Simpson Manufacturing (SSD) 10-Q10 Aug 222022 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2022	Aug. 08, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		43,166,203
Entity Central Index Key	0000920371
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Current assets
Cash and cash equivalents	$ 246,134	$ 301,155	$ 305,796
Trade accounts receivable, net	375,130	231,021	249,931
Inventories	539,844	443,756	310,254
Other current assets	43,501	22,903	35,722
Total current assets	1,204,609	998,835	901,703
Noncurrent assets
Property, plant and equipment, net	346,184	259,869	255,353
Operating lease right-of-use assets	48,984	45,438	43,374
Goodwill	492,338	134,022	134,121
Intangible assets, net	357,698	26,269	23,749
Other noncurrent assets	35,655	19,692	15,674
Total assets	2,485,468	1,484,125	1,373,974
Current liabilities
Trade accounts payable	112,968	57,215	60,268
Accrued liabilities and other current liabilities	225,928	187,387	172,186
Long-term debt, current portion	22,500	0	0
Total current liabilities	361,396	244,602	232,454
Liabilities, Noncurrent
Operating lease liabilities	39,654	37,091	34,087
Long term debt, net of issuance costs	665,449	0	0
Deferred income tax and other long-term liabilities	134,331	18,434	20,528
Total liabilities	1,200,830	300,127	287,069
Commitments and contingencies (see Note 14)
Stockholders’ equity
Common stock, at par value	433	432	435
Additional paid-in capital	293,720	294,330	289,261
Retained earnings	1,072,959	906,841	822,497
Treasury stock	(46,281)	0	(13,510)
Accumulated other comprehensive loss	(36,193)	(17,605)	(11,778)
Total stockholders’ equity	1,284,638	1,183,998	1,086,905
Total liabilities and stockholders’ equity	$ 2,485,468	$ 1,484,125	$ 1,373,974

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net sales	$ 593,232	$ 410,281	$ 1,086,802	$ 757,922
Cost of sales	333,899	213,835	590,688	399,195
Gross profit	259,333	196,446	496,114	358,727
Operating expenses:
Research and development and other engineering	16,943	14,169	32,809	28,758
Selling	45,074	33,167	81,910	63,990
General and administrative	58,419	47,410	112,192	95,975
Total operating expenses	120,436	94,746	226,911	188,723
Acquisition and integration related costs	5,864	0	12,815	0
Net gain on disposal of assets	(43)	(28)	(1,126)	(108)
Income from operations	133,076	101,728	257,514	170,112
Interest expense, net and other finance costs	(3,372)	(420)	(3,585)	(765)
Other & foreign exchange loss, net	(1,890)	(2,216)	(2,107)	(3,648)
Income before taxes	127,814	99,092	251,822	165,699
Provision for income taxes	34,244	26,609	63,677	42,827
Net income	93,570	72,483	188,145	122,872
Other comprehensive income
Translation adjustment	(27,817)	7,505	(27,819)	(1,759)
Unamortized pension adjustments	860	(102)	689	390
Cash flow hedge adjustment, net of tax	18,489	(7)	8,542	19
Comprehensive net income	$ 85,102	$ 79,879	$ 169,557	$ 121,522
Net income per common share:
Basic	$ 2.17	$ 1.67	$ 4.36	$ 2.83
Diluted	$ 2.16	$ 1.66	$ 4.34	$ 2.82
Number of shares outstanding
Basic	43,145	43,434	43,162	43,406
Diluted	43,240	43,641	43,306	43,620
Cash dividends declared per common share	$ 0.26	$ 0.25	$ 0.51	$ 0.48

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	122,872			122,872
Translation adjustment, net of tax	(1,759)				(1,759)
Pension adjustment and other, net of tax	409				409
Stock-based compensation	9,826		9,826
Shares issued from release of Restricted Stock Units (in shares)		104,000
Shares issued from release of Restricted Stock Units	(5,262)	$ 1	(5,263)
Cash dividends declared on common stock	(20,816)			(20,816)
Common stock issued (in shares)		7,000
Common stock issued	692	$ 1	691
Ending Balance (in shares) at Jun. 30, 2021		43,437,000
Ending Balance at Jun. 30, 2021	1,086,905	$ 435	289,261	822,497	(11,778)	(13,510)
Beginning Balance (in shares) at Mar. 31, 2021		43,430,000
Beginning Balance at Mar. 31, 2021	1,014,509	$ 435	285,896	760,862	(19,174)	(13,510)
Increase (Decrease) in Stockholders' Equity
Net income	72,483			72,483
Translation adjustment, net of tax	7,505				7,505
Pension adjustment and other, net of tax	(109)				(109)
Stock-based compensation	3,365		3,365
Cash dividends declared on common stock	(10,848)			(10,848)
Ending Balance (in shares) at Jun. 30, 2021		43,437,000
Ending Balance at Jun. 30, 2021	1,086,905	$ 435	289,261	822,497	(11,778)	(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	188,145			188,145
Translation adjustment, net of tax	(27,819)				(27,819)
Pension adjustment and other, net of tax	689				689
Cash flow hedges, net of tax	8,542				(8,542)
Stock-based compensation	7,954		7,954
Shares issued from release of Restricted Stock Units (in shares)		137,000
Shares issued from release of Restricted Stock Units	(9,523)	$ 1	(9,524)
Repurchase of common stock (in shares)		(455,000)
Repurchase of common stock	(46,281)					(46,281)
Cash dividends declared on common stock	(22,027)			(22,027)
Common stock issued (in shares)		7,000
Common stock issued	960	$ 0	960
Ending Balance (in shares) at Jun. 30, 2022		42,906,000
Ending Balance at Jun. 30, 2022	1,284,638	$ 433	293,720	1,072,959	(36,193)	(46,281)
Beginning Balance (in shares) at Mar. 31, 2022		43,159,000
Beginning Balance at Mar. 31, 2022	1,231,811	$ 433	289,773	990,611	(27,725)	(21,281)
Increase (Decrease) in Stockholders' Equity
Net income	93,570			93,570
Translation adjustment, net of tax	(27,817)				(27,817)
Pension adjustment and other, net of tax	860				860
Cash flow hedges, net of tax	18,489				18,489
Stock-based compensation	3,947		3,947
Shares issued from release of Restricted Stock Units (in shares)		7,000
Shares issued from release of Restricted Stock Units	0	$ 0	0
Repurchase of common stock (in shares)		(260,000)
Repurchase of common stock	(25,000)					(25,000)
Cash dividends declared on common stock	(11,222)			(11,222)
Ending Balance (in shares) at Jun. 30, 2022		42,906,000
Ending Balance at Jun. 30, 2022	$ 1,284,638	$ 433	$ 293,720	$ 1,072,959	$ (36,193)	$ (46,281)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per common share	$ 0.26	$ 0.25	$ 0.51	$ 0.48
Common stock issued per share for stock bonus (in USD per share)	$ 0	$ 0	$ 139.07	$ 93.45

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net income	$ 188,145	$ 122,872
Adjustments to reconcile net income to net cash provided by operating activities:
Loss/(gain) on sale of assets and other	(1,126)	118
Depreciation and amortization	28,324	22,753
Noncash lease expense	5,430	4,914
Inventory step-up expense	9,236	0
Loss/(gain) in equity method investment, before tax	(229)	2,653
Deferred income taxes	(4,557)	1,144
Noncash compensation related to stock plans	9,528	10,245
Provision of doubtful accounts	223	(377)
Deferred hedge gain	(693)	0
Changes in operating assets and liabilities (net of amounts acquired from ETANCO. see Note 3)
Trade accounts receivable	(88,635)	(84,702)
Inventories	(15,203)	(27,270)
Trade accounts payable	15,668	10,774
Other current assets	(5,834)	(14,802)
Accrued liabilities and other current liabilities	21,904	35,879
Other noncurrent assets and liabilities	(23,730)	(2,569)
Net cash provided by operating activities	138,451	81,632
Cash flows from investing activities
Capital expenditures	(31,829)	(19,296)
Acquisitions, net of cash (see Note 3)	(805,904)	(218)
Equity method investments	(1,170)	(6,829)
Proceeds from sale of property and equipment	1,816	129
Terminated forward contract	3,535	0
Net cash used in investing activities	(833,552)	(26,214)
Cash flows from financing activities
Termination of cash flow hedge	21,252	0
Repurchase of common stock	(46,281)	0
Proceeds from borrowing under lines of credit and term loan	701,083	0
Repayments of lines of credit and capital leases	(6,600)	(384)
Debt issuance costs	(6,804)	0
Dividends paid	(21,596)	(19,956)
Cash paid on behalf of employees for shares withheld	(9,523)	(5,263)
Net cash provided by (used in) financing activities	631,531	(25,603)
Effect of exchange rate changes on cash and cash equivalents	8,549	1,342
Net increase (decrease) in cash and cash equivalents	(55,021)	31,157
Cash and cash equivalents at beginning of period	301,155	274,639
Cash and cash equivalents at end of period	246,134	305,796
Noncash activity during the period
Noncash capital expenditures	1,082	1,462
Dividends declared but not paid	11,223	10,847
Issuance of Company’s common stock for compensation	$ 960	$ 692

