Installed Building Products (IBP) 10-Q 9 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 02, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	IBP
Entity Registrant Name	INSTALLED BUILDING PRODUCTS, INC.
Entity Central Index Key	1,580,905
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		31,477,489

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets
Cash	$ 11,700	$ 6,818
Accounts receivable (less allowance for doubtful accounts of $2,702 and $2,486 at March 31, 2016 and December 31, 2015, respectively)	107,290	103,198
Inventories	31,012	29,337
Other current assets	8,908	10,879
Total current assets	158,910	150,232
Property and equipment, net	60,430	57,592
Non-current assets
Goodwill	93,715	90,512
Intangibles, net	69,775	67,218
Other non-current assets	9,220	8,018
Total non-current assets	172,710	165,748
Total assets	392,050	373,572
Current liabilities
Current maturities of long-term debt	10,905	10,021
Current maturities of capital lease obligations	7,962	8,411
Accounts payable	55,594	50,867
Accrued compensation	16,747	14,488
Other current liabilities	13,574	13,635
Total current liabilities	104,782	97,422
Long-term debt	118,209	113,214
Capital lease obligations, less current maturities	11,264	12,031
Deferred income taxes	15,287	14,582
Other long-term liabilities	22,512	21,840
Total liabilities	$ 272,054	$ 259,089
Commitments and contingencies (Note 10)
Stockholders' equity
Preferred stock value
Common Stock; $0.01 par value: 100,000,000 authorized, 31,982,888 issued and 31,333,961 and 31,366,328 shares outstanding at March 31, 2016 and December 31, 2015, respectively (Note 6)	$ 320	$ 320
Additional paid in capital	157,224	156,688
Accumulated deficit	(25,329)	(31,142)
Treasury Stock; at cost: 648,927 and 616,560 shares at March 31, 2016 and December 31, 2015, respectively	(12,219)	(11,383)
Total stockholders' equity	119,996	114,483
Total liabilities and stockholders' equity	$ 392,050	$ 373,572

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 2,702	$ 2,486
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	31,982,888	31,982,888
Common stock, shares outstanding	31,333,961	31,366,328
Treasury Stock	648,927	616,560

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Net revenue	$ 191,698	$ 129,948
Cost of sales	137,107	95,822
Gross profit	54,591	34,126
Operating expenses
Selling	11,251	8,112
Administrative	30,283	22,237
Amortization	2,479	789
Operating income	10,578	2,988
Other expense
Interest expense	1,553	698
Other	104	25
Non-operating (income) expense	1,657	723
Income before income taxes	8,921	2,265
Income tax provision	3,108	1,023
Net income attributable to common stockholders	$ 5,813	$ 1,242
Basic and diluted net income per share attributable to common stockholders	$ 0.19	$ 0.04
Weighted average shares outstanding:
Basic	31,242,237	31,493,587
Diluted	31,330,971	31,494,848

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid In Capital [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]
BALANCE at Dec. 31, 2014	$ 91,874	$ 319	$ 154,497	$ (57,659)	$ (5,283)
BALANCE, Shares at Dec. 31, 2014		31,839,087
BALANCE, Treasury Shares at Dec. 31, 2014					(300,000)
Net income	1,242			1,242
Issuance of Restricted Stock Awards to Employees		$ 1	(1)
Issuance of Restricted Stock Awards to Employees, Shares		130,197
Share-Based Compensation Expense	102		102
Common Stock Repurchase, Value	(6,100)				$ (6,100)
Common Stock Repurchase, Shares					(315,000)
BALANCE at Mar. 31, 2015	87,118	$ 320	154,598	(56,417)	$ (11,383)
BALANCE, Shares at Mar. 31, 2015		31,969,284
BALANCE, Treasury Shares at Mar. 31, 2015					(615,000)
BALANCE at Dec. 31, 2015	$ 114,483	$ 320	156,688	(31,142)	$ (11,383)
BALANCE, Shares at Dec. 31, 2015	31,982,888	31,982,888
BALANCE, Treasury Shares at Dec. 31, 2015	(616,560)				(616,560)
Net income	$ 5,813			5,813
Surrender of Restricted Stock Awards by Employees, Value	(836)				$ (836)
Surrender of Restricted Stock Awards by Employees, Shares					(32,367)
Share-Based Compensation Expense	536		536
BALANCE at Mar. 31, 2016	$ 119,996	$ 320	$ 157,224	$ (25,329)	$ (12,219)
BALANCE, Shares at Mar. 31, 2016	31,982,888	31,982,888
BALANCE, Treasury Shares at Mar. 31, 2016	(648,927)				(648,927)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities
Net income	$ 5,813	$ 1,242
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization of property and equipment	5,443	3,500
Amortization of intangibles	2,479	789
Amortization of deferred financing costs and debt discount	77	36
Provision for doubtful accounts	521	536
Write-off of debt issuance costs	286
Gain on sale of property and equipment	(79)	(68)
Noncash stock compensation	536	102
Deferred income taxes	708
Changes in assets and liabilities, excluding effects of acquisitions
Accounts receivable	(3,045)	2,094
Inventories	(1,364)	(796)
Other assets	1,619	282
Accounts payable	3,557	(923)
Income taxes payable	284	1,046
Other liabilities	2,992	(1,855)
Net cash provided by operating activities	19,827	5,985
Cash flows from investing activities
Purchases of property and equipment	(6,503)	(5,666)
Acquisitions of businesses, net of cash acquired of $0 and $661, respectively	(8,797)	(30,019)
Proceeds from sale of property and equipment	190	153
Net cash used in investing activities	(15,110)	(35,532)
Cash flows from financing activities
Proceeds from vehicle and equipment notes payable	4,933	4,361
Debt issuance costs	(1,228)
Principal payments on long term debt	(1,119)	(766)
Principal payments on capital lease obligations	(2,348)	(2,413)
Acquisition-related obligations	(1,112)
Repurchase of common stock		(6,100)
Surrender of restricted stock by employees	(836)
Net cash provided by financing activities	165	25,132
Net change in cash	4,882	(4,415)
Cash at beginning of period	6,818	10,761
Cash at end of period	11,700	6,346
Supplemental disclosures of cash flow information Net cash paid during the period for:
Interest	1,155	646
Income taxes, net of refunds	2,398	(24)
Supplemental disclosure of noncash investing and financing activities
Vehicles capitalized under capital leases and related lease obligations	1,247	509
Seller obligations in connection with acquisition of businesses	1,052	5,486
July 2014 Credit Agreement [Member]
Cash flows from financing activities
Proceeds from revolving line of credit		35,400
Payments on revolving line of credit		$ (5,350)
February 2016 Credit Agreement [Member]
Cash flows from financing activities
Proceeds from term loan	100,000
April 2015 Credit Agreement [Member]
Cash flows from financing activities
Payments on term loan	(48,125)
Payments on delayed draw term loan	$ (50,000)

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Cash Flows [Abstract]
Cash acquired, Net	$ 0	$ 661

Organization

Organization	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	NOTE 1 – ORGANIZATION Installed Building Products, Inc. (“IBP”), a Delaware corporation formed on October 28, 2011, and its subsidiaries (collectively referred to as the “Company” and “we”, “us” and “our”) primarily install insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products for residential and commercial builders located in the continental United States. IBP operates in over 100 locations within the continental United States and its corporate office is located in Columbus, Ohio. We have one operating segment and a single reportable segment. Substantially all of our sales come from service-based installation of various products in the residential new construction and repair and remodel and commercial new construction and repair and remodel end markets. Each of our branches has the capacity to serve all of our end markets. The following table sets forth the percentage of our net revenue by end market for the three months ended March 31, 2016 and 2015: Residential new construction and repair and remodel 89 % Commercial new construction and repair and remodel 11 100 %

