Simpson Manufacturing (SSD) 10-K28 Feb 232022 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2022	Feb. 24, 2023	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	1-13429
Entity Registrant Name	Simpson Manufacturing Co., Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3196943
Entity Address, Address	5956 W. Las Positas Blvd
Entity Address, City or Town	Pleasanton
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94588
City Area Code	925
Local Phone Number	560-9000
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	SSD
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 4,342,946,050
Entity Common Stock, Shares Outstanding		42,662,967
Entity Central Index Key	0000920371
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
ICFR Auditor Attestation Flag	true
Documents Incorporated by Reference	Portions of the registrant's definitive Proxy Statement for its 2023 annual meeting of stockholders (the "2023 Annual Meeting") are incorporated herein by reference in Part III of this Annual Report on Form 10-K to the extent stated herein. Such Proxy Statement will be filed with the Securities and Exchange Commission (the "SEC") within 120 days of the registrant's fiscal year ended December 31, 2022.

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	Grant Thornton LLP
Auditor Location	San Francisco, California
Auditor Firm ID	248

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Cash and cash equivalents	$ 300,742	$ 301,155
Trade accounts receivable, net	269,124	231,021
Inventories	556,801	443,756
Other current assets	52,583	22,903
Total current assets	1,179,250	998,835
Property, plant and equipment, net	361,555	259,869
Operating lease right-of-use assets	57,652	45,438
Goodwill	495,672	134,022
Intangible assets, net	362,917	26,269
Other noncurrent assets	46,925	19,692
Total assets	2,503,971	1,484,125
Trade accounts payable	97,841	57,215
Accrued liabilities and other current liabilities	228,222	187,387
Long-term Debt, Current Maturities	22,500	0
Total current liabilities	348,563	244,602
Long-term Line of Credit, Noncurrent	554,539	0
Operating lease liabilities	46,882	37,091
Deferred income tax and other long-term liabilities	140,608	18,434
Total liabilities	1,090,592	300,127
Commitments and contingencies (see Note 15)
Common Stock, Value, Issued	425	432
Additional paid-in capital	298,983	294,330
Retained earnings	1,118,030	906,841
Accumulated other comprehensive loss	(4,059)	(17,605)
Total stockholders’ equity	1,413,379	1,183,998
Total liabilities and stockholders’ equity	$ 2,503,971	$ 1,484,125

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0	$ 0.01
Preferred stock, authorized shares (in shares)	0	5,000
Preferred stock, issued shares (in shares)	0	0
Preferred stock, outstanding shares (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares (in shares)	160,000,000	160,000,000
Common stock, issued shares (in shares)	43,217,000	43,326,000
Common stock, outstanding shares (in shares)	43,217,000	43,326,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net sales	$ 2,116,087	$ 1,573,217	$ 1,267,945
Cost of sales	1,174,794	818,187	691,561
Gross profit	941,293	755,030	576,384
Operating expenses:
Research and development and other engineering	68,354	59,381	50,807
Selling	169,378	135,004	112,517
General and administrative	228,468	193,176	161,029
Total operating expenses	466,200	387,561	324,353
Acquisition and integration related costs	17,343	0	0
Net gain on disposal of assets	(1,317)	(324)	(332)
Income from operations	459,067	367,793	252,363
Interest expense, net and other	(7,594)	(1,386)	(2,012)
Other & foreign exchange loss, net	(3,408)	(7,858)	(787)
Income before taxes	(448,065)	(358,549)	(249,564)
Provision for income taxes	114,070	92,102	62,564
Net income	333,995	266,447	187,000
Other comprehensive income
Translation adjustment	(20,733)	(7,313)	14,172
Unamortized pension adjustments, net of tax	2,065	404	(161)
Cash flow hedge adjustment, net of tax	32,214	(268)	390
Comprehensive income	$ 347,541	$ 259,270	$ 201,401
Net income per common share:
Earnings per share, basic (in shares)	$ 7.78	$ 6.15	$ 4.28
Earnings per share, diluted (in shares)	$ 7.76	$ 6.12	$ 4.27
ETANCO [Member]
Weighted average number of shares of common stock outstanding
Basic (in shares)	42,925	43,325	43,709
Diluted (in shares)	43,047	43,532	43,841

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Balance at Dec. 31, 2019	$ 891,957	$ 442	$ 280,216	$ 645,507	$ (24,829)	$ (9,379)
Balance (ASC 606) at Dec. 31, 2019	390				390
Balance (in shares) at Dec. 31, 2019		44,209
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	187,000			187,000
Translation adjustment	14,172				14,172
Pension adjustment, net of tax	(161)				(161)
Stock-based compensation expense	11,410		11,410
Repurchase of common stock	(76,189)		0			(76,189)
Repurchase of common stock (in shares)		(1,053)
Retirement of common stock	0	$ (10)		(72,048)		72,058
Cash dividends declared on common stock	(40,018)			(40,018)
Shares issued from release of restricted stock units	(7,959)	$ 1	(7,960)
Shares issued from release of restricted stock units (in shares)		166
Common stock issued (in dollars per share)		4
Common stock issued (in dollars)	341		341
Balance at Dec. 31, 2020	980,943	$ 433	284,007	720,441	(10,428)	(13,510)
Balance (in shares) at Dec. 31, 2020		43,326
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	266,447			266,447
Translation adjustment	(7,313)				(7,313)
Pension adjustment, net of tax	404				404
Derivative instrument adjustment, net of tax	(268)				(268)
Stock-based compensation expense	15,029		15,029
Repurchase of common stock	(24,125)		0			(24,125)
Repurchase of common stock (in shares)		(222)
Retirement of common stock	0	$ (3)		(37,632)		37,635
Cash dividends declared on common stock	(42,415)			(42,415)
Shares issued from release of restricted stock units	(5,395)	$ 2	(5,397)
Shares issued from release of restricted stock units (in shares)		106
Common stock issued (in dollars per share)		7
Common stock issued (in dollars)	691		691
Balance at Dec. 31, 2021	$ 1,183,998	$ 432	294,330	906,841	(17,605)	0
Balance (in shares) at Dec. 31, 2021	43,326	43,217
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 333,995			333,995
Translation adjustment	(20,733)				(20,733)
Pension adjustment, net of tax	2,065				2,065
Derivative instrument adjustments, net of tax	32,214				32,214
Stock-based compensation expense	12,422		12,422
Repurchase of common stock	(78,622)					(78,622)
Repurchase of common stock (in shares)		(811)
Retirement of common stock	0	$ (8)		(78,614)		78,622
Cash dividends declared on common stock	(44,192)			(44,192)
Shares issued from release of restricted stock units	(9,552)	$ 1	(9,553)
Shares issued from release of restricted stock units (in shares)		138
Common stock issued (in dollars per share)		16
Common stock issued (in dollars)	1,784		1,784
Balance at Dec. 31, 2022	$ 1,413,379	$ 425	$ 298,983	$ 1,118,030	$ (4,059)	$ 0
Balance (in shares) at Dec. 31, 2022	43,217	42,560

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 1.03	$ 0.98	$ 0.92
Common stock issued, price per share (in dollars per share)	$ 0	$ 93.45	$ 88.31

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities
Net income	$ 333,995	$ 266,447	$ 187,000
Adjustments to reconcile net income to net cash provided by operating activities:
Gain (Loss) on Disposition of Property Plant Equipment	1,317	160	332
Depreciation and amortization	60,890	42,477	38,767
Noncash lease expense	11,327	9,562	6,984
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory	13,572	0	0
Equity Method Investment, Realized Gain (Loss) on Disposal	914	(2,276)	(14)
Deferred income taxes	(13,156)	(915)	3,179
Share-based Payment Arrangement, Noncash Expense	14,980	17,715	13,507
Provision for (benefit from ) doubtful accounts	1,146	393	(98)
Foreign Currency Transaction Gain, before Tax	(2,690)	0	0
Changes in operating assets and liabilities, (net of amounts acquired from ETANCO see Note 3)
Trade accounts receivable	19,763	(67,993)	(22,107)
Inventories	(28,421)	(164,202)	(27,219)
Other current assets	(6,107)	(1,951)	(845)
Trade accounts payable	(4,016)	10,235	11,360
Accrued liabilities and other current liabilities	20,394	50,548	7,754
Other noncurrent assets and liabilities	(19,625)	(13,137)	(10,392)
Net cash provided by operating activities	399,821	151,295	207,572
Cash flows from investing activities
Capital expenditures	(62,362)	(43,738)	(32,579)
Acquisitions, net of cash acquired (See Note 3)	(805,904)	(218)	(2,797)
Purchases of intangible assets	(4,861)	(5,856)	(5,330)
Purchases of Equity investments	(3,178)	(9,829)	0
Termination forward contracts	3,535	0	0
Proceeds from sale of property and equipment	2,526	836	853
Net cash used in investing activities	(870,244)	(58,805)	(39,853)
Cash flows from financing activities
Proceeds from lines of credit	717,268	16,752	169,164
Repayments of line of credit and capital leases	(134,120)	(16,408)	(170,680)
Termination of cash flow hedge	21,252	0	0
Debt issuance costs	(6,804)	(819)	(712)
Repurchase of common stock	(78,622)	(24,125)	(76,189)
Dividends paid	(43,895)	(41,619)	(40,400)
Cash paid on behalf of employees for shares withheld	(9,553)	(5,397)	(7,960)
Net Cash Provided by (Used in) Financing Activities, Total	465,526	(71,616)	(126,777)
Effect of exchange rate changes on cash	4,484	5,642	3,487
Net increase (decrease) in cash and cash equivalents	(413)	26,516	44,429
Cash and cash equivalents at beginning of year	301,155	274,639	230,210
Cash and cash equivalents at end of year	300,742	301,155	274,639
Cash paid during the year for
Interest	17,028	1,597	1,598
Income taxes	113,208	83,662	63,035
Noncash activity during the year for
Noncash capital expenditures	1,671	99	3,719
Contingent consideration for intangible acquisition	6,500	0	547
Issuance of Company’s common stock for compensation	960	691	341
Dividends declared but not paid	11,223	10,806	9,999
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory	13,572	0	0
Equity Method Investment, Realized Gain (Loss) on Disposal	$ (914)	$ 2,276	$ 14

Operations and Summary of Signi

Operations and Summary of Significant Accounting Policies	12 Months Ended
Operations and Summary of Significant Accounting Policies	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operations and Summary of Significant Accounting Policies	Operations and Summary of Significant Accounting Policies Nature of Operations Simpson Manufacturing Co., Inc., through Simpson Strong-Tie Company Inc. and its other subsidiaries (collectively, the “Company”), focuses on designing, manufacturing, and marketing systems and products to make buildings and structures safe and secure. The Company designs, engineers and is a leading manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder actuated tools and fiber reinforcing materials. The Company markets its products to the residential construction, industrial, commercial and infrastructure construction, remodeling and do-it-yourself markets. The Company operates exclusively in the building products industry. The Company’s products are sold primarily in the U.S., Canada, Europe and Pacific Rim. A significant portion of the Company’s business is dependent on economic activity within the North America segment. The Company's business is also dependent on the availability of steel, its primary raw material. Principles of Consolidation The accompanying consolidated financial statements include the accounts of Simpson Manufacturing Co., Inc. and its subsidiaries. Investments in 50% or less owned entities are accounted for using either cost or the equity method. All significant intercompany transactions have been eliminated. Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management believes that these consolidated financial statements include all normal and recurring adjustments necessary for a fair presentation under GAAP. Cash Equivalents The Company classifies investments that are highly liquid and have maturities of three months or less at the date of purchase as cash equivalents. As of December 31, 2022, and 2021, the value of these investments was $125.1 million and $26.4 million, respectively, consisting of U.S. Treasury securities and money market funds. The value of the investments is based on cost, which approximates fair value based on Level 1 inputs. Current Estimated Credit Loss - Allowance for doubtful accounts The Company maintains an allowance for doubtful accounts receivable for estimated future expected credit losses resulting from customers' failure to make payments on its accounts receivable. The Company determines the estimate of the allowance for doubtful accounts receivable by considering several factors, including (1) specific information on the financial condition and the current creditworthiness of customers, (2) credit rating, (3) payment history and historical experience, (4) aging of the accounts receivable, and (5) reasonable and supportable forecasts about collectability. The Company also reserves 100% of the amounts deemed uncollectible due to a customer's deteriorating financial condition or bankruptcy. Every quarter, the Company evaluates the customer group using the accounts receivable aging report and its best judgment when considering changes in customers' credit ratings, level of delinquency, customers' historical payments and loss experience, current market and economic conditions, and expectations of future market and economic conditions. The changes in the allowance for doubtful accounts receivable for the year ended December 31, 2022 are outlined in the table below: Balance Balance (in thousands) December 31, 2021 Expense (Deductions), net Write-Offs 1 December 31, 2022 Allowance for Doubtful Accounts $ 1,933 $ 1,663 $ 356 $ 3,240 1 Amount is net of recoveries and the effect of foreign currency fluctuations for the year ended December 31, 2022 Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash in banks, short-term investments in money market funds and trade accounts receivable. The Company maintains its cash on demand deposit and in money market accounts held in 31 banks, and at times these cash and investments may be in excess of amounts insured by the Federal Deposit Insurance Corporation (FDIC). However, we have not experienced any losses on these accounts. Inventory Valuation Inventories are stated at the lower of cost or net realizable value. Cost includes all costs incurred in bringing each product to its present location and condition, as follows: • Raw materials and purchased finished goods for resale — principally valued at a cost determined on a weighted average basis; and • In-process products and finished goods — the cost of direct materials and labor plus attributable overhead based on a normal level of activity. The Company applies net realizable value and makes estimates for obsolescence to the gross value of the inventory. Estimated net realizable value is based on estimated selling price less further costs to completion and disposal. The Company impairs slow-moving products by comparing inventories on hand to projected demand. If the on-hand supply of a product exceeds projected demand or if the Company believes the product is no longer marketable, the product is considered obsolete inventory. The Company revalues obsolete inventory to its net realizable value and has consistently applied this methodology. When impairments are established, a new cost basis for the inventory is created. An unexpected change in market demand, building codes or buyer preferences could reduce the rate of inventory turnover and require the recognition of more obsolete inventory. Other Current Assets Other current assets, which are less than 5% of current assets, consist primarily of prepaid expenses, derivative assets-current, and other miscellaneous assets. Warranties and recalls The Company provides product warranties for specific product lines and records estimated expenses in the period in which the recall occurs, none of which has been material to the consolidated financial statements. In a limited number of circumstances, the Company may also agree to indemnify customers against legal claims made against those customers by the end users of the Company’s products. Historically, payments made by the Company, if any, under such agreements have not had a material effect on its consolidated statement of operations, cash flows or financial position. Equity Investments The Company accounts for investments and ownership interests under equity method accounting when it has the ability to exercise significant influence but does not have a controlling financial interest. The Company records its interest in the net earnings of its equity method investees, along with adjustments for unrealized profits or losses within earnings or loss from equity interests in the consolidated statement of operations. The investment is reviewed for impairment whenever factors indicate the carrying amount might not be recoverable and the decrease in value, if any, is recognized in the period the impairment occurs in the consolidated statement of operations. Fair Value of Financial Instruments Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or a liability. Assets and liabilities recorded at fair value are measured and classified under a three-tier fair valuation hierarchy based on the observability of the inputs available in the market: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument; and Level 3 inputs are unobservable inputs based on the Company’s assumptions used to measure assets and liabilities at fair value. The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The carrying amounts of trade accounts receivable, accounts payable, accrued liabilities and other current liabilities approximate fair value due to the short-term nature of these instruments. The fair 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. The following tables summarize the financial assets and financial liabilities measured at fair value for the Company as of December 31, 2022 and 2021: 2022 2021 (in millions) Level 1 Level 2 Level 3 Level 1 Cash equivalents (1) $ 125.1 $ — $ — $ 26.4 Term loan due 2027 (2) — 433.1 — — Revolver due 2027 (2) — 150.0 — — Derivative instruments - assets (3) — 43.9 — — Derivative instruments - liabilities (3) — 8.0 — — Contingent considerations — — 6.5 — (1) The carrying amounts of cash equivalents, representing government and other money market funds traded in an active market with relatively short maturities, are reported on the consolidated balance sheet as of December 31, 2022 and 2021 as a component of "Cash and cash equivalents". (2) The carrying amounts of our term loan and revolver approximate fair value as of December 31, 2022 based upon their terms and conditions as disclosed in Note 14 in comparison to debt instruments with similar terms and conditions available on the same date. (3) Derivatives for interest rate, foreign exchange and forward swap contracts are discussed in Note 9. 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 consolidated balance sheets. Assets and liabilities with the legal right of offset are not offset in the 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 consolidated balance sheets; and are reclassified into the line item in the consolidated statement of operations 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. Business Combinations and Asset Acquisitions Business combinations are accounted for under the acquisition method in accordance with ASC 805, Business Combinations. The acquisition method requires identifiable assets acquired and liabilities assumed and any noncontrolling interest in the business acquired be recognized and measured at fair value on the acquisition date, which is the date that the acquirer obtains control of the acquired business. The amount by which the fair value of consideration transferred as the purchase price exceeds the net fair value of assets acquired and liabilities assumed is recorded as goodwill. Acquisitions that do not meet the definition of a business under the ASC are accounted for as an acquisition of assets, whereby all of the cost of the individual assets acquired and liabilities assumed, including certain transactions costs, are allocated on a relative fair value basis. Accordingly, goodwill is never recognized in an asset acquisition. Property, Plant and Equipment Property, plant and equipment are carried at cost. Major renewals and betterments are capitalized while maintenance and repairs are expensed as incurred. When assets are sold or retired, their costs and accumulated depreciation are removed from the accounts, and the resulting gains or losses are reflected in the consolidated statements of operations. The “Intangibles—Goodwill and Other” topic of the FASB ASC provides guidance on capitalization of the costs incurred for computer software developed or obtained for internal use. The Company capitalizes qualified external costs and internal costs related to the purchase and implementation of software projects used for business operations and engineering design activities. Capitalized software costs primarily include purchased software, internal costs and external consulting fees. Capitalized software projects are amortized over the estimated useful lives of the software. Depreciation and Amortization Software, including amounts capitalized for internally developed software is amortized on a straight-line basis over an estimated useful life of three three Preferred Stock The Company’s Board of Directors has the authority to issue authorized and unissued preferred stock in one or more series with such designations, rights and preferences as may be determined from time to time by the Board of Directors. Accordingly, the Board of Directors is empowered, without stockholder approval, to issue preferred stock with dividend, redemption, liquidation, conversion, voting or other rights that could adversely affect the voting power or other rights of the holders of the Company’s common stock. Common Stock Subject to the rights of holders of any preferred stock that may be issued in the future, holders of common stock are entitled to receive dividends, if any, as may be declared from time to time by the Board of Directors out of legally available funds, and in the event of liquidation, dissolution or winding-up of the Company, to share ratably in all assets available for distribution. The holders of common stock have no preemptive or conversion rights. Subject to the rights of any preferred stock that may be issued in the future, the holders of common stock are entitled to one vote per share on any matter submitted to a vote of the stockholders. A director in an uncontested election is elected if the votes cast “for” such director’s election exceed the votes cast “against” such director’s election, except that, if a stockholder properly nominates a candidate for election to the Board of Directors, the candidates with the highest number of affirmative votes (up to the number of directors to be elected) are elected. There are no redemption or sinking fund provisions applicable to common stock. Comprehensive Income or Loss Comprehensive income is defined as net income plus other comprehensive income or loss. Other comprehensive income or loss consists of changes in cumulative translation adjustments, changes in unamortized pension adjustments and changes in the fair value of derivative instruments classified as cash flow hedge instruments, all of which are recorded directly in accumulated other comprehensive income within stockholders’ equity. Foreign Currency Translation The local currency is the functional currency for all of the Company’s operations in Europe, Canada, Asia, Australia and New Zealand. Assets and liabilities denominated in foreign currencies are translated using the exchange rate on the balance sheet date. Revenues and expenses are translated using average exchange rates prevailing during the year. The translation adjustment resulting from this process is shown separately as a component of stockholders’ equity. Foreign currency transaction gains or losses are presented below operating income. Revenue Recognition Generally, the Company's revenue contract with a customer exists when (1) the goods are shipped, services are rendered, and the related invoice is generated, (2) the duration of the contract does not extend beyond the promised goods or services already transferred and (3) the transaction price of each distinct promised product or service specified in the invoice is based on its relative stated standalone selling price. The Company recognizes revenue when it satisfies a performance obligation by transferring control 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. The Company presents taxes collected and remitted to governmental authorities on a net basis in the consolidated statements of operations. Cost of Sales Cost of sales includes material, labor, factory and tooling overhead, shipping, and freight costs. Major components of these expenses are steel and other materials, packaging and cartons, personnel costs, and facility costs, such as rent, depreciation and utilities, related to the production and distribution of the Company’s products. Inbound freight charges, purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs, and other costs of the Company’s distribution network are also included in cost of sales. Tool and Die Costs Tool and die costs are included in product costs in the year incurred. Product and Software Research and Development Costs Product research and development costs, which are included in operating expenses and are charged against income as incurred, were $15.7 million, $12.3 million and $10.1 million in 2022, 2021 and 2020, respectively. Product research and development expenses include all related personnel costs including salary, benefits, retirement, stock-based compensation costs, as well as computer and software costs, professional fees, supplies, tools and maintenance costs. In 2022, 2021 and 2020, the Company incurred software development expenses related to its ongoing expansion into the plated truss market and some of the software development costs were capitalized. See "Note 8 — Property, Plant and Equipment." The Company amortizes acquired patents over their remaining lives and performs periodic reviews for impairment. The cost of internally developed patents is expensed as incurred. Selling Costs Selling costs include expenses associated with selling, merchandising and marketing the Company’s products. Major components of these expenses are personnel, sales commissions, facility costs such as rent, depreciation and utilities, professional services, information technology costs, sales promotion, advertising, literature and trade shows. Advertising Costs Advertising costs are included in selling expenses and were $12.6 million, $8.4 million and $8.2 million in 2022, 2021, and 2020, respectively. General and Administrative Costs General and administrative costs include personnel, information technology related costs, facility costs such as rent, depreciation and utilities, professional services, amortization of intangibles and bad debt charges. Accounting for Leases The Company has operating and finance leases for certain facilities, equipment, autos and data centers. As an accounting policy for short-term leases, the Company elected to not recognize a right-of-use asset ("ROU asset") and liability if, at the commencement date, the lease (1) has a term of 12 months or less and (2) does not include renewal and purchase options that the Company is reasonably certain to exercise. Monthly payments on short-term leases are recognized on a straight-line basis over the full lease term. Accounting for Stock-Based Compensation The Company recognizes stock-based compensation expense related to the estimated fair value of restricted stock awards on a straight-line basis, net of estimated forfeitures, over the requisite service period of the awards, which is generally the vesting term of three or four years. Stock-based compensation related to performance share grants are measured based on grant date fair value and expensed on a graded basis over the service period of the awards, which is generally a performance period of three years. The performance conditions are based on the Company's achievement of revenue growth and return on invested capital over the performance period and are evaluated for the probability of vesting at the end of each reporting period with changes in expected results recognized as an adjustment to expense. The assumptions used to calculate the fair value of restricted stock grants are evaluated and revised, as necessary, to reflect market conditions and the Company’s experience. Income Taxes Income taxes are calculated using an asset and liability approach. The provision for income taxes includes federal, state and foreign taxes currently payable, and deferred taxes due to temporary differences between the financial statement and tax bases of assets and liabilities. In addition, future tax benefits are recognized to the extent that realization of such benefits is more likely than not. This method gives consideration to the future tax consequences of the deferred income tax items and immediately recognizes changes in income tax laws in the year of enactment . Net Income per Share Basic net income per common share is computed based on the weighted average number of common shares outstanding. Potentially dilutive shares are included in the diluted per-share calculations using the treasury stock method for all periods when the effect of their inclusion is dilutive. Accounting Standards Not Yet Adopted Newly issued and effective accounting standards during 2022 were determined to be not relevant or material to the Company.