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Net income	$ 93,570	$ 72,483	$ 188,145	$ 122,872
Stockholders' Equity Attributable to Parent	1,284,638	1,086,905	1,284,638	1,086,905	$ 1,231,811	$ 1,183,998	$ 1,014,509	$ 980,943
Issuance of Company’s common stock for compensation			960	692
Retained Earnings
Net income	93,570	72,483	188,145	122,872
Stockholders' Equity Attributable to Parent	$ 1,072,959	$ 822,497	$ 1,072,959	$ 822,497	$ 990,611	$ 906,841	$ 760,862	$ 720,441
Common Stock
Common Stock, Shares, Issued	42,906,000	43,437,000	42,906,000	43,437,000	43,159,000	43,217,000	43,430,000	43,326,000
Stockholders' Equity Attributable to Parent	$ 433	$ 435	$ 433	$ 435	$ 433	$ 432	$ 435	$ 433
Issuance of Company’s common stock for compensation			0	1
Additional Paid-in Capital
Stockholders' Equity Attributable to Parent	293,720	289,261	293,720	289,261	289,773	294,330	285,896	284,007
Issuance of Company’s common stock for compensation			960	691
Accumulated Other Comprehensive Income (Loss)
Stockholders' Equity Attributable to Parent	(36,193)	(11,778)	(36,193)	(11,778)	(27,725)	(17,605)	(19,174)	(10,428)
Treasury Stock [Member]
Stockholders' Equity Attributable to Parent	$ (46,281)	$ (13,510)	$ (46,281)	$ (13,510)	$ (21,281)	$ 0	$ (13,510)	$ (13,510)

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 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 of 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 stock 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 values of the interest rate and foreign currency contracts are classified as Level 2 within the fair value hierarchy. The fair values of the Company’s contingent consideration related to acquisitions and equity investments are classified as Level 3 within the fair value hierarchy, as these amounts are based on unobserved inputs such as management estimates and entity-specific assumptions and are evaluated on an ongoing basis. Derivative Instruments 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. Assets and liabilities with the legal right of offset are not offset 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 stockholders' 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 June 30, 2022 and 2021, the value of these investments were $42.4 million and $57.1 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 six months ended June 30, 2022 are outlined in the table below: Balance at Balance at (in thousands) December 31, 2021 Expense (Deductions), net Write-Offs 1 June 30, 2022 Allowance for Doubtful Accounts $ 1,932 223 (56) $ 2,211 1 Amount is net of recoveries and the effect of foreign currency fluctuations. 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 market transition from the London Interbank Offered Rate (“LIBOR”). 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 in lieu of LIBOR. All other newly issued and effective accounting standards during the second quarter of 2022 were determined to be not relevant or material to the Company.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
Revenue from Contracts with Customers	Jun. 30, 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 15. Wood Construction Products Revenue . Wood construction products represented 87%, respectively, of total net sales for the six months ended June 30, 2022 and 2021. Concrete Construction Products Revenue. Concrete construction products represented 13%, respectively, of total net sales for both the six months ended June 30, 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 June 30, 2022, the Company had no contract assets or contract liabilities from contracts with customers .

Acquisitions

Acquisitions	6 Months Ended
Acquisitions	Jun. 30, 2022
Business Combinations [Abstract]
Acquisitions	Acquisition On April 1, 2022, the Company completed its acquisition of 100% of the outstanding equity interest of FIXCO Invest S.A.S. (together with its subsidiaries, "ETANCO") for total purchase consideration of $805.4 million, net of cash acquired (the "Acquisition"). The Acquisition was completed pursuant to the securities purchase agreement dated January 26, 2022, as amended (the “SPA”), by and among the Company, Fastco Investment, Fastco Financing, LRLUX and certain other security holders. The purchase price for the Acquisition was paid using cash on hand and borrowings in the amount of $250.0 million under the revolving credit facility and $450.0 million under the term loan facility. See Note 13 for further information on the Amended and Restated Credit Facility. ETANCO is a manufacturer and distributor of fastener and fixing products headquartered in France and its primary product applications directly align with the addressable markets in which the Company operates. The Acquisition will allow the Company to enter into new commercial building markets such as façades, waterproofing, safety and solar, as well as grow its share of direct business sales in Europe. ETANCO’s results of operations were included in the Company's consolidated financial statements from the date of acquisition. For the period subsequent to the acquisition that is included in both the three months and six months ended June 30, 2022, ETANCO had net sales of $80.3 million and a net loss of $2.0 million, which includes costs related to fair-value adjustments for acquired inventory, amortization of acquired intangible assets, and expenses incurred for integration. The allocation of the purchase price is preliminary and subject to change, including any costs and expenses already recognized, as the Company refines its estimates over the measurement period, which is expected to be finalized by the end of the 2022 fiscal year. Purchase price allocation The Acquisition was accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification 805, Business Combinations (“ASC 805”) which requires, among other things, that assets acquired and liabilities assumed in a business combination be recorded at fair value as of the acquisition date with limited exceptions. Preliminary fair value estimates of the net assets acquired are based upon preliminary calculations and valuations as of April 1, 2022. Due to the timing and significance of the Acquisition, the estimates and assumptions regarding certain tangible assets acquired and liabilities assumed, the valuation of intangible assets acquired, income taxes, contingent liabilities, goodwill and useful lives of intangible assets are subject to change as the Company obtains additional information during the measurement period of up to 12 months from the acquisition date. The preliminary allocation of the $824.4 million purchase price to the estimated fair values of the tangible and intangible assets acquired and liabilities assumed is as follows: (in thousands) Amount Cash and cash equivalents $ 19,010 Trade accounts receivable, net 63,607 Inventory 102,608 Other current assets 4,491 Property and equipment, net 87,156 Operating lease right-of-use assets 6,219 Goodwill 376,908 Intangible assets, net 358,761 Other noncurrent assets 1,428 Total assets 1,020,188 Trade accounts payable 46,467 Accrued liabilities and other current liabilities 21,922 Operating lease liabilities 6,034 Deferred income tax and other long-term liabilities 121,360 Total purchase price $ 824,405 Trade accounts receivable, net The gross amount of trade receivables acquired was approximately $67.4 million, of which $63.6 million is estimated to be recoverable based on ETANCO's historical trend for collections. Inventory Acquired inventory primarily consists of raw materials and finished goods consisting of building and construction materials products. The Company adjusted acquired finished goods higher by $10.9 million to estimated fair value based on expected selling prices less a reasonable amount for selling efforts. The fair value adjustment is recognized as a component of cost of sales over the inventory’s expected turnover period, and as a result, $9.2 million of the adjustment was recognized during the three months ended June 30, 2022. The balance of the adjustment will be recognized in the quarter ended September 30, 2022. Property and equipment, net Acquired property and equipment includes land of $22.3 million, buildings and site improvements of $29.4 million, and machinery, equipment, and software of $35.5 million. The estimated fair value of property and equipment was determined primarily using market and/or or cost approach methodologies. The acquired fair value for buildings and site improvements will depreciate on a straight-line basis over the estimated useful lives of the assets for a period of up to thirty years, Machinery, equipment and software will depreciate on an accelerated basis over an estimated useful life of three Goodwill The excess of purchase price over the net assets acquired is recognized as goodwill and relates to the value that is expected from the acquired assembled workforce as well as the increased scale and synergies resulting from the integration of both businesses. The goodwill recognized from the Acquisition is not deductible for local income tax purposes. Goodwill will be allocated to reporting units within the European reporting segment when the purchase price allocation is finalized during the measurement period. Intangible assets, net The estimated fair value of intangible assets acquired was determined primarily using income approach methodologies. The preliminary values allocated to intangible assets and the useful lives are as follows: (in thousands except useful lives) Weighted-average useful life (in years) Amount Customer relationships 16 $ 220,810 Trade names Indefinite 93,811 Developed technology 12.5 44,140 $ 358,761 The acquired definite-lived intangible assets will be amortized on a straight-line basis over estimated useful lives, which approximates the pattern in which these assets are utilized. The Company recognized $4.2 million of amortization expense on these assets during the three months ended June 30, 2022. Deferred taxes As a result of the increase in fair value of inventory, property and equipment, and intangible assets, deferred tax liabilities of $104.5 million were recognized, primarily due to intangible assets. Acquisition and integration related costs During the three and six months ended June 30, 2022 and the year ended December 31, 2021, the Company incurred acquisition and integration related expenses of $5.9 million, $12.8 million and $2.3 million, respectively. The fiscal 2022 amounts have been included in Acquisition and integration related costs in the Company’s income from operations, while the 2021 amounts were included in Interest expense, net and other. These acquisition and integration related costs consisted of investment banking, legal, accounting, advisory, and consulting fees. Unaudited pro forma results The following unaudited pro forma combined financial information presents estimated results as if the Company acquired ETANCO on January 1, 2021. The unaudited pro forma financial information as presented below is for informational purposes only and does not purport to actually represent what the Company’s combined results of operations would have been had the Acquisition occurred on January 1, 2021, or what those results will be for any future periods. The following unaudited pro forma consolidated financial information has been prepared using the acquisition method of accounting in accordance with U.S. GAAP: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Net sales $ 593,232 $ 498,805 $ 1,165,986 $ 923,579 Net income $ 104,823 $ 79,535 $ 210,772 $ 114,884 Pro forma earnings per common share: Basic $ 2.43 $ 1.83 $ 4.88 $ 2.65 Diluted $ 2.42 $ 1.82 $ 4.87 $ 2.63 Weighted average shares outstanding: Basic 43,145 43,434 43,162 43,406 Diluted 43,240 43,641 43,306 43,620 The unaudited pro forma results above includes the following non-recurring charges to net income: 1) Acquisition and integration related costs of $5.9 million, $6.9 million, and $2.3 million, which were incurred during the three months ended June 30, 2022, March 31, 2022, and December 31, 2021, respectively, were adjusted as if such costs were incurred during the three months ended March 31, 2021. 2) The $9.2 million of amortization related to the fair value adjustment for inventory and recognized during the three months ended June 30, 2022 was adjusted as if incurred during the three months ended March 31, 2021. The unamortized balance is included as an adjustment recognized during the three months ended June 30, 2021. 3) Net income for ETANCO includes adjustments of $0.5 million and $1.8 million to conform ETANCO’s historical financial results prepared under French GAAP to U.S. GAAP for the three and six months ended June 30, 2021, respectively. In addition, $0.4 million in French to U.S. GAAP adjustments were made for the three and six months ended June 30, 2022. The U.S. GAAP adjustments are primarily related to share-based payments expense on awards that were settled prior to the Acquisition, and costs incurred and capitalized by ETANCO on its historical acquisitions.

