Builders FirstSource (BLDR) 10-Q 4 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 02, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Trading Symbol	BLDR
Entity Registrant Name	Builders FirstSource, Inc.
Entity Central Index Key	1,316,835
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		112,639,175

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Sales	$ 1,843,297	$ 1,677,300	$ 3,376,361	$ 3,074,415
Cost of sales	1,382,500	1,258,969	2,539,512	2,306,335
Gross margin	460,797	418,331	836,849	768,080
Selling, general and administrative expenses	369,456	341,909	705,231	668,878
Income from operations	91,341	76,422	131,618	99,202
Interest expense, net	33,710	42,802	69,867	78,027
Income before income taxes	57,631	33,620	61,751	21,175
Income tax expense	19,721	4,179	20,019	8,714
Net Income	37,910	29,441	41,732	12,461
Comprehensive Income	$ 37,910	$ 29,441	$ 41,732	$ 12,461
Net income per share:
Basic	$ 0.34	$ 0.27	$ 0.37	$ 0.11
Diluted	$ 0.33	$ 0.26	$ 0.36	$ 0.11
Weighted average common shares:
Basic	112,443	110,339	112,205	110,133
Diluted	115,465	113,504	115,025	112,922

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 6,931	$ 14,449
Accounts receivable, less allowances of $12,657 and $11,571 at June 30, 2017 and December 31, 2016, respectively	720,639	569,208
Other receivables	52,519	55,781
Inventories, net	651,041	541,771
Other current assets	39,331	34,772
Total current assets	1,470,461	1,215,981
Property, plant and equipment, net	643,295	656,101
Assets held for sale	4,493	4,361
Goodwill	740,411	740,411
Intangible assets, net	145,600	159,373
Deferred income taxes	108,636	115,320
Other assets, net	17,814	18,340
Total assets	3,130,710	2,909,887
Current liabilities:
Checks outstanding	32,687	35,606
Accounts payable	503,533	409,759
Accrued liabilities	265,605	293,115
Current maturities of long-term debt and lease obligations	12,939	16,217
Total current liabilities	814,764	754,697
Long-term debt and lease obligations, net of current maturities, debt discount and debt issuance costs	1,887,802	1,785,835
Other long-term liabilities	61,039	59,735
Total liabilities	2,763,605	2,600,267
Commitments and contingencies (Note 6)
Stockholders' equity:
Preferred stock, $0.01 par value, 10,000 shares authorized; zero shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively
Common stock, $0.01 par value, 200,000 shares authorized; 112,582 and 111,564 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	1,126	1,115
Additional paid-in capital	534,721	527,868
Accumulated deficit	(168,742)	(219,363)
Total stockholders' equity	367,105	309,620
Total liabilities and stockholders' equity	$ 3,130,710	$ 2,909,887

CONDENSED CONSOLIDATED BALANCE4

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Allowances on trade accounts receivable	$ 12,657	$ 11,571
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	112,582,000	111,564,000
Common stock, shares outstanding	112,582,000	111,564,000

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net income	$ 41,732	$ 12,461
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	47,765	61,349
Amortization and write-off of deferred loan costs and debt discount	3,790	4,084
Gain on extinguishment of debt		(6,015)
Deferred income taxes	15,573	6,650
Bad debt expense	(588)	(87)
Stock compensation expense	6,379	5,127
Net loss on sale of assets and asset impairments	2,988	996
Changes in assets and liabilities:
Receivables	(147,501)	(124,728)
Inventories	(107,865)	(67,472)
Other current assets	(3,605)	3,448
Other assets and liabilities	3,417	3,663
Accounts payable and checks outstanding	89,226	111,741
Accrued liabilities	(27,657)	(43,016)
Net cash used in operating activities	(76,346)	(31,799)
Cash flows from investing activities:
Purchases of property, plant and equipment	(24,568)	(22,672)
Proceeds from sale of property, plant and equipment	2,004	923
Cash used for acquisitions, net		(3,970)
Net cash used in investing activities	(22,564)	(25,719)
Cash flows from financing activities:
Borrowings under revolving credit facility	687,000	479,000
Repayments under revolving credit facility	(588,000)	(435,000)
Repayments of long-term debt and other loans	(5,294)	(42,189)
Payments of debt extinguishment costs		(1,050)
Payments of loan costs	(2,799)	(4,452)
Exercise of stock options	2,958	3,430
Repurchase of common stock	(2,473)	(1,092)
Net cash provided by (used in) financing activities	91,392	(1,353)
Net change in cash and cash equivalents	(7,518)	(58,871)
Cash and cash equivalents at beginning of period	14,449	65,063
Cash and cash equivalents at end of period	$ 6,931	$ 6,192

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Statement Of Cash Flows [Abstract]
Non cash retirement of assets related to lease finance obligations	$ 5.9	$ 11.6
Non cash extinguishment of related lease finance obligation	5.9	11.6
Equipment purchased and financed through capital lease obligations	$ 9.9	$ 5.3

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - 6 months ended Jun. 30, 2017 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid in Capital	Accumulated Deficit
Balance at Dec. 31, 2016	$ 309,620	$ 1,115	$ 527,868	$ (219,363)
Balance, shares at Dec. 31, 2016	111,564	111,564
Vesting of restricted stock units		$ 7	(7)
Vesting of restricted stock units, shares		684
Stock compensation expense	$ 6,379		6,379
Exercise of stock options	2,958	$ 6	2,952
Exercise of stock options, shares		537
Repurchase of common stock	(2,473)	$ (2)	(2,471)
Repurchase of common stock, shares		(203)
Cumulative effect adjustment (Note 1)	8,889			8,889
Net income	41,732			41,732
Balance at Jun. 30, 2017	$ 367,105	$ 1,126	$ 534,721	$ (168,742)
Balance, shares at Jun. 30, 2017	112,582	112,582