Business Combinations and Asset

Business Combinations and Asset Acquisitions	12 Months Ended
Business Combinations and Asset Acquisitions	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Dispositions	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 14 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 April 1, 2022 acquisition date, and as such, only includes ETANCO's results of operations for the nine months ending December 31, 2022. ETANCO had net sales of $212.6 million and a net loss of $5.9 million for the nine months ended December 31, 2022, which includes costs related to fair-value adjustments for acquired inventory, amortization of acquired intangible assets, and expenses incurred for integration. 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, assets acquired and liabilities assumed in a business combination be recorded at fair value as of the acquisition date with limited exceptions. The allocation of the $824.4 million purchase price, including cash, 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 107,185 Other current assets 4,491 Property and equipment, net 89,695 Operating lease right-of-use assets 5,361 Goodwill 365,591 Intangible assets, net 357,327 Other noncurrent assets 2,881 Total assets 1,015,148 Trade accounts payable 46,457 Accrued liabilities and other current liabilities 22,079 Operating lease liabilities 5,176 Deferred income tax and other long-term liabilities 117,031 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 $14.3 million to estimated fair value based on expected selling prices less a reasonable amount for selling efforts. The fair value adjustment was fully recognized as a component of cost of sales over the inventory’s estimated turnover period during the nine months ended December 31, 2022. Property and equipment, net Acquired property and equipment includes land of $16.1 million, buildings and site improvements of $32.5 million, and machinery, equipment, and software of $41.1 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 sixteen years, and 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 has been allocated to components within the ETANCO reporting unit. 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 15 $ 248,398 Trade names Indefinite 93,811 Developed technology 10 11,256 Patents 8 3,862 $ 357,327 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 $13.0 million of amortization expense on these assets during the nine months ended December 31, 2022. Deferred taxes As a result of the increase in fair value of inventory, property and equipment, and intangible assets, deferred tax liabilities of $105.9 million were recognized, primarily due to intangible assets. Acquisition and integration related costs During the twelve months ended December 31, 2022, and December 31, 2021, the Company incurred acquisition and/or integration related expenses of $17.3 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: Years Ended December 31, (in thousands) 2022 2021 Net sales $ 2,195,271 $ 1,884,654 Net income $ 363,527 $ 261,389 Pro forma earnings per common share: Basic $ 8.47 $ 6.03 Diluted $ 8.44 $ 6.00 Weighted average shares outstanding: Basic 42,925 43,325 Diluted 43,047 43,532 The unaudited pro forma results above includes the following non-recurring charges to net income: 1) Acquisition and integration related costs of $17.3 million which were incurred during the twelve months ended December 31, 2022 were adjusted as if such costs were incurred during the twelve months ended December 31, 2021. 2) The $14.3 million amortization related to the fair value adjustment for inventory and recognized during the twelve months ended December 31, 2022, were adjusted as if incurred during the twelve months ended December 31, 2021. 3) Net income for ETANCO includes adjustments of $0.4 million and $3.2 million to conform ETANCO’s historical financial results prepared under French GAAP to U.S. GAAP for the twelve months ended December 31, 2022, and December 31, 2021, respectively. 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.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
Revenue from Contracts with Customers	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customer	Revenue from Contracts with Customers Disaggregated revenue The Company disaggregates net sales into the following major product groups as described in its segment information included in these financial statements under Note 19. Wood Construction Products Revenue . Wood construction products represented approximately 87%, 87%, and 85% of total net sales in the years ended December 31, 2022, 2021, and 2020 respectively. Concrete Construction Products Revenue. Concrete construction products represented approximately 13%, 13%, and 15% of total net sales in the years ended December 31, 2022, 2021 and 2020, respectively. Customer acceptance criteria. Generally, there are no customer acceptance criteria included in the Company’s standard sales agreement with customers. When an arrangement with the customer does not meet the criteria to be accounted for as a revenue contract under the standard, the Company recognizes revenue in the amount of nonrefundable consideration received when the Company has transferred control of the goods or services and has stopped transferring (and has no obligation to transfer) additional goods or services. The Company offers certain customers discounts for paying invoices ahead of the due date, which are generally 30 to 60 days after the issue date. Other revenue . Service sales, representing after-market repair and maintenance, engineering activities and software license sales and services were less than 0.1% of net sales for 2022, 2021 and 2020 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 services 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 right to receive consideration in exchange for goods or services that the Company has transferred to a customer when that right is conditional on something other than the passage of time. Contract liabilities are recorded for any services billed to customers and not yet recognizable if the contract period has commenced or for the amount collected from customers in advance of the contract period commencing. As of December 31, 2022 and 2021, the Company had no material contract assets or contract liabilities from contracts with customers . Other accounting considerations Volume discounts. Volume discounts are accounted for as variable consideration because the transaction price is uncertain until the customer completes or fails to purchase the specified volume of purchases (consideration is contingent on a future outcome - occurrence or nonoccurrence). In addition, the Company applies the volume rebate or discount retrospectively, because the final price of each product or services sold depends on the customer's total purchases subject to the rebate program. Estimated rebates are deducted from revenues based on the gross transaction price and historical experience with the customer. Rights of return and other allowances. Rights of return create variability in the transaction price. The Company accounts for returned product during the return period as a refund to customer and not a performance obligation. The estimated allowance for returns is based on historical percentage of returns and allowance from prior periods and the customer's historical purchasing pattern. This estimate is deducted from revenues based on the gross transaction price. Principal versus Agent. The Company considered the principal versus agent guidance of the new revenue recognition standard and concluded that the Company is the principal in a third-party transaction. The Company manufactures its products and has control over the transfer of its products to Dealer Distributors, Contract Distributors, and end customers. Costs to obtain or fulfill a contract. Costs incurred to obtain a contract are immaterial. Commission cost is not an incremental cost directly related to obtaining a contract. Shipping costs. The Company recognizes shipping and handling activities that occur after the customer has obtained control of goods as a fulfillment cost rather than as an additional promised service. Therefore, the Company recognizes revenue and accrues shipping and handling costs when the control of goods transfers to the customer upon shipment. Advertising costs. Cooperative advertising and partnership discounts are consideration payable to a customer and not payment in exchange for a distinct product or service at fair value. Estimated cooperative advertising and partnership discounts are reductions of the transaction price.

Net Income per Share

Net Income per Share	12 Months Ended
Net Income per Share	Dec. 31, 2022
Earnings Per Share [Abstract]
Net Income per Share	Net Income per Share The following shows a reconciliation of basic earnings per share (“EPS”) to diluted EPS: For the Year Ended December 31, (in thousands, except per-share amounts) 2022 2021 2020 Net income available to common stockholders $ 333,995 $ 266,447 $ 187,000 Basic weighted average shares outstanding 42,925 43,325 43,709 Dilutive effect of potential common stock equivalents 122 207 132 Diluted weighted average shares outstanding 43,047 43,532 43,841 Net earnings per share: Basic $ 7.78 $ 6.15 $ 4.28 Diluted $ 7.76 $ 6.12 $ 4.27

Stockholders' Equity

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Stock Repurchases For the fiscal year ended December 31, 2022, the Company repurchased 811,330 shares of the Company’s common stock in the open market at an average price of $96.91 per share, for a total of $78.6 million under the previously announced $100.0 million share repurchase authorization (which expired at the end of 2022). On December 15, 2022, the Company’s Board of Directors authorized the Company to repurchase up to $100.0 million of the Company’s common stock from January 1, 2023 through December 31, 2023. As of December 31, 2022, the Company retired a total of 811,330 of its common stock and therefore had zero shares of its common stock as treasury shares. Comprehensive Income or Loss The following shows the components of accumulated other comprehensive income or loss as of December 31, 2022, 2021, and 2020 respectively: Foreign Currency Translation Pension Benefit Cash Flow Hedge Forward Foreign Currency Total (in thousands) Balance as of January 1, 2020 $ (22,080) $ (2,749) $ — $ — $ (24,829) Other comprehensive gain/(loss), net of tax effect 14,172 (161) — 390 14,401 Balance as of December 31, 2020 (7,908) (2,910) — 390 (10,428) Other comprehensive gain/(loss), net of tax effect (7,313) 404 — 204 (6,705) Amounts reclassified from accumulative other comprehensive income, net of $0 tax — — — (472) (472) Balance at December 31, 2021 (15,221) (2,506) — 122 (17,605) Other comprehensive gain/(loss), net of tax effect (20,942) 2,065 42,740 11,898 35,761 Amounts reclassified from accumulative other comprehensive income, net of $0 tax 209 — (18,987) (3,437) (22,215) Balance at December 31, 2022 $ (35,954) $ (441) $ 23,753 $ 8,583 $ (4,059)

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
Stock-Based Compensation	Dec. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based CompensationThe Company currently maintains the Simpson Manufacturing Co., Inc. Amended and Restated 2011 Incentive Plan (the “2011 Plan”) as its only equity incentive plan. Under the 2011 Plan, no more than 16.3 million shares of the Company’s common stock in aggregate may be issued, including shares already issued pursuant to prior awards granted under the 2011 Plan. Shares of common stock underlying awards to be issued pursuant to the 2011 Plan are registered under the Securities Act. Under the 2011 Plan, the Company may grant restricted stock and restricted stock units. The Company currently intends to award only performance-based stock units ("PSUs") and/or time-based restricted stock units ("RSUs"). The following table shows the Company’s stock-based compensation activity: Fiscal Years Ended December 31, (in thousands) 2022 2021 2020 Stock-based compensation expense recognized $ 12,503 $ 15,036 $ 11,384 Tax benefit of stock-based compensation expense in provision for income taxes 3,133 3,787 2,859 Stock-based compensation expense, net of tax $ 9,370 $ 11,249 $ 8,525 Fair value of shares vested $ 25,565 $ 15,701 $ 21,921 The Company allocates stock-based compensation expense amongst cost of sales, research and development and other engineering expense, selling expense, or general and administrative expense based on the job functions performed by the employees to whom the stock-based compensation is awarded. Stock-based compensation capitalized in inventory was immaterial for all periods presented. The following table summarizes the Company’s unvested restricted stock unit activity for the year ended December 31, 2022: Shares Weighted- Aggregate Unvested Restricted Stock Units (RSUs) Outstanding as of January 1, 2022 344 $ 81.33 $ 47,721 Awarded 186 119.60 Vested (219) 65.45 Forfeited (9) 99.29 Outstanding as of December 31, 2022 302 $ 102.10 $ 26,745 Outstanding and expected to vest at December 31, 2022 351 $ 97.86 $ 31,107 * The intrinsic value for outstanding and expected to vest is calculated using the closing price per share of $88.66, as reported by the New York Stock Exchange on December 31, 2022. During the year ended December 31, 2022, the Company granted 180 thousand RSUs and PSUs to the Company’s employees, including officers at an estimated weighted average fair value of $120.09 per share, based on the closing price (adjusted for certain market factors primarily the present value of dividends) of the Company’s common stock on the grant date. The RSUs and PSUs granted to the Company’s employees may be time-based, performance-based or time- and performance-based. Certain of the PSUs are granted to officers and key employees, where the number of performance-based awards to be issued is based on the achievement of certain Company performance criteria established in the award agreement over a cumulative three years period. These awards cliff vest after three years. In addition, these same officers and key employees also receive time-based RSUs, which vest pursuant to a three-year graded vesting schedule. Time- and performance based RSUs granted to the Company’s employees excluding officers and certain key employees, vest ratably over the four year life of the award and through 2019, required the underlying shares of the Company's common stock to be subject to a performance-based adjustment during the first year and starting in 2020, were time-based awards which vest ratable over the four-year life of the award. The Company’s seven non-employee directors are entitled to receive approximately $704 thousand in equity compensation annually. The number of shares ultimately granted is based on the average closing share price for the Company over the 60 days period prior to approval of the award in the second quarter of each year. In May and June 2022, the Company granted 6 thousand 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 total expense of $655 thousand. The total intrinsic value of RSUs and PSUs vested during the years ended December 31, 2022, 2021 and 2020 was $25.6 million, $15.7 million and $21.9 million, respectively, based on the market value on the vest date. As of December 31, 2022, the Company’s aggregate unamortized stock compensation expense was approximately $16.1 million, which is expected to be recognized over a weighted-average period of approximately 2.1 years. Stock Bonus Plan The Company also maintains the Simpson Manufacturing Co., Inc. 1994 Employee Stock Bonus Plan (the “Stock Bonus Plan”), whereby it awards shares of the Company’s common stock to employees, who do not otherwise participate in any of the Company’s equity-based incentive plans and meet minimum service requirements. Shares have generally been awarded under the Stock Bonus Plan following the year in which the respective employee reached his or her tenth, twentieth, thirtieth, fortieth or fiftieth anniversary of employment with the Company or any direct or indirect subsidiary thereof. The Company awarded shares for service through 2022, 2021, and 2020 as shown below: December 31, 2022 2021 2020 Shares issued 9,300 6,900 7,400 Shares settled with cash (foreign employees) 7,400 6,500 5,200 Total award 16,700 13,400 12,600

Trade Accounts Receivable, net

Trade Accounts Receivable, net	12 Months Ended
Trade Accounts Receivable, net	Dec. 31, 2022
Receivables [Abstract]
Trade Accounts Receivable, net	Trade Accounts Receivable, net Trade accounts receivable consisted of the following: As of December 31, (in thousands) 2022 2021 Trade accounts receivable $ 276,229 $ 237,312 Allowance for doubtful accounts (3,240) (1,932) Allowance for sales discounts (3,865) (4,359) $ 269,124 $ 231,021

