of tax	(9,946)	26
Comprehensive net income	$ 84,455	$ 41,641
Net income per common share:
Basic	$ 2.19	$ 1.16
Diluted	$ 2.18	$ 1.16
Number of shares outstanding
Basic	43,179	43,379
Diluted	43,376	43,612
Cash dividends declared per common share	$ 0.25	$ 0.23

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning Balance (in shares) at Dec. 31, 2020		43,326,000
Beginning Balance at Dec. 31, 2020	$ 980,943	$ 433	$ 284,007	$ 720,441	$ (10,428)	$ (13,510)
Increase (Decrease) in Stockholders' Equity
Net income	50,387			50,387
Translation adjustment, net of tax	(9,264)				(9,264)
Pension adjustment and other, net of tax	492				492
Cash flow Hedges, net of tax	26				26
Stock-based compensation	6,462		6,462
Shares issued from release of Restricted Stock Units (in shares)		97,000
Shares issued from release of Restricted Stock Units	(5,263)	$ 1	(5,264)
Cash dividends declared on common stock	(9,966)			(9,966)
Common stock issued (in shares)		7,000
Common stock issued	692	$ 1	691
Ending Balance (in shares) at Mar. 31, 2021		43,430,000
Ending Balance at Mar. 31, 2021	1,014,509	$ 435	285,896	760,862	(19,174)	(13,510)
Beginning Balance (in shares) at Dec. 31, 2021		43,217,000
Beginning Balance at Dec. 31, 2021	1,183,998	$ 432	294,330	906,841	(17,605)	0
Increase (Decrease) in Stockholders' Equity
Net income	94,576			94,576
Translation adjustment, net of tax	(3)				(3)
Pension adjustment and other, net of tax	(171)				(171)
Cash flow Hedges, net of tax	(9,946)				(9,946)
Stock-based compensation	4,007		4,007
Shares issued from release of Restricted Stock Units (in shares)		130,000
Shares issued from release of Restricted Stock Units	(9,523)	$ 1	(9,524)
Repurchase of common stock (in shares)		(195,000)
Repurchase of common stock	(21,281)					(21,281)
Cash dividends declared on common stock	(10,806)			(10,806)
Common stock issued (in shares)		7,000
Common stock issued	960	$ 0	960
Ending Balance (in shares) at Mar. 31, 2022		43,159,000
Ending Balance at Mar. 31, 2022	$ 1,231,811	$ 433	$ 289,773	$ 990,611	$ (27,725)	$ (21,281)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per common share	$ 0.25	$ 0.23
Common stock issued per share for stock bonus (in USD per share)	$ 139.07	$ 93.45

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net income	$ 94,576	$ 50,387
Adjustments to reconcile net income to net cash provided by operating activities:
Loss/(gain) on sale of assets and other	(1,267)	333
Depreciation and amortization	10,795	11,225
Noncash lease expense	2,477	2,393
Deferred income taxes	(1,810)	314
Noncash compensation related to stock plans	4,872	6,542
Provision of doubtful accounts	(211)	(215)
Changes in operating assets and liabilities:
Trade accounts receivable	(89,799)	(62,660)
Inventories	(381)	(14,750)
Trade accounts payable	17,929	17,301
Other current assets	(16,479)	(14,109)
Accrued liabilities and other current liabilities	21,707	22,126
Other noncurrent assets and liabilities	2,270	(1,054)
Net cash provided by operating activities	44,679	17,833
Cash flows from investing activities
Capital expenditures	(17,823)	(10,505)
Asset acquisitions	(488)	0
Equity method investments	(600)	(5,329)
Proceeds from sale of property and equipment	1,830	105
Net cash used in investing activities	(17,081)	(15,729)
Cash flows from financing activities
Repurchase of common stock	(21,281)	0
Proceeds from lines of credit and term loan borrowing	700,038	0
Repayments of lines of credit and capital leases	(1,024)	(192)
Debt issuance costs	(6,804)	0
Dividends paid	(10,806)	(9,967)
Cash paid on behalf of employees for shares withheld	(9,523)	(5,263)
Net cash provided by (used in) financing activities	650,600	(15,422)
Effect of exchange rate changes on cash and cash equivalents	5,019	(3,893)
Net increase (decrease) in cash and cash equivalents	683,217	(17,211)
Cash and cash equivalents at beginning of period	301,155	274,639
Cash and cash equivalents at end of period	984,372	257,428
Noncash activity during the period
Noncash capital expenditures	761	1,526
Dividends declared but not paid	10,847	9,967
Issuance of Company’s common stock for compensation	$ 960	$ 692

Basis of Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Simpson Manufacturing Co., Inc. and its subsidiaries (collectively, the “Company”). 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 condensed 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management believes that these condensed 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. Interim Reporting Period The accompanying unaudited quarterly condensed consolidated financial statements have been prepared in accordance with GAAP pursuant to the rules and regulations for reporting interim financial information and instructions on Form 10-Q. Accordingly, certain information and footnotes required by GAAP have been condensed or omitted. These interim statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “2021 Form 10-K”). The unaudited quarterly condensed consolidated financial statements have been prepared on the same basis as the audited annual consolidated financial statements and, in the opinion of management, contain all adjustments (consisting of only normal recurring adjustments) necessary to state fairly the financial information set forth therein in accordance with GAAP. Certain prior period amounts in the condensed consolidated financial statements and the accompanying notes have been reclassified to conform to the current period’s presentation. The year-end condensed consolidated balance sheet data provided herein were derived from audited financial statements included in the 2021 Form 10-K, but do not include all disclosures required by GAAP. The Company’s quarterly results fluctuate. As a result, the Company believes the results of operations for this interim period presented are not indicative of the results to be expected for any future periods. 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. Net Income Per Common Share The Company calculates net income per common share based on the weighted-average number of shares of the Company's common stocks outstanding during the period. Potentially dilutive securities 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 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. 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 the interest rate and foreign currency contracts are classified as Level 2 within the fair value hierarchy. Derivative Instruments - Foreign Currency and Interest Rate Contracts The Company uses derivative instruments as a risk management tool to mitigate the potential impact of certain market risks. Foreign currency and interest rate risk are the primary market risks the Company manages through the use of derivative instruments, which are accounted for as cash flow hedges or net investment hedges under the accounting standards and carried at fair value as other current or noncurrent assets or as other current or other long-term liabilities in the condensed consolidated balance sheets. Net deferred gains and losses related to changes in fair value of cash flow hedges are included in accumulated other comprehensive income/loss ("OCI"), a component of shareholders' equity in the condensed consolidated balance sheets, and are reclassified into the line item in the condensed consolidated statement of earnings and comprehensive income in which the hedged items are recorded in the same period the hedged item affects earnings. The effective portion of gains and losses attributable to net investment hedges is recorded net of tax to OCI to offset the change in the carrying value of the net investment being hedged. Recognition in earnings of amounts previously recorded to OCI are limited to circumstances such as complete or substantially complete liquidation of the net investment in the hedged foreign operation. Changes in fair value of any derivatives that are determined to be ineffective are immediately reclassified from OCI into earnings. Cash and 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 March 31, 2022 and 2021, the value of these investments were $32.6 million and $28.2 million, respectively, consisting of United States 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 three months ended March 31, 2022 are outlined in the table below: Balance at Balance at (in thousands) December 31, 2021 Expense (Deductions), net Write-Offs 1 March 31, 2022 Allowance for Doubtful Accounts $ 1,933 (211) 103 $ 1,619 1 Amount is net of recoveries and the effect of foreign currency fluctuations for the three months ended March 31, 2022. 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. The Company uses an estimated annual tax rate to measure the tax benefit or tax expense recognized in each interim period. 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. The Company's primary credit facility, which was amended and restated on March 30, 2022, is composed of $450.0 million revolving line of credit and a $450.0 million term loan (the "Amended and Restated Credit Facility"), which matures on March 30, 2027. Borrowings under the Amended and Restated Credit Facility bear interest using Secured Overnight Financing Rate ("SOFR") plus an applicable margin. All other newly issued and effective accounting standards during the first quarter of 2022 were determined to be not relevant or material to the Company.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
Revenue from Contracts with Customers	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	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 interim financial statements under Note 14. Wood Construction Products Revenue . Wood construction products represented 88% and 87% of total net sales for the three months ended March 31, 2022 and 2021. Concrete Construction Products Revenue. Concrete construction products represented 12% and 13% of total net sales for both the three months ended March 31, 2022 and 2021. 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 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 a 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 March 31, 2022, the Company had no contract assets or contract liabilities from contracts with customers .