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation Builders FirstSource, Inc., a Delaware corporation formed in 1998, is a leading supplier of building materials, manufactured components and construction services to professional contractors, sub-contractors, and consumers. The Company operates 400 locations in 40 states across the United States. In this quarterly report, references to the “Company,” “we,” “our,” “ours” or “us” refer to Builders FirstSource, Inc. and its consolidated subsidiaries unless otherwise stated or the context otherwise requires. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all recurring adjustments and normal accruals necessary for a fair statement of the Company’s financial position, results of operations and cash flows for the dates and periods presented. Results for interim periods are not necessarily indicative of the results to be expected during the remainder of the current year or for any future period. Intercompany transactions are eliminated in consolidation. The condensed consolidated balance sheet as of December 31, 2016 is derived from the audited consolidated financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. This condensed consolidated balance sheet as of December 31, 2016 and the unaudited condensed consolidated financial statements included herein should be read in conjunction with the more detailed audited consolidated financial statements for the year ended December 31, 2016 included in our most recent annual report on Form 10-K. Accounting policies used in the preparation of these unaudited condensed consolidated financial statements are consistent with the accounting policies described in the Notes to Consolidated Financial Statements included in our Form 10-K. Recent Accounting Pronouncements In May 2017, the Financial Accounting Standards Board (“FASB”) issued an update to the existing guidance under the Compensation-Stock Compensation In January 2017, the FASB issued an update to the existing guidance under the Intangibles-Goodwill and Other In January 2017, the FASB issued an update to the existing guidance under the Business Combinations In March 2016, the FASB issued an update to the existing guidance under the Compensation-Stock Compensation In February 2016, the FASB issued an update to the existing guidance under the Leases In July 2015, the FASB issued an update to the existing guidance under the Inventory In May 2014, the FASB issued an update to the existing guidance under the Revenue Recognition

Net Income per Common Share

Net Income per Common Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Net Income per Common Share	2. Net Income per Common Share Net income per common share (“EPS”) is calculated in accordance with the Earnings per Share For the purpose of computing diluted EPS, weighted average shares outstanding have been adjusted for common shares underlying 3.0 million options and 2.2 million restricted stock units (“RSUs”) for the three and six months ended June 30, 2017. Weighted average shares outstanding have been adjusted for common shares underlying 4.3 million options and 2.2 million RSUs for the three and six months ended June 30, 2016. The table below presents a reconciliation of weighted average common shares used in the calculation of basic and diluted EPS (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Weighted average shares for basic EPS 112,443 110,339 112,205 110,133 Dilutive effect of options and RSUs 3,022 3,165 2,820 2,789 Weighted average shares for diluted EPS 115,465 113,504 115,025 112,922

Debt

Debt	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Debt	3. Debt Long-term debt and lease obligations consisted of the following (in thousands): June 30, 2017 December 31, 2016 2022 facility $ 99,000 $ — 2023 notes 367,608 367,608 2024 notes 750,000 750,000 2024 term loan 465,300 467,650 Lease finance obligations 231,975 238,539 Capital lease obligations 15,131 7,427 1,929,014 1,831,224 Unamortized debt discount and debt issuance costs (28,273 ) (29,172 ) 1,900,741 1,802,052 Less: current maturities of long-term debt and lease obligations 12,939 16,217 Long-term debt and lease obligations, net of current maturities $ 1,887,802 $ 1,785,835 2017 Debt Transactions In the first quarter of 2017 the Company executed two debt transactions which are described in more detail below. These transactions included a repricing and extension of our Term Loan Amendment On February 23, 2017, we repriced our 2015 term loan through an amendment and extension of the term loan credit agreement providing for a $467.7 million senior secured term loan facility due 2024 (“2024 term loan”). This repricing reduces the interest rate by 0.75% and extends the maturity by 19 months to February 29, 2024. The 2024 term loan bears interest based on either a eurodollar or base rate (a rate equal to the highest of an agreed commercially available benchmark rate, the federal funds effective rate plus 0.50% or the eurodollar rate plus 1.0%, as selected by the Company) plus, in each case, an applicable margin. The applicable margin in the 2024 term loan is (x) 3% in the case of Eurodollar rate loans and (y) 2% in the case of base rate loans. These rates represents a 0.75% reduction from the 2015 term loan. Deutsche Bank AG New York Branch continues to serve as administrative agent and collateral agent under the 2024 term loan agreement. In connection with the 2024 term loan amendment we recognized $0.4 million in interest expense in the first quarter of 2017 related to the write-off of unamortized debt discount and debt issuance costs. We incurred $1.2 million in lender fees which, together with $10.0 million in remaining unamortized debt discount and debt issuance costs, have been recorded as a reduction of long-term debt and are being amortized over the remaining contractual life of the 2024 term loan using the effective interest method. In addition, we also incurred $1.4 million in various third-party fees and expenses related to the 2024 term loan amendment which were recorded to interest expense in the first quarter of 2017. Revolving Credit Facility Amendment On March 22, 2017, the Company extended the maturity date and increased the revolving commitments under its 2015 facility. This transaction resulted in an amended and restated $900.0 million revolving credit facility (“2022 facility”) and extended the maturity by 20 months to March 22, 2022. SunTrust Bank continues to serve as administrative agent and collateral agent under the 2022 facility agreement. All other material terms of the 2022 facility remain unchanged from those of the 2015 facility. In connection with the 2022 facility amendment, we recognized $0.6 million in interest expense in the first quarter of 2017 related to the write-off of unamortized debt issuance costs. We incurred $1.6 million in lender and third-party fees which, together with $8.5 million in remaining unamortized debt issuance costs, have been recorded as other assets and are being amortized over the remaining contractual life of the 2022 facility on a straight-line basis. 2022 Facility Borrowings As of June 30, 2017, we have $99.0 million in borrowings outstanding under our 2022 facility. During the first six months of 2017, we borrowed $687.0 million and repaid $588.0 million at a weighted average interest rate of 2.8%. 2024 Term Loan As of June 30, 2017, we have $465.3 million in borrowings outstanding under our 2024 term loan at a weighted average interest rate of 4.3%. During the first six months of 2017, we repaid $2.4 million of the 2024 term loan. We were not in violation of any covenants or restrictions imposed by any of our debt agreements at June 30, 2017. Fair Value As of June 30, 2017 and December 31, 2016, the Company does not have any financial instruments which are measured at fair value on a recurring basis. We have elected to report the value of our 2023 notes, 2024 notes, and 2024 term loan at amortized cost. The fair values of the 2023 notes, the 2024 notes and the 2024 term loan at June 30, 2017 were approximately $425.4 million, $781.8 million and $464.7 million, respectively, and were determined using Level 2 inputs based on market prices.