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying condensed consolidated financial statements include all of our wholly owned subsidiaries and majority owned subsidiaries. The non-controlling interest relating to majority owned subsidiaries is not significant for presentation. All intercompany accounts and transactions have been eliminated. The information furnished in the condensed consolidated financial statements includes normal recurring adjustments and reflects all adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations and statements of financial position for the interim periods presented. Certain information and footnote disclosures normally included in the consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the SEC have been condensed or omitted pursuant to such rules and regulations. We believe that the disclosures are adequate to prevent the information presented from being misleading when read in conjunction with our consolidated financial statements and the notes thereto included in Part II, Item 8, Financial Statements and Supplementary Data, of our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (the “2015 Form 10-K”), as filed with the SEC on March 9, 2016. The December 31, 2015 condensed consolidated balance sheet data was derived from the audited financial statements but does not include all disclosures required by U.S. GAAP. Our interim operating results for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected in future operating quarters. See Item 1A. Risk Factors, in our 2015 Form 10-K, for additional information regarding risk factors that may impact our results. Note 2 to the consolidated financial statements in our 2015 Form 10-K describes the significant accounting policies and estimates used in preparation of the consolidated financial statements. There have been no changes to our significant accounting policies or estimates during the three months ended March 31, 2016. Use of Estimates Preparation of the consolidated financial statements in conformity with U.S. 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the allowance for doubtful accounts, valuation allowance on deferred tax assets, valuation of the reporting unit, intangible assets and other long-lived assets, share based compensation, reserves for general liability, and workers’ compensation and medical insurance. Management believes the accounting estimates are appropriate and reasonably determined; however, due to the inherent uncertainties in making these estimates, actual amounts could differ from such estimates. Advertising Costs Advertising costs are expensed as incurred. Advertising expense was approximately $0.7 million and $0.4 million for the three months ended March 31, 2016 and 2015, respectively, and is included in selling expense on the Condensed Consolidated Statements of Operations. Recently Adopted Accounting Pronouncements In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” Under this ASU, we will present debt issuance costs in the balance sheet as a reduction from the related debt liability rather than as an asset. Amortization of such costs will continue to be reported as interest expense. During the quarter ended March 31, 2016, we retrospectively adopted ASU 2015-03, which resulted in a reclassification of $0.5 million of debt issuance costs related to our long-term debt from other non-current assets to long-term debt. In April 2015, the FASB issued ASU 2015-05, “Intangibles–Goodwill and Other–Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement.” This update provides criteria for customers in a cloud computing arrangement to determine whether the arrangement includes a license of software. We adopted this guidance effective January 1, 2016 and have determined this ASU did not have a material impact on our consolidated financial statements. In August 2015, the FASB issued ASU 2015-15, “Imputation of Interest (Subtopic 835-30).” This ASU amends ASU 2015-03 regarding the presentation and subsequent measurement of debt issuance costs related to line of credit arrangements. Specifically, it provides guidance for deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line of credit arrangement, regardless of whether there are any outstanding borrowings on the line of credit arrangement. We adopted this guidance effective January 1, 2016 and have determined this ASU did not have a material impact on our condensed consolidated financial statements. After applying the new guidance, deferred debt issuance costs were $1.5 million and $0.6 million as of March 31, 2016 and December 31, 2015, respectively. In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805).” This ASU requires an acquirer to retrospectively adjust provisional amounts recognized in a business combination during the measurement period. To simplify the accounting for adjustments made to provisional amounts, the amendments in this update require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. In addition, an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. For public business entities, this update is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. While previous adjustments to provisional amounts did not have a material impact on our financial statements, it is possible that future adjustments made during measurement periods to recently acquired entities or entities acquired in the future could have a material impact on our financial statements. In March 2016, the FASB issued ASU No. 2016-09, “Compensation-Stock Compensation (Topic 718).” This update amends the accounting for forfeitures, employer tax withholding on share-based compensation and the financial statement presentation of excess tax benefits or deficiencies. This ASU also clarifies the statement of cash flows presentation for certain components of share-based awards. As early adoption is permitted, we adopted this standard effective January 1, 2016 and have concluded that it will not have a material impact on our condensed consolidated financial statements. Under ASU 2016-09, we classify the excess income tax benefits from stock-based compensation arrangements as a discrete item within income tax expense, rather than recognizing such excess income tax benefits in additional paid-in capital. Excess income tax benefits from stock-based compensation arrangements are classified as an operating activity rather than as a financing activity. In addition, when we withhold shares from an employee’s vesting of restricted stock to fund payment by us of the employee’s taxes, the payment is classified as a financing activity. We have elected to continue to estimate the forfeitures expected to occur to determine the amount of compensation cost to be recognized in each period. Recently Issued Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 sets forth a new revenue recognition model that requires identifying the contract(s) with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations and recognizing the revenue upon satisfaction of performance obligations. In July 2015, the FASB voted to defer the application of the provisions of this standard for public companies until annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. We are still evaluating whether this ASU will have a material impact on our consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, “Inventory (Topic 330).” This update requires an entity to measure inventory within the scope of the update at the lower of cost and net realizable value. For public business entities, this update is effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. We are still evaluating whether this ASU will have a material impact on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” This update amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. For public business entities, this update is effective for annual reporting periods beginning after December 15, 2018, including interim periods within those fiscal years, and early adoption is permitted as of the standard’s issuance date. We are still evaluating whether this ASU will have a material impact on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-06, “Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments.” This ASU clarifies the requirement for assessing whether contingent call (put) options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt hosts. An entity performing the assessment under this amendment is required to assess the embedded call (put) options solely in accordance with the four-step decision sequence. Consequently, when a call (put) option is contingently exercisable, an entity does not have to assess whether the event that triggers the ability to exercise a call (put) option is related to interest rates or credit risks. For public business entities, this update is effective for financial statements issued for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years. We are still evaluating whether this ASU will have a material impact on our consolidated financial statements. In April 2016, the FASB issued ASU No. 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing,” which provides supplemental adoption guidance and clarification to ASU 2014-09. ASU 2016-10 must be adopted concurrently with the adoption of ASU 2014-09. We are still evaluating whether the future adoption of these pronouncements will have a material impact on our condensed consolidated financial statements.

Goodwill and Intangibles

Goodwill and Intangibles	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	NOTE 3 – GOODWILL AND INTANGIBLES Goodwill The change in carrying amount of goodwill was as follows (in thousands): Goodwill Accumulated Goodwill January 1, 2016 $ 160,516 $ (70,004 ) $ 90,512 Business Combinations 3,203 — 3,203 March 31, 2016 $ 163,719 $ (70,004 ) $ 93,715 We test goodwill for impairment annually during the fourth quarter of our fiscal year or earlier if there is an impairment indicator. No impairment was recognized during either of the three month periods ended March 31, 2016 and 2015. Intangibles, net The following table provides the gross carrying amount and accumulated amortization for each major class of intangibles (in thousands): As of March 31, 2016 As of December 31, 2015 Gross Net Gross Net Carrying Accumulated Book Carrying Accumulated Book Amount Amortization Value Amount Amortization Value Amortized intangibles: Customer relationships $ 65,465 $ 21,873 $ 43,592 $ 62,399 $ 20,231 $ 42,168 Covenants not-to-compete 6,163 1,166 4,997 5,729 847 4,882 Trademarks and tradenames 29,856 8,670 21,186 28,320 8,152 20,168 $ 101,484 $ 31,709 $ 69,775 $ 96,448 $ 29,230 $ 67,218 The gross carrying amount of intangibles increased approximately $5.0 million during the three months ended March 31, 2016 due to business combinations. See Note 11, Business Combinations, for more information. Remaining estimated aggregate annual amortization expense is as follows (amounts, in thousands, are for the fiscal year ended): Remainder of 2016 $ 7,351 2017 9,206 2018 8,964 2019 8,559 2020 7,967 Thereafter 27,728

