JELD-WEN Holding (JELD) 10-K 23 Feb 21 2020 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Feb. 19, 2021	Jun. 26, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-38000
Entity Registrant Name	JELD-WEN Holding, Inc.
Entity Incorporation, State	DE
Entity Tax Identification Number	93-1273278
Entity Address, Street Name	2645 Silver Crescent Drive
Entity Address, City	Charlotte
Entity Address, State	NC
Entity Address, Postal Zip Code	28273
City Area Code	704
Local Phone Number	378-5700
Title of each class	Common Stock (par value $0.01 per share)
Trading Symbol	JELD
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 986.3
Entity Common Stock, Shares Outstanding		100,835,851
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCEPart III of this Form 10-K incorporates by reference certain information from the registrant's Definitive Proxy Statement for its 2021 Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission within 120 days after December 31, 2020.
Entity Central Index Key	0001674335
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Net revenues	$ 4,235,677	$ 4,289,761	$ 4,346,847
Cost of sales	3,333,770	3,417,222	3,428,311
Gross margin	901,907	872,539	918,536
Selling, general and administrative	702,715	660,574	734,166
Impairment and restructuring charges	10,469	21,551	17,328
Operating income	188,723	190,414	167,042
Interest expense, net	74,800	71,778	70,818
Other income	(2,752)	(1,409)	(34,887)
Income before taxes	116,675	120,045	131,111
Income tax expense (benefit)	25,089	57,074	(10,058)
Income from continuing operations, net of tax	91,586	62,971	141,169
Equity earnings of non-consolidated entities	0	0	738
Net income	$ 91,586	$ 62,971	$ 141,907
Weighted average common shares outstanding:
Basic (in shares)	100,633,392	100,618,105	104,530,572
Diluted (in shares)	101,681,981	101,464,325	106,360,657
Net income per share
Basic (usd per share)	$ 0.91	$ 0.63	$ 1.36
Diluted (usd per share)	$ 0.90	$ 0.62	$ 1.33

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 91,586	$ 62,971	$ 141,907
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax benefit $0, $0, ($1,892)	105,442	(15,335)	(65,185)
Interest rate hedge adjustments, net of tax benefit of ($468), ($4,831), and ($538), respectively	(1,384)	6,173	2,636
Defined benefit pension plans, net of tax (benefit) expense of ($3,800), $1,152, and $4,214, respectively	(11,476)	2,692	12,237
Total other comprehensive income (loss), net of tax	92,582	(6,470)	(50,312)
Comprehensive income	$ 184,168	$ 56,501	$ 91,595

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax (benefit)	$ 0	$ 0	$ (1,892)
Interest rate hedge adjustments, tax (benefit)	(468)	(4,831)	(538)
Defined benefit plan, after reclassification adjustment, tax (benefit)	$ (3,800)	$ 1,152	$ 4,214

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 735,820	$ 225,962
Restricted cash	774	3,914
Accounts receivable, net	477,472	469,762
Inventories	512,228	505,078
Other current assets	34,359	38,562
Total current assets	1,760,653	1,243,278
Property and equipment, net	872,585	864,375
Deferred tax assets	199,194	183,837
Goodwill	639,867	602,500
Intangible assets, net	246,055	250,327
Operating lease assets, net	214,727	202,053
Other assets	31,604	34,962
Total assets	3,964,685	3,381,332
Current liabilities
Accounts payable	269,891	294,951
Accrued payroll and benefits	151,742	109,386
Accrued expenses and other current liabilities	379,289	298,603
Current maturities of long-term debt	66,702	65,846
Total current liabilities	867,624	768,786
Long-term debt	1,701,340	1,451,526
Unfunded pension liability	115,077	107,937
Operating lease liability	177,491	164,026
Deferred credits and other liabilities	91,368	67,682
Deferred tax liabilities	7,321	9,288
Total liabilities	2,960,221	2,569,245
Commitments and contingencies
Shareholders’ equity
Preferred Stock, par value $0.01 per share, 90,000,000 shares authorized; no shares issued and outstanding	0	0
Common Stock: 900,000,000 shares authorized, par value $0.01 per share, 100,806,068 shares outstanding as of December 31, 2020; 900,000,000 shares authorized, par value $0.01 per share, 100,668,003 shares outstanding as of December 31, 2019	1,008	1,007
Additional paid-in capital	690,687	671,772
Retained earnings	371,462	290,583
Accumulated other comprehensive loss	(58,693)	(151,275)
Total shareholders’ equity	1,004,464	812,087
Total liabilities and shareholders’ equity	$ 3,964,685	$ 3,381,332

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	90,000,000	90,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	900,000,000	900,000,000
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)	100,806,068	100,668,003

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Preferred stock	Common stock	Additional paid-in capital	Other Additional paid in capital	Other Additional paid in capitalEmployee stock notes	Retained earnings	Accumulated other comprehensive income (loss)	Foreign currency adjustments	Unrealized (loss) gain on interest rate hedges	Net actuarial pension (loss) gain	Cumulative Effect, Period of Adoption, AdjustmentRetained earnings
Balance at beginning of period (in shares) at Dec. 31, 2017		0	105,990,483
Balance at beginning of period at Dec. 31, 2017		$ 0	$ 1,060		$ 653,327	$ (661)	$ 229,903	$ (94,493)
Increase (Decrease) in Stockholders' Equity
Shares issued for exercise/vesting of share-based compensation awards (in shares)			907,068
Shares issued for exercise/vesting of share-based compensation awards			$ 9		192
Shares repurchased (in shares)			(5,287,964)
Shares repurchased			$ (53)				(124,977)
Shares surrendered for tax obligations for employee share-based transactions (in shares)			(298,725)
Shares surrendered for tax obligations for employee share-based transactions			$ (3)		(8,887)
Amortization of share-based compensation					14,609
Net issuances, payments and accrued interest on notes						13
Net income	$ 141,907						141,907
Foreign currency adjustments	(65,185)								$ (65,185)
Unrealized (loss) gain on interest rate hedges	2,636									$ 2,636
Net actuarial pension (loss) gain	12,237										$ 12,237
Balance at end of period at Dec. 31, 2018	$ 761,634	$ 0	$ 1,013	$ 658,593	659,241	(648)	246,833	(144,805)
Balance at period end (in shares) at Dec. 31, 2018		0	101,310,862
Increase (Decrease) in Stockholders' Equity
Accounting Standards Update [Extensible List] | ASU 2016-02	us-gaap:AccountingStandardsUpdate201602Member
Shares issued for exercise/vesting of share-based compensation awards (in shares)			645,957
Shares issued for exercise/vesting of share-based compensation awards			$ 7		1,970
Shares repurchased (in shares)			(1,192,419)
Shares repurchased			$ (12)				(19,982)
Shares surrendered for tax obligations for employee share-based transactions (in shares)			(96,397)
Shares surrendered for tax obligations for employee share-based transactions			$ (1)		(1,956)
Amortization of share-based compensation					13,190
Net issuances, payments and accrued interest on notes						(25)
Net income	$ 62,971						62,971
Foreign currency adjustments	(15,335)								(15,335)
Unrealized (loss) gain on interest rate hedges	6,173									6,173
Net actuarial pension (loss) gain	2,692										2,692
Balance at end of period at Dec. 31, 2019	$ 812,087	$ 0	$ 1,007	671,772	672,445	(673)	290,583	(151,275)				$ 761
Balance at period end (in shares) at Dec. 31, 2019		0	100,668,003
Increase (Decrease) in Stockholders' Equity
Accounting Standards Update [Extensible List] | ASU 2016-13	us-gaap:AccountingStandardsUpdate201613Member
Shares issued for exercise/vesting of share-based compensation awards (in shares)			427,950
Shares issued for exercise/vesting of share-based compensation awards			$ 5		2,979
Shares repurchased (in shares)			(265,589)
Shares repurchased			$ (3)				(4,997)
Shares surrendered for tax obligations for employee share-based transactions (in shares)			(24,296)
Shares surrendered for tax obligations for employee share-based transactions			$ (1)		(463)
Amortization of share-based compensation					16,399
Net income	$ 91,586						91,586
Foreign currency adjustments	105,442								$ 105,442
Unrealized (loss) gain on interest rate hedges	(1,384)									$ (1,384)
Net actuarial pension (loss) gain	(11,476)										$ (11,476)
Balance at end of period at Dec. 31, 2020	$ 1,004,464		$ 1,008	$ 690,687	$ 691,360	$ (673)	$ 371,462	$ (58,693)				$ (5,710)
Balance at period end (in shares) at Dec. 31, 2020			100,806,068

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, par value (usd per share)	$ 0.01	$ 0.01	$ 0.01

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES
Net income	$ 91,586	$ 62,971	$ 141,907
Adjustments to reconcile net income to cash used in operating activities:
Depreciation and amortization	134,623	133,969	125,100
Deferred income taxes	(9,063)	21,838	(35,804)
(Gain) loss on sale of business units, property and equipment	(4,122)	(1,377)	845
Adjustment to carrying value of assets	5,537	6,625	1,230
Equity earnings of non-consolidated entities	0	0	(738)
Amortization of deferred financing costs	2,679	1,971	2,107
Gain on previously held shares of an equity investment	0	0	(20,767)
Stock-based compensation	16,399	13,315	15,052
Contributions to U.S. pension plan	(12,619)	(7,760)	(4,125)
Amortization of U.S. pension expense	6,852	8,919	9,314
Other items, net	21,125	(3,320)	2,263
Net change in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable	10,819	8,426	16,507
Inventories	9,849	4,190	(33,092)
Other assets	5,520	6,938	(18,966)
Accounts payable and accrued expenses	62,880	37,611	39,540
Change in short term and long-term tax liabilities	13,590	8,393	(20,720)
Net cash provided by operating activities	355,655	302,709	219,653
INVESTING ACTIVITIES
Purchases of property and equipment	(77,692)	(101,506)	(97,399)
Proceeds from sale of business units, property and equipment	14,308	8,632	1,973
Purchase of intangible assets	(19,204)	(34,686)	(21,301)
Purchases of businesses, net of cash acquired	0	(57,799)	(167,688)
Cash received for notes receivable	585	411	274
Net cash used in investing activities	(82,003)	(184,948)	(284,141)
FINANCING ACTIVITIES
Change in long-term debt	210,858	13,101	70,468
Employee note repayments	0	0	39
Contingent consideration for acquisitions	0	0	(3,701)
Common stock issued for exercise of options	2,984	1,977	201
Common stock repurchased	(5,000)	(19,994)	(125,030)
Payments to tax authorities for employee share-based compensation	(933)	(1,495)	(9,452)
Net cash provided by (used in) financing activities	207,909	(6,411)	(67,475)
Effect of foreign currency exchange rates on cash	25,157	903	(6,648)
Net increase (decrease) in cash and cash equivalents	506,718	112,253	(138,611)
Cash, cash equivalents and restricted cash, beginning	229,876	117,623	256,234
Cash, cash equivalents and restricted cash, ending	$ 736,594	$ 229,876	$ 117,623

Description of Company and Summ

Description of Company and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Description of Company and Summary of Significant Accounting Policies	Description of Company and Summary of Significant Accounting Policies Nature of Business – JELD-WEN Holding, Inc., along with its subsidiaries, is a vertically integrated global manufacturer and distributor of windows and doors that derives substantially all of its revenues from the sale of its door and window products. Unless otherwise specified or the context otherwise requires, all references in these notes to “JELD-WEN,” “we,” “us,” “our,” or the “Company” are to JELD-WEN Holding, Inc. and its subsidiaries. We have facilities located in the U.S., Canada, Europe, Australia, Asia, and Mexico. Our products are marketed primarily under the JELD-WEN brand name in the U.S. and Canada and under JELD-WEN and a variety of acquired brand names in Europe, Australia, and Asia. Our revenues are affected by the level of new housing starts and remodeling activity in each of our markets. Our sales typically follow seasonal new construction and repair and remodeling industry patterns. The peak season for home construction and remodeling in many of our markets generally corresponds with the second and third calendar quarters, and therefore, sales volume is typically higher during those quarters. Our first and fourth quarter sales volumes are generally lower due to reduced repair and remodeling activity and reduced activity in the building and construction industry as a result of colder and more inclement weather in certain areas of our geographic end markets. Basis of Presentation – The accompanying consolidated financial statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the SEC. Certain prior year amounts have been reclassified to conform to current year presentation. All U.S. dollar and other currency amounts, except per share amounts, are presented in thousands unless otherwise noted. Ownership – As of December 31, 2020, Onex owned approximately 33% of the outstanding shares of our Common Stock. Share Repurchases – In April 2018, our Board of Directors authorized the repurchase of up to $250.0 million of our Common Stock through December 2019. Through October 2019, we had repurchased $145.0 million of our Common Stock under this authorization. On November 4, 2019, the Board of Directors authorized an increase to the remaining authorization under the share repurchase program to a total of $175.0 million with no expiration date. As of December 31, 2020, $170.0 million was remaining under the repurchase authorization. During the years ended December 31, 2020, December 31, 2019, and December 31, 2018, we repurchased 265,589, 1,192,419, and 5,287,964 shares of our Common Stock, respectively, for aggregate consideration of $5.0 million, $20.0 million, and $125.0 million, respectively. Fiscal Year – We operate on a fiscal calendar year, and each interim quarter is comprised of two 4-week periods and one 5-week period, with each week ending on a Saturday. Our fiscal year always begins on January 1 and ends on December 31. As a result, our first and fourth quarters may have more or fewer days included than a traditional 91-day fiscal quarter. Use of Estimates – The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates, assumptions, and allocations that affect amounts reported in the consolidated financial statements and related notes. Significant items that are subject to such estimates and assumptions include, but are not limited to, long-lived assets including goodwill and other intangible assets, employee benefit obligations, income tax uncertainties, contingent assets and liabilities, provisions for bad debt, inventory, warranty liabilities, legal claims, valuation of derivatives, environmental remediation, and claims relating to self-insurance. Actual results could differ due to the uncertainty inherent in the nature of these estimates. COVID-19 – The CARES Act in the U.S. and similar legislation in other jurisdictions includes measures that assist companies in responding to the COVID-19 pandemic. These measures consisted primarily of cash assistance to support employment levels and deferment of remittance of certain non-income tax expense payments. The most significant impact was the CARES Act in the U.S., which included a provision that allows employers to defer the remittance of the employer portion of the social security tax. The deferred employment tax must be paid over two years, with half of the amount required to be paid by December 31, 2021 and the other half by December 31, 2022. For the year ended December 31, 2020, the Company deferred $20.9 million of the employer portion of social security tax, of which $10.4 million is included in accrued payroll and benefits, and the remaining is included in deferred credits and other liabilities in the consolidated balance sheet. The $20.9 million deferral is included in other items, net in our consolidated statements of cash flows. For our Europe and Australasia regions, the deferrals totaled approximately $11.5 million and $1.8 million, respectively. The impact of the CARES Act and similar legislation in prospective periods may differ from our estimates as of December 31, 2020 due to changes in interpretations and assumptions, guidance that may be issued, and actions we may take in respect to these measures. The CARES Act and similar legislation in other jurisdictions are highly detailed and we will continue to assess the impact that various provisions will have on our business. Segment Reporting – Our reportable segments are organized and managed principally by geographic region: North America, Europe, and Australasia. We report all other business activities in Corporate and unallocated costs. In addition to similar economic characteristics, we also consider the following factors in determining the reportable segments: the nature of business activities, the management structure directly accountable to our chief operating decision maker for operating and administrative activities, the discrete financial information regularly reviewed by the chief operating decision maker, and information presented to the Board of Directors and investors. No segments have been aggregated for our presentation. Acquisitions – We apply the provisions of FASB ASC Topic 805, Business Combinations , in the accounting for our acquisitions. It requires us to recognize separately from goodwill the assets acquired and the liabilities assumed, at their acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred and the net of the acquisition date fair values of the assets acquired and the liabilities assumed. While we use our best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date as well as contingent consideration, where applicable, our estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, material adjustments must be reflected in the reporting period in which the adjustment amount is determined. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded in the current period in our consolidated statements of operations. For a given acquisition, we may identify certain pre-acquisition contingencies as of the acquisition date and may extend our review and evaluation of these pre-acquisition contingencies throughout the measurement period in order to obtain sufficient information to assess whether we include these contingencies as a part of the fair value estimates of assets acquired and liabilities assumed and, if so, to determine their estimated amounts. If we cannot reasonably determine the fair value of a pre-acquisition contingency (non-income tax related) by the end of the measurement period, we will recognize an asset or a liability for such pre-acquisition contingency if: (a) it is probable that an asset existed or a liability had been incurred at the acquisition date and (b) the amount of the asset or liability can be reasonably estimated. Subsequent to the measurement period, changes in our estimates of such contingencies will affect earnings and could have a material effect on our results of operations and financial position. In addition, uncertain tax positions and tax related valuation allowances assumed in connection with a business combination are initially estimated as of the acquisition date. We re-evaluate these items quarterly based upon facts and circumstances that existed as of the acquisition date. Subsequent to the measurement period or our final determination of the tax allowance’s or contingency’s estimated value, whichever comes first, changes to these uncertain tax positions and tax related valuation allowances will affect our provision for income taxes in our consolidated statements of operations and could have a material impact on our results of operations and financial position. Cash and Cash Equivalents – We consider all highly-liquid investments purchased with an original or remaining maturity at the date of purchase of three months or less to be cash equivalents. Our cash management system is designed to maintain zero bank balances at certain banks. Checks written and not presented to these banks for payment are reflected as book overdrafts and are a component of accounts payable. Restricted Cash – Restricted cash consists primarily of cash required to meet certain bank guarantees and projected self-insurance obligations. New funding is generated from employees’ portion of contributions and is added to the deposit account weekly as claims are paid. Accounts Receivable – Accounts receivable are recorded at their net realizable value. Our customers are primarily retailers, distributors, and contractors. As of December 31, 2020, one customer accounted for 19.2% of the consolidated accounts receivable balance. As of December 31, 2019, one customer accounted for 17.6% of the consolidated accounts receivable balance. We maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. We estimate the allowance for doubtful accounts our assessment of credit risk relating to our accounts receivable based on quantitative and qualitative factors, primarily historical credit collections within each region where we have operations. If the financial condition of a customer deteriorates or other circumstances occur that result in an impairment of a customer’s ability to make payments, we record additional allowances as needed. We write off uncollectible trade accounts receivable against the allowance for doubtful accounts when collection efforts have been exhausted and/or any legal action taken by us has concluded. Inventories – Inventories in the accompanying consolidated balance sheets are valued at the lower of cost or net realizable value and are determined by the first-in, first-out (“FIFO”) or average cost methods. We record provisions to write-down obsolete and excess inventory to its estimated net realizable value. The process for evaluating obsolete and excess inventory requires us to evaluate historical inventory usage and expected future production needs. Accelerating the disposal process or incorrect estimates may cause actual results to differ from the estimates at the time such inventory is disposed or sold. We classify certain inventories that are available for sale directly to external customers or used in the manufacturing of a finished good within raw materials. Notes Receivable – Notes receivable are recorded at their net realizable value. The balance consists primarily of installment notes and affiliate notes. The allowance for doubtful notes is based upon credit risks, historical loss trends, and specific reviews of delinquent notes. We write off uncollectible note receivables against the allowance for doubtful accounts when collection efforts have been exhausted and/or any legal action taken by us has been concluded. Current maturities and interest, net of short-term allowance are reported as other current assets. Customer Displays – Customer displays include all costs to manufacture, ship, and install the displays of our products in retail store locations. Capitalized display costs are included in other assets and are amortized over the life of the product lines, typically 3 to 4 years. Related amortization is included in SG&A expense in the accompanying consolidated statements of operations and was $7.9 million in 2020, $8.7 million in 2019, and $9.0 million in 2018. Cloud Computing Arrangements –We capitalize qualified cloud computing implementation costs associated with the application development stage and subsequently amortize these costs over the term of the hosting agreement and stated renewal period, if it is reasonably certain we will renew, typically 3 to 5 years. Capitalized costs are included in other assets on the consolidated balance sheet and amortization is included in SG&A expense in the accompanying consolidated statement of operations. Property and Equipment – Property and equipment are recorded at cost. The cost of major additions and betterments are capitalized and depreciated using the straight-line method over their estimated useful lives. Replacements, maintenance, and repairs that do not improve or extend the useful lives of the related assets or adapt the property to a new or different use are expensed as incurred. Interest over the construction period is capitalized as a component of cost of constructed assets. Upon sale or retirement of property or equipment, cost and related accumulated depreciation are removed from the accounts and any gain or loss is charged to income. Leasehold improvements are amortized over the shorter of the useful life of the improvement, the lease term, or the life of the building. Depreciation is generally provided over the following estimated useful service lives: Land improvements 10 - 20 years Buildings 15 - 45 years Machinery and equipment 3 - 20 years Intangible Assets –Intangible assets are accounted for in accordance with ASC 350, Intangibles – Goodwill and Other . Definite lived intangible assets are amortized based on the pattern of economic benefit over the following estimated useful lives: Trademarks and trade names 5 - 40 years Software 3 - 10 years Licenses and rights 3 - 14 years Customer relationships 4 - 20 years Patents 5 - 25 years The lives of definite lived intangible assets are reviewed and reduced if necessary, whenever changes in their planned use occur. Legal and registration costs related to internally-developed patents and trademarks are capitalized and amortized over the lesser of their expected useful life or the legal patent life. Cost and accumulated amortization are removed from the accounts in the period that an intangible asset becomes fully amortized. The carrying value of intangible assets is reviewed by management to assess the recoverability of the assets when facts and circumstances indicate that the carrying value may not be recoverable. The recoverability test requires us to first compare undiscounted cash flows expected to be generated by that definite lived intangible asset or asset group to its carrying amount. If the carrying amounts of the definite lived intangible assets are not recoverable on an undiscounted cash flow basis, an impairment charge is recognized to the extent that the carrying amount exceeds its fair value. Fair value is determined through various valuation techniques. Our valuation of identifiable intangible assets acquired is based on information and assumptions available to us at the time of acquisition, using income and market approaches to determine fair value. We do not amortize indefinite-lived intangible assets, but test for impairment annually, or when indications of potential impairment exist. For intangible assets other than goodwill, if the carrying value exceeds the fair value, we recognize an impairment loss in an amount equal to the excess. No material impairments were identified during fiscal years December 31, 2020, December 31, 2019 and December 31, 2018. We capitalize certain qualified internal use software costs during the application development stage and subsequently amortize these costs over the estimated useful life of the asset. Costs incurred during the preliminary project stage and post-implementation operation stage are expensed as incurred. Long-Lived Assets – Long-lived assets, other than goodwill, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of such assets may not be recoverable. The first step in an impairment review is to forecast the expected undiscounted cash flows generated from the anticipated use and eventual disposition of the asset. If the expected undiscounted cash flows are less than the carrying value of the asset, then an impairment charge is required to reduce the carrying value of the asset to fair value. Long-lived assets currently available for sale and expected to be sold within one year are classified as held for sale in other current assets. Leases – We lease certain warehouses, distribution centers, office spaces, land, vehicles and equipment. We determine if an arrangement is a lease at inception. A contract contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. Amounts associated with operating leases are included in operating lease assets (“ROU assets”), net, accrued expense and other current liabilities and noncurrent operating lease liability in our consolidated balance sheet. Amounts associated with finance leases are included in property and equipment, net, current maturities of long-term debt, and long-term debt in our consolidated balance sheet. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. If the lease does not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. The incremental borrowing rate for operating leases that commenced in the period is determined by using the prior quarter end’s incremental borrowing rates. Leases with an initial term of 12 months or less are not recorded on the balance sheet, and we recognize lease expense for these leases on a straight-line basis over the lease term. Variable lease payments that are dependent on usage, output, or may vary for other reasons, are excluded from lease payments in the measurement of the ROU asset and lease liability, and accordingly are recognized as lease expense in the period the obligation for those payments is incurred. For lease agreements entered into or reassessed after the adoption of Topic 842, we combine lease and nonlease components. Certain leases include renewal and/or termination options, with renewal terms that can extend the lease term from one Goodwill – Goodwill is tested for impairment on an annual basis during the fourth quarter and between annual tests if indicators of potential impairment exist, using a fair-value-based approach. Current accounting guidance provides an entity the option to perform a qualitative assessment to determine whether it is more-likely-than-not that the fair value of a reporting unit is impaired. If we do not perform a qualitative assessment, or if we determine that it is more likely than not that the fair value of the reporting unit exceeds its carrying amount, we calculate the estimated fair value of the reporting unit. We estimated the fair value of our reporting units using a discounted cash flow model (implied fair value measured on a non-recurring basis using level 3 inputs). Inherent in the development of the discounted cash flow projections are assumptions and estimates derived from a review of our expected revenue and terminal growth rates, profit margins, and cost of capital. Changes in assumptions or estimates used in our goodwill impairment testing could materially affect the determination of the fair value of a reporting unit, and therefore, could eliminate the excess of fair value over carrying value of a reporting unit and, in some cases, could result in impairment. Such changes in assumptions could be caused by items such as a loss of one or more significant customers, decline in the demand for our products due to changing economic conditions, or failure to control cost increases above what can be recouped in sale price increases. These types of changes would negatively affect our profits, revenues, and growth over the long term and such a decline could significantly affect the fair value assessment of our reporting units and cause our goodwill to become impaired. We have completed the required annual testing of goodwill for impairment for all reporting units and have determined that goodwill was not impaired in any years presented. Deferred Revenue – We record deferred revenue when we collect pre-payments from customers for performance obligations we expect to fulfill through future performance of a service or delivery of a product. We classify our deferred revenue based on our estimate as to when we expect to satisfy the related performance obligations. Current deferred revenues are typically included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets. Warranty Accrual – Warranty terms range primarily from one year to lifetime on certain window and door components. Warranties are normally limited to replacement or service of defective components for the original customer. Some warranties are transferable to subsequent owners and are generally limited to ten years from the date of manufacture or require pro-rata payments from the customer. A provision for estimated warranty costs is recorded at the time of sale based on historical experience and we periodically adjust these provisions to reflect actual experience. Restructuring – Costs to exit or restructure certain activities of an acquired company or our internal operations are accounted for as one-time termination and exit costs as required by the provisions of FASB ASC 420, Exit or Disposal Cost Obligations , and are accounted for separately from any business combination. A liability for costs associated with an exit or disposal activity is recognized and measured at its fair value in our consolidated statements of operations in the period in which the liability is incurred. When estimating the fair value of restructuring activities, assumptions are applied, which can differ materially from actual results. This may require us to revise our initial estimates, which may materially affect our results of operations and financial position in the period the revision is made. Derivative Financial Instruments – Derivative financial instruments are used to manage interest rate risk associated with our borrowings and foreign currency exposures related to transactions denominated in currencies other than the U.S. dollar, or in the case of our non-U.S. companies, transactions denominated in a currency other than their functional currency. All derivatives are recorded as assets or liabilities in the consolidated balance sheets at their respective fair values. As of December 31, 2020, December 31, 2019 and December 31, 2018, we had netting provisions in certain agreements with our counterparties. We have elected to not offset the fair values of derivative assets and liabilities executed with the same counterparty that are generally subject to enforceable netting agreements. Changes in a derivative’s fair value are recognized in earnings unless specific hedge criteria are met, and we elect hedge accounting prior to entering into the hedge. If a derivative is designated as a fair value hedge, the changes in fair value of both the derivative and the hedged item attributable to the hedged risks are recognized in the same line item in the results of operations. If the derivative is designated as a cash flow hedge, changes in the fair value related to the derivatives considered highly effective are initially recorded in accumulated other comprehensive income (loss) and subsequently classified to the consolidated statements of operations when the hedged item impacts earnings, and in the same line item on the consolidated statements of operations as the impact of the hedge transaction. At the inception of a fair value or cash flow hedge, we formally document the hedge relationship and the risk management objective for undertaking the hedge. In addition, for derivatives that qualify for hedge accounting, we assess, both at inception of the hedge and on an ongoing basis, whether the derivative financial instrument is and will continue to be highly effective in offsetting cash flows or fair value of the hedged item and whether it is probable that the hedged forecasted transaction will occur. Changes in the fair value of derivatives that do not qualify for hedge accounting, or fail to meet the criteria, thereafter, are also recognized in the consolidated statements of operations. See Note 24 - Fair Value of Financial Instruments for additional information on the fair value of our derivative assets and liabilities. Revenue Recognition – Revenue is recognized when obligations under the terms of a contract with our customer are satisfied. Generally, this occurs with the transfer of control of our products or services. The transfer of control to the customer occurs at a point in time, usually upon satisfaction of the shipping terms within the contract. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. The taxes we collect concurrent with revenue-producing activities (e.g., sales tax, value added tax, and other taxes) are excluded from revenue. Incentive payments to customers that directly relate to future business are recorded as a reduction of net revenues over the periods benefited. Shipping and handling costs are treated as fulfillment costs and are not considered a separate performance obligation. Shipping and handling costs charged to customers and the related expenses are reported in revenues and cost of sales for all customers. The expected costs associated with our base warranties and field service actions continue to be recognized as expense when the products are sold (see Note 12 - Warranty Liability ). Since payment is due at or shortly after the point of sale, the contract asset is classified as a receivable. We do not adjust the promised amount of consideration for the effects of a significant financing component when we expect, at contract inception, that the period between our transfer of a promised product or service to a customer and when the customer pays for that product or service will be one year or less. We do not typically include extended payment terms in our contracts with customers. Incidental items that are immaterial in the context of the contract are recognized as expense. We disaggregate revenues based on geographical location. See Note 16 - Segment Information for further information on disaggregated revenue. Advertising Costs – All costs of advertising our products and services are charged to expense as incurred. Advertising and promotion expenses included in SG&A expenses were $31.7 million in 2020, $40.0 million in 2019, and $43.4 million in 2018. Interest Expense and Extinguishment of Debt Costs – We record debt extinguishment costs separately from interest expense within other income in the consolidated statements of operations. Foreign Currency Translation and Adjustments – Typically, our foreign subsidiaries maintain their accounting records in their local currency. All of the assets and liabilities of these subsidiaries (including long-term assets, such as goodwill) are converted to U.S. dollars at the exchange rate in effect at the balance sheet date, income and expense accounts are translated at average rates for the period, and shareholder’s equity accounts are translated at historical rates. The effects of translating financial statements of foreign operations into our reporting currency are recognized as a cumulative translation adjustment in consolidated other comprehensive income (loss). This balance is net of tax, where applicable. The effects of translating financial statements of foreign operations in which the U.S. dollar is their functional currency are included in the consolidated statements of operations. The effects of translating intercompany debt are recorded in the consolidated statements of operations unless the debt is of a long-term investment nature in which case gains and losses are recorded in consolidated other comprehensive income (loss). Foreign currency transaction gains or losses are credited or charged to income as incurred. Income Taxes – Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on the deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. We evaluate both the positive and negative evidence that is relevant in assessing whether we will realize the deferred tax assets. A valuation allowance is recorded when it is more likely than not that some of the deferred tax assets will not be realized. The tax effects from an uncertain tax position can be recognized in the consolidated financial statements, only if the position is more likely than not to be sustained, based on the technical merits of the position and the jurisdiction taxes of the Company. We recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit and the tax related to the position would be due to the entity and not the owners. For tax positions meeting the more likely than not threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized, upon ultimate settlement with the relevant tax authority. We apply this accounting standard to all tax positions for which the statute of limitations remains open. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Tax Act passed in December 2017 continues to have significant effects on our financial statements primarily through Treasury regulations, whether proposed or final, which continue to be issued in relation to specific provisions of the Tax Act. In accordance with Staff Accounting Bulletin No. 118 issued by the SEC in December 2017 immediately following the passage of the Tax Act, we made provisional estimates for certain direct and indirect effects of the Tax Act based on information available to us at that time. In the fourth quarter of 2018, we completed our accounting for the enactment-date income tax effects of the Tax Act and recorded adjustments as a component of income tax expense from continuing operations. The Tax Act subjects a U.S. shareholder to current tax on GILTI earned by certain foreign subsidiaries. We have elected to account for the impact of GILTI in the period in which it is incurred. We file a consolidated federal income tax return in the U.S. and various states. For financial statement purposes, we calculate the provision for federal income taxes using the separate return method. Certain subsidiaries file separate tax returns in certain countries and states. Any U.S. federal, state, and foreign income taxes refundable and payable are reported in other current assets and accrued expen