Employee Stock-Based Compensati

Employee Stock-Based Compensation	6 Months Ended
	Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Employee Stock-Based Compensation	4. Employee Stock-Based Compensation Time Based Restricted Stock Unit Grants In the first quarter of 2017, our board of directors granted 405,000 RSUs to employees under our 2007 and 2014 Incentive Plans for which vesting is based solely on continuous employment over the requisite service period. 348,000 of the RSUs vest at 33% per year at each anniversary of the grant date over the next three years and 57,000 RSUs vest at 25% per year at each anniversary of the grant date over the next four years. The weighted average grant date fair value for these RSUs was $14.31 per share, which was based on the closing stock price on the grant dates. Performance and Service Condition Based Restricted Stock Unit Grants In the first quarter of 2017, our board of directors granted 174,000 RSUs to employees under our 2007 and 2014 Incentive Plans, that vest if the compound annual growth rate of the Company’s total sales in 2019 over 2016 exceeds a composite annual growth rate based on single-family housing starts, multi-family housing starts, and growth in repair and remodeling sales over the same period. Assuming continued employment and if the performance vesting condition is achieved, these awards will cliff vest on the third anniversary of the grant date. The weighted average grant date fair value for these RSUs was $14.54 per share, which was based on the closing stock price on the grant dates. Market and Service Condition Based Restricted Stock Unit Grants In the first quarter of 2017, our board of directors granted 174,000 RSUs to employees under our 2007 and 2014 Incentive Plans for which vesting is contingent upon the Company’s total shareholder return exceeding the median total shareholder return of the Company’s peer group over a three year measurement period. Assuming continued employment and if the market vesting condition is met, these awards will cliff vest on the third anniversary of the grant date. The weighted average grant date fair value for these RSUs was $11.49 per share, which was determined using the Monte Carlo simulation model using the following weighted average assumptions: Expected volatility (company) 73.7% Expected volatility (peer group median) 33.8% Correlation between the company and peer group median 0.33 Expected dividend yield 0.00% Risk-free rate 1.5% The expected volatilities and correlation are based on the historical daily returns of our common stock and the common stocks of the constituents of the Company’s peer group over the most recent period equal to the measurement period. The expected dividend yield is based on our history of not paying regular dividends in the past and our current intention to not pay regular dividends in the foreseeable future. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant and has a term equal to the measurement period. Stock Option Grant In the first quarter of 2017, our board of directors granted 57,000 stock options to employees under our 2014 Incentive Plan. All the awards vest at 25% per year at each anniversary of the grant date over four years. The exercise price for the options was $12.94 per share, which was the closing stock price on the grant date. The weighted average grant date fair value of the options was $7.26 and was determined using the Black-Scholes option-pricing model with the following weighted average assumptions: Expected life 6.0 years Expected volatility 59.2% Expected dividend yield 0.00% Risk-free rate 2.2% The expected life represents the period of time the options are expected to be outstanding. We used the simplified method for determining the expected life assumption due to limited historical exercise experience on our stock options. The expected volatility is based on the historical volatility of our common stock over the most recent period equal to the expected life of the option. The expected dividend yield is based on our history of not paying regular dividends in the past and our current intention to not pay regular dividends in the foreseeable future. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant and has a term equal to the expected life of the options.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	5. Income Taxes A reconciliation of the statutory federal income tax rate to our effective rate for continuing operations is provided below: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Statutory federal income tax rate 35.0 % 35.0 % 35.0 % 35.0 % State income taxes, net of federal income tax 5.0 5.0 5.1 5.1 Valuation allowance (6.4 ) (29.5 ) (6.0 ) (1.3 ) Stock compensation windfall benefit (0.6 ) — (3.4 ) — Permanent differences 1.4 1.9 1.3 2.4 Other (0.2 ) 0.0 0.4 0.0 34.2 % 12.4 % 32.4 % 41.2 % As discussed in Note 1 the Company adopted updated guidance related to the accounting for stock compensation in the first quarter of 2017. As a result of this updated guidance all windfalls or shortfalls are now recognized as a component of income tax expense in the period they occur. We evaluate our deferred tax assets on a quarterly basis to determine whether a valuation allowance is required. In accordance with the Income Taxes We recorded a full valuation allowance in 2008 due to our cumulative three year loss position at that time, compounded by the negative industry-wide business trends and outlook. We remained in a cumulative three year loss position until the second quarter of 2016. In the third quarter of 2016 management determined that there was sufficient positive evidence to conclude that it is more likely than not that the valuation allowance should be released against our net federal and some state deferred tax assets. During the second quarter of 2017, as a result of executing certain tax planning strategies related to legal entity conversions, we consider it more likely than not that we will utilize almost all of our state net operating loss carryovers. Therefore, we recorded a reduction to the associated valuation allowance of $3.7 million for the three and six months ended June 30, 2017. We recorded reductions to the valuation allowance of $16.0 million and $10.9 million for the three and six months ended June 30, 2016, respectively, against our net deferred tax assets as we generated income during those periods. Section 382 of the Internal Revenue Code imposes annual limitations on the utilization of net operating loss (“NOL”) carryforwards, other tax carryforwards, and certain built-in losses upon an ownership change as defined under that section. In general terms, an ownership change may result from transactions that increase the aggregate ownership of certain stockholders in the Company’s stock by more than 50 percentage points over a three year testing period (“Section 382 Ownership Change”). In the first quarter of 2017, affiliates of a significant shareholder sold approximately 41.1% of their investment in the Company, which did not trigger a Section 382 Ownership change. Future significant sales of our common stock could cause the Company to experience a Section 382 Ownership Change. If the Company were to experience a Section 382 Ownership Change, an annual limitation would be imposed on certain of the Company’s tax attributes, including NOL and capital loss carryforwards, and certain other losses, credits, deductions or tax basis. We base our estimate of deferred tax assets and liabilities on current tax laws and rates. In certain cases, we also base our estimate on business plan forecasts and other expectations about future outcomes. Changes in existing tax laws or rates could affect our actual tax results, and future business results may affect the amount of our deferred tax liabilities or the valuation of our deferred tax assets over time. Due to uncertainties in the estimation process, particularly with respect to changes in facts and circumstances in future reporting periods, as well as the residential homebuilding industry’s cyclicality and sensitivity to changes in economic conditions, it is possible that actual results could differ from the estimates used in previous analyses. Accounting for deferred taxes is based upon estimates of future results. Differences between the anticipated and actual outcomes of these future results could have a material impact on our consolidated results of operations or financial position.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	6. Commitments and Contingencies Since the fourth quarter of 2016, the Company has seen an increased occurrence of known and threatened construction defect legal claims primarily in two states. While these claims are generally covered under the Company’s existing insurance programs to the extent any loss exceeds the deductible, there is a reasonable possibility of loss that is not able to be estimated at this time because (i) many of the proceedings are in the discovery stage, (ii) the outcome of future litigation is uncertain, and/or (iii) the complex nature of the claims. Although the Company cannot estimate a reasonable range of loss based on currently available information, the resolution of these matters could have a material adverse effect on the Company's financial position, results of operations or cash flows. In addition, we are involved in various other claims and lawsuits incidental to the conduct of our business in the ordinary course. We carry insurance coverage in such amounts in excess of our self-insured retention as we believe to be reasonable under the circumstances and that may or may not cover any or all of our liabilities in respect of such claims and lawsuits. Although the ultimate disposition of these other proceedings cannot be predicted with certainty, management believes the outcome of any such claims that are pending or threatened, either individually or on a combined basis, will not have a material adverse effect on our consolidated financial position, cash flows or results of operations. However, there can be no assurances that future adverse judgments and costs would not be material to our results of operations or liquidity for a particular period.