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Long-Term Debt	NOTE 4 – LONG-TERM DEBT Debt consists of the following (in thousands): As of March 31, As of December 31, 2016 2015 Term loan under April 2015 Credit Agreement, net of unamortized debt discount of $249 $ — $ 47,876 Term loan under February 2016 Credit Agreement, net of unamortized debt discount of $530 99,470 — Delayed draw term loan under April 2015 Credit Agreement, net of unamortized debt discount of $261 — 49,739 Vehicle and equipment notes 24,950 21,091 Various notes payable, maturing through March 2025; payable in various monthly installments, including interest rates ranging from 0.0% to 10.0% 4,694 4,529 129,114 123,235 Less: current maturities (10,905 ) (10,021 ) Long-term debt, less current maturities $ 118,209 $ 113,214 On February 29, 2016, we entered into a Credit and Security Agreement (the “February 2016 Credit Agreement”) with the lenders named therein and KeyBank National Association, as joint lead arranger, sole book runner, administrative agent, swing line lender and issuing lender. The February 2016 Credit Agreement amended and restated our previous credit agreement (the “April 2015 Credit Agreement”), which was scheduled to mature in April 2020. We used a portion of the funds from the February 2016 Credit Agreement to pay off the outstanding balances under the April 2015 Credit Agreement. The February 2016 Credit Agreement provides for a five-year senior secured credit facility in an aggregate principal amount of up to $325.0 million, consisting of a $100.0 million revolving line of credit (the “Revolving LOC”), a $100.0 million term loan (the “Term Loan”), which was fully borrowed at closing, and a delayed draw term loan facility (the “Delayed Draw Term Loan Facility”) providing for up to $125.0 million in additional term loan draws during the first year of the February 2016 Credit Agreement. Under the Revolving LOC, up to an aggregate of $20.0 million is available to us for the issuance of letters of credit and up to an aggregate of $5.0 million is available to us for swing line loans. The February 2016 Credit Agreement also includes an accordion feature which allows us, at our option but subject to lender and certain other approvals, to add up to an aggregate of $75.0 million in principal amount of term loans or additional revolving credit commitments, subject to the same terms as the Revolving LOC and Term Loan. As of March 31, 2016, there were approximately $12.3 million in letters of credit issued and no borrowings outstanding under the Revolving LOC, and no borrowings under the Delayed Draw Term Loan Facility. The Term Loan amortizes in quarterly principal payments of $1.3 million starting on June 30, 2016, with the quarterly payment amount increasing to $2.5 million through December 31, 2020. Draws under the Delayed Draw Term Loan Facility convert to an amortizing term loan (the “DDTL Term Loan”) on the earlier of (1) the date the Delayed Draw Term Loan Facility is fully drawn and (2) February 28, 2017, when it will begin to amortize in quarterly principal payments equal (on a percentage basis) to the then-current amortization rate on the Term Loan. Draws under the Delayed Draw Term Loan Facility may be used only for acquisitions or major capital expenditures. In addition to scheduled amortization payments, if our leverage ratio for any fiscal year is greater than or equal to 3.00 to 1.00, we would be required to make additional payments on the Term Loan and DDTL Term Loan for such fiscal year equal to at least 50% of our excess cash flow (as defined in the February 2016 Credit Agreement) for such fiscal year within 10 days of our delivery of the financial reports required under the February 2016 Credit Agreement. Any remaining unpaid balances on the Term Loan and the DDTL Term Loan are due on February 28, 2021 (the “Maturity Date”). Loans under the April 2015 Credit Agreement and the February 2016 Credit Agreement bear interest at either the eurodollar rate (“LIBOR”) or the base rate (which approximates prime rate), at our election, plus a margin based on the type of rate applied and our leverage ratio. At December 31, 2015, the outstanding balances on the Term Loan and DDTL bore interest at 1-month LIBOR, including margin (1.95%), and the outstanding balance on the Term Loan at March 31, 2016 bore interest at 1-month LIBOR, including margin (2.19%). In addition to interest, we are required to pay commitment fees on the unused portion of the Revolving LOC. The commitment fee rate for the period from February 29, 2016 through August 31, 2016, will be 22.5 basis points. Thereafter, the commitment fee rate, like the interest rate spreads, is subject to adjustment based on our leverage ratio, with possible future commitment fees ranging from 0.20% to 0.30% per annum. We are also required to pay a ticking fee of 37.5 basis points per annum on the unused portion of the Delayed Draw Term Loan Facility until it is fully drawn or February 28, 2017, whichever is earlier. All of the obligations under the February 2016 Credit Agreement will be guaranteed by our existing and future direct and indirect material domestic subsidiaries, other than Suburban Insulation, Inc. (the “Guarantors”). Subject to certain restrictions, all of our and each Guarantor’s obligations under the February 2016 Credit Agreement are secured by: (1) all of our and each Guarantor’s tangible and intangible personal property and real property, excluding those assets pledged under capital leases and capital equipment loans; (2) a pledge of, and first priority perfected lien on, 100% of the capital stock or other equity interests of our and each Guarantor’s domestic subsidiaries; and (3) a negative pledge on all of our and each Guarantor’s assets. The February 2016 Credit Agreement contains covenants (as defined in the February 2016 Credit Agreement) that require us, commencing with the quarter ending June 30, 2016, to (1) maintain a fixed charge coverage ratio of not less than 1.10 to 1.0 and (2) maintain a leverage ratio of no greater than (a) 3.50 to 1.00 through December 30, 2016; (b) 3.25 to 1.00 on December 31, 2016 through June 29, 2017; (c) 3.00 to 1.00 on June 30, 2017 through December 30, 2017; (d) 2.75 to 1.00 on December 31, 2017 through June 29, 2018; and (e) 2.50 to 1.00 on June 30, 2018 and thereafter. The February 2016 Credit Agreement also contains various restrictive non-financial covenants and a provision that, upon an event of default (as defined by the February 2016 Credit Agreement), amounts outstanding under the February 2016 Credit Agreement would bear interest at the rate as determined above plus 2.0% per annum. Vehicle and Equipment Notes We have entered into a Master Loan and Security Agreement (“Master Loan Agreement”) and a Master Equipment Lease Agreement (“Master Equipment Agreement”) with various lenders to provide financing for the purpose of purchasing or leasing vehicles and equipment used in the normal course of business. Each financing arrangement under these agreements constitutes a separate note and obligation. Vehicles and equipment purchased or leased under each financing arrangement serve as collateral for the note applicable to such financing arrangement. Regular payments are due under each note for a period of typically 60 consecutive months after the incurrence of the obligation. The specific terms of each note are based on specific criteria, including the type of vehicle or equipment and the market interest rates at the time. No termination date applies to these agreements. Total gross assets relating to our master loan and equipment agreements were $30.7 million and $7.9 million as of March 31, 2016 and 2015, respectively, none of which were fully depreciated as of March 31, 2016 or 2015. The net book value of assets under these agreements was $26.2 million and $7.5 million as of March 31, 2016 and 2015, respectively, net of accumulated depreciation of $4.5 million and $0.4 million as of March 31, 2016 and 2015, respectively. Depreciation of assets held under these agreements is included within cost of sales on the Condensed Consolidated Statements of Operations.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 5 – FAIR VALUE MEASUREMENTS Fair Values Fair value is the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Accounting Standards Codification (“ASC”) 820, “Fair Value Measurement,” establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Estimated Fair Value of Financial Instruments Accounts receivable, accounts payable and accrued liabilities as of March 31, 2016 and December 31, 2015 approximate fair value due to the short-term maturities of these financial instruments. The carrying amounts of the long-term debt, including the Term Loan, DDTL Term Loan and Revolving LOC, approximate fair value as of March 31, 2016 and December 31, 2015 due to the short term maturities of the underlying variable rate LIBOR agreements. The carrying amounts of the obligations associated with our capital leases approximate fair value as of March 31, 2016 and December 31, 2015 because the associated assets generate sufficient cash to settle the obligations. All debt classifications represent Level 2 fair value measurements. Assets and Liabilities Measured at Fair Value on a Recurring Basis In many cases, a valuation technique used to measure fair value includes inputs from multiple levels of the fair value hierarchy. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy. During the periods presented, there were no transfers between fair value hierarchical levels.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Stockholders' Equity	NOTE 6 – STOCKHOLDERS’ EQUITY As of March 31, 2016, we had 5.0 million shares of preferred stock authorized with no shares issued or outstanding, 100.0 million shares of common stock authorized, 32.0 million shares of common stock issued and 31.3 million shares of common stock outstanding, all with par value of $0.01, and approximately 0.6 million shares of treasury stock at cost.