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Acquisitions	Acquisitions In March 2019, we acquired VPI Quality Windows, Inc. (“VPI”). VPI is a leading manufacturer of vinyl windows, specializing in customized solutions for mid-rise multi-family, industrial, hospitality and commercial projects, primarily in the western U.S. VPI is located in Spokane, Washington and is a part of our North America segment. The fair values of the assets and liabilities acquired of this acquisition are summarized below: (amounts in thousands) Preliminary Allocation Measurement Period Adjustment Final Allocation Fair value of identifiable assets and liabilities: Accounts receivable $ 11,417 $ (420) $ 10,997 Inventories 2,555 (141) 2,414 Other current assets 261 40 301 Property and equipment 3,166 176 3,342 Identifiable intangible assets 17,702 5,735 23,437 Operating lease assets 3,739 — 3,739 Goodwill 26,553 (3,053) 23,500 Other assets 10 — 10 Total assets $ 65,403 $ 2,337 $ 67,740 Accounts payable 2,629 — 2,629 Other current liabilities 1,875 522 2,397 Operating lease liability 3,413 — 3,413 Other liabilities — 1,502 1,502 Total liabilities $ 7,917 $ 2,024 $ 9,941 Purchase price: Cash consideration, net of cash acquired $ 57,486 $ 313 $ 57,799 The final goodwill of $23.5 million, calculated as the excess of the purchase price over the fair value of net assets, represents operational efficiencies and sales synergies, and the full amount is expected to be tax-deductible. The intangible assets include customer relationships and tradenames and will be amortized over a weighted average amortization period of eight years. Acquisition-related costs are expensed as incurred and are included in SG&A expense in our accompanying consolidated statements of operations. We incurred acquisition-related costs of $0.4 million during the year ended December 31, 2019. Prior to our purchase of VPI, certain employees held employment agreements including retention bonuses with service requirements extending into the post-acquisition period. As agreed with the former owners, the retention bonuses were prepaid at the acquisition date and any repayments of the retention bonuses under the terms of the employment agreements will accrue to the benefit of the former owners. The cash used to pay the retention bonuses was excluded from our determination of purchase price. In 2019, we expensed the post-acquisition value of these retention bonuses as acquisition-related cost totaling $7.1 million, which are included in SG&A expense in our accompanying consolidated statements of operations for the year ended December 31, 2019. The purchase price allocation was considered complete as of March 28, 2020. During 2018, we completed four acquisitions. The fair values of the assets and liabilities acquired in these acquisitions are summarized below: (amounts in thousands) Preliminary Allocation Measurement Period Adjustment Final Allocation Fair value of identifiable assets and liabilities: Accounts receivable $ 58,714 $ (2,079) $ 56,635 Inventories 97,305 (8,069) 89,236 Other current assets 14,910 (6,137) 8,773 Property and equipment 53,128 26,170 79,298 Identifiable intangible assets 70,057 (1,363) 68,694 Goodwill 64,950 (4,330) 60,620 Other assets 7,283 (3,528) 3,755 Total assets $ 366,347 $ 664 $ 367,011 Accounts payable 29,512 (6,097) 23,415 Current maturities of long-term debt 17,278 803 18,081 Other current liabilities 27,595 4,496 32,091 Long-term debt 47,369 5,129 52,498 Other liabilities 17,551 (2,353) 15,198 Total liabilities $ 139,305 $ 1,978 $ 141,283 Purchase price: Cash consideration, net of cash acquired $ 169,002 $ (1,314) $ 167,688 Contingent consideration 3,898 — 3,898 Gain on previously held shares 20,767 — 20,767 Existing investment in acquired entity 33,483 — 33,483 Non-cash consideration related to acquired intercompany balances (108) — (108) Total consideration, net of cash acquired $ 227,042 $ (1,314) $ 225,728 Goodwill of $60.6 million, calculated as the excess of the purchase price over the fair value of net assets, represents operational efficiencies and sales synergies, and no amount is expected to be tax-deductible. The intangible assets include customer relationships, tradenames, patents, and software and will be amortized over a weighted average amortization period of 16 years. Acquisition-related costs of $8.1 million were expensed as incurred and are included in SG&A expense in our accompanying consolidated statements of operations for the year ended December 31, 2018. The purchase price allocation was considered complete for the Domoferm, A&L, ABS, and D&K acquisitions as of March 30, 2019. The contingent consideration relating to the A&L acquisition was based on underlying business performance through June 2018 and was paid in the third quarter of 2018 in the amount of $3.7 million. The gain on previously held shares relates to the remeasurement of our existing 50% ownership interest to fair value for one of the recent acquisitions. We evaluated the acquisitions quantitatively and qualitatively and determined them to be insignificant both individually and in the aggregate. Therefore, certain pro forma disclosures under ASC 805-10-50 have been omitted. The results of the acquisitions are included in our consolidated financial statements from the date of their acquisition.

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Accounts Receivable	Accounts Receivable We sell our manufactured products to a large number of customers, primarily in the residential housing construction and remodel sectors, broadly dispersed across many domestic and foreign geographic regions. We assess the credit risk relating to our accounts receivable based on quantitative and qualitative factors, primarily historical credit collections within each region where we have operations. We perform ongoing credit evaluations of our customers to minimize credit risk. We do not usually require collateral for accounts receivable but will require advance payment, guarantees, a security interest in the products sold to a customer, and/or letters of credit in certain situations. Customer accounts receivable converted to notes receivable are collateralized by inventory or other collateral. One window and door customer from our North America segment represents 15.4%, 14.6%, and 14.2% of net revenues in 2020, 2019, and 2018, respectively. As of January 1, 2020, we adopted ASC 326 - Measurement of Credit Losses on Financial Instruments on a modified retrospective basis, which increased the allowance for doubtful accounts by $7.6 million on the date of adoption. The following is a roll forward of our allowance for doubtful accounts as of December 31: (amounts in thousands) 2020 2019 2018 Balance as of January 1, $ (5,967) $ (6,227) $ (4,468) Acquisitions (Note 2) — (235) (1,668) Additions charged to expense (649) (961) (2,769) Additions related to adoption of 2016-09 (7,635) — — Deductions 1,898 1,407 2,301 Currency translation (581) 49 377 Balance at period end $ (12,934) $ (5,967) $ (6,227)

Inventories

Inventories	12 Months Ended
	Dec. 31, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Finished goods and work-in-process inventories include material, labor, and manufacturing overhead costs. (amounts in thousands) 2020 2019 Raw materials $ 382,698 $ 372,289 Work in process 35,712 38,432 Finished goods 93,818 94,357 Total inventories $ 512,228 $ 505,078

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net (amounts in thousands) 2020 2019 Land improvements $ 32,312 $ 34,211 Buildings 536,376 511,563 Machinery and equipment 1,508,979 1,423,809 Total depreciable assets 2,077,667 1,969,583 Accumulated depreciation (1,349,423) (1,252,092) 728,244 717,491 Land 72,525 69,262 Construction in progress 71,816 77,622 Total property and equipment, net $ 872,585 $ 864,375 The prior year figures in the table above have been revised to correct for errors associated with our accounting for retirements and disposal of the fair value adjustments of buildings, machinery and equipment, and accumulated depreciation associated with a 2006 acquisition in Europe. The effect of the errors was to understate the amounts previously reported for buildings by $9.3 million, machinery and equipment by $54.6 million, total depreciable assets by $63.9 million, and accumulated depreciation by $63.9 million. In the fourth quarter of 2019, we placed in service a newly constructed plant and corresponding machinery and equipment located within our Australasia segment. We monitor all property and equipment for any indicators of potential impairment. We recorded impairment charges of $2.0 million, $3.7 million, and $1.1 million during the years ended December 31, 2020, December 31, 2019, and December 31, 2018, respectively. The effect on our carrying value of property and equipment due to currency translations for foreign assets was an increase of $27.1 million and a decrease of $2.0 million for the years ended December 31, 2020 and December 31, 2019, respectively. Depreciation expense was recorded as follows: (amounts in thousands) 2020 2019 2018 Cost of sales $ 88,551 $ 84,449 $ 85,357 Selling, general and administrative 9,594 9,882 8,699 Total depreciation expense $ 98,145 $ 94,331 $ 94,056

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The following table summarizes the changes in goodwill by reportable segment: (amounts in thousands) North Europe Australasia Total Balance as of December 31, 2018 $ 223,562 $ 279,688 $ 82,692 $ 585,942 Acquisitions 26,553 — — 26,553 Acquisition remeasurements (1,535) — (1,248) (2,783) Sale of business unit (1,343) — — (1,343) Currency translation 265 (5,776) (358) (5,869) Balance as of December 31, 2019 $ 247,502 $ 273,912 $ 81,086 $ 602,500 Currency translation 148 29,485 7,734 37,367 Balance as of December 31, 2020 $ 247,650 $ 303,397 $ 88,820 $ 639,867 We have recorded impairments in prior periods related to the divestiture of certain operations. Cumulative impairments of goodwill totaled $1.6 million at December 31, 2018. In accordance with current accounting guidance, we identified three reporting units for the purpose of conducting our goodwill impairment review. In determining our reportable units, we considered (i) whether an operating segment or a component of an operating segment was a business, (ii) whether discrete financial information was available, and (iii) whether the financial information is regularly reviewed by management of the operating segment. We performed our annual impairment assessment during the beginning of the December fiscal month of 2020. The excess of the fair value of our reporting units over their respective carrying values for the three reporting units exceeded 20%. No impairment loss was recorded in 2020, 2019, or 2018.

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Intangible Assets, Net The cost and accumulated amortization values of our intangible assets were as follows: December 31, 2020 (amounts in thousands) Cost Accumulated Net Customer relationships and agreements $ 155,006 $ (68,186) $ 86,820 Software 106,697 (26,801) 79,896 Trademarks and trade names 60,699 (9,821) 50,878 Patents, licenses and rights 48,759 (20,298) 28,461 Total amortizable intangibles $ 371,161 $ (125,106) $ 246,055 December 31, 2019 (amounts in thousands) Cost Accumulated Net Customer relationships and agreements $ 151,540 $ (57,326) $ 94,214 Software 92,821 (18,222) 74,599 Trademarks and trade names 58,088 (7,512) 50,576 Patents, licenses and rights 45,392 (14,454) 30,938 Total amortizable intangibles $ 347,841 $ (97,514) $ 250,327 Through December 31, 2020, we have capitalized software costs of $76.4 million related to the application development stage of our global ERP system implementation, including $16.2 million during the year ended December 31, 2020 and $31.8 million during the year ended December 31, 2019. In March 2020, we impaired $3.4 million of capitalized software within impairment and restructuring charges in the accompanying consolidated statements of operations due to delays in implementation of certain ERP modules and the uncertainty of its future. In the third quarter 2020, we reduced the estimated useful life of our initial ERP instance from 15 years to 10 years to align with our current plans for our future global ERP system. In the fourth quarter, we placed in service and began amortizing our current global ERP instance over its estimated useful life of 10 years. As of December 31, 2020, we have placed $68.7 million in service and are amortizing the cost of our global ERP system over its estimated useful life. The effect on our carrying value of intangible assets due to currency translations for foreign assets was an increase of $9.2 million and a decrease of $1.5 million for the years ended December 31, 2020 and December 31, 2019, respectively. See Note 2 - Acquisitions for a discussion of our acquisitions and associated intangible assets. Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of such assets may not be recoverable. Intangible assets that become fully amortized are removed from the accounts in the period that they become fully amortized. Amortization expense was recorded as follows: (amounts in thousands) 2020 2019 2018 Amortization expense $ 28,541 $ 30,956 $ 22,208 Estimated future amortization expense: (amounts in thousands) 2021 $ 32,501 2022 31,707 2023 30,005 2024 29,243 2025 27,775 Thereafter 94,824 $ 246,055

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	Leases We lease certain warehouses, distribution centers, office spaces, land, vehicles and equipment. Effective January 1, 2019, we adopted ASU No. 2016-02 “Leases” using the modified retrospective approach. Lease ROU assets and liabilities at December 31 were as follows: (amounts in thousands) Balance Sheet Location 2020 2019 Assets: Operating Operating lease assets, net $ 214,727 $ 202,053 Finance Property and equipment, net (1) 5,791 4,045 Total lease assets $ 220,518 $ 206,098 Liabilities: Current: Operating Accrued expense and other current liabilities $ 44,319 $ 45,254 Finance Current maturities of long-term debt 1,740 1,280 Noncurrent: Operating Operating lease liability 177,491 164,026 Finance Long-term debt 4,086 2,820 Total lease liability $ 227,636 $ 213,380 (1) Finance lease assets are recorded net of accumulated depreciation of $3.0 million and $1.5 million as of December 31, 2020 and December 31, 2019, respectively. During the years ended December 31, 2020 and December 31, 2019, we obtained $55.5 million and $49.0 million in right-of-use assets, respectively, in exchange for operating lease liabilities, primarily relating to manufacturing equipment. We have revised the prior year right-of-use asset in exchange for operating lease liabilities amount to include all noncash operating lease activity. In December 2019, we entered into a 10 year operating lease for a replacement corporate airplane with an ROU asset of $11.7 million. During the years ended December 31, 2020 and December 31, 2019, we obtained $3.3 million and $3.2 million in right-of-use assets, respectively, in exchange for finance lease liabilities. The components of lease expense for the years ended December 31 were as follows: (amounts in thousands) 2020 2019 Operating $ 56,066 $ 54,535 Short term 12,803 11,543 Variable 4,989 3,806 Low value 1,714 1,738 Finance 193 90 Total lease costs $ 75,765 $ 71,712 2020 2019 Weighted average remaining lease terms (years): Operating 6.6 6.7 Finance 3.8 3.7 Weighted average discount rate: Operating 4.2% 4.7% Finance 3.5% 4.4% Future minimum lease payment obligations under operating and finance leases are as follows: December 31, 2020 (amounts in thousands) Operating Leases (1) Finance Leases Total 2021 $ 53,958 $ 1,950 $ 55,908 2022 47,133 1,529 48,662 2023 39,399 1,416 40,815 2024 30,854 1,107 31,961 2025 24,219 167 24,386 Thereafter 62,856 67 62,923 Total lease payments 258,419 6,236 264,655 Less: Interest 36,609 410 37,019 Present value of lease liability $ 221,810 $ 5,826 $ 227,636 (1) Operating lease payments include $8.4 million
Leases	Leases We lease certain warehouses, distribution centers, office spaces, land, vehicles and equipment. Effective January 1, 2019, we adopted ASU No. 2016-02 “Leases” using the modified retrospective approach. Lease ROU assets and liabilities at December 31 were as follows: (amounts in thousands) Balance Sheet Location 2020 2019 Assets: Operating Operating lease assets, net $ 214,727 $ 202,053 Finance Property and equipment, net (1) 5,791 4,045 Total lease assets $ 220,518 $ 206,098 Liabilities: Current: Operating Accrued expense and other current liabilities $ 44,319 $ 45,254 Finance Current maturities of long-term debt 1,740 1,280 Noncurrent: Operating Operating lease liability 177,491 164,026 Finance Long-term debt 4,086 2,820 Total lease liability $ 227,636 $ 213,380 (1) Finance lease assets are recorded net of accumulated depreciation of $3.0 million and $1.5 million as of December 31, 2020 and December 31, 2019, respectively. During the years ended December 31, 2020 and December 31, 2019, we obtained $55.5 million and $49.0 million in right-of-use assets, respectively, in exchange for operating lease liabilities, primarily relating to manufacturing equipment. We have revised the prior year right-of-use asset in exchange for operating lease liabilities amount to include all noncash operating lease activity. In December 2019, we entered into a 10 year operating lease for a replacement corporate airplane with an ROU asset of $11.7 million. During the years ended December 31, 2020 and December 31, 2019, we obtained $3.3 million and $3.2 million in right-of-use assets, respectively, in exchange for finance lease liabilities. The components of lease expense for the years ended December 31 were as follows: (amounts in thousands) 2020 2019 Operating $ 56,066 $ 54,535 Short term 12,803 11,543 Variable 4,989 3,806 Low value 1,714 1,738 Finance 193 90 Total lease costs $ 75,765 $ 71,712 2020 2019 Weighted average remaining lease terms (years): Operating 6.6 6.7 Finance 3.8 3.7 Weighted average discount rate: Operating 4.2% 4.7% Finance 3.5% 4.4% Future minimum lease payment obligations under operating and finance leases are as follows: December 31, 2020 (amounts in thousands) Operating Leases (1) Finance Leases Total 2021 $ 53,958 $ 1,950 $ 55,908 2022 47,133 1,529 48,662 2023 39,399 1,416 40,815 2024 30,854 1,107 31,961 2025 24,219 167 24,386 Thereafter 62,856 67 62,923 Total lease payments 258,419 6,236 264,655 Less: Interest 36,609 410 37,019 Present value of lease liability $ 221,810 $ 5,826 $ 227,636 (1) Operating lease payments include $8.4 million

Investments

Investments	12 Months Ended
	Dec. 31, 2020
Investments, All Other Investments [Abstract]
Investments	InvestmentsDuring the first quarter of 2018, we purchased the remaining outstanding shares of a 50% owned equity method investment and we recognized a gain of $20.8 million on the previously held shares. This investment is now eliminated in consolidation. The results of operations for the equity method investment as of December 31, 2018 is summarized below: (amounts in thousands) Net sales $ 91,234 Gross profit 18,261 Net income 1,752 Adjustment for profit (loss) in inventory (138) Net income attributable to Company 738 Sales to affiliates totaled $16.5 million, purchases from affiliates totaled $1.0 million, and no impairments were recorded in 2018.

Accrued Payroll and Benefits

Accrued Payroll and Benefits	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued Payroll and Benefits	Accrued Payroll and Benefits (amounts in thousands) 2020 2019 Accrued vacation $ 49,902 $ 46,746 Accrued payroll and commissions 29,911 23,854 Accrued bonuses 28,100 11,101 Accrued payroll taxes 26,218 11,372 Other accrued benefits 8,052 8,633 Non-U.S. defined contributions and other accrued benefits 9,559 7,680 Total accrued payroll and benefits $ 151,742 $ 109,386 Accrued payroll taxes relates to provisions included within the CARES Act for the deferral of payroll taxes. Additional information is disclosed within Note 1 - Summary of Significant Accounting Policies within COVID-19. (amounts in thousands) 2020 2019 Legal claims provision $ 108,629 $ 79,332 Accrued sales and advertising rebates 87,030 67,250 Current portion of operating lease liability (Note 8) 44,319 45,254 Non-income related taxes 31,436 23,178 Current portion of warranty liability (Note 12) 21,766 21,054 Accrued freight 18,967 10,715 Accrued expenses 15,751 17,278 Deferred revenue 13,453 7,986 Current portion of accrued claim costs relating to self-insurance programs 11,882 12,312 Accrued income taxes payable 11,224 1,999 Current portion of derivative liability (Note 23) 9,778 4,068 Accrued interest payable 3,681 2,126 Current portion of restructuring accrual (Note 20) 1,373 6,051 Total accrued expenses and other current liabilities $ 379,289 $ 298,603 The legal claims provision relates primarily to contingencies associated with the ongoing legal matters disclosed in Note 25 - Commitments and Contingencies . The accrued sales and advertising rebates, accrued interest payable, accrued freight, and non-income related taxes can fluctuate significantly period-over-period due to timing of payments.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Payroll and Benefits (amounts in thousands) 2020 2019 Accrued vacation $ 49,902 $ 46,746 Accrued payroll and commissions 29,911 23,854 Accrued bonuses 28,100 11,101 Accrued payroll taxes 26,218 11,372 Other accrued benefits 8,052 8,633 Non-U.S. defined contributions and other accrued benefits 9,559 7,680 Total accrued payroll and benefits $ 151,742 $ 109,386 Accrued payroll taxes relates to provisions included within the CARES Act for the deferral of payroll taxes. Additional information is disclosed within Note 1 - Summary of Significant Accounting Policies within COVID-19. (amounts in thousands) 2020 2019 Legal claims provision $ 108,629 $ 79,332 Accrued sales and advertising rebates 87,030 67,250 Current portion of operating lease liability (Note 8) 44,319 45,254 Non-income related taxes 31,436 23,178 Current portion of warranty liability (Note 12) 21,766 21,054 Accrued freight 18,967 10,715 Accrued expenses 15,751 17,278 Deferred revenue 13,453 7,986 Current portion of accrued claim costs relating to self-insurance programs 11,882 12,312 Accrued income taxes payable 11,224 1,999 Current portion of derivative liability (Note 23) 9,778 4,068 Accrued interest payable 3,681 2,126 Current portion of restructuring accrual (Note 20) 1,373 6,051 Total accrued expenses and other current liabilities $ 379,289 $ 298,603 The legal claims provision relates primarily to contingencies associated with the ongoing legal matters disclosed in Note 25 - Commitments and Contingencies . The accrued sales and advertising rebates, accrued interest payable, accrued freight, and non-income related taxes can fluctuate significantly period-over-period due to timing of payments.

Warranty Liability

Warranty Liability	12 Months Ended
	Dec. 31, 2020
Product Warranties Disclosures [Abstract]
Warranty Liability	Warranty LiabilityWarranty terms vary from one year to lifetime on certain window and door components. Warranties are normally limited to servicing or replacing defective components for the original customer. Product defects arising within six months of sale are classified as manufacturing defects and are not included in the current period expense below. Some warranties are transferable to subsequent owners and are either limited to 10 years from the date of manufacture or require pro-rata payments from the customer. A provision for estimated warranty costs is recorded at the time of sale based on historical experience and is periodically adjusted to reflect actual experience. An analysis of our warranty liability is as follows: (amounts in thousands) 2020 2019 2018 Balance as of January 1 $ 49,716 $ 46,468 $ 46,256 Current period expense 23,906 20,853 21,822 Liabilities assumed due to acquisition — 2,104 1,550 Experience adjustments 3,213 1,890 1,227 Payments (25,113) (21,818) (23,410) Currency translation 574 219 (977) Balance at period end 52,296 49,716 46,468 Current portion (21,766) (21,054) (20,529) Long-term portion $ 30,530 $ 28,662 $ 25,939

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Our long-term debt, net of original issue discount and unamortized debt issuance costs, consisted of the following: December 31, 2020 December 31, 2020 December 31, 2019 (amounts in thousands) Interest Rate Senior Secured Notes and Senior Notes 4.63% - 6.25% $ 1,050,000 $ 800,000 Term loans 1.06% - 2.15% 588,881 591,153 Finance leases and other financing arrangements 1.25% - 5.95% 113,174 108,613 Mortgage notes 1.65% 29,296 28,175 Installment notes for stock —% — 205 Total Debt 1,781,351 1,528,146 Unamortized debt issuance costs and original issue discounts (13,309) (10,774) Current maturities of long-term debt (66,702) (65,846) Long-term debt $ 1,701,340 $ 1,451,526 Maturities by year, excluding unamortized debt issuance costs and original issue discounts: 2021 $ 66,702 2022 21,901 2023 58,103 2024 545,172 2025 660,985 Summaries of our significant changes to outstanding debt agreements as of December 31, 2020 are as follows: Senior Secured Notes and Senior Notes In May 2020, we issued $250.0 million of Senior Secured Notes bearing interest at 6.25% and maturing in May 2025 in a private placement for resale to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The proceeds were net of fees and expenses associated with debt issuance, including an underwriting fee of 1.25%. Interest is payable semiannually, in arrears, each May and November through maturity, beginning November 2020. In December 2017, we issued $800.0 million of unsecured Senior Notes in two tranches: $400.0 million bearing interest at 4.63% and maturing in December 2025, and $400.0 million bearing interest at 4.88% and maturing in December 2027 in a private placement for resale to qualified institutional buyers pursuant to Rule 144A under the Securities Act. Term Loans U.S. Facility - In December 2017, along with the issuance of the Senior Notes, we re-priced and amended the facility, which resulted in a principal balance of $440.0 million. These re-priced term loans were offered at par and bear interest at the further reduced rate of LIBOR (subject to a floor of 0.00%) plus a margin of 1.75% to 2.00%, determined by our corporate credit ratings. This amendment also modified other terms and provisions, including providing for additional covenant flexibility and additional capacity under the facility. In February 2019, we purchased interest rate caps in order to effectively fix a 3.0% per annum ceiling on the LIBOR component of an aggregate $150.0 million of our term loans. The caps became effective March 29, 2019 and expire December 31, 2021. In September 2019, we amended the Term Loan Facility to provide for an incremental aggregate principal amount of $125.0 million and used the proceeds primarily to repay $115.0 million of outstanding borrowings under the ABL Facility. The proceeds were net of the original issue discount of 0.5%, or $0.6 million, as well as $0.6 million in fees and expenses associated with the debt issuance. This amendment requires that approximately $1.4 million of the aggregate principal amount be repaid quarterly until the maturity date. There were no other changes to key terms and the facility maintains its original maturity date in December 2024. At December 31, 2020, the outstanding principal balance, net of original issue discount, was $549.4 million. In May 2020, we entered into interest rate swap agreements with a weighted average fixed rate of 0.395% paid against one-month LIBOR floored at 0.00% with outstanding notional amounts aggregating to $370.0 million corresponding to that amount of the debt outstanding under our Term Loan Facility. The interest rate swap agreements are designated as cash flow hedges of a portion of the interest obligations on our Term Loan Facility borrowings and mature in December 2023. See Note 23- Derivative Financial Instruments for additional information on our derivative assets and liabilities. Australia Facility - In June 2019, we reallocated AUD 5.0 million from the term loan commitment to the interchangeable commitment of the Australia Senior Secured Credit Facility. The amended AUD 50.0 million floating rate term loan facility bears interest at a base rate of BBSY plus a margin ranging from 1.00% to 1.10%, includes a line fee of 1.25% on the commitment amount, and matures in February 2023. This facility had an outstanding principal balance of AUD 50.0 million ($38.5 million ) as of December 31, 2020. Both the term loan and non-term loan portions of the Australia Senior Secured Credit Facility are secured by guarantees of JWA and its subsidiaries, fixed and floating charges on the assets of JWA group, and mortgages on certain real properties owned by the JWA group. The agreement requires that JWA maintain certain financial ratios, including a minimum consolidated interest coverage ratio and a maximum consolidated debt to EBITDA ratio. The agreement limits dividends and repayments of intercompany loans where the JWA group is the borrower and limits acquisitions without the bank’s consent. Revolving Credit Facilities ABL Facility - In December 2019, we amended the ABL facility, a $400 million asset-based loan revolving credit facility maturing in December 2022, which did not have a financial impact. This facility bears interest primarily at LIBOR (subject to a floor of 0.00%) plus a margin of 1.25% to 1.75%, determined by availability. Extensions of credit are limited by a borrowing base calculated based on specified percentages of the value of eligible accounts receivable and inventory, subject to certain reserves and other adjustments. We pay a fee of 0.25% on the unused portion of the commitments. The ABL Facility has a minimum fixed charge coverage ratio that we are obligated to comply with under certain circumstances. The ABL Facility has various non-financial covenants, including restrictions on liens, indebtedness, dividends, customary representations and warranties, and customary events of defaults and remedies. In March 2020, we drew $100.0 million under our ABL Facility as a precautionary measure to ensure funding of our seasonal working capital cash requirements given the significant impact of the COVID-19 pandemic on global financial markets and economies. In May 2020, we utilized a portion of the proceeds received from our issuance of the $250.0 million of Senior Secured Notes to repay the outstanding balance on our ABL Facility. In the fourth quarter of 2020, we began to include the accounts receivable and inventory balances of certain recently acquired U.S. businesses in determining our availability, which expanded our borrowing base. As of December 31, 2020, we had no outstanding borrowings, $38.5 million in letters of credit and $346.0 million available under the ABL Facility. Australia Senior Secured Credit Facility - In June 2019, we amended the Australia Senior Secured Credit Facility, reallocating availability from the Australia Term Loan Facility and collapsing the floating rate revolving loan facility into an AUD 35.0 million interchangeable facility to be used for guarantees, asset financing, and loans of 12 months or less. In May 2020, we amended this facility to relax certain financial covenants and provide for a supplemental AUD 30.0 million floating rate revolving loan facility to be used for loans bearing interest at BBSY plus a margin of 1.10%, and a line fee of 0.90%, and maturing on June 30, 2021. The facility may be used only if and when the AUD 35.0 million interchangeable facility is fully utilized. As of December 31, 2020, we had AUD 30.0 million ($23.1 million) available under this facility. In addition, the AUD 35.0 million interchangeable facility was renewed with relaxed financial maintenance covenants to at least June 30, 2021 and its line fee increased to 0.70%, compared to a line fee of 0.50% under the previous amendment. The non-term loan portion of the Australia Senior Secured Credit Facility no longer has a set maturity date but is instead subject to an annual review. As of December 31, 2020, we had AUD 21.6 million ($16.6 million) available under this facility. At December 31, 2020, we had combined borrowing availability o f $385.7 million under our revolving credit facilities. Mortgage Notes – In December 2007, we entered into thirty-year mortgage notes secured by land and buildings with principal payments which began in 2018. At December 31, 2020, we had DKK 177.4 million ( $29.3 million) outstanding under these notes. Finance leases and other financing arrangements – In addition to finance leases, we include insurance premium financing arrangements and loans secured by equipment in this category. At December 31, 2020, we had $113.2 million outstanding in this category, with maturities ranging from 2021 to 2028. As of December 31, 2020, we were in compliance with the terms of all of our credit facilities and the indentures governing the Senior Notes and Senior Secured Notes.