Segment and Product Information

Segment and Product Information	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Segment and Product Information	7. Segment and Product Information We offer an integrated solution to our customers providing manufacturing, supply, and installation of a full range of structural and related building products. We provide a wide variety of building products and services directly to homebuilder customers. We manufacture floor trusses, roof trusses, wall panels, stairs, millwork, windows, and doors. We also provide a full range of construction services. These product and service offerings are distributed across approximately 400 locations operating in 40 states across the United States, which are organized into nine geographical regions. Centralized financial and operational oversight, including resource allocation and assessment of performance on an income (loss) before income taxes basis, is performed by our CEO, whom we have determined to be our chief operating decision maker (“CODM”). The Company has nine operating segments aligned with its nine geographical regions (Regions 1 through 9). While all of our operating segments have products, distribution methods and customers of a similar nature, certain of our operating segments have been aggregated due to also containing similar economic characteristics, resulting in the following composition of reportable segments: • Regions 1 and 2 have been aggregated to form the “Northeast” reportable segment • Regions 3 and 5 have been aggregated to form the “Southeast” reportable segment • Regions 4 and 6 have been aggregated to form the “South” reportable segment • Region 7, 8 and 9 have been aggregated to form the “West” reportable segment In addition to our reportable segments, our consolidated results include corporate overhead, other various operating activities that are not internally allocated to a geographical region nor separately reported as a single unit to the CODM, and certain reconciling items primarily related to allocations of corporate overhead and rent expense, which have collectively been presented as “All Other”. The accounting policies of the segments are consistent with those referenced in Note 1, except for noted reconciling items. The following tables present Net sales, income (loss) before income taxes and certain other measures for the reportable segments, reconciled to consolidated total continuing operations, for the periods indicated (in thousands): Three months ended June 30, 2017 Reportable segments Net Sales Depreciation & Amortization Interest Income (loss) before income taxes Northeast $ 325,526 $ 3,475 $ 5,353 $ 11,853 Southeast 389,743 2,687 5,866 14,356 South 481,099 4,936 6,138 25,165 West 589,241 7,126 8,064 36,647 Total reportable segments 1,785,609 18,224 25,421 88,021 All other 57,688 5,949 8,289 (30,390 ) Total consolidated $ 1,843,297 $ 24,173 $ 33,710 $ 57,631 Three months ended June 30, 2016 Reportable segments Net Sales Depreciation & Amortization Interest Income (loss) before income taxes Northeast $ 325,765 $ 5,406 $ 4,608 $ 12,456 Southeast 363,982 3,134 4,751 12,702 South 427,727 5,812 5,661 19,822 West 522,812 9,733 7,092 28,477 Total reportable segments 1,640,286 24,085 22,112 73,457 All other 37,014 6,473 20,690 (39,837 ) Total consolidated $ 1,677,300 $ 30,558 $ 42,802 $ 33,620 Six months ended June 30, 2017 Reportable segments Net Sales Depreciation & Amortization Interest Income (loss) before income taxes Northeast $ 608,296 $ 6,953 $ 10,252 $ 14,790 Southeast 743,716 5,193 11,191 24,418 South 930,952 9,729 11,722 46,496 West 998,278 14,064 15,164 33,495 Total reportable segments 3,281,242 35,939 48,329 119,199 All other 95,119 11,826 21,538 (57,448 ) Total consolidated $ 3,376,361 $ 47,765 $ 69,867 $ 61,751 Six months ended June 30, 2016 Reportable segments Net Sales Depreciation & Amortization Interest Income (loss) before income taxes Northeast $ 583,785 $ 10,889 $ 8,758 $ 15,065 Southeast 670,588 6,304 9,066 19,650 South 833,124 11,882 10,841 35,673 West 908,791 19,386 13,211 27,248 Total reportable segments 2,996,288 48,461 41,876 97,636 All other 78,127 12,888 36,151 (76,461 ) Total consolidated $ 3,074,415 $ 61,349 $ 78,027 $ 21,175 Asset information by segment is not reported internally or otherwise reviewed by the CODM nor does the Company earn revenues or have long-lived assets located in foreign countries. The Company’s net sales by product category for the periods indicated were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Lumber & lumber sheet goods $ 657,016 $ 560,877 $ 1,187,711 $ 1,022,292 Manufactured products 312,496 286,446 582,315 522,679 Windows, doors & millwork 359,514 329,424 669,212 626,092 Gypsum, roofing & insulation 144,250 138,662 261,457 250,964 Siding, metal & concrete products 178,208 168,070 315,418 300,036 Other building products & services 191,813 193,821 360,248 352,352 Net sales $ 1,843,297 $ 1,677,300 $ 3,376,361 $ 3,074,415