Net Income Per Share

Net Income Per Share	6 Months Ended
Net Income Per Share	Jun. 30, 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 Six Months Ended (in thousands, except per share amounts) 2022 2021 2022 2021 Net income available to common stockholders $ 93,570 $ 72,483 $ 188,145 $ 122,872 Basic weighted-average shares outstanding 43,145 43,434 43,162 43,406 Dilutive effect of potential common stock equivalents — restricted stock units 95 207 144 214 Diluted weighted-average shares outstanding 43,240 43,641 43,306 43,620 Net income per common share: Basic $ 2.17 $ 1.67 $ 4.36 $ 2.83 Diluted $ 2.16 $ 1.66 $ 4.34 $ 2.82

Stockholders' Equity

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Jun. 30, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Treasury Shares As of June 30, 2022, the Company held 455,030 shares of its common stock as treasury shares. During the six months ended June 30, 2022, the Company repurchased 455,030 shares of the Company's common stock in the open market at an average price of $101.71 per share, for a total of $46.3 million. As of June 30, 2022, approximately $53.7 million remains available for repurchase of shares of the Company's common stock under the previously announced $100.0 million share repurchase authorization (which expires at the end of 2022).

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
Stock-Based Compensation	Jun. 30, 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 $4.7 million and $3.3 million for the three months ended June 30, 2022 and 2021, respectively, and $9.5 million and $9.8 million for the six months ended June 30, 2022 and 2021, respectively. During the six months ended June 30, 2022, the Company granted 112,963 RSUs and PSUs to the Company's employees, including officers at an estimated weighted average fair value of $119.60 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. The Company’s seven non-employee directors are entitled to receive approximately $704 thousand in equity compensation annually. The number of shares ultimately granted are based on the average closing share price for the Company over the 60 day period prior to approval of the award in the second quarter of each year. In May 2022, the Company granted 6,206 shares of the Company's common stock to the non-employee directors, based on the average closing price of $105.50 per share and recognized $655 thousand of expense.

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net	6 Months Ended
Trade Accounts Receivable, Net	Jun. 30, 2022
Receivables [Abstract]
Trade Accounts Receivable, Net	Trade Accounts Receivable, Net Trade accounts receivable consisted of the following: At June 30, At December 31, (in thousands) 2022 2021 2021 Trade accounts receivable $ 382,016 $ 255,077 $ 237,312 Allowance for doubtful accounts (2,211) (1,446) (1,932) Allowance for sales discounts and returns (4,675) (3,700) (4,359) $ 375,130 $ 249,931 $ 231,021

Inventories

Inventories	6 Months Ended
Inventories	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories are as follows: At June 30, At December 31, (in thousands) 2022 2021 2021 Raw materials $ 193,254 $ 101,163 $ 191,174 In-process products 47,141 24,117 30,309 Finished products 299,449 184,974 222,273 $ 539,844 $ 310,254 $ 443,756

Derivative Instruments

Derivative Instruments	3 Months Ended
Derivative Instruments	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The 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. Beginning in March 2022, the Company entered into a forward foreign currency contract expiring in March 2029 to hedge its exposure to adverse foreign currency exchange rate movements for its operations in Europe and elected the spot method for designating this contract as a net investment hedge with the excluded forward point amortized to interest expense. During May 2022, the Company settled the March 2022 forward foreign currency contract for $3.9 million in cash, which included $0.4 million in recognized forward points, terminated the hedge accounting treatment and simultaneously entered into a new forward foreign currency contract expiring in March 2029 with the same notional amount at a new forward rate. The Company also elected the spot method for designating the May 2022 contract as a net investment hedge. The $3.5 million gain recognized on the March 2022 contract excluding recognized forward points is deferred in OCI and will remain in OCI until either the sale or substantially complete liquidation of the hedged subsidiaries. Beginning in March 2022, the Company 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, which was designated as a cash flow hedge. During May 2022, the Company settled the March 2022 cross currency swap for $22.4 million in cash, which was comprised of $21.3 million gain on the swap excluding accrued interest and $1.1 million of net interest income accrued according to the terms of the swap. The Company terminated the hedge accounting treatment and simultaneously entered into a new cross currency swap expiring in March 2029 with a lower notional amount for the US dollar denominated leg at a new US dollar interest rate. An amount of $28.3 million was reclassified out of OCI into earnings to offset the currency loss on the underlying security being hedged resulting in a net $7.0 million hedge accounting reserve balance within OCI, which is being amortized to interest expense in the Condensed Consolidated Statement of Earnings and Comprehensive Income through the termination of the underlying hedged intercompany debt in March 2029. In addition, the Company has converted its domestic U.S. variable rate debt to fixed rate debt using a receive variable, pay fixed interest rate swap expiring March 2027. The interest rate swap contract is also designated as a cash flow hedge. As of June 30, 2022, the aggregate notional amount of the Company's outstanding interest rate contracts, cross currency swap contracts and forward contract were $694.4 million, $465.9 million and $271.9 million, respectively. As of June 30, 2021, the aggregate notional amount of the Company's outstanding forward contracts used to hedge variability in cash flows on its Chinese Yuan denominated purchases were $5.4 million, all of which expired by December 31, 2021. As of June 30, 2022 there were no outstanding forward contracts on its Chinese Yuan denominated purchases. 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 six-months ended June 30, 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 June 30, 2022 was as follows: 2022 2021 (in thousands) Cost of sales Interest expense, net Other & foreign exchange loss, net Cost of sales 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 $ 590,688 $ (3,585) $ (2,107) $ 399,195 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 — (2,978) Cross currency swap contract Amount of gain or (loss) reclassified from OCI to earnings — 1,959 29,124 Forward contract Amount of gain or (loss) reclassified from OCI to earnings 163 200 The effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the three months ended June 30 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 $ 8,681 $ — Interest expense $ (2,949) $ — Cross currency contracts 30,263 — Interest expense 1,938 — FX gain (loss) 32,091 — Forward contracts $ — $ 228 Cost of goods sold 200 Total $ 38,944 $ 228 $ 31,080 $ 200 The effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the six months ended June 30 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 2022 2021 2022 2021 Interest rate contracts $ 6,876 $ — Interest expense $ (2,978) $ — Cross currency contracts 22,715 — Interest expense 1,959 FX gain (loss) 29,124 Forward contracts — 428 Cost of goods sold 163 200 Total $ 29,591 $ 428 $ 28,268 $ 200 For the three and six months ending June 30, 2022, gains on the net investment hedge of $18.1 million and $11.3 million were included in OCI, respectively. For both the three and six months ending June 30, 2022, excluded gains of $1.1 million were reclassified from OCI to interest expense.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	6 Months Ended
Property, Plant and Equipment, Net	Jun. 30, 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 June 30, At December 31, (in thousands) 2022 2021 2021 Land $ 55,279 $ 28,373 $ 28,175 Buildings and site improvements 223,920 202,573 202,393 Leasehold improvements 6,062 5,961 5,995 Machinery, equipment, and software 443,652 392,860 399,079 728,913 629,767 635,642 Less accumulated depreciation and amortization (415,029) (393,653) (402,246) 313,884 236,114 233,396 Capital projects in progress 32,300 19,239 26,473 Total $ 346,184 $ 255,353 $ 259,869