Net Income Per Share

Net Income Per Share	3 Months Ended
Net Income Per Share	Mar. 31, 2022
Earnings Per Share [Abstract]
Net Income Per Share	Net Income Per Share The following shows a reconciliation of basic net earnings ("EPS") per share to diluted EPS: Three Months Ended (in thousands, except per share amounts) 2022 2021 Net income available to common stockholders $ 94,576 $ 50,387 Basic weighted-average shares outstanding 43,179 43,379 Dilutive effect of potential common stock equivalents — restricted stock units 197 233 Diluted weighted-average shares outstanding 43,376 43,612 Net income per common share: Basic $ 2.19 $ 1.16 Diluted $ 2.18 $ 1.16

Stockholders' Equity

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Mar. 31, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Treasury Shares As of March 31, 2022, the Company held 194,745 shares of its common stock as treasury shares.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
Stock-Based Compensation	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation 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 Company recognized stock-based compensation expense related to its equity plans for employees of $4.9 million and $6.5 million for the three months ended March 31, 2022 and 2021, respectively. During the three months ended March 31, 2022, the Company granted 112,101 RSUs and PSUs to the Company's employees, including officers at an estimated weighted average fair value of $120.51 per share based on the closing price (adjusted for 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-based RSUs that are granted to the Company's employees excluding officers and certain key employees, vest ratably over the four year vesting-term of the award.

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net	3 Months Ended
Trade Accounts Receivable, Net	Mar. 31, 2022
Receivables [Abstract]
Trade Accounts Receivable, Net	Trade Accounts Receivable, Net Trade accounts receivable consisted of the following: At March 31, At December 31, (in thousands) 2022 2021 2021 Trade accounts receivable $ 327,054 $ 232,646 $ 237,312 Allowance for doubtful accounts (1,618) (1,776) (1,932) Allowance for sales discounts and returns (5,008) (3,669) (4,359) $ 320,428 $ 227,201 $ 231,021

Inventories

Inventories	3 Months Ended
Inventories	Mar. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories are as follows: At March 31, At December 31, (in thousands) 2022 2021 2021 Raw materials $ 180,431 $ 94,340 $ 191,174 In-process products 36,029 22,678 30,309 Finished products 226,988 179,622 222,273 $ 443,448 $ 296,640 $ 443,756

Derivative Instruments

Derivative Instruments	3 Months Ended
Derivative Instruments	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative InstrumentsThe Company enters into derivative instrument agreements, including forward foreign currency exchange contracts, interest rate swaps, and cross currency swaps to manage risk in connection with changes in foreign currency and interest rates. The Company hedges committed exposures and does not engage in speculative transactions. The Company only enters into derivative instrument agreements with counterparties who have highly rated credit. The Company uses a forward foreign currency contract to hedge its exposure to adverse foreign currency exchange rate movements for its operations in Europe. This contract matures in March 2029. The Company has elected the spot method for designating this contract as a net investment hedge. The Company has also converted a Euro-denominated ("EUR"), fixed rate obligation into a U.S. Dollar fixed rate obligation using a receive fixed, pay fixed cross currency swap. The cross-currency swap is designated as a cash flow hedge. In addition, the Company has converted domestic U.S. variable rate debt to fixed rate debt using a receive variable, pay fixed interest rate swap. The interest rate swap contract is also designated as a cash flow hedge. As of March 31, 2022, the aggregate notional amount of the Company's outstanding interest rate contracts, cross currency swap contracts and forward contract were $700.0 million, $500.0 million and $328.2 million, respectively. As of March 31, 2021, the aggregate notional amount of the Company's outstanding forward contracts were $9.1 million. Changes in fair value of any forward contracts that are determined to be ineffective are immediately reclassified from OCI into earnings. There were no amounts recognized due to ineffectiveness during the three months ended March 31, 2022. The effects of fair value and cash flow hedge accounting on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the period ended March 31, 2022 was as follows: (in thousands) Cost of Goods Sold Interest expense, net and other Total amounts of income and expense line items presented in the Condensed Consolidated Statement of Earnings in which the effects of fair value or cash flow hedges are recorded $ 256,789 $ (428) The effects of fair value and cash flow hedging Gain or (loss) on cash flow hedging relationships Interest contracts: Amount of gain or (loss) reclassified from OCI to earnings — (29) Cross currency swap contract Amount of gain or (loss) reclassified from OCI to earnings — (2,946) Forward contract Amount of gain or (loss) reclassified from OCI to earnings 163 — Fair value and cash flow hedge accounting had no effect on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the period ended March 31, 2021. The effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the period ended March 31 were as follow: Cash Flow Hedging Relationships Gain (Loss) Recognized in OCI Location of Gain (Loss) Reclassified from OCI into Earnings Gain (Loss) Reclassified from OCI into Earnings (in thousands) 2022 2021 2022 2021 Interest rate contracts $ (1,805) $ — Interest expense $ (29) $ — Cross currency contracts (7,548) — Interest expense 21 — FX gain (loss) (2,967) — Forward contracts $ — $ — Cost of goods sold 163 — Total $ (9,353) $ — $ (2,812) $ — For the three months ending March 31, 2022, losses on the net investment hedge of $6.8 million was included in OCI and no gains or losses were reclassified from OCI to earnings.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	3 Months Ended
Property, Plant and Equipment, Net	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	Property, Plant and Equipment, Net Property, plant and equipment consisted of the following: At March 31, At December 31, (in thousands) 2022 2021 2021 Land $ 34,591 $ 28,280 $ 28,175 Buildings and site improvements 197,180 201,283 202,393 Leasehold improvements 6,153 7,023 5,995 Machinery, equipment, and software 407,808 385,195 399,079 645,732 621,781 635,642 Less accumulated depreciation and amortization (406,835) (382,907) (402,246) 238,897 238,874 233,396 Capital projects in progress 26,778 16,810 26,473 Total $ 265,675 $ 255,684 $ 259,869