Deferred Credits and Other Liab

Deferred Credits and Other Liabilities	12 Months Ended
	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Deferred Credits and Other Liabilities	Deferred Credits and Other Liabilities Included in deferred credits and other liabilities is the long-term portion of the following liabilities as of December 31: (amounts in thousands) 2020 2019 Warranty liability (Note 12) $ 30,530 $ 28,662 Uncertain tax positions (Note 15) 21,764 20,234 Workers' compensation claims accrual 16,856 14,604 Accrued payroll taxes 10,427 — Environmental contingencies (Note 25) 8,300 — Other liabilities 2,590 3,190 Long term derivative liability (Note 23) 897 — Restructuring accrual (Note 20) 4 992 Total deferred credits and other liabilities $ 91,368 $ 67,682 Accrued payroll taxes relates to provisions included within the CARES Act for the deferral of payroll taxes. Additional information is disclosed within Note 1 - Summary of Significant Accounting Policies within COVID-19.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income (loss) before taxes, equity earnings is comprised of the following for the years ended December 31: (amounts in thousands) 2020 2019 2018 Domestic (loss) income $ (8,791) $ (784) $ 192 Foreign income 125,466 120,829 130,919 Total income before taxes, equity earnings $ 116,675 $ 120,045 $ 131,111 Our foreign income is primarily driven by our subsidiaries in Australia, Canada, Germany, and the U.K. The statutory tax rates are 30%, 27%, 29%, and 19%, respectively. Significant components of the provision for income taxes are as follows for the years ended December 31: (amounts in thousands) 2020 2019 2018 Federal $ 3,053 $ 5,037 $ (9,760) State 756 935 764 Foreign 30,343 29,264 34,742 Current taxes 34,152 35,236 25,746 Federal (8,134) 11,771 (24,445) State 68 6,620 (12,760) Foreign (997) 3,447 1,401 Deferred taxes (9,063) 21,838 (35,804) Total provision (benefit) for income taxes $ 25,089 $ 57,074 $ (10,058) On December 22, 2017, the Tax Act was enacted in the U.S. The specific provisions of the Tax Act had both direct and indirect impacts on our 2017 and 2018 results and continue to materially affect our financial results as regulations continue to be finalized. As of December 31, 2018, we completed our accounting for the income tax effects of the Tax Act as of the enactment date. As further discussed below, we recognized a tax benefit of $40.2 million in 2018 which effectively reduced the net charges recorded at December 31, 2017. These adjustments were accounted for as a component of income tax expense from continuing operations. The specific adjustments recorded were (i) an increase to the tax expense recorded related to the revaluation of our net deferred tax assets from $21.1 million to $55.3 million resulting in an additional charge to 2018 earnings of $34.2 million, (ii) a reduction of the estimate of the one-time deemed repatriation tax from $11.3 million to zero resulting in a tax benefit recorded in 2018 earnings of $11.3 million, and (iii) a reduction of the additional tax expense recorded related to the premised repatriation of funds from foreign subsidiaries from $65.8 million to $2.7 million resulting in a tax benefit recorded in 2018 earnings of $63.1 million. The Tax Act subjects a U.S. shareholder to current U.S. tax on GILTI earned by certain foreign subsidiaries. GILTI had a material effect on our effective tax rate in 2020, 2019, and 2018 and will likely continue to have such an effect in future periods. The FASB Staff Q&A, Topic 740, No. 5, Accounting for Global Intangible Low-Taxed Income, states that we are permitted to make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or provide for the tax expense related to such income in the year the tax is incurred. We have elected to account for the impact of GILTI in the period in which it is incurred. During 2020, the US Treasury issued final regulations governing the treatment of GILTI under IRC§ 951A. Included in these final regulations was a provision to allow taxpayers to make an annual election to exclude certain foreign income which is subject to a threshold level of tax in their respective foreign jurisdiction from US tax as GILTI (the High Tax Exclusion or “HTE election”). While this HTE election had been outlined in the proposed regulations issued in 2019, the final regulations allowed the election to be applied retroactively to tax years 2018 and 2019. By making this election as well as finalizing other related planning steps, we were able to effectively restore certain tax attributes recorded as deferred tax assets consisting primarily of U.S. net operating losses originally impacted by GILTI resulting in net tax benefit of $10.8 million. The CARES Act, among other things, increased the limitation on the deductibility of business interest to 50% of "adjusted taxable income" for taxable years beginning after December 31, 2018 and before January 1, 2021 and allows taxpayers to elect to compute the limitation on business interest expense for 2020 by using its "adjusted taxable income" from 2019. The CARES Act also suspends the 80% limitation on the deduction of net operating losses for taxable years beginning before January 1, 2021 and enables taxpayers to carry back net operating losses generated in a taxable year beginning after December 31, 2017 and before January 1, 2021 to each of the five preceding taxable years. The CARES Act also contains provisions relating to refundable payroll tax credits, deferment of employer side social security payments, alternative minimum tax credit refunds, and technical corrections, among others. We have considered the impacts of these provisions with respect to certain deferrals of tax and other payments, as well as the enhanced depreciation provisions for qualified improvement property and certain elections relating to interest expense limitations. The significant components of the deferred income tax benefit attributed to income from continuing operations for the year ended December 31, 2020, were the net increases in deferred tax assets related to the HTE election explained above. The significant components of deferred income tax expense attributed to income from continuing operations for the year ended December 31, 2019, were increases to the valuation allowances for deferred tax assets, primarily in the U.S. The significant components of the deferred income tax benefit attributed to income from continuing operations for the year ended December 31, 2018, were the adjustments related to the provisional amounts of the income tax effects of the Tax Act and the additional release of valuation allowances, primarily in the U.S. Reconciliation of the U.S. federal statutory income tax rate to our effective tax rate is as follows for the years ended December 31: 2020 2019 2018 (amounts in thousands) Amount % Amount % Amount % Statutory rate $ 24,502 21.0 $ 25,209 21.0 $ 27,515 21.0 State income tax, net of federal benefit (444) (0.4) 3,180 2.6 (1,207) (0.9) Foreign source dividends and deemed inclusions 11,170 9.6 10,797 9.0 16,295 12.4 Valuation allowance (17,489) (15.0) 10,144 8.4 (85,876) (65.5) Nondeductible expenses 1,653 1.4 1,276 1.1 1,097 0.8 Acquisition of ABS — — — — (10,189) (7.8) Equity based compensation 2,185 1.9 2,526 2.1 54 — Foreign tax rate differential 1,613 1.4 1,964 1.6 3,557 2.7 Tax rate differences and credits 26,001 22.3 (1,867) (1.5) 96,231 73.4 Uncertain tax positions (2,685) (2.3) 1,604 1.3 5,443 4.2 Termination of hedge accounting — — 4,533 3.8 — — U.S. Tax Reform (21,797) (18.7) — — (62,836) (47.9) Disposition of subsidiary — — (2,384) (2.0) — — Other 380 0.3 92 0.1 (142) (0.1) Effective rate for continuing operations $ 25,089 21.5% $ 57,074 47.5% $ (10,058) (7.7)% In 2020, we recorded tax benefit of $10.8 million related to the HTE election and related planning. Specifically, this benefit consisted of 1) benefits directly related to the HTE election of $21.8 million disclosed as U.S. Tax Reform above, 2) reduction of the U.S. valuation allowance in the amount of $20.1 million disclosed as a component of the Valuation Allowance line above, partially offset by 3) tax expense related to a reduction in U.S. foreign tax credit carryforwards totaling $28.0 million, and 4) additional state tax expense related to the adjustments above totaling $3.1 million. In 2019, we recorded tax expense of $4.5 million upon the termination of hedge accounting to relieve the disproportionate tax effect previously in Accumulated Other Comprehensive Income. The tax benefit arising from the disposition of our subsidiary, CMD, is $2.4 million and included in the “Disposition of subsidiary” line in the reconciliation of tax expense table above. In 2018, we recorded a tax benefit of $40.2 million to revise the provisional estimates recorded under the Tax Act. The “U.S. Tax Reform” line in the reconciliation of tax expense above totals $62.8 million and is comprised of tax benefit of $11.3 million for the reduction of the estimated one-time deemed repatriation tax, tax benefit of $85.7 million attributed to the restoration of the Company’s net operating losses, offset by tax expense of $34.2 million for the revaluation of our deferred tax assets. The remaining tax expense is comprised of: additional tax expense of $97.6 million for the reduction of foreign tax credits included in “Tax rate differences and credits”, offset by tax benefit of $75.0 million included above as “Valuation allowance”. In 2018, we recorded a benefit of $10.2 million related to certain tax effects of ABS transitioning to a wholly-owned subsidiary and the tax effects of the gain recognized on the acquisition. Deferred income taxes are provided for the temporary differences between the financial reporting basis and tax basis of our assets, liabilities, and operating loss carryforwards. Significant deferred tax assets and liabilities are as follows as of December 31: (amounts in thousands) 2020 2019 Net operating loss and tax credit carryforwards $ 180,203 $ 199,889 Operating lease liabilities 58,405 54,448 Employee benefits and compensation 53,135 47,760 Accrued liabilities and other 52,057 38,494 Inventory 6,855 5,842 Investments and marketable securities 2,392 2,768 Allowance for doubtful accounts and notes receivable 3,887 1,641 Gross deferred tax assets 356,934 350,842 Valuation allowance (51,847) (67,664) Deferred tax assets 305,087 283,178 Depreciation and amortization (56,844) (55,994) Operating lease assets (56,370) (52,635) Deferred tax liabilities (113,214) (108,629) Net deferred tax assets $ 191,873 $ 174,549 Balance sheet presentation: Long-term assets $ 199,194 $ 183,837 Long-term liabilities (7,321) (9,288) Net deferred tax assets $ 191,873 $ 174,549 Valuation Allowance – The realization of deferred tax assets is based on historical tax positions and estimates of future taxable income. We evaluate both the positive and negative evidence that we believe is relevant in assessing whether we will realize the deferred tax assets. A valuation allowance is recorded when it is more likely than not that some portion of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets depends on the generation of future taxable income during the periods in which those temporary differences are deductible. We consider the scheduled reversal of deferred tax liabilities (including the effect of available carryback and carryforward periods), and projected taxable income in making this assessment. To fully utilize the NOL and tax credits carryforwards, we will need to generate sufficient future taxable income in each respective jurisdiction before the expiration of the deferred tax assets governed by the applicable tax code. Our valuation allowance was $51.8 million as of December 31, 2020, which represents a decrease of $15.8 million from December 31, 2019 and was allocated to continuing operations. The decrease in the valuation allowance primarily relates to a decrease of $20.1 million for U.S. foreign tax credits, partially offset by an increase of $1.1 million for state net operating losses ("NOL") and credits due to the impact of forecasted taxable income in the carry-forward period, an increase of $1.5 million for changes in current year earnings for certain other subsidiaries, and foreign exchange. Our valuation allowance was $67.7 million as of December 31, 2019, which represents an increase of $10.1 million from December 31, 2018 and was allocated to continuing operations. The increase in the valuation allowance primarily relates to an increase of $3.9 million due to expiring foreign tax credits, an increase of $3.6 million for state net operating losses ("NOL") and credits due to the impact of forecasted taxable income in the carry-forward period, an increase of $1.8 million for our Chilean subsidiary, and other changes to existing valuation allowances totaling approximately $0.8 million for changes in current year earnings for certain other subsidiaries and foreign exchange. The following is the activity in our valuation allowance: (amounts in thousands) 2020 2019 2018 Balance as of January 1, $ (67,664) $ (57,571) $ (144,701) Valuation allowances established — (2,001) (260) Changes to existing valuation allowances (2,622) (8,043) 85,828 Release of valuation allowances 20,111 — — Currency translation (1,672) (49) 1,562 Balance as of December 31, $ (51,847) $ (67,664) $ (57,571) Loss Carryforwards – We reduced our income tax payments by utilizing NOL carryforwards of $97.7 million in 2020, $208.0 million in 2019 and $163.7 million in 2018. The 2020 utilization is offset by the restoration of certain NOL’s totaling approximately $203.4 million primarily as a result of the HTE election and related planning as outlined above and differences arising from tax return filings. At December 31, 2020, our federal, state and foreign NOL carryforwards totaled $1,428.9 million, of which $94.1 million does not expire and the remainder expires as follows: (amounts in thousands) 2021 $ 15,323 2022 16,079 2023 29,905 2024 60,070 Thereafter 1,213,430 Total loss carryforwards $ 1,334,807 We utilized approximately $146.2 million of NOL carryforwards in the U.S. in 2018; however, the deferred tax asset related to these NOLs actually increased due to the restoration of certain loss carryforwards upon the finalization of the accounting for effects of the Tax Act. At December 31, 2020, our capital loss carryforwards totaled $22.4 million, which are all foreign and do not expire. Section 382 Net Operating Loss Limitation – On November 20, 2017 and October 3, 2011, we had a change in ownership pursuant to Section 382 of the Code. Under this provision of the Code, the utilization of any of our NOL or tax credit carryforwards, incurred prior to the date of ownership change, may be limited. Analyses of the respective limits for each ownership change indicated no reason to believe the annual limitation would impair our ability to utilize our NOL carryforward or net tax credit carryforwards as provided. We have concluded the limitation under Section 382 should not prevent us from fully utilizing these historical NOLs. Tax Credit Carryforwards – Our tax credit carryforwards expire as follows: (amounts in thousands) EZ Credit R & E credit Foreign Tax Credit Work Opportunity & Welfare to Work Credit State Investment Tax Credits Tip Credit TOTAL 2021 $ — $ 194 $ — $ — $ 24 $ — $ 218 2022 — 173 1,061 — 11 — 1,245 2023 — 14 5,735 — 1,687 — 7,436 2024 — 147 3,514 — 87 — 3,748 2025 — 164 4,863 — 4 — 5,031 Thereafter 68 11,277 3,108 7,326 66 102 21,947 $ 68 $ 11,969 $ 18,281 $ 7,326 $ 1,879 $ 102 $ 39,625 Earnings of Foreign Subsidiaries – Historically, we have not provided for U.S. tax impacts of any unremitted earnings of its foreign subsidiaries. The Tax Act made significant changes to the taxation of undistributed foreign earnings, including that all previously untaxed earnings and profits of our controlled foreign corporations be subjected to a one-time deemed repatriation tax in 2017. In its final analysis of the effects of the Tax Act, the Company provided for U.S. income taxes on approximately $121.0 million of earnings of our foreign subsidiaries deemed to be repatriated. Beginning in 2018, the Tax Act provides for a 100% dividends received deduction for untaxed earnings received from most foreign corporations. The repatriation tax substantially eliminated the basis difference that existed previously for purposes of ASC Topic 740. Although dividend income is now generally exempt from U.S. federal income tax in the hands of U.S. corporate shareholders, the guidance of ASC 740-30 still applies to account for the tax consequences of outside basis differences and other tax impacts of investments in non-U.S. subsidiaries. Although likely not subject to U.S. federal taxation, there are limited other taxes that could continue to apply such as foreign income and withholding as well as certain state taxes. The Company routinely evaluates its indefinite reversal assertion on the outside basis difference in non-U.S. subsidiaries that allows the nonrecognition of associated deferred taxes. As of December 31, 2020, the Company has not recorded deferred tax liabilities or assets for the outside basis difference in any foreign subsidiary. We have concluded that a majority of the unremitted earnings of our foreign subsidiaries are indefinitely reinvested, with certain minor exceptions that do not have an associated tax cost. We hold a combined book-over-tax outside basis difference of $449.4 million in our investment in foreign subsidiaries and may incur up to $22.0 million of local country income and withholding taxes in case of distribution of unremitted earnings. Dual-Rate Jurisdiction – Estonia and Latvia tax the corporate profits of resident corporations at different rates depending upon whether the profits are distributed. The undistributed profits of resident corporations are exempt from taxation while any distributed profits are subject to a 20% corporate income tax rate. The liability for the tax on distributed profits is recorded as an income tax expense in the period in which a dividend is declared. The amount of retained earnings at December 31, 2020 and 2019 for our Estonia subsidiary, which, if distributed, would be subject to this tax was $74.8 million and $69.2 million, respectively. The amount of retained earnings at December 31, 2020 and 2019 for our Latvian subsidiary which, if distributed, would be subject to a 20% corporate income tax rate is $24.3 million and $21.4 million, respectively. Tax Payments and Balances – We made tax payments of $26.8 million in 2020, $32.1 million in 2019, and $49.7 million in 2018 primarily for foreign liabilities. We received tax refunds of $6.4 million in 2020, $5.6 million in 2019, and $3.3 million in 2018 and the primary jurisdictions for which refunds were received in the current year are Australia, Austria, and the U.S. We recorded global receivables for refunds of $4.1 million at December 31, 2020 and $9.0 million at December 31, 2019, which is included in other current assets on the accompanying consolidated balance sheets. We recorded foreign payables for taxes of $11.2 million at December 31, 2020 and $2.0 million at December 31, 2019, which is included in accrued income taxes payable in the accompanying consolidated balance sheets. We do not have any non-current taxes receivable or payable as of December 31, 2020. Accounting for Uncertain Tax Positions – A reconciliation of the beginning and ending amounts of unrecognized tax benefits excluding interest and penalties is as follows: (amounts in thousands) 2020 2019 2018 Balance as of January 1, $ 16,205 $ 15,500 $ 12,616 Increase for tax positions taken during the prior period 1,105 1,383 3,397 Decrease for settlements with taxing authorities (34) (426) (157) (Decrease) increase for tax positions taken during the current period — (38) 300 Decrease due to statute expiration (1,569) — — Other decreases — — (92) Currency translation 1,288 (214) (564) Balance at period end - unrecognized tax benefit 16,995 16,205 15,500 Accrued interest and penalties 5,567 5,671 3,677 $ 22,562 $ 21,876 $ 19,177 The prior period information in the table above has been reclassified to conform with current period presentation. Unrecognized tax benefits were $17.0 million, $16.2 million, and $15.5 million at December 31, 2020, 2019, and 2018, respectively. The changes during the current period relate to the establishment of an uncertain tax positions for accounting method changes and currency translation during the period, offset by the release due to the expiration of applicable statutes of limitation. Interest and penalties related to uncertain tax positions are reported as a component of tax expense and included in the total uncertain tax position balance within deferred credits and other liabilities in the accompanying consolidated balance sheets. A significant portion of our uncertain tax positions relates to the implementation of the Capacity Management Agreements within the European business (“CMA”) which took place in January 1, 2015. The CMA changed the manner in which we manage our manufacturing capacity and the distribution and sale of our products in Europe. The reorganization of our Europe segment was part of our review of our operations structure and management that began in 2014 and resulted in changes in taxable income for certain of our subsidiaries within that reportable segment. Effective January 1, 2015, our subsidiary JELD-WEN U.K. Limited (the “Managing Subsidiary”) entered into an agreement (the “Managing Agreement”) with several of our other subsidiaries in Europe (collectively, the “Operating Subsidiaries”). The Managing Agreement provides that the Managing Subsidiary will receive a fee from the Operating Subsidiaries in exchange for performing various management and decision-making services for the Operating Subsidiaries. As a result, the Managing Agreement shifts certain risks (and correlated benefits) from the Operating Subsidiaries to the Managing Subsidiary. In exchange, the Managing Subsidiary guarantees a specific return to each Operating Subsidiary on a before interest and taxes basis, commensurate with such Operating Subsidiary’s functions and risk profile. While there is no impact on the consolidated reporting of the Europe segment due to the Managing Agreement, there may be changes in taxable income of the Operating Subsidiaries. Therefore, we have reserved for a potential loss resulting from such uncertainty. Included in the balance of unrecognized tax benefits as of December 31, 2020, 2019, and 2018, are $14.5 million, $13.8 million, and $14.2 million, respectively, of tax benefits that, if recognized, would affect the effective tax rate. We cannot reasonably estimate the conclusion of certain non-US income tax examinations and its outcome at this time. We operate in multiple foreign tax jurisdictions and are generally open to examination for tax years 2015 and forward. In the U.S., we are open to examination at the federal level for tax years 2013 and forward and at state and local jurisdictions for tax years 2015 and forward. We are under examination in Austria, the Czech Republic, Denmark, Germany, Hong Kong, Hungary, Indonesia, Latvia, Switzerland, and the United Kingdom for tax years 2011 through 2017, and generally remain open to examination for other non-US jurisdictions for tax years 2015 forward.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information We report our segment information in the same way management internally organizes the business in assessing performance and making decisions regarding allocation of resources in accordance with ASC 280-10- Segment Reporting . We determined that we have three reportable segments, organized and managed principally by geographic region. Our reportable segments are North America, Europe, and Australasia. We report all other business activities in Corporate and unallocated costs. Factors considered in determining the three reportable segments include the nature of business activities, the management structure accountable directly to the CODM, the discrete financial information available and the information regularly reviewed by the CODM. Management reviews net revenues and Adjusted EBITDA to evaluate segment performance and allocate resources. We define Adjusted EBITDA as net income (loss), adjusted for the following items: loss from discontinued operations, net of tax; equity earnings of non-consolidated entities; income tax (benefit) expense; depreciation and amortization; interest expense, net; impairment and restructuring charges; gain on previously held shares of equity investment; (gain) loss on sale of property and equipment; share-based compensation expense; non-cash foreign exchange transaction/translation (income) loss; other items; other non-cash items; and costs related to debt restructuring and debt refinancing. The following tables set forth certain information relating to our segments’ operations: (amounts in thousands) North Europe Australasia Total Operating Corporate Total Year Ended December 31, 2020 Total net revenues $ 2,529,960 $ 1,189,974 $ 529,882 $ 4,249,816 $ — $ 4,249,816 Intersegment net revenues (967) (2,197) (10,975) (14,139) — (14,139) Net revenues from external customers $ 2,528,993 $ 1,187,777 $ 518,907 $ 4,235,677 $ — $ 4,235,677 Depreciation and amortization $ 77,361 $ 29,712 $ 19,341 $ 126,414 $ 8,209 $ 134,623 Impairment and restructuring charges 3,164 3,682 320 7,166 3,303 10,469 Adjusted EBITDA 315,952 136,363 62,449 514,764 (68,350) 446,414 Capital expenditures 34,815 32,353 10,207 77,375 19,521 96,896 Segment assets $ 1,498,778 $ 1,152,251 $ 598,411 $ 3,249,440 $ 715,245 $ 3,964,685 Year Ended December 31, 2019 Total net revenues $ 2,535,810 $ 1,178,589 $ 585,341 $ 4,299,740 $ — $ 4,299,740 Intersegment net revenues (1,474) (148) (8,357) (9,979) — (9,979) Net revenues from external customers $ 2,534,336 $ 1,178,441 $ 576,984 $ 4,289,761 $ — $ 4,289,761 Depreciation and amortization $ 81,905 $ 28,944 $ 17,787 $ 128,636 $ 5,333 $ 133,969 Impairment and restructuring charges 7,301 6,182 7,111 20,594 957 21,551 Adjusted EBITDA 267,335 116,193 74,484 458,012 (42,974) 415,038 Capital expenditures 46,799 23,611 32,619 103,029 33,163 136,192 Segment assets $ 1,530,135 $ 974,076 $ 510,845 $ 3,015,056 $ 366,276 $ 3,381,332 Year Ended December 31, 2018 Total net revenues $ 2,462,914 $ 1,216,204 $ 681,160 $ 4,360,278 $ — $ 4,360,278 Intersegment net revenues (1,281) (905) (11,245) (13,431) — (13,431) Net revenues from external customers $ 2,461,633 $ 1,215,299 $ 669,915 $ 4,346,847 $ — $ 4,346,847 Depreciation and amortization $ 71,945 $ 31,132 $ 17,730 $ 120,807 $ 4,293 $ 125,100 Impairment and restructuring charges 4,933 6,111 7,170 18,214 (886) 17,328 Adjusted EBITDA 279,526 122,810 90,885 493,221 (34,003) 459,218 Capital expenditures 57,805 25,369 12,146 95,320 23,380 118,700 Segment assets $ 1,355,101 $ 898,901 $ 482,493 $ 2,736,495 $ 311,030 $ 3,047,525 Reconciliations of net income to Adjusted EBITDA are as follows: Year Ended (amounts in thousands) 2020 2019 2018 Net income $ 91,586 $ 62,971 $ 141,907 Equity earnings of non-consolidated entities — — (738) Income tax expense (benefit) 25,089 57,074 (10,058) Depreciation and amortization 134,623 133,969 125,100 Interest expense, net 74,800 71,778 70,818 Impairment and restructuring charges (1) 10,732 22,748 17,328 Gain on previously held shares of equity investment — — (20,767) (Gain) loss on sale of property and equipment (4,153) 1,745 144 Share-based compensation expense 16,399 13,315 15,052 Non-cash foreign exchange transaction/translation loss (income) 12,904 3,438 (1,267) Other items (2) 84,282 47,266 117,546 Costs relating to debt restructuring and debt refinancing 170 — 294 Other non-cash items (3) (18) 734 3,859 Adjusted EBITDA $ 446,414 $ 415,038 $ 459,218 (1) Impairment and restructuring charges consist of (i) impairment and restructuring charges that are included in our accompanying audited consolidated statements of operations plus (ii) additional charges relating to inventory and/or manufacturing of our products that are included in cost of sales in our accompanying audited consolidated statements of operations $263, $1,197, and $0 for the years ended December 31, 2020, 2019, and 2018, respectively. For further explanation of impairment and restructuring charges that are included in our consolidated statements of operations, see Note 20 - Impairment and Restructuring Charges in our financial statements. (2) Other non-recurring items not core to ongoing business activity include: (i) i n the year ended December 31, 2020 (1) $67,130 in legal costs and accruals and professional expenses relating primarily to litigation, (2) $7,467 in expenses related to environmental matters, (3) $6,724 in facility closure, consolidation, and startup costs , (4) $1,235 one-time lease termination charges, and (5) $1,142 of realized losses on hedges of intercompany notes; (ii) i n the year ended December 31, 2019, (1) $19,147 in facility closure, consolidation, and startup costs, (2) $14,963 in acquisition and integration costs including $7,077 related to purchase price structured by the former owners as retention payments for key employees of a recent acquisition, (3) $12,860 in legal costs and professional expenses relating primarily to litigation, (4) ($3,053) of realized gains on hedges of intercompany notes, (5) $1,893 in miscellaneous costs, (6) $731 in equity compensation to employees in our Australasia region, and (7) $725 in costs related to departure of former executives; (iii) i n the year ended December 31, 2018, (1) $76,500 in litigation contingency accruals, (2) $26,529 in legal costs and professional expenses relating primarily to litigation, (3) $10,324 in acquisition and integration costs, (4) ($5,396) of realized gains on hedges of intercompany notes, (5) $3,856 in costs related to the departure of former executives, (6) $2,901 in entity consolidation and reorganization costs , (7) $2,347 in miscellaneous costs, and (8) $485 in stock compensation payroll taxes. (3) Other non-cash items include $734 and $3,740 for inventory adjustments in the years ended December 31, 2019 and December 31, 2018, respectively. The prior period information has been reclassified to conform with current period presentation. Net revenues by locality are as follows for the years ended December 31,: (amounts in thousands) 2020 2019 2018 Net revenues by location of external customer Canada $ 188,041 $ 187,095 $ 201,134 U.S. 2,322,079 2,327,186 2,228,748 South America (including Mexico) 22,323 29,637 34,422 Europe 1,212,810 1,195,207 1,239,732 Australia 485,852 544,140 634,976 Africa and other 4,572 6,496 7,835 Total $ 4,235,677 $ 4,289,761 $ 4,346,847 Geographic information regarding property, plant, and equipment which exceed 10% of consolidated property, plant, and equipment used in continuing operations is as follows for the years ended December 31,: (amounts in thousands) 2020 2019 2018 U.S. $ 469,092 $ 485,278 $ 459,506 Other 27,722 28,096 24,911 North America 496,814 513,374 484,417 Europe 203,424 181,390 181,038 Australia 118,778 115,335 113,922 Other 32,944 28,786 10,297 Australasia 151,722 144,121 124,219 Corporate (U.S.) 20,625 25,490 53,729 Total property and equipment, net $ 872,585 $ 864,375 $ 843,403

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Capital Stock	Capital Stock Preferred Stock - Our Board of Directors is authorized to issue Preferred Stock from time to time in one or more series and with such rights, privileges, and preferences as the Board of Directors shall from time to time determine. We have not issued any shares of Preferred Stock. Common Stock - Common Stock includes the basis of shares outstanding plus amounts recorded as additional paid-in capital. Shares outstanding exclude the shares issued to the Employee Benefit Trust that are considered similar to treasury shares and total 193,941 shares at both December 31, 2020 and December 31, 2019 with a total original issuance value of $12.4 million. We record share repurchases on their trade date and reduce shareholders’ equity and increase accounts payable. Repurchased shares are retired, and the excess of the repurchase price over the par value of the shares is charged to retained earnings. In April 2018, our Board of Directors authorized the repurchase of up to $250.0 million of our Common Stock through December 2019. On November 4, 2019, the Board of Directors authorized an increase to the remaining authorization under the share repurchase program to a total of $175.0 million with no expiration date. As of December 31, 2020, $170.0 million was remaining under the repurchase authorization.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The basic and diluted income per share calculations were determined based on the following share data : 2020 2019 2018 Weighted average outstanding shares of Common Stock basic 100,633,392 100,618,105 104,530,572 Restricted stock units, performance share units, and options to purchase Common Stock 1,048,589 846,220 1,830,085 Weighted average outstanding shares of Common Stock diluted 101,681,981 101,464,325 106,360,657 The following table provides the securities that could potentially dilute basic earnings per share in the future but were not included in the computation of diluted income per share as their inclusion would be anti-dilutive: 2020 2019 2018 Common Stock options 1,721,921 1,657,437 1,019,930 Restricted stock units 367,461 50,113 87,720 Performance share units 249,084 9,704 84,809