Inventories

Inventories	12 Months Ended
Inventories	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories are as follows: As of December 31, (in thousands) 2022 2021 Raw materials $ 187,149 $ 191,174 In-process products 55,171 30,309 Finished products 314,481 222,273 $ 556,801 $ 443,756

Derivative Instruments

Derivative Instruments	12 Months Ended
Derivative Instruments	Dec. 31, 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. The Company produces certain of its concrete products from a wholly owned subsidiary in China, and as a result is exposed to variability in cash outflows associated with changes in the foreign exchange rate between the U.S. Dollar and the Chinese Yuan (CNY). In November 2022, the Company entered into a series of foreign currency derivative contracts that mature monthly between January 2023 and, December 2023 to buy CNY 102.4 million in the aggregate by selling a total of $14.8 million. These forward contracts are accounted for as cash flow hedges under the accounting standards, and fair value is included in other current assets or other current liabilities, as applicable, in the consolidated balance sheet. Net deferred gains and losses on these contracts relating to changes in fair value are included in accumulated other OCI and are reclassified into cost of sales in the consolidated statements of operations in the which the hedged items are recorded in the same period the hedged item affects earnings. There were no amounts recognized for gains or losses on these contracts during the year ended December 31, 2022. Changes in fair value of any forward contracts that are determined to be ineffective are immediately reclassified from OCI into earnings. The amounts deferred in OCI are expected to be recognized as a component of cost of sales in the consolidated statements of operations during 2023 and 2024. 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 consolidated statements of operations through the termination of the underlying hedged intercompany debt in March 2029. In addition, the Company 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 December 31, 2022, the aggregate notional amount of the Company's outstanding interest rate contracts, cross currency swap contracts, EUR forward contract and CNY forward contracts were $583.2 million, $454.1 million, $321.7 million and $14.8 million, respectively. As of December 31, 2021, 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 twelve months ended December 31, 2022. The effects of fair value and cash flow hedge accounting on the consolidated statements of operations for the periods ended December 31, were 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 Consolidated Statements of Operations in which the effects of fair value or cash flow hedges are recorded $ 1,174,794 $ (7,594) $ (3,408) $ 818,187 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 (1,012) Cross currency swap contract Amount of gain or (loss) reclassified from OCI to earnings 5,650 14,349 Forward contract Amount of gain or (loss) reclassified from OCI to earnings 122 472 The effects of derivative instruments on the consolidated statements of operations for the twelve months ended December 31, 2022 and December 31, 2021 were as follows: 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 $ 26,830 $ — Interest expense $ (1,012) $ — Cross currency contracts 26,174 — Interest expense 5,650 — FX gain (loss) 14,349 — Forward contracts 231 163 Cost of goods sold — 472 Total $ 53,235 $ 163 $ 18,987 $ 472 For the twelve months ended December 31, 2022, gains on the net investment hedge of $13.0 million were included in OCI. For the twelve months ended December 31, 2022, gains excluded of $3.3 million, were reclassified from OCI to interest expense. As of December 31, 2022, the aggregate fair values of the Company’s derivative instruments were comprised of assets totaling $43.9 million, and liabilities of $8.0 million on the consolidated balance sheets. As of December 31, 2022, the Company expects it will reclassify net gains of approximately $20.2 million, currently recorded in AOCI, into interest expense in earnings within the next twelve months. However, the actual amount reclassified could vary due to future changes in the fair value of these derivatives.

Property, Plant and Equipment,

Property, Plant and Equipment, net	12 Months Ended
Property, Plant and Equipment, net	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, net	Property, Plant and Equipment, net Property, plant and equipment consisted of the following: December 31, (in thousands) 2022 2021 Land $ 50,025 $ 28,175 Buildings and site improvements 233,123 202,393 Leasehold improvements 6,367 5,995 Machinery and equipment 472,907 399,079 762,422 635,642 Less accumulated depreciation and amortization (432,392) (402,246) 330,030 233,396 Capital projects in progress 31,525 26,473 $ 361,555 $ 259,869 Property, plant and equipment as of December 31, 2022, and 2021, includes fully depreciated assets with an original cost of $253.5 million and $234.0 million, respectively, which are still in use. The Company capitalizes certain development costs associated with internal use software, including the direct costs of services provided by third-party consultants and payroll for internal employees, both of which are performing development and implementation activities on a software project. As of December 31, 2022, and 2021, the Company had capitalized software development costs net of accumulated amortization of $33.3 million and $30.2 million, respectively, included in machinery and equipment and as of December 31, 2022, and 2021, $7.0 million and $4.8 million, respectively, was included in capital projects in progress.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
Goodwill and Intangible Assets	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The annual changes in the carrying amount of goodwill, by segment, as of December 31, 2021 and 2022, were as follows, respectively: (in thousands) North Europe Asia Total Balance as of January 1, 2021 $ 96,311 $ 38,059 $ 1,474 $ 135,844 Foreign exchange (4) (1,622) (90) (1,716) Reclassifications — (106) — (106) Balance as of December 31, 2021 96,307 36,331 1,384 134,022 Goodwill acquired 7,444 365,591 — 373,035 Foreign exchange (179) (11,123) (83) (11,385) Reclassifications — — — — Balance as of December 31, 2022 $ 103,572 $ 390,799 $ 1,301 $ 495,672 Goodwill Impairment Testing The Company tests goodwill for impairment at the reporting unit level on an annual basis (in the fourth quarter). Our goodwill balance is not amortized to expense, and we may assess qualitative factors and quantitative factors to determine whether it is more likely than not that the fair value of each reporting unit is less than its carrying amount as a basis for determining whether it is necessary to complete quantitative impairment assessment s We assessed the qualitative factors related to the goodwill of the reporting units to determine whether it is necessary to perform an impairment test. During fiscal year 2022, we revised our European reporting units due to the acquisition of ETANCO and changes to the management, product distribution and operations structure of our legacy European operations. Subsequent to this change, all European reporting units, including the S&P Clever reporting unit, but excluding ETANCO, were consolidated for reporting purposes into one overall Europe reporting unit. ETANCO will remain as its own reporting unit until it is fully integrated into our other European operations, and there are sufficient economic similarities between the ETANCO and European reporting units. A qualitative assessment was performed immediately preceding the reporting unit change and determined that it was not more likely than not that any impairment existed prior to the reporting unit change. For the Company’s remaining reporting units, the reporting unit level is generally one level below the operating segment, which is at the country level, except for the United States and Australia. The Company determined that the U.S. reporting unit includes four components: Northwest United States, Southwest United States, Northeast United States and Southeast United States. The Australia reporting unit includes two components: Australia and New Zealand. For each of these reporting units, the Company aggregated the components because management concluded that they are economically similar and that the goodwill is recoverable from these components working in concert. In 2021, the Company applied the ("Step 1") approach where the Company compares the fair value of the reporting unit to its carrying value. The fair value calculation uses both the income approach (discounted cash flow method) and the market approach, equally weighted. If the Company determines that the carrying value of the net assets assigned to the reporting unit, including goodwill, exceeds the fair value of the reporting unit, no further action is taken. If the Company determines that the carrying value of a reporting unit’s goodwill exceeds its implied fair value, the Company will record an impairment charge equal to the difference between the implied fair value of the goodwill and the carrying value. In 2022, we completed our annual impairment assessment by performing a qualitative assessment. For this qualitative assessment, we assessed various assumptions, events and circumstances that would have affected the estimated fair value of the reporting units as compared to the quantitative fair value measurement determined in the fourth quarter of 2021. Based on the qualitative assessment performed, the Company concluded that there was no evidence of events or circumstances that would indicate a material change from the Company’s prior year quantitative assessment by reporting unit and therefore, it was more likely than not that the estimated fair value of reporting units exceeded their respective carrying values. The 2022 and 2021 annual testing of goodwill for impairment did not result in impairment charges. "See Item 7 - Critical Accounting Policies and Estimates - Goodwill and Other Intangible Assets ". Amortizable Intangible Assets Intangible assets from acquired businesses or asset purchases are recognized at their estimated fair values on the date of acquisition and consist of patents, unpatented technology, non-compete agreements, trademarks, customer relationships and other intangible assets. Finite-lived intangibles are amortized to expense over the applicable useful lives, ranging from three The total gross carrying amount and accumulated amortization of definite-lived intangible assets as of December 31, 2022, was $427.0 million and $64.1 million, respectively. The aggregate amount of amortization expense of intangible assets for the years ended December 31, 2022, 2021 and 2020 was $17.4 million, $6.4 million and $6.1 million, respectively. The weighted-average remaining amortization period for all amortizable intangibles on a combined basis is 9.1 years as of December 31, 2022. The annual changes in the carrying amounts of patents, unpatented technologies, customer relationships and non-compete agreements and other intangible assets subject to amortization for the years ended December 31, 2022 and 2021 were as follows: (in thousands) Gross Accumulated Net Patents Balance as of January 1, 2021 $ 4,699 $ (934) $ 3,765 Purchases 6,074 — 6,074 Amortization — (428) (428) Balance as of December 31, 2021 10,773 (1,362) 9,411 Purchases 13,775 (670) 13,105 Amortization — (771) (771) Foreign exchange (376) — (376) Balance as of December 31, 2022 $ 24,172 $ (2,803) $ 21,369 (in thousands) Gross Accumulated Net Unpatented Technology Balance as of January 1, 2021 $ 22,104 $ (16,492) $ 5,612 Amortization — (2,174) (2,174) Reclassifications 348 — 348 Foreign exchange (49) — (49) Balance as of December 31, 2021 22,403 (18,666) 3,737 Amortization — (793) (793) Reclassifications (49) — (49) Foreign exchange 56 — 56 Balance as of December 31, 2022 $ 22,410 $ (19,459) $ 2,951 (in thousands) Gross Accumulated Net Non-Compete Agreements, Balance as of January 1, 2021 $ 21,582 $ (7,724) $ 13,858 Amortization — (2,631) (2,631) Foreign exchange (148) — (148) Balance as of December 31, 2021 21,434 (10,355) 11,079 Purchases of intangible assets 6,880 (5) 6,875 Amortization — (2,572) (2,572) Reclassifications 149 — 149 Foreign exchange (162) — (162) Balance as of December 31, 2022 $ 28,301 $ (12,932) $ 15,369 (in thousands) Gross Accumulated Net Customer Relationships Balance as of January 1, 2021 $ 18,123 $ (15,175) $ 2,948 Disposal (217) — (217) Amortization — (1,186) (1,186) Foreign exchange (117) — (117) Balance as of December 31, 2021 17,789 (16,361) 1,428 Purchases of intangible assets 249,767 (12,223) 237,544 Amortization — (386) (386) Reclassifications (151) — (151) Foreign exchange (6,946) — (6,946) Balance as of December 31, 2022 $ 260,459 $ (28,970) $ 231,489 As of December 31, 2022, estimated future amortization of intangible assets was as follows: (in thousands) 2023 $ 20,957 2024 20,012 2025 19,782 2026 19,259 2027 18,953 Thereafter 172,215 $ 271,178 Indefinite-Lived Intangible Assets Indefinite-lived intangible assets totaled $91.7 million as of December 31, 2022, including $91.1 million, net of an unfavorable foreign exchange impact of $2.7 million, attributable to trade names acquired in the ETANCO acquisition. Definite-lived and indefinite-lived assets, net, by segment as of December 31, 2022, and 2021 were as follows: As of December 31, 2021 Gross Accumulated Net (in thousands) Total Intangible Assets North America $ 46,643 $ (26,346) $ 20,297 Europe 26,371 (20,399) 5,972 Total $ 73,014 $ (46,745) $ 26,269 As of December 31, 2022 Gross Accumulated Net (in thousands) Total Intangible Assets North America $ 53,498 $ (29,782) $ 23,716 Europe 373,538 (34,337) 339,201 Total $ 427,036 $ (64,119) $ 362,917

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2022
Leases [Abstract]
Leases	Leases The Company has operating leases for certain facilities, equipment and automobiles . The existing operating leases expire at various dates through 2027, some of which include options to extend the leases for up to five years. The Company measured the lease liability at the present value of the lease payments to be made over the lease term. The lease payments are discounted using the Company's incremental borrowing rate. The Company measured the right-of-use ("ROU") assets at the amount at which the lease liability is recognized plus initial direct costs incurred or prepayment amounts. The ROU assets are amortized on a straight-line basis over the lease term. The following table provides a summary of leases included on the consolidated balance sheets as of December 31, 2022, and 2021, and consolidated statements of operations, and consolidated statements of cash flows for the year ended December 31, 2022 and 2021: Consolidated Balance Sheets Line Item As of December 31, 2022 2021 (in thousands) Operating leases Assets Operating leases Operating lease right-of-use assets $ 57,652 $ 45,438 Liabilities Operating-current Accrued expenses and other current liabilities $ 11,544 $ 8,769 Operating-noncurrent Operating lease liabilities 46,882 37,091 Total operating lease liabilities $ 58,426 $ 45,860 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net (3,569) (3,416) Property and equipment, net Property, plant and equipment, net $ — $ 153 The components of lease expense were as follows: Consolidated Statements of Operations Line Item Years Ended (in thousands) 2022 2021 Operating lease cost General administrative expenses and $ 13,794 $ 11,704 Finance lease cost: Amortization of right-of-use assets General administrative expenses $ — $ 324 Interest on lease liabilities Interest expense, net — 2 Total finance lease cost $ — $ 326 Other information Supplemental cash flow information related to leases is as follows: Years Ended (in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 13,355 $ 11,443 Finance cash flows for finance leases $ — $ 437 Operating right-of-use assets obtained in exchange for new lease liabilities Operating leases $ 19,587 $ 11,530 The following is a schedule, by years, of maturities for lease liabilities as of December 31, 2022: (in thousands) Operating Leases 2023 $ 14,157 2024 12,291 2025 10,292 2026 8,192 2027 6,518 Thereafter 16,680 Total lease payments 68,129 Less: Present value discount (9,703) Total lease liabilities $ 58,426 The following table summarizes the Company’s lease terms and discount rates as of December 31, 2022: Years Ended 2022 2021 Weighted-average remaining lease terms (in years): Operating leases 6.10 6.88 Weighted-average discount rate: Operating leases 4.68 % 5.22 %
Leases	Leases The Company has operating leases for certain facilities, equipment and automobiles . The existing operating leases expire at various dates through 2027, some of which include options to extend the leases for up to five years. The Company measured the lease liability at the present value of the lease payments to be made over the lease term. The lease payments are discounted using the Company's incremental borrowing rate. The Company measured the right-of-use ("ROU") assets at the amount at which the lease liability is recognized plus initial direct costs incurred or prepayment amounts. The ROU assets are amortized on a straight-line basis over the lease term. The following table provides a summary of leases included on the consolidated balance sheets as of December 31, 2022, and 2021, and consolidated statements of operations, and consolidated statements of cash flows for the year ended December 31, 2022 and 2021: Consolidated Balance Sheets Line Item As of December 31, 2022 2021 (in thousands) Operating leases Assets Operating leases Operating lease right-of-use assets $ 57,652 $ 45,438 Liabilities Operating-current Accrued expenses and other current liabilities $ 11,544 $ 8,769 Operating-noncurrent Operating lease liabilities 46,882 37,091 Total operating lease liabilities $ 58,426 $ 45,860 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net (3,569) (3,416) Property and equipment, net Property, plant and equipment, net $ — $ 153 The components of lease expense were as follows: Consolidated Statements of Operations Line Item Years Ended (in thousands) 2022 2021 Operating lease cost General administrative expenses and $ 13,794 $ 11,704 Finance lease cost: Amortization of right-of-use assets General administrative expenses $ — $ 324 Interest on lease liabilities Interest expense, net — 2 Total finance lease cost $ — $ 326 Other information Supplemental cash flow information related to leases is as follows: Years Ended (in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 13,355 $ 11,443 Finance cash flows for finance leases $ — $ 437 Operating right-of-use assets obtained in exchange for new lease liabilities Operating leases $ 19,587 $ 11,530 The following is a schedule, by years, of maturities for lease liabilities as of December 31, 2022: (in thousands) Operating Leases 2023 $ 14,157 2024 12,291 2025 10,292 2026 8,192 2027 6,518 Thereafter 16,680 Total lease payments 68,129 Less: Present value discount (9,703) Total lease liabilities $ 58,426 The following table summarizes the Company’s lease terms and discount rates as of December 31, 2022: Years Ended 2022 2021 Weighted-average remaining lease terms (in years): Operating leases 6.10 6.88 Weighted-average discount rate: Operating leases 4.68 % 5.22 %

Accrued Liabilities and Other C

Accrued Liabilities and Other Current Liabilities	12 Months Ended
Accrued Liabilities and Other Current Liabilities	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued Liabilities and Other Current Liabilities	Accrued Liabilities and Other Current Liabilities Accrued liabilities and other current liabilities consisted of the following: As of December 31, (in thousands) 2022 2021 Labor related liabilities $ 63,451 $ 46,821 Sales incentives & advertising allowances 69,029 63,702 Accrued cash profit sharing and commissions 22,816 24,178 Sales tax payable and other 35,564 20,822 Dividends payable 11,170 10,806 Accrued profit sharing trust contributions 14,648 12,289 Operating lease - current portion 11,544 8,769 $ 228,222 $ 187,387

Debt

Debt	12 Months Ended
Debt	Dec. 31, 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 July 27, 2012. The Amended and Restated Credit Facility provides for a 5-year $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 for the acquisition of ETANCO. In addition, the Company incurred $6.8 million of debt issuance costs, which are classified in long-term debt on the consolidating balance sheet, that have been deferred and will amortize over the 5-year terms of the Amended and Restated Credit Facility. During 2022, the Company made principal payments of $100.0 million and $16.9 million of the Company's outstanding Revolving and Term Credit Facility, respectively. 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 consolidated statements 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 principal 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 December 31, 2022, in addition to the Amended and Restated Credit Facility, certain of the Company’s domestic subsidiaries are guarantors for a credit agreement between certain of its foreign subsidiaries and institutional lenders. Together, all credit facilities provide the Company with a total of $304.4 million in available revolving credit lines and an irrevocable standby letter of credit in support of various insurance deductibles. The Company has $583.2 million, excluding deferred financing costs, outstanding under the Amended and Restated Credit Facility, which is the estimated fair value as of December 31, 2022. There were no outstanding balances under the Amended and Restated Credit Facility as of December 31, 2021. The following is a schedule, by years, of maturities for the remaining term loan facility as of December 31, 2022: (in thousands) 5-Year Term Loan 2023 22,500 2024 22,500 2025 22,500 2026 22,500 2027 343,125 Total loan outstanding $ 433,125 The $150.0 million borrowed under the revolving credit facility is due on March 31, 2027. The Company complied with its financial covenants under the Amended and Related Credit Facility as of December 31, 2022. The Company incurs interest costs, which include interest net of the effect of cash flow hedges, maintenance fees and bank charges. The amount of costs incurred, capitalized, and expensed for the years ended December 31, 2022, 2021 and 2020, consisted of the following: Years Ended December 31, (in thousands) 2022 2021 2020 Interest costs, including benefits from cash flow and net investment hedges $ 9,685 $ 1,424 $ 2,796 Less: Interest capitalized (1,658) (574) (512) Interest expense, including benefits from cash flow and net investment hedges $ 8,027 $ 850 $ 2,284