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
Goodwill and Intangible Assets	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill consisted of the following: At June 30, At December 31, (in thousands) 2022 2021 2021 North America $ 96,264 $ 96,393 $ 96,307 Europe 394,761 36,296 36,331 Asia/Pacific 1,313 1,432 1,384 Total $ 492,338 $ 134,121 $ 134,022 Goodwill totaled $492.3 million as of June 30, 2022, including $360.3 million attributable to the ETANCO acquisition. Amortizable intangible assets, net, consisted of the following: At June 30, 2022 Gross Accumulated Net Carrying Amortization Carrying (in thousands) Amount & FX change Amount North America $ 46,642 $ (28,063) $ 18,579 Europe 364,241 (25,122) 339,119 Total $ 410,883 $ (53,185) $ 357,698 At June 30, 2021 Gross Net (in thousands) Carrying Accumulated Carrying North America $ 41,003 $ (24,715) $ 16,288 Europe 26,499 (19,038) 7,461 Total $ 67,502 $ (43,753) $ 23,749 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 $5.3 million and $1.7 million for the three months ended June 30, 2022 and 2021, respectively and was $6.4 million and $3.4 million for the six months ended June 30, 2022 and 2021, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 9.5 years. Indefinite-lived intangible assets totaled $88.9 million as of June 30, 2022, including $88.3 million attributable to trade names acquired in the ETANCO acquisition. At June 30, 2022, the estimated future amortization of definite-lived intangible assets was as follows: (in thousands) Remaining six months of 2022 $ 10,674 2023 20,290 2024 19,384 2025 19,078 2026 18,416 2027 18,286 Thereafter 162,307 $ 268,435 The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2022, were as follows: Intangible (in thousands) Goodwill Assets Balance at December 31, 2021 $ 134,022 $ 26,269 Acquisition of ETANCO 376,908 358,761 Amortization — (6,440) Foreign exchange (18,592) (20,892) Balance at June 30, 2022 $ 492,338 $ 357,698

Leases

Leases	6 Months Ended
Leases	Jun. 30, 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 June 30, 2022 and 2021 and December 31, 2021, condensed consolidated statements of earnings and comprehensive income, and condensed consolidated statements of cash flows for the six months ended June 30, 2022 and 2021, respectively: Condensed Consolidated Balance Sheets Line Item June 30, December 31, (in thousands) 2022 2021 2021 Operating leases Assets Operating leases Operating lease right-of-use assets $ 48,984 $ 43,374 $ 45,438 Liabilities Operating - current Accrued expenses and other current liabilities 9,831 $ 9,777 $ 8,769 Operating - noncurrent Operating lease liabilities 39,654 34,087 37,091 Total operating lease liabilities $ 49,485 $ 43,864 $ 45,860 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ 3,569 $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net (3,556) (3,264) (3,416) Property and equipment, net Property, plant and equipment, net $ 13 $ 305 $ 153 Liabilities Other current liabilities Accrued expenses and other current liabilities $ — $ 48 $ — Total finance lease liabilities $ — $ 48 $ — The components of lease expense were as follows: Condensed Consolidated Statements of Earnings and Comprehensive Income Line Item Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Operating lease cost General administrative expenses and $ 3,364 $ 3,055 $ 6,346 $ 6,017 Finance lease cost: Amortization of right-of-use General administrative expenses $ — $ 107 $ — $ 214 Interest on lease liabilities Interest expense, net — 1 — 2 Total finance lease $ — $ 108 $ — $ 216 Other Information Supplemental cash flow information related to leases is as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 3,296 $ 2,994 $ 6,234 $ 5,905 Finance cash flows for finance leases — 146 — 292 Operating right-of-use assets obtained in exchange for lease 2,936 3,307 5,132 4,093 The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2022: (in thousands) Operating Leases Remaining six months of 2022 $ 6,380 2023 11,105 2024 9,258 2025 7,448 2026 6,035 Thereafter 17,963 Total lease payments 58,189 Less: Present value discount (8,704) Total lease liabilities $ 49,485 The following table summarizes the Company's lease terms and discount rates as of June 30, 2022 and 2021: Weighted-average remaining lease terms (in years): 2022 2021 Operating leases 6.4 6.9 Weighted-average discount rate: Operating leases 4.8 % 5.3 %
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 June 30, 2022 and 2021 and December 31, 2021, condensed consolidated statements of earnings and comprehensive income, and condensed consolidated statements of cash flows for the six months ended June 30, 2022 and 2021, respectively: Condensed Consolidated Balance Sheets Line Item June 30, December 31, (in thousands) 2022 2021 2021 Operating leases Assets Operating leases Operating lease right-of-use assets $ 48,984 $ 43,374 $ 45,438 Liabilities Operating - current Accrued expenses and other current liabilities 9,831 $ 9,777 $ 8,769 Operating - noncurrent Operating lease liabilities 39,654 34,087 37,091 Total operating lease liabilities $ 49,485 $ 43,864 $ 45,860 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ 3,569 $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net (3,556) (3,264) (3,416) Property and equipment, net Property, plant and equipment, net $ 13 $ 305 $ 153 Liabilities Other current liabilities Accrued expenses and other current liabilities $ — $ 48 $ — Total finance lease liabilities $ — $ 48 $ — The components of lease expense were as follows: Condensed Consolidated Statements of Earnings and Comprehensive Income Line Item Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Operating lease cost General administrative expenses and $ 3,364 $ 3,055 $ 6,346 $ 6,017 Finance lease cost: Amortization of right-of-use General administrative expenses $ — $ 107 $ — $ 214 Interest on lease liabilities Interest expense, net — 1 — 2 Total finance lease $ — $ 108 $ — $ 216 Other Information Supplemental cash flow information related to leases is as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 3,296 $ 2,994 $ 6,234 $ 5,905 Finance cash flows for finance leases — 146 — 292 Operating right-of-use assets obtained in exchange for lease 2,936 3,307 5,132 4,093 The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2022: (in thousands) Operating Leases Remaining six months of 2022 $ 6,380 2023 11,105 2024 9,258 2025 7,448 2026 6,035 Thereafter 17,963 Total lease payments 58,189 Less: Present value discount (8,704) Total lease liabilities $ 49,485 The following table summarizes the Company's lease terms and discount rates as of June 30, 2022 and 2021: Weighted-average remaining lease terms (in years): 2022 2021 Operating leases 6.4 6.9 Weighted-average discount rate: Operating leases 4.8 % 5.3 %

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt On March 30, 2022, the Company entered into the Amended and Restated Credit Facility, which 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 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 Acquisition. In addition, the Company incurred $6.8 million of debt issuance costs, which are classified in long-term debt on the condensed consolidating balance sheet, that have been deferred and will amortize 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 Interest expense, net and other 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 the 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 0.68% to 1.53% 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. Based on current principle payment expectations, the annual interest rate on the outstanding debt will be approximately 2.00% over the life of the debt including the effects of the interest rate swap and other derivatives noted above. As of June 30, 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 $203.1 million in available revolving credit lines and an irrevocable standby letter of credit in support of various insurance deductibles. The Company has $694.4 million, excluding deferred financing costs, outstanding under the Amended and Restated Credit Facility, which is the estimated the fair value as of June 30, 2022. There were no outstanding balances under the Amended and Restated Credit Facility as of June 30, 2021, and December 31, 2021. The following is a schedule, by years, of maturities for the remaining term loan facility as of June 30, 2022: (in thousands) 5-Year Term Loan Remaining six months of 2022 $ 11,250 2023 22,500 2024 22,500 2025 22,500 2026 22,500 2027 343,125 Total loan outstanding $ 444,375 The $250.0 million borrowed under the revolving credit facility is due on March 31, 2027. The Company was in compliance with its financial covenants under the Amended and Restated Credit Facility as of June 30, 2022.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Environmental The Company’s policy with regard to environmental liabilities is to accrue for future environmental assessments and remediation costs when information becomes available that indicates that it is probable that the Company is liable for any related claims and assessments and the amount of the liability is reasonably estimable. The Company does not believe that any such matters will have a material adverse effect on the Company’s financial condition, cash flows or results of operations. Litigation and Potential Claims From time to time, the Company is involved in various legal proceedings and other matters arising in the normal course of business. Corrosion, hydrogen embrittlement, cracking, material hardness, wood pressure-treating chemicals, misinstallations, misuse, design and assembly flaws, manufacturing defects, labeling defects, product formula defects, inaccurate chemical mixes, adulteration, environmental conditions, or other factors can contribute to failure of fasteners, connectors, anchors, adhesives, specialty chemicals, such as fiber reinforced polymers, and tool products. In addition, inaccuracies may occur in product information, descriptions and instructions found in catalogs, packaging, data sheets, and the Company’s website. The resolution of any claim or litigation is subject to inherent uncertainty and could have a material adverse effect on the Company’s financial condition, cash flows or results of operations.