Stock Compensation

Stock Compensation	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock Compensation	Stock Compensation Prior to the IPO, our Amended and Restated Stock Incentive Plan, (the “Stock Incentive Plan”), allowed us to offer common options, B-1 common options and common RSUs for the benefit of our employees, affiliate employees and key non-employees. Under the Stock Incentive Plan, we could award up to an aggregate of 2,761,000 common shares and 4,732,200 B-1 common shares. The Stock Incentive Plan provided for accelerated vesting of awards upon the occurrence of certain events. Through December 31, 2016, we issued 5,156,976 options and 385,220 RSUs under the Stock Incentive Plan. In connection with our IPO, the Board adopted, and our shareholders approved, the JELD-WEN Holding, Inc. 2017 Omnibus Equity Plan, (the “Omnibus Equity Plan”). Under the Omnibus Equity Plan, equity awards may be made in respect of 7,500,000 shares of our Common Stock and may be granted in the form of options, restricted stock, RSUs, stock appreciation rights, dividend equivalent rights, share awards, and performance-based awards (including performance share units and performance-based restricted stock). Share-based compensation expense included in SG&A expenses totaled $16.4 million, $13.3 million, and $15.1 million in 2020, 2019, and 2018, respectively. There were no material related tax benefits for the years ended December 31, 2020, December 31, 2019, and December 31, 2018. As of December 31, 2020, there was $24.4 million of total unrecognized compensation expense related to non-vested share-based compensation arrangements. This cost is expected to be recognized over the remaining weighted-average vesting period of 1.8 years. Stock Options – Generally, stock option awards vest ratably each year on the anniversary date over a 3 to 5-year period, have an exercise term of 10 years, and any vested options must be exercised within 90 days of the employee leaving the Company. The compensation cost of option awards is charged to expense based upon the graded-vesting method over the vesting periods applicable to the option awards. The graded-vesting method provides for vesting of portions of the overall awards at interim dates and results in greater expense in earlier years than the straight-line method. When options are granted, we calculate the fair value of common and Class B-1 Common Stock options using multiple Black-Scholes option valuation models. Expected volatilities are based upon a selection of public guideline companies. The risk-free rate was based upon U.S. Treasury rates. Key assumptions used in the valuation models were as follows for the years ended December 31: 2020 2019 2018 Expected volatility 37.52% - 37.66% 37.90% - 40.02% 34.81% -39.68% Expected dividend yield rate 0.00% 0.00% 0.00% Weighted average term (in years) 5.5 - 6.5 5.5 - 6.5 5.5 - 6.5 Weighted average grant date fair value $9.45 $8.32 $12.98 Risk free rate 1.39% - 1.44% 1.79% - 2.50% 2.04% - 2.96% The following table represents stock option activity: Shares Weighted Average Exercise Price Per Share Aggregate Intrinsic Value (millions) Weighted Average Remaining Contract Term in Years Outstanding as of January 1, 2018 4,926,668 $ 14.56 Granted 838,912 32.16 Exercised (1,548,484) 13.79 Forfeited (884,391) 18.80 Balance as of December 31, 2018 3,332,705 $ 18.22 Granted 443,170 20.94 Exercised (641,706) 10.56 Forfeited (301,370) 26.07 Balance as of December 31, 2019 2,832,799 $ 19.55 Granted 407,607 24.30 Exercised (335,553) 12.27 Forfeited (273,022) 27.53 Balance as of December 31, 2020 2,631,831 $ 20.41 $ 16.5 5.6 Exercisable as of December 31, 2020 1,781,797 $ 18.47 $ 14.7 4.3 RSUs – RSUs are subject to the continued service of the recipient through the vesting date, which is generally 1 to 5 years from issuance. Once vested, the recipient will receive one share of Common Stock for each restricted stock unit. The grant-date fair value per share used for RSUs was determined using the closing price of our Common Stock on the NYSE on the date of the grant. We apply this grant-date fair value per share to the total number of shares that we anticipate will fully vest and amortize the fair value to compensation expense over the vesting period using the straight-line method. In February 2018, we granted 314,267 RSUs to our then Chairman of the Board and interim CEO which vested daily through the first anniversary of the date of grant, subject to continuous employment. On June 30, 2018, 208,364 RSUs were forfeited at the end of his interim service. The following table represents RSU activity: Shares Weighted Average Grant-Date Fair Value Per Share Outstanding as of January 1, 2018 562,368 $ 27.51 Granted 766,927 29.14 Vested (124,560) 25.21 Forfeited (530,867) 29.69 Balance as of December 31, 2018 673,868 $ 28.07 Granted 952,801 20.07 Vested (232,666) 30.08 Forfeited (154,498) 23.38 Balance as of December 31, 2019 1,239,505 $ 22.13 Granted 865,091 19.62 Vested (138,245) 26.22 Forfeited (179,554) 23.63 Balance as of December 31, 2020 1,786,797 $ 21.43 PSUs – In 2018, 2019, and 2020, we issued PSUs pursuant to the Omnibus Equity Plan. The PSUs are subject to continued employment of the recipient through the vesting date, which is on the third anniversary of the grant. Once vested, the recipient will receive one share of Common Stock for each vested PSU. The number of PSUs that vest is determined by a payout factor consisting of equally weighted performance measures of Adjusted EBITDA and free cash flow, each as reported over the applicable three year performance period and is adjusted based upon a market condition measured by our relative total shareholder return (“TSR”) over the applicable three year performance period as compared to the TSR of the Russell 3000 index. The fair value of the award is estimated using a Monte Carlo simulation approach in a risk-neutral framework to model future stock price movements based on historical volatility, risk free rates of return, and correlation matrix. The following table represents PSU activity for the awarded shares at target performance measures: Shares Weighted Average Grant-Date Fair Value Per Share Outstanding as of January 1, 2018 — $ — Granted 193,763 31.60 Forfeited (19,093) 33.31 Balance as of December 31, 2018 174,670 $ 31.41 Granted 401,935 22.21 Forfeited (65,832) 25.24 Balance as of December 31, 2019 510,773 $ 24.97 Granted 311,275 25.50 Forfeited (77,585) 25.96 Balance as of December 31, 2020 744,463 $ 25.09

Impairment and Restructuring Ch

Impairment and Restructuring Charges	12 Months Ended
	Dec. 31, 2020
Restructuring and Related Activities [Abstract]
Impairment and Restructuring Charges	Impairment and Restructuring Charges During 2020, 2019, and 2018, we engaged in restructuring activities intended to improve productivity, operating margins, and working capital levels. Restructuring costs primarily relate to workforce reductions, repositioning of management structure, and costs associated with plant consolidations and closures. Asset impairment charges were recorded in addition to our restructuring costs. In the year ended December 31, 2020, impairment charges primarily related to capitalized costs of certain ERP modules due to delays in implementation and uncertainty of their future use. In the year ended December 31, 2019, impairment charges were primarily related to ROU assets and property and equipment held by operations impacted by restructuring. During 2018, lease costs were recorded within other exit costs in the tales below in accordance with effective restructuring and leasing guidance during the time period. (amounts in thousands) North Europe Australasia Corporate Total Year Ended December 31, 2020 Severance costs $ 2,057 $ 2,503 $ 564 $ (10) $ 5,114 Other exit costs (1) 235 (370) (46) (182) Total restructuring costs 2,056 2,738 194 (56) 4,932 Impairments 1,108 944 126 3,359 5,537 Total impairment and restructuring charges $ 3,164 $ 3,682 $ 320 $ 3,303 $ 10,469 Year Ended December 31, 2019 Severance costs $ 3,595 $ 5,391 $ 3,542 $ 1,012 $ 13,540 Other exit costs (220) 634 1,027 (55) 1,386 Total restructuring costs 3,375 6,025 4,569 957 14,926 Impairments 3,926 157 2,542 — 6,625 Total impairment and restructuring charges $ 7,301 $ 6,182 $ 7,111 $ 957 $ 21,551 Year Ended December 31, 2018 Severance costs $ 2,779 $ 5,877 $ 2,884 $ 226 $ 11,766 Other exit costs 1,460 256 4,286 (1,670) 4,332 Total restructuring costs 4,239 6,133 7,170 (1,444) 16,098 Impairments 694 (22) — 558 1,230 Total impairment and restructuring charges $ 4,933 $ 6,111 $ 7,170 $ (886) $ 17,328 The following is a summary of the restructuring accruals recorded and charges incurred: (amounts in thousands) Beginning Additions Payments Ending December 31, 2020 Severance costs $ 5,314 $ 5,114 $ (9,096) $ 1,332 Other exit costs 1,729 (182) (1,502) 45 Total $ 7,043 $ 4,932 $ (10,598) $ 1,377 December 31, 2019 Severance costs $ 5,352 $ 13,540 $ (13,578) $ 5,314 Other exit costs 3,287 1,386 (2,944) 1,729 Total $ 8,639 $ 14,926 $ (16,522) $ 7,043 December 31, 2018 Severance costs $ 7,232 $ 11,766 $ (13,646) $ 5,352 Other exit costs 3,807 4,332 (4,852) 3,287 Total $ 11,039 $ 16,098 $ (18,498) $ 8,639 Further detail regarding restructuring accruals is disclosed within Note 11- Accrued Expenses and Other Current Liabilities and Note 14 - Deferred Credits and Other Liabilities

Interest Expense

Interest Expense	12 Months Ended
	Dec. 31, 2020
Other Income and Expenses [Abstract]
Interest Expense	Interest ExpenseInterest expense is net of capitalized interest. Capitalized interest incurred during the construction phase of significant property and equipment additions totaled $1.0 million, $2.5 million, and $1.8 million in 2020, 2019, and 2018, respectively. We made interest payments of $71.7 million, $71.2 million, and $68.9 million in 2020, 2019 and 2018, respectively. Interest expense also includes amortization of debt issuance costs that are amortized using the effective interest method and amortization of original issue discounts.

Other Income

Other Income	12 Months Ended
	Dec. 31, 2020
Other Income and Expenses [Abstract]
Other Income	Other Income The table below summarizes the amounts included in other income in the accompanying consolidated statements of operations: (amounts in thousands) 2020 2019 2018 Foreign currency losses (gains) $ 11,858 $ (7,361) $ (11,258) Governmental pandemic assistance reimbursement (7,377) — — (Gain) loss on sale of business units, property, and equipment (4,122) (1,506) 556 Pension expense 1,646 10,738 6,975 Insurance reimbursement (1,388) — — Other items (3,369) (2,033) (2,852) Legal settlement income — (1,247) (7,541) Gain on previously held shares of an equity investment — — (20,767) Total other income $ (2,752) $ (1,409) $ (34,887) Governmental pandemic assistance reimbursement for the year ended December 31, 2020 primarily consisted of cash received from governmental pandemic assistance programs within our North America and Europe segments as a result of COVID-19. The gain on previously held shares of an equity investment relates to an equity method investment that was remeasured on the date we acquired the company in 2018.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Foreign currency derivatives – We are exposed to the impact of foreign currency fluctuations in certain countries in which we operate. In most of these countries, the exposure to foreign currency movements is limited because the operating revenues and expenses of our business units are substantially denominated in the local currency. To the extent borrowings, sales, purchases, or other transactions are not executed in the local currency of the operating unit, we are exposed to foreign currency risk. To mitigate the exposure, we enter into a variety of foreign currency derivative contracts, such as forward contracts, option collars, and cross-currency hedges. To manage the effect of exchange fluctuations on forecasted sales, purchases, acquisitions, inventory and capital expenditures, and certain intercompany transactions that are denominated in foreign currencies, we have foreign currency derivative contracts with a total notional amount of $96.6 million. We have foreign currency derivative contracts, with a total notional amount of $23.7 million, to hedge the effects of translation gains and losses on intercompany loans and interest. To mitigate the impact to the consolidated earnings of the Company from the effect of the translation of certain subsidiaries’ local currency results into U.S. dollars, we have foreign currency derivative contracts with a total notional amount of $55.7 million. We do not use derivative financial instruments for trading or speculative purposes. We have not elected hedge accounting for any foreign currency derivative contracts. We record mark-to-market changes in the values of these derivatives in other (income) expense. We recorded mark-to-market losses of $5.4 million in the year ended December 31, 2020, losses of $9.8 million in the year ended December 31, 2019, and gains of $7.8 million in the year ended December 31, 2018. Interest rate derivatives – We are exposed to interest rate risk in connection with our variable rate long-term debt and partially mitigate this risk through interest rate derivatives such as swaps and caps. In May 2020, we entered into interest rate swap agreements to manage this risk. The interest rate swaps have outstanding notional amounts aggregating to $370.0 million and mature in December 2023 with a weighted average fixed rate of 0.395% paid against one-month LIBOR floored at 0.00%. The interest rate swap agreements are designated as cash flow hedges and will effectively fix the interest rate on a corresponding portion of the aggregate debt outstanding under our Term Loan Facility. No portion of these interest rate contracts were deemed ineffective during the year ended December 31, 2020. We recorded a cumulative pre-tax mark-to-market loss of $2.3 million, offset by a cumulative tax benefit of $0.6 million in consolidated other comprehensive income during the year ended December 31, 2020. We reclassified $0.5 million previously recorded in other comprehensive income to interest expense and $0.1 million as a benefit to income tax expense, resulting in a $0.4 million decrease in net income during the year ended December 31, 2020, respectively. As of December 31, 2020, approximately $1.0 million is expected to be reclassified to interest expense over the next 12 months. The derivative agreements with our swap counterparties contain a provision whereby we could be declared in default on our derivative obligations if we either default or, in certain cases, are capable of being declared in default of any of our indebtedness greater than specified thresholds. These agreements also contain a provision where we could be declared in default subsequent to a merger or restructuring type event if the creditworthiness of the resulting entity is materially weaker. During the first quarter of 2019, we entered into two interest rate cap contracts against three-month U.S.-dollar LIBOR, each with a cap rate of 3.00%. These caps have a combined notional amount of $150.0 million, were effective as of March 2019, and terminate in December 2021. We have not elected hedge accounting and have recorded insignificant mark-to-market adjustments in the year ended December 31, 2020 and December 31, 2019. In conjunction with the December 2017 refinancing of the Term Loan Facility, we terminated all of the interest rate swaps which had outstanding notional amounts aggregating to $914.3 million and recorded a loss on termination of $3.6 million in consolidated other comprehensive income (loss), which was being amortized as interest expense over the pre-termination life of the interest rate swaps. As of December 31, 2019, the loss on termination was fully amortized. The unamortized, pre-tax balance of this loss recorded in consolidated comprehensive income (loss) was $1.3 million at December 31, 2018. We recorded interest expense deriving from the amortization of the loss on termination of interest rate swaps of $1.3 million and $2.1 million during the year ended December 31, 2019 and 2018, respectively. The fair values of derivative instruments held are as follows: Derivative assets (amounts in thousands) Balance Sheet Location December 31, 2020 December 31, 2019 Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ 542 $ 1,372 Interest rate cap contracts Other assets $ — $ 6 Derivatives liabilities (amounts in thousands) Balance Sheet Location December 31, 2020 December 31, 2019 Derivatives designated as hedging instruments: Interest rate contracts Accrued expenses and other current liabilities $ 955 $ — Interest rate contracts Deferred credits and other liabilities $ 897 $ — Derivatives not designated as hedging instruments: Foreign currency forward contracts Accrued expenses and other current liabilities $ 8,823 $ 4,068

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments We record financial assets and liabilities at fair value based on FASB guidance related to fair value measurements. The guidance requires fair value to be determined based on the exchange 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 at the measurement date. Three levels of inputs may be used to measure fair value: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Quoted market-based inputs or unobservable inputs that are corroborated by market data. Level 3 – Unobservable inputs that are not corroborated by market data. The recorded carrying amounts and fair values of these instruments were as follows: December 31, 2020 (amounts in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Assets measured at NAV (1) Assets: Cash equivalents $ 380,236 $ 380,236 $ — $ 380,236 $ — $ — Derivative assets, recorded in other current assets 542 542 — 542 — — Pension plan assets: Cash and short-term investments 8,157 8,157 — 8,157 — — U.S. Government and agency obligations 25,629 25,629 25,629 — — — Corporate and foreign bonds 118,458 118,458 — 118,458 — — Equity securities 33,099 33,099 33,099 — — — Mutual funds 78,810 78,810 — 78,810 — — Common and collective funds 144,171 144,171 — — — 144,171 Liabilities: Debt, recorded in long-term debt and current maturities of long-term debt $ 1,781,351 $ 1,834,057 $ — $ 1,834,057 $ — $ — Derivative liabilities, recorded in accrued expenses and other current liabilities 9,778 9,778 — 9,778 — — Derivative liabilities, recorded in deferred credits and other liabilities 897 897 — 897 — December 31, 2019 (amounts in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Assets measured at NAV (1) Assets: Cash equivalents $ — $ — $ — $ — $ — $ — Derivative assets, recorded in other current assets 1,372 1,372 — 1,372 — — Derivative assets, recorded in other assets 6 6 — 6 — — Pension plan assets: Cash and short-term investments 8,787 8,787 — 8,787 — — U.S. Government and agency obligations 25,206 25,206 25,206 — — — Corporate and foreign bonds 104,430 104,430 — 104,430 — — Equity securities 28,249 28,249 28,249 — — — Mutual funds 70,230 70,230 — 70,230 — — Common and collective funds 132,600 132,600 — — — 132,600 Liabilities: Debt, recorded in long-term debt and current maturities of long-term debt $ 1,528,146 $ 1,554,425 $ — $ 1,554,425 $ — $ — Derivative liabilities, recorded in accrued expenses and other current assets 4,068 4,068 — 4,068 — — (1) Certain pension assets that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. These include investments in large cap equity and commingled real estate funds, which are valued using the NAV provided by the administrator of the funds. Redemption of these funds is not subject to restriction. Derivative assets and liabilities reported in level 2 include foreign currency and interest rate contracts. See Note 23- Derivative Financial Instruments for additional information about our derivative assets and liabilities. There are no material non-financial assets or liabilities as of December 31, 2020 or December 31, 2019.

Commitment and Contingencies

Commitment and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation – We are involved in various legal proceedings, claims, and government audits arising in the ordinary course of business. We record our best estimate of a loss when the loss is considered probable and the amount of such loss can be reasonably estimated. When a loss is probable and there is a range of estimated loss with no best estimate within the range, we record the minimum estimated liability related to the lawsuit or claim. As additional information becomes available, we reassess the potential liability and revise our accruals, if necessary. Because of uncertainties related to the resolution of lawsuits and claims, the ultimate outcome may differ materially from our estimates. Other than the matters described below, as of December 31, 2020, there are no current proceedings or litigation matters involving the Company or its property that we believe would have a material adverse effect on our consolidated financial position or cash flows, although they could have a material adverse effect on our operating results for a particular reporting period. Steves & Sons, Inc. vs JELD-WEN, Inc. – We sell molded door skins to certain customers pursuant to long-term contracts, and these customers in turn use the molded door skins to manufacture interior doors and compete directly against us in the marketplace. We gave notice of termination of one of these contracts and, on June 29, 2016, the counterparty to the agreement, Steves and Sons, Inc. (“Steves”) filed a claim against JWI in the U.S. District Court for the Eastern District of Virginia, Richmond Division (“Eastern District of Virginia”). The complaint alleged that our acquisition of CMI, a competitor in the molded door skins market, together with subsequent price increases and other alleged acts and omissions, violated antitrust laws, and constituted a breach of contract and breach of warranty. Specifically, the complaint alleged that our acquisition of CMI substantially lessened competition in the molded door skins market. The complaint sought declaratory relief, ordinary and treble damages, and injunctive relief, including divestiture of certain assets acquired in the CMI acquisition. In February 2018, a jury in the Eastern District of Virginia returned a verdict that was unfavorable to JWI with respect to Steves’ claims that our acquisition of CMI violated Section 7 of the Clayton Act and found that JWI breached the supply agreement between the parties (the “Original Action”). The verdict awarded Steves $12.2 million for past damages under both the Clayton Act and breach of contract claims and $46.5 million in future lost profits under the Clayton Act claim. During the course of the proceedings in the Eastern District of Virginia, we discovered certain facts that led us to conclude that Steves, its principals, and certain former employees of the Company had misappropriated Company trade secrets, violated the terms of various agreements between the Company and those parties, and violated other laws. On May 11, 2018, a jury in the Eastern District of Virginia returned a verdict on our trade secrets claims against Steves and awarded damages in the amount of $1.2 million. The presiding judge entered a judgment in our favor for those damages and the entire amount has been paid by Steves. On August 16, 2019, the presiding judge granted Steves’ request for an injunction, prohibiting us from pursuing certain claims against individual defendants pending in Bexar County, Texas (the “Steves Texas Trade Secret Theft Action”). These claims have been stayed pending appeal. On March 13, 2019, the presiding judge entered an Amended Final Judgment Order in the Original Action, awarding $36.5 million in past damages under the Clayton Act (representing a trebling of the jury’s verdict) and granting divestiture of CMI, subject to appeal. The judgment also conditionally awarded damages in the event the judgment was overturned on appeal. Specifically, the court awarded $139.4 million as future antitrust damages in the event the divestiture order was overturned on appeal and $9.9 million as past contract damages in the event both the divestiture and antitrust claims were overturned on appeal. On April 12, 2019, the plaintiffs filed a petition requesting an award of their fees and a bill of costs seeking $28.4 million in attorneys’ fees and $1.7 million in costs in connection with the Original Action. That petition remains pending and subject to further appeal. On November 19, 2019, the presiding judge entered an order for further relief awarding Steves an additional $7.1 million in damages for pricing differences from the date of the underlying jury verdict through May 31, 2019 (the “Pricing Action”). We also appealed that ruling. On April 14, 2020, Steves filed a motion for further supplemental relief for pricing differences from the date of the prior order and going forward through the end of the parties’ current supply agreement (the “Future Pricing Action”). We opposed that request for further relief. JELD-WEN filed a supersedeas bond and notice of appeal of the judgment, which was heard by the Fourth Circuit Court of Appeals (the “Fourth Circuit”) on May 29, 2020. On February 18, 2021, the Fourth Circuit issued its decision on appeal in the Original Action, affirming the Amended Final Judgment Order in part and vacating and remanding in part. The Fourth Circuit vacated the Eastern District of Virginia’s alternative $139.4 million lost-profits award, holding that award was premature because Steves has not suffered the purported injury on which its claim for future lost profits rests. The Fourth Circuit also vacated the Eastern District of Virginia’s judgment for Sam Steves, Edward Steves, and John Pierce on JELD-WEN’s trade secrets claims, which will allow JELD-WEN to continue pursuing the Texas Trade Secrets Theft Action. The Fourth Circuit affirmed the Eastern District of Virginia’s finding of antitrust injury and its award of $36.5 million in past antitrust damages, which continues to accrue post-judgment interest. It also affirmed the Eastern District of Virginia’s divestiture order, while clarifying that JELD-WEN retains the right to challenge the terms of any divestiture, including whether a sale to any particular buyer will serve the public interest, and made clear that the Eastern District of Virginia may need to revisit its divestiture order if the special master cannot locate a satisfactory buyer. We continue to believe that Steves’ claims lack merit and Steves is not entitled to the extraordinary remedy of divestiture of CMI. We believe that multiple pretrial and trial rulings were erroneous and improperly limited the Company’s defenses and that the judgment in accordance with the verdict was improper for several reasons under applicable law, and we intend to pursue appellate remedies available to us. It is not possible to estimate the impact of any final divestiture order if ultimately upheld, or whether such an order would have a material adverse effect on our financial position, operating results, or cash flows. During the pendency of the Original Action, on February 14, 2020, Steves filed a complaint and motion for preliminary injunction in the Eastern District of Virginia alleging that we breached the long-term supply agreement between the parties, among other claims, including by incorrectly calculating the allocation of door skins owed to Steves (the “Allocation Action”). Steves sought an additional allotment of door skins and damages for violation of antitrust laws, tortious interference, and breach of contract. On April 10, 2020, the presiding judge granted Steves’ motion for preliminary injunction and the parties settled the issues underlying the preliminary injunction on April 30, 2020 and reserved the right to appeal the ruling in the Fourth Circuit Court of Appeals. The Company believed all the claims lacked merit and moved to dismiss the antitrust and tortious interference claims. On June 2, 2020, we entered into a settlement agreement with Steves to resolve the Pricing Action, the Future Pricing Action, and the Allocation Action. As a result of the settlement, Steves filed a notice of satisfaction of judgment in the Pricing Action, withdrew its Future Pricing Action with prejudice, and filed a stipulated dismissal with prejudice in the Allocation Action. The Company also withdrew its appeal of the Pricing Action. The parties agreed to bear their own respective attorneys’ fees and costs in these actions. In partial consideration of the settlement, JWI and Steves entered into an amended supply agreement satisfactory to both parties that ends on September 10, 2021. This settlement had no effect on the Original Action between the parties except to agree that certain specific terms of the Amended Final Judgment Order in the Original Action will apply to the amended supply agreement during the pendency of the appeal of the Original Action, nor does this settlement have any effect on the Steves Texas Trade Secret Theft Action, which remains on appeal in the Fourth Circuit. We continue to believe the claims in the settled actions lacked merit and made no admission of liability in these matters. Cambridge Retirement System v. JELD-WEN Holding, Inc., et al. – On February 19, 2020, Cambridge Retirement System filed a putative class action lawsuit in the U.S. District Court for the Eastern District of Virginia against the Company, current and former Company executives, and various Onex-related entities alleging violations of Section 10(b) and Rule 10b-5 of the Exchange Act, as well as violations of Section 20(a) of the Exchange Act against the individual defendants and Onex-related entities. The lawsuit seeks compensatory damages, equitable relief and an award of attorneys’ fees and costs. The Company believes the claims lack merit and intends to vigorously defend against the action. On May 8, 2020, the Public Employees Retirement System of Mississippi and the Plumbers and Pipefitters National Pension Fund were named as co-lead plaintiffs and filed an amended complaint on June 22, 2020. We filed a motion to dismiss the amended complaint on July 29, 2020, which was denied on October 26, 2020. Discovery is ongoing, and trial in this matter is currently set for July 12, 2021. In re Interior Molded Doors Antitrust Litigation – On October 19, 2018, Grubb Lumber Company, on behalf of itself and other similarly situated, filed a putative class action lawsuit against us and one of our competitors in the doors market, Masonite Corporation (“Masonite”), in the Eastern District of Virginia. We subsequently received additional complaints from and on behalf of direct and indirect purchasers of interior molded doors. The suits were consolidated into two separate actions, a Direct Purchaser Action and an Indirect Purchaser Action. The suits allege that Masonite and JELD-WEN violated Section 1 of the Sherman Act, and in the Indirect Purchaser Action, related state law antitrust and consumer protection laws, by engaging in a scheme to artificially raise, fix, maintain, or stabilize the prices of interior molded doors in the United States. The complaints sought ordinary and treble damages, declaratory relief, interest, costs, and attorneys’ fees. The Company believes the claims lack merit and vigorously defended against the actions. On September 18, 2019, the court granted in part and denied in part the defendants’ motions to dismiss the lawsuits, dismissing various state law claims and limiting plaintiffs’ damages claims to a four-year period (from 2014-2018) under the applicable statute of limitations. Together with Masonite, we filed motions to oppose class certification in both the Direct Purchaser and Indirect Purchaser Actions on May 19, 2020. On August 31, 2020, JELD-WEN and Masonite entered into a settlement agreement to resolve the Direct Purchaser Action. In exchange for a full release of claims through the date of preliminary court approval of the settlement, each defendant originally agreed to pay $28.0 million to the named plaintiffs and the settlement class. On January 27, 2021, the parties to the Direct Purchaser Action revised the settlement agreement to modify certain terms, and each defendant agreed to pay a total of $30.8 million to the named plaintiffs and the settlement class in exchange for a full release of claims through the date of preliminary approval of the revised settlement, which the court granted on February 5, 2021. In addition, on September 4, 2020, JELD-WEN and Masonite entered into a separate settlement agreement to resolve the Indirect Purchaser Action. Each defendant agreed to pay $9.75 million to the named plaintiffs and the settlement class in exchange for a full release of claims through the execution date of the settlement agreement, and the court has granted preliminary approval of this settlement in the Indirect Purchaser Action. The Company continues to believe that the plaintiffs’ claims lack merit and has denied any liability or wrongdoing for the claims made against the Company. The settlement agreements remain subject to final court approval and other conditions. The final fairness hearing in the Direct Purchaser Action is scheduled to be in June 2021, and the final fairness hearing in the Indirect Purchaser Action is scheduled to be in July 2021. Canadian Antitrust Litigation – On May 15, 2020, Développement Émeraude Inc., on behalf of itself and others similarly situated, filed a putative class action lawsuit against us and Masonite in the Superior Court of the Province of Quebec, Canada, which was served on us on September 18, 2020 (“the Quebec Action”). The putative class consists of any person in Canada who, since October 2012, purchased one or more interior molded doors from us or Masonite. The suit alleges an illegal conspiracy between us and Masonite to agree on prices, the distribution of market shares and/or the production levels of interior molded doors and that the plaintiffs suffered damages in that they were charged and paid higher prices for interior molded doors than they would have had to pay but for the alleged anti-competitive conduct. The plaintiffs are seeking compensatory and punitive damages, attorneys’ fees and costs. On September 9, 2020, Kate O’Leary Swinkels, on behalf of herself and others similarly situated, filed a putative class action against JELD-WEN and Masonite in federal court in the province of Ontario, which was served on us on September 29, 2020 (the “Ontario Action”). The Ontario Action makes substantially similar allegations to the Quebec Action and the putative class is represented by the same counsel. In February 2021, the plaintiff in the Ontario Action noticed a proposed Amended Statement of Claim that replaces the named plaintiff, Kate O’Leary Swinkels, with David Regan. The plaintiff further anticipates staying the Quebec Action while the Ontario Action proceeds, although we do not anticipate a hearing on the certification of the Ontario Action until early 2022.The Company believes both the Quebec Action and the Ontario Action lack merit and intends to vigorously defend against them. We have evaluated the claims against us and recorded provisions based on management’s judgment about the probable outcome of the litigation and have included our estimates in accrued expenses in the accompanying balance sheets. See Note 11 - Accrued Expenses and Other Current Liabilities . While we expect a favorable resolution to these matters, the dispute resolution process could be lengthy, and if the plaintiffs were to prevail completely or substantially in the respective matters described above, such an outcome could have a material adverse effect on our operating results, consolidated financial position, or cash flows. Self-Insured Risk – We self-insure substantially all of our domestic business liability risks including general liability, product liability, warranty, personal injury, auto liability, workers’ compensation and employee medical benefits. Excess insurance policies from independent insurance companies generally cover exposures between $3.0 million and $200.0 million for domestic product liability risk and exposures between $0.5 million and $200.0 million for auto, general liability, personal injury and workers’ compensation. We have no stop loss insurance covering our self-insured employee medical plan and are responsible for all claims thereunder. We estimate our provision for self-insured losses based upon an evaluation of current claim exposure and historical loss experience. Actual self-insurance losses may vary significantly from these estimates. At December 31, 2020 and December 31, 2019, our accrued liability for self-insured risks was $81.0 million and $76.6 million, respectively. Indemnifications – At December 31, 2020, we had commitments related to certain representations made in contracts for the purchase or sale of businesses or property. These representations primarily relate to past actions such as responsibility for transfer taxes if they should be claimed, and the adequacy of recorded liabilities, warranty matters, employment benefit plans, income tax matters, or environmental exposures. These guarantees or indemnification responsibilities typically expire within one Other Financing Arrangements – At times we are required to provide letters of credit, surety bonds, or guarantees to meet various performance, legal, warranty, environmental, workers compensation, licensing, utility, and governmental requirements. Stand-by letters of credit are provided to certain customers and counterparties in the ordinary course of business as credit support for contractual performance guarantees, advanced payments received from customers, and future funding commitments. The stated values of these letters of credit agreements, surety bonds, and guarantees were $122.7 million and $122.6 million at December 31, 2020 and December 31, 2019, respectively. We have revised our 2019 value to include additional insured guarantees and guarantees associated with our Australia Senior Secured Credit Facility. Environmental Contingencies – We periodically incur environmental liabilities associated with remediating our current and former manufacturing sites as well as penalties for not complying with environmental rules and regulations. We record a liability for remediation costs when it is probable that we will be responsible for such costs and the costs can be reasonably estimated. These environmental liabilities are estimated based on current available facts and current laws and regulations. Accordingly, it is likely that adjustments to the estimated liabilities will be necessary as additional information becomes available. Short-term environmental liabilities and settlements are recorded in accrued expenses in the accompanying consolidated balance sheets and totaled $0.7 million at both December 31, 2020 and December 31, 2019. Long-term environmental liabilities are recorded in deferred credits and other liabilities in the accompanying consolidated balance sheets and totaled $8.3 million at December 31, 2020. No long-term environmental liabilities were recorded at December 31, 2019. Everett, Washington WADOE Action –In 2008, we entered into an Agreed Order with the WADOE to assess historic environmental contamination and remediation feasibility at our former manufacturing site in Everett, Washington. As part of this agreement, we also agreed to develop a Corrective Action Plan (“CAP”), arising from the feasibility assessment. On April 30, 2020, we provided the WADOE with a revised draft of our feasibility assessment. On June 19, 2020, we received substantive comments from the WADOE that included additional remedial alternatives and changes to the scoring of the alternatives. We worked with WADOE on its comments with respect to and the scoring of the remedial alternatives, and we submitted the draft final feasibility assessment to the WADOE in December 2020, which we considered substantially complete. The draft final feasibility assessment included remedial alternatives ranging from $8.3 million to $57.0 million. We expect to deliver a draft CAP to the WADOE in late-April 2021. The final feasibility assessment and draft final of the CAP are expected to be delivered to the WADOE in May 2021. At that time, the WADOE will release the documents to the public for a 30-day comment period. Once the public comment period has expired and any comments incorporated, the WADOE will select the remedial actions we will be required to perform, and a final CAP will be developed and delivered to the WADOE 15 days thereafter. While we have made provisions in our financial statements within the range of possible outcomes for this matter, it is unclear at this time which remedial actions we will be required to undertake or the cost thereof. As a result, the cost of the final CAP could vary materially from our provisions and have a material impact on our statement of operations and statement of cash flows. Towanda, Pennsylvania Consent Order – In December 2020, we entered into a COA with the PaDEP to remove a pile of wood fiber waste from our site in Towanda, Pennsylvania, which we acquired in connection with our acquisition of CMI in 2013, by using it as fuel for a boiler at that site. The COA replaced a 2018 Consent Decree between PaDep and us. Under the COA, we are required to achieve certain periodic removal objectives and ultimately remove the entire pile by August 31, 2025. There are currently $2.3 million in bonds posted in connection with these obligations. If we are unable to remove this pile by August 31, 2025, then the bonds will be forfeited, and we may be subject to penalties by PaDEP. We currently anticipate meeting all applicable removal deadlines; however, if our operations at this site decrease and we burn less fuel than currently anticipated, we may not be able to meet such deadlines. Employee Stock Ownership Plan – We have historically provided cash to our U.S. ESOP in order to fund required distributions to participants through the repurchase of shares of our Common Stock. Following our February 2017 IPO, the value of a share of Common Stock held through the ESOP is now based on our public share price. We do not anticipate that we will fund future distributions.