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Obligations In addition to the debt and lease obligations described elsewhere in the footnotes, the Company has certain purchase obligations in the ordinary course of business. These purchase obligations are primarily related to the acquisition, construction or expansion of facilities and equipment, and minimum purchase quantities of certain raw materials. The Company is not a party to any long-term supply contracts with respect to the purchase of raw materials or finished goods. As of December 31, 2022, these purchase obligations were $148.2 million, of which $73.9 million is payable in 2023 and the remainder over the following three years. Debt interest obligations include annual facility fees on the Company’s primary line-of-credit facility in the amount of $42.2 million at December 31, 2022. Employee Relations As of December 31, 2022, approximately 9% of our employees are represented by labor unions and are covered by collective bargaining agreements in the U.S. The Company has two-facility locations with collective bargaining agreements covering tool and die craftsmen, maintenance workers, and sheet-metal workers. In Stockton, California, two union contracts will expire in September 2023 and June 2023, respectively. Also, the Company has two contracts in San Bernardino County, California that will expire in February 2025 and in June 2026, respectively. Based on current information and subject to future events and circumstances, the Company believes that, even if new agreements are not reached before the existing labor union contracts expire, it is not expected to have a material adverse effect on the Company’s ability to provide products to customers or on the Company’s profitability. Environmental The Company’s policy with regard to environmental liabilities is to accrue for future environmental assessments and remediation costs when information becomes available that indicates that it is probable that the Company is liable for any related claims and assessments and the amount of the liability is reasonably estimable. The Company does not believe that any such matters will have a material adverse effect on the Company’s financial condition, cash flows or results of operations. Litigation and Potential Claims From time to time, the Company is involved in various legal proceedings and other matters arising in the normal course of business. Corrosion, hydrogen embrittlement, cracking, material hardness, wood pressure-treating chemicals, misinstallations, misuse, design and assembly flaws, manufacturing defects, labeling defects, product formula defects, inaccurate chemical mixes, adulteration, environmental conditions, or other factors can contribute to failure of fasteners, connectors, anchors, adhesives, specialty chemicals, such as fiber reinforced polymers, and tool products. In addition, inaccuracies may occur in product information, descriptions and instructions found in catalogs, packaging, data sheets, and the Company’s website. The resolution of any claim or litigation is subject to inherent uncertainty and could have a material adverse effect on the Company’s financial condition, cash flows or results of operations.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes from operations consisted of the following: Years Ended December 31, (in thousands) 2022 2021 2020 Current Federal $ 90,703 $ 65,861 $ 42,337 State 25,347 19,515 12,571 Foreign 12,544 7,641 4,478 Deferred 0 Federal (5,806) 802 2,330 State (801) (169) 598 Foreign (7,917) (1,548) 250 $ 114,070 $ 92,102 $ 62,564 Income and loss from operations before income taxes for the years ended December 31, 2022, 2021, and 2020, respectively, consisted of the following: Years Ended December 31, (in thousands) 2022 2021 2020 Domestic $ 437,506 $ 336,085 $ 238,320 Foreign 10,559 22,464 11,244 $ 448,065 $ 358,549 $ 249,564 As of December 31, 2022, the Company had $36.1 million of net operating loss carryforwards in various foreign taxing jurisdictions. Most of the tax losses can be carried forward indefinitely. As of December 31, 2022, and 2021, the Company has valuation allowances of $11.2 million and $12.0 million, respectively. The valuation allowance decreased by $0.8 million and increased by $0.7 million for the years ended December 31, 2022, and December 31, 2021, respectively. The decrease in the 2022 valuation allowances was primarily a result of exchange rate fluctuation. The increase in the 2021 valuation allowances was primarily the result of an impairment on a foreign equity investment. As of December 31, 2022, the Company asserts that its accumulated undistributed earnings generated by our foreign subsidiaries are permanently reinvested and as such, has not recognized a US deferred tax liability on its investment in foreign subsidiaries. The Company will continue to assess its permanent reinvestment assertion on a quarterly basis. Reconciliations between the statutory federal income tax rates and the Company’s effective income tax rates as a percentage of income before income taxes for its operations were as follows: Years Ended December 31, (in thousands) 2022 2021 2020 Federal tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 4.4 % 4.3 % 4.2 % Change in valuation allowance — % — % 0.1 % True-up of prior year tax returns to tax provision — % (0.1) % (0.4) % Difference between U.S. statutory and foreign local tax rates 0.2 % 0.4 % 0.4 % Change in uncertain tax position — % — % — % Other (0.1) % 0.1 % (0.2) % Effective income tax rate 25.5 % 25.7 % 25.1 % The tax effects of the significant temporary differences that constitute the deferred tax assets and liabilities as of December 31, 2022, and 2021, respectively, were as follows: As of December 31, (in thousands) 2022 2021 Deferred asset taxes State tax $ 1,857 $ 1,490 Health claims 2,877 1,351 Inventories 7,902 7,497 Sales incentive and advertising allowances 2,191 1,777 Lease obligations 14,827 11,562 Stock-based compensation 2,251 2,612 Foreign tax credit carryforwards 4,961 4,983 Non-United States tax loss carry forward 6,557 7,824 Acquisition expense 2,409 609 Capitalized research & development expenditures 6,671 — Other 2,533 1,889 Total deferred tax assets $ 55,036 $ 41,594 Less valuation allowances (11,180) (11,992) Total deferred asset taxes $ 43,856 $ 29,602 Deferred tax liabilities Depreciation $ (28,271) $ (14,999) Goodwill and other intangibles amortization (102,998) (16,682) Right of use assets (14,635) (11,453) Hedging OCI (10,284) — Total deferred tax liabilities (156,188) (43,134) Total Deferred tax asset/(liability) $ (112,332) $ (13,532) A reconciliation of the beginning and ending amounts of unrecognized tax benefits in 2022, 2021 and 2020, respectively, were as follows, including foreign translation amounts: Reconciliation of Unrecognized Tax Benefits 2022 2021 2020 Balance as of January 1 $ 944 $ 1,168 $ 1,706 Additions based on tax positions related to prior years 6,528 9 78 Reductions based on tax positions related to prior years (38) (47) (7) Additions for tax positions of the current year 73 3 48 Lapse of statute of limitations (275) (189) (657) Balance as of December 31 $ 7,232 $ 944 $ 1,168 During 2022, the Company’s uncertain tax positions increased by $6.5 million, primarily due to positions for open years of which were assumed in the Company’s acquisition of ETANCO. Tax positions of $0.2, $0.3, and $0.3 million are included in the balance of unrecognized tax benefits as of December 31, 2022, 2021, and 2020, respectively, which if recognized, would reduce the effective tax rate. The Company accrues interest and penalties related to unrecognized tax benefits in income tax expense in accordance with the Company’s historical accounting policy. During the years ended December 31, 2022, 2021 and 2020, accrued interest increased by $673 thousand, and decreased by $39 thousand and $108 thousand, respectively. The Company had accrued $0.9 million, $0.2 million and $0.3 million as of December 31, 2022, 2021 and 2020, respectively for the potential payment of interest and penalties before income tax benefits. The Company does not expect any material changes in unrecognized tax benefits within the next 12 months. As of December 31, 2022, the Company remained subject to federal income tax examinations in the U.S. for the tax years 2019 through 2022. In addition, tax years 2017 through 2022 remain open to examination in states, local and foreign jurisdictions. On August 16, 2022, President Biden signed into law the Inflation Reduction Act “IRA”. The provisions include the new Corporate Alternative Minimum Tax "CAMT", an excise tax on stock buybacks, and significant tax incentives for energy and climate initiatives, all effective for tax year 2023. The Company is not subject to the provisions of CAMT but will evaluate the impact, if any, of the other provisions under the IRA when they become effective in tax year 2023.

Retirement Plans

Retirement Plans	12 Months Ended
Retirement Plans	Dec. 31, 2022
Retirement Benefits [Abstract]
Retirement Plans	Retirement Plans The Company has six defined contribution retirement plans covering substantially all salaried employees and nonunion hourly employees. The Simpson Manufacturing Co., Inc. 401(k) Profit Sharing Plan (the "Plan") covers U.S. employees and provides for quarterly safe harbor contributions, limited to 3% of the employees' quarterly eligible compensation and for annual discretionary contributions, subject to certain limitations. The discretionary amounts for 2022, 2021 and 2020 were equal to 7% of qualifying salaries or wages of the covered employees. The other five defined contribution plans, covering the Company’s European and Canadian employees, require the Company to make contributions ranging from 3% to 15% of the employees’ compensation. The total cost for these retirement plans for the years ended December 31, 2022, 2021 and 2020, was $23.8 million, $20.7 million, and $17.7 million, respectively. We participate in various multiemployer benefit plans that cover some of our employees who are represented by labor unions . We make periodic contributions to these plans in accordance with the terms of applicable collective bargaining agreements and laws but do not sponsor or administer these plans . We do not participate in any multiemployer benefit plans for which we consider our contributions to be individually significant. If we withdraw from participation in any of these plans, the applicable law would require us to fund our allocable share of the unfunded vested benefits, which is known as a withdrawal liability. As of December 31, 2022, we believe that there was no probable withdrawal liability under the multiemployer benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees. Our total contribution to various industry-wide, union-sponsored pension funds and a statutorily required pension fund for employees in the U.S. and Europe were $5.4 million, $5.0 million and $5.1 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions During 2022, the Company identified certain purchases of goods and services from companies where the current and former Chief Executive Officers of the Company serves as a director on the respective company's board providing the goods or services. The amount of goods and services purchased by the Company pursuant to these arrangements was not material to the Company’s consolidated statements of operations and cash flows for the year ended December 31, 2022.

Segment Information

Segment Information	12 Months Ended
Segment Information	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is organized into three reporting segments defined by the regions where the Company’s products are manufactured, marketed and distributed to the Company’s customers. The three regional segments are the North America segment (comprised primarily of the Company’s operations in the U.S. and Canada), the Europe segment and the Asia/Pacific segment (comprised of the Company’s operations in Asia, the South Pacific, and the Middle East). These segments are similar in several ways, including the types of materials used, the production processes, the distribution channels and the product applications. The Administrative & All Other column primarily includes expenses such as self-insured workers compensation claims for employees, stock-based compensation for certain members of management, interest expense, foreign exchange gains or losses and income tax expense, as well as revenues and expenses related to real estate activities. The following table shows certain measurements used by management to assess the performance of the segments described above as of December 31, 2022, 2021 and 2020, respectively: (in thousands) North Europe Asia/ Administrative Total 2022 Net sales $ 1,701,041 $ 400,303 $ 14,743 $ — $ 2,116,087 Sales to other segments * 4,862 5,732 32,979 — 43,573 Income from operations** 485,899 11,121 723 (38,676) 459,067 Depreciation and amortization 36,003 22,594 1,730 563 60,890 Significant non-cash charges 7,504 1,099 510 5,868 14,981 Provision for income taxes 112,537 1,193 1,091 (751) 114,070 Business acquisitions, net of cash acquired, capital expenditures, asset acquisition, and equity 54,594 817,163 1,173 2,871 875,801 Total assets 1,393,968 675,634 34,599 399,770 2,503,971 (in thousands) North Europe Asia/ Administrative Total 2021 Net sales $ 1,362,941 $ 196,996 $ 13,280 $ — $ 1,573,217 Sales to other segments * 2,237 5,696 27,109 — 35,042 Income from operations** 359,140 14,160 1,193 (6,700) 367,793 Depreciation and amortization 33,950 6,172 1,844 511 42,477 Significant non-cash charges 8,173 1,943 166 7,607 17,889 Provision for income taxes 87,962 3,826 241 73 92,102 Capital expenditures, including purchases of 45,817 2,403 603 988 49,811 Total assets 1,352,988 202,631 31,832 (103,326) 1,484,125 (in thousands) North Europe Asia/ Administrative Total 2020 Net sales $ 1,101,891 $ 156,713 $ 9,341 $ — $ 1,267,945 Sales to other segments * 2,554 5,576 25,320 — 33,450 Income from operations** 265,541 8,396 308 (21,882) 252,363 Depreciation and amortization 30,218 5,856 1,709 984 38,767 Significant non-cash charges 6,929 1,226 376 4,975 13,506 Provision for income taxes 58,201 3,817 613 (67) 62,564 Capital expenditures, including purchases of 29,937 4,248 705 5,816 40,706 Total assets 1,001,168 198,647 32,754 — 1,232,569 * 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 and 2020, 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 statements of operations, income before tax and net income for all periods presented below are not affected by the change of operations. Cash collected by the Company’s U.S. subsidiaries is routinely transferred into the Company’s cash management accounts, and therefore is in the total assets of "Administrative & All Other." Cash and cash equivalent balances in "Administrative & All Other" were $222.5 million, $223.5 million and $199.8 million as of December 31, 2022, 2021 and 2020, respectively. As of December 31, 2022, the Company had $77.9 million, or 25.9%, of its cash and cash equivalents held outside the U.S. in accounts belonging to the Company’s various foreign operating entities. The majority of this balance is held in foreign currencies and could be subject to additional taxation if repatriated to the U.S. The significant non-cash charges comprise compensation related to equity awards under the Company’s stock-based incentive plans and the Company’s employee stock bonus plan. The Company’s measure of profit or loss for its reportable segments is income (loss) from operations. The reconciling amounts between consolidated income before tax and consolidated income from operations are net interest income (expense), net and other, foreign exchange gain (loss), certain legal and professional fees associated with the acquisition of ETANCO, refer to Note 3 "Acquisitions," and loss on disposal of a business. Interest income (expense) is primarily attributed to “Administrative & All Other.” The following table shows the geographic distribution of the Company’s net sales and long-lived assets as of December 31, 2022, 2021 and 2020, respectively: 2022 2021 2020 (in thousands) Net Long-Lived Net Long-Lived Net Long-Lived United States $ 1,615,728 $ 273,407 $ 1,287,085 $ 228,623 $ 1,045,509 $ 215,082 France 170,904 90,296 50,445 5,988 40,672 7,095 Canada 81,036 2,571 70,401 2,861 52,889 3,059 United Kingdom 37,349 1,898 37,408 1,851 24,290 2,073 Germany 42,954 11,507 29,970 9,999 24,069 11,163 Italy 47,294 4,342 — — — — Poland 27,803 2,721 13,909 2,496 11,648 2,779 Sweden 16,156 2,369 17,003 2,664 15,241 2,986 Denmark 12,610 1,015 13,964 2,281 11,931 2,445 Norway 12,241 — 12,736 — 11,138 — Australia 9,468 245 8,120 201 5,749 134 Belgium 15,032 2,182 6,818 2,349 5,311 2,268 Other countries 27,512 11,496 25,358 15,249 19,498 18,246 $ 2,116,087 $ 404,049 $ 1,573,217 $ 274,562 $ 1,267,945 $ 267,330 Net sales and long-lived assets, excluding intangible assets, are attributable to the country where the sales or manufacturing operations are located. The Company’s wood construction products include connectors, truss plates, fastening systems, fasteners and pre-fabricated shearwalls and are used for connecting and strengthening wood-based construction primarily in the residential construction market. Its concrete construction products include adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools and reinforcing fiber materials and are used for restoration, protection or strengthening concrete, masonry and steel construction in residential, industrial, commercial and infrastructure construction. The following table shows the distribution of the Company’s net sales by product for the years ended December 31, 2022, 2021 and 2020, respectively: (in thousands) 2022 2021 2020 Wood Construction $ 1,831,580 $ 1,361,113 $ 1,082,877 Concrete Construction 282,205 210,780 184,631 Other 2,302 1,324 437 Total $ 2,116,087 $ 1,573,217 $ 1,267,945 No customers accounted for at least 10% of net sales for the years ended 2022, 2021 and 2020.

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsEffective January 1, 2023, Mike Olosky, the Company’s President and Chief Operating Officer ("COO") was promoted as the Company’s President and Chief Executive Officer ("CEO").On January 24, 2023, the Company's Board of Directors (the (Board") declared a quarterly cash dividend of $0.26 per share of the Company's common stock, estimated to be $11.1 million in total. The record date for the dividend will be April 6, 2023, and will be paid on April 27, 2023.