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
Goodwill and Intangible Assets	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill consisted of the following: At March 31, At December 31, (in thousands) 2022 2021 2021 North America $ 96,359 $ 96,340 $ 96,307 Europe 35,864 35,684 36,331 Asia/Pacific 1,428 1,453 1,384 Total $ 133,651 $ 133,477 $ 134,022 Amortizable intangible assets, net, consisted of the following: At March 31, 2022 Gross Net Carrying Accumulated Carrying (in thousands) Amount Amortization Amount North America $ 46,642 $ (27,205) $ 19,437 Europe 26,274 (20,690) 5,584 Total $ 72,916 $ (47,895) $ 25,021 At March 31, 2021 Gross Net (in thousands) Carrying Accumulated Carrying North America $ 40,785 $ (23,724) $ 17,061 Europe 26,347 (18,349) 7,998 Total $ 67,132 $ (42,073) $ 25,059 At December 31, 2021 Gross Net (in thousands) Carrying Accumulated Carrying North America $ 46,643 $ (26,346) $ 20,297 Europe 26,371 (20,399) 5,972 Total $ 73,014 $ (46,745) $ 26,269 Intangible assets consist of definite-lived and indefinite-lived assets. Definite-lived intangible assets include customer relationships, patents, unpatented technology, and non-compete agreements. Amortization expense of definite-lived intangible assets was $1.1 million and $1.7 million for the three months ended March 31, 2022 and 2021, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 8.3 years. The only indefinite-lived intangible asset, consisting of a trade name, totaled $0.6 million at March 31, 2022. At March 31, 2022, the estimated future amortization of definite-lived intangible assets was as follows: (in thousands) Remaining nine months of 2022 $ 3,553 2023 3,740 2024 2,809 2025 2,523 2026 1,840 2027 1,690 Thereafter 8,250 $ 24,405 The changes in the carrying amount of goodwill and intangible assets for the three months ended March 31, 2022, were as follows: Intangible (in thousands) Goodwill Assets Balance at December 31, 2021 $ 134,022 $ 26,269 Amortization — (1,149) Foreign exchange (371) (99) Balance at March 31, 2022 $ 133,651 $ 25,021

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2022
Leases [Abstract]
Leases	Leases The 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 5 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 condensed consolidated balance sheets as of March 31, 2022 and 2021 and December 31, 2021, condensed consolidated statements of earnings and comprehensive income, and condensed consolidated statements of cash flows for the three months ended March 31, 2022 and 2021, respectively: Condensed Consolidated Balance Sheets Line Item March 31, December 31, (in thousands) 2022 2021 2021 Operating leases Assets Operating leases Operating lease right-of-use assets $ 44,651 $ 44,236 $ 45,438 Liabilities Operating - current Accrued expenses and other current liabilities 8,750 $ 8,941 $ 8,769 Operating - noncurrent Operating lease liabilities 36,336 35,810 37,091 Total operating lease liabilities $ 45,086 $ 44,751 $ 45,860 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ — $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net — (3,188) (3,416) Property and equipment, net Property, plant and equipment, net $ — $ 381 $ 153 Liabilities Other current liabilities Accrued expenses and other current liabilities $ — $ 193 $ — Total finance lease liabilities $ — $ 193 $ — The components of lease expense were as follows: Condensed Consolidated Statements of Earnings and Comprehensive Income Line Item Three Months Ended March 31, (in thousands) 2022 2021 Operating lease cost General administrative expenses and $ 3,128 $ 2,859 Finance lease cost: Amortization of right-of-use General administrative expenses $ — $ 216 Interest on lease liabilities Interest expense, net — 2 Total finance lease $ — $ 218 Other Information Supplemental cash flow information related to leases is as follows: Three Months Ended March 31, (in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 3,097 $ 2,805 Finance cash flows for finance leases — 290 Operating right-of-use assets obtained in exchange for lease 2,196 786 The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2022: (in thousands) Operating Leases Remaining nine months of 2022 $ 8,438 2023 9,327 2024 7,550 2025 6,005 2026 4,997 Thereafter 16,279 Total lease payments 52,596 Less: Present value discount (7,510) Total lease liabilities $ 45,086 The following table summarizes the Company's lease terms and discount rates as of March 31, 2022 and 2021: Weighted-average remaining lease terms (in years): 2022 2021 Operating leases 6.64 7.13 Finance leases 0.0 0.25 Weighted-average discount rate: Operating leases 5.17 % 5.28 % Finance leases — % 3.5 %
Leases	Leases The 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 5 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 condensed consolidated balance sheets as of March 31, 2022 and 2021 and December 31, 2021, condensed consolidated statements of earnings and comprehensive income, and condensed consolidated statements of cash flows for the three months ended March 31, 2022 and 2021, respectively: Condensed Consolidated Balance Sheets Line Item March 31, December 31, (in thousands) 2022 2021 2021 Operating leases Assets Operating leases Operating lease right-of-use assets $ 44,651 $ 44,236 $ 45,438 Liabilities Operating - current Accrued expenses and other current liabilities 8,750 $ 8,941 $ 8,769 Operating - noncurrent Operating lease liabilities 36,336 35,810 37,091 Total operating lease liabilities $ 45,086 $ 44,751 $ 45,860 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ — $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net — (3,188) (3,416) Property and equipment, net Property, plant and equipment, net $ — $ 381 $ 153 Liabilities Other current liabilities Accrued expenses and other current liabilities $ — $ 193 $ — Total finance lease liabilities $ — $ 193 $ — The components of lease expense were as follows: Condensed Consolidated Statements of Earnings and Comprehensive Income Line Item Three Months Ended March 31, (in thousands) 2022 2021 Operating lease cost General administrative expenses and $ 3,128 $ 2,859 Finance lease cost: Amortization of right-of-use General administrative expenses $ — $ 216 Interest on lease liabilities Interest expense, net — 2 Total finance lease $ — $ 218 Other Information Supplemental cash flow information related to leases is as follows: Three Months Ended March 31, (in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 3,097 $ 2,805 Finance cash flows for finance leases — 290 Operating right-of-use assets obtained in exchange for lease 2,196 786 The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2022: (in thousands) Operating Leases Remaining nine months of 2022 $ 8,438 2023 9,327 2024 7,550 2025 6,005 2026 4,997 Thereafter 16,279 Total lease payments 52,596 Less: Present value discount (7,510) Total lease liabilities $ 45,086 The following table summarizes the Company's lease terms and discount rates as of March 31, 2022 and 2021: Weighted-average remaining lease terms (in years): 2022 2021 Operating leases 6.64 7.13 Finance leases 0.0 0.25 Weighted-average discount rate: Operating leases 5.17 % 5.28 % Finance leases — % 3.5 %