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	8. Related Party Transactions Floyd F. Sherman, our chief executive officer, and Brett Milgrim, a member of the Company’s board of directors, serve on the board of directors for PGT, Inc. We purchased windows from PGT, Inc. totaling $4.1 million and $3.1 million for the three months ended June 30, 2017 and 2016 respectively. We purchased windows from PGT, Inc. totaling $6.5 million and $5.2 million for the six months ended June 30, 2017 and 2016 respectively. We had accounts payable to PGT, Inc. in the amounts of $1.7 million and $1.4 million as of June 30, 2017 and December 31, 2016, respectively. Transactions between the Company and other related parties occur in the ordinary course of business. However, the Company carefully monitors and assesses related party relationships. Management does not believe that any of these transactions with related parties had a material impact on the Company’s results for the three and six months ended June 30, 2017 and 2016.

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Reconciliation of Weighted Average Common Shares Used in Calculation of Basic and Diluted EPS	The table below presents a reconciliation of weighted average common shares used in the calculation of basic and diluted EPS (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Weighted average shares for basic EPS 112,443 110,339 112,205 110,133 Dilutive effect of options and RSUs 3,022 3,165 2,820 2,789 Weighted average shares for diluted EPS 115,465 113,504 115,025 112,922

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Long-Term Debt and Lease Obligation	Long-term debt and lease obligations consisted of the following (in thousands): June 30, 2017 December 31, 2016 2022 facility $ 99,000 $ — 2023 notes 367,608 367,608 2024 notes 750,000 750,000 2024 term loan 465,300 467,650 Lease finance obligations 231,975 238,539 Capital lease obligations 15,131 7,427 1,929,014 1,831,224 Unamortized debt discount and debt issuance costs (28,273 ) (29,172 ) 1,900,741 1,802,052 Less: current maturities of long-term debt and lease obligations 12,939 16,217 Long-term debt and lease obligations, net of current maturities $ 1,887,802 $ 1,785,835

Employee Stock-Based Compensa18

Employee Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
Market and Service Condition Based Restricted Stock Unit Grants
Schedule of Share-based Payment Award, Restricted Stock Unit, Valuation Assumptions	The weighted average grant date fair value for these RSUs was $11.49 per share, which was determined using the Monte Carlo simulation model using the following weighted average assumptions: Expected volatility (company) 73.7% Expected volatility (peer group median) 33.8% Correlation between the company and peer group median 0.33 Expected dividend yield 0.00% Risk-free rate 1.5%
Stock Options
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The weighted average grant date fair value of the options was $7.26 and was determined using the Black-Scholes option-pricing model with the following weighted average assumptions: Expected life 6.0 years Expected volatility 59.2% Expected dividend yield 0.00% Risk-free rate 2.2%

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Reconciliation of Statutory Federal Income Tax Rate to Our Effective Rate for Continuing Operations	A reconciliation of the statutory federal income tax rate to our effective rate for continuing operations is provided below: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Statutory federal income tax rate 35.0 % 35.0 % 35.0 % 35.0 % State income taxes, net of federal income tax 5.0 5.0 5.1 5.1 Valuation allowance (6.4 ) (29.5 ) (6.0 ) (1.3 ) Stock compensation windfall benefit (0.6 ) — (3.4 ) — Permanent differences 1.4 1.9 1.3 2.4 Other (0.2 ) 0.0 0.4 0.0 34.2 % 12.4 % 32.4 % 41.2 %