Employee Retirement and Pension

Employee Retirement and Pension Benefits	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Employee Retirement and Pension Benefits	Employee Retirement and Pension Benefits U.S. Defined Benefit Pension Plan Certain U.S. hourly employees participate in our defined benefit pension plan. The plan is not open to new employees. In 2020, we elected to utilize the alternative method when calculating the Pension Benefit Guarantee Corporation premiums for 2020 and the succeeding 4 years, rather than the stand alone method utilized during the previous 5 years, resulting in a reduction to pension benefit expenses in 2020. We use a spot rate yield curve to estimate the pension benefit obligation and net periodic benefits costs. The components of net periodic benefit cost are summarized as follows for the years ended December 31: (amounts in thousands) Components of pension benefit expense - U.S. benefit plan 2020 2019 2018 Service cost $ 3,090 $ 4,890 $ 4,170 Interest cost 12,236 14,861 13,180 Expected return on plan assets (21,860) (18,622) (20,769) Amortization of net actuarial pension loss 6,852 8,919 9,314 Pension benefit expense $ 318 $ 10,048 $ 5,895 Discount rate used to determine benefit costs 3.31% 4.27% 3.47% Expected long-term rate of return on assets 6.25% 6.25% 6.25% Compensation increase rate N/A N/A N/A In October 2019, the Society of Actuaries released the PRI-2012 Mortality Tables (update to RP-2014 mortality tables), which were adopted in 2019 and represent our best estimate of future experience for the base mortality table. The Society of Actuaries has released annual updates to the mortality improvement projection scale that was first released in 2014, with the most recent annual update being Scale MP-2020. We adopted the use of Scale MP-2020 as of December 31, 2020 as it represents our best estimate of future mortality improvement projection experience as of the measurement date. We developed the discount rate based on the plan’s expected benefit payments using the Willis Towers Watson RATE:Link 10:90 Yield Curve. Based on this analysis, we selected a 2.55% discount rate for our projected benefit obligation. As the discount rate is reduced or increased, the pension obligation would increase or decrease, respectively, and future pension expense would increase or decrease, respectively. We maintain policies for investment of pension plan assets. The policies set forth stated objectives and a structure for managing assets, which includes various asset classes and investment management styles that, in the aggregate, are expected to produce a sufficient level of diversification and investment return over time and provide for the availability of funds for benefits as they become due. The policies also provide guidelines for each investment portfolio that control the level of risk assumed in the portfolio and ensure that assets are managed in accordance with stated objectives. The plan invests primarily in publicly traded equity and debt securities as directed by the plan’s investment committee. The pension plan’s expected return assumption is based on the weighted average aggregate long-term expected returns of various actively managed asset classes corresponding to the plan’s asset allocation. We have selected an expected return on plan assets based on a historical analysis of rates of return, our investment mix, market conditions and other factors. The fair value of plan assets increased in 2020 and 2019 due primarily to investment returns and contributions in excess of our benefit payments. (amounts in thousands) Change in fair value of plan assets - U.S. benefit plan 2020 2019 Balance as of January 1, $ 358,577 $ 302,763 Actual return on plan assets 47,391 69,767 Company contribution 12,619 7,760 Benefits paid (18,538) (16,751) Administrative expenses paid (3,196) (4,962) Balance at period end $ 396,853 $ 358,577 The plan’s investments as of December 31 are summarized below: % of Plan Assets Summary of plan investments - U.S. benefit plan 2020 2019 Equity securities 8.3 7.9 Debt securities 36.3 36.1 Other 55.4 56.0 100.0 100.0 The plan’s projected benefit obligation is determined by using weighted-average assumptions made on December 31, of each year as summarized below: (amounts in thousands) Change in projected benefit obligation - U.S. benefit plan 2020 2019 Balance as of January 1, $ 433,408 $ 383,936 Service cost 3,090 4,890 Interest cost 12,236 14,861 Actuarial loss 47,085 51,434 Benefits paid (18,538) (16,751) Administrative expenses paid (3,196) (4,962) Balance at period end $ 474,085 $ 433,408 Discount rate 2.55% 3.31% Compensation increase rate N/A N/A As of December 31, 2020, the plan’s estimated benefit payments for the next ten years are as follows (amounts in thousands): 2021 $ 18,142 2022 19,052 2023 19,836 2024 20,595 2025 21,251 2026-2030 112,711 The company made cash contributions to the plan of $12.6 million and $7.8 million for the year ended December 31, 2020 and December 31, 2019, respectively. During fiscal year 2021, no cash contributions are required to be made to the plan. The plan’s accumulated benefit obligation of $474.1 million is determined by taking the projected benefit obligation and removing the impact of the assumed compensation increases. The plan’s funded status as of December 31 is as follows: (amounts in thousands) Unfunded pension liability - U.S. benefit plan 2020 2019 Projected benefit obligation at end of period $ 474,085 $ 433,408 Fair value of plan assets at end of period (396,853) (358,577) Unfunded pension liability $ 77,232 $ 74,831 Net actuarial pension losses are recorded in consolidated other comprehensive income (loss) for the years ended December 31 are as follows: (amounts in thousands) Accumulated other comprehensive loss - U.S. benefit plan 2020 2019 2018 Net actuarial pension loss beginning of period $ 87,459 $ 96,090 $ 112,632 Amortization of net actuarial loss (6,852) (8,919) (9,314) Net loss (gain) occurring during year 21,554 288 (7,228) Net actuarial pension loss at end of period 102,161 87,459 96,090 Tax benefit (6,860) (3,145) (5,344) Net actuarial pension loss at end of period, net of tax $ 95,301 $ 84,314 $ 90,746 Non-U.S. Defined Benefit Plans – We have several other defined benefit plans located outside the U.S. that are country specific. Some of these plans remain open to participants and others are closed. The expenses related to these plans are recorded in the consolidated statements of operations and are determined by using weighted-average assumptions made on January 1 of each year as summarized below for the years ended December 31. (amounts in thousands) Components of pension benefit expense - Non-U.S. benefit plans 2020 2019 2018 Service cost $ 2,548 $ 2,386 $ 2,070 Interest cost 908 1,398 1,417 Expected return on plan assets (435) (589) (833) Amortization of net actuarial pension loss 849 225 189 Pension benefit expense $ 3,870 $ 3,420 $ 2,843 Discount rate 0.2% - 7.8% 0.6% - 8.5% 0.2% - 9.0% Expected long-term rate of return on assets 0.0% - 4.6% 0.0% - 5.8% 0.0% - 5.3% Compensation increase rate 0.5% - 7.0% 0.5% - 7.0% 0.5% - 7.0% (amounts in thousands) Change in fair value of plan assets - Non-U.S. benefit plans 2020 2019 Balance as of January 1, $ 10,924 $ 12,676 Actual (loss) return on plan assets (106) 1,398 Company contribution 190 236 Benefits paid (547) (3,272) Administrative expenses paid (13) (21) Cumulative translation adjustment 1,023 (93) Balance at period end $ 11,471 $ 10,924 The investments of the non-U.S. plans as of December 31 are summarized below: % of Plan Assets Summary of plan investments - Non-U.S. benefit plans 2020 2019 Equity securities 50.3 45.8 Debt securities 19.8 20.7 Other 29.9 33.5 100.0 100.0 The projected benefit obligation for the non-U.S. plans is determined by using weighted-average assumptions made on December 31, 2020 of each year as summarized below: (amounts in thousands) Change in projected benefit obligation - Non-U.S. benefit plans 2020 2019 Balance as of January 1, $ 47,707 $ 42,803 Service cost 2,548 2,655 Interest cost 908 1,405 Actuarial loss 786 6,084 Benefits paid (2,756) (5,240) Administrative expenses paid (15) (21) Cumulative translation adjustment 4,693 21 Balance at period end $ 53,871 $ 47,707 Discount rate 0.2% - 7.8% 0.6% - 8.5% Compensation increase rate 1.0% - 7.0% 0.5% - 7.0% As of December 31, 2020, the estimated benefit payments for the non-U.S. plans over the next ten years are as follows (amounts in thousands): 2021 $ 1,991 2022 2,114 2023 2,523 2024 2,631 2025 2,483 2026-2030 11,901 The accumulated benefit obligations of $42.5 million for the non-U.S. plans are determined by taking the projected benefit obligation and removing the impact of the assumed compensation increases. We expect to contribute $1.1 million to the non-U.S. plans in 2021. The funded status of these plans as of December 31 are as follows: (amounts in thousands) Unfunded pension liability - Non-U.S. benefit plans 2020 2019 Projected benefit obligation at end of period $ 53,871 $ 47,707 Fair value of plan assets at end of period (11,471) (10,924) Net pension liability $ 42,400 $ 36,783 Long-term unfunded pension liability $ 37,845 $ 33,106 Current portion 6,234 5,605 Total unfunded pension liability $ 44,079 $ 38,711 Total overfunded pension liability $ 1,679 $ 1,928 The current portion of the unfunded pension liability is recorded in accrued payroll and benefits in the accompanying consolidated balance sheets. The overfunded pension liability is recorded in long-term other assets in the accompanying consolidated balance sheets. Net actuarial pension losses are recorded in consolidated other comprehensive income (loss) for the years ended December 31 are as follows: (amounts in thousands) Accumulated other comprehensive loss - Non-U.S. benefit plans 2020 2019 2018 Net actuarial pension loss beginning of period $ 12,237 $ 7,450 $ 7,359 Amortization of net actuarial loss (849) (553) (1,442) Net gain occurring during year 1,339 5,232 1,462 Cumulative translation adjustment 84 108 71 Net actuarial pension loss at end of period 12,811 12,237 7,450 Tax benefit (3,043) (2,958) (1,911) Net actuarial pension loss at end of period, net of tax $ 9,768 $ 9,279 $ 5,539 Other Defined Contribution Plans –We have several other defined contribution plans located outside the U.S. that are country specific. Other plans that are characteristically defined contribution plans have accrued liabilities of $2.2 million and $1.3 million, respectively, at December 31, 2020 and December 31, 2019. The total compensation expense for non-U.S. defined contribution plans was $21.1 million in 2020, $24.6 million in 2019, and $27.0 million in 2018.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2020
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Year Ended (amounts in thousands) December 31, 2020 December 31, 2019 December 31, 2018 Cash Operating Activities: Operating leases $ 58,235 $ 55,141 $ — Finance leases 193 131 — Cash paid for amounts included in the measurement of lease liabilities $ 58,428 $ 55,272 $ — Cash Investing Activities: Issuances of notes receivable $ (57) $ (58) $ (77) Cash received on notes receivable 642 469 351 Change in notes receivable $ 585 $ 411 $ 274 Non-cash Investing Activities: Property, equipment and intangibles purchased in accounts payable $ 5,862 $ 10,439 $ 6,961 Property, equipment and intangibles purchased for debt 18,813 40,323 32,262 Customer accounts receivable converted to notes receivable 843 565 110 Cash Financing Activities: Proceeds from issuance of new debt $ 250,000 $ 124,375 $ 38,823 Borrowings on long-term debt 100,941 358,027 464,119 Payments of long-term debt (135,250) (468,637) (432,122) Payments of debt issuance and extinguishment costs, including underwriting fees (4,833) (664) (352) Change in long-term debt $ 210,858 $ 13,101 $ 70,468 Cash paid for amounts included in the measurement of finance lease liabilities $ 1,721 $ 917 $ — Non-cash Financing Activities: Prepaid insurance funded through short-term debt borrowings $ 10,785 $ 4,948 $ 2,757 Prepaid ERP costs funded through short-term debt borrowings — 3,919 — Shares surrendered for tax obligations for employee share-based transactions in accrued liabilities — 469 7 Accounts payable converted to installment notes 914 757 12,886 Other Supplemental Cash Flow Information: Cash taxes paid, net of refunds $ 20,443 $ 26,656 $ 46,295 Cash interest paid 71,659 71,181 68,892 We have revised prior year borrowings and payments of long-term debt to reflect gross activity relating to our ABL Facility. There is no impact to the disclosed Change in long-term debt amount for any previously reported period.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Sale of subsidiary – In May 2019, we sold Creative Media Development, Inc. (“CMD”), a subsidiary, which was part of our North America segment, for $6.5 million, resulting in a gain of $2.8 million in the second quarter of 2019. A minority shareholder of the buying group also serves on our Board of Directors. Under the Stock Purchase Agreement for CMD, we agreed to use CMD for certain advertising services totaling $7.0 million between 2019 and 2023. As of December 31, 2020, the remaining balance is $1.2 million. At December 31, 2020, there is no amount due from the related party. This sale did not have a material impact on our results of operations. Acquired lease – In conjunction with our acquisition of VPI, we assumed operating leases on two buildings with a former shareholder of VPI and current employee. The leases are at market rates and resulted in an operating lease asset of $3.6 million as of the opening balance sheet. One of the leases was modified in August 2019, which increased the value by $0.6 million. At December 31, 2020, the operating lease asset was $3.5 million.

SCHEDULE I - CONDENSED FINANCIA

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF JELD-WEN HOLDING, INC.	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF JELD-WEN HOLDING, INC.	CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Years Ended December 31, (amounts in thousands, except share and per share data) 2020 2019 2018 Selling, general and administrative $ 18,359 $ 15,397 $ 15,924 Equity in earnings of subsidiaries 109,509 77,950 157,429 Other (income) expense Interest income — (32) (36) Interest expense — 12 45 Other (436) (398) (411) Income before taxes 91,586 62,971 141,907 Income tax expense — — — Net income $ 91,586 $ 62,971 $ 141,907 Comprehensive income (loss): Net income $ 91,586 $ 62,971 $ 141,907 Other comprehensive (loss) income, net of tax Equity in comprehensive (loss) income of subsidiaries 92,582 (6,470) (50,312) Total other comprehensive (loss) income, net of tax 92,582 (6,470) (50,312) Total comprehensive income $ 184,168 $ 56,501 $ 91,595 SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF JELD-WEN HOLDING, INC. Parent Company Information CONDENSED BALANCE SHEETS (amounts in thousands, except share and per share data) December 31, 2020 December 31, 2019 ASSETS Current assets Cash and cash equivalents $ 4,216 $ 4,818 Other current assets — 10 Total current assets 4,216 4,828 Property and equipment, net 2,947 3,074 Investment in subsidiaries 1,059,437 959,001 Long-term notes receivable — 35 Total assets $ 1,066,600 $ 966,938 LIABILITIES AND EQUITY Current liabilities Accounts payable $ 483 $ 510 Current payable to subsidiaries 2,911 2,431 Accrued expenses and other current liabilities 49 430 Notes payable and current maturities of long-term debt — 205 Total current liabilities 3,443 3,576 Total liabilities 3,443 3,576 Commitments and contingencies (Note 5) Shareholders’ equity Common Stock: 900,000,000 shares authorized, par value $0.01 per share, 100,806,068 shares outstanding as of December 31, 2020; 900,000,000 shares authorized, par value $0.01 per share, 100,668,003 shares outstanding as of December 31, 2019 1,008 1,007 Additional paid-in capital 690,687 671,772 Retained earnings 371,462 290,583 Total shareholders’ equity 1,063,157 963,362 Total liabilities, convertible preferred shares, and shareholders’ equity $ 1,066,600 $ 966,938 SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF JELD-WEN HOLDING, INC. Parent Company Information CONDENSED STATEMENTS OF CASH FLOWS For the Years Ended December 31, (amounts in thousands) 2020 2019 2018 OPERATING ACTIVITIES Net income $ 91,586 $ 62,971 $ 141,907 Adjustments to reconcile net income to cash used in operating activities: Depreciation 127 128 161 Income from subsidiaries investment (109,509) (77,950) (157,429) Other items, net (470) 436 538 Stock-based compensation 16,399 13,315 15,052 Net change in operating assets and liabilities, net of effect of acquisitions: Receivables and payables from subsidiaries 3,891 19,564 123,366 Other assets 3 10 (5) Accounts payable and accrued expenses (408) 829 (859) Net cash provided by operating activities 1,619 19,303 122,731 INVESTING ACTIVITIES Distribution received from subsidiaries — 2,000 1,500 Net cash provided by investing activities — 2,000 1,500 FINANCING ACTIVITIES Payments of long-term debt (205) (757) (982) Employee note repayments — — 39 Common stock issued for exercise of options 2,984 1,977 201 Common stock repurchased (5,000) (19,994) (125,030) Net cash (used in) financing activities (2,221) (18,774) (125,772) Net (decrease) increase in cash and cash equivalents (602) 2,529 (1,541) Cash, cash equivalents and restricted cash, beginning 4,818 2,289 3,830 Cash, cash equivalents and restricted cash, ending $ 4,216 $ 4,818 $ 2,289 Accounting policies adopted in the preparation of this condensed parent company only financial information are the same as those adopted in the consolidated financial statements and described in Note 1 - Description of Company and Summary of Significant Accounting Policies, of the consolidated financial statements included in this Form 10-K. Nature of Business – JELD-WEN Holding, Inc., (the “Parent Company”) (a Delaware corporation) was formed by Onex Partners III LP to effect the acquisition of JELD-WEN, Inc. and had no activities prior to the acquisition of JELD-WEN, Inc. on October 3, 2011. The Parent Company is a holding company with no material operations of its own that conducts substantially all of its activities through its direct subsidiary, JELD-WEN Inc. and its subsidiaries. The accompanying condensed parent-only financial information includes the accounts of the Parent Company and, on an equity basis, its direct and indirect subsidiaries and affiliates. Accordingly, these condensed financial statements have been presented on a “parent-only” basis. Under a parent-only presentation, the Parent Company’s investments in subsidiaries are presented under the equity method of accounting. These parent-only financial statements should be read in conjunction with the JELD-WEN Holding, Inc. and subsidiaries consolidated financial statements included elsewhere herein. The condensed parent-only financial statements have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X as the restricted net assets of the subsidiaries of the Company exceed 25% of the consolidated net assets of the Company. The ability of the Company’s operating subsidiaries to pay dividends may be restricted due to the terms of the subsidiaries’ financing arrangements (see Note 13 - Long-Term Debt to the consolidated financial statements). Property and Equipment – Property and equipment is recorded at cost. The cost of major additions and betterments are capitalized and depreciated using the straight-line method over their estimated useful lives while replacements, maintenance and repairs that do not improve or extend the useful lives of the related assets or adapt the property to a new or different use are expensed as incurred. Depreciation is generally provided over the following estimated useful service lives: Buildings 15 - 45 years (amounts in thousands) 2020 2019 Buildings $ 3,632 $ 3,632 Total depreciable assets 3,632 3,632 Accumulated depreciation (685) (558) Total property and equipment, net $ 2,947 $ 3,074 Depreciation expense was $0.1 million in the year ended December 31, 2020, $0.1 million in the year ended December 31, 2019, and $0.2 million in the year ended December 31, 2018. 2020 Year-end Effective Interest Rate December 31, 2020 December 31, 2019 (amounts in thousands) Installment notes for stock —% $ — $ 205 Current maturities of long-term debt $ — $ (205) Installment Notes for Stock - We entered into installment notes for stock representing amounts due to former or retired employees for repurchases of our stock that are payable over 10 years depending on the amount with payments through 2020. As of December 31, 2020, we had no outstanding notes. For discussion of stock compensation expense of the Parent Company and its subsidiaries, see Note 19 - Stock Compensation , to the consolidated financial statements. For discussion of the commitments and contingencies of the subsidiaries of the Parent Company see Note 25 - Commitments and Contingencies , to the consolidated financial statements. (amounts in thousands) 2020 2019 2018 Non-cash Investing Activities: Dividend from subsidiary settled with payable to subsidiary $ 3,410 $ 22,090 $ 132,295 Non-cash Financing Activities: Shares surrendered for tax obligations for employee share-based transactions in accrued liabilities $ — $ 469 $ 7