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	SCHEDULE II Simpson Manufacturing Co., Inc. and Subsidiaries VALUATION AND QUALIFYING ACCOUNTS for the years ended December 31, 2022, 2021 and 2020 Additions Charged Charged Balance at to Costs to Other Balance (in thousands) Beginning and Accounts — at End Classification of Year Expenses Write-offs Deductions of Year Year to date December 31, 2022 Allowance for doubtful accounts $ 1,932 $ 1,663 $ 356 $ — $ 3,239 Allowance for sales discounts 7,225 1,544 — — 8,769 Allowance for deferred tax assets 11,991 97 — 909 11,179 Year to date December 31, 2021 Allowance for doubtful accounts 2,110 392 570 — 1,932 Allowance for sales discounts 4,566 2,659 — — 7,225 Allowance for deferred tax assets 11,316 1,763 — 1,088 11,991 Year to date December 31, 2020 Allowance for doubtful accounts 1,935 (98) (273) — 2,110 Allowance for sales discounts 4,748 (182) — — 4,566 Allowance for deferred tax assets 11,617 1,166 — 1,467 11,316

Operations and Summary of Sig_2

Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Simpson Manufacturing Co., Inc. and its subsidiaries. Investments in 50% or less owned entities are accounted for using either cost or the equity method. All significant intercompany transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Management believes that these consolidated financial statements include all normal and recurring adjustments necessary for a fair presentation under GAAP.
Cash Equivalents	Cash Equivalents The Company classifies investments that are highly liquid and have maturities of three months or less at the date of purchase as cash equivalents. As of December 31, 2022, and 2021, the value of these investments was $125.1 million and $26.4 million, respectively, consisting of U.S. Treasury securities and money market funds. The value of the investments is based on cost, which approximates fair value based on Level 1 inputs.
Allowance For Doubtful Accounts	Current Estimated Credit Loss - Allowance for doubtful accounts The Company maintains an allowance for doubtful accounts receivable for estimated future expected credit losses resulting from customers' failure to make payments on its accounts receivable. The Company determines the estimate of the allowance for doubtful accounts receivable by considering several factors, including (1) specific information on the financial condition and the current creditworthiness of customers, (2) credit rating, (3) payment history and historical experience, (4) aging of the accounts receivable, and (5) reasonable and supportable forecasts about collectability. The Company also reserves 100% of the amounts deemed uncollectible due to a customer's deteriorating financial condition or bankruptcy. Every quarter, the Company evaluates the customer group using the accounts receivable aging report and its best judgment when considering changes in customers' credit ratings, level of delinquency, customers' historical payments and loss experience, current market and economic conditions, and expectations of future market and economic conditions. The changes in the allowance for doubtful accounts receivable for the year ended December 31, 2022 are outlined in the table below: Balance Balance (in thousands) December 31, 2021 Expense (Deductions), net Write-Offs 1 December 31, 2022 Allowance for Doubtful Accounts $ 1,933 $ 1,663 $ 356 $ 3,240 1 Amount is net of recoveries and the effect of foreign currency fluctuations for the year ended December 31, 2022
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash in banks, short-term investments in money market funds and trade accounts receivable. The Company maintains its cash on demand deposit and in money market accounts held in 31 banks, and at times these cash and investments may be in excess of amounts insured by the Federal Deposit Insurance Corporation (FDIC). However, we have not experienced any losses on these accounts.
Inventory Valuation	Inventory Valuation Inventories are stated at the lower of cost or net realizable value. Cost includes all costs incurred in bringing each product to its present location and condition, as follows: • Raw materials and purchased finished goods for resale — principally valued at a cost determined on a weighted average basis; and • In-process products and finished goods — the cost of direct materials and labor plus attributable overhead based on a normal level of activity. The Company applies net realizable value and makes estimates for obsolescence to the gross value of the inventory. Estimated net realizable value is based on estimated selling price less further costs to completion and disposal. The Company impairs slow-moving products by comparing inventories on hand to projected demand. If the on-hand supply of a product exceeds projected demand or if the Company believes the product is no longer marketable, the product is considered obsolete inventory. The Company revalues obsolete inventory to its net realizable value and has consistently applied this methodology. When impairments are established, a new cost basis for the inventory is created. An unexpected change in market demand, building codes or buyer preferences could reduce the rate of inventory turnover and require the recognition of more obsolete inventory.
Warranties and Recalls	Warranties and recalls
Equity Investments	Equity Investments The Company accounts for investments and ownership interests under equity method accounting when it has the ability to exercise significant influence but does not have a controlling financial interest. The Company records its interest in the net earnings of its equity method investees, along with adjustments for unrealized profits or losses within earnings or loss from equity interests in the consolidated statement of operations. The investment is reviewed for impairment whenever factors indicate the carrying amount might not be recoverable and the decrease in value, if any, is recognized in the period the impairment occurs in the consolidated statement of operations.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or a liability. Assets and liabilities recorded at fair value are measured and classified under a three-tier fair valuation hierarchy based on the observability of the inputs available in the market: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument; and Level 3 inputs are unobservable inputs based on the Company’s assumptions used to measure assets and liabilities at fair value. The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The carrying amounts of trade accounts receivable, accounts payable, accrued liabilities and other current liabilities approximate fair value due to the short-term nature of these instruments. The fair 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. The following tables summarize the financial assets and financial liabilities measured at fair value for the Company as of December 31, 2022 and 2021: 2022 2021 (in millions) Level 1 Level 2 Level 3 Level 1 Cash equivalents (1) $ 125.1 $ — $ — $ 26.4 Term loan due 2027 (2) — 433.1 — — Revolver due 2027 (2) — 150.0 — — Derivative instruments - assets (3) — 43.9 — — Derivative instruments - liabilities (3) — 8.0 — — Contingent considerations — — 6.5 — (1) The carrying amounts of cash equivalents, representing government and other money market funds traded in an active market with relatively short maturities, are reported on the consolidated balance sheet as of December 31, 2022 and 2021 as a component of "Cash and cash equivalents". (2) The carrying amounts of our term loan and revolver approximate fair value as of December 31, 2022 based upon their terms and conditions as disclosed in Note 14 in comparison to debt instruments with similar terms and conditions available on the same date. (3) Derivatives for interest rate, foreign exchange and forward swap contracts are discussed in Note 9. 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 consolidated balance sheets. Assets and liabilities with the legal right of offset are not offset in the 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 consolidated balance sheets; and are reclassified into the line item in the consolidated statement of operations 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
Property, Plant and Equipment including Depreciation and Amortization	Property, Plant and Equipment Property, plant and equipment are carried at cost. Major renewals and betterments are capitalized while maintenance and repairs are expensed as incurred. When assets are sold or retired, their costs and accumulated depreciation are removed from the accounts, and the resulting gains or losses are reflected in the consolidated statements of operations. The “Intangibles—Goodwill and Other” topic of the FASB ASC provides guidance on capitalization of the costs incurred for computer software developed or obtained for internal use. The Company capitalizes qualified external costs and internal costs related to the purchase and implementation of software projects used for business operations and engineering design activities. Capitalized software costs primarily include purchased software, internal costs and external consulting fees. Capitalized software projects are amortized over the estimated useful lives of the software. Depreciation and Amortization Software, including amounts capitalized for internally developed software is amortized on a straight-line basis over an estimated useful life of three three
Common Stock and Preferred Stock	Preferred Stock The Company’s Board of Directors has the authority to issue authorized and unissued preferred stock in one or more series with such designations, rights and preferences as may be determined from time to time by the Board of Directors. Accordingly, the Board of Directors is empowered, without stockholder approval, to issue preferred stock with dividend, redemption, liquidation, conversion, voting or other rights that could adversely affect the voting power or other rights of the holders of the Company’s common stock. Common Stock Subject to the rights of holders of any preferred stock that may be issued in the future, holders of common stock are entitled to receive dividends, if any, as may be declared from time to time by the Board of Directors out of legally available funds, and in the event of liquidation, dissolution or winding-up of the Company, to share ratably in all assets available for distribution. The holders of common stock have no preemptive or conversion rights. Subject to the rights of any preferred stock that may be issued in the future, the holders of common stock are entitled to one vote per share on any matter submitted to a vote of the stockholders. A director in an uncontested election is elected if the votes cast “for” such director’s election exceed the votes cast “against” such director’s election, except that, if a stockholder properly nominates a candidate for election to the Board of Directors, the candidates with the highest number of affirmative votes (up to the number of directors to be elected) are elected. There are no redemption or sinking fund provisions applicable to common stock.
Comprehensive Income or Loss	Comprehensive Income or Loss
Foreign Currency Translation	Foreign Currency Translation
Revenue Recognition	Revenue Recognition
Sales Taxes	The Company presents taxes collected and remitted to governmental authorities on a net basis in the consolidated statements of operations.
Cost of Sales	Cost of Sales Cost of sales includes material, labor, factory and tooling overhead, shipping, and freight costs. Major components of these expenses are steel and other materials, packaging and cartons, personnel costs, and facility costs, such as rent, depreciation and utilities, related to the production and distribution of the Company’s products. Inbound freight charges, purchasing and receiving costs, inspection costs, warehousing costs, internal transfer costs, and other costs of the Company’s distribution network are also included in cost of sales.
Tool and Die Costs	Tool and Die Costs Tool and die costs are included in product costs in the year incurred.
Product and Software Research and Development Costs	Product and Software Research and Development Costs Product research and development costs, which are included in operating expenses and are charged against income as incurred, were $15.7 million, $12.3 million and $10.1 million in 2022, 2021 and 2020, respectively. Product research and development expenses include all related personnel costs including salary, benefits, retirement, stock-based compensation costs, as well as computer and software costs, professional fees, supplies, tools and maintenance costs. In 2022, 2021 and 2020, the Company incurred software development expenses related to its ongoing expansion into the plated truss market and some of the software development costs were capitalized. See "Note 8 — Property, Plant and Equipment." The Company amortizes acquired patents over their remaining lives and performs periodic reviews for impairment. The cost of internally developed patents is expensed as incurred.
Selling Costs, General and Administrative Costs	Selling Costs Selling costs include expenses associated with selling, merchandising and marketing the Company’s products. Major components of these expenses are personnel, sales commissions, facility costs such as rent, depreciation and utilities, professional services, information technology costs, sales promotion, advertising, literature and trade shows. General and Administrative Costs General and administrative costs include personnel, information technology related costs, facility costs such as rent, depreciation and utilities, professional services, amortization of intangibles and bad debt charges.
Advertising Costs	Advertising Costs Advertising costs are included in selling expenses and were $12.6 million, $8.4 million and $8.2 million in 2022, 2021, and 2020, respectively.
Accounting for Stock-Based Compensation	Accounting for Stock-Based Compensation The Company recognizes stock-based compensation expense related to the estimated fair value of restricted stock awards on a straight-line basis, net of estimated forfeitures, over the requisite service period of the awards, which is generally the vesting term of three or four years. Stock-based compensation related to performance share grants are measured based on grant date fair value and expensed on a graded basis over the service period of the awards, which is generally a performance period of three years. The performance conditions are based on the Company's achievement of revenue growth and return on invested capital over the performance period and are evaluated for the probability of vesting at the end of each reporting period with changes in expected results recognized as an adjustment to expense. The assumptions used to calculate the fair value of restricted stock grants are evaluated and revised, as necessary, to reflect market conditions and the Company’s experience.
Income Taxes	Income Taxes
Net Income per Common Share	Net Income per Share Basic net income per common share is computed based on the weighted average number of common shares outstanding. Potentially dilutive shares are included in the diluted per-share calculations using the treasury stock method for all periods when the effect of their inclusion is dilutive.
Adoption of Statements of Financial Accounting Standards	Newly issued and effective accounting standards during 2022 were determined to be not relevant or material to the Company.
Other Current Assets	Other Current Assets Other current assets, which are less than 5% of current assets, consist primarily of prepaid expenses, derivative assets-current, and other miscellaneous assets.

Operations and Summary of Sig_3

Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts Receivable, Allowance for Credit Loss	The changes in the allowance for doubtful accounts receivable for the year ended December 31, 2022 are outlined in the table below: Balance Balance (in thousands) December 31, 2021 Expense (Deductions), net Write-Offs 1 December 31, 2022 Allowance for Doubtful Accounts $ 1,933 $ 1,663 $ 356 $ 3,240 1 Amount is net of recoveries and the effect of foreign currency fluctuations for the year ended December 31, 2022

Net Income per Share (Tables)

Net Income per Share (Tables)	12 Months Ended
Net Income per Share (Tables)	Dec. 31, 2022
Earnings Per Share [Abstract]
Reconciliation of basic earnings per share (EPS) to diluted EPS	The following shows a reconciliation of basic earnings per share (“EPS”) to diluted EPS: For the Year Ended December 31, (in thousands, except per-share amounts) 2022 2021 2020 Net income available to common stockholders $ 333,995 $ 266,447 $ 187,000 Basic weighted average shares outstanding 42,925 43,325 43,709 Dilutive effect of potential common stock equivalents 122 207 132 Diluted weighted average shares outstanding 43,047 43,532 43,841 Net earnings per share: Basic $ 7.78 $ 6.15 $ 4.28 Diluted $ 7.76 $ 6.12 $ 4.27

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
Stockholders' Equity (Tables)	Dec. 31, 2022
Equity [Abstract]
Schedule of components of accumulated other comprehensive income	The following shows the components of accumulated other comprehensive income or loss as of December 31, 2022, 2021, and 2020 respectively: Foreign Currency Translation Pension Benefit Cash Flow Hedge Forward Foreign Currency Total (in thousands) Balance as of January 1, 2020 $ (22,080) $ (2,749) $ — $ — $ (24,829) Other comprehensive gain/(loss), net of tax effect 14,172 (161) — 390 14,401 Balance as of December 31, 2020 (7,908) (2,910) — 390 (10,428) Other comprehensive gain/(loss), net of tax effect (7,313) 404 — 204 (6,705) Amounts reclassified from accumulative other comprehensive income, net of $0 tax — — — (472) (472) Balance at December 31, 2021 (15,221) (2,506) — 122 (17,605) Other comprehensive gain/(loss), net of tax effect (20,942) 2,065 42,740 11,898 35,761 Amounts reclassified from accumulative other comprehensive income, net of $0 tax 209 — (18,987) (3,437) (22,215) Balance at December 31, 2022 $ (35,954) $ (441) $ 23,753 $ 8,583 $ (4,059)

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
Stock-Based Compensation (Tables)	Dec. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Company's stock-based compensation activity	The following table shows the Company’s stock-based compensation activity: Fiscal Years Ended December 31, (in thousands) 2022 2021 2020 Stock-based compensation expense recognized $ 12,503 $ 15,036 $ 11,384 Tax benefit of stock-based compensation expense in provision for income taxes 3,133 3,787 2,859 Stock-based compensation expense, net of tax $ 9,370 $ 11,249 $ 8,525 Fair value of shares vested $ 25,565 $ 15,701 $ 21,921
Schedule of unvested restricted stock unit activity	The following table summarizes the Company’s unvested restricted stock unit activity for the year ended December 31, 2022: Shares Weighted- Aggregate Unvested Restricted Stock Units (RSUs) Outstanding as of January 1, 2022 344 $ 81.33 $ 47,721 Awarded 186 119.60 Vested (219) 65.45 Forfeited (9) 99.29 Outstanding as of December 31, 2022 302 $ 102.10 $ 26,745 Outstanding and expected to vest at December 31, 2022 351 $ 97.86 $ 31,107 * The intrinsic value for outstanding and expected to vest is calculated using the closing price per share of $88.66, as reported by the New York Stock Exchange on December 31, 2022.
Share-based Payment Arrangement, Outstanding Award, Activity, Excluding Option	The Company awarded shares for service through 2022, 2021, and 2020 as shown below: December 31, 2022 2021 2020 Shares issued 9,300 6,900 7,400 Shares settled with cash (foreign employees) 7,400 6,500 5,200 Total award 16,700 13,400 12,600

Trade Accounts Receivable, net

Trade Accounts Receivable, net (Tables)	12 Months Ended
Trade Accounts Receivable, net (Tables)	Dec. 31, 2022
Receivables [Abstract]
Schedule of trade accounts receivable, net	Trade accounts receivable consisted of the following: As of December 31, (in thousands) 2022 2021 Trade accounts receivable $ 276,229 $ 237,312 Allowance for doubtful accounts (3,240) (1,932) Allowance for sales discounts (3,865) (4,359) $ 269,124 $ 231,021

Inventories (Tables)

Inventories (Tables)	12 Months Ended
Inventories (Tables)	Dec. 31, 2022
Inventory Disclosure [Abstract]
Schedule of components of inventories	The components of inventories are as follows: As of December 31, (in thousands) 2022 2021 Raw materials $ 187,149 $ 191,174 In-process products 55,171 30,309 Finished products 314,481 222,273 $ 556,801 $ 443,756

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The effects of fair value and cash flow hedge accounting on the consolidated statements of operations for the periods ended December 31, were 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 Consolidated Statements of Operations in which the effects of fair value or cash flow hedges are recorded $ 1,174,794 $ (7,594) $ (3,408) $ 818,187 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 (1,012) Cross currency swap contract Amount of gain or (loss) reclassified from OCI to earnings 5,650 14,349 Forward contract Amount of gain or (loss) reclassified from OCI to earnings 122 472 The effects of derivative instruments on the consolidated statements of operations for the twelve months ended December 31, 2022 and December 31, 2021 were as follows: 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 $ 26,830 $ — Interest expense $ (1,012) $ — Cross currency contracts 26,174 — Interest expense 5,650 — FX gain (loss) 14,349 — Forward contracts 231 163 Cost of goods sold — 472 Total $ 53,235 $ 163 $ 18,987 $ 472

Property, Plant and Equipment_2

Property, Plant and Equipment, net (Tables)	12 Months Ended
Property, Plant and Equipment, net (Tables)	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment consisted of the following: December 31, (in thousands) 2022 2021 Land $ 50,025 $ 28,175 Buildings and site improvements 233,123 202,393 Leasehold improvements 6,367 5,995 Machinery and equipment 472,907 399,079 762,422 635,642 Less accumulated depreciation and amortization (432,392) (402,246) 330,030 233,396 Capital projects in progress 31,525 26,473 $ 361,555 $ 259,869

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
Goodwill and Intangible Assets (Tables)	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill, by segment	The annual changes in the carrying amount of goodwill, by segment, as of December 31, 2021 and 2022, were as follows, respectively: (in thousands) North Europe Asia Total Balance as of January 1, 2021 $ 96,311 $ 38,059 $ 1,474 $ 135,844 Foreign exchange (4) (1,622) (90) (1,716) Reclassifications — (106) — (106) Balance as of December 31, 2021 96,307 36,331 1,384 134,022 Goodwill acquired 7,444 365,591 — 373,035 Foreign exchange (179) (11,123) (83) (11,385) Reclassifications — — — — Balance as of December 31, 2022 $ 103,572 $ 390,799 $ 1,301 $ 495,672
Schedule of changes in the carrying amounts of finite-lived intangible assets subject to amortization		The annual changes in the carrying amounts of patents, unpatented technologies, customer relationships and non-compete agreements and other intangible assets subject to amortization for the years ended December 31, 2022 and 2021 were as follows: (in thousands) Gross Accumulated Net Patents Balance as of January 1, 2021 $ 4,699 $ (934) $ 3,765 Purchases 6,074 — 6,074 Amortization — (428) (428) Balance as of December 31, 2021 10,773 (1,362) 9,411 Purchases 13,775 (670) 13,105 Amortization — (771) (771) Foreign exchange (376) — (376) Balance as of December 31, 2022 $ 24,172 $ (2,803) $ 21,369 (in thousands) Gross Accumulated Net Unpatented Technology Balance as of January 1, 2021 $ 22,104 $ (16,492) $ 5,612 Amortization — (2,174) (2,174) Reclassifications 348 — 348 Foreign exchange (49) — (49) Balance as of December 31, 2021 22,403 (18,666) 3,737 Amortization — (793) (793) Reclassifications (49) — (49) Foreign exchange 56 — 56 Balance as of December 31, 2022 $ 22,410 $ (19,459) $ 2,951 (in thousands) Gross Accumulated Net Non-Compete Agreements, Balance as of January 1, 2021 $ 21,582 $ (7,724) $ 13,858 Amortization — (2,631) (2,631) Foreign exchange (148) — (148) Balance as of December 31, 2021 21,434 (10,355) 11,079 Purchases of intangible assets 6,880 (5) 6,875 Amortization — (2,572) (2,572) Reclassifications 149 — 149 Foreign exchange (162) — (162) Balance as of December 31, 2022 $ 28,301 $ (12,932) $ 15,369 (in thousands) Gross Accumulated Net Customer Relationships Balance as of January 1, 2021 $ 18,123 $ (15,175) $ 2,948 Disposal (217) — (217) Amortization — (1,186) (1,186) Foreign exchange (117) — (117) Balance as of December 31, 2021 17,789 (16,361) 1,428 Purchases of intangible assets 249,767 (12,223) 237,544 Amortization — (386) (386) Reclassifications (151) — (151) Foreign exchange (6,946) — (6,946) Balance as of December 31, 2022 $ 260,459 $ (28,970) $ 231,489
Schedule of estimated future amortization of intangible assets	December 31, 2022, estimated future amortization of intangible assets was as follows: (in thousands) 2023 $ 20,957 2024 20,012 2025 19,782 2026 19,259 2027 18,953 Thereafter 172,215 $ 271,178
Schedule of finite-lived intangible assets	Definite-lived and indefinite-lived assets, net, by segment as of December 31, 2022, and 2021 were as follows: As of December 31, 2021 Gross Accumulated Net (in thousands) Total Intangible Assets North America $ 46,643 $ (26,346) $ 20,297 Europe 26,371 (20,399) 5,972 Total $ 73,014 $ (46,745) $ 26,269 As of December 31, 2022 Gross Accumulated Net (in thousands) Total Intangible Assets North America $ 53,498 $ (29,782) $ 23,716 Europe 373,538 (34,337) 339,201 Total $ 427,036 $ (64,119) $ 362,917