Segment Information

Segment Information	6 Months Ended
Segment Information	Jun. 30, 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, which includes ETANCO, 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 June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Net Sales North America $ 456,410 $ 350,557 $ 895,140 $ 651,120 Europe 133,238 56,438 184,689 100,734 Asia/Pacific 3,584 3,286 6,973 6,068 Total $ 593,232 $ 410,281 $ 1,086,802 $ 757,922 Sales to Other Segments* North America $ 1,441 $ 221 $ 2,575 $ 917 Europe 1,271 1,551 2,955 3,160 Asia/Pacific 7,940 5,465 16,506 13,993 Total $ 10,652 $ 7,237 $ 22,036 $ 18,070 Income (Loss) from Operations ** North America $ 137,291 $ 101,190 $ 273,064 $ 174,215 Europe 5,560 5,873 4,189 8,164 Asia/Pacific 100 203 664 628 Administrative and all other (9,875) (5,538) (20,403) (12,895) Total $ 133,076 $ 101,728 $ 257,514 $ 170,112 * Sales to other segments are eliminated in consolidation. ** Beginning in 2022, the Company changed its presentation of its North America and Administrative and all other segment's statement of operations to display allocated expenses and management fees as a separate item below income from operations. During 2021, allocated expenses and management fees between the two segments were previously included in gross profit, operating expenses and in income from operations and been adjusted herein to conform to 2022 presentation. Consolidated income of operations, income before tax and net income for all periods presented below are not affected by the change of operations. At At June 30, December 31, (in thousands) 2022 2021 2021 Total Assets North America $ 1,225,176 $ 1,189,835 $ 1,352,988 Europe 689,621 205,065 202,631 Asia/Pacific 34,981 31,774 31,832 Administrative and all other 535,690 (52,700) (103,326) Total $ 2,485,468 $ 1,373,974 $ 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 $167.4 million, $238.3 million, and $223.5 million, as of June 30, 2022 and 2021, and December 31, 2021, respectively. 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 residential and commercial construction. 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 June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Wood construction products $ 514,832 $ 355,787 $ 950,191 $ 657,365 Concrete construction products 78,209 54,305 136,185 99,828 Other 191 189 426 729 Total $ 593,232 $ 410,281 $ 1,086,802 $ 757,922

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declared On July 27, 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 October 27, 2022, to the Company's stockholders of record on October 6, 2022.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended	6 Months Ended
Basis of Presentation (Policies)	Jun. 30, 2022	Jun. 30, 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 stock 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
Derivative Instruments - Foreign Currency Contracts		Derivative Instruments 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. Assets and liabilities with the legal right of offset are not offset 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 stockholders' 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 June 30, 2022 and 2021, the value of these investments were $42.4 million and $57.1 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 six months ended June 30, 2022 are outlined in the table below: Balance at Balance at (in thousands) December 31, 2021 Expense (Deductions), net Write-Offs 1 June 30, 2022 Allowance for Doubtful Accounts $ 1,932 223 (56) $ 2,211 1 Amount is net of recoveries and the effect of foreign currency fluctuations.
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 market transition from the London Interbank Offered Rate (“LIBOR”). 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 in lieu of LIBOR. All other newly issued and effective accounting standards during the second quarter of 2022 were determined to be not relevant or material to the Company.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
Basis of Presentation (Tables)	Jun. 30, 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 six months ended June 30, 2022 are outlined in the table below: Balance at Balance at (in thousands) December 31, 2021 Expense (Deductions), net Write-Offs 1 June 30, 2022 Allowance for Doubtful Accounts $ 1,932 223 (56) $ 2,211 1 Amount is net of recoveries and the effect of foreign currency fluctuations.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
Acquisitions (Tables)	Jun. 30, 2022
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The preliminary allocation of the $824.4 million purchase price to the estimated fair values of the tangible and intangible assets acquired and liabilities assumed is as follows: (in thousands) Amount Cash and cash equivalents $ 19,010 Trade accounts receivable, net 63,607 Inventory 102,608 Other current assets 4,491 Property and equipment, net 87,156 Operating lease right-of-use assets 6,219 Goodwill 376,908 Intangible assets, net 358,761 Other noncurrent assets 1,428 Total assets 1,020,188 Trade accounts payable 46,467 Accrued liabilities and other current liabilities 21,922 Operating lease liabilities 6,034 Deferred income tax and other long-term liabilities 121,360 Total purchase price $ 824,405 The estimated fair value of intangible assets acquired was determined primarily using income approach methodologies. The preliminary values allocated to intangible assets and the useful lives are as follows: (in thousands except useful lives) Weighted-average useful life (in years) Amount Customer relationships 16 $ 220,810 Trade names Indefinite 93,811 Developed technology 12.5 44,140 $ 358,761
Business Acquisition, Pro Forma Information	The following unaudited pro forma consolidated financial information has been prepared using the acquisition method of accounting in accordance with U.S. GAAP: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Net sales $ 593,232 $ 498,805 $ 1,165,986 $ 923,579 Net income $ 104,823 $ 79,535 $ 210,772 $ 114,884 Pro forma earnings per common share: Basic $ 2.43 $ 1.83 $ 4.88 $ 2.65 Diluted $ 2.42 $ 1.82 $ 4.87 $ 2.63 Weighted average shares outstanding: Basic 43,145 43,434 43,162 43,406 Diluted 43,240 43,641 43,306 43,620

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
Net Income Per Share (Tables)	Jun. 30, 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 Six Months Ended (in thousands, except per share amounts) 2022 2021 2022 2021 Net income available to common stockholders $ 93,570 $ 72,483 $ 188,145 $ 122,872 Basic weighted-average shares outstanding 43,145 43,434 43,162 43,406 Dilutive effect of potential common stock equivalents — restricted stock units 95 207 144 214 Diluted weighted-average shares outstanding 43,240 43,641 43,306 43,620 Net income per common share: Basic $ 2.17 $ 1.67 $ 4.36 $ 2.83 Diluted $ 2.16 $ 1.66 $ 4.34 $ 2.82

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net (Tables)	6 Months Ended
Trade Accounts Receivable, Net (Tables)	Jun. 30, 2022
Receivables [Abstract]
Schedule of trade accounts receivable, net	At June 30, At December 31, (in thousands) 2022 2021 2021 Trade accounts receivable $ 382,016 $ 255,077 $ 237,312 Allowance for doubtful accounts (2,211) (1,446) (1,932) Allowance for sales discounts and returns (4,675) (3,700) (4,359) $ 375,130 $ 249,931 $ 231,021

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Jun. 30, 2022
Inventory Disclosure [Abstract]
Schedule of carrying values of inventories	At June 30, At December 31, (in thousands) 2022 2021 2021 Raw materials $ 193,254 $ 101,163 $ 191,174 In-process products 47,141 24,117 30,309 Finished products 299,449 184,974 222,273 $ 539,844 $ 310,254 $ 443,756

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
Derivative Instruments (Tables)	Jun. 30, 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 June 30, 2022 was as follows: 2022 2021 (in thousands) Cost of sales Interest expense, net Other & foreign exchange loss, net Cost of sales 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 $ 590,688 $ (3,585) $ (2,107) $ 399,195 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 — (2,978) Cross currency swap contract Amount of gain or (loss) reclassified from OCI to earnings — 1,959 29,124 Forward contract Amount of gain or (loss) reclassified from OCI to earnings 163 200 The effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the three months ended June 30 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 $ 8,681 $ — Interest expense $ (2,949) $ — Cross currency contracts 30,263 — Interest expense 1,938 — FX gain (loss) 32,091 — Forward contracts $ — $ 228 Cost of goods sold 200 Total $ 38,944 $ 228 $ 31,080 $ 200 The effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the six months ended June 30 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 2022 2021 2022 2021 Interest rate contracts $ 6,876 $ — Interest expense $ (2,978) $ — Cross currency contracts 22,715 — Interest expense 1,959 FX gain (loss) 29,124 Forward contracts — 428 Cost of goods sold 163 200 Total $ 29,591 $ 428 $ 28,268 $ 200

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	6 Months Ended
Property, Plant and Equipment, Net (Tables)	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	At June 30, At December 31, (in thousands) 2022 2021 2021 Land $ 55,279 $ 28,373 $ 28,175 Buildings and site improvements 223,920 202,573 202,393 Leasehold improvements 6,062 5,961 5,995 Machinery, equipment, and software 443,652 392,860 399,079 728,913 629,767 635,642 Less accumulated depreciation and amortization (415,029) (393,653) (402,246) 313,884 236,114 233,396 Capital projects in progress 32,300 19,239 26,473 Total $ 346,184 $ 255,353 $ 259,869

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
Goodwill and Intangible Assets (Tables)	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill, by segment	Goodwill consisted of the following: At June 30, At December 31, (in thousands) 2022 2021 2021 North America $ 96,264 $ 96,393 $ 96,307 Europe 394,761 36,296 36,331 Asia/Pacific 1,313 1,432 1,384 Total $ 492,338 $ 134,121 $ 134,022
Schedule of net intangible assets, by segment	ntangible assets, net, consisted of the following: At June 30, 2022 Gross Accumulated Net Carrying Amortization Carrying (in thousands) Amount & FX change Amount North America $ 46,642 $ (28,063) $ 18,579 Europe 364,241 (25,122) 339,119 Total $ 410,883 $ (53,185) $ 357,698 At June 30, 2021 Gross Net (in thousands) Carrying Accumulated Carrying North America $ 41,003 $ (24,715) $ 16,288 Europe 26,499 (19,038) 7,461 Total $ 67,502 $ (43,753) $ 23,749 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 June 30, 2022, the estimated future amortization of definite-lived intangible assets was as follows: (in thousands) Remaining six months of 2022 $ 10,674 2023 20,290 2024 19,384 2025 19,078 2026 18,416 2027 18,286 Thereafter 162,307 $ 268,435
Changes in the carrying amount of goodwill and intangible assets	The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2022, were as follows: Intangible (in thousands) Goodwill Assets Balance at December 31, 2021 $ 134,022 $ 26,269 Acquisition of ETANCO 376,908 358,761 Amortization — (6,440) Foreign exchange (18,592) (20,892) Balance at June 30, 2022 $ 492,338 $ 357,698