Description of Company and Su_2

Description of Company and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation – The accompanying consolidated financial statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the SEC. Certain prior year amounts have been reclassified to conform to current year presentation.
Fiscal Year	Fiscal Year – We operate on a fiscal calendar year, and each interim quarter is comprised of two 4-week periods and one 5-week period, with each week ending on a Saturday. Our fiscal year always begins on January 1 and ends on December 31. As a result, our first and fourth quarters may have more or fewer days included than a traditional 91-day fiscal quarter.
Use of Estimates	Use of Estimates – The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates, assumptions, and allocations that affect amounts reported in the consolidated financial statements and related notes. Significant items that are subject to such estimates and assumptions include, but are not limited to, long-lived assets including goodwill and other intangible assets, employee benefit obligations, income tax uncertainties, contingent assets and liabilities, provisions for bad debt, inventory, warranty liabilities, legal claims, valuation of derivatives, environmental remediation, and claims relating to self-insurance. Actual results could differ due to the uncertainty inherent in the nature of these estimates.
Segment Reporting	Segment Reporting – Our reportable segments are organized and managed principally by geographic region: North America, Europe, and Australasia. We report all other business activities in Corporate and unallocated costs. In addition to similar economic characteristics, we also consider the following factors in determining the reportable segments: the nature of business activities, the management structure directly accountable to our chief operating decision maker for operating and administrative activities, the discrete financial information regularly reviewed by the chief operating decision maker, and information presented to the Board of Directors and investors. No segments have been aggregated for our presentation.
Acquisitions	Acquisitions – We apply the provisions of FASB ASC Topic 805, Business Combinations , in the accounting for our acquisitions. It requires us to recognize separately from goodwill the assets acquired and the liabilities assumed, at their acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred and the net of the acquisition date fair values of the assets acquired and the liabilities assumed. While we use our best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date as well as contingent consideration, where applicable, our estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, material adjustments must be reflected in the reporting period in which the adjustment amount is determined. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded in the current period in our consolidated statements of operations. For a given acquisition, we may identify certain pre-acquisition contingencies as of the acquisition date and may extend our review and evaluation of these pre-acquisition contingencies throughout the measurement period in order to obtain sufficient information to assess whether we include these contingencies as a part of the fair value estimates of assets acquired and liabilities assumed and, if so, to determine their estimated amounts. If we cannot reasonably determine the fair value of a pre-acquisition contingency (non-income tax related) by the end of the measurement period, we will recognize an asset or a liability for such pre-acquisition contingency if: (a) it is probable that an asset existed or a liability had been incurred at the acquisition date and (b) the amount of the asset or liability can be reasonably estimated. Subsequent to the measurement period, changes in our estimates of such contingencies will affect earnings and could have a material effect on our results of operations and financial position. In addition, uncertain tax positions and tax related valuation allowances assumed in connection with a business combination are initially estimated as of the acquisition date. We re-evaluate these items quarterly based upon facts and circumstances that existed as of the acquisition date. Subsequent to the measurement period or our final determination of the tax allowance’s or contingency’s estimated value, whichever comes first, changes to these uncertain tax positions and tax related valuation allowances will affect our provision for income taxes in our consolidated statements of operations and could have a material impact on our results of operations and financial position.
Cash and Cash Equivalents	Cash and Cash Equivalents – We consider all highly-liquid investments purchased with an original or remaining maturity at the date of purchase of three months or less to be cash equivalents. Our cash management system is designed to maintain zero bank balances at certain banks. Checks written and not presented to these banks for payment are reflected as book overdrafts and are a component of accounts payable.
Restricted Cash	Restricted Cash – Restricted cash consists primarily of cash required to meet certain bank guarantees and projected self-insurance obligations. New funding is generated from employees’ portion of contributions and is added to the deposit account weekly as claims are paid.
Accounts Receivable	Accounts Receivable – Accounts receivable are recorded at their net realizable value. Our customers are primarily retailers, distributors, and contractors. As of December 31, 2020, one customer accounted for 19.2% of the consolidated accounts receivable balance. As of December 31, 2019, one customer accounted for 17.6% of the consolidated accounts receivable balance. We maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. We estimate the allowance for doubtful accounts our assessment of credit risk relating to our accounts receivable based on quantitative and qualitative factors, primarily historical credit collections within each region where we have operations. If the financial condition of a customer deteriorates or other circumstances occur that result in an impairment of a customer’s ability to make payments, we record additional allowances as needed. We write off uncollectible trade accounts receivable against the allowance for doubtful accounts when collection efforts have been exhausted and/or any legal action taken by us has concluded.
Inventory	Inventories – Inventories in the accompanying consolidated balance sheets are valued at the lower of cost or net realizable value and are determined by the first-in, first-out (“FIFO”) or average cost methods. We record provisions to write-down obsolete and excess inventory to its estimated net realizable value. The process for evaluating obsolete and excess inventory requires us to evaluate historical inventory usage and expected future production needs. Accelerating the disposal process or incorrect estimates may cause actual results to differ from the estimates at the time such inventory is disposed or sold. We classify certain inventories that are available for sale directly to external customers or used in the manufacturing of a finished good within raw materials.
Notes Receivable	Notes Receivable – Notes receivable are recorded at their net realizable value. The balance consists primarily of installment notes and affiliate notes. The allowance for doubtful notes is based upon credit risks, historical loss trends, and specific reviews of delinquent notes. We write off uncollectible note receivables against the allowance for doubtful accounts when collection efforts have been exhausted and/or any legal action taken by us has been concluded. Current maturities and interest, net of short-term allowance are reported as other current assets.
Customer Displays	Customer Displays – Customer displays include all costs to manufacture, ship, and install the displays of our products in retail store locations. Capitalized display costs are included in other assets and are amortized over the life of the product lines, typically 3 to 4 years. Related amortization is included in SG&A expense in the accompanying consolidated statements of operations and was $7.9 million in 2020, $8.7 million in 2019, and $9.0 million in 2018.
Cloud Computing Arrangements	Cloud Computing Arrangements –We capitalize qualified cloud computing implementation costs associated with the application development stage and subsequently amortize these costs over the term of the hosting agreement and stated renewal period, if it is reasonably certain we will renew, typically 3 to 5 years. Capitalized costs are included in other assets on the consolidated balance sheet and amortization is included in SG&A expense in the accompanying consolidated statement of operations.
Property and Equipment	Property and Equipment – Property and equipment are recorded at cost. The cost of major additions and betterments are capitalized and depreciated using the straight-line method over their estimated useful lives. Replacements, maintenance, and repairs that do not improve or extend the useful lives of the related assets or adapt the property to a new or different use are expensed as incurred. Interest over the construction period is capitalized as a component of cost of constructed assets. Upon sale or retirement of property or equipment, cost and related accumulated depreciation are removed from the accounts and any gain or loss is charged to income. Leasehold improvements are amortized over the shorter of the useful life of the improvement, the lease term, or the life of the building. Depreciation is generally provided over the following estimated useful service lives: Land improvements 10 - 20 years Buildings 15 - 45 years Machinery and equipment 3 - 20 years
Intangible Assets	Intangible Assets –Intangible assets are accounted for in accordance with ASC 350, Intangibles – Goodwill and Other . Definite lived intangible assets are amortized based on the pattern of economic benefit over the following estimated useful lives: Trademarks and trade names 5 - 40 years Software 3 - 10 years Licenses and rights 3 - 14 years Customer relationships 4 - 20 years Patents 5 - 25 years The lives of definite lived intangible assets are reviewed and reduced if necessary, whenever changes in their planned use occur. Legal and registration costs related to internally-developed patents and trademarks are capitalized and amortized over the lesser of their expected useful life or the legal patent life. Cost and accumulated amortization are removed from the accounts in the period that an intangible asset becomes fully amortized. The carrying value of intangible assets is reviewed by management to assess the recoverability of the assets when facts and circumstances indicate that the carrying value may not be recoverable. The recoverability test requires us to first compare undiscounted cash flows expected to be generated by that definite lived intangible asset or asset group to its carrying amount. If the carrying amounts of the definite lived intangible assets are not recoverable on an undiscounted cash flow basis, an impairment charge is recognized to the extent that the carrying amount exceeds its fair value. Fair value is determined through various valuation techniques. Our valuation of identifiable intangible assets acquired is based on information and assumptions available to us at the time of acquisition, using income and market approaches to determine fair value. We do not amortize indefinite-lived intangible assets, but test for impairment annually, or when indications of potential impairment exist. For intangible assets other than goodwill, if the carrying value exceeds the fair value, we recognize an impairment loss in an amount equal to the excess. No material impairments were identified during fiscal years December 31, 2020, December 31, 2019 and December 31, 2018. We capitalize certain qualified internal use software costs during the application development stage and subsequently amortize these costs over the estimated useful life of the asset. Costs incurred during the preliminary project stage and post-implementation operation stage are expensed as incurred.
Long-Lived Assets	Long-Lived Assets – Long-lived assets, other than goodwill, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of such assets may not be recoverable. The first step in an impairment review is to forecast the expected undiscounted cash flows generated from the anticipated use and eventual disposition of the asset. If the expected undiscounted cash flows are less than the carrying value of the asset, then an impairment charge is required to reduce the carrying value of the asset to fair value. Long-lived assets currently available for sale and expected to be sold within one year are
Leases	Leases – We lease certain warehouses, distribution centers, office spaces, land, vehicles and equipment. We determine if an arrangement is a lease at inception. A contract contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration. Amounts associated with operating leases are included in operating lease assets (“ROU assets”), net, accrued expense and other current liabilities and noncurrent operating lease liability in our consolidated balance sheet. Amounts associated with finance leases are included in property and equipment, net, current maturities of long-term debt, and long-term debt in our consolidated balance sheet. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. If the lease does not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. The incremental borrowing rate for operating leases that commenced in the period is determined by using the prior quarter end’s incremental borrowing rates. Leases with an initial term of 12 months or less are not recorded on the balance sheet, and we recognize lease expense for these leases on a straight-line basis over the lease term. Variable lease payments that are dependent on usage, output, or may vary for other reasons, are excluded from lease payments in the measurement of the ROU asset and lease liability, and accordingly are recognized as lease expense in the period the obligation for those payments is incurred. For lease agreements entered into or reassessed after the adoption of Topic 842, we combine lease and nonlease components. one
Goodwill	Goodwill – Goodwill is tested for impairment on an annual basis during the fourth quarter and between annual tests if indicators of potential impairment exist, using a fair-value-based approach. Current accounting guidance provides an entity the option to perform a qualitative assessment to determine whether it is more-likely-than-not that the fair value of a reporting unit is impaired. If we do not perform a qualitative assessment, or if we determine that it is more likely than not that the fair value of the reporting unit exceeds its carrying amount, we calculate the estimated fair value of the reporting unit. We estimated the fair value of our reporting units using a discounted cash flow model (implied fair value measured on a non-recurring basis using level 3 inputs). Inherent in the development of the discounted cash flow projections are assumptions and estimates derived from a review of our expected revenue and terminal growth rates, profit margins, and cost of capital. Changes in assumptions or estimates used in our goodwill impairment testing could materially affect the determination of the fair value of a reporting unit, and therefore, could eliminate the excess of fair value over carrying value of a reporting unit and, in some cases, could result in impairment. Such changes in assumptions could be caused by items such as a loss of one or more significant customers, decline in the demand for our products due to changing economic conditions, or failure to control cost increases above what can be recouped in sale price increases. These types of changes would negatively affect our profits, revenues, and growth over the long term and such a decline could significantly affect the fair value assessment of our reporting units and cause our goodwill to become impaired.
Deferred Revenue, Revenue Recognition	Deferred Revenue – We record deferred revenue when we collect pre-payments from customers for performance obligations we expect to fulfill through future performance of a service or delivery of a product. We classify our deferred revenue based on our estimate as to when we expect to satisfy the related performance obligations. Current deferred revenues are typically included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets. Revenue Recognition – Revenue is recognized when obligations under the terms of a contract with our customer are satisfied. Generally, this occurs with the transfer of control of our products or services. The transfer of control to the customer occurs at a point in time, usually upon satisfaction of the shipping terms within the contract. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. The taxes we collect concurrent with revenue-producing activities (e.g., sales tax, value added tax, and other taxes) are excluded from revenue. Incentive payments to customers that directly relate to future business are recorded as a reduction of net revenues over the periods benefited. Shipping and handling costs are treated as fulfillment costs and are not considered a separate performance obligation. Shipping and handling costs charged to customers and the related expenses are reported in revenues and cost of sales for all customers. The expected costs associated with our base warranties and field service actions continue to be recognized as expense when the products are sold (see Note 12 - Warranty Liability ). Since payment is due at or shortly after the point of sale, the contract asset is classified as a receivable. We do not adjust the promised amount of consideration for the effects of a significant financing component when we expect, at contract inception, that the period between our transfer of a promised product or service to a customer and when the customer pays for that product or service will be one year or less. We do not typically include extended payment terms
Warranty Accrual	Warranty Accrual – Warranty terms range primarily from one year to lifetime on certain window and door components. Warranties are normally limited to replacement or service of defective components for the original customer. Some warranties are transferable to subsequent owners and are generally limited to ten years from the date of manufacture or require pro-rata payments from the customer. A provision for estimated warranty costs is recorded at the time of sale based on historical experience and we periodically adjust these provisions to reflect actual experience.
Restructuring	Restructuring – Costs to exit or restructure certain activities of an acquired company or our internal operations are accounted for as one-time termination and exit costs as required by the provisions of FASB ASC 420, Exit or Disposal Cost Obligations , and are accounted for separately from any business combination. A liability for costs associated with an exit or disposal activity is recognized and measured at its fair value in our consolidated statements of operations in the period in which the liability is incurred. When estimating the fair value of restructuring activities, assumptions are applied, which can differ materially from actual results. This may require us to revise our initial estimates, which may materially affect our results of operations and financial position in the period the revision is made.
Derivatives Financial Instruments	Derivative Financial Instruments – Derivative financial instruments are used to manage interest rate risk associated with our borrowings and foreign currency exposures related to transactions denominated in currencies other than the U.S. dollar, or in the case of our non-U.S. companies, transactions denominated in a currency other than their functional currency. All derivatives are recorded as assets or liabilities in the consolidated balance sheets at their respective fair values. As of December 31, 2020, December 31, 2019 and December 31, 2018, we had netting provisions in certain agreements with our counterparties. We have elected to not offset the fair values of derivative assets and liabilities executed with the same counterparty that are generally subject to enforceable netting agreements. Changes in a derivative’s fair value are recognized in earnings unless specific hedge criteria are met, and we elect hedge accounting prior to entering into the hedge. If a derivative is designated as a fair value hedge, the changes in fair value of both the derivative and the hedged item attributable to the hedged risks are recognized in the same line item in the results of operations. If the derivative is designated as a cash flow hedge, changes in the fair value related to the derivatives considered highly effective are initially recorded in accumulated other comprehensive income (loss) and subsequently classified to the consolidated statements of operations when the hedged item impacts earnings, and in the same line item on the consolidated statements of operations as the impact of the hedge transaction. At the inception of a fair value or cash flow hedge, we formally document the hedge relationship and the risk management objective for undertaking the hedge. In addition, for derivatives that qualify for hedge accounting, we assess, both at inception of the hedge and on an ongoing basis, whether the derivative financial instrument is and will continue to be highly effective in offsetting cash flows or fair value of the hedged item and whether it is probable that the hedged forecasted transaction will occur. Changes in the fair value of derivatives that do not qualify for hedge accounting, or fail to meet the criteria, thereafter, are also recognized in the consolidated statements of operations. See Note 24 - Fair Value of Financial Instruments for additional information on the fair value of our derivative assets and liabilities.
Advertising Cost	Advertising Costs – All costs of advertising our products and services are charged to expense as incurred.
Interest Expense and Extinguishment of Debt Cost	Interest Expense and Extinguishment of Debt Costs – We record debt extinguishment costs separately from interest expense within other income in the consolidated statements of operations.
Foreign Currency Transactions and Adjustments	Foreign Currency Translation and Adjustments – Typically, our foreign subsidiaries maintain their accounting records in their local currency. All of the assets and liabilities of these subsidiaries (including long-term assets, such as goodwill) are converted to U.S. dollars at the exchange rate in effect at the balance sheet date, income and expense accounts are translated at average rates for the period, and shareholder’s equity accounts are translated at historical rates. The effects of translating financial statements of foreign operations into our reporting currency are recognized as a cumulative translation adjustment in consolidated other comprehensive income (loss). This balance is net of tax, where applicable. The effects of translating financial statements of foreign operations in which the U.S. dollar is their functional currency are included in the consolidated statements of operations. The effects of translating intercompany debt are recorded in the consolidated statements of operations unless the debt is of a long-term investment nature in which case gains and losses are recorded in consolidated other comprehensive income (loss). Foreign currency transaction gains or losses are credited or charged to income as incurred.
Income Taxes	Income Taxes – Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on the deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. We evaluate both the positive and negative evidence that is relevant in assessing whether we will realize the deferred tax assets. A valuation allowance is recorded when it is more likely than not that some of the deferred tax assets will not be realized. The tax effects from an uncertain tax position can be recognized in the consolidated financial statements, only if the position is more likely than not to be sustained, based on the technical merits of the position and the jurisdiction taxes of the Company. We recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit and the tax related to the position would be due to the entity and not the owners. For tax positions meeting the more likely than not threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized, upon ultimate settlement with the relevant tax authority. We apply this accounting standard to all tax positions for which the statute of limitations remains open. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Tax Act passed in December 2017 continues to have significant effects on our financial statements primarily through Treasury regulations, whether proposed or final, which continue to be issued in relation to specific provisions of the Tax Act. In accordance with Staff Accounting Bulletin No. 118 issued by the SEC in December 2017 immediately following the passage of the Tax Act, we made provisional estimates for certain direct and indirect effects of the Tax Act based on information available to us at that time. In the fourth quarter of 2018, we completed our accounting for the enactment-date income tax effects of the Tax Act and recorded adjustments as a component of income tax expense from continuing operations. The Tax Act subjects a U.S. shareholder to current tax on GILTI earned by certain foreign subsidiaries. We have elected to account for the impact of GILTI in the period in which it is incurred. We file a consolidated federal income tax return in the U.S. and various states. For financial statement purposes, we calculate the provision for federal income taxes using the separate return method. Certain subsidiaries file separate tax returns in certain countries and states. Any U.S. federal, state, and foreign income taxes refundable and payable are reported in other current assets and accrued expenses and other current liabilities in our consolidated balance sheet. We do not have any non-current taxes receivable or payable at December 31, 2020 or December 31, 2019. We record interest and penalties on amounts due to tax authorities as a component of income tax expense (benefit) in the consolidated statements of operations.
Contingent Liabilities	Contingent Liabilities – Contingent liabilities arising from claims, assessments, litigation, fines, penalties, and other sources require significant judgment in determining the probability of loss and the amount of the potential loss. Each
Employee Retirement and Pension Benefits	Employee Retirement and Pension Benefits – We have a defined benefit plan available to certain U.S. hourly employees and several other defined benefit plans located outside of the U.S. that are country specific. The most significant of these plans is in the U.S., which is no longer open to new employees. Amounts relating to these plans are recorded based on actuarial calculations, which use various assumptions, such as discount rates and expected return on assets.
Recently Adopted Accounting Standards and Recent Accounting Standards Not Yet Adopted	Recently Adopted Accounting Standards – In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by the discontinuation of the London Interbank Offered Rate (“LIBOR”) or by another reference rate expected to be discontinued. In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope , to clarify the scope of ASU No. 2020-04. The amendments are effective for all entities as of March 12, 2020 through December 31, 2022. In May 2020, we elected the expedient within ASC 848 which allows us to assume that our hedged interest payments are probable of occurring regardless of any expected modifications in their terms related to reference rate return. In addition, ASC 848 allows for the option to change the method of assessing effectiveness upon a change in critical terms of the derivative or the hedged transactions and upon the end of relief under ASC 848. At this time, we have elected to continue the method of assessing effectiveness as documented in the original hedge documentation and apply the practical expedients related to probability to assume that the reference rate on the hypothetical derivative matches the reference rate on the hedging instrument. We plan to evaluate the remaining expedients for adoption, as applicable, when contracts are modified. Refer to Note 23 - Derivative Financial Instruments for additional disclosure information relating to our hedging activity. In August 2018, the FASB issued ASU No. 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans, which adds, modifies, and clarifies several disclosure requirements for employers that sponsor defined benefit pension or other post retirement plans. We adopted this guidance as of December 31, 2020. The adoption did not have a material impact to our financial statements or related disclosures. In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . To simplify the measurement of goodwill impairments, this ASU eliminates Step 2 from the goodwill impairment test, which required the calculation of the implied fair value of goodwill. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. We adopted this standard in the first quarter of 2020 and the adoption did not have an impact on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The standard requires the measurement and recognition of expected credit losses for financial assets held at amortized cost and adds an impairment model that is based on expected losses rather than incurred losses. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to (Topic 326), Financial Instruments-Credit Losses, (Topic 815), Derivatives and Hedging, and (Topic 825), Financial Instruments , to clarify and address certain items related to the amendments of ASU No. 2016-13. We adopted this standard in the first quarter of 2020 using the modified retrospective approach, which primarily impacted our allowance for doubtful accounts as a result of our analysis of customer historical credit and collections data. Additionally, we recognized a $5.7 million cumulative effect adjustment, net of tax, to retained earnings, which includes a $7.6 million increase to the allowance for doubtful accounts and a $1.9 million net impact to deferred tax assets. Recent Accounting Standards Not Yet Adopted – In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , which removes certain exceptions to the general principles of ASC 740, including, but not limited to, accounting relating to intraperiod tax allocations, deferred tax liabilities related to outside basis differences, and year to date losses in interim periods. This guidance is effective for fiscal years beginning after December 15, 2020. Early adoption is permitted. We are currently assessing the impact of this ASU on our consolidated financial statements and disclosures.

Description of Company and Su_3

Description of Company and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of Property and Equipment Useful Life	Depreciation is generally provided over the following estimated useful service lives: Land improvements 10 - 20 years Buildings 15 - 45 years Machinery and equipment 3 - 20 years (amounts in thousands) 2020 2019 Land improvements $ 32,312 $ 34,211 Buildings 536,376 511,563 Machinery and equipment 1,508,979 1,423,809 Total depreciable assets 2,077,667 1,969,583 Accumulated depreciation (1,349,423) (1,252,092) 728,244 717,491 Land 72,525 69,262 Construction in progress 71,816 77,622 Total property and equipment, net $ 872,585 $ 864,375 (amounts in thousands) 2020 2019 2018 Cost of sales $ 88,551 $ 84,449 $ 85,357 Selling, general and administrative 9,594 9,882 8,699 Total depreciation expense $ 98,145 $ 94,331 $ 94,056
Schedule of Finite-Lived Intangible Assets Useful Life	Definite lived intangible assets are amortized based on the pattern of economic benefit over the following estimated useful lives: Trademarks and trade names 5 - 40 years Software 3 - 10 years Licenses and rights 3 - 14 years Customer relationships 4 - 20 years Patents 5 - 25 years The cost and accumulated amortization values of our intangible assets were as follows: December 31, 2020 (amounts in thousands) Cost Accumulated Net Customer relationships and agreements $ 155,006 $ (68,186) $ 86,820 Software 106,697 (26,801) 79,896 Trademarks and trade names 60,699 (9,821) 50,878 Patents, licenses and rights 48,759 (20,298) 28,461 Total amortizable intangibles $ 371,161 $ (125,106) $ 246,055 December 31, 2019 (amounts in thousands) Cost Accumulated Net Customer relationships and agreements $ 151,540 $ (57,326) $ 94,214 Software 92,821 (18,222) 74,599 Trademarks and trade names 58,088 (7,512) 50,576 Patents, licenses and rights 45,392 (14,454) 30,938 Total amortizable intangibles $ 347,841 $ (97,514) $ 250,327

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The fair values of the assets and liabilities acquired of this acquisition are summarized below: (amounts in thousands) Preliminary Allocation Measurement Period Adjustment Final Allocation Fair value of identifiable assets and liabilities: Accounts receivable $ 11,417 $ (420) $ 10,997 Inventories 2,555 (141) 2,414 Other current assets 261 40 301 Property and equipment 3,166 176 3,342 Identifiable intangible assets 17,702 5,735 23,437 Operating lease assets 3,739 — 3,739 Goodwill 26,553 (3,053) 23,500 Other assets 10 — 10 Total assets $ 65,403 $ 2,337 $ 67,740 Accounts payable 2,629 — 2,629 Other current liabilities 1,875 522 2,397 Operating lease liability 3,413 — 3,413 Other liabilities — 1,502 1,502 Total liabilities $ 7,917 $ 2,024 $ 9,941 Purchase price: Cash consideration, net of cash acquired $ 57,486 $ 313 $ 57,799 (amounts in thousands) Preliminary Allocation Measurement Period Adjustment Final Allocation Fair value of identifiable assets and liabilities: Accounts receivable $ 58,714 $ (2,079) $ 56,635 Inventories 97,305 (8,069) 89,236 Other current assets 14,910 (6,137) 8,773 Property and equipment 53,128 26,170 79,298 Identifiable intangible assets 70,057 (1,363) 68,694 Goodwill 64,950 (4,330) 60,620 Other assets 7,283 (3,528) 3,755 Total assets $ 366,347 $ 664 $ 367,011 Accounts payable 29,512 (6,097) 23,415 Current maturities of long-term debt 17,278 803 18,081 Other current liabilities 27,595 4,496 32,091 Long-term debt 47,369 5,129 52,498 Other liabilities 17,551 (2,353) 15,198 Total liabilities $ 139,305 $ 1,978 $ 141,283 Purchase price: Cash consideration, net of cash acquired $ 169,002 $ (1,314) $ 167,688 Contingent consideration 3,898 — 3,898 Gain on previously held shares 20,767 — 20,767 Existing investment in acquired entity 33,483 — 33,483 Non-cash consideration related to acquired intercompany balances (108) — (108) Total consideration, net of cash acquired $ 227,042 $ (1,314) $ 225,728

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Rollforward of Allowance for Doubtful Accounts	The following is a roll forward of our allowance for doubtful accounts as of December 31: (amounts in thousands) 2020 2019 2018 Balance as of January 1, $ (5,967) $ (6,227) $ (4,468) Acquisitions (Note 2) — (235) (1,668) Additions charged to expense (649) (961) (2,769) Additions related to adoption of 2016-09 (7,635) — — Deductions 1,898 1,407 2,301 Currency translation (581) 49 377 Balance at period end $ (12,934) $ (5,967) $ (6,227)

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2020
Inventory Disclosure [Abstract]
Schedule of Inventory	(amounts in thousands) 2020 2019 Raw materials $ 382,698 $ 372,289 Work in process 35,712 38,432 Finished goods 93,818 94,357 Total inventories $ 512,228 $ 505,078

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Depreciation is generally provided over the following estimated useful service lives: Land improvements 10 - 20 years Buildings 15 - 45 years Machinery and equipment 3 - 20 years (amounts in thousands) 2020 2019 Land improvements $ 32,312 $ 34,211 Buildings 536,376 511,563 Machinery and equipment 1,508,979 1,423,809 Total depreciable assets 2,077,667 1,969,583 Accumulated depreciation (1,349,423) (1,252,092) 728,244 717,491 Land 72,525 69,262 Construction in progress 71,816 77,622 Total property and equipment, net $ 872,585 $ 864,375 (amounts in thousands) 2020 2019 2018 Cost of sales $ 88,551 $ 84,449 $ 85,357 Selling, general and administrative 9,594 9,882 8,699 Total depreciation expense $ 98,145 $ 94,331 $ 94,056

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table summarizes the changes in goodwill by reportable segment: (amounts in thousands) North Europe Australasia Total Balance as of December 31, 2018 $ 223,562 $ 279,688 $ 82,692 $ 585,942 Acquisitions 26,553 — — 26,553 Acquisition remeasurements (1,535) — (1,248) (2,783) Sale of business unit (1,343) — — (1,343) Currency translation 265 (5,776) (358) (5,869) Balance as of December 31, 2019 $ 247,502 $ 273,912 $ 81,086 $ 602,500 Currency translation 148 29,485 7,734 37,367 Balance as of December 31, 2020 $ 247,650 $ 303,397 $ 88,820 $ 639,867

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	Definite lived intangible assets are amortized based on the pattern of economic benefit over the following estimated useful lives: Trademarks and trade names 5 - 40 years Software 3 - 10 years Licenses and rights 3 - 14 years Customer relationships 4 - 20 years Patents 5 - 25 years The cost and accumulated amortization values of our intangible assets were as follows: December 31, 2020 (amounts in thousands) Cost Accumulated Net Customer relationships and agreements $ 155,006 $ (68,186) $ 86,820 Software 106,697 (26,801) 79,896 Trademarks and trade names 60,699 (9,821) 50,878 Patents, licenses and rights 48,759 (20,298) 28,461 Total amortizable intangibles $ 371,161 $ (125,106) $ 246,055 December 31, 2019 (amounts in thousands) Cost Accumulated Net Customer relationships and agreements $ 151,540 $ (57,326) $ 94,214 Software 92,821 (18,222) 74,599 Trademarks and trade names 58,088 (7,512) 50,576 Patents, licenses and rights 45,392 (14,454) 30,938 Total amortizable intangibles $ 347,841 $ (97,514) $ 250,327
Finite-lived Intangible Assets Amortization Expense	Intangible assets that become fully amortized are removed from the accounts in the period that they become fully amortized. Amortization expense was recorded as follows: (amounts in thousands) 2020 2019 2018 Amortization expense $ 28,541 $ 30,956 $ 22,208
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Estimated future amortization expense: (amounts in thousands) 2021 $ 32,501 2022 31,707 2023 30,005 2024 29,243 2025 27,775 Thereafter 94,824 $ 246,055

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Schedule of Lease ROU Assets and Liabilities	Lease ROU assets and liabilities at December 31 were as follows: (amounts in thousands) Balance Sheet Location 2020 2019 Assets: Operating Operating lease assets, net $ 214,727 $ 202,053 Finance Property and equipment, net (1) 5,791 4,045 Total lease assets $ 220,518 $ 206,098 Liabilities: Current: Operating Accrued expense and other current liabilities $ 44,319 $ 45,254 Finance Current maturities of long-term debt 1,740 1,280 Noncurrent: Operating Operating lease liability 177,491 164,026 Finance Long-term debt 4,086 2,820 Total lease liability $ 227,636 $ 213,380
Schedule of Components of Lease Expense	The components of lease expense for the years ended December 31 were as follows: (amounts in thousands) 2020 2019 Operating $ 56,066 $ 54,535 Short term 12,803 11,543 Variable 4,989 3,806 Low value 1,714 1,738 Finance 193 90 Total lease costs $ 75,765 $ 71,712 2020 2019 Weighted average remaining lease terms (years): Operating 6.6 6.7 Finance 3.8 3.7 Weighted average discount rate: Operating 4.2% 4.7% Finance 3.5% 4.4%
Schedule of Future Minimum Lease Payment Obligations under Capital Leases	Future minimum lease payment obligations under operating and finance leases are as follows: December 31, 2020 (amounts in thousands) Operating Leases (1) Finance Leases Total 2021 $ 53,958 $ 1,950 $ 55,908 2022 47,133 1,529 48,662 2023 39,399 1,416 40,815 2024 30,854 1,107 31,961 2025 24,219 167 24,386 Thereafter 62,856 67 62,923 Total lease payments 258,419 6,236 264,655 Less: Interest 36,609 410 37,019 Present value of lease liability $ 221,810 $ 5,826 $ 227,636 (1) Operating lease payments include $8.4 million
Schedule of Future Minimum Lease Payment Obligations under Operating Leases	Future minimum lease payment obligations under operating and finance leases are as follows: December 31, 2020 (amounts in thousands) Operating Leases (1) Finance Leases Total 2021 $ 53,958 $ 1,950 $ 55,908 2022 47,133 1,529 48,662 2023 39,399 1,416 40,815 2024 30,854 1,107 31,961 2025 24,219 167 24,386 Thereafter 62,856 67 62,923 Total lease payments 258,419 6,236 264,655 Less: Interest 36,609 410 37,019 Present value of lease liability $ 221,810 $ 5,826 $ 227,636 (1) Operating lease payments include $8.4 million

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2020
Investments, All Other Investments [Abstract]
Equity Method Investments	The results of operations for the equity method investment as of December 31, 2018 is summarized below: (amounts in thousands) Net sales $ 91,234 Gross profit 18,261 Net income 1,752 Adjustment for profit (loss) in inventory (138) Net income attributable to Company 738

Accrued Payroll and Benefits (T

Accrued Payroll and Benefits (Tables)	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Schedule of Accrued Payroll and Benefits	(amounts in thousands) 2020 2019 Accrued vacation $ 49,902 $ 46,746 Accrued payroll and commissions 29,911 23,854 Accrued bonuses 28,100 11,101 Accrued payroll taxes 26,218 11,372 Other accrued benefits 8,052 8,633 Non-U.S. defined contributions and other accrued benefits 9,559 7,680 Total accrued payroll and benefits $ 151,742 $ 109,386

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	(amounts in thousands) 2020 2019 Legal claims provision $ 108,629 $ 79,332 Accrued sales and advertising rebates 87,030 67,250 Current portion of operating lease liability (Note 8) 44,319 45,254 Non-income related taxes 31,436 23,178 Current portion of warranty liability (Note 12) 21,766 21,054 Accrued freight 18,967 10,715 Accrued expenses 15,751 17,278 Deferred revenue 13,453 7,986 Current portion of accrued claim costs relating to self-insurance programs 11,882 12,312 Accrued income taxes payable 11,224 1,999 Current portion of derivative liability (Note 23) 9,778 4,068 Accrued interest payable 3,681 2,126 Current portion of restructuring accrual (Note 20) 1,373 6,051 Total accrued expenses and other current liabilities $ 379,289 $ 298,603

Warranty Liability (Tables)

Warranty Liability (Tables)	12 Months Ended
	Dec. 31, 2020
Product Warranties Disclosures [Abstract]
Analysis of Warranty Liability	An analysis of our warranty liability is as follows: (amounts in thousands) 2020 2019 2018 Balance as of January 1 $ 49,716 $ 46,468 $ 46,256 Current period expense 23,906 20,853 21,822 Liabilities assumed due to acquisition — 2,104 1,550 Experience adjustments 3,213 1,890 1,227 Payments (25,113) (21,818) (23,410) Currency translation 574 219 (977) Balance at period end 52,296 49,716 46,468 Current portion (21,766) (21,054) (20,529) Long-term portion $ 30,530 $ 28,662 $ 25,939

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Our long-term debt, net of original issue discount and unamortized debt issuance costs, consisted of the following: December 31, 2020 December 31, 2020 December 31, 2019 (amounts in thousands) Interest Rate Senior Secured Notes and Senior Notes 4.63% - 6.25% $ 1,050,000 $ 800,000 Term loans 1.06% - 2.15% 588,881 591,153 Finance leases and other financing arrangements 1.25% - 5.95% 113,174 108,613 Mortgage notes 1.65% 29,296 28,175 Installment notes for stock —% — 205 Total Debt 1,781,351 1,528,146 Unamortized debt issuance costs and original issue discounts (13,309) (10,774) Current maturities of long-term debt (66,702) (65,846) Long-term debt $ 1,701,340 $ 1,451,526 Maturities by year, excluding unamortized debt issuance costs and original issue discounts: 2021 $ 66,702 2022 21,901 2023 58,103 2024 545,172 2025 660,985