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt On March 30, 2022, the Company entered into the Amended and Restated Credit Facility. The Amended and Restated Credit Agreement amends and restates the Company's previous Credit Agreement, dated as of July 27, 2012. The Amended and Restated Credit Facility provides for a 5-year revolving credit facility of $450.0 million revolving line of credit, which includes a letter of credit-sub-facility up to $50.0 million, and for a 5-year term loan facility of $450.0 million. The Company borrowed $250.0 million, under the revolving credit facility and $450.0 million under the term loan facility to finance a portion of the purchase price of the Company’s acquisition of the ETANCO Group ("ETANCO"). In addition, the Company incurred $6.8M debt issuance costs reflected in long term debt, net that will be deferred and amortized over the 5-year terms of the Amended and Restated Credit Facility. The Company is required to pay an annual revolving credit facility fee of 0.10% to 0.25% per annum on the available commitments under the terms of the Amended and Restated Revolving Credit Facility, regardless of usage, with the applicable fee determined on a quarterly basis based on the Company’s net leverage ratio. The fee is included within other expense in the Company's condensed consolidated statement of operations. Amounts borrowed under the Amended and Restated Credit Facility will bear interest from time to time at either Base Rate, Spread Adjusted Daily Simple SOFR, Spread Adjusted Term SOFR, Adjusted Eurocurrency Rate or Daily Simple RFR, in each case, as calculated under and as in effect from time to time under the Amended and Restated Credit Facility, plus the Applicable Margin, as defined in the Amended and Restated Credit Facility. The Applicable Margin is determined based on the Company’s net leverage ratio, and ranges (i) from 0.00% to 0.75% per annum for amounts borrowed under the term loan facility that bear interest at Base Rate, (ii) from 0.75% to 1.75% per annum for amounts borrowed under the term loan facility that bear interest at Adjusted Eurocurrency Rate, Spread Adjusted Daily Simple SOFR or Spread Adjusted Term SOFR, (iii) from 0.00% to 0.50% per annum for amounts borrowed under the revolving credit facility that bear interest at Base Rate, (iv) from 0.6826% to 1.5326% per annum for amounts borrowed under the revolving credit facility that bear interest at Daily Simple RFR (solely to the extent denominated in pound sterling) and (v) from 0.65% to 1.50% per annum for amounts borrowed under the revolving credit facility that bear interest at Daily Simple RFR (other than loans denominated in pound sterling) or Adjusted Eurocurrency Rate. Loans outstanding under the Amended and Restated Credit Facility may be prepaid at any time without penalty except for customary breakage costs and expenses. As of March 31, 2022, in addition to the Amended and Restated 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 $204.3 million in revolving credit lines and an irrevocable standby letter of credit in support of various insurance deductibles. The Company has a $700.0 million outstanding debt balance which we deem as the fair value as of March 31, 2022. There were no outstanding balances as of March 31, 2021, and December 31, 2021. The Company was in compliance with its financial covenants under the Credit Facility as of March 31, 2022.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesEnvironmental 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.

Segment Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is organized into three reporting segments defined by the regions where the Company’s products are manufactured, marketed and distributed to the Company’s customers. The three reporting 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 tables illustrate certain measurements used by management to assess the performance of its reportable segments as of or the following periods: Three Months Ended March 31, (in thousands) 2022 2021 Net Sales North America $ 438,731 $ 300,564 Europe 51,451 44,296 Asia/Pacific 3,388 2,782 Total $ 493,570 $ 347,642 Sales to Other Segments* North America $ 1,134 $ 696 Europe 1,684 1,609 Asia/Pacific 8,567 8,527 Total $ 11,385 $ 10,832 Income (Loss) from Operations ** North America $ 135,727 $ 73,025 Europe (1,370) 2,291 Asia/Pacific 564 425 Administrative and all other (10,484) (7,358) Total $ 124,437 $ 68,383 * Sales to other segments are eliminated in consolidation. ** The Company changed its presentation of its North America and Administrative and all other segment statement of operations to account for allocated expenses and management fees as a separate item below income from operations. Allocated expenses and management fees between the two segments were previously included in operating expenses and in income from operations. At At March 31, December 31, (in thousands) 2022 2021 2021 Total Assets North America $ 1,120,027 $ 1,125,887 $ 1,352,988 Europe 1,034,323 198,363 202,631 Asia/Pacific 32,847 31,831 31,832 Administrative and all other 93,153 (61,354) (103,326) Total $ 2,280,350 $ 1,294,727 $ 1,484,125 Cash collected by the Company’s U.S. subsidiaries is routinely transferred into the Company’s cash management accounts and, therefore is in the total assets of “Administrative and all other.” Cash and cash equivalent balances in the “Administrative and all other” segment were $96.1 million, $248.7 million, and $223.5 million, as of March 31, 2022 and 2021, and December 31, 2021, respectively. On April 1, 2022, the Company used approximately $800 million of the funds held in our foreign operations to acquire ETANCO. 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 table below illustrates the distribution of the Company’s sales by product group as additional information for the following periods: Three Months Ended March 31, (in thousands) 2022 2021 Wood construction products $ 435,438 $ 301,578 Concrete construction products 57,976 45,523 Other 156 541 Total $ 493,570 $ 347,642