Employee Benefits

Employee Benefits	3 Months Ended
	Mar. 31, 2016
Postemployment Benefits [Abstract]
Employee Benefits	NOTE 7 – EMPLOYEE BENEFITS Healthcare Our healthcare benefit expense (net of employee contributions) was approximately $4.3 million and $2.7 million for the three months ended March 31, 2016 and 2015, respectively, for all plans. An accrual for estimated healthcare claims incurred but not reported (“IBNR”) is included within accrued compensation on the Condensed Consolidated Balance Sheets and was $1.8 million and $1.5 million as of March 31, 2016 and December 31, 2015, respectively. Workers’ Compensation Workers’ compensation expense totaled $3.0 million and $2.1 million for the three months ended March 31, 2016 and 2015, respectively. Workers’ compensation known claims and IBNR reserves included on the Condensed Consolidated Balance Sheets were as follows (in thousands): March 31, December 31, 2016 2015 Included in other current liabilities $ 3,075 $ 3,263 Included in other long-term liabilities 7,868 7,132 $ 10,943 $ 10,395 We also had an insurance receivable for claims that exceeded the stop loss limit included on the Condensed Consolidated Balance Sheets. That receivable offsets an equal liability included within the reserve amounts noted above and was as follows (in thousands): March 31, December 31, 2016 2015 Included in other non-current assets $ 1,545 $ 1,542 Share-Based Compensation Directors We periodically grant shares of restricted stock to members of our Board of Directors. Accordingly, we record compensation expense within administrative expenses on the Condensed Consolidated Statements of Operations at the time of the grant. No shares were granted to our directors during the three months ended March 31, 2016 or 2015. Employees During the three months ended March 31, 2015, we granted approximately 0.1 million shares of restricted stock under our 2014 Omnibus Incentive Plan to our employees, which vested 100% between January 7, 2016 and March 31, 2016 for non-executive employees and in three equal installments (rounded to the nearest whole share) on each of March 31, 2016, March 31, 2017 and March 31, 2018 for certain officers. During the three months ended March 31, 2016, our employees surrendered approximately 32 thousand shares of our common stock to satisfy tax withholding obligations arising in connection with the vesting of such restricted stock awards issued under our 2014 Omnibus Incentive Plan. Share-based compensation expense was $0.5 million for the three months ended March 31, 2016. The Company recognized excess tax benefits of $0.2 million in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2016. Nonvested restricted stock as of December 31, 2015 and changes during the three months ended March 31, 2016 were as follows: Restricted Weighted Nonvested restricted stock at December 31, 2015 129,053 $ 21.52 Granted — — Vested (109,473 ) 21.48 Forfeited (459 ) 21.79 Nonvested restricted stock at March 31, 2016 19,121 $ 21.79 As of March 31, 2016, there was $0.4 million of unrecognized compensation expense related to nonvested restricted stock. This expense is subject to future adjustments for forfeitures and is expected to be recognized on a straight-line basis over the remaining weighted-average period of 2.0 years. Shares forfeited are returned as treasury shares and available for future issuances. As of March 31, 2016, approximately 2.8 million shares of common stock were available for issuance under the 2014 Omnibus Incentive Plan.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 8 – INCOME TAXES Our provision for income taxes as a percentage of pretax earnings (“effective tax rate”) is based on a current estimate of the annual effective income tax rate adjusted to reflect the impact of discrete items. During the three months ended March 31, 2016, the effective tax rate was 34.9 percent. This rate was favorably impacted by deductions related to domestic production activities as well as early adoption of ASU 2016-09, offset by separate tax filing entities in a loss position for which a full valuation allowance will be accounted for against the losses, causing no tax benefit to be recognized on the losses. On March 30, 2016, the FASB issued ASU 2016-09 which simplifies several aspects of the accounting for employee share-based payment transactions. We have decided to early adopt ASU 2016-09 and per its guidance are recognizing $0.2 million of excess income tax benefits from stock-based compensation arrangements as a discrete item within income tax expense, rather than recognizing such benefits in additional paid-in-capital for the three months ended March 31, 2016.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 9 – RELATED PARTY TRANSACTIONS We sell installation services to other companies related to us through common or affiliated ownership and/or Board of Directors and/or management relationships. We also purchase services and materials and pay rent to companies with common or related ownership. We lease our headquarters and certain other facilities from related parties. See Note 10, Commitments and Contingencies, for future minimum lease payments to be paid to these related parties. For the three months ended March 31, 2016 and 2015, the amount of sales to common or related parties as well as the purchases from and rent expense paid to common or related parties were as follows (in thousands): Three months ended March 31, 2016 2015 Sales $ 1,527 $ 1,166 Purchases 103 116 Rent 155 148 As of March 31, 2016 and December 31, 2015, we had related party balances of approximately $1.0 million and $1.8 million, respectively, included in accounts receivable on our Condensed Consolidated Balance Sheets. These balances represent trade accounts receivable arising during normal course of business with various related parties. M/I Homes, Inc., a customer whose Chairman, President and Chief Executive Officer is a member of our Board of Directors, accounted for $0.5 million and $1.0 million of these balances as of March 31, 2016 and December 31, 2015, respectively. On March 13, 2015, we entered into a share repurchase agreement with Installed Building Systems, Inc. (“IBS”), a related party, for the purchase of approximately 0.3 million shares of our common stock for a purchase price of approximately $6.1 million (or $19.23 per share, which represented a 7.5% discount to the last reported price of our common stock on March 13, 2015) plus minor costs we incurred with respect to the transaction of $43 thousand, totaling $6.1 million.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 10 – COMMITMENTS AND CONTINGENCIES Accrued General Liability Accrued general insurance reserves included on the Condensed Consolidated Balance Sheets were as follows (in thousands): March 31, December 31, 2016 2015 Included in other current liabilities $ 1,282 $ 1,304 Included in other long-term liabilities 7,504 6,879 $ 8,786 $ 8,183 We also had insurance receivables included on the Condensed Consolidated Balance Sheets that, in aggregate, offset an equal liability included within the reserve amounts noted above. The amounts were as follows (in thousands): March 31, December 31, 2016 2015 Insurance receivable and indemnification asset for claims under a fully insured policy $ 2,815 $ 2,815 Insurance receivable for claims that exceeded the stop loss limit 907 821 Total insurance receivables included in other non-current assets $ 3,722 $ 3,636 Leases We are obligated under capital leases covering vehicles and certain equipment. The vehicle and equipment leases generally have terms ranging from four to six years. Total gross assets relating to capital leases were approximately $65.0 million and $64.9 million as of March 31, 2016 and December 31, 2015, respectively, and a total of approximately $19.5 million and $19.1 million were fully depreciated as of March 31, 2016 and December 31, 2015, respectively. The net book value of assets under capital leases was approximately $20.8 million and $22.1 million as of March 31, 2016 and December 31, 2015, respectively, net of accumulated depreciation of $44.2 million and $42.8 million as of March 31, 2016 and December 31, 2015, respectively. Amortization of assets held under capital leases is included within cost of sales on the Condensed Consolidated Statements of Operations. We also have several noncancellable operating leases, primarily for buildings, improvements, equipment, and certain vehicles. These leases generally contain renewal options for periods ranging from one to five years and require us to pay all executory costs such as property taxes, maintenance and insurance. In some instances, lease agreements exist with related parties. Future minimum lease payments under noncancellable operating leases (with initial or remaining lease terms in excess of one year) with related parties as of March 31, 2016 are as follows (amounts, in thousands, are as of the fiscal year ended): Remainder of 2016 $ 440 2017 366 2018 155 2019 — 2020 — Thereafter — Supply Contract Commitments As of March 31, 2016, we had two product supply contracts, one extending through December 31, 2016 and one extending through August 31, 2017. The contract extending through August 31, 2017 has been suspended through December 31, 2016. Our obligations for both contracts are based on quantity without a specific rate applied and therefore are not quantifiable. We expect our quantity of purchases to exceed the minimum quantity commitments for all years covered by the contracts. Actual purchases made under the contract extending through December 31, 2016 for the three months ended March 31, 2016 and 2015 were approximately $14.2 million and $11.8 million, respectively. Other Commitments and Contingencies From time to time, various claims and litigation are asserted or commenced against us principally arising from contractual and tort matters and personnel and employment disputes. In determining loss contingencies, management considers the likelihood of loss as well as the ability to reasonably estimate the amount of such loss or liability. An estimated loss is recorded when it is considered probable that such a liability has been incurred and when the amount of loss can be reasonably estimated. As litigation is subject to inherent uncertainties, we cannot be certain that we will prevail in these matters. However, we do not believe that the ultimate outcome of any pending matters will have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Business Combinations	NOTE 11 – BUSINESS COMBINATIONS As part of our ongoing strategy to increase market share in certain markets, we completed three business combinations during the three months ended March 31, 2016 and one business combination during the three months ended March 31, 2015. The goodwill to be recognized in conjunction with these business combinations is attributable to expected improvement in the business of these acquired companies. We estimate approximately $3.6 million of the goodwill resulting from the 2016 acquisitions is expected to be deductible for tax purposes. 2016 On January 25, 2016, we acquired substantially all of the assets of Key Green Builder Services, LLC d/b/a Key Insulation. The purchase price consisted of cash of $5.0 million and seller obligations of $0.7 million. Revenue and net loss since the date of acquisition included in our Condensed Consolidated Statement of Operations for the three months ended March 31, 2016 were $2.1 million and $28 thousand, respectively. On February 2, 2016, we acquired substantially all of the assets of Marshall Insulation, LLC (“Marshall”). The purchase price consisted of cash of $0.9 million and seller obligations of $0.1 million. Revenue and net loss since the date of acquisition included in our Condensed Consolidated Statement of Operations for the three months ended March 31, 2016 were $0.6 million and $86 thousand, respectively. On February 29, 2016, we acquired substantially all of the assets of Kern Door Company, Inc. (“Kern”). The purchase price consisted of cash of $2.9 million and seller obligations of $0.1 million. Revenue and net income since the date of acquisition included in our Condensed Consolidated Statement of Operations for the three months ended March 31, 2016 were $0.3 million and $13 thousand, respectively. 2015 On March 12, 2015, we acquired 100% of the stock and membership interests of nine different legal entities, collectively referred to as BDI Insulation (“BDI”). The purchase price consisted of cash of $30.7 million and seller obligations of $5.8 million. Revenue and net loss since the date of acquisition included in our Condensed Consolidated Statement of Operations for the three months ended March 31, 2015 were $2.1 million and $74 thousand, respectively. Purchase Price Allocations The estimated fair values of the assets acquired and liabilities assumed for the acquisitions, as well as total purchase prices and cash paid, approximated the following as of March 31 and as may be adjusted during the valuation period since acquisition (in thousands): 2016 2015 Estimated fair values: Cash $ — $ 661 Accounts receivable 1,616 4,735 Inventories 311 980 Other current assets 8 368 Property and equipment 744 1,006 Intangibles 5,036 21,280 Goodwill 3,190 16,213 Other non-current assets — 3,736 Accounts payable and other current liabilities (1,238 ) (3,303 ) Deferred income tax liabilities — (5,495 ) Long-term debt — — Other long-term liabilities — (3,736 ) Fair value of assets acquired and total purchase price 9,667 36,445 Less seller obligations 870 5,765 Cash paid $ 8,797 $ 30,680 Further adjustments to the allocation for each acquisition still under its measurement period are expected as third-party or internal valuations are finalized, certain tax aspects of the transaction are completed, and customary post-closing reviews are concluded during the measurement period attributable to each individual business combination. As a result, minor adjustments to the fair value of assets acquired, and in some cases total purchase price, have been made to certain business combinations since the date of acquisition and future adjustments may be made through the end of each measurement period. In addition, goodwill increased $13 thousand during the three months ended March 31, 2016 due to minor adjustments to the allocation of certain acquisitions still under measurement. As a result, goodwill in the above table does not agree to the total gross increase of this asset as shown in Note 3, Goodwill and Intangibles. Included in other noncurrent assets in the above table for the three months ended March 31, 2015 is an insurance receivable of $2.0 million and an indemnification asset associated with the acquisition of BDI in the amount of $1.7 million. These assets offset equal liabilities included in other long-term liabilities in the above table, which represent additional insurance reserves and an uncertain tax position liability for which we may be liable. All amounts are measured at their acquisition date fair value. Estimates of acquired intangible assets related to the acquisitions are as follows (dollars in thousands): As of the three months ended March 31, 2016 2015 Acquired intangibles assets Estimated Weighted Estimated Weighted Customer relationships $ 3,067 8 $ 14,400 8 Trademarks and trade names 1,535 15 6,200 15 Non-competition agreements 434 5 680 5 Pro Forma Information The unaudited pro forma information for the combined results of the Company has been prepared as if the 2016 acquisitions had taken place on January 1, 2015 and the 2015 acquisition had taken place on January 1, 2014. The unaudited pro forma information is not necessarily indicative of the results that we would have achieved had the transactions actually taken place on January 1, 2015 and 2014, and the unaudited pro forma information does not purport to be indicative of future financial operating results. See Note 12, Business Combinations, to our audited financial statements in Item 8 of Part II of our 2015 Form 10-K for additional information on 2015 acquisitions included in the table below. Pro forma for the three months ended March 31, 2016 2015 Net revenue $ 193,125 $ 156,466 Net income attributable to common stockholders $ 5,775 $ 1,508 Basic and diluted net income per share attributable to common stockholders $ 0.18 $ 0.05 Unaudited pro forma net income reflects additional intangible asset amortization expense of $66 thousand and $1.7 million for the three months ended March 31, 2016 and 2015, respectively. In addition, unaudited pro forma net income attributable to common stockholders includes an income tax benefit of $20 thousand for the three months ended March 31, 2016 and an income tax expense of $0.2 million for the three months ended March 31, 2015. Approximately $1.0 million in transaction costs incurred by a seller resulting from a business combination that occurred during the three months ended March 31, 2015 were included in earnings reported for the three months ended March 31, 2014.