Deferred Credits and Other Li_2

Deferred Credits and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Deferred Credits and Other Liabilities	Included in deferred credits and other liabilities is the long-term portion of the following liabilities as of December 31: (amounts in thousands) 2020 2019 Warranty liability (Note 12) $ 30,530 $ 28,662 Uncertain tax positions (Note 15) 21,764 20,234 Workers' compensation claims accrual 16,856 14,604 Accrued payroll taxes 10,427 — Environmental contingencies (Note 25) 8,300 — Other liabilities 2,590 3,190 Long term derivative liability (Note 23) 897 — Restructuring accrual (Note 20) 4 992 Total deferred credits and other liabilities $ 91,368 $ 67,682

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	Income (loss) before taxes, equity earnings is comprised of the following for the years ended December 31: (amounts in thousands) 2020 2019 2018 Domestic (loss) income $ (8,791) $ (784) $ 192 Foreign income 125,466 120,829 130,919 Total income before taxes, equity earnings $ 116,675 $ 120,045 $ 131,111
Significant Components of the Provision for Income Taxes	Significant components of the provision for income taxes are as follows for the years ended December 31: (amounts in thousands) 2020 2019 2018 Federal $ 3,053 $ 5,037 $ (9,760) State 756 935 764 Foreign 30,343 29,264 34,742 Current taxes 34,152 35,236 25,746 Federal (8,134) 11,771 (24,445) State 68 6,620 (12,760) Foreign (997) 3,447 1,401 Deferred taxes (9,063) 21,838 (35,804) Total provision (benefit) for income taxes $ 25,089 $ 57,074 $ (10,058)
Schedule of Effective Income Tax Rate Reconciliation	Reconciliation of the U.S. federal statutory income tax rate to our effective tax rate is as follows for the years ended December 31: 2020 2019 2018 (amounts in thousands) Amount % Amount % Amount % Statutory rate $ 24,502 21.0 $ 25,209 21.0 $ 27,515 21.0 State income tax, net of federal benefit (444) (0.4) 3,180 2.6 (1,207) (0.9) Foreign source dividends and deemed inclusions 11,170 9.6 10,797 9.0 16,295 12.4 Valuation allowance (17,489) (15.0) 10,144 8.4 (85,876) (65.5) Nondeductible expenses 1,653 1.4 1,276 1.1 1,097 0.8 Acquisition of ABS — — — — (10,189) (7.8) Equity based compensation 2,185 1.9 2,526 2.1 54 — Foreign tax rate differential 1,613 1.4 1,964 1.6 3,557 2.7 Tax rate differences and credits 26,001 22.3 (1,867) (1.5) 96,231 73.4 Uncertain tax positions (2,685) (2.3) 1,604 1.3 5,443 4.2 Termination of hedge accounting — — 4,533 3.8 — — U.S. Tax Reform (21,797) (18.7) — — (62,836) (47.9) Disposition of subsidiary — — (2,384) (2.0) — — Other 380 0.3 92 0.1 (142) (0.1) Effective rate for continuing operations $ 25,089 21.5% $ 57,074 47.5% $ (10,058) (7.7)%
Schedule of Deferred Tax Assets and Liabilities	Significant deferred tax assets and liabilities are as follows as of December 31: (amounts in thousands) 2020 2019 Net operating loss and tax credit carryforwards $ 180,203 $ 199,889 Operating lease liabilities 58,405 54,448 Employee benefits and compensation 53,135 47,760 Accrued liabilities and other 52,057 38,494 Inventory 6,855 5,842 Investments and marketable securities 2,392 2,768 Allowance for doubtful accounts and notes receivable 3,887 1,641 Gross deferred tax assets 356,934 350,842 Valuation allowance (51,847) (67,664) Deferred tax assets 305,087 283,178 Depreciation and amortization (56,844) (55,994) Operating lease assets (56,370) (52,635) Deferred tax liabilities (113,214) (108,629) Net deferred tax assets $ 191,873 $ 174,549 Balance sheet presentation: Long-term assets $ 199,194 $ 183,837 Long-term liabilities (7,321) (9,288) Net deferred tax assets $ 191,873 $ 174,549
Summary of Valuation Allowance	The following is the activity in our valuation allowance: (amounts in thousands) 2020 2019 2018 Balance as of January 1, $ (67,664) $ (57,571) $ (144,701) Valuation allowances established — (2,001) (260) Changes to existing valuation allowances (2,622) (8,043) 85,828 Release of valuation allowances 20,111 — — Currency translation (1,672) (49) 1,562 Balance as of December 31, $ (51,847) $ (67,664) $ (57,571)
Summary of Operating Loss Carryforwards	At December 31, 2020, our federal, state and foreign NOL carryforwards totaled $1,428.9 million, of which $94.1 million does not expire and the remainder expires as follows: (amounts in thousands) 2021 $ 15,323 2022 16,079 2023 29,905 2024 60,070 Thereafter 1,213,430 Total loss carryforwards $ 1,334,807
Summary of Tax Credit Carryforwards	Our tax credit carryforwards expire as follows: (amounts in thousands) EZ Credit R & E credit Foreign Tax Credit Work Opportunity & Welfare to Work Credit State Investment Tax Credits Tip Credit TOTAL 2021 $ — $ 194 $ — $ — $ 24 $ — $ 218 2022 — 173 1,061 — 11 — 1,245 2023 — 14 5,735 — 1,687 — 7,436 2024 — 147 3,514 — 87 — 3,748 2025 — 164 4,863 — 4 — 5,031 Thereafter 68 11,277 3,108 7,326 66 102 21,947 $ 68 $ 11,969 $ 18,281 $ 7,326 $ 1,879 $ 102 $ 39,625
Summary of Income Tax Contingencies	A reconciliation of the beginning and ending amounts of unrecognized tax benefits excluding interest and penalties is as follows: (amounts in thousands) 2020 2019 2018 Balance as of January 1, $ 16,205 $ 15,500 $ 12,616 Increase for tax positions taken during the prior period 1,105 1,383 3,397 Decrease for settlements with taxing authorities (34) (426) (157) (Decrease) increase for tax positions taken during the current period — (38) 300 Decrease due to statute expiration (1,569) — — Other decreases — — (92) Currency translation 1,288 (214) (564) Balance at period end - unrecognized tax benefit 16,995 16,205 15,500 Accrued interest and penalties 5,567 5,671 3,677 $ 22,562 $ 21,876 $ 19,177

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Reportable Segments, by Segment	The following tables set forth certain information relating to our segments’ operations: (amounts in thousands) North Europe Australasia Total Operating Corporate Total Year Ended December 31, 2020 Total net revenues $ 2,529,960 $ 1,189,974 $ 529,882 $ 4,249,816 $ — $ 4,249,816 Intersegment net revenues (967) (2,197) (10,975) (14,139) — (14,139) Net revenues from external customers $ 2,528,993 $ 1,187,777 $ 518,907 $ 4,235,677 $ — $ 4,235,677 Depreciation and amortization $ 77,361 $ 29,712 $ 19,341 $ 126,414 $ 8,209 $ 134,623 Impairment and restructuring charges 3,164 3,682 320 7,166 3,303 10,469 Adjusted EBITDA 315,952 136,363 62,449 514,764 (68,350) 446,414 Capital expenditures 34,815 32,353 10,207 77,375 19,521 96,896 Segment assets $ 1,498,778 $ 1,152,251 $ 598,411 $ 3,249,440 $ 715,245 $ 3,964,685 Year Ended December 31, 2019 Total net revenues $ 2,535,810 $ 1,178,589 $ 585,341 $ 4,299,740 $ — $ 4,299,740 Intersegment net revenues (1,474) (148) (8,357) (9,979) — (9,979) Net revenues from external customers $ 2,534,336 $ 1,178,441 $ 576,984 $ 4,289,761 $ — $ 4,289,761 Depreciation and amortization $ 81,905 $ 28,944 $ 17,787 $ 128,636 $ 5,333 $ 133,969 Impairment and restructuring charges 7,301 6,182 7,111 20,594 957 21,551 Adjusted EBITDA 267,335 116,193 74,484 458,012 (42,974) 415,038 Capital expenditures 46,799 23,611 32,619 103,029 33,163 136,192 Segment assets $ 1,530,135 $ 974,076 $ 510,845 $ 3,015,056 $ 366,276 $ 3,381,332 Year Ended December 31, 2018 Total net revenues $ 2,462,914 $ 1,216,204 $ 681,160 $ 4,360,278 $ — $ 4,360,278 Intersegment net revenues (1,281) (905) (11,245) (13,431) — (13,431) Net revenues from external customers $ 2,461,633 $ 1,215,299 $ 669,915 $ 4,346,847 $ — $ 4,346,847 Depreciation and amortization $ 71,945 $ 31,132 $ 17,730 $ 120,807 $ 4,293 $ 125,100 Impairment and restructuring charges 4,933 6,111 7,170 18,214 (886) 17,328 Adjusted EBITDA 279,526 122,810 90,885 493,221 (34,003) 459,218 Capital expenditures 57,805 25,369 12,146 95,320 23,380 118,700 Segment assets $ 1,355,101 $ 898,901 $ 482,493 $ 2,736,495 $ 311,030 $ 3,047,525
Reconciliation of Net Income to Adjusted EBITDA	Reconciliations of net income to Adjusted EBITDA are as follows: Year Ended (amounts in thousands) 2020 2019 2018 Net income $ 91,586 $ 62,971 $ 141,907 Equity earnings of non-consolidated entities — — (738) Income tax expense (benefit) 25,089 57,074 (10,058) Depreciation and amortization 134,623 133,969 125,100 Interest expense, net 74,800 71,778 70,818 Impairment and restructuring charges (1) 10,732 22,748 17,328 Gain on previously held shares of equity investment — — (20,767) (Gain) loss on sale of property and equipment (4,153) 1,745 144 Share-based compensation expense 16,399 13,315 15,052 Non-cash foreign exchange transaction/translation loss (income) 12,904 3,438 (1,267) Other items (2) 84,282 47,266 117,546 Costs relating to debt restructuring and debt refinancing 170 — 294 Other non-cash items (3) (18) 734 3,859 Adjusted EBITDA $ 446,414 $ 415,038 $ 459,218 (1) Impairment and restructuring charges consist of (i) impairment and restructuring charges that are included in our accompanying audited consolidated statements of operations plus (ii) additional charges relating to inventory and/or manufacturing of our products that are included in cost of sales in our accompanying audited consolidated statements of operations $263, $1,197, and $0 for the years ended December 31, 2020, 2019, and 2018, respectively. For further explanation of impairment and restructuring charges that are included in our consolidated statements of operations, see Note 20 - Impairment and Restructuring Charges in our financial statements. (2) Other non-recurring items not core to ongoing business activity include: (i) i n the year ended December 31, 2020 (1) $67,130 in legal costs and accruals and professional expenses relating primarily to litigation, (2) $7,467 in expenses related to environmental matters, (3) $6,724 in facility closure, consolidation, and startup costs , (4) $1,235 one-time lease termination charges, and (5) $1,142 of realized losses on hedges of intercompany notes; (ii) i n the year ended December 31, 2019, (1) $19,147 in facility closure, consolidation, and startup costs, (2) $14,963 in acquisition and integration costs including $7,077 related to purchase price structured by the former owners as retention payments for key employees of a recent acquisition, (3) $12,860 in legal costs and professional expenses relating primarily to litigation, (4) ($3,053) of realized gains on hedges of intercompany notes, (5) $1,893 in miscellaneous costs, (6) $731 in equity compensation to employees in our Australasia region, and (7) $725 in costs related to departure of former executives; (iii) i n the year ended December 31, 2018, (1) $76,500 in litigation contingency accruals, (2) $26,529 in legal costs and professional expenses relating primarily to litigation, (3) $10,324 in acquisition and integration costs, (4) ($5,396) of realized gains on hedges of intercompany notes, (5) $3,856 in costs related to the departure of former executives, (6) $2,901 in entity consolidation and reorganization costs , (7) $2,347 in miscellaneous costs, and (8) $485 in stock compensation payroll taxes. (3) Other non-cash items include $734 and $3,740 for inventory adjustments in the years ended December 31, 2019 and December 31, 2018, respectively.
Revenue from External Customers by Geographic Areas	Net revenues by locality are as follows for the years ended December 31,: (amounts in thousands) 2020 2019 2018 Net revenues by location of external customer Canada $ 188,041 $ 187,095 $ 201,134 U.S. 2,322,079 2,327,186 2,228,748 South America (including Mexico) 22,323 29,637 34,422 Europe 1,212,810 1,195,207 1,239,732 Australia 485,852 544,140 634,976 Africa and other 4,572 6,496 7,835 Total $ 4,235,677 $ 4,289,761 $ 4,346,847
Long-lived Assets by Geographic Areas	Geographic information regarding property, plant, and equipment which exceed 10% of consolidated property, plant, and equipment used in continuing operations is as follows for the years ended December 31,: (amounts in thousands) 2020 2019 2018 U.S. $ 469,092 $ 485,278 $ 459,506 Other 27,722 28,096 24,911 North America 496,814 513,374 484,417 Europe 203,424 181,390 181,038 Australia 118,778 115,335 113,922 Other 32,944 28,786 10,297 Australasia 151,722 144,121 124,219 Corporate (U.S.) 20,625 25,490 53,729 Total property and equipment, net $ 872,585 $ 864,375 $ 843,403

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The basic and diluted income per share calculations were determined based on the following share data : 2020 2019 2018 Weighted average outstanding shares of Common Stock basic 100,633,392 100,618,105 104,530,572 Restricted stock units, performance share units, and options to purchase Common Stock 1,048,589 846,220 1,830,085 Weighted average outstanding shares of Common Stock diluted 101,681,981 101,464,325 106,360,657
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table provides the securities that could potentially dilute basic earnings per share in the future but were not included in the computation of diluted income per share as their inclusion would be anti-dilutive: 2020 2019 2018 Common Stock options 1,721,921 1,657,437 1,019,930 Restricted stock units 367,461 50,113 87,720 Performance share units 249,084 9,704 84,809

Stock Compensation (Tables)

Stock Compensation (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock Options, Valuation Assumptions	Key assumptions used in the valuation models were as follows for the years ended December 31: 2020 2019 2018 Expected volatility 37.52% - 37.66% 37.90% - 40.02% 34.81% -39.68% Expected dividend yield rate 0.00% 0.00% 0.00% Weighted average term (in years) 5.5 - 6.5 5.5 - 6.5 5.5 - 6.5 Weighted average grant date fair value $9.45 $8.32 $12.98 Risk free rate 1.39% - 1.44% 1.79% - 2.50% 2.04% - 2.96%
Stock Option Activity Rollforward	The following table represents stock option activity: Shares Weighted Average Exercise Price Per Share Aggregate Intrinsic Value (millions) Weighted Average Remaining Contract Term in Years Outstanding as of January 1, 2018 4,926,668 $ 14.56 Granted 838,912 32.16 Exercised (1,548,484) 13.79 Forfeited (884,391) 18.80 Balance as of December 31, 2018 3,332,705 $ 18.22 Granted 443,170 20.94 Exercised (641,706) 10.56 Forfeited (301,370) 26.07 Balance as of December 31, 2019 2,832,799 $ 19.55 Granted 407,607 24.30 Exercised (335,553) 12.27 Forfeited (273,022) 27.53 Balance as of December 31, 2020 2,631,831 $ 20.41 $ 16.5 5.6 Exercisable as of December 31, 2020 1,781,797 $ 18.47 $ 14.7 4.3
RSU and PSU Activity Rollforward	The following table represents RSU activity: Shares Weighted Average Grant-Date Fair Value Per Share Outstanding as of January 1, 2018 562,368 $ 27.51 Granted 766,927 29.14 Vested (124,560) 25.21 Forfeited (530,867) 29.69 Balance as of December 31, 2018 673,868 $ 28.07 Granted 952,801 20.07 Vested (232,666) 30.08 Forfeited (154,498) 23.38 Balance as of December 31, 2019 1,239,505 $ 22.13 Granted 865,091 19.62 Vested (138,245) 26.22 Forfeited (179,554) 23.63 Balance as of December 31, 2020 1,786,797 $ 21.43 The following table represents PSU activity for the awarded shares at target performance measures: Shares Weighted Average Grant-Date Fair Value Per Share Outstanding as of January 1, 2018 — $ — Granted 193,763 31.60 Forfeited (19,093) 33.31 Balance as of December 31, 2018 174,670 $ 31.41 Granted 401,935 22.21 Forfeited (65,832) 25.24 Balance as of December 31, 2019 510,773 $ 24.97 Granted 311,275 25.50 Forfeited (77,585) 25.96 Balance as of December 31, 2020 744,463 $ 25.09

Impairment and Restructuring _2

Impairment and Restructuring Charges (Tables)	12 Months Ended
	Dec. 31, 2020
Restructuring and Related Activities [Abstract]
Impairment and Restructuring Costs	(amounts in thousands) North Europe Australasia Corporate Total Year Ended December 31, 2020 Severance costs $ 2,057 $ 2,503 $ 564 $ (10) $ 5,114 Other exit costs (1) 235 (370) (46) (182) Total restructuring costs 2,056 2,738 194 (56) 4,932 Impairments 1,108 944 126 3,359 5,537 Total impairment and restructuring charges $ 3,164 $ 3,682 $ 320 $ 3,303 $ 10,469 Year Ended December 31, 2019 Severance costs $ 3,595 $ 5,391 $ 3,542 $ 1,012 $ 13,540 Other exit costs (220) 634 1,027 (55) 1,386 Total restructuring costs 3,375 6,025 4,569 957 14,926 Impairments 3,926 157 2,542 — 6,625 Total impairment and restructuring charges $ 7,301 $ 6,182 $ 7,111 $ 957 $ 21,551 Year Ended December 31, 2018 Severance costs $ 2,779 $ 5,877 $ 2,884 $ 226 $ 11,766 Other exit costs 1,460 256 4,286 (1,670) 4,332 Total restructuring costs 4,239 6,133 7,170 (1,444) 16,098 Impairments 694 (22) — 558 1,230 Total impairment and restructuring charges $ 4,933 $ 6,111 $ 7,170 $ (886) $ 17,328
Schedule of Restructuring Reserve by Type of Cost	The following is a summary of the restructuring accruals recorded and charges incurred: (amounts in thousands) Beginning Additions Payments Ending December 31, 2020 Severance costs $ 5,314 $ 5,114 $ (9,096) $ 1,332 Other exit costs 1,729 (182) (1,502) 45 Total $ 7,043 $ 4,932 $ (10,598) $ 1,377 December 31, 2019 Severance costs $ 5,352 $ 13,540 $ (13,578) $ 5,314 Other exit costs 3,287 1,386 (2,944) 1,729 Total $ 8,639 $ 14,926 $ (16,522) $ 7,043 December 31, 2018 Severance costs $ 7,232 $ 11,766 $ (13,646) $ 5,352 Other exit costs 3,807 4,332 (4,852) 3,287 Total $ 11,039 $ 16,098 $ (18,498) $ 8,639

Other Income (Tables)

Other Income (Tables)	12 Months Ended
	Dec. 31, 2020
Other Income and Expenses [Abstract]
Schedule of Other Income	The table below summarizes the amounts included in other income in the accompanying consolidated statements of operations: (amounts in thousands) 2020 2019 2018 Foreign currency losses (gains) $ 11,858 $ (7,361) $ (11,258) Governmental pandemic assistance reimbursement (7,377) — — (Gain) loss on sale of business units, property, and equipment (4,122) (1,506) 556 Pension expense 1,646 10,738 6,975 Insurance reimbursement (1,388) — — Other items (3,369) (2,033) (2,852) Legal settlement income — (1,247) (7,541) Gain on previously held shares of an equity investment — — (20,767) Total other income $ (2,752) $ (1,409) $ (34,887)

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair values of derivative instruments held are as follows: Derivative assets (amounts in thousands) Balance Sheet Location December 31, 2020 December 31, 2019 Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ 542 $ 1,372 Interest rate cap contracts Other assets $ — $ 6 Derivatives liabilities (amounts in thousands) Balance Sheet Location December 31, 2020 December 31, 2019 Derivatives designated as hedging instruments: Interest rate contracts Accrued expenses and other current liabilities $ 955 $ — Interest rate contracts Deferred credits and other liabilities $ 897 $ — Derivatives not designated as hedging instruments: Foreign currency forward contracts Accrued expenses and other current liabilities $ 8,823 $ 4,068

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The recorded carrying amounts and fair values of these instruments were as follows: December 31, 2020 (amounts in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Assets measured at NAV (1) Assets: Cash equivalents $ 380,236 $ 380,236 $ — $ 380,236 $ — $ — Derivative assets, recorded in other current assets 542 542 — 542 — — Pension plan assets: Cash and short-term investments 8,157 8,157 — 8,157 — — U.S. Government and agency obligations 25,629 25,629 25,629 — — — Corporate and foreign bonds 118,458 118,458 — 118,458 — — Equity securities 33,099 33,099 33,099 — — — Mutual funds 78,810 78,810 — 78,810 — — Common and collective funds 144,171 144,171 — — — 144,171 Liabilities: Debt, recorded in long-term debt and current maturities of long-term debt $ 1,781,351 $ 1,834,057 $ — $ 1,834,057 $ — $ — Derivative liabilities, recorded in accrued expenses and other current liabilities 9,778 9,778 — 9,778 — — Derivative liabilities, recorded in deferred credits and other liabilities 897 897 — 897 — December 31, 2019 (amounts in thousands) Carrying Amount Total Level 1 Level 2 Level 3 Assets measured at NAV (1) Assets: Cash equivalents $ — $ — $ — $ — $ — $ — Derivative assets, recorded in other current assets 1,372 1,372 — 1,372 — — Derivative assets, recorded in other assets 6 6 — 6 — — Pension plan assets: Cash and short-term investments 8,787 8,787 — 8,787 — — U.S. Government and agency obligations 25,206 25,206 25,206 — — — Corporate and foreign bonds 104,430 104,430 — 104,430 — — Equity securities 28,249 28,249 28,249 — — — Mutual funds 70,230 70,230 — 70,230 — — Common and collective funds 132,600 132,600 — — — 132,600 Liabilities: Debt, recorded in long-term debt and current maturities of long-term debt $ 1,528,146 $ 1,554,425 $ — $ 1,554,425 $ — $ — Derivative liabilities, recorded in accrued expenses and other current assets 4,068 4,068 — 4,068 — — (1) Certain pension assets that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. These include investments in large cap equity and commingled real estate funds, which are valued using the NAV provided by the administrator of the funds. Redemption of these funds is not subject to restriction.

Employee Retirement and Pensi_2

Employee Retirement and Pension Benefits (Tables)	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic benefit cost are summarized as follows for the years ended December 31: (amounts in thousands) Components of pension benefit expense - U.S. benefit plan 2020 2019 2018 Service cost $ 3,090 $ 4,890 $ 4,170 Interest cost 12,236 14,861 13,180 Expected return on plan assets (21,860) (18,622) (20,769) Amortization of net actuarial pension loss 6,852 8,919 9,314 Pension benefit expense $ 318 $ 10,048 $ 5,895 Discount rate used to determine benefit costs 3.31% 4.27% 3.47% Expected long-term rate of return on assets 6.25% 6.25% 6.25% Compensation increase rate N/A N/A N/A (amounts in thousands) Components of pension benefit expense - Non-U.S. benefit plans 2020 2019 2018 Service cost $ 2,548 $ 2,386 $ 2,070 Interest cost 908 1,398 1,417 Expected return on plan assets (435) (589) (833) Amortization of net actuarial pension loss 849 225 189 Pension benefit expense $ 3,870 $ 3,420 $ 2,843 Discount rate 0.2% - 7.8% 0.6% - 8.5% 0.2% - 9.0% Expected long-term rate of return on assets 0.0% - 4.6% 0.0% - 5.8% 0.0% - 5.3% Compensation increase rate 0.5% - 7.0% 0.5% - 7.0% 0.5% - 7.0%
Schedule of Changes in Fair Value of Plan Assets	(amounts in thousands) Change in fair value of plan assets - U.S. benefit plan 2020 2019 Balance as of January 1, $ 358,577 $ 302,763 Actual return on plan assets 47,391 69,767 Company contribution 12,619 7,760 Benefits paid (18,538) (16,751) Administrative expenses paid (3,196) (4,962) Balance at period end $ 396,853 $ 358,577 (amounts in thousands) Change in fair value of plan assets - Non-U.S. benefit plans 2020 2019 Balance as of January 1, $ 10,924 $ 12,676 Actual (loss) return on plan assets (106) 1,398 Company contribution 190 236 Benefits paid (547) (3,272) Administrative expenses paid (13) (21) Cumulative translation adjustment 1,023 (93) Balance at period end $ 11,471 $ 10,924
Schedule of Allocation of Plan Assets	The plan’s investments as of December 31 are summarized below: % of Plan Assets Summary of plan investments - U.S. benefit plan 2020 2019 Equity securities 8.3 7.9 Debt securities 36.3 36.1 Other 55.4 56.0 100.0 100.0 The investments of the non-U.S. plans as of December 31 are summarized below: % of Plan Assets Summary of plan investments - Non-U.S. benefit plans 2020 2019 Equity securities 50.3 45.8 Debt securities 19.8 20.7 Other 29.9 33.5 100.0 100.0
Schedule of Changes in Projected Benefit Obligations	The plan’s projected benefit obligation is determined by using weighted-average assumptions made on December 31, of each year as summarized below: (amounts in thousands) Change in projected benefit obligation - U.S. benefit plan 2020 2019 Balance as of January 1, $ 433,408 $ 383,936 Service cost 3,090 4,890 Interest cost 12,236 14,861 Actuarial loss 47,085 51,434 Benefits paid (18,538) (16,751) Administrative expenses paid (3,196) (4,962) Balance at period end $ 474,085 $ 433,408 Discount rate 2.55% 3.31% Compensation increase rate N/A N/A The projected benefit obligation for the non-U.S. plans is determined by using weighted-average assumptions made on December 31, 2020 of each year as summarized below: (amounts in thousands) Change in projected benefit obligation - Non-U.S. benefit plans 2020 2019 Balance as of January 1, $ 47,707 $ 42,803 Service cost 2,548 2,655 Interest cost 908 1,405 Actuarial loss 786 6,084 Benefits paid (2,756) (5,240) Administrative expenses paid (15) (21) Cumulative translation adjustment 4,693 21 Balance at period end $ 53,871 $ 47,707 Discount rate 0.2% - 7.8% 0.6% - 8.5% Compensation increase rate 1.0% - 7.0% 0.5% - 7.0%
Schedule of Expected Benefit Payments	As of December 31, 2020, the plan’s estimated benefit payments for the next ten years are as follows (amounts in thousands): 2021 $ 18,142 2022 19,052 2023 19,836 2024 20,595 2025 21,251 2026-2030 112,711 2021 $ 1,991 2022 2,114 2023 2,523 2024 2,631 2025 2,483 2026-2030 11,901
Schedule of Net Funded Status	The plan’s funded status as of December 31 is as follows: (amounts in thousands) Unfunded pension liability - U.S. benefit plan 2020 2019 Projected benefit obligation at end of period $ 474,085 $ 433,408 Fair value of plan assets at end of period (396,853) (358,577) Unfunded pension liability $ 77,232 $ 74,831 The funded status of these plans as of December 31 are as follows: (amounts in thousands) Unfunded pension liability - Non-U.S. benefit plans 2020 2019 Projected benefit obligation at end of period $ 53,871 $ 47,707 Fair value of plan assets at end of period (11,471) (10,924) Net pension liability $ 42,400 $ 36,783 Long-term unfunded pension liability $ 37,845 $ 33,106 Current portion 6,234 5,605 Total unfunded pension liability $ 44,079 $ 38,711 Total overfunded pension liability $ 1,679 $ 1,928
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)	Net actuarial pension losses are recorded in consolidated other comprehensive income (loss) for the years ended December 31 are as follows: (amounts in thousands) Accumulated other comprehensive loss - U.S. benefit plan 2020 2019 2018 Net actuarial pension loss beginning of period $ 87,459 $ 96,090 $ 112,632 Amortization of net actuarial loss (6,852) (8,919) (9,314) Net loss (gain) occurring during year 21,554 288 (7,228) Net actuarial pension loss at end of period 102,161 87,459 96,090 Tax benefit (6,860) (3,145) (5,344) Net actuarial pension loss at end of period, net of tax $ 95,301 $ 84,314 $ 90,746 Net actuarial pension losses are recorded in consolidated other comprehensive income (loss) for the years ended December 31 are as follows: (amounts in thousands) Accumulated other comprehensive loss - Non-U.S. benefit plans 2020 2019 2018 Net actuarial pension loss beginning of period $ 12,237 $ 7,450 $ 7,359 Amortization of net actuarial loss (849) (553) (1,442) Net gain occurring during year 1,339 5,232 1,462 Cumulative translation adjustment 84 108 71 Net actuarial pension loss at end of period 12,811 12,237 7,450 Tax benefit (3,043) (2,958) (1,911) Net actuarial pension loss at end of period, net of tax $ 9,768 $ 9,279 $ 5,539

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2020
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Year Ended (amounts in thousands) December 31, 2020 December 31, 2019 December 31, 2018 Cash Operating Activities: Operating leases $ 58,235 $ 55,141 $ — Finance leases 193 131 — Cash paid for amounts included in the measurement of lease liabilities $ 58,428 $ 55,272 $ — Cash Investing Activities: Issuances of notes receivable $ (57) $ (58) $ (77) Cash received on notes receivable 642 469 351 Change in notes receivable $ 585 $ 411 $ 274 Non-cash Investing Activities: Property, equipment and intangibles purchased in accounts payable $ 5,862 $ 10,439 $ 6,961 Property, equipment and intangibles purchased for debt 18,813 40,323 32,262 Customer accounts receivable converted to notes receivable 843 565 110 Cash Financing Activities: Proceeds from issuance of new debt $ 250,000 $ 124,375 $ 38,823 Borrowings on long-term debt 100,941 358,027 464,119 Payments of long-term debt (135,250) (468,637) (432,122) Payments of debt issuance and extinguishment costs, including underwriting fees (4,833) (664) (352) Change in long-term debt $ 210,858 $ 13,101 $ 70,468 Cash paid for amounts included in the measurement of finance lease liabilities $ 1,721 $ 917 $ — Non-cash Financing Activities: Prepaid insurance funded through short-term debt borrowings $ 10,785 $ 4,948 $ 2,757 Prepaid ERP costs funded through short-term debt borrowings — 3,919 — Shares surrendered for tax obligations for employee share-based transactions in accrued liabilities — 469 7 Accounts payable converted to installment notes 914 757 12,886 Other Supplemental Cash Flow Information: Cash taxes paid, net of refunds $ 20,443 $ 26,656 $ 46,295 Cash interest paid 71,659 71,181 68,892