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declared On May 4, 2022, the Company’s Board of Directors (the "Board") declared a quarterly cash dividend of $0.26 per share, estimated to be $11.2 million in total. The dividend will be payable on July 28, 2022, to the Company's stockholders of record on July 7, 2022. ETANCO Acquisition On April 1, 2022, the Company acquired ETANCO, a manufacturer of fastener and fixing products headquartered in France, for $800.0 million (725 million euros (1) ) net of cash. Information regarding the ETANCO acquisition information is incorporated by reference to Form 8-K April 7, 2022 filing.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Simpson Manufacturing Co., Inc. and its subsidiaries (collectively, the “Company”). 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 condensed 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management believes that these condensed 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.
Interim Period Reporting	Interim Reporting Period The accompanying unaudited quarterly condensed consolidated financial statements have been prepared in accordance with GAAP pursuant to the rules and regulations for reporting interim financial information and instructions on Form 10-Q. Accordingly, certain information and footnotes required by GAAP have been condensed or omitted. These interim statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “2021 Form 10-K”). The unaudited quarterly condensed consolidated financial statements have been prepared on the same basis as the audited annual consolidated financial statements and, in the opinion of management, contain all adjustments (consisting of only normal recurring adjustments) necessary to state fairly the financial information set forth therein in accordance with GAAP. Certain prior period amounts in the condensed consolidated financial statements and the accompanying notes have been reclassified to conform to the current period’s presentation. The year-end condensed consolidated balance sheet data provided herein were derived from audited financial statements included in the 2021 Form 10-K, but do not include all disclosures required by GAAP. The Company’s quarterly results fluctuate. As a result, the Company believes the results of operations for this interim period presented are not indicative of the results to be expected for any future periods.
Revenue Recognition	Revenue Recognition
Net Income Per Common Share	Net Income Per Common Share The Company calculates net income per common share based on the weighted-average number of shares of the Company's common stocks outstanding during the period. Potentially dilutive securities 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 for Leases	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	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.
Equity Investments
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 the interest rate and foreign currency contracts are classified as Level 2 within the fair value hierarchy.
Derivative Instruments - Foreign Currency Contracts	Derivative Instruments - Foreign Currency and Interest Rate Contracts The Company uses derivative instruments as a risk management tool to mitigate the potential impact of certain market risks. Foreign currency and interest rate risk are the primary market risks the Company manages through the use of derivative instruments, which are accounted for as cash flow hedges or net investment hedges under the accounting standards and carried at fair value as other current or noncurrent assets or as other current or other long-term liabilities in the condensed consolidated balance sheets. Net deferred gains and losses related to changes in fair value of cash flow hedges are included in accumulated other comprehensive income/loss ("OCI"), a component of shareholders' equity in the condensed consolidated balance sheets, and are reclassified into the line item in the condensed consolidated statement of earnings and comprehensive income in which the hedged items are recorded in the same period the hedged item affects earnings. The effective portion of gains and losses attributable to net investment hedges is recorded net of tax to OCI to offset the change in the carrying value of the net investment being hedged. Recognition in earnings of amounts previously recorded to OCI are limited to circumstances such as complete or substantially complete liquidation of the net investment in the hedged foreign operation. Changes in fair value of any derivatives that are determined to be ineffective are immediately reclassified from OCI into earnings.
Cash and Cash Equivalents	Cash and Cash EquivalentsThe 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 March 31, 2022 and 2021, the value of these investments were $32.6 million and $28.2 million, respectively, consisting of United States 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	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 three months ended March 31, 2022 are outlined in the table below: Balance at Balance at (in thousands) December 31, 2021 Expense (Deductions), net Write-Offs 1 March 31, 2022 Allowance for Doubtful Accounts $ 1,933 (211) 103 $ 1,619 1 Amount is net of recoveries and the effect of foreign currency fluctuations for the three months ended March 31, 2022.
Income Taxes	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. The Company uses an estimated annual tax rate to measure the tax benefit or tax expense recognized in each interim period.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards Not Yet Adopted	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. The Company's primary credit facility, which was amended and restated on March 30, 2022, is composed of $450.0 million revolving line of credit and a $450.0 million term loan (the "Amended and Restated Credit Facility"), which matures on March 30, 2027. Borrowings under the Amended and Restated Credit Facility bear interest using Secured Overnight Financing Rate ("SOFR") plus an applicable margin. All other newly issued and effective accounting standards during the first quarter of 2022 were determined to be not relevant or material to the Company.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
Basis of Presentation (Tables)	Mar. 31, 2022
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 three months ended March 31, 2022 are outlined in the table below: Balance at Balance at (in thousands) December 31, 2021 Expense (Deductions), net Write-Offs 1 March 31, 2022 Allowance for Doubtful Accounts $ 1,933 (211) 103 $ 1,619 1 Amount is net of recoveries and the effect of foreign currency fluctuations for the three months ended March 31, 2022.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
Net Income Per Share (Tables)	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following shows a reconciliation of basic net earnings ("EPS") per share to diluted EPS: Three Months Ended (in thousands, except per share amounts) 2022 2021 Net income available to common stockholders $ 94,576 $ 50,387 Basic weighted-average shares outstanding 43,179 43,379 Dilutive effect of potential common stock equivalents — restricted stock units 197 233 Diluted weighted-average shares outstanding 43,376 43,612 Net income per common share: Basic $ 2.19 $ 1.16 Diluted $ 2.18 $ 1.16

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net (Tables)	3 Months Ended
Trade Accounts Receivable, Net (Tables)	Mar. 31, 2022
Receivables [Abstract]
Schedule of trade accounts receivable, net	At March 31, At December 31, (in thousands) 2022 2021 2021 Trade accounts receivable $ 327,054 $ 232,646 $ 237,312 Allowance for doubtful accounts (1,618) (1,776) (1,932) Allowance for sales discounts and returns (5,008) (3,669) (4,359) $ 320,428 $ 227,201 $ 231,021

Inventories (Tables)

Inventories (Tables)	3 Months Ended
Inventories (Tables)	Mar. 31, 2022
Inventory Disclosure [Abstract]
Schedule of carrying values of inventories	At March 31, At December 31, (in thousands) 2022 2021 2021 Raw materials $ 180,431 $ 94,340 $ 191,174 In-process products 36,029 22,678 30,309 Finished products 226,988 179,622 222,273 $ 443,448 $ 296,640 $ 443,756

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
Derivative Instruments (Tables)	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments, Gain (Loss)	The effects of fair value and cash flow hedge accounting on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the period ended March 31, 2022 was as follows: (in thousands) Cost of Goods Sold Interest expense, net and other Total amounts of income and expense line items presented in the Condensed Consolidated Statement of Earnings in which the effects of fair value or cash flow hedges are recorded $ 256,789 $ (428) The effects of fair value and cash flow hedging Gain or (loss) on cash flow hedging relationships Interest contracts: Amount of gain or (loss) reclassified from OCI to earnings — (29) Cross currency swap contract Amount of gain or (loss) reclassified from OCI to earnings — (2,946) Forward contract Amount of gain or (loss) reclassified from OCI to earnings 163 — The effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the period ended March 31 were as follow: Cash Flow Hedging Relationships Gain (Loss) Recognized in OCI Location of Gain (Loss) Reclassified from OCI into Earnings Gain (Loss) Reclassified from OCI into Earnings (in thousands) 2022 2021 2022 2021 Interest rate contracts $ (1,805) $ — Interest expense $ (29) $ — Cross currency contracts (7,548) — Interest expense 21 — FX gain (loss) (2,967) — Forward contracts $ — $ — Cost of goods sold 163 — Total $ (9,353) $ — $ (2,812) $ —

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	3 Months Ended
Property, Plant and Equipment, Net (Tables)	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	At March 31, At December 31, (in thousands) 2022 2021 2021 Land $ 34,591 $ 28,280 $ 28,175 Buildings and site improvements 197,180 201,283 202,393 Leasehold improvements 6,153 7,023 5,995 Machinery, equipment, and software 407,808 385,195 399,079 645,732 621,781 635,642 Less accumulated depreciation and amortization (406,835) (382,907) (402,246) 238,897 238,874 233,396 Capital projects in progress 26,778 16,810 26,473 Total $ 265,675 $ 255,684 $ 259,869