Income Per Common Share

Income Per Common Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Income Per Common Share	NOTE 12 –INCOME PER COMMON SHARE Basic net income per share is calculated by dividing net income attributable to common stockholders by the weighted average shares outstanding during the period, without consideration for common stock equivalents. Diluted net income per share is calculated by adjusting weighted average shares outstanding for the dilutive effect of common stock equivalents outstanding for the period, determined using the treasury stock method. Potential common stock is included in the diluted income per share calculation when dilutive. Diluted income per share was as follows (in thousands, except share and per share data): For the three months ended 2016 2015 Net income attributable to common stockholders - basic and diluted $ 5,813 $ 1,242 Weighted average number of common shares outstanding 31,242,237 31,493,587 Dilutive effect of outstanding restricted stock awards after application of the Treasury Stock Method 88,734 1,261 Diluted shares outstanding 31,330,971 31,494,848 Basic and diluted income per share attributable to common stockholders $ 0.19 $ 0.04 For the three months ended March 31, 2015, diluted net income per share did not include approximately 29 thousand shares of our non-vested restricted stock as the effect would have been antidilutive.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	NOTE 13 – SUBSEQUENT EVENTS On April 11, 2016, we acquired substantially all of the assets of Alpine Insulation Co., Inc. (“Alpine”) for total consideration of approximately $22.5 million, subject to a working capital adjustment. The initial accounting for the business combination was not complete at the time the financial statements were issued due to the timing of the acquisition and the filing of this Quarterly Report on Form 10-Q. As a result, disclosures required under ASC 805-10-50, Business Combinations, cannot be made at this time. On April 27, 2016, we entered into one or more Master Loan Agreements (“Master Loan Agreements”) with a lender to provide financing up to $7.0 million for the purpose of purchasing vehicles and related service equipment used in the normal course of business. Vehicles and equipment purchased under these Master Loan Agreements serve as collateral for each obligation controlled by this financing arrangement. Each financing arrangement under these Master Loan Agreements will serve as an obligation. Regular payments are due under each obligation at the time the obligation occurs for a period of 60 consecutive months. There was no balance outstanding thereunder at March 31, 2016.

Significant Accounting Polici21

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying condensed consolidated financial statements include all of our wholly owned subsidiaries and majority owned subsidiaries. The non-controlling interest relating to majority owned subsidiaries is not significant for presentation. All intercompany accounts and transactions have been eliminated. The information furnished in the condensed consolidated financial statements includes normal recurring adjustments and reflects all adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations and statements of financial position for the interim periods presented. Certain information and footnote disclosures normally included in the consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the SEC have been condensed or omitted pursuant to such rules and regulations. We believe that the disclosures are adequate to prevent the information presented from being misleading when read in conjunction with our consolidated financial statements and the notes thereto included in Part II, Item 8, Financial Statements and Supplementary Data, of our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (the “2015 Form 10-K”), as filed with the SEC on March 9, 2016. The December 31, 2015 condensed consolidated balance sheet data was derived from the audited financial statements but does not include all disclosures required by U.S. GAAP. Our interim operating results for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected in future operating quarters. See Item 1A. Risk Factors, in our 2015 Form 10-K, for additional information regarding risk factors that may impact our results. Note 2 to the consolidated financial statements in our 2015 Form 10-K describes the significant accounting policies and estimates used in preparation of the consolidated financial statements. There have been no changes to our significant accounting policies or estimates during the three months ended March 31, 2016.
Use of Estimates	Use of Estimates Preparation of the consolidated financial statements in conformity with U.S. 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the allowance for doubtful accounts, valuation allowance on deferred tax assets, valuation of the reporting unit, intangible assets and other long-lived assets, share based compensation, reserves for general liability, and workers’ compensation and medical insurance. Management believes the accounting estimates are appropriate and reasonably determined; however, due to the inherent uncertainties in making these estimates, actual amounts could differ from such estimates.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred. Advertising expense was approximately $0.7 million and $0.4 million for the three months ended March 31, 2016 and 2015, respectively, and is included in selling expense on the Condensed Consolidated Statements of Operations.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” Under this ASU, we will present debt issuance costs in the balance sheet as a reduction from the related debt liability rather than as an asset. Amortization of such costs will continue to be reported as interest expense. During the quarter ended March 31, 2016, we retrospectively adopted ASU 2015-03, which resulted in a reclassification of $0.5 million of debt issuance costs related to our long-term debt from other non-current assets to long-term debt. In April 2015, the FASB issued ASU 2015-05, “Intangibles–Goodwill and Other–Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement.” This update provides criteria for customers in a cloud computing arrangement to determine whether the arrangement includes a license of software. We adopted this guidance effective January 1, 2016 and have determined this ASU did not have a material impact on our consolidated financial statements. In August 2015, the FASB issued ASU 2015-15, “Imputation of Interest (Subtopic 835-30).” This ASU amends ASU 2015-03 regarding the presentation and subsequent measurement of debt issuance costs related to line of credit arrangements. Specifically, it provides guidance for deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line of credit arrangement, regardless of whether there are any outstanding borrowings on the line of credit arrangement. We adopted this guidance effective January 1, 2016 and have determined this ASU did not have a material impact on our condensed consolidated financial statements. After applying the new guidance, deferred debt issuance costs were $1.5 million and $0.6 million as of March 31, 2016 and December 31, 2015, respectively. In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805).” This ASU requires an acquirer to retrospectively adjust provisional amounts recognized in a business combination during the measurement period. To simplify the accounting for adjustments made to provisional amounts, the amendments in this update require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. In addition, an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. For public business entities, this update is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. While previous adjustments to provisional amounts did not have a material impact on our financial statements, it is possible that future adjustments made during measurement periods to recently acquired entities or entities acquired in the future could have a material impact on our financial statements. In March 2016, the FASB issued ASU No. 2016-09, “Compensation-Stock Compensation (Topic 718).” This update amends the accounting for forfeitures, employer tax withholding on share-based compensation and the financial statement presentation of excess tax benefits or deficiencies. This ASU also clarifies the statement of cash flows presentation for certain components of share-based awards. As early adoption is permitted, we adopted this standard effective January 1, 2016 and have concluded that it will not have a material impact on our condensed consolidated financial statements. Under ASU 2016-09, we classify the excess income tax benefits from stock-based compensation arrangements as a discrete item within income tax expense, rather than recognizing such excess income tax benefits in additional paid-in capital. Excess income tax benefits from stock-based compensation arrangements are classified as an operating activity rather than as a financing activity. In addition, when we withhold shares from an employee’s vesting of restricted stock to fund payment by us of the employee’s taxes, the payment is classified as a financing activity. We have elected to continue to estimate the forfeitures expected to occur to determine the amount of compensation cost to be recognized in each period.
Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Issued Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 sets forth a new revenue recognition model that requires identifying the contract(s) with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations and recognizing the revenue upon satisfaction of performance obligations. In July 2015, the FASB voted to defer the application of the provisions of this standard for public companies until annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. We are still evaluating whether this ASU will have a material impact on our consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, “Inventory (Topic 330).” This update requires an entity to measure inventory within the scope of the update at the lower of cost and net realizable value. For public business entities, this update is effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. We are still evaluating whether this ASU will have a material impact on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” This update amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. For public business entities, this update is effective for annual reporting periods beginning after December 15, 2018, including interim periods within those fiscal years, and early adoption is permitted as of the standard’s issuance date. We are still evaluating whether this ASU will have a material impact on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-06, “Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments.” This ASU clarifies the requirement for assessing whether contingent call (put) options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt hosts. An entity performing the assessment under this amendment is required to assess the embedded call (put) options solely in accordance with the four-step decision sequence. Consequently, when a call (put) option is contingently exercisable, an entity does not have to assess whether the event that triggers the ability to exercise a call (put) option is related to interest rates or credit risks. For public business entities, this update is effective for financial statements issued for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years. We are still evaluating whether this ASU will have a material impact on our consolidated financial statements. In April 2016, the FASB issued ASU No. 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing,” which provides supplemental adoption guidance and clarification to ASU 2014-09. ASU 2016-10 must be adopted concurrently with the adoption of ASU 2014-09. We are still evaluating whether the future adoption of these pronouncements will have a material impact on our condensed consolidated financial statements.