Segment and Product Informati20

Segment and Product Information (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Schedule of Reconciling Information by Reportable Segments	The following tables present Net sales, income (loss) before income taxes and certain other measures for the reportable segments, reconciled to consolidated total continuing operations, for the periods indicated (in thousands): Three months ended June 30, 2017 Reportable segments Net Sales Depreciation & Amortization Interest Income (loss) before income taxes Northeast $ 325,526 $ 3,475 $ 5,353 $ 11,853 Southeast 389,743 2,687 5,866 14,356 South 481,099 4,936 6,138 25,165 West 589,241 7,126 8,064 36,647 Total reportable segments 1,785,609 18,224 25,421 88,021 All other 57,688 5,949 8,289 (30,390 ) Total consolidated $ 1,843,297 $ 24,173 $ 33,710 $ 57,631 Three months ended June 30, 2016 Reportable segments Net Sales Depreciation & Amortization Interest Income (loss) before income taxes Northeast $ 325,765 $ 5,406 $ 4,608 $ 12,456 Southeast 363,982 3,134 4,751 12,702 South 427,727 5,812 5,661 19,822 West 522,812 9,733 7,092 28,477 Total reportable segments 1,640,286 24,085 22,112 73,457 All other 37,014 6,473 20,690 (39,837 ) Total consolidated $ 1,677,300 $ 30,558 $ 42,802 $ 33,620 Six months ended June 30, 2017 Reportable segments Net Sales Depreciation & Amortization Interest Income (loss) before income taxes Northeast $ 608,296 $ 6,953 $ 10,252 $ 14,790 Southeast 743,716 5,193 11,191 24,418 South 930,952 9,729 11,722 46,496 West 998,278 14,064 15,164 33,495 Total reportable segments 3,281,242 35,939 48,329 119,199 All other 95,119 11,826 21,538 (57,448 ) Total consolidated $ 3,376,361 $ 47,765 $ 69,867 $ 61,751 Six months ended June 30, 2016 Reportable segments Net Sales Depreciation & Amortization Interest Income (loss) before income taxes Northeast $ 583,785 $ 10,889 $ 8,758 $ 15,065 Southeast 670,588 6,304 9,066 19,650 South 833,124 11,882 10,841 35,673 West 908,791 19,386 13,211 27,248 Total reportable segments 2,996,288 48,461 41,876 97,636 All other 78,127 12,888 36,151 (76,461 ) Total consolidated $ 3,074,415 $ 61,349 $ 78,027 $ 21,175
Schedule of Segment Reporting Information by Product Category	The Company’s net sales by product category for the periods indicated were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Lumber & lumber sheet goods $ 657,016 $ 560,877 $ 1,187,711 $ 1,022,292 Manufactured products 312,496 286,446 582,315 522,679 Windows, doors & millwork 359,514 329,424 669,212 626,092 Gypsum, roofing & insulation 144,250 138,662 261,457 250,964 Siding, metal & concrete products 178,208 168,070 315,418 300,036 Other building products & services 191,813 193,821 360,248 352,352 Net sales $ 1,843,297 $ 1,677,300 $ 3,376,361 $ 3,074,415

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)StoreStates
Basis Of Presentation [Line Items]
Entity formed, year	1,998
Number of Locations | Store	400
Number of states | States	40
Usual completion period for contracts with service elements	30 days
Compensation-Stock Compensation Codification
Basis Of Presentation [Line Items]
Recognized previously unrecorded windfall benefits | $	$ 8.9

Net Income per Common Share - A

Net Income per Common Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Stock Options
Earnings Per Share [Line Items]
Securities included in the computation of diluted EPS	3	4.3	3	4.3
Restricted Stock Units (RSUs)
Earnings Per Share [Line Items]
Securities included in the computation of diluted EPS	2.2	2.2	2.2	2.2

Net Income per Common Share - R

Net Income per Common Share - Reconciliation of Weighted Average Common Shares Used in Calculation of Basic and Diluted EPS (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Reconciliation of weighted average common shares used in calculation of basic and diluted EPS
Weighted average shares for basic EPS	112,443	110,339	112,205	110,133
Dilutive effect of options and RSUs	3,022	3,165	2,820	2,789
Weighted average shares for diluted EPS	115,465	113,504	115,025	112,922

Debt - Long-Term Debt and Lease

Debt - Long-Term Debt and Lease Obligation (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Lease finance obligations	$ 231,975	$ 238,539
Capital lease obligations	15,131	7,427
Long term debt and lease obligations gross	1,929,014	1,831,224
Unamortized debt discount and debt issuance costs	(28,273)	(29,172)
Long-term debt and lease obligation	1,900,741	1,802,052
Less: current maturities of long-term debt and lease obligations	12,939	16,217
Long-term debt and lease obligations, net of current maturities	1,887,802	1,785,835
2023 notes
Debt Instrument [Line Items]
Debt instrument carrying amount	367,608	367,608
2024 notes
Debt Instrument [Line Items]
Debt instrument carrying amount	750,000	750,000
2024 term loan
Debt Instrument [Line Items]
Debt instrument carrying amount	465,300	$ 467,650
2022 facility
Debt Instrument [Line Items]
Line of credit facility outstanding	$ 99,000

Debt - 2017 Debt Transactions -

Debt - 2017 Debt Transactions - Additional Information (Detail)	Mar. 31, 2017USD ($)
2015 facility
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity	$ 800,000,000
2015 term loan
Debt Instrument [Line Items]
Term loan facility amount	$ 470,000,000