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
Goodwill and Intangible Assets (Tables)	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill, by segment	Goodwill consisted of the following: At March 31, At December 31, (in thousands) 2022 2021 2021 North America $ 96,359 $ 96,340 $ 96,307 Europe 35,864 35,684 36,331 Asia/Pacific 1,428 1,453 1,384 Total $ 133,651 $ 133,477 $ 134,022
Schedule of net intangible assets, by segment	ntangible assets, net, consisted of the following: At March 31, 2022 Gross Net Carrying Accumulated Carrying (in thousands) Amount Amortization Amount North America $ 46,642 $ (27,205) $ 19,437 Europe 26,274 (20,690) 5,584 Total $ 72,916 $ (47,895) $ 25,021 At March 31, 2021 Gross Net (in thousands) Carrying Accumulated Carrying North America $ 40,785 $ (23,724) $ 17,061 Europe 26,347 (18,349) 7,998 Total $ 67,132 $ (42,073) $ 25,059 At December 31, 2021 Gross Net (in thousands) Carrying Accumulated Carrying North America $ 46,643 $ (26,346) $ 20,297 Europe 26,371 (20,399) 5,972 Total $ 73,014 $ (46,745) $ 26,269
Schedule of estimated future amortization of intangible assets	At March 31, 2022, the estimated future amortization of definite-lived intangible assets was as follows: (in thousands) Remaining nine months of 2022 $ 3,553 2023 3,740 2024 2,809 2025 2,523 2026 1,840 2027 1,690 Thereafter 8,250 $ 24,405
Changes in the carrying amount of goodwill and intangible assets	The changes in the carrying amount of goodwill and intangible assets for the three months ended March 31, 2022, were as follows: Intangible (in thousands) Goodwill Assets Balance at December 31, 2021 $ 134,022 $ 26,269 Amortization — (1,149) Foreign exchange (371) (99) Balance at March 31, 2022 $ 133,651 $ 25,021

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Mar. 31, 2022
Leases [Abstract]
Balance Sheet Information	The following table provides a summary of leases included on the condensed consolidated balance sheets as of March 31, 2022 and 2021 and December 31, 2021, condensed consolidated statements of earnings and comprehensive income, and condensed consolidated statements of cash flows for the three months ended March 31, 2022 and 2021, respectively: Condensed Consolidated Balance Sheets Line Item March 31, December 31, (in thousands) 2022 2021 2021 Operating leases Assets Operating leases Operating lease right-of-use assets $ 44,651 $ 44,236 $ 45,438 Liabilities Operating - current Accrued expenses and other current liabilities 8,750 $ 8,941 $ 8,769 Operating - noncurrent Operating lease liabilities 36,336 35,810 37,091 Total operating lease liabilities $ 45,086 $ 44,751 $ 45,860 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ — $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net — (3,188) (3,416) Property and equipment, net Property, plant and equipment, net $ — $ 381 $ 153 Liabilities Other current liabilities Accrued expenses and other current liabilities $ — $ 193 $ — Total finance lease liabilities $ — $ 193 $ —
Lease, Cost	The components of lease expense were as follows: Condensed Consolidated Statements of Earnings and Comprehensive Income Line Item Three Months Ended March 31, (in thousands) 2022 2021 Operating lease cost General administrative expenses and $ 3,128 $ 2,859 Finance lease cost: Amortization of right-of-use General administrative expenses $ — $ 216 Interest on lease liabilities Interest expense, net — 2 Total finance lease $ — $ 218 Other Information Supplemental cash flow information related to leases is as follows: Three Months Ended March 31, (in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 3,097 $ 2,805 Finance cash flows for finance leases — 290 Operating right-of-use assets obtained in exchange for lease 2,196 786 The following table summarizes the Company's lease terms and discount rates as of March 31, 2022 and 2021: Weighted-average remaining lease terms (in years): 2022 2021 Operating leases 6.64 7.13 Finance leases 0.0 0.25 Weighted-average discount rate: Operating leases 5.17 % 5.28 % Finance leases — % 3.5 %
Operating Lease, Liability, Maturity	The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2022: (in thousands) Operating Leases Remaining nine months of 2022 $ 8,438 2023 9,327 2024 7,550 2025 6,005 2026 4,997 Thereafter 16,279 Total lease payments 52,596 Less: Present value discount (7,510) Total lease liabilities $ 45,086
Finance Lease, Liability, Maturity	The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2022: (in thousands) Operating Leases Remaining nine months of 2022 $ 8,438 2023 9,327 2024 7,550 2025 6,005 2026 4,997 Thereafter 16,279 Total lease payments 52,596 Less: Present value discount (7,510) Total lease liabilities $ 45,086

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of performance of reportable segments	The following tables illustrate certain measurements used by management to assess the performance of its reportable segments as of or the following periods: Three Months Ended March 31, (in thousands) 2022 2021 Net Sales North America $ 438,731 $ 300,564 Europe 51,451 44,296 Asia/Pacific 3,388 2,782 Total $ 493,570 $ 347,642 Sales to Other Segments* North America $ 1,134 $ 696 Europe 1,684 1,609 Asia/Pacific 8,567 8,527 Total $ 11,385 $ 10,832 Income (Loss) from Operations ** North America $ 135,727 $ 73,025 Europe (1,370) 2,291 Asia/Pacific 564 425 Administrative and all other (10,484) (7,358) Total $ 124,437 $ 68,383 * Sales to other segments are eliminated in consolidation. ** The Company changed its presentation of its North America and Administrative and all other segment statement of operations to account for allocated expenses and management fees as a separate item below income from operations. Allocated expenses and management fees between the two segments were previously included in operating expenses and in income from operations. At At March 31, December 31, (in thousands) 2022 2021 2021 Total Assets North America $ 1,120,027 $ 1,125,887 $ 1,352,988 Europe 1,034,323 198,363 202,631 Asia/Pacific 32,847 31,831 31,832 Administrative and all other 93,153 (61,354) (103,326) Total $ 2,280,350 $ 1,294,727 $ 1,484,125
Schedule of net sales distributed by product group	The table below illustrates the distribution of the Company’s sales by product group as additional information for the following periods: Three Months Ended March 31, (in thousands) 2022 2021 Wood construction products $ 435,438 $ 301,578 Concrete construction products 57,976 45,523 Other 156 541 Total $ 493,570 $ 347,642

Basis of Presentation - Account

Basis of Presentation - Accounting for Stock-based Compensation (Details)	3 Months Ended
	Mar. 31, 2022
Stock-Based Compensation
Vesting period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period	3 years
Maximum
Stock-Based Compensation
Vesting period	3 years