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2022
Leases [Abstract]
Lease, Cost	Leases The Company has operating leases for certain facilities, equipment and automobiles . The existing operating leases expire at various dates through 2027, some of which include options to extend the leases for up to five years. The Company measured the lease liability at the present value of the lease payments to be made over the lease term. The lease payments are discounted using the Company's incremental borrowing rate. The Company measured the right-of-use ("ROU") assets at the amount at which the lease liability is recognized plus initial direct costs incurred or prepayment amounts. The ROU assets are amortized on a straight-line basis over the lease term. The following table provides a summary of leases included on the consolidated balance sheets as of December 31, 2022, and 2021, and consolidated statements of operations, and consolidated statements of cash flows for the year ended December 31, 2022 and 2021: Consolidated Balance Sheets Line Item As of December 31, 2022 2021 (in thousands) Operating leases Assets Operating leases Operating lease right-of-use assets $ 57,652 $ 45,438 Liabilities Operating-current Accrued expenses and other current liabilities $ 11,544 $ 8,769 Operating-noncurrent Operating lease liabilities 46,882 37,091 Total operating lease liabilities $ 58,426 $ 45,860 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net (3,569) (3,416) Property and equipment, net Property, plant and equipment, net $ — $ 153 The components of lease expense were as follows: Consolidated Statements of Operations Line Item Years Ended (in thousands) 2022 2021 Operating lease cost General administrative expenses and $ 13,794 $ 11,704 Finance lease cost: Amortization of right-of-use assets General administrative expenses $ — $ 324 Interest on lease liabilities Interest expense, net — 2 Total finance lease cost $ — $ 326 Supplemental cash flow information related to leases is as follows: Years Ended (in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 13,355 $ 11,443 Finance cash flows for finance leases $ — $ 437 Operating right-of-use assets obtained in exchange for new lease liabilities Operating leases $ 19,587 $ 11,530 The following table summarizes the Company’s lease terms and discount rates as of December 31, 2022: Years Ended 2022 2021 Weighted-average remaining lease terms (in years): Operating leases 6.10 6.88 Weighted-average discount rate: Operating leases 4.68 % 5.22 %
Finance Lease, Liability, Maturity	The following is a schedule, by years, of maturities for lease liabilities as of December 31, 2022: (in thousands) Operating Leases 2023 $ 14,157 2024 12,291 2025 10,292 2026 8,192 2027 6,518 Thereafter 16,680 Total lease payments 68,129 Less: Present value discount (9,703) Total lease liabilities $ 58,426
Lessee, Operating Lease, Liability, Maturity	The following is a schedule, by years, of maturities for lease liabilities as of December 31, 2022: (in thousands) Operating Leases 2023 $ 14,157 2024 12,291 2025 10,292 2026 8,192 2027 6,518 Thereafter 16,680 Total lease payments 68,129 Less: Present value discount (9,703) Total lease liabilities $ 58,426

Accrued Liabilities and Other_2

Accrued Liabilities and Other Current Liabilities (Tables)	12 Months Ended
Accrued Liabilities and Other Current Liabilities (Tables)	Dec. 31, 2022
Payables and Accruals [Abstract]
Schedule of accrued liabilities	Accrued liabilities and other current liabilities consisted of the following: As of December 31, (in thousands) 2022 2021 Labor related liabilities $ 63,451 $ 46,821 Sales incentives & advertising allowances 69,029 63,702 Accrued cash profit sharing and commissions 22,816 24,178 Sales tax payable and other 35,564 20,822 Dividends payable 11,170 10,806 Accrued profit sharing trust contributions 14,648 12,289 Operating lease - current portion 11,544 8,769 $ 228,222 $ 187,387

Debt (Tables)

Debt (Tables)	12 Months Ended
Debt (Tables)	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Interest Expense	The following is a schedule, by years, of maturities for the remaining term loan facility as of December 31, 2022: (in thousands) 5-Year Term Loan 2023 22,500 2024 22,500 2025 22,500 2026 22,500 2027 343,125 Total loan outstanding $ 433,125

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes from operations	The provision for income taxes from operations consisted of the following: Years Ended December 31, (in thousands) 2022 2021 2020 Current Federal $ 90,703 $ 65,861 $ 42,337 State 25,347 19,515 12,571 Foreign 12,544 7,641 4,478 Deferred 0 Federal (5,806) 802 2,330 State (801) (169) 598 Foreign (7,917) (1,548) 250 $ 114,070 $ 92,102 $ 62,564
Schedule of income and loss from operations before income taxes	Income and loss from operations before income taxes for the years ended December 31, 2022, 2021, and 2020, respectively, consisted of the following: Years Ended December 31, (in thousands) 2022 2021 2020 Domestic $ 437,506 $ 336,085 $ 238,320 Foreign 10,559 22,464 11,244 $ 448,065 $ 358,549 $ 249,564
Schedule of effective income tax rates reconciliations	Reconciliations between the statutory federal income tax rates and the Company’s effective income tax rates as a percentage of income before income taxes for its operations were as follows: Years Ended December 31, (in thousands) 2022 2021 2020 Federal tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 4.4 % 4.3 % 4.2 % Change in valuation allowance — % — % 0.1 % True-up of prior year tax returns to tax provision — % (0.1) % (0.4) % Difference between U.S. statutory and foreign local tax rates 0.2 % 0.4 % 0.4 % Change in uncertain tax position — % — % — % Other (0.1) % 0.1 % (0.2) % Effective income tax rate 25.5 % 25.7 % 25.1 %
Schedule of deferred tax assets and liabilities	The tax effects of the significant temporary differences that constitute the deferred tax assets and liabilities as of December 31, 2022, and 2021, respectively, were as follows: As of December 31, (in thousands) 2022 2021 Deferred asset taxes State tax $ 1,857 $ 1,490 Health claims 2,877 1,351 Inventories 7,902 7,497 Sales incentive and advertising allowances 2,191 1,777 Lease obligations 14,827 11,562 Stock-based compensation 2,251 2,612 Foreign tax credit carryforwards 4,961 4,983 Non-United States tax loss carry forward 6,557 7,824 Acquisition expense 2,409 609 Capitalized research & development expenditures 6,671 — Other 2,533 1,889 Total deferred tax assets $ 55,036 $ 41,594 Less valuation allowances (11,180) (11,992) Total deferred asset taxes $ 43,856 $ 29,602 Deferred tax liabilities Depreciation $ (28,271) $ (14,999) Goodwill and other intangibles amortization (102,998) (16,682) Right of use assets (14,635) (11,453) Hedging OCI (10,284) — Total deferred tax liabilities (156,188) (43,134) Total Deferred tax asset/(liability) $ (112,332) $ (13,532)
Schedule of reconciliation of unrecognized tax benefits, including foreign translation amount	A reconciliation of the beginning and ending amounts of unrecognized tax benefits in 2022, 2021 and 2020, respectively, were as follows, including foreign translation amounts: Reconciliation of Unrecognized Tax Benefits 2022 2021 2020 Balance as of January 1 $ 944 $ 1,168 $ 1,706 Additions based on tax positions related to prior years 6,528 9 78 Reductions based on tax positions related to prior years (38) (47) (7) Additions for tax positions of the current year 73 3 48 Lapse of statute of limitations (275) (189) (657) Balance as of December 31 $ 7,232 $ 944 $ 1,168

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
Segment Information (Tables)	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of performance of reportable segments	The following table shows certain measurements used by management to assess the performance of the segments described above as of December 31, 2022, 2021 and 2020, respectively: (in thousands) North Europe Asia/ Administrative Total 2022 Net sales $ 1,701,041 $ 400,303 $ 14,743 $ — $ 2,116,087 Sales to other segments * 4,862 5,732 32,979 — 43,573 Income from operations** 485,899 11,121 723 (38,676) 459,067 Depreciation and amortization 36,003 22,594 1,730 563 60,890 Significant non-cash charges 7,504 1,099 510 5,868 14,981 Provision for income taxes 112,537 1,193 1,091 (751) 114,070 Business acquisitions, net of cash acquired, capital expenditures, asset acquisition, and equity 54,594 817,163 1,173 2,871 875,801 Total assets 1,393,968 675,634 34,599 399,770 2,503,971 (in thousands) North Europe Asia/ Administrative Total 2021 Net sales $ 1,362,941 $ 196,996 $ 13,280 $ — $ 1,573,217 Sales to other segments * 2,237 5,696 27,109 — 35,042 Income from operations** 359,140 14,160 1,193 (6,700) 367,793 Depreciation and amortization 33,950 6,172 1,844 511 42,477 Significant non-cash charges 8,173 1,943 166 7,607 17,889 Provision for income taxes 87,962 3,826 241 73 92,102 Capital expenditures, including purchases of 45,817 2,403 603 988 49,811 Total assets 1,352,988 202,631 31,832 (103,326) 1,484,125 (in thousands) North Europe Asia/ Administrative Total 2020 Net sales $ 1,101,891 $ 156,713 $ 9,341 $ — $ 1,267,945 Sales to other segments * 2,554 5,576 25,320 — 33,450 Income from operations** 265,541 8,396 308 (21,882) 252,363 Depreciation and amortization 30,218 5,856 1,709 984 38,767 Significant non-cash charges 6,929 1,226 376 4,975 13,506 Provision for income taxes 58,201 3,817 613 (67) 62,564 Capital expenditures, including purchases of 29,937 4,248 705 5,816 40,706 Total assets 1,001,168 198,647 32,754 — 1,232,569 * 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 and 2020, 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 statements of operations, income before tax and net income for all periods presented below are not affected by the change of operations.
Schedule of net sales and long-lived assets by geographical segments	The following table shows the geographic distribution of the Company’s net sales and long-lived assets as of December 31, 2022, 2021 and 2020, respectively: 2022 2021 2020 (in thousands) Net Long-Lived Net Long-Lived Net Long-Lived United States $ 1,615,728 $ 273,407 $ 1,287,085 $ 228,623 $ 1,045,509 $ 215,082 France 170,904 90,296 50,445 5,988 40,672 7,095 Canada 81,036 2,571 70,401 2,861 52,889 3,059 United Kingdom 37,349 1,898 37,408 1,851 24,290 2,073 Germany 42,954 11,507 29,970 9,999 24,069 11,163 Italy 47,294 4,342 — — — — Poland 27,803 2,721 13,909 2,496 11,648 2,779 Sweden 16,156 2,369 17,003 2,664 15,241 2,986 Denmark 12,610 1,015 13,964 2,281 11,931 2,445 Norway 12,241 — 12,736 — 11,138 — Australia 9,468 245 8,120 201 5,749 134 Belgium 15,032 2,182 6,818 2,349 5,311 2,268 Other countries 27,512 11,496 25,358 15,249 19,498 18,246 $ 2,116,087 $ 404,049 $ 1,573,217 $ 274,562 $ 1,267,945 $ 267,330
Schedule of distribution of the Company's net sales by product group	The following table shows the distribution of the Company’s net sales by product for the years ended December 31, 2022, 2021 and 2020, respectively: (in thousands) 2022 2021 2020 Wood Construction $ 1,831,580 $ 1,361,113 $ 1,082,877 Concrete Construction 282,205 210,780 184,631 Other 2,302 1,324 437 Total $ 2,116,087 $ 1,573,217 $ 1,267,945

Operations and Summary of Sig_4

Operations and Summary of Significant Accounting Policies - PP&E and Other Misc Disclosures (Details)	12 Months Ended
	Dec. 31, 2022 bank
Property, Plant and Equipment [Line Items]
High end of the range of the required percentage voting interest held to account for investments with the equity method of accounting	50%
Allowance for Doubtful Accounts
Number of banks where demand deposit or money market accounts are held by the company	31
Buildings and site improvements
Depreciation and Amortization
Estimated useful life	16 years
Minimum \| Machinery and equipment
Depreciation and Amortization
Estimated useful life	3 years
Minimum \| Buildings and site improvements
Depreciation and Amortization
Estimated useful life	15 years
Minimum \| Software development
Depreciation and Amortization
Estimated useful life	3 years
Maximum \| Machinery and equipment
Depreciation and Amortization
Estimated useful life	10 years
Maximum \| Buildings and site improvements
Depreciation and Amortization
Estimated useful life	45 years
Maximum \| Software development
Depreciation and Amortization
Estimated useful life	5 years

Operations and Summary of Sig_5

Operations and Summary of Significant Accounting Policies - CECL Rollforward (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Accounting Policies [Abstract]
Percentage of uncollectible accounts receivable	100%
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 1,933
Accounts Receivable, Allowance for Credit Loss, Writeoff	356
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	1,663
Ending balance	$ 3,240

Operations and Summary of Sig_6

Operations and Summary of Significant Accounting Policies - Research and Development and Advertisting Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Product and Software Research and Development Costs
Product Research and Development Costs	$ 15.7	$ 12.3	$ 10.1
Selling Costs
Advertising expenses	$ 12.6	$ 8.4	$ 8.2

Operations and Summary of Sig_7

Operations and Summary of Significant Accounting Policies - Stock Based Compensation (Details)	12 Months Ended
	Dec. 31, 2022
Accounting for Stock-Based Compensation
Requisite service period for options to vest	3 years
Vesting period	4 years

Operations and Summary of Sig_8

Operations and Summary of Significant Accounting Policies - Deprecation and Amortization (Details)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period	9 years 1 month 6 days
Buildings and site improvements
Property, Plant and Equipment [Line Items]
Estimated useful life	16 years
Minimum \| Software development
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Minimum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Minimum \| Buildings and site improvements
Property, Plant and Equipment [Line Items]
Estimated useful life	15 years
Maximum \| Software development
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Maximum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
Maximum \| Buildings and site improvements
Property, Plant and Equipment [Line Items]
Estimated useful life	45 years

Operations and Summary of Sig_9

Operations and Summary of Significant Accounting Policies - Fair Value Table (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative Liability	$ 8
Fair Value, Inputs, Level 1
Derivatives, Fair Value [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	125.1	$ 26.4
Long-term Debt, Fair Value	0	0
Contingent Consideration Classified as Equity, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 \| Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Derivative Liability	0	0
Fair Value, Inputs, Level 1 \| Derivative Contracts
Derivatives, Fair Value [Line Items]
Derivative Liability	0	0
Fair Value, Inputs, Level 1 \| Primary Revolving Credit Facility
Derivatives, Fair Value [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding	0	$ 0
Fair Value, Inputs, Level 2
Derivatives, Fair Value [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0
Long-term Debt, Fair Value	433.1
Contingent Consideration Classified as Equity, Fair Value Disclosure	0
Fair Value, Inputs, Level 2 \| Derivative Contracts
Derivatives, Fair Value [Line Items]
Derivative Liability	43.9
Fair Value, Inputs, Level 2 \| Primary Revolving Credit Facility
Derivatives, Fair Value [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding	150
Fair Value, Inputs, Level 3
Derivatives, Fair Value [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0
Long-term Debt, Fair Value	0
Contingent Consideration Classified as Equity, Fair Value Disclosure	6.5
Fair Value, Inputs, Level 3 \| Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Derivative Liability	0
Fair Value, Inputs, Level 3 \| Derivative Contracts
Derivatives, Fair Value [Line Items]
Derivative Liability	0
Fair Value, Inputs, Level 3 \| Primary Revolving Credit Facility
Derivatives, Fair Value [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding	$ 0

Business Combinations and Ass_2

Business Combinations and Asset Acquisitions (Details) - USD ($) $ / shares in Units, shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Apr. 01, 2022
Business Combinations [Abstract]
Proceeds from lines of credit	$ 717,268,000	$ 16,752,000	$ 169,164,000
Depreciation	43,400,000	36,100,000	32,100,000
Amortization of Intangible Assets	$ 17,400,000	6,400,000	$ 6,100,000
Buildings and site improvements
Business Combinations [Abstract]
Estimated useful life	16 years
Acquisition-related Costs
Business Combinations [Abstract]
Business Acquisition, Pro Forma Net Income (Loss)	$ 17,300,000
Amortization, Pro forma
Business Combinations [Abstract]
Business Acquisition, Pro Forma Net Income (Loss)	14,300,000
Net Income, Pro Forma with Adjustment
Business Combinations [Abstract]
Business Acquisition, Pro Forma Net Income (Loss)	$ 400,000	3,200,000
Minimum \| Buildings and site improvements
Business Combinations [Abstract]
Estimated useful life	15 years
Minimum \| machinery equipment and software development
Business Combinations [Abstract]
Estimated useful life	3 years
Maximum \| Buildings and site improvements
Business Combinations [Abstract]
Estimated useful life	45 years
Maximum \| machinery equipment and software development
Business Combinations [Abstract]
Estimated useful life	10 years
ETANCO [Member]
Business Combinations [Abstract]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage				100%
Cash paid for acquisition	$ 805,400,000
Cash and cash equivalents	19,010,000
Trade accounts receivable, net	63,607,000
Inventory	107,185,000
Other current assets	4,491,000
Property and equipment, net	89,695,000
Business Combination, Separately Recognized Transactions, Assets Recognized	5,361,000
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest	365,591,000
Intangible assets, net	357,327,000
Other noncurrent assets	2,881,000
Total assets	1,015,148,000
Trade accounts payable	46,457,000
Accrued liabilities and other current liabilities	22,079,000
Operating lease liabilities	5,176,000
Deferred Tax Liabilities, Tax Deferred Income	117,031,000
Total purchase price	824,405,000
Business Combination, Acquired Receivables, Gross Contractual Amount	67,400,000
Inventory, Finished Goods, Gross	14,300,000
Depreciation	5,400,000
Amortization of Intangible Assets	13,000,000
Business Combination, Integration Related Costs	17,300,000	2,300,000
Deferred Taxes, Business Combination, Valuation Allowance, Available to Reduce Intangible Assets	105,900,000
Business Acquisition, Pro Forma Revenue	2,195,271,000	1,884,654,000
Business Acquisition, Pro Forma Net Income (Loss)	$ 363,527,000	$ 261,389,000
Basic Earnings Per Share, Pro Forma	$ 8.47	$ 6.03
Diluted Earnings Per Share Pro Forma	$ 8.44	$ 6
Weighted Average Number Basic Shares Outstanding Adjustment, Pro Forma		43,325
Pro Forma Weighted Average Shares Outstanding, Diluted		43,532
ETANCO [Member] \| Land [Member]
Business Combinations [Abstract]
Finite-lived Intangible Assets Acquired	$ 16,100,000
ETANCO [Member] \| Buildings and site improvements
Business Combinations [Abstract]
Finite-lived Intangible Assets Acquired	32,500,000
ETANCO [Member] \| machinery equipment and software development
Business Combinations [Abstract]
Finite-lived Intangible Assets Acquired	41,100,000
ETANCO [Member] \| Customer Relationships
Business Combinations [Abstract]
Intangible assets, net	$ 248,398,000
Weighted-average amortization period	15 years
ETANCO [Member] \| Trade Name
Business Combinations [Abstract]
Intangible assets, net	$ 93,811,000
ETANCO [Member] \| Developed Technology Rights
Business Combinations [Abstract]
Intangible assets, net	$ 11,256,000
Weighted-average amortization period	10 years
ETANCO [Member] \| Patents
Business Combinations [Abstract]
Intangible assets, net	$ 3,862,000
Weighted-average amortization period	8 years
Primary Revolving Credit Facility
Business Combinations [Abstract]
Proceeds from lines of credit	$ 250,000,000
Credit facility, total available credit	450,000,000
Primary Revolving Credit Facility \| ETANCO [Member]
Business Combinations [Abstract]
Proceeds from lines of credit	250,000,000
Credit facility, total available credit	450,000,000
ETANCO [Member] \| ETANCO [Member]
Business Combinations [Abstract]
Business Combination, Separately Recognized Transactions, Revenues and Gains Recognized	212,600,000
Net Loss	(5,900,000)
Business Combination, Consideration Transferred	824,400,000
Trade accounts receivable, net	63,600,000
Business Combination, Separately Recognized Transactions, Assets Recognized	$ 955,100,000