Organization (Tables)

Organization (Tables)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Percentage of Net Revenue by End Market	The following table sets forth the percentage of our net revenue by end market for the three months ended March 31, 2016 and 2015: Residential new construction and repair and remodel 89 % Commercial new construction and repair and remodel 11 100 %

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Change in Carrying Amount of Goodwill	The change in carrying amount of goodwill was as follows (in thousands): Goodwill Accumulated Goodwill January 1, 2016 $ 160,516 $ (70,004 ) $ 90,512 Business Combinations 3,203 — 3,203 March 31, 2016 $ 163,719 $ (70,004 ) $ 93,715
Schedule of Gross Carrying Amount and Accumulated Amortization	The following table provides the gross carrying amount and accumulated amortization for each major class of intangibles (in thousands): As of March 31, 2016 As of December 31, 2015 Gross Net Gross Net Carrying Accumulated Book Carrying Accumulated Book Amount Amortization Value Amount Amortization Value Amortized intangibles: Customer relationships $ 65,465 $ 21,873 $ 43,592 $ 62,399 $ 20,231 $ 42,168 Covenants not-to-compete 6,163 1,166 4,997 5,729 847 4,882 Trademarks and tradenames 29,856 8,670 21,186 28,320 8,152 20,168 $ 101,484 $ 31,709 $ 69,775 $ 96,448 $ 29,230 $ 67,218
Schedule of Estimated Aggregate Annual Amortization	Remaining estimated aggregate annual amortization expense is as follows (amounts, in thousands, are for the fiscal year ended): Remainder of 2016 $ 7,351 2017 9,206 2018 8,964 2019 8,559 2020 7,967 Thereafter 27,728

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Maturities of Long-term Debt	Debt consists of the following (in thousands): As of March 31, As of December 31, 2016 2015 Term loan under April 2015 Credit Agreement, net of unamortized debt discount of $249 $ — $ 47,876 Term loan under February 2016 Credit Agreement, net of unamortized debt discount of $530 99,470 — Delayed draw term loan under April 2015 Credit Agreement, net of unamortized debt discount of $261 — 49,739 Vehicle and equipment notes 24,950 21,091 Various notes payable, maturing through March 2025; payable in various monthly installments, including interest rates ranging from 0.0% to 10.0% 4,694 4,529 129,114 123,235 Less: current maturities (10,905 ) (10,021 ) Long-term debt, less current maturities $ 118,209 $ 113,214

Employee Benefits (Tables)

Employee Benefits (Tables)	3 Months Ended
	Mar. 31, 2016
Postemployment Benefits [Abstract]
Summary of Workers' Compensation Known Claims and IBNR Reserves	Workers’ compensation known claims and IBNR reserves included on the Condensed Consolidated Balance Sheets were as follows (in thousands): March 31, December 31, 2016 2015 Included in other current liabilities $ 3,075 $ 3,263 Included in other long-term liabilities 7,868 7,132 $ 10,943 $ 10,395
Schedule of Insurance Receivable for Claims	That receivable offsets an equal liability included within the reserve amounts noted above and was as follows (in thousands): March 31, December 31, 2016 2015 Included in other non-current assets $ 1,545 $ 1,542
Summary of Nonvested Restricted Stock Awards and Changes During Period	Nonvested restricted stock as of December 31, 2015 and changes during the three months ended March 31, 2016 were as follows: Restricted Weighted Nonvested restricted stock at December 31, 2015 129,053 $ 21.52 Granted — — Vested (109,473 ) 21.48 Forfeited (459 ) 21.79 Nonvested restricted stock at March 31, 2016 19,121 $ 21.79

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	For the three months ended March 31, 2016 and 2015, the amount of sales to common or related parties as well as the purchases from and rent expense paid to common or related parties were as follows (in thousands): Three months ended March 31, 2016 2015 Sales $ 1,527 $ 1,166 Purchases 103 116 Rent 155 148

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Accrued General Insurance Reserves	Accrued general insurance reserves included on the Condensed Consolidated Balance Sheets were as follows (in thousands): March 31, December 31, 2016 2015 Included in other current liabilities $ 1,282 $ 1,304 Included in other long-term liabilities 7,504 6,879 $ 8,786 $ 8,183
Schedule of Insurance Receivable for Claims	We also had insurance receivables included on the Condensed Consolidated Balance Sheets that, in aggregate, offset an equal liability included within the reserve amounts noted above. The amounts were as follows (in thousands): March 31, December 31, 2016 2015 Insurance receivable and indemnification asset for claims under a fully insured policy $ 2,815 $ 2,815 Insurance receivable for claims that exceeded the stop loss limit 907 821 Total insurance receivables included in other non-current assets $ 3,722 $ 3,636
Future Minimum Lease Payments Under Noncancellable Operating Leases	Future minimum lease payments under noncancellable operating leases (with initial or remaining lease terms in excess of one year) with related parties as of March 31, 2016 are as follows (amounts, in thousands, are as of the fiscal year ended): Remainder of 2016 $ 440 2017 366 2018 155 2019 — 2020 — Thereafter —

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed	The estimated fair values of the assets acquired and liabilities assumed for the acquisitions, as well as total purchase prices and cash paid, approximated the following as of March 31 and as may be adjusted during the valuation period since acquisition (in thousands): 2016 2015 Estimated fair values: Cash $ — $ 661 Accounts receivable 1,616 4,735 Inventories 311 980 Other current assets 8 368 Property and equipment 744 1,006 Intangibles 5,036 21,280 Goodwill 3,190 16,213 Other non-current assets — 3,736 Accounts payable and other current liabilities (1,238 ) (3,303 ) Deferred income tax liabilities — (5,495 ) Long-term debt — — Other long-term liabilities — (3,736 ) Fair value of assets acquired and total purchase price 9,667 36,445 Less seller obligations 870 5,765 Cash paid $ 8,797 $ 30,680
Estimates of Acquired Intangible Assets	Estimates of acquired intangible assets related to the acquisitions are as follows (dollars in thousands): As of the three months ended March 31, 2016 2015 Acquired intangibles assets Estimated Weighted Estimated Weighted Customer relationships $ 3,067 8 $ 14,400 8 Trademarks and trade names 1,535 15 6,200 15 Non-competition agreements 434 5 680 5
Pro Forma Results of Operations	The unaudited pro forma information for the combined results of the Company has been prepared as if the 2016 acquisitions had taken place on January 1, 2015 and the 2015 acquisition had taken place on January 1, 2014. The unaudited pro forma information is not necessarily indicative of the results that we would have achieved had the transactions actually taken place on January 1, 2015 and 2014, and the unaudited pro forma information does not purport to be indicative of future financial operating results. See Note 12, Business Combinations, to our audited financial statements in Item 8 of Part II of our 2015 Form 10-K for additional information on 2015 acquisitions included in the table below. Pro forma for the three months ended March 31, 2016 2015 Net revenue $ 193,125 $ 156,466 Net income attributable to common stockholders $ 5,775 $ 1,508 Basic and diluted net income per share attributable to common stockholders $ 0.18 $ 0.05

Income Per Common Share (Tables

Income Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Summary of Diluted Income Per Share	Diluted income per share was as follows (in thousands, except share and per share data): For the three months ended 2016 2015 Net income attributable to common stockholders - basic and diluted $ 5,813 $ 1,242 Weighted average number of common shares outstanding 31,242,237 31,493,587 Dilutive effect of outstanding restricted stock awards after application of the Treasury Stock Method 88,734 1,261 Diluted shares outstanding 31,330,971 31,494,848 Basic and diluted income per share attributable to common stockholders $ 0.19 $ 0.04

Organization - Additional Infor

Organization - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016LocationSegment
Basis Of Presentation And Organization [Line Items]
Number of operating segment | Segment	1
UNITED STATES
Basis Of Presentation And Organization [Line Items]
Number of locations the company operates | Location	100

Organization - Summary of Perce

Organization - Summary of Percentage of Net Revenue by End Market (Detail) - Customer Concentration Risk [Member] - Revenue [Member]	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Product Information [Line Items]
Net revenues percentage	100.00%	100.00%
Residential New Construction and Repair and Remodel [Member]
Product Information [Line Items]
Net revenues percentage	89.00%	89.00%
Commercial New Construction and Repair and Remodel [Member]
Product Information [Line Items]
Net revenues percentage	11.00%	11.00%

Significant Accounting Polici32

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Accounting Policies and General Information [Line Items]
Advertising expenses	$ 0.7	$ 0.4
ASU 2015-03 [Member]
Accounting Policies and General Information [Line Items]
Debt issuance costs	0.5
Deferred debt issuance costs	$ 1.5		$ 0.6

Goodwill and Intangibles - Summ

Goodwill and Intangibles - Summary of Change in Carrying Amount of Goodwill (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill (Gross), beginning balance	$ 160,516
Business Combinations	3,203
Goodwill (Gross), ending balance	163,719
Accumulated Impairment Losses, beginning balance	(70,004)
Business Combinations	(3,203)
Accumulated Impairment Losses, ending balance	(70,004)
Goodwill (Net), beginning balance	90,512
Business Combinations	3,203
Goodwill (Net), ending balance	$ 93,715

Goodwill and Intangibles - Addi

Goodwill and Intangibles - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment	$ 0	$ 0
Increase in gross carrying amount of intangibles	$ 5,000,000

Goodwill and Intangibles - Sche

Goodwill and Intangibles - Schedule of Gross Carrying Amount, Accumulated Amortization and Net Book Value (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 101,484	$ 96,448
Accumulated Amortization	31,709	29,230
Net Book Value	69,775	67,218
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	65,465	62,399
Accumulated Amortization	21,873	20,231
Net Book Value	43,592	42,168
Covenants Not-to-compete [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	6,163	5,729
Accumulated Amortization	1,166	847
Net Book Value	4,997	4,882
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	29,856	28,320
Accumulated Amortization	8,670	8,152
Net Book Value	$ 21,186	$ 20,168