Basis of Presentation - Dividen

Basis of Presentation - Dividend Declaration (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Dividend Declaration [Abstract]
Cash dividends declared per common share	$ 0.25	$ 0.23

Basis of Presentation - Cash an

Basis of Presentation - Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Cash and Cash Equivalents [Abstract]
Fair value of cash and cash equivalents	$ 32,600	$ 28,200

Basis of Presentation - Accou_2

Basis of Presentation - Accounts Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts Receivable, Allowance for Credit Loss	$ 1,619	$ 1,933
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	(211)
Accounts Receivable, Allowance for Credit Loss, Writeoff	$ 103
Percentage of uncollectible accounts receivable	100.00%

Basis of Presentation - Recentl

Basis of Presentation - Recently Adopted Accounting Standards (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operating lease right-of-use assets	$ 44,651	$ 45,438	$ 44,236
Total operating lease liabilities	45,086	$ 45,860	$ 44,751
Remaining borrowing capacity	$ 204,300

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Details) - ASC 606	3 Months Ended
Revenue from Contracts with Customers (Details) - ASC 606	Mar. 31, 2022	Mar. 31, 2021
Wood construction products
Disaggregation of Revenue [Line Items]
Percentage of net sales	88.00%	87.00%
Concrete construction products
Disaggregation of Revenue [Line Items]
Percentage of net sales	12.00%	13.00%
Other
Disaggregation of Revenue [Line Items]
Percentage of net sales	0.10%

Net Income Per Share - Reconcil

Net Income Per Share - Reconciliation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reconciliation of basic earnings per share ("EPS") to diluted EPS
Net income available to common stockholders	$ 94,576	$ 50,387
Basic weighted-average shares outstanding	43,179	43,379
Dilutive effect of potential common stock equivalents — restricted stock units	197	233
Diluted weighted-average shares outstanding	43,376	43,612
Net income per common share:
Basic	$ 2.19	$ 1.16
Diluted	$ 2.18	$ 1.16

Stockholders' Equity - Shares R

Stockholders' Equity - Shares Repurchases (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)$ / sharesshares
Equity, Class of Treasury Stock [Line Items]
Stock Repurchased During Period, Shares \| shares	194,745
Treasury Stock Acquired, Average Cost Per Share \| $ / shares	$ 109.28
Treasury Stock, Value, Acquired, Par Value Method	$ 21.3
Treasury stock (in shares) \| shares	194,745
2020 Stock Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 78.7
Stock Repurchase Program, Authorized Amount	$ 100

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Stock-Based Compensation
Stock-based compensation expense	$ 4.9	$ 6.5
Vesting period	4 years
Unrecognized compensation costs related to unvested share-based compensation arrangements	$ 31
Weighted-average period for recognition of unrecognized stock-based compensation expense	2 years 7 months 6 days
Restricted Stock Units
Stock-Based Compensation
Awarded (in shares)	112,101
Weighted average granted date fair value (in dollars per share)	$ 120.51
Vesting period	3 years
Phantom Share Units (PSUs)
Stock-Based Compensation
Vesting period	3 years
Employees \| Restricted Stock Units
Stock-Based Compensation
Vesting period	4 years

Trade Accounts Receivable, Ne_2

Trade Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Receivables [Abstract]
Trade accounts receivable	$ 327,054	$ 237,312	$ 232,646
Allowance for doubtful accounts	(1,618)	(1,932)	(1,776)
Allowance for sales discounts and returns	(5,008)	(4,359)	(3,669)
Trade accounts receivable, net	$ 320,428	$ 231,021	$ 227,201

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 180,431	$ 191,174	$ 94,340
In-process products	36,029	30,309	22,678
Finished products	226,988	222,273	179,622
Total inventories	$ 443,448	$ 443,756	$ 296,640

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest contracts:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 700,000
Cross currency swap contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability, Notional Amount	500,000
Forward contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	328,200	$ 9,100
Net Investment Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	(6,800)
Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Gain (loss) by Cash flow Hedging	$ 0

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Effects of Fair Value and Cash Flow Hedge (Details) - Cash Flow Hedging - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Gain (loss) by Cash flow Hedging	$ 0
Amount of loss reclassified from OCI to earnings	(2,812)	$ 0
Gain (Loss) Recognized in OCI	(9,353)	0
Cost of Goods Sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Gain (loss) by Cash flow Hedging	256,789
Amount of gain or (loss) reclassified from OCI to earnings	163
Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Gain (loss) by Cash flow Hedging	(428)
Interest contracts:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	(1,805)	0
Interest contracts: \| Cost of Goods Sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from OCI to earnings	0
Interest contracts: \| Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from OCI to earnings	(29)	0
Cross currency swap contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	(7,548)	0
Cross currency swap contract \| Cost of Goods Sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from OCI to earnings	0
Cross currency swap contract \| Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from OCI to earnings	(2,946)
Amount of gain or (loss) reclassified from OCI to earnings	21	0
Forward contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	0	0
Forward contract \| Cost of Goods Sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from OCI to earnings	163	0
Forward contract \| Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from OCI to earnings	0
Foreign Exchange Contract \| Foreign Currency Gain (Loss)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from OCI to earnings	$ (2,967)	$ 0

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Property, Plant and Equipment
Property, plant and equipment, gross	$ 645,732	$ 635,642	$ 621,781
Less accumulated depreciation and amortization	(406,835)	(402,246)	(382,907)
Property, plant and equipment excluding capital projects in progress, net	238,897	233,396	238,874
Capital projects in progress	26,778	26,473	16,810
Property, plant and equipment, net	265,675	259,869	255,684
Land
Property, Plant and Equipment
Property, plant and equipment, gross	34,591	28,175	28,280
Buildings and site improvements
Property, Plant and Equipment
Property, plant and equipment, gross	197,180	202,393	201,283
Leasehold improvements
Property, Plant and Equipment
Property, plant and equipment, gross	6,153	5,995	7,023
Machinery, equipment, and software
Property, Plant and Equipment
Property, plant and equipment, gross	$ 407,808	$ 399,079	$ 385,195

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Carrying amount of goodwill by reportable segment
Goodwill	$ 133,651	$ 134,022	$ 133,477
North America
Carrying amount of goodwill by reportable segment
Goodwill	96,359	96,307	96,340
Europe
Carrying amount of goodwill by reportable segment
Goodwill	35,864	36,331	35,684
Asia/Pacific
Carrying amount of goodwill by reportable segment
Goodwill	$ 1,428	$ 1,384	$ 1,453