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Retained earnings	$ 1,118,030	$ 906,841
ASC 606 \| Wood construction products
Disaggregation of Revenue [Line Items]
Percentage of net sales	87%	87%	85%
ASC 606 \| Concrete construction products
Disaggregation of Revenue [Line Items]
Percentage of net sales	13%	13%	15%
ASC 606 \| Other
Disaggregation of Revenue [Line Items]
Percentage of net sales	0.10%

Net Income per Share - Shares a

Net Income per Share - Shares and EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of basic earnings per share ("EPS") to diluted EPS
Net income	$ 333,995	$ 266,447	$ 187,000
Dilutive effect of potential common stock equivalents - stock options (in shares)	122	207	132
Net earnings per share:
Earnings per share, basic (in shares)	$ 7.78	$ 6.15	$ 4.28
Earnings per share, diluted (in shares)	$ 7.76	$ 6.12	$ 4.27

Stockholders' Equity - Stock Re

Stockholders' Equity - Stock Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 09, 2019	Dec. 01, 2018
Accelerated Share Repurchases [Line Items]
Treasury Stock, Shares	811,330,000
Stock Repurchased During Period, Shares	811,330,000
Stock repurchase, average cost per share (in USD per share)	$ 96,910
Treasury Stock, Value, Acquired, Par Value Method	$ 78.6
2018 Stock Repurchase Program [Member] [Member]
Accelerated Share Repurchases [Line Items]
Common stock repurchase, authorized amount			$ 100
2019 Stock Repurchase Program [Member]
Accelerated Share Repurchases [Line Items]
Common stock repurchase, authorized amount		$ 100

Stockholders' Equity - Comprehe

Stockholders' Equity - Comprehensive Income (Loss) - (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (4,059)	$ (17,605)	$ (10,428)	$ (24,829)
Other Comprehensive Income (Loss), Net of Tax	35,761	(6,705)	14,401
Amounts reclassified from accumulative other comprehensive income, net of $0 tax	(22,215)	(472)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(35,954)	(15,221)	(7,908)	(22,080)
Other Comprehensive Income (Loss), Net of Tax	(20,942)	(7,313)	14,172
Amounts reclassified from accumulative other comprehensive income, net of $0 tax	209
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(441)	(2,506)	(2,910)	(2,749)
Other Comprehensive Income (Loss), Net of Tax	2,065	404	(161)
Amounts reclassified from accumulative other comprehensive income, net of $0 tax	0
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	23,753	0	0	0
Other Comprehensive Income (Loss), Net of Tax	42,740	0	0
Amounts reclassified from accumulative other comprehensive income, net of $0 tax	(18,987)
Forward Foreign Currency
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(8,583)	(122)	(390)	$ 0
Other Comprehensive Income (Loss), Net of Tax	11,898	204	$ 390
Amounts reclassified from accumulative other comprehensive income, net of $0 tax	$ (3,437)	$ (472)

Stock-Based Compensation (Detai

Stock-Based Compensation (Details)	12 Months Ended
Stock-Based Compensation (Details)	Dec. 31, 2022 USD ($) director $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) shares
Unrecognized compensation cost and vesting period
Unrecognized compensation costs related to unvested stock-based compensation arrangements \| $	$ 16,100,000
Weighted-average period for recognition of unrecognized stock-based compensation expense	2 years 1 month 6 days
Other disclosures
Shares issued and committed to issue \| shares	16,700	13,400	12,600
Shares committed to be issued \| shares	9,300	6,900	7,400
Shares expected to be settled In cash \| shares	7,400	6,500	5,200
Stock-based compensation expense recognized in operating expenses \| $	$ (12,503,000)	$ (15,036,000)	$ (11,384,000)
Requisite service period for options to vest	3 years
Tax benefit of stock-based compensation expense in provision for income taxes \| $	$ 3,133,000	3,787,000	2,859,000
Share-based Payment Arrangement, Expense, after Tax \| $	9,370,000	11,249,000	8,525,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value \| $	$ 25,565,000	$ 15,701,000	21,921,000
Weighted average grant date, period	60 days
Vesting period	4 years
Restricted Stock Units
Restricted stock unit activity
Outstanding at the beginning of the period (in shares) \| shares	344,000
Awarded (in shares) \| shares	186,000
Vested (in shares) \| shares	(219,000)
Forfeited (in shares) \| shares	(9,000)
Outstanding at the end of the period (in shares) \| shares	302,000	344,000
Outstanding and expected to vest at the end of the period (in shares) \| shares	351,000
Weighted-Average Exercise Price
Outstanding at the beginning of the period (in dollars per share) \| $ / shares	$ 81.33
Awarded (in dollars per share) \| $ / shares	119.60
Vested (in dollars per share) \| $ / shares	65.45
Forfeited (in dollars per share) \| $ / shares	99.29
Outstanding at the end of the period (in dollars per share) \| $ / shares	102.10	$ 81.33
Outstanding and expected to vest at the end of the period (in dollars per share) \| $ / shares	$ 97.86
Aggregate Intrinsic Value
Outstanding at the end of the period (in dollars) \| $	$ 26,745,000	$ 47,721,000
Outstanding and expected to vest at end of the period (in dollars) \| $	$ 31,107,000
Closing price per share (in dollars per share) \| $ / shares	$ 88.66
Total intrinsic value of awards vested (in dollars) \| $	$ 25,600,000	$ 15,700,000	21,900,000
Weighted-Average Exercise Price
Outstanding at the beginning of the period (in dollars per share) \| $ / shares	$ 81.33
Forfeited (in dollars per share) \| $ / shares	99.29
Outstanding at the end of the period (in dollars per share) \| $ / shares	$ 102.10	$ 81.33
Aggregate Intrinsic Value
Outstanding at the end of the period (in dollars) \| $	$ 26,745,000	$ 47,721,000
Other disclosures
Stock-based compensation expense recognized in operating expenses \| $	$ (655,000)
Phantom Share Units (PSUs)
Other disclosures
Vesting period	3 years
2011 Plan \| Non-Qualified Stock Options
Stock-Based Compensation
Maximum common stock shares that may be issued under plan \| shares	16,300,000
Stock Bonus Plan \| Restricted Stock Units
Aggregate Intrinsic Value
Total intrinsic value of awards vested (in dollars) \| $	$ 1,500,000	$ 1,700,000	$ 1,200,000
Independent directors \| Restricted Stock Units
Aggregate Intrinsic Value
Number Of Directors \| director	7
Other disclosures
Deferred Compensation Arrangement with Individual, Allocated Share-based Compensation Expense \| $	$ 704,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted \| shares	6,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price \| $ / shares	$ 105.50
Employees \| Restricted Stock Units
Restricted stock unit activity
Awarded (in shares) \| shares	180,000
Weighted-Average Exercise Price
Awarded (in dollars per share) \| $ / shares	$ 120.09
Other disclosures
Vesting period	4 years

Trade Accounts Receivable, ne_2

Trade Accounts Receivable, net (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Trade accounts receivable	$ 276,229	$ 237,312
Allowance for doubtful accounts	(3,240)	(1,932)
Allowance for sales discounts	(3,865)	(4,359)
Trade accounts receivable, net	$ 269,124	$ 231,021

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 187,149	$ 191,174
In-process products	55,171	30,309
Finished products	314,481	222,273
Total inventories	$ 556,801	$ 443,756

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
Derivative Instruments (Details) - USD ($) $ in Thousands	Nov. 30, 2022	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Cost of sales			$ 1,174,794	$ 818,187	$ 691,561
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net			122	472
Interest expense, net and other			(7,594)	(1,386)	$ (2,012)
Forward Contract Indexed to Equity, Settlement, Cash, Amount		$ 3,900
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI		1,100	3,300
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net		28,300
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			(3,408)
Derivative Asset			43,900
Derivative Liability			$ 8,000
Derivative, Currency Sold			14.8 million
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion			$ (18,987)	(472)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax			53,235	163
Cash Flow Hedging \| Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Interest expense, net and other			(7,594)
Net Investment Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			20,200
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax			13,000
Cross Currency Indexed to Equity, Settlement, Cash, Amount
Derivative Instruments, Gain (Loss) [Line Items]
Forward Contract Indexed to Equity, Settlement, Cash, Amount		22,400
Hedge Accounting Reserve Balance
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax		7,000
Forward Points
Derivative Instruments, Gain (Loss) [Line Items]
Forward Contract Indexed to Equity, Settlement, Cash, Amount		400
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI			3,500
Swap
Derivative Instruments, Gain (Loss) [Line Items]
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI		$ 21,300
Interest Rate Contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount			583,200
Interest Rate Contract \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax			26,830	0
Interest Rate Contract \| Cash Flow Hedging \| Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion			(1,012)	0
Cross Currency Interest Rate Contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Liability, Notional Amount			454,100
Cross Currency Interest Rate Contract \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax			26,174	0
Cross Currency Interest Rate Contract \| Cash Flow Hedging \| Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			5,650
Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion			5,650	0
Cross Currency Interest Rate Contract \| Cash Flow Hedging \| Foreign Currency Gain (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			14,349
Forward Contracts \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax			231	163
Forward Contracts \| Cash Flow Hedging \| Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion			0	472
Foreign Exchange Contract \| Cash Flow Hedging \| Foreign Currency Gain (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			14,349	$ 0
EUR Forward Contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount			321,700
CNY Forward Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount			$ 14,800
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	$ 102,400

Property, Plant and Equipment_3

Property, Plant and Equipment, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 762,422	$ 635,642
Less accumulated depreciation and amortization	432,392	402,246
Property Plant and Equipment Excluding Capital Projects in Progress	330,030	233,396
Capital projects in progress	31,525	26,473
Property, plant and equipment, net	361,555	259,869
Fully Depreciated Property, Plant and Equipment, Original Cost	253,500	234,000
Depreciation	43,400	36,100	$ 32,100
Software Development [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	33,300	30,200
Capital projects in progress	7,000	4,800
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	50,025	28,175
Buildings and site improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	233,123	202,393
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	6,367	5,995
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 472,907	$ 399,079

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Carrying amount of goodwill by reportable segment
Increase (Decrease) in Other Current Assets	$ 6,107	$ 1,951	$ 845
Amortization of Intangible Assets	(17,400)	(6,400)	(6,100)
Goodwill [Roll Forward]
Goodwill	495,672	134,022	135,844
Goodwill acquired	373,035
Foreign exchange	(11,385)	(1,716)
Goodwill, Other Increase (Decrease)	0	106
Gross Carrying Amount	427,036	73,014
Finite-Lived Intangible Assets, Net	271,178
Foreign exchange	(162)
North America
Goodwill [Roll Forward]
Goodwill	103,572	96,307	96,311
Goodwill acquired	7,444
Foreign exchange	(179)	(4)
Goodwill, Other Increase (Decrease)	0	0
Gross Carrying Amount	53,498	46,643
Europe
Goodwill [Roll Forward]
Goodwill	390,799	36,331	38,059
Goodwill acquired	365,591
Foreign exchange	(11,123)	(1,622)
Goodwill, Other Increase (Decrease)	0	106
Gross Carrying Amount	373,538	26,371
Asia/Pacific
Goodwill [Roll Forward]
Goodwill	1,301	1,384	1,474
Goodwill acquired	0
Foreign exchange	(83)	(90)
Goodwill, Other Increase (Decrease)	0	0
Patents
Carrying amount of goodwill by reportable segment
Amortization of Intangible Assets	(771)	(428)
Goodwill [Roll Forward]
Gross Carrying Amount	24,172	10,773	4,699
Amortization of Intangible Assets, Purchases	670
Finite-Lived Intangible Assets, Net	13,105	6,074
Finite-lived Intangible Assets Acquired	13,775	6,074
Foreign exchange	(376)
Noncompete Agreements Trademarks and Other
Carrying amount of goodwill by reportable segment
Amortization of Intangible Assets	(2,572)	(2,631)
Reclassifications	(149)
Goodwill [Roll Forward]
Gross Carrying Amount	28,301	21,434	21,582
Amortization of Intangible Assets, Purchases	(5)
Foreign exchange	(162)	(148)
Unpatented Technology
Carrying amount of goodwill by reportable segment
Amortization of Intangible Assets	(793)	(2,174)
Reclassifications	49	348
Goodwill [Roll Forward]
Gross Carrying Amount	22,410	22,403	22,104
Foreign exchange	56	(49)
Customer Relationships
Carrying amount of goodwill by reportable segment
Amortization of Intangible Assets	(386)	(1,186)
Reclassifications	151
Goodwill [Roll Forward]
Gross Carrying Amount	260,459	17,789	$ 18,123
Amortization of Intangible Assets, Purchases		12,223
Finite-Lived Intangible Assets, Net	237,544
Finite-lived Intangible Assets Acquired	249,767
Foreign exchange	$ (6,946)	$ (117)

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Amortizable Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amortizable Intangible assets
Gross Carrying Amount	$ 427,036	$ 73,014
Accumulated Amortization	(64,119)	(46,745)
Amortization of Intangible Assets	$ (17,400)	(6,400)	$ (6,100)
Finite-Lived Intangible Assets, Remaining Amortization Period	9 years 1 month 6 days
Intangible assets, net	$ 362,917	26,269
Capital expenditures and asset acquisitions, net of cash acquired	875,801	49,811	40,706
Goodwill, Other Increase (Decrease)	0	106
Foreign exchange	(162)
2019	20,957
2020	20,012
2021	19,782
2022	19,259
2023	18,953
Thereafter	172,215
Finite-Lived Intangible Assets, Net	271,178
Increase (Decrease) in Other Current Assets	(6,107)	(1,951)	(845)
Finite-lived Intangible Assets, Purchase Of Intangibles	6,875
Patents
Amortizable Intangible assets
Gross Carrying Amount	24,172	10,773	4,699
Accumulated Amortization	(2,803)	(1,362)	(934)
Amortization of Intangible Assets	(771)	(428)
Intangible assets, net	21,369	9,411	3,765
Finite-lived Intangible Assets Acquired	13,775	6,074
Amortization of Intangible Assets, Purchases	(670)
Foreign exchange	(376)
Finite-Lived Intangible Assets, Net	13,105	6,074
Unpatented Technology
Amortizable Intangible assets
Gross Carrying Amount	22,410	22,403	22,104
Accumulated Amortization	(19,459)	(18,666)	(16,492)
Amortization of Intangible Assets	(793)	(2,174)
Intangible assets, net	2,951	3,737	5,612
Reclassifications	(49)	(348)
Foreign exchange	56	(49)
Noncompete Agreements Trademarks and Other
Amortizable Intangible assets
Gross Carrying Amount	28,301	21,434	21,582
Accumulated Amortization	(12,932)	(10,355)	(7,724)
Amortization of Intangible Assets	(2,572)	(2,631)
Intangible assets, net	15,369	11,079	13,858
Amortization of Intangible Assets, Purchases	5
Reclassifications	149
Foreign exchange	(162)	(148)
Finite-lived Intangible Assets, Purchase Of Intangibles	6,880
Customer Relationships
Amortizable Intangible assets
Gross Carrying Amount	260,459	17,789	18,123
Accumulated Amortization	(28,970)	(16,361)	(15,175)
Amortization of Intangible Assets	(386)	(1,186)
Intangible assets, net	231,489	1,428	2,948
Finite-lived Intangible Assets Acquired	249,767
Gain (Loss) on Disposition of Intangible Assets		(217)
Amortization of Intangible Assets, Purchases		(12,223)
Reclassifications	(151)
Foreign exchange	(6,946)	(117)
Finite-Lived Intangible Assets, Net	237,544
North America
Amortizable Intangible assets
Gross Carrying Amount	53,498	46,643
Accumulated Amortization	(29,782)	(26,346)
Intangible assets, net	23,716	20,297
Capital expenditures and asset acquisitions, net of cash acquired	54,594	45,817	$ 29,937
Goodwill, Other Increase (Decrease)	$ 0	$ 0
Maximum
Amortizable Intangible assets
Finite-Lived Intangible Asset, Useful Life	21 years
Minimum
Amortizable Intangible assets
Finite-Lived Intangible Asset, Useful Life	3 years