Debt - Term Loan Amendment - Ad

Debt - Term Loan Amendment - Additional Information (Detail) - USD ($) $ in Thousands	Feb. 23, 2017	Mar. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Unamortized debt discount and debt issuance costs			$ 28,273	$ 29,172
2024 Term Loan
Debt Instrument [Line Items]
Term loan facility amount	$ 467,700
Interest rate reduced due to repricing of term loan credit agreement	0.75%
Senior secured term loan extended maturity period	19 months
Senior secured term loan maturity date	Feb. 29, 2024
Debt instrument interest rate description			The 2024 term loan bears interest based on either a eurodollar or base rate (a rate equal to the highest of an agreed commercially available benchmark rate, the federal funds effective rate plus 0.50% or the eurodollar rate plus 1.0%, as selected by the Company) plus, in each case, an applicable margin.
Write-off of unamortized debt discount and debt issuance cost		$ 400
Lender fees paid in connection with 2024 term loan amendment		1,200
Unamortized debt discount and debt issuance costs		10,000
Debt issuance costs recorded to interest expense		$ 1,400
2024 Term Loan | Federal Funds Effective Rate
Debt Instrument [Line Items]
Debt instrument applicable margin rate	0.50%
2024 Term Loan | Eurodollar Base Rate
Debt Instrument [Line Items]
Debt instrument applicable margin rate	1.00%
2024 Term Loan | Eurodollar Rate
Debt Instrument [Line Items]
Debt instrument applicable margin rate	3.00%
2024 Term Loan | Base Rate
Debt Instrument [Line Items]
Debt instrument applicable margin rate	2.00%

Debt - Revolving Credit Facilit

Debt - Revolving Credit Facility Amendment - Additional Information (Detail) - 2022 facility - USD ($)	Mar. 22, 2017	Mar. 31, 2017
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity	$ 900,000,000
Senior secured term loan extended maturity period	20 months
Senior secured term loan maturity date	Mar. 22, 2022
Write off of unamortized deferred issuance cost		$ 600,000
Debt issuance costs		1,600,000
Unamortized debt discount and debt issuance costs		$ 8,500,000

Debt - 2022 Facility Borrowings

Debt - 2022 Facility Borrowings - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Debt Instrument [Line Items]
Borrowings under revolving credit facility	$ 687,000	$ 479,000
Payments under revolving credit facility	588,000	$ 435,000
2022 facility
Debt Instrument [Line Items]
Line of credit facility outstanding	99,000
Borrowings under revolving credit facility	687,000
Payments under revolving credit facility	$ 588,000
Line of credit facility, weighted average interest rate on borrowings during the period	2.80%

Debt - 2024 Term Loan - Additio

Debt - 2024 Term Loan - Additional Information (Detail) - 2024 term loan - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Debt instrument carrying amount	$ 465,300	$ 467,650
Weighted average interest rate of debt outstanding	4.30%
Repayment of term loan	$ 2,400

Debt - Fair Value - Additional

Debt - Fair Value - Additional Information (Detail) - Level 2 $ in Millions	Jun. 30, 2017USD ($)
2023 notes
Debt Instrument [Line Items]
Fair value of long term debt	$ 425.4
2024 notes
Debt Instrument [Line Items]
Fair value of long term debt	781.8
2024 term loan
Debt Instrument [Line Items]
Fair value of long term debt	$ 464.7

Employee Stock-Based Compensa31

Employee Stock-Based Compensation - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Time Based Restricted Stock Unit Grants
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant date fair value, granted | $ / shares	$ 14.31
Time Based Restricted Stock Unit Grants | 2007 and 2014 Incentive Plans
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs Granted	405,000
Time Based Restricted Stock Unit Grants | 2007 and 2014 Incentive Plans One
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs Granted	348,000
Stock award granted vesting period	3 years
Time Based Restricted Stock Unit Grants | 2007 and 2014 Incentive Plans One | Share Based Compensation Award Tranche One
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award vesting percentage	33.00%
Time Based Restricted Stock Unit Grants | 2007 and 2014 Incentive Plans One | Share Based Compensation Award Tranche Two
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award vesting percentage	33.00%
Time Based Restricted Stock Unit Grants | 2007 and 2014 Incentive Plans One | Share Based Compensation Award Tranche Three
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award vesting percentage	33.00%
Time Based Restricted Stock Unit Grants | 2007 and 2014 Incentive Plans Two
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs Granted	57,000
Stock award granted vesting period	4 years
Time Based Restricted Stock Unit Grants | 2007 and 2014 Incentive Plans Two | Share Based Compensation Award Tranche One
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award vesting percentage	25.00%
Time Based Restricted Stock Unit Grants | 2007 and 2014 Incentive Plans Two | Share Based Compensation Award Tranche Two
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award vesting percentage	25.00%
Time Based Restricted Stock Unit Grants | 2007 and 2014 Incentive Plans Two | Share Based Compensation Award Tranche Three
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award vesting percentage	25.00%
Time Based Restricted Stock Unit Grants | 2007 and 2014 Incentive Plans Two | Share Based Compensation Award Tranche Four
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award vesting percentage	25.00%
Performance and Service Condition Based Restricted Stock Unit Grants | 2007 and 2014 Incentive Plans
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs Granted	174,000
Weighted average grant date fair value, granted | $ / shares	$ 14.54
Market and Service Condition Based Restricted Stock Unit Grants | 2007 and 2014 Incentive Plans
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs Granted	174,000
Stock award granted vesting period	3 years
Weighted average grant date fair value, granted | $ / shares	$ 11.49
Stock Options | 2014 Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award granted vesting period	4 years
Options, Granted	57,000
Exercise Price for the options on the grant date | $ / shares	$ 12.94
Weighted average grant date fair value of option | $ / shares	$ 7.26
Stock Options | 2014 Incentive Plan | Share Based Compensation Award Tranche One
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award vesting percentage	25.00%
Stock Options | 2014 Incentive Plan | Share Based Compensation Award Tranche Two
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award vesting percentage	25.00%
Stock Options | 2014 Incentive Plan | Share Based Compensation Award Tranche Three
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award vesting percentage	25.00%
Stock Options | 2014 Incentive Plan | Share Based Compensation Award Tranche Four
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock award vesting percentage	25.00%