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 1,149	$ 1,700
Acquired finite-lived intangible assets, weighted average useful life	8 years 3 months 18 days
Changes in gross carrying amount of finite-lived intangible assets
Gross carrying amount	$ 72,916	67,132	$ 73,014
Accumulated amortization	(47,895)	(42,073)	(46,745)
Net carrying amount	25,021	25,059	26,269
North America
Changes in gross carrying amount of finite-lived intangible assets
Gross carrying amount	46,642	40,785	46,643
Accumulated amortization	(27,205)	(23,724)	(26,346)
Net carrying amount	19,437	17,061	20,297
Europe
Changes in gross carrying amount of finite-lived intangible assets
Gross carrying amount	26,274	26,347	26,371
Accumulated amortization	(20,690)	(18,349)	(20,399)
Net carrying amount	$ 5,584	$ 7,998	$ 5,972

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Indefinite-lived Intangible Assets [Line Items]
Amortization of intangibles	$ 1,149	$ 1,700
Trade Names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 600

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Estimated Future Amortization (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining nine months of 2022	$ 3,553
2023000	3,740
2024000	2,809
2025000	2,523
2026000	1,840
2027000	1,690
Thereafter	8,250
Total	$ 24,405
Acquired finite-lived intangible assets, weighted average useful life	8 years 3 months 18 days

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets - Carrying Amount of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Goodwill
Balance at the beginning of the period	$ 134,022
Foreign exchange	(371)
Balance at the end of the period	133,651	$ 133,477
Intangible Assets
Balance at the beginning of the period	26,269
Amortization	(1,149)	(1,700)
Foreign exchange	(99)
Balance at the end of the period	$ 25,021	$ 25,059

Leases - Narrative (Details)

Leases - Narrative (Details)	Mar. 31, 2022
Leases [Abstract]
Option to extend term	5 years

Leases - Balance Sheet Informat

Leases - Balance Sheet Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Leases [Abstract]
Operating lease right-of-use assets	$ 44,651	$ 45,438	$ 44,236
Operating - current	8,750	8,769	8,941
Operating - noncurrent	36,336	37,091	35,810
Total operating lease liabilities	45,086	45,860	44,751
Property and equipment, gross	0	3,569	3,569
Accumulated amortization	0	(3,416)	(3,188)
Property and equipment, net	0	153	381
Other current liabilities	0	0	193
Total finance lease liabilities	$ 0	$ 0	$ 193

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating lease cost	$ 3,128	$ 2,859
Amortization of right-of-use assets	0	216
Interest on lease liabilities	0	2
Total finance lease	$ 0	$ 218

Leases - Cash Flow Information

Leases - Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Lease, Cost [Abstract]
Operating cash flows for operating leases	$ 3,097	$ 2,805
Finance cash flows for finance leases	0	290
Operating right-of-use assets obtained in exchange for lease obligations during the current period	$ 2,196	$ 786

Leases - Maturity (Details)

Leases - Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Total finance lease liabilities	$ 0	$ 0	$ 193
Operating Leases
Remaining nine months of 2022	8,438
2023	9,327
2024	7,550
2025	6,005
2026	4,997
Thereafter	16,279
Total lease payments	52,596
Less: Present value discount	(7,510)
Total operating lease liabilities	$ 45,086	$ 45,860	$ 44,751

Leases - Lease Terms and Discou

Leases - Lease Terms and Discount Rates (Details)	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	6 years 7 months 20 days	7 years 1 month 17 days
Finance Lease, Weighted Average Remaining Lease Term	0 years	3 months
Operating Lease, Weighted Average Discount Rate, Percent	5.17%	5.28%
Finance Lease, Weighted Average Discount Rate, Percent	0.00%	3.50%

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	3 Months Ended
Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Debt
Remaining borrowing capacity	$ 204,300
Long term debt, net	670,733	$ 0	$ 0
Line of Credit Facility, Maximum Amount Outstanding During Period	700,000
Line of Credit
Debt
Long-term Line of Credit	450,000
Proceeds from Lines of Credit	450,000
Revolving Credit Facility
Debt
Credit facility, total available credit	450,000
Long-term Line of Credit	450,000
Proceeds from Lines of Credit	250,000
Line of Credit Facility, Increase (Decrease), Net	$ 50,000

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Information
Net sales	$ 493,570	$ 347,642
Income (Loss) from Operations **	124,437	68,383
Total Assets	2,280,350	1,294,727	$ 1,484,125
Cash and cash equivalent	984,372	257,428	301,155
Intersegment elimination
Segment Information
Net sales	11,385	10,832
Administrative and all other
Segment Information
Income (Loss) from Operations **	(10,484)	(7,358)
Total Assets	93,153	(61,354)	(103,326)
Cash and cash equivalent	96,100	248,700	223,500
North America
Segment Information
Net sales	438,731	300,564
Income (Loss) from Operations **	135,727	73,025
Total Assets	1,120,027	1,125,887	1,352,988
North America \| Intersegment elimination
Segment Information
Net sales	1,134	696
Europe
Segment Information
Net sales	51,451	44,296
Income (Loss) from Operations **	(1,370)	2,291
Total Assets	1,034,323	198,363	202,631
Europe \| Intersegment elimination
Segment Information
Net sales	1,684	1,609
Asia/Pacific
Segment Information
Net sales	3,388	2,782
Income (Loss) from Operations **	564	425
Total Assets	32,847	31,831	$ 31,832
Asia/Pacific \| Intersegment elimination
Segment Information
Net sales	$ 8,567	$ 8,527

Segment Information (Details 2)

Segment Information (Details 2) - USD ($) $ in Thousands	3 Months Ended
Segment Information (Details 2) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Net sales and long-lived assets by geographical area
Net sales	$ 493,570	$ 347,642
Wood construction products
Net sales and long-lived assets by geographical area
Net sales	435,438	301,578
Concrete construction products
Net sales and long-lived assets by geographical area
Net sales	57,976	45,523
Other
Net sales and long-lived assets by geographical area
Net sales	156	541
North America
Net sales and long-lived assets by geographical area
Net sales	$ 438,731	$ 300,564

Segment Information (Narrative)

Segment Information (Narrative) (Details) $ in Thousands	3 Months Ended
Segment Information (Narrative) (Details) $ in Thousands	Mar. 31, 2022USD ($)segment	Apr. 01, 2022USD ($)	Dec. 31, 2021USD ($)	Mar. 31, 2021USD ($)
Concentration Risk [Line Items]
Cash and cash equivalents	$ 984,372		$ 301,155	$ 257,428
Number of reportable segments \| segment	3
Administrative and all other
Concentration Risk [Line Items]
Cash and cash equivalents	$ 96,100		$ 223,500	$ 248,700
Foreign Segments \| Subsequent Event
Concentration Risk [Line Items]
Cash and cash equivalents		$ 800,000

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, € in Millions, $ in Millions	May 03, 2022USD ($)$ / shares	Apr. 01, 2022USD ($)	Apr. 01, 2022EUR (€)	Mar. 31, 2022$ / shares	Mar. 31, 2021$ / shares
Subsequent Event [Line Items]
Cash dividends declared per common share				$ 0.25	$ 0.23
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per common share	$ 0.26
Dividends \| $	$ 11.2
Payments to acquire business		$ 800	€ 725