Goodwill and Intangibles - Sc36

Goodwill and Intangibles - Schedule of Estimated Aggregate Annual Amortization (Detail) $ in Thousands	Mar. 31, 2016USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense Rolling Maturity Abstract
Remainder of 2016	$ 7,351
2,017	9,206
2,018	8,964
2,019	8,559
2,020	7,967
Thereafter	$ 27,728

Long-term Debt - Schedule of Ma

Long-term Debt - Schedule of Maturities of Long-term Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Vehicle and equipment notes	$ 24,950	$ 21,091
Various notes payable, maturing through March 2025; payable in various monthly installments, including interest rates ranging from 0.0% to 10.0%	4,694	4,529
Total long term debt	129,114	123,235
Total long term debt	129,114	123,235
Less: current maturities	(10,905)	(10,021)
Long-term debt, less current maturities	118,209	113,214
April 2015 Credit Agreement [Member]
Debt Instrument [Line Items]
Term loan		47,876
February 2016 Credit Agreement [Member]
Debt Instrument [Line Items]
Term loan	$ 99,470
Delayed Draw [Member] | April 2015 Credit Agreement [Member]
Debt Instrument [Line Items]
Delayed draw term loan under April 2015 Credit Agreement, net of unamortized debt discount of $261		$ 49,739

Long-term Debt - Schedule of 38

Long-term Debt - Schedule of Maturities of Long-term Debt (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Notes payable Interest rate, minimum	0.00%
Notes payable Interest rate, maximum	10.00%
Notes payable maturity date	March 2,025
April 2015 Credit Agreement [Member]
Debt Instrument [Line Items]
Net unamortized debt discount		$ 249
February 2016 Credit Agreement [Member]
Debt Instrument [Line Items]
Net unamortized debt discount	$ 530
Delayed Draw [Member] | April 2015 Credit Agreement [Member]
Debt Instrument [Line Items]
Net unamortized debt discount		$ 261

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail) - USD ($)	Feb. 29, 2016	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Debt Instrument [Line Items]
Assets relating to master loan agreements, Gross		$ 65,000,000	$ 64,900,000
Assets relating to master loan agreements, Accumulated depreciation		44,200,000	42,800,000
Capital leased assets, net book value		$ 20,800,000	$ 22,100,000
Master Loan Agreements [Member]
Debt Instrument [Line Items]
Payment Period, typical		60 months
Assets relating to master loan agreements, Gross		$ 30,700,000		$ 7,900,000
Assets relating to master loan agreements, Accumulated depreciation		4,500,000		400,000
Capital leased assets, net book value		26,200,000		$ 7,500,000
Credit and Security Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 325,000,000
Issuance of letters of credit		$ 12,300,000
Principal amount of term loans or additional revolving credit commitments	$ 75,000,000
Percentage of capital stock or other equity interest pledged per credit agreement	100.00%
Credit facility, covenant terms		The February 2016 Credit Agreement contains covenants (as defined in the February 2016 Credit Agreement) that require us, commencing with the quarter ending June 30, 2016, to (1) maintain a fixed charge coverage ratio of not less than 1.10 to 1.0 and (2) maintain a leverage ratio of no greater than (a) 3.50 to 1.00 through December 30, 2016; (b) 3.25 to 1.00 on December 31, 2016 through June 29, 2017; (c) 3.00 to 1.00 on June 30, 2017 through December 30, 2017; (d) 2.75 to 1.00 on December 31, 2017 through June 29, 2018; and (e) 2.50 to 1.00 on June 30, 2018 and thereafter.
Credit facility, interest rate description		The February 2016 Credit Agreement also contains various restrictive non-financial covenants and a provision that, upon an event of default (as defined by the February 2016 Credit Agreement), amounts outstanding under the February 2016 Credit Agreement would bear interest at the rate as determined above plus 2.0% per annum.
Contingent interest rate increase	2.00%
Credit and Security Agreement [Member] | Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Credit facility term	5 years
Credit and Security Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity	$ 100,000,000
Issuance of letters of credit	$ 20,000,000
Line of credit outstanding		$ 0
Credit and Security Agreement [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Commitment fee	0.30%
Credit and Security Agreement [Member] | Revolving Credit Facility [Member] | February 29, 2016 Through August 31, 2016 [Member]
Debt Instrument [Line Items]
Commitment fee	0.225%
Credit and Security Agreement [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Commitment fee	0.20%
Credit and Security Agreement [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 100,000,000
Credit facility, amortization description		The Term Loan amortizes in quarterly principal payments of $1.3 million starting on June 30, 2016, with the quarterly payment amount increasing to $2.5 million through December 31, 2020. Draws under the Delayed Draw Term Loan Facility convert to an amortizing term loan (the “DDTL Term Loan”) on the earlier of (1) the date the Delayed Draw Term Loan Facility is fully drawn and (2) February 28, 2017, when it will begin to amortize in quarterly principal payments equal (on a percentage basis) to the then-current amortization rate on the Term Loan. Draws under the Delayed Draw Term Loan Facility may be used only for acquisitions or major capital expenditures. In addition to scheduled amortization payments, if our leverage ratio for any fiscal year is greater than or equal to 3.00 to 1.00, we would be required to make additional payments on the Term Loan and DDTL Term Loan for such fiscal year in an amount of not less than 50% of our excess cash flow (as defined in the February 2016 Credit Agreement) for such fiscal year within 10 days of our delivery of the financial reports required under the February 2016 Credit Agreement. Any remaining unpaid balances of the Term Loan and the DDTL Term Loan Facility are due on February 28, 2021 (the “Maturity Date”).
Credit and Security Agreement [Member] | Term Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Margin interest rate percentage		2.19%	1.95%
Interest rate terms		1-month LIBOR
Credit and Security Agreement [Member] | Delayed Draw Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 125,000,000
Line of credit outstanding		$ 0
Maturity date	Feb. 28, 2017
Ticking fee	0.375%
Credit and Security Agreement [Member] | Delayed Draw Term Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Margin interest rate percentage			1.95%
Interest rate terms		1-month LIBOR
Credit and Security Agreement [Member] | Swing Lines Loan [Member]
Debt Instrument [Line Items]
Issuance of letters of credit	$ 5,000,000
Credit and Security Agreement [Member] | Term Loan And Delayed Draw Term Loan [Member]
Debt Instrument [Line Items]
Minimum prepayment percentage of excess cash flow	50.00%
Maturity date	Feb. 28, 2021
Excess cash flow payment period	10 days
Credit and Security Agreement [Member] | Term Loan And Delayed Draw Term Loan [Member] | Payable Starting on June 30, 2016 [Member]
Debt Instrument [Line Items]
Quarterly principal payment of term loan	$ 1,300,000
Credit and Security Agreement [Member] | Term Loan And Delayed Draw Term Loan [Member] | Payable Through December 31, 2020 [Member]
Debt Instrument [Line Items]
Quarterly principal payment of term loan	$ 2,500,000
Credit and Security Agreement [Member] | Term Loan And Delayed Draw Term Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Amortization payments, leverage ratio	3.00%
Credit and Security Agreement [Member] | Through December 30, 2016 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Leverage Ratio, covenants requirements	350.00%
Credit and Security Agreement [Member] | December 31, 2016 Through June 29, 2017 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Leverage Ratio, covenants requirements	325.00%
Credit and Security Agreement [Member] | June 30, 2017 Through December 30, 2017 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Leverage Ratio, covenants requirements	300.00%
Credit and Security Agreement [Member] | December 31, 2017 Through June 29, 2018 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Leverage Ratio, covenants requirements	275.00%
Credit and Security Agreement [Member] | June 30, 2018 and Thereafter [Member] | Maximum [Member]
Debt Instrument [Line Items]
Leverage Ratio, covenants requirements	250.00%
Credit and Security Agreement [Member] | Through the First Quarter Ending June 30, 2016 [Member] | Minimum [Member]
Debt Instrument [Line Items]
Fixed coverage ratio, covenants requirements	110.00%

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Equity [Abstract]
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	31,982,888	31,982,888
Common stock, shares outstanding	31,333,961	31,366,328
Common stock, par value	$ 0.01	$ 0.01
Treasury stock, shares	648,927	616,560

Employee Benefits - Additional

Employee Benefits - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)shares	Mar. 31, 2015USD ($)Installmentshares	Dec. 31, 2015USD ($)
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Healthcare benefit expense, net of employee contributions	$ 4,300	$ 2,700
Accrued compensation	16,747		$ 14,488
Workers compensation expense	$ 3,000	$ 2,100
2014 Omnibus Incentive Plan [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Number of shares surrendered to satisfy tax withholding obligations | shares	32,000
Share based compensation expenses	$ 500
Share based compensation, recognized tax benefits	$ 200
Common stock shares available for issuance | shares	2,800,000
Restricted Stock [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Restricted stock granted, shares | shares	0
Unrecognized compensation expense	$ 400
Restricted nonvested shares, compensation cost not yet recognized, period for recognition	2 years
Restricted Stock [Member] | Directors [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Restricted stock granted, shares | shares	0	0
Restricted Stock [Member] | 2014 Omnibus Incentive Plan [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Restricted stock granted, shares | shares		100,000
Number of equal installments for vesting restricted stock | Installment		3
Restricted stock vested percentage		100.00%
Medical IBNR Included in Accrued Compensation [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Accrued compensation	$ 1,800		$ 1,500