Employee Stock-Based Compensa32

Employee Stock-Based Compensation - Restricted Stock Unit Valuation (Detail) - Market and Service Condition Based Restricted Stock Unit Grants	6 Months Ended
	Jun. 30, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility (company)	73.70%
Expected volatility (peer group median)	33.80%
Correlation between the company and peer group median	0.33
Expected dividend yield	0.00%
Risk-free rate	1.50%

Employee Stock-Based Compensa33

Employee Stock-Based Compensation - Stock Option Valuation (Detail) - Stock Options	6 Months Ended
	Jun. 30, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected life	6 years
Expected volatility	59.20%
Expected dividend yield	0.00%
Risk-free rate	2.20%

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Statutory Federal Income Tax Rate to Our Effective Rate for Continuing Operations (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	35.00%	35.00%	35.00%	35.00%
State income taxes, net of federal income tax	5.00%	5.00%	5.10%	5.10%
Valuation allowance	(6.40%)	(29.50%)	(6.00%)	(1.30%)
Stock compensation windfall benefit	(0.60%)		(3.40%)
Permanent differences	1.40%	1.90%	1.30%	2.40%
Other	(0.20%)	0.00%	0.40%	0.00%
Total effective rate for continuing operations	34.20%	12.40%	32.40%	41.20%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Taxes [Line Items]
Pre-tax income, required in future periods to fully realize federal deferred tax assets			$ 262.9
Increase (Decrease) in valuation allowance related to net deferred tax		$ 16		$ 10.9
Ownership change percentage criteria under Section 382 of the Internal Revenue Code			50.00%
Testing period			3 years
Percentage of investment sold by affiliates of significant shareholder			41.10%
State
Income Taxes [Line Items]
Increase (Decrease) in valuation allowance related to net deferred tax	$ 3.7		$ 3.7

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2017States
Commitments And Contingencies Disclosure [Abstract]
Construction defect legal claims in states	2

Segment and Product Informati37

Segment and Product Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2017StoreStatesRegionSegment
Segment Reporting [Abstract]
Number of Locations | Store	400
Number of states | States	40
Number of geographic regions | Region	9
Number of operating segments | Segment	9

Segment and Product Informati38

Segment and Product Information - Schedule of Reconciling Information by Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	$ 1,843,297	$ 1,677,300	$ 3,376,361	$ 3,074,415
Depreciation & Amortization	24,173	30,558	47,765	61,349
Interest	33,710	42,802	69,867	78,027
Income (loss) before income taxes	57,631	33,620	61,751	21,175
Operating Segments
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	1,785,609	1,640,286	3,281,242	2,996,288
Depreciation & Amortization	18,224	24,085	35,939	48,461
Interest	25,421	22,112	48,329	41,876
Income (loss) before income taxes	88,021	73,457	119,199	97,636
Operating Segments | Northeast
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	325,526	325,765	608,296	583,785
Depreciation & Amortization	3,475	5,406	6,953	10,889
Interest	5,353	4,608	10,252	8,758
Income (loss) before income taxes	11,853	12,456	14,790	15,065
Operating Segments | Southeast
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	389,743	363,982	743,716	670,588
Depreciation & Amortization	2,687	3,134	5,193	6,304
Interest	5,866	4,751	11,191	9,066
Income (loss) before income taxes	14,356	12,702	24,418	19,650
Operating Segments | South
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	481,099	427,727	930,952	833,124
Depreciation & Amortization	4,936	5,812	9,729	11,882
Interest	6,138	5,661	11,722	10,841
Income (loss) before income taxes	25,165	19,822	46,496	35,673
Operating Segments | West
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	589,241	522,812	998,278	908,791
Depreciation & Amortization	7,126	9,733	14,064	19,386
Interest	8,064	7,092	15,164	13,211
Income (loss) before income taxes	36,647	28,477	33,495	27,248
All other
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	57,688	37,014	95,119	78,127
Depreciation & Amortization	5,949	6,473	11,826	12,888
Interest	8,289	20,690	21,538	36,151
Income (loss) before income taxes	$ (30,390)	$ (39,837)	$ (57,448)	$ (76,461)

Segment and Product Informati39

Segment and Product Information - Segment Reporting Information by Product Category (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	$ 1,843,297	$ 1,677,300	$ 3,376,361	$ 3,074,415
Lumber And Lumber Sheet Goods
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	657,016	560,877	1,187,711	1,022,292
Manufactured Products
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	312,496	286,446	582,315	522,679
Windows, Doors And Millwork
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	359,514	329,424	669,212	626,092
Gypsum, Roofing And Insulation
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	144,250	138,662	261,457	250,964
Siding, Metal And Concrete Products
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	178,208	168,070	315,418	300,036
Other Building Products And Services
Entity Wide Information Revenue From External Customer [Line Items]
Net sales	$ 191,813	$ 193,821	$ 360,248	$ 352,352

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - PGT, Inc. - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Related Party Transaction [Line Items]
Windows purchased from PGT, Inc.	$ 4.1	$ 3.1	$ 6.5	$ 5.2
Accounts payable to related parties	$ 1.7		$ 1.7		$ 1.4