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jun. 30, 2022
Leases [Abstract]
Balance Sheet Information	The following table provides a summary of leases included on the condensed consolidated balance sheets as of June 30, 2022 and 2021 and December 31, 2021, condensed consolidated statements of earnings and comprehensive income, and condensed consolidated statements of cash flows for the six months ended June 30, 2022 and 2021, respectively: Condensed Consolidated Balance Sheets Line Item June 30, December 31, (in thousands) 2022 2021 2021 Operating leases Assets Operating leases Operating lease right-of-use assets $ 48,984 $ 43,374 $ 45,438 Liabilities Operating - current Accrued expenses and other current liabilities 9,831 $ 9,777 $ 8,769 Operating - noncurrent Operating lease liabilities 39,654 34,087 37,091 Total operating lease liabilities $ 49,485 $ 43,864 $ 45,860 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ 3,569 $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net (3,556) (3,264) (3,416) Property and equipment, net Property, plant and equipment, net $ 13 $ 305 $ 153 Liabilities Other current liabilities Accrued expenses and other current liabilities $ — $ 48 $ — Total finance lease liabilities $ — $ 48 $ —
Lease, Cost	The components of lease expense were as follows: Condensed Consolidated Statements of Earnings and Comprehensive Income Line Item Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Operating lease cost General administrative expenses and $ 3,364 $ 3,055 $ 6,346 $ 6,017 Finance lease cost: Amortization of right-of-use General administrative expenses $ — $ 107 $ — $ 214 Interest on lease liabilities Interest expense, net — 1 — 2 Total finance lease $ — $ 108 $ — $ 216 Other Information Supplemental cash flow information related to leases is as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 3,296 $ 2,994 $ 6,234 $ 5,905 Finance cash flows for finance leases — 146 — 292 Operating right-of-use assets obtained in exchange for lease 2,936 3,307 5,132 4,093 The following table summarizes the Company's lease terms and discount rates as of June 30, 2022 and 2021: Weighted-average remaining lease terms (in years): 2022 2021 Operating leases 6.4 6.9 Weighted-average discount rate: Operating leases 4.8 % 5.3 %
Operating Lease, Liability, Maturity	The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2022: (in thousands) Operating Leases Remaining six months of 2022 $ 6,380 2023 11,105 2024 9,258 2025 7,448 2026 6,035 Thereafter 17,963 Total lease payments 58,189 Less: Present value discount (8,704) Total lease liabilities $ 49,485
Finance Lease, Liability, Maturity	The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2022: (in thousands) Operating Leases Remaining six months of 2022 $ 6,380 2023 11,105 2024 9,258 2025 7,448 2026 6,035 Thereafter 17,963 Total lease payments 58,189 Less: Present value discount (8,704) Total lease liabilities $ 49,485

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Maturities of Long-term Debt	The following is a schedule, by years, of maturities for the remaining term loan facility as of June 30, 2022: (in thousands) 5-Year Term Loan Remaining six months of 2022 $ 11,250 2023 22,500 2024 22,500 2025 22,500 2026 22,500 2027 343,125 Total loan outstanding $ 444,375

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	Jun. 30, 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 June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Net Sales North America $ 456,410 $ 350,557 $ 895,140 $ 651,120 Europe 133,238 56,438 184,689 100,734 Asia/Pacific 3,584 3,286 6,973 6,068 Total $ 593,232 $ 410,281 $ 1,086,802 $ 757,922 Sales to Other Segments* North America $ 1,441 $ 221 $ 2,575 $ 917 Europe 1,271 1,551 2,955 3,160 Asia/Pacific 7,940 5,465 16,506 13,993 Total $ 10,652 $ 7,237 $ 22,036 $ 18,070 Income (Loss) from Operations ** North America $ 137,291 $ 101,190 $ 273,064 $ 174,215 Europe 5,560 5,873 4,189 8,164 Asia/Pacific 100 203 664 628 Administrative and all other (9,875) (5,538) (20,403) (12,895) Total $ 133,076 $ 101,728 $ 257,514 $ 170,112 * Sales to other segments are eliminated in consolidation. ** Beginning in 2022, the Company changed its presentation of its North America and Administrative and all other segment's statement of operations to display allocated expenses and management fees as a separate item below income from operations. During 2021, allocated expenses and management fees between the two segments were previously included in gross profit, operating expenses and in income from operations and been adjusted herein to conform to 2022 presentation. Consolidated income of operations, income before tax and net income for all periods presented below are not affected by the change of operations. At At June 30, December 31, (in thousands) 2022 2021 2021 Total Assets North America $ 1,225,176 $ 1,189,835 $ 1,352,988 Europe 689,621 205,065 202,631 Asia/Pacific 34,981 31,774 31,832 Administrative and all other 535,690 (52,700) (103,326) Total $ 2,485,468 $ 1,373,974 $ 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 June 30, Six Months Ended June 30, (in thousands) 2022 2021 2022 2021 Wood construction products $ 514,832 $ 355,787 $ 950,191 $ 657,365 Concrete construction products 78,209 54,305 136,185 99,828 Other 191 189 426 729 Total $ 593,232 $ 410,281 $ 1,086,802 $ 757,922

Basis of Presentation - Account

Basis of Presentation - Accounting for Stock-based Compensation (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Stock-Based Compensation
Vesting period	60 days	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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Dividend Declaration [Abstract]
Cash dividends declared per common share	$ 0.26	$ 0.25	$ 0.51	$ 0.48

Basis of Presentation - Cash an

Basis of Presentation - Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Cash and Cash Equivalents [Abstract]
Fair value of cash and cash equivalents	$ 42,400	$ 57,100

Basis of Presentation - Accou_2

Basis of Presentation - Accounts Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts Receivable, Allowance for Credit Loss	$ 2,211	$ 1,932
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	223
Accounts Receivable, Allowance for Credit Loss, Writeoff	$ (56)
Percentage of uncollectible accounts receivable	100%

Basis of Presentation - Recentl

Basis of Presentation - Recently Adopted Accounting Standards (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operating lease right-of-use assets	$ 48,984	$ 45,438	$ 43,374
Total operating lease liabilities	49,485	$ 45,860	$ 43,864
Remaining borrowing capacity	$ 203,100

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Details) - ASC 606	3 Months Ended	6 Months Ended
Revenue from Contracts with Customers (Details) - ASC 606	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
Wood construction products
Disaggregation of Revenue [Line Items]
Percentage of net sales		87%	87%
Concrete construction products
Disaggregation of Revenue [Line Items]
Percentage of net sales		13%	13%
Other
Disaggregation of Revenue [Line Items]
Percentage of net sales	0.10%

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
Acquisitions - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Apr. 01, 2022
Acquisitions
Finite-lived Intangible Assets Acquired				$ 358,761
Amortization of Intangible Assets	$ 5,300		$ 1,700	6,440	$ 3,400
Acquisition-related Costs
Acquisitions
Net income	5,900	$ 6,900				$ 2,300
Amortization, Pro Forma
Acquisitions
Net income	9,200
Net Income, Pro Forma With Adjustments
Acquisitions
Net income	400		500	$ 400	1,800
Buildings and site improvements
Acquisitions
Property, Plant and Equipment, Useful Life				30 years
Machinery, equipment, and software \| Minimum
Acquisitions
Property, Plant and Equipment, Useful Life				3 years
Machinery, equipment, and software \| Maximum
Acquisitions
Property, Plant and Equipment, Useful Life				10 years
Revolving Credit Facility
Acquisitions
Proceeds from Lines of Credit	250,000
Credit facility, total available credit	450,000			$ 450,000
ETANCO
Acquisitions
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage							100%
Payments to acquire business				805,400
Business Combination, Consideration Transferred				824,400
Business Combination, Acquired Receivables, Gross Contractual Amount	67,400			67,400
Trade accounts receivable, net	63,607			63,607
Inventory, Finished Goods, Gross	10,900			10,900
Inventory Fair Value Adjustment				9,200
Depreciation	1,400
Amortization of Intangible Assets	4,200
Deferred Taxes, Business Combination				104,500
Business Combination, Integration Related Costs	5,900			12,800		$ 2,300
Net income	104,823		$ 79,535	210,772	$ 114,884
ETANCO \| Land
Acquisitions
Finite-lived Intangible Assets Acquired				22,300
ETANCO \| Buildings and site improvements
Acquisitions
Finite-lived Intangible Assets Acquired				29,400
ETANCO \| Machinery, equipment, and software
Acquisitions
Finite-lived Intangible Assets Acquired				35,500
ETANCO \| ETANCO
Acquisitions
Business Combination, Separately Recognized Transactions, Revenues and Gains Recognized				80,300
Net loss				(2,000)
Trade accounts receivable, net	63,600			63,600
ETANCO \| Revolving Credit Facility
Acquisitions
Proceeds from Lines of Credit				250,000
Credit facility, total available credit	$ 450,000			$ 450,000

Acquisitions - Preliminary Allo

Acquisitions - Preliminary Allocation of Purchase Price (Details) - ETANCO $ in Thousands	Jun. 30, 2022 USD ($)
Acquisitions
Cash and cash equivalents	$ 19,010
Trade accounts receivable, net	63,607
Inventory	102,608
Other current assets	4,491
Property and equipment, net	87,156
Operating lease right-of-use assets	6,219
Goodwill	376,908
Intangible assets, net	358,761
Other noncurrent assets	1,428
Total assets	1,020,188
Trade accounts payable	46,467
Accrued liabilities and other current liabilities	21,922
Operating lease liabilities	6,034
Deferred income tax and other long-term liabilities	121,360
Total purchase price	824,405
ETANCO
Acquisitions
Trade accounts receivable, net	$ 63,600