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Goodwill and Intangible Assets, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amortizable Intangible assets
Gross Carrying Amount	$ 427,036	$ 73,014
Accumulated Amortization	(64,119)	(46,745)
Intangible assets, net	362,917	26,269
Goodwill	495,672	134,022	$ 135,844
Foreign exchange	(162)
North America
Amortizable Intangible assets
Gross Carrying Amount	53,498	46,643
Accumulated Amortization	(29,782)	(26,346)
Intangible assets, net	23,716	20,297
Goodwill	103,572	96,307	96,311
Europe
Amortizable Intangible assets
Gross Carrying Amount	373,538	26,371
Accumulated Amortization	(34,337)	(20,399)
Intangible assets, net	339,201	5,972
Goodwill	390,799	$ 36,331	$ 38,059
Trade Name
Amortizable Intangible assets
Intangible assets, net	91,100
Indefinite-lived Intangible Assets (Excluding Goodwill)	91,700
Indefinite-lived Intangible Assets, Foreign Currency Translation Gain (Loss)	$ (2,700)

Leases - Summary of leases on B

Leases - Summary of leases on Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease right-of-use assets	$ 57,652	$ 45,438
Operating Lease, Liability, Current	11,544	8,769
Operating lease liabilities	46,882	37,091
Operating Lease, Liability	58,426	45,860
Finance Lease, Right-Of-Use Asset, Gross	3,569	3,569
Finance Lease, Right-Of-Use Asset, Accumulated Depreciation	(3,569)	(3,416)
Finance Lease, Right-of-Use Asset	$ 0	$ 153
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued liabilities and other current liabilities	Accrued liabilities and other current liabilities

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease right-of-use assets	$ 13,794	$ 11,704
Finance Lease, Right-of-Use Asset, Amortization	0	324
Finance Lease, Interest Expense	0	2
Lease, Cost	$ 0	$ 326

Leases - Supplementary Cash Flo

Leases - Supplementary Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating Lease, Payments	$ 13,355	$ 11,443
Finance Lease, Principal Payments	0	437
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 19,587	$ 11,530

Leases - Schedule of Leases (De

Leases - Schedule of Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year	$ 14,157
Lessee, Operating Lease, Liability, Payments, Due Year Two	12,291
Lessee, Operating Lease, Liability, Payments, Due Year Three	10,292
Lessee, Operating Lease, Liability, Payments, Due Year Four	8,192
Lessee, Operating Lease, Liability, Payments, Due Year Five	6,518
Lessee, Operating Lease, Liability, Payments, Due after Year Five	16,680
Lessee, Operating Lease, Liability, Payments, Due	68,129
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(9,703)
Operating Lease, Liability	$ 58,426	$ 45,860

Leases - Weighed Average Life o

Leases - Weighed Average Life of Leases (Details)	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	6 years 1 month 6 days	6 years 10 months 17 days
Operating Lease, Weighted Average Discount Rate, Percent	4.68%	5.22%

Accrued Liabilities and Other_3

Accrued Liabilities and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued Sales Incentive and Advertising, Current	$ 63,451	$ 46,821
Accrued Vacation, Current	69,029	63,702
Dividends Payable, Current	22,816	24,178
Other Employee-related Liabilities, Current	35,564	20,822
Other Accrued Liabilities, Current	11,170	10,806
Accrued profit sharing trust contributions	$ 14,648	$ 12,289
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued liabilities	Accrued liabilities
Operating Lease, Liability, Current	$ 11,544	$ 8,769
Accrued liabilities	$ 228,222	$ 187,387

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	12 Months Ended
Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Line of Credit Facility [Line Items]
Proceeds from lines of credit	$ 717,268	$ 16,752	$ 169,164
Debt Issuance Costs, Net	6,800
Credit facility, remaining borrowing capacity	304,400
Line of Credit Facility, Maximum Amount Outstanding During Period	583,200
Long-term Line of Credit, Noncurrent	$ 554,539	$ 0
Adjusted Base Rate \| Minimum \| Secured Debt
Line of Credit Facility [Line Items]
Credit facility, interest rate spread (as a percent)	0%
Adjusted Base Rate \| Maximum \| Secured Debt
Line of Credit Facility [Line Items]
Credit facility, interest rate spread (as a percent)	0.75%
Eurodollar Applicable Margin Rate \| Minimum \| Secured Debt
Line of Credit Facility [Line Items]
Credit facility, interest rate spread (as a percent)	0.75%
Eurodollar Applicable Margin Rate \| Maximum \| Secured Debt
Line of Credit Facility [Line Items]
Credit facility, interest rate spread (as a percent)	1.75%
Primary Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit facility, total available credit	$ 450,000
Line of Credit Facility, Increase (Decrease), Net	50,000
Proceeds from lines of credit	250,000
Line of Credit Facility, Periodic Payment	$ 100,000
Primary Revolving Credit Facility \| Line of credit
Line of Credit Facility [Line Items]
Debt Instrument, Term	5 years
Primary Revolving Credit Facility \| Secured Debt
Line of Credit Facility [Line Items]
Debt Instrument, Term	5 years
Primary Revolving Credit Facility \| Wells Fargo Bank
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 450,000
Primary Revolving Credit Facility \| Minimum \| Line of credit
Line of Credit Facility [Line Items]
Facility fees on the available commitment of the facility (as a percent)	0.10%
Primary Revolving Credit Facility \| Maximum \| Line of credit
Line of Credit Facility [Line Items]
Facility fees on the available commitment of the facility (as a percent)	0.25%
Primary Revolving Credit Facility \| Eurodollar Applicable Margin Rate \| Minimum \| Line of credit
Line of Credit Facility [Line Items]
Credit facility, interest rate spread (as a percent)	0%
Primary Revolving Credit Facility \| Eurodollar Applicable Margin Rate \| Maximum \| Line of credit
Line of Credit Facility [Line Items]
Credit facility, interest rate spread (as a percent)	0.50%
Primary Revolving Credit Facility \| Daily Simple RFR \| Minimum \| Line of credit
Line of Credit Facility [Line Items]
Credit facility, interest rate spread (as a percent)	0.65%
Primary Revolving Credit Facility \| Daily Simple RFR \| Minimum \| Line of credit \| United Kingdom
Line of Credit Facility [Line Items]
Credit facility, interest rate spread (as a percent)	0.68%
Primary Revolving Credit Facility \| Daily Simple RFR \| Maximum \| Line of credit
Line of Credit Facility [Line Items]
Credit facility, interest rate spread (as a percent)	1.50%
Primary Revolving Credit Facility \| Daily Simple RFR \| Maximum \| Line of credit \| United Kingdom
Line of Credit Facility [Line Items]
Credit facility, interest rate spread (as a percent)	1.53%
Primary Revolving Credit Facility \| Debt, Instrument rate, Over Life of Debt \| Line of credit
Line of Credit Facility [Line Items]
Credit facility, interest rate spread (as a percent)	2%
Line of credit
Line of Credit Facility [Line Items]
Proceeds from lines of credit	$ 450,000
Line of Credit Facility, Periodic Payment	$ 16,900

Debt - Loan Facility (Details)

Debt - Loan Facility (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Line of Credit Facility [Line Items]
Long-Term Debt, Maturity, Year One	$ 22,500
Long-Term Debt, Maturity, Year Two	22,500
Long-Term Debt, Maturity, Year Three	22,500
Long-Term Debt, Maturity, Year Four	22,500
Long-Term Debt, Maturity, Year Five	343,125
Long-term Debt	$ 433,125

Debt- Maintenance Fees and Bank

Debt- Maintenance Fees and Bank Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Interest costs incurred	$ 9,685	$ 1,424	$ 2,796
Interest Costs Capitalized	(1,658)	(574)	(512)
Interest expense	$ 8,027	$ 850	$ 2,284

Commitments and Contingencies -

Commitments and Contingencies - Purchase Obligations and Employee Relations (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Collective bargaining arrangements
Unrecorded Unconditional Purchase Obligation	$ 148,200,000
Unrecorded Unconditional Purchase Obligation, Term	3 years
Long-term Debt	$ 433,125,000
Percentage of employees represented by labor unions	9%
Primary Revolving Credit Facility
Collective bargaining arrangements
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months	$ 73,900,000
Long-term Debt	$ 42,200,000

Income Taxes - Tax Cuts and Job

Income Taxes - Tax Cuts and Jobs Act (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Pre-tax loss carryforwards	$ 36,100
Deferred tax asset valuation allowance	(11,180)	$ (11,992)
Increase (decrease) in the valuation allowance	$ 800	$ (700)

Income Taxes - Summary of Tax R

Income Taxes - Summary of Tax Reconciliations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current
Federal	$ 90,703	$ 65,861	$ 42,337
State	25,347	19,515	12,571
Foreign	12,544	7,641	4,478
Deferred
Federal	(5,806)	802	2,330
State	(801)	(169)	598
Foreign	(7,917)	(1,548)	250
Income tax expense (benefit)	114,070	92,102	62,564
Income and loss from continuing operations before income taxes
Domestic	437,506	336,085	238,320
Foreign	10,559	22,464	11,244
Income before taxes	$ 448,065	$ 358,549	$ 249,564
Reconciliations between the statutory federal income tax rates and effective income tax rates
Federal tax rate	21%	21%	21%
State taxes, net of federal benefit	4.40%	4.30%	4.20%
Change in U.S. tax rate applied to deferred taxes	0%	0%	0.10%
True-up of prior year tax returns to tax provision	0%	(0.10%)	(0.40%)
Difference between U.S. statutory and foreign local tax rates	0.20%	0.40%	0.40%
Change in uncertain tax position	0%	0%	0%
Other	0.10%	(0.10%)	0.20%
Effective income tax rate	25.50%	25.70%	25.10%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets
State tax	$ 1,857	$ 1,490
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits	2,877	1,351
Inventories	7,902	7,497
Sales incentive and advertising allowances	2,191	1,777
Lease obligations	14,827	11,562
Stock-based compensation	2,251	2,612
Foreign tax credit carryforwards	4,961	4,983
Non-United States tax loss carry forward	6,557	7,824
Deferred Tax Asset Acquisition Expense	2,409	609
Deferred Tax Liabilities, Deferred Expense, Capitalized Research and Development Costs	6,671	0
Other	2,533	1,889
Deferred tax assets, gross	55,036	41,594
Deferred Tax Assets, Valuation Allowance	(11,180)	(11,992)
Deferred tax assets, net, noncurrent	43,856	29,602
Deferred Tax Liabilities, Net [Abstract]
Deferred Tax Liabilities, Property, Plant and Equipment	(28,271)	(14,999)
Deferred Tax Liabilities, Goodwill and Intangible Assets	(102,998)	(16,682)
Deferred Tax Liabilities, Right Of Use Assets	(14,635)	(11,453)
Deferred Tax Assets, Hedging Transactions	(10,284)	0
Deferred tax liabilities	(156,188)	(43,134)
Total Deferred tax asset/(liability)	$ (112,332)	$ (13,532)

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of unrecognized tax benefits
Balance at the beginning of the period	$ 944	$ 1,168	$ 1,706
Additions based on tax positions related to prior years	6,528	9	78
Reductions based on tax positions related to prior years	(38)	(47)	(7)
Additions for tax positions of the current year	73	3	48
Lapse of statute of limitations	(275)	(189)	(657)
Balance at the end of the period	7,232	944	1,168
Unrecognized Tax Benefits, Increase Resulting from Acquisition	6,500
Portion of uncertain tax benefit, if recognized, would reduce effective tax rate	200	300	300
Increase (decrease) in accrued interest as a result of the reversal of accrued interest associated with the lapse of statutes of limitations	(673)	(39)	(108)
Interest accrued on unrecognized tax benefits	$ 900	$ 200	$ 300

Retirement Plans (Details)

Retirement Plans (Details) $ in Thousands	12 Months Ended
Retirement Plans (Details) $ in Thousands	Dec. 31, 2022 USD ($) plan	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution percent	7%
Payment for Pension Benefits	$ 5,400	$ 5,000	$ 5,100
United States
Defined Benefit Plan Disclosure [Line Items]
Entity's contribution to retirement plans as percentage of employees' compensation	3%
Cost of defined contribution plans	$ 23,800	$ 20,700	$ 17,700
Canada
Defined Benefit Plan Disclosure [Line Items]
Number of defined contribution retirement plans \| plan	5
Minimum \| Canada
Defined Benefit Plan Disclosure [Line Items]
Entity's contribution to retirement plans as percentage of employees' compensation	3%
Maximum \| Canada
Defined Benefit Plan Disclosure [Line Items]
Entity's contribution to retirement plans as percentage of employees' compensation	15%

Segment Information - Narrative

Segment Information - Narrative (Details) $ in Thousands	12 Months Ended
Segment Information - Narrative (Details) $ in Thousands	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment	3
Segment Information
Net sales	$ 2,116,087	$ 1,573,217	$ 1,267,945
Income from operations	459,067	367,793	252,363
Depreciation and amortization	60,890	42,477	38,767
Significant non-cash charges	14,981	17,889	13,506
Income Tax Expense (Benefit)	114,070	92,102	62,564
Capital expenditures and asset acquisitions, net of cash acquired	875,801	49,811	40,706
Total assets	2,503,971	1,484,125	1,232,569
Cash and short-term investments	$ 300,742	301,155
Number of Operating Segments \| segment	2
North America
Segment Information
Net sales	$ 1,701,041	1,362,941	1,101,891
Income from operations	485,899	359,140	265,541
Depreciation and amortization	36,003	33,950	30,218
Significant non-cash charges	7,504	8,173	6,929
Income Tax Expense (Benefit)	112,537	87,962	58,201
Capital expenditures and asset acquisitions, net of cash acquired	54,594	45,817	29,937
Total assets	1,393,968	1,352,988	1,001,168
Europe
Segment Information
Net sales	400,303	196,996	156,713
Income from operations	11,121	14,160	8,396
Depreciation and amortization	22,594	6,172	5,856
Significant non-cash charges	1,099	1,943	1,226
Income Tax Expense (Benefit)	1,193	3,826	3,817
Capital expenditures and asset acquisitions, net of cash acquired	817,163	2,403	4,248
Total assets	675,634	202,631	198,647
Asia/Pacific
Segment Information
Net sales	14,743	13,280	9,341
Income from operations	723	1,193	308
Depreciation and amortization	1,730	1,844	1,709
Significant non-cash charges	510	166	376
Income Tax Expense (Benefit)	1,091	241	613
Capital expenditures and asset acquisitions, net of cash acquired	1,173	603	705
Total assets	34,599	31,832	32,754
Foreign operating entities
Segment Information
Cash and short-term investments	$ 77,900
Percentage of cash and cash equivalents	25.90%
Administrative and all other
Segment Information
Net sales	$ 0	0	0
Income from operations	(38,676)	(6,700)	(21,882)
Depreciation and amortization	563	511	984
Significant non-cash charges	5,868	7,607	4,975
Income Tax Expense (Benefit)	(751)	73	(67)
Capital expenditures and asset acquisitions, net of cash acquired	2,871	988	5,816
Total assets	399,770	(103,326)	0
Cash and short-term investments	222,500	223,500	199,800
Intersegment elimination
Segment Information
Net sales	43,573	35,042	33,450
Intersegment elimination \| North America
Segment Information
Net sales	4,862	2,237	2,554
Intersegment elimination \| Europe
Segment Information
Net sales	5,732	5,696	5,576
Intersegment elimination \| Asia/Pacific
Segment Information
Net sales	$ 32,979	$ 27,109	$ 25,320

Segment Information - Geographi

Segment Information - Geographic Distribution and Net Sales by Product (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net sales and long-lived assets by geographical area
Net Sales	$ 2,116,087	$ 1,573,217	$ 1,267,945
Long-Lived Assets	404,049	274,562	267,330
Wood construction products
Net sales and long-lived assets by geographical area
Net Sales	1,831,580	1,361,113	1,082,877
Concrete construction products
Net sales and long-lived assets by geographical area
Net Sales	282,205	210,780	184,631
Other
Net sales and long-lived assets by geographical area
Net Sales	2,302	1,324	437
United States
Net sales and long-lived assets by geographical area
Net Sales	1,615,728	1,287,085	1,045,509
Long-Lived Assets	273,407	228,623	215,082
Canada
Net sales and long-lived assets by geographical area
Net Sales	81,036	70,401	52,889
Long-Lived Assets	2,571	2,861	3,059
United Kingdom
Net sales and long-lived assets by geographical area
Net Sales	37,349	37,408	24,290
Long-Lived Assets	1,898	1,851	2,073
Germany
Net sales and long-lived assets by geographical area
Net Sales	42,954	29,970	24,069
Long-Lived Assets	11,507	9,999	11,163
France
Net sales and long-lived assets by geographical area
Net Sales	170,904	50,445	40,672
Long-Lived Assets	90,296	5,988	7,095
Poland
Net sales and long-lived assets by geographical area
Net Sales	27,803	13,909	11,648
Long-Lived Assets	2,721	2,496	2,779
Sweden
Net sales and long-lived assets by geographical area
Net Sales	16,156	17,003	15,241
Long-Lived Assets	2,369	2,664	2,986
Denmark
Net sales and long-lived assets by geographical area
Net Sales	12,610	13,964	11,931
Long-Lived Assets	1,015	2,281	2,445
Norway
Net sales and long-lived assets by geographical area
Net Sales	12,241	12,736	11,138
Long-Lived Assets	0	0	0
Australia
Net sales and long-lived assets by geographical area
Net Sales	9,468	8,120	5,749
Long-Lived Assets	245	201	134
Belgium
Net sales and long-lived assets by geographical area
Net Sales	15,032	6,818	5,311
Long-Lived Assets	2,182	2,349	2,268
Other countries
Net sales and long-lived assets by geographical area
Net Sales	27,512	25,358	19,498
Long-Lived Assets	11,496	15,249	18,246
ITALY
Net sales and long-lived assets by geographical area
Net Sales	47,294	0	0
Long-Lived Assets	$ 4,342	$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
	Jan. 24, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subsequent Events
Common Stock, Dividends, Per Share, Declared (in dollars per share)		$ 1.03	$ 0.98	$ 0.92
Subsequent Event
Subsequent Events
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.26
Dividends	$ 11.1

SCHEDULE II VALUATION AND QUA_2

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance for doubtful accounts
Valuation and qualifying accounts
Balance at Beginning of Year	$ 1,932	$ 2,110	$ 1,935
Charged to Costs and Expenses	1,663	392	(98)
Valuation Allowances and Reserves, Charged to Other Accounts	356	570	(273)
Deductions	0	0	0
Balance at End of Year	3,239	1,932	2,110
Sales Returns and Allowances [Member]
Valuation and qualifying accounts
Balance at Beginning of Year	7,225	4,566	4,748
Charged to Costs and Expenses	1,544	2,659	(182)
Valuation Allowances and Reserves, Charged to Other Accounts	0	0	0
Deductions	0	0	0
Balance at End of Year	8,769	7,225	4,566
Allowance for deferred tax assets
Valuation and qualifying accounts
Balance at Beginning of Year	11,991	11,316	11,617
Charged to Costs and Expenses	97	1,763	1,166
Valuation Allowances and Reserves, Charged to Other Accounts	0	0	0
Deductions	909	1,088	1,467
Balance at End of Year	$ 11,179	$ 11,991	$ 11,316