Employee Benefits - Summary of

Employee Benefits - Summary of Workers' Compensation Known Claims and IBNR Reserves (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Employee-related Liabilities [Abstract]
Included in other current liabilities	$ 3,075	$ 3,263
Included in other long-term liabilities	7,868	7,132
Workers' Compensation Liability	$ 10,943	$ 10,395

Employee Benefits - Schedule of

Employee Benefits - Schedule of Insurance Receivable for Claims (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Malpractice Insurance [Line Items]
Included in other non-current assets	$ 3,722	$ 3,636
Workers Compensation [Member]
Malpractice Insurance [Line Items]
Included in other non-current assets	$ 1,545	$ 1,542

Employee Benefits - Summary o44

Employee Benefits - Summary of Nonvested Restricted Stock Awards and Changes During Period (Detail) - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested restricted stock, Beginning balance | shares	129,053
Granted | shares	0
Vested | shares	(109,473)
Forfeited | shares	(459)
Nonvested restricted stock, Ending balance | shares	19,121
Nonvested restricted stock, Beginning balance | $ / shares	$ 21.52
Granted | $ / shares	0
Vested | $ / shares	21.48
Forfeited | $ / shares	21.79
Nonvested restricted stock, Ending balance | $ / shares	$ 21.79

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016USD ($)
Income Taxes [Line Items]
Effective tax rate from continuing operations	34.90%
Income tax benefit	$ 0
ASU 2016-09 [Member]
Income Taxes [Line Items]
Excess income tax benefits recognized from stock-based compensation	$ 200,000

Related Party Transactions - Sc

Related Party Transactions - Schedule of Related Party Transactions (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Related Party Transactions [Abstract]
Sales	$ 1,527	$ 1,166
Purchases	103	116
Rent	$ 155	$ 148

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	Mar. 13, 2015	Mar. 31, 2015	Mar. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Related parties receivable			$ 1,000	$ 1,800
Share repurchase, amount		$ 6,100
M/I Homes Inc [Member]
Related Party Transaction [Line Items]
Accounts receivable, related parties			$ 500	$ 1,000
IBS [Member]
Related Party Transaction [Line Items]
Common Stock Repurchase, Shares	0.3
Share repurchase, amount	$ 6,100
Share repurchase, price per share	$ 19.23
Discount from last reported price of our common stock	7.50%
Share repurchase transaction cost	$ 43

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Accrued General Insurance Reserves (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts Payable and Accrued Liabilities [Abstract]
Included in other current liabilities	$ 1,282	$ 1,304
Included in other long-term liabilities	7,504	6,879
Total	$ 8,786	$ 8,183

Commitments and Contingencies49

Commitments and Contingencies - Schedule of Insurance Receivable for Claims (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Insurance receivable and indemnification asset for claims under a fully insured policy	$ 2,815	$ 2,815
Insurance receivable for claims that exceeded the stop loss limit	907	821
Total insurance receivables included in other non-current assets	$ 3,722	$ 3,636

Commitments and Contingencies50

Commitments and Contingencies - Additional Information (Detail) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)Contracts	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Commitments And Contingencies Disclosure [Line Items]
Capital lease assets	$ 65		$ 64.9
Assets fully depreciated	19.5		19.1
Capital leased assets, net book value	20.8		22.1
Accumulated depreciation	44.2		$ 42.8
Actual purchases made under contract	$ 14.2	$ 11.8
Contract One [Member]
Commitments And Contingencies Disclosure [Line Items]
Extended term of contract	Dec. 31, 2016
Contract Two [Member]
Commitments And Contingencies Disclosure [Line Items]
Extended term of contract	Aug. 31, 2017
Number of product supply contracts | Contracts	2
Minimum [Member]
Commitments And Contingencies Disclosure [Line Items]
Estimated life of capital lease	4 years
Noncancellable operating leases, renewal period	1 year
Maximum [Member]
Commitments And Contingencies Disclosure [Line Items]
Estimated life of capital lease	6 years
Noncancellable operating leases, renewal period	5 years

Commitments and Contingencies51

Commitments and Contingencies - Future Minimum Lease Payments Under Noncancellable Operating Leases (Detail) $ in Thousands	Mar. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2016	$ 440
2,017	366
2,018	155
2,019	0
2,020	0
Thereafter	$ 0

Business Combinations - Additio

Business Combinations - Additional Information (Detail) $ in Thousands	Feb. 29, 2016USD ($)	Feb. 02, 2016USD ($)	Jan. 25, 2016USD ($)	Mar. 12, 2015USD ($)	Mar. 31, 2016USD ($)Business	Mar. 31, 2015USD ($)Business
Business Acquisition [Line Items]
Business combinations | Business					3	1
Goodwill acquired expected to be deductible for tax purposes					$ 3,600
Purchase price paid in cash					8,797	$ 30,019
Seller obligations in connection with acquisition of businesses					1,052	5,486
Revenue					191,698	129,948
Net income (loss)					5,813	1,242
Amortization expense of intangible assets					2,479	789
Income tax expense (benefit)					3,108	1,023
Key Insulation [Member]
Business Acquisition [Line Items]
Purchase price paid in cash			$ 5,000
Seller obligations in connection with acquisition of businesses			$ 700
Revenue					2,100
Net income (loss)					28
Marshall Insulation LLC [Member]
Business Acquisition [Line Items]
Purchase price paid in cash		$ 900
Seller obligations in connection with acquisition of businesses		$ 100
Revenue					600
Net income (loss)					86
Kern Door Company [Member]
Business Acquisition [Line Items]
Purchase price paid in cash	$ 2,900
Seller obligations in connection with acquisition of businesses	$ 100
Revenue					300
Net income (loss)					13
BDI Insulation [Member]
Business Acquisition [Line Items]
Purchase price paid in cash				$ 30,700
Seller obligations in connection with acquisition of businesses				$ 5,800
Revenue						2,100
Net income (loss)						74
Ownership percentage acquired				100.00%
Increase in goodwill					13
Insurance receivable for claims under a fully insured policy						2,000
Indemnification asset associated with the acquisition						1,700
Combined Business Acquisitions [Member]
Business Acquisition [Line Items]
Seller obligations in connection with acquisition of businesses					870	5,765
Amortization expense of intangible assets					66	1,700
Income tax expense (benefit)					$ (20)	200
Transaction costs						$ 1,000

Business Combinations - Summary

Business Combinations - Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Business Acquisition [Line Items]
Goodwill	$ 93,715		$ 90,512
Less seller obligations	1,052	$ 5,486
Combined Business Acquisitions [Member]
Business Acquisition [Line Items]
Cash		661
Accounts receivable	1,616	4,735
Inventories	311	980
Other current assets	8	368
Property and equipment	744	1,006
Intangibles	5,036	21,280
Goodwill	3,190	16,213
Other non-current assets		3,736
Accounts payable and other current liabilities	(1,238)	(3,303)
Deferred income tax liabilities		(5,495)
Long-term debt	0	0
Other long-term liabilities		(3,736)
Fair value of assets acquired and total purchase price	9,667	36,445
Fair value of assets acquired and total purchase price	9,667	36,445
Less seller obligations	870	5,765
Cash paid	$ 8,797	$ 30,680

Business Combinations - Estimat

Business Combinations - Estimates of Acquired Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value	$ 3,067	$ 14,400
Weighted Average Estimated Useful Life (yrs)	8 years	8 years
Trademarks and Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value	$ 1,535	$ 6,200
Weighted Average Estimated Useful Life (yrs)	15 years	15 years
Covenants Not-to-compete [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value	$ 434	$ 680
Weighted Average Estimated Useful Life (yrs)	5 years	5 years

Business Combinations - Pro For

Business Combinations - Pro Forma Results of Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Business Combination Increase Decrease To Reflect Liabilities Acquired At Fair Value [Abstract]
Net revenue	$ 193,125	$ 156,466
Net income attributable to common stockholders	$ 5,775	$ 1,508
Basic and diluted net income per share attributable to common stockholders	$ 0.18	$ 0.05

Income Per Common Share - Summa

Income Per Common Share - Summary of Diluted Income Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net income attributable to common stockholders - basic and diluted	$ 5,813	$ 1,242
Weighted average number of common shares outstanding	31,242,237	31,493,587
Dilutive effect of outstanding restricted stock awards after application of the Treasury Stock Method	88,734	1,261
Diluted shares outstanding	31,330,971	31,494,848
Basic and diluted income per share attributable to common stockholders	$ 0.19	$ 0.04

Income Per Common Share - Addit

Income Per Common Share - Additional Information (Detail) shares in Thousands	3 Months Ended
	Mar. 31, 2015shares
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of income	29

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($)	Apr. 27, 2016	Apr. 11, 2016	Mar. 31, 2016
Master Loan Agreements [Member]
Subsequent Event [Line Items]
Payment period			60 months
Balance outstanding			$ 0
Subsequent Event [Member] | Master Loan Agreements [Member]
Subsequent Event [Line Items]
Aggregate commitment amount on credit agreement	$ 7,000,000
Payment period	60 months
Subsequent Event [Member] | Alpine [Member]
Subsequent Event [Line Items]
Consideration transferred for acquisition		$ 22,500,000