Acquisitions - Intangible Asset

Acquisitions - Intangible Assets, Net (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Acquisitions
Weighted-average useful life (in years)	9 years 6 months
ETANCO
Acquisitions
Intangible assets, net	$ 358,761
Indefinite and Finite Lived Intangible Assets, Total	$ 358,761
ETANCO \| Customer relationships
Acquisitions
Weighted-average useful life (in years)	16 years
Intangible assets, net	$ 220,810
ETANCO \| Trade names
Acquisitions
Indefinite-Lived Intangible Assets	$ 93,811
ETANCO \| Developed technology
Acquisitions
Weighted-average useful life (in years)	12 years 6 months
Intangible assets, net	$ 44,140

Acquisitions - Pro Forma for Ne

Acquisitions - Pro Forma for Net Income (Details) - ETANCO - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Acquisitions
Net sales	$ 593,232	$ 498,805	$ 1,165,986	$ 923,579
Net income	$ 104,823	$ 79,535	$ 210,772	$ 114,884
Basic (in usd per share)	$ 2.43	$ 1.83	$ 4.88	$ 2.65
Diluted (in usd per share)	$ 2.42	$ 1.82	$ 4.87	$ 2.63
Basic (in shares)	43,145	43,434	43,162	43,406
Diluted (in shares)	43,240	43,641	43,306	43,620

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reconciliation of basic earnings per share ("EPS") to diluted EPS
Net income available to common stockholders	$ 93,570	$ 72,483	$ 188,145	$ 122,872
Basic weighted-average shares outstanding	43,145	43,434	43,162	43,406
Dilutive effect of potential common stock equivalents — restricted stock units	95	207	144	214
Diluted weighted-average shares outstanding	43,240	43,641	43,306	43,620
Net income per common share:
Basic	$ 2.17	$ 1.67	$ 4.36	$ 2.83
Diluted	$ 2.16	$ 1.66	$ 4.34	$ 2.82

Stockholders' Equity - Shares R

Stockholders' Equity - Shares Repurchases (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
Equity, Class of Treasury Stock [Line Items]
Stock Repurchased During Period, Shares \| shares	455,030
Treasury Stock Acquired, Average Cost Per Share \| $ / shares	$ 101.71
Treasury Stock, Value, Acquired, Par Value Method	$ 46.3
Treasury stock (in shares) \| shares	455,030
2020 Stock Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 53.7
Stock Repurchase Program, Authorized Amount	$ 100

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Stock-Based Compensation
Stock-based compensation expense	$ 4,700	$ 3,300	$ 9,500	$ 9,800
Vesting period	60 days		4 years
Unrecognized compensation costs related to unvested share-based compensation arrangements	$ 27,600		$ 27,600
Weighted-average period for recognition of unrecognized stock-based compensation expense			2 years 4 months 24 days
Compensation expense			$ 655
Restricted Stock Units
Stock-Based Compensation
Awarded (in shares)			112,963
Weighted average granted date fair value (in dollars per share)			$ 119.60
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

Stock-Based Compensation Stock-

Stock-Based Compensation Stock-Based Compensation Activity (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) director $ / shares shares	Jun. 30, 2021 USD ($)
Number Of Directors \| director			7,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 27,600,000		$ 27,600,000
Compensation expense			$ 655,000
Share-based Compensation Arrangement by Share-based Payment Award, Description			6,206
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			$ 105.50
Allocated share based compensation expense			704,000
Stock-based compensation expense recognized in operating expenses	$ 4,700,000	$ 3,300,000	$ 9,500,000	$ 9,800,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares			112,963
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares			$ 119.60

Trade Accounts Receivable, Ne_2

Trade Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Receivables [Abstract]
Trade accounts receivable	$ 382,016	$ 237,312	$ 255,077
Allowance for doubtful accounts	(2,211)	(1,932)	(1,446)
Allowance for sales discounts and returns	(4,675)	(4,359)	(3,700)
Trade accounts receivable, net	$ 375,130	$ 231,021	$ 249,931

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 193,254	$ 191,174	$ 101,163
In-process products	47,141	30,309	24,117
Finished products	299,449	222,273	184,974
Total inventories	$ 539,844	$ 443,756	$ 310,254

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	May 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Forward Contract Indexed to Equity, Settlement, Cash, Amount	$ 3,900
Forward Contract Indexed to Equity, Settlement, Forward Points, Amount	400
Cross Currency Swap Indexed to Equity, Settlement, Cash, Amount	22,400
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Accrued Interest, OCI	1,100	$ 1,100		$ 1,100
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	28,300
Hedge Accounting Reserve Balance	7,000
Fair Value Hedge Assets		24,500		24,500
Derivative, Fair Value, Net		7,900		7,900
Other Current Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value Hedge Assets		10,800		10,800
Other Noncurrent Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value Hedge Assets		13,700		13,700
Interest contracts:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount		694,400		694,400
Cross currency swap contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability, Notional Amount		465,900		465,900
Forward contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount		271,900		271,900
Forward contract \| China, Yuan Renminbi
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount		0	$ 5,400	0	$ 5,400
Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	21,300
Forward Points
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI	$ 3,500
Net Investment Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax		18,100		11,300
Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI		38,944	228	29,591	428
Amount of loss reclassified from OCI to earnings		31,080	200	28,268	200
Cash Flow Hedging \| Interest contracts:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI		8,681	0	6,876	0
Cash Flow Hedging \| Interest contracts: \| Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from OCI to earnings		2,949	0	2,978	0
Cash Flow Hedging \| Cross currency swap contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI		30,263	0	22,715	0
Cash Flow Hedging \| Cross currency swap contract \| Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from OCI to earnings		1,938	0	1,959
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net				(1,959)
Cash Flow Hedging \| Cross currency swap contract \| Foreign Currency Gain (Loss)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net				29,124
Cash Flow Hedging \| Forward contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI		0	228	0	428
Cash Flow Hedging \| Forward contract \| Cost of Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from OCI to earnings			200	163	200
Cash Flow Hedging \| Foreign Exchange Contract \| Foreign Currency Gain (Loss)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		$ 32,091	$ 0	$ 29,124

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Effects of Fair Value and Cash Flow Hedge (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net			$ 163	$ 200
Cost of sales	$ 333,899	$ 213,835	590,688	399,195
Other & foreign exchange loss, net	(1,890)	(2,216)	(2,107)	(3,648)
Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from OCI to earnings	(31,080)	(200)	(28,268)	(200)
Gain (Loss) Recognized in OCI	38,944	228	29,591	428
Cash Flow Hedging \| Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Gain (loss) by Cash flow Hedging			(3,585)
Cash Flow Hedging \| Interest contracts:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	8,681	0	6,876	0
Cash Flow Hedging \| Interest contracts: \| Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of loss reclassified from OCI to earnings	(2,949)	0	(2,978)	0
Cash Flow Hedging \| Cross currency swap contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	30,263	0	22,715	0
Cash Flow Hedging \| Cross currency swap contract \| Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from OCI to earnings	1,938	0	1,959
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			(1,959)
Cash Flow Hedging \| Forward contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	$ 0	$ 228	$ 0	$ 428

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Property, Plant and Equipment
Property, plant and equipment, gross	$ 728,913	$ 635,642	$ 629,767
Less accumulated depreciation and amortization	(415,029)	(402,246)	(393,653)
Property, plant and equipment excluding capital projects in progress, net	313,884	233,396	236,114
Capital projects in progress	32,300	26,473	19,239
Property, plant and equipment, net	346,184	259,869	255,353
Land
Property, Plant and Equipment
Property, plant and equipment, gross	55,279	28,175	28,373
Buildings and site improvements
Property, Plant and Equipment
Property, plant and equipment, gross	223,920	202,393	202,573
Leasehold improvements
Property, Plant and Equipment
Property, plant and equipment, gross	6,062	5,995	5,961
Machinery, equipment, and software
Property, Plant and Equipment
Property, plant and equipment, gross	$ 443,652	$ 399,079	$ 392,860

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Carrying amount of goodwill by reportable segment
Goodwill	$ 492,338	$ 134,022	$ 134,121
ETANCO
Carrying amount of goodwill by reportable segment
Goodwill	360,300
North America
Carrying amount of goodwill by reportable segment
Goodwill	96,264	96,307	96,393
Europe
Carrying amount of goodwill by reportable segment
Goodwill	394,761	36,331	36,296
Asia/Pacific
Carrying amount of goodwill by reportable segment
Goodwill	$ 1,313	$ 1,384	$ 1,432

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 5,300	$ 1,700	$ 6,440	$ 3,400
Weighted-average useful life (in years)			9 years 6 months
Changes in gross carrying amount of finite-lived intangible assets
Gross carrying amount	410,883	67,502	$ 410,883	67,502	$ 73,014
Accumulated amortization	(53,185)	(43,753)	(53,185)	(43,753)	(46,745)
Net carrying amount	357,698	23,749	357,698	23,749	26,269
North America
Changes in gross carrying amount of finite-lived intangible assets
Gross carrying amount	46,642	41,003	46,642	41,003	46,643
Accumulated amortization	(28,063)	(24,715)	(28,063)	(24,715)	(26,346)
Net carrying amount	18,579	16,288	18,579	16,288	20,297
Europe
Changes in gross carrying amount of finite-lived intangible assets
Gross carrying amount	364,241	26,499	364,241	26,499	26,371
Accumulated amortization	(25,122)	(19,038)	(25,122)	(19,038)	(20,399)
Net carrying amount	$ 339,119	$ 7,461	$ 339,119	$ 7,461	$ 5,972

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Indefinite-lived Intangible Assets [Line Items]
Amortization of intangibles	$ 5,300	$ 1,700	$ 6,440	$ 3,400
ETANCO
Indefinite-lived Intangible Assets [Line Items]
Amortization of intangibles	4,200
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	88,900		88,900
Trade names \| ETANCO
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 88,300		$ 88,300

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Estimated Future Amortization (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining six months of 2022	$ 10,674
2023000	20,290
2024000	19,384
2025000	19,078
2026000	18,416
2027000	18,286
Thereafter	162,307
Total	$ 268,435
Weighted-average useful life (in years)	9 years 6 months

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets - Carrying Amount of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill
Balance at the beginning of the period			$ 134,022
Foreign exchange			(18,592)
Balance at the end of the period	$ 492,338	$ 134,121	492,338	$ 134,121
Goodwill, Acquired During Period			376,908
Intangible Assets
Balance at the beginning of the period			26,269
Amortization	(5,300)	(1,700)	(6,440)	(3,400)
Foreign exchange			(20,892)
Balance at the end of the period	$ 357,698	$ 23,749	$ 357,698	$ 23,749

Leases - Narrative (Details)

Leases - Narrative (Details)	Jun. 30, 2022
Leases [Abstract]
Option to extend term	5 years

Leases - Balance Sheet Informat

Leases - Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Leases [Abstract]
Operating lease right-of-use assets	$ 48,984	$ 45,438	$ 43,374
Operating - current	9,831	8,769	9,777
Operating - noncurrent	39,654	37,091	34,087
Total operating lease liabilities	49,485	45,860	43,864
Property and equipment, gross	3,569	3,569	3,569
Accumulated amortization	(3,556)	(3,416)	(3,264)
Property and equipment, net	13	153	305
Other current liabilities	0	0	48
Total finance lease liabilities	$ 0	$ 0	$ 48

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease cost	$ 3,364	$ 3,055	$ 6,346	$ 6,017
Amortization of right-of-use assets	0	107	0	214
Interest on lease liabilities	0	1	0	2
Total finance lease	$ 0	$ 108	$ 0	$ 216

Leases - Cash Flow Information

Leases - Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Lease, Cost [Abstract]
Operating cash flows for operating leases	$ 3,296	$ 2,994	$ 6,234	$ 5,905
Finance cash flows for finance leases	0	146	0	292
Operating right-of-use assets obtained in exchange for lease obligations during the current period	$ 2,936	$ 3,307	$ 5,132	$ 4,093

Leases - Maturity (Details)

Leases - Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Total finance lease liabilities	$ 0	$ 0	$ 48
Operating Leases
Remaining six months of 2022	6,380
2023	11,105
2024	9,258
2025	7,448
2026	6,035
Thereafter	17,963
Total lease payments	58,189
Less: Present value discount	(8,704)
Total operating lease liabilities	$ 49,485	$ 45,860	$ 43,864

Leases - Lease Terms and Discou

Leases - Lease Terms and Discount Rates (Details)	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	6 years 4 months 24 days	6 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	4.80%	5.30%

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Debt
Remaining borrowing capacity	$ 203,100		$ 203,100
Long term debt, net of issuance costs	665,449		665,449	$ 0	$ 0
Line of Credit Facility, Maximum Amount Outstanding During Period	694,400
Debt Issuance Costs, Net	$ 6,800		$ 6,800
Debt, Instrument Rate, Over Life of Debt	2%		2%
Minimum \| Secured Debt \| Eurodollar Applicable Margin Rate
Debt
Debt instrument, basis spread on variable rate			0.75%
Minimum \| Secured Debt \| Adjusted Base Rate
Debt
Debt instrument, basis spread on variable rate			0%
Maximum \| Secured Debt \| Eurodollar Applicable Margin Rate
Debt
Debt instrument, basis spread on variable rate			1.75%
Maximum \| Secured Debt \| Adjusted Base Rate
Debt
Debt instrument, basis spread on variable rate			0.75%
Line of Credit
Debt
Long-term Line of Credit	$ 450,000		$ 450,000
Proceeds from Lines of Credit	450,000
Revolving Credit Facility
Debt
Credit facility, total available credit	450,000		450,000
Long-term Line of Credit	450,000		$ 450,000
Proceeds from Lines of Credit	250,000
Line of Credit Facility, Increase (Decrease), Net	$ 50,000
Revolving Credit Facility \| Line of Credit
Debt
Debt Instrument, Term		5 years
Revolving Credit Facility \| Secured Debt
Debt
Debt Instrument, Term		5 years
Revolving Credit Facility \| Minimum \| Line of Credit
Debt
Commitment fee percentage			0.10%
Revolving Credit Facility \| Minimum \| Line of Credit \| Eurodollar Applicable Margin Rate
Debt
Debt instrument, basis spread on variable rate			0%
Revolving Credit Facility \| Minimum \| Line of Credit \| Daily Simple RFR
Debt
Debt instrument, basis spread on variable rate			0.65%
Revolving Credit Facility \| Minimum \| Line of Credit \| Daily Simple RFR \| United Kingdom, Pounds
Debt
Debt instrument, basis spread on variable rate			0.68%
Revolving Credit Facility \| Maximum \| Line of Credit
Debt
Commitment fee percentage			0.25%
Revolving Credit Facility \| Maximum \| Line of Credit \| Eurodollar Applicable Margin Rate
Debt
Debt instrument, basis spread on variable rate			0.50%
Revolving Credit Facility \| Maximum \| Line of Credit \| Daily Simple RFR
Debt
Debt instrument, basis spread on variable rate			1.50%
Revolving Credit Facility \| Maximum \| Line of Credit \| Daily Simple RFR \| United Kingdom, Pounds
Debt
Debt instrument, basis spread on variable rate			1.53%

Debt - Schedule of Maturity (De

Debt - Schedule of Maturity (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Line of Credit Facility [Line Items]
Remaining six months of 2022	$ 11,250
2023	22,500
2024	22,500
2025	22,500
2026	22,500
2027	343,125
Total loan outstanding	$ 444,375

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Information
Net sales	$ 593,232	$ 410,281	$ 1,086,802	$ 757,922
Income (Loss) from Operations **	133,076	101,728	257,514	170,112
Total Assets	2,485,468	1,373,974	2,485,468	1,373,974	$ 1,484,125
Cash and cash equivalent	246,134	305,796	246,134	305,796	301,155
Intersegment elimination
Segment Information
Net sales	10,652	7,237	22,036	18,070
Administrative and all other
Segment Information
Income (Loss) from Operations **	(9,875)	(5,538)	(20,403)	(12,895)
Total Assets	535,690	(52,700)	535,690	(52,700)	(103,326)
Cash and cash equivalent	167,400	238,300	167,400	238,300	223,500
North America
Segment Information
Net sales	456,410	350,557	895,140	651,120
Income (Loss) from Operations **	137,291	101,190	273,064	174,215
Total Assets	1,225,176	1,189,835	1,225,176	1,189,835	1,352,988
North America \| Intersegment elimination
Segment Information
Net sales	1,441	221	2,575	917
Europe
Segment Information
Net sales	133,238	56,438	184,689	100,734
Income (Loss) from Operations **	5,560	5,873	4,189	8,164
Total Assets	689,621	205,065	689,621	205,065	202,631
Europe \| Intersegment elimination
Segment Information
Net sales	1,271	1,551	2,955	3,160
Asia/Pacific
Segment Information
Net sales	3,584	3,286	6,973	6,068
Income (Loss) from Operations **	100	203	664	628
Total Assets	34,981	31,774	34,981	31,774	$ 31,832
Asia/Pacific \| Intersegment elimination
Segment Information
Net sales	$ 7,940	$ 5,465	$ 16,506	$ 13,993

Segment Information (Details 2)

Segment Information (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details 2) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net sales and long-lived assets by geographical area
Net sales	$ 593,232	$ 410,281	$ 1,086,802	$ 757,922
Wood construction products
Net sales and long-lived assets by geographical area
Net sales	514,832	355,787	950,191	657,365
Concrete construction products
Net sales and long-lived assets by geographical area
Net sales	78,209	54,305	136,185	99,828
Other
Net sales and long-lived assets by geographical area
Net sales	191	189	426	729
North America
Net sales and long-lived assets by geographical area
Net sales	$ 456,410	$ 350,557	$ 895,140	$ 651,120

Segment Information (Narrative)

Segment Information (Narrative) (Details) $ in Thousands	6 Months Ended
Segment Information (Narrative) (Details) $ in Thousands	Jun. 30, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)
Concentration Risk [Line Items]
Cash and cash equivalents \| $	$ 246,134	$ 301,155	$ 305,796
Number of reportable segments \| segment	3
Number of Operating Segments \| segment	2
Administrative and all other
Concentration Risk [Line Items]
Cash and cash equivalents \| $	$ 167,400	$ 223,500	$ 238,300

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
	Jul. 27, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Subsequent Event [Line Items]
Cash dividends declared per common share		$ 0.26	$ 0.25	$ 0.51	$ 0.48
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per common share	$ 0.26
Dividends	$ 11.2