Description of Company and Su_4

Description of Company and Summary of Significant Accounting Policies - Narratives (Details) - USD ($)	Jan. 01, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Nov. 04, 2019	Oct. 31, 2019	Apr. 30, 2018
Conversion of Stock
Share repurchase program authorized						$ 145,000,000	$ 250,000,000
Shares remaining for repurchase		$ 170,000,000			$ 175,000,000
Common stock repurchased		5,000,000	$ 19,994,000	$ 125,030,000
Deferred credits and other liabilities		91,368,000	67,682,000
Accrued payroll and benefits		151,742,000	109,386,000
Finite-lived intangible assets impairment		0	0	0
Advertising costs		31,700,000	40,000,000	43,400,000
Adoption of new accounting standard		(371,462,000)	(290,583,000)
Accounts receivable, allowance for credit loss, period increase (decrease)		7,635,000	0	0
Net impact to deferred tax assets		191,873,000	174,549,000
Cumulative Effect, Period of Adoption, Adjustment
Conversion of Stock
Accounts receivable, allowance for credit loss, period increase (decrease)	$ 7,600,000
Net impact to deferred tax assets			1,900,000
Customer Display
Conversion of Stock
Amortization of capitalized display costs		$ 7,900,000	$ 8,700,000	$ 9,000,000
Minimum
Conversion of Stock
Development costs		3 years
Lessee renewal term		1 year
Product warranty		1 year
Minimum | Customer Display
Conversion of Stock
Deferred amortization advertising costs		3 years
Maximum
Conversion of Stock
Development costs		5 years
Lessee renewal term		20 years
Product warranty		10 years
Maximum | Customer Display
Conversion of Stock
Deferred amortization advertising costs		4 years
Customer Concentration Risk | Accounts Receivable | Largest Customer
Conversion of Stock
Concentration risk		19.20%	17.60%
Europe
Conversion of Stock
Deferred credits and other liabilities		$ 11,500,000
Australia
Conversion of Stock
Deferred credits and other liabilities		1,800,000
CARES Act, Deferral Of Social Security Tax
Conversion of Stock
Deferred credits and other liabilities		20,900,000
Accrued payroll and benefits		$ 10,400,000
Common Stock
Conversion of Stock
Shares repurchased (in shares)		265,589	1,192,419	5,287,964
Retained Earnings | Cumulative Effect, Period of Adoption, Adjustment
Conversion of Stock
Adoption of new accounting standard			$ 5,700,000
Jeld-wen | Common Class A | Onex Partners
Conversion of Stock
Voting rights		33.00%

Description of Company and Su_5

Description of Company and Summary of Significant Accounting Policies - Property, Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2020
Land improvements | Minimum
Property, Plant and Equipment [Line Items]
Fixed assets useful life	10 years
Land improvements | Maximum
Property, Plant and Equipment [Line Items]
Fixed assets useful life	20 years
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Fixed assets useful life	15 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Fixed assets useful life	45 years
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Fixed assets useful life	3 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Fixed assets useful life	20 years

Description of Company and Su_6

Description of Company and Summary of Significant Accounting Policies - Schedule of Finite-lived Intangible Assets (Details)	3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2020	Sep. 26, 2020	Dec. 31, 2020
Trademarks and trade names | Minimum
Finite-Lived Intangible Assets
Finite-lived intangible assets			5 years
Trademarks and trade names | Maximum
Finite-Lived Intangible Assets
Finite-lived intangible assets			40 years
Software
Finite-Lived Intangible Assets
Finite-lived intangible assets	10 years	15 years
Software | Minimum
Finite-Lived Intangible Assets
Finite-lived intangible assets			3 years
Software | Maximum
Finite-Lived Intangible Assets
Finite-lived intangible assets			10 years
Licenses and rights | Minimum
Finite-Lived Intangible Assets
Finite-lived intangible assets			3 years
Licenses and rights | Maximum
Finite-Lived Intangible Assets
Finite-lived intangible assets			14 years
Customer relationships | Minimum
Finite-Lived Intangible Assets
Finite-lived intangible assets			4 years
Customer relationships | Maximum
Finite-Lived Intangible Assets
Finite-lived intangible assets			20 years
Patents | Minimum
Finite-Lived Intangible Assets
Finite-lived intangible assets			5 years
Patents | Maximum
Finite-Lived Intangible Assets
Finite-lived intangible assets			25 years

Acquisitions - Fair Value of As

Acquisitions - Fair Value of Assets and Liabilities Acquired (Details) - USD ($) $ in Thousands	Mar. 28, 2020	Mar. 30, 2019	Mar. 30, 2019	Mar. 31, 2018	Dec. 31, 2020	Mar. 28, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair value of identifiable assets and liabilities:
Goodwill					$ 639,867		$ 602,500	$ 585,942
Measurement Period Adjustment
Operating lease assets						$ 0
Goodwill							(2,783)
Other assets						0
Accounts payable						0
Operating lease liability						0
Purchase price:
Cash consideration, net of cash acquired					0		57,799	167,688
Gain on previously held shares				$ 20,767	$ 0		$ 0	20,767
VPI
Fair value of identifiable assets and liabilities:
Accounts receivable	$ 10,997	$ 11,417	$ 11,417			10,997
Inventories	2,414	2,555	2,555			2,414
Other current assets	301	261	261			301
Property and equipment	3,342	3,166	3,166			3,342
Identifiable intangible assets	23,437	17,702	17,702			23,437
Operating lease assets	3,739	3,739	3,739			3,739
Goodwill	23,500	26,553	26,553			23,500
Other assets	10	10	10			10
Total assets	67,740	65,403	65,403			67,740
Accounts payable	2,629	2,629	2,629			2,629
Other current liabilities	2,397	1,875	1,875			2,397
Operating lease liability	3,413	3,413	3,413			3,413
Other liabilities	1,502	0	0			1,502
Total liabilities	9,941	7,917	7,917			9,941
Measurement Period Adjustment
Accounts receivable						(420)
Inventories						(141)
Other current assets						40
Property and equipment						176
Identifiable intangible assets						5,735
Goodwill						(3,053)
Total assets						2,337
Other current liabilities						522
Other liabilities						1,502
Total liabilities						2,024
Total consideration, net of cash acquired						$ 313
Purchase price:
Cash consideration, net of cash acquired	57,799		57,486
2018 Acquisitions
Fair value of identifiable assets and liabilities:
Accounts receivable		56,635	56,635					58,714
Inventories		89,236	89,236					97,305
Other current assets		8,773	8,773					14,910
Property and equipment		79,298	79,298					53,128
Identifiable intangible assets		68,694	68,694					70,057
Goodwill		60,620	60,620					64,950
Other assets		3,755	3,755					7,283
Total assets		367,011	367,011					366,347
Accounts payable		23,415	23,415					29,512
Current maturities of long-term debt		18,081	18,081					17,278
Other current liabilities		32,091	32,091					27,595
Long-term debt		52,498	52,498					47,369
Other liabilities		15,198	15,198					17,551
Total liabilities		141,283	141,283					139,305
Measurement Period Adjustment
Accounts receivable	(2,079)
Inventories	(8,069)
Other current assets	(6,137)
Property and equipment	26,170
Identifiable intangible assets	(1,363)
Goodwill	(4,330)
Other assets	(3,528)
Total assets	664
Accounts payable	(6,097)
Current maturities of long-term debt	803
Other current liabilities	4,496
Long-term debt	5,129
Other liabilities	(2,353)
Total liabilities	1,978
Cash consideration, net of cash acquired	(1,314)
Total consideration, net of cash acquired	$ (1,314)
Purchase price:
Cash consideration, net of cash acquired		167,688						169,002
Contingent consideration		3,898	$ 3,898					3,898
Gain on previously held shares		20,767						20,767
Existing investment in acquired entity		33,483						33,483
Non-cash consideration related to acquired intercompany balances		(108)						(108)
Total consideration, net of cash acquired		$ 225,728						$ 227,042

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 29, 2018USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)acquisition	Mar. 28, 2020USD ($)	Mar. 30, 2019USD ($)
Business Acquisition
Goodwill		$ 639,867	$ 602,500	$ 585,942
Acquisition-related costs			400	10,324
Contingent consideration for acquisitions	$ 3,700	$ 0	$ 0	3,701
VPI
Business Acquisition
Goodwill					$ 23,500	$ 26,553
Intangible assets useful life			8 years
Additional acquisition costs			$ 7,100
2018 Acquisitions
Business Acquisition
Goodwill				$ 64,950		$ 60,620
Intangible assets useful life				16 years
Acquisition-related costs				$ 8,100
Number of businesses acquired | acquisition				4
2018 Acquisitions | 2018 Acquisitions
Business Acquisition
Ownership interest				50.00%

Accounts Receivable - Narrative

Accounts Receivable - Narrative (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Concentration Risk
Accounts receivable, allowance for credit loss, period increase (decrease)		$ 7,635	$ 0	$ 0
Revenue Benchmark | Customer Concentration Risk
Concentration Risk
Concentration risk		15.40%	14.60%	14.20%
Cumulative Effect, Period of Adoption, Adjustment
Concentration Risk
Accounts receivable, allowance for credit loss, period increase (decrease)	$ 7,600

Accounts Receivable - Allowance

Accounts Receivable - Allowance for Doubtful Accounts Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Allowance for Doubtful Accounts Receivable
Balance as of beginning of period	$ (5,967)	$ (6,227)	$ (4,468)
Acquisitions	0	(235)	(1,668)
Additions charged to expense	(649)	(961)	(2,769)
Additions related to adoption of 2016-09	(7,635)	0	0
Deductions	1,898	1,407	2,301
Currency translation	(581)	49	377
Balance as of end of period	$ (12,934)	$ (5,967)	$ (6,227)

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 382,698	$ 372,289
Work in process	35,712	38,432
Finished goods	93,818	94,357
Total inventories	$ 512,228	$ 505,078

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment
Property and equipment	$ 2,077,667	$ 1,969,583
Accumulated depreciation	(1,349,423)	(1,252,092)
Total property and equipment, net	728,244	717,491
Land	72,525	69,262
Construction in progress	71,816	77,622
Total property and equipment, net	872,585	864,375
Land improvements
Property, Plant and Equipment
Property and equipment	32,312	34,211
Buildings
Property, Plant and Equipment
Property and equipment	536,376	511,563
Machinery and equipment
Property, Plant and Equipment
Property and equipment	$ 1,508,979	$ 1,423,809

Property and Equipment, Net - N

Property and Equipment, Net - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total depreciable assets	$ 2,077,667	$ 1,969,583
Accumulated depreciation	1,349,423	1,252,092
Gain (loss) due to currency translations for foreign assets	27,100	(2,000)
Buildings
Property, Plant and Equipment [Line Items]
Total depreciable assets	536,376	511,563
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total depreciable assets	1,508,979	1,423,809
Property plant and equipment
Property, Plant and Equipment [Line Items]
Impairment of assets	$ 2,000	3,700	$ 1,100
Correction
Property, Plant and Equipment [Line Items]
Total depreciable assets		63,900
Accumulated depreciation		63,900
Correction | Buildings
Property, Plant and Equipment [Line Items]
Total depreciable assets		9,300
Correction | Machinery and equipment
Property, Plant and Equipment [Line Items]
Total depreciable assets		$ 54,600

Property and Equipment, Net - D

Property and Equipment, Net - Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Depreciation
Total depreciation expense	$ 98,145	$ 94,331	$ 94,056
Cost of sales
Depreciation
Total depreciation expense	88,551	84,449	85,357
Selling, general and administrative
Depreciation
Total depreciation expense	$ 9,594	$ 9,882	$ 8,699

Goodwill - Rollforward (Details

Goodwill - Rollforward (Details)	12 Months Ended
	Dec. 31, 2020USD ($)segment	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Goodwill
Beginning balance	$ 602,500,000	$ 585,942,000
Acquisitions		26,553,000
Acquisition remeasurements		(2,783,000)
Sale of business unit		(1,343,000)
Currency translation	37,367,000	(5,869,000)
Ending balance	$ 639,867,000	602,500,000	$ 585,942,000
Accumulated impairment loss			1,600,000
Number of reporting units | segment	3
Percentage of fair value in excess of carrying amount	20.00%
Impairment loss	$ 0	0	0
North America
Goodwill
Beginning balance	247,502,000	223,562,000
Acquisitions		26,553,000
Acquisition remeasurements		(1,535,000)
Sale of business unit		(1,343,000)
Currency translation	148,000	265,000
Ending balance	247,650,000	247,502,000	223,562,000
Europe
Goodwill
Beginning balance	273,912,000	279,688,000
Acquisitions		0
Acquisition remeasurements		0
Sale of business unit		0
Currency translation	29,485,000	(5,776,000)
Ending balance	303,397,000	273,912,000	279,688,000
Australasia
Goodwill
Beginning balance	81,086,000	82,692,000
Acquisitions		0
Acquisition remeasurements		(1,248,000)
Sale of business unit		0
Currency translation	7,734,000	(358,000)
Ending balance	$ 88,820,000	$ 81,086,000	$ 82,692,000

Intangible Assets, Net - Cost a

Intangible Assets, Net - Cost and Accumulated Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets
Cost	$ 371,161	$ 347,841
Accumulated Amortization	(125,106)	(97,514)
Total intangibles, net	246,055	250,327
Customer relationships and agreements
Finite-Lived Intangible Assets
Cost	155,006	151,540
Accumulated Amortization	(68,186)	(57,326)
Total intangibles, net	86,820	94,214
Software
Finite-Lived Intangible Assets
Cost	106,697	92,821
Accumulated Amortization	(26,801)	(18,222)
Total intangibles, net	79,896	74,599
Trademarks and trade names
Finite-Lived Intangible Assets
Cost	60,699	58,088
Accumulated Amortization	(9,821)	(7,512)
Total intangibles, net	50,878	50,576
Patents, licenses and rights
Finite-Lived Intangible Assets
Cost	48,759	45,392
Accumulated Amortization	(20,298)	(14,454)
Total intangibles, net	$ 28,461	$ 30,938

Intangible Assets, Net - Narrat

Intangible Assets, Net - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2020	Sep. 26, 2020	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets
Capitalized implementation costs		$ 76.4		$ 76.4
Gain (loss) due to currency translations for foreign assets				9.2	$ (1.5)
Software
Finite-Lived Intangible Assets
Increase in intangible assets				16.2	$ 31.8
Finite lived intangible assets written off	$ 3.4
Finite-lived intangible assets		10 years	15 years
Finite-lived intangible assets put in service during period				$ 68.7

Intangible Assets, Net - Amorti

Intangible Assets, Net - Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 28,541	$ 30,956	$ 22,208

Intangible Assets, Net - Future

Intangible Assets, Net - Future Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity
2021	$ 32,501
2022	31,707
2023	30,005
2024	29,243
2025	27,775
Thereafter	94,824
Total intangibles, net	$ 246,055	$ 250,327

Leases - Narratives (Details)

Leases - Narratives (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lessee
Right-of-use assets in exchange for operating lease liabilities	$ 55,500	$ 49,000
Operating lease assets	214,727	202,053
Right-of-use asset obtained in exchange for finance lease liability	3,300	$ 3,200
Operating lease payment	258,419
Lease options
Lessee
Operating lease payment	$ 8,400
Corporate Airplane
Lessee
Term of contract		10 years
Operating lease assets		$ 11,700

Leases - Schedule of Lease ROU

Leases - Schedule of Lease ROU Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease assets	$ 214,727	$ 202,053
Finance lease assets	5,791	4,045
Total lease assets	220,518	206,098
Operating lease liability, current	44,319	45,254
Finance lease liability, current	1,740	1,280
Operating lease liability, noncurrent	177,491	164,026
Finance lease liability, noncurrent	4,086	2,820
Total lease liability	227,636	213,380
Accumulated amortization	$ 3,000	$ 1,500
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:AccruedLiabilitiesCurrent	us-gaap:AccruedLiabilitiesCurrent

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating	$ 56,066	$ 54,535
Short term	12,803	11,543
Variable	4,989	3,806
Low value	1,714	1,738
Finance	193	90
Total lease costs	$ 75,765	$ 71,712

Leases - Other Lease Disclosure

Leases - Other Lease Disclosures (Details)	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease, weighted average remaining lease term	6 years 7 months 6 days	6 years 8 months 12 days
Finance lease, weighted average remaining lease term	3 years 9 months 18 days	3 years 8 months 12 days
Operating lease, weighted average discount rate	4.20%	4.70%
Finance lease, weighted average discount rate	3.50%	4.40%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payment Obligations under Operating and Finance Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Operating Leases
2021	$ 53,958
2022	47,133
2023	39,399
2024	30,854
2025	24,219
Thereafter	62,856
Total lease payments	258,419
Less: Interest	36,609
Present value of lease liability	221,810
Finance Leases
2021	1,950
2022	1,529
2023	1,416
2024	1,107
2025	167
Thereafter	67
Total lease payments	6,236
Less: Interest	410
Present value of lease liability	5,826
Total
2021	55,908
2022	48,662
2023	40,815
2024	31,961
2025	24,386
Thereafter	62,923
Total lease payments	264,655
Less: Interest	37,019
Total lease liability	$ 227,636	$ 213,380

Investments - Narratives (Detai

Investments - Narratives (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of Cost-method Investments
Gain on previously held shares	$ 20,767,000	$ 0	$ 0	$ 20,767,000
Impairments				0
Affiliated Entity
Schedule of Cost-method Investments
Sales to affiliates				16,500,000
Purchases from related party				$ 1,000,000
Equity method investment
Schedule of Cost-method Investments
Equity method investment ownership percentage	50.00%

Investments - Equity Method Inv

Investments - Equity Method Investments Results of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Gross profit	$ 901,907	$ 872,539	$ 918,536
Net income attributable to Company	$ 0	$ 0	738
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Net sales			91,234
Gross profit			18,261
Net income			1,752
Adjustment for profit (loss) in inventory			(138)
Net income attributable to Company			$ 738

Accrued Payroll and Benefits (D

Accrued Payroll and Benefits (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Accrued vacation	$ 49,902	$ 46,746
Accrued payroll and commissions	29,911	23,854
Accrued bonuses	28,100	11,101
Accrued payroll taxes	26,218	11,372
Other accrued benefits	8,052	8,633
Non-U.S. defined contributions and other accrued benefits	9,559	7,680
Total accrued payroll and benefits	$ 151,742	$ 109,386

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts Payable and Accrued Liabilities, Current
Legal claims provision	$ 108,629	$ 79,332
Accrued sales and advertising rebates	87,030	67,250
Current portion of operating lease liability	44,319	45,254
Non-income related taxes	31,436	23,178
Current portion of warranty liability	21,766	21,054	$ 20,529
Accrued freight	18,967	10,715
Accrued expenses	15,751	17,278
Deferred revenue	13,453	7,986
Current portion of accrued claim costs relating to self-insurance programs	11,882	12,312
Accrued income taxes payable	11,224	1,999
Current portion of derivative liability	9,778	4,068
Accrued interest payable	3,681	2,126
Current portion of restructuring accrual	1,373	6,051
Total accrued expenses and other current liabilities	$ 379,289	$ 298,603

Warranty Liability - Narrative

Warranty Liability - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Product Warranty Liability
Accrued warranty liability	$ 52,296	$ 49,716	$ 46,468	$ 46,256
North America
Product Warranty Liability
Accrued warranty liability	45,600
Product warranty, discount adjustment	$ 2,500
Minimum
Product Warranty Liability
Product warranty	1 year
Minimum | North America
Product Warranty Liability
Product warranty discount rate	0.57%
Maximum
Product Warranty Liability
Product warranty	10 years
Maximum | North America
Product Warranty Liability
Product warranty discount rate	4.75%

Warranty Liability - Rollforwar

Warranty Liability - Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease)
Balance at beginning balance	$ 49,716	$ 46,468	$ 46,256
Current period expense	23,906	20,853	21,822
Liabilities assumed due to acquisition	0	2,104	1,550
Experience adjustments	3,213	1,890	1,227
Payments	(25,113)	(21,818)	(23,410)
Currency translation	574	219	(977)
Balance at period end	52,296	49,716	46,468
Current portion	(21,766)	(21,054)	(20,529)
Long-term portion	$ 30,530	$ 28,662	$ 25,939

Long-Term Debt - Long Term Debt

Long-Term Debt - Long Term Debt (Details) $ in Thousands, kr in Millions	Dec. 31, 2020USD ($)	Dec. 31, 2020DKK (kr)	Dec. 31, 2019USD ($)
Debt Instrument
Present value of lease liability	$ 5,826
Total Debt	1,781,351		$ 1,528,146
Unamortized debt issuance costs and original issue discounts	(13,309)		(10,774)
Current maturities of long-term debt	(66,702)		(65,846)
Long-term debt	1,701,340		1,451,526
Senior Secured Notes and Senior Notes
Debt Instrument
Long-term debt, gross	$ 1,050,000		800,000
Senior Secured Notes and Senior Notes | Minimum
Debt Instrument
Effective interest rate, percent	4.63%	4.63%
Senior Secured Notes and Senior Notes | Maximum
Debt Instrument
Effective interest rate, percent	6.25%	6.25%
Term Loan | Term Loan
Debt Instrument
Long-term debt, gross	$ 588,881		591,153
Term Loan | Term Loan | Minimum
Debt Instrument
Effective interest rate, percent	1.06%	1.06%
Term Loan | Term Loan | Maximum
Debt Instrument
Effective interest rate, percent	2.15%	2.15%
Mortgage Note
Debt Instrument
Effective interest rate, percent	1.65%	1.65%
Long-term debt, gross	$ 29,300	kr 177.4	28,175
Convertible Notes For Stock
Debt Instrument
Effective interest rate, percent	0.00%	0.00%
Long-term debt, gross	$ 0		205
Finance Leases And Other Financing Arrangements [Member]
Debt Instrument
Present value of lease liability	$ 113,174		$ 108,613
Finance Leases And Other Financing Arrangements [Member] | Minimum
Debt Instrument
Finance lease, rate	1.25%	1.25%
Finance Leases And Other Financing Arrangements [Member] | Maximum
Debt Instrument
Finance lease, rate	5.95%	5.95%

Long-Term Debt - Maturity (Deta

Long-Term Debt - Maturity (Details) $ in Thousands	Dec. 31, 2020USD ($)
Long-term Debt, Fiscal Year Maturity
2021	$ 66,702
2022	21,901
2023	58,103
2024	545,172
2025	$ 660,985

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) kr in Millions

Jun. 30, 2019AUD ($)

May 31, 2020AUD ($)

Mar. 31, 2020USD ($)

Sep. 28, 2019USD ($)

Jun. 29, 2019AUD ($)

Dec. 31, 2007

Dec. 31, 2020USD ($)

Dec. 31, 2020AUD ($)

Dec. 31, 2019USD ($)

Dec. 31, 2018USD ($)

Dec. 31, 2017USD ($)tranche

Dec. 31, 2020AUD ($)

Dec. 31, 2020DKK (kr)

May 31, 2020USD ($)

Feb. 28, 2019USD ($)

Debt Instrument

Proceeds from long term debt

$ 210,858,000

$ 13,101,000

$ 70,468,000

Present value of lease liability

5,826,000

Interest Rate Swap | Cash Flow Hedge | Designated as Hedging Instrument

Debt Instrument

Derivative fixed interest rate

0.395%

Notional amount

$ 370,000,000

Interest Rate Swap | LIBOR | Minimum | Cash Flow Hedge | Designated as Hedging Instrument

Debt Instrument

Derivative variable interest rate

0.00%

Revolving Credit Facility

Debt Instrument

Borrowing availability

385,700,000

U.S. Facility | Secured Debt

Debt Instrument

Increase in borrowing capacity

$ 440,000,000

U.S. Facility | Secured Debt | LIBOR

Debt Instrument

Derivative variable interest rate

0.00%

U.S. Facility | Secured Debt | LIBOR | Minimum

Debt Instrument

Debt instrument, variable rate, percent

1.75%

U.S. Facility | Secured Debt | LIBOR | Maximum

Debt Instrument

Debt instrument, variable rate, percent

2.00%

Australian Facility | Secured Debt

Debt Instrument

Borrowing availability

$ 5,000,000

ABL Facility | Revolving Credit Facility

Debt Instrument

Derivative variable interest rate

0.00%

Maximum borrowing capacity

$ 400,000,000

Line fee, percentage

0.25%

ABL Facility | Revolving Credit Facility | Minimum

Debt Instrument

Debt instrument, variable rate, percent

1.25%

ABL Facility | Revolving Credit Facility | Maximum

Debt Instrument

Debt instrument, variable rate, percent

1.75%

Senior Secured Notes and Senior Notes

Debt Instrument

Debt instrument face amount

$ 800,000,000

Number of tranches (tranche) | tranche

2

Long-term debt

1,050,000,000

$ 800,000,000

Senior Secured Notes and Senior Notes | Senior Secured Notes Maturing May 2025

Debt Instrument

Senior secured notes

$ 250,000,000

Debt instrument stated interest rate, percent

6.25%

Debt instrument discount rate, percent

1.25%

Senior Secured Notes and Senior Notes | Senior Secured Notes Maturing May 2025 | Revolving Credit Facility

Debt Instrument

Senior secured notes

$ 250,000,000

Senior Secured Notes and Senior Notes | Senior Note Maturing December 2025

Debt Instrument

Debt instrument stated interest rate, percent

4.63%

Debt instrument face amount

$ 400,000,000

Senior Secured Notes and Senior Notes | Senior Note Maturing December 2027

Debt Instrument

Debt instrument stated interest rate, percent

4.88%

Debt instrument face amount

$ 400,000,000

Secured Debt

Debt Instrument

Long-term debt

29,300,000

$ 28,175,000

kr 177.4

Debt instrument

30 years

Notes payable | Term Loan

Debt Instrument

Debt instrument discount rate, percent

0.50%

Debt instrument face amount

$ 150,000,000

Percentage bearing fixed interest, percent

3.00%

Proceeds from long term debt

$ 125,000,000

Repayment of long term debt

115,000,000

Debt instrument discount rate

$ 600,000

Unamortized debt issuance costs

600,000

Periodic payment

$ 1,400,000

Long term debt principal amount outstanding

549,400,000

Long-term debt

588,881,000

$ 591,153,000

Notes payable | Australian Facility | Secured Debt

Debt Instrument

Increase in borrowing capacity

$ 50,000,000

Unused commitment fee, percent

1.25%

Long-term debt

38,500,000

Notes payable | Australian Facility | Secured Debt | BBSY | Minimum

Debt Instrument

Debt instrument, variable rate, percent

1.00%

Notes payable | Australian Facility | Secured Debt | BBSY | Maximum

Debt Instrument

Debt instrument, variable rate, percent

1.10%

Notes payable | Amended Floating Rate Revolving Loan Facility | Secured Debt

Debt Instrument

Increase in borrowing capacity

$ 30,000,000

Borrowing availability

23,100,000

$ 30,000,000

Line fee, percentage

0.90%

Notes payable | Amended Floating Rate Revolving Loan Facility | Secured Debt | BBSY

Debt Instrument

Debt instrument, variable rate, percent

1.10%

Notes payable | Finance leases and other financing arrangements

Debt Instrument

Present value of lease liability

113,200,000

Line of Credit | ABL Facility | Revolving Credit Facility

Debt Instrument

Borrowing availability

346,000,000

Proceeds from lines of credit

$ 100,000,000

Line of credit outstanding

0

Letters of credit

38,500,000

Line of Credit | Australia Senior Secured Credit Facility | Interchangeable Facility

Debt Instrument

Borrowing availability

$ 16,600,000

21,600,000

Maximum borrowing capacity

$ 35,000,000

$ 35,000,000

Line fee, percentage

0.50%

0.70%

0.70%

Deferred Credits and Other Li_3

Deferred Credits and Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Warranty liability	$ 30,530	$ 28,662	$ 25,939
Uncertain tax positions	21,764	20,234
Workers' compensation claims accrual	16,856	14,604
Accrued payroll taxes	10,427	0
Environmental contingencies	8,300	0
Other liabilities	2,590	3,190
Long term derivative liability	897	0
Restructuring accrual	4	992
Deferred credits and other non current liabilities	$ 91,368	$ 67,682

Income Taxes - Income (Loss) fr

Income Taxes - Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
Domestic (loss) income	$ (8,791)	$ (784)	$ 192
Foreign income	125,466	120,829	130,919
Income before taxes	$ 116,675	$ 120,045	$ 131,111

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended				24 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018
Income Tax Examination [Line Items]
Effective rate for continuing operations	21.50%	47.50%	(7.70%)
Tax Cuts And Jobs Act, income tax expense (benefit)			$ (40,200,000)
Tax Cuts and Jobs Act, additional income tax expense impacting deferred tax assets				$ 21,100,000
Tax Cuts And Jobs Act, change in tax rate, deferred tax asset, income tax expense					$ 55,300,000
Tax Cuts And Jobs Act, change in tax rate, income tax expense (benefit)			34,200,000
Tax Cuts and Jobs Act, additional income tax expense impacting deferred tax assets				11,300,000
Tax Cuts And Jobs Act, income tax expense (benefit)					0
Tax Cuts and Jobs Act, incomplete accounting, transition tax for accumulated foreign earnings, provisional income tax expense (benefit)			11,300,000
Foreign source dividends and deemed inclusions	$ 11,170,000	$ 10,797,000	16,295,000	65,800,000
Tax Cuts And Jobs Act, transition tax for accumulated foreign earnings, income tax expense			(63,100,000)		2,700,000
Income tax expense (benefit)	25,089,000	57,074,000	(10,058,000)
U.S. tax reform	(21,797,000)	0	(62,836,000)
Valuation allowance	51,847,000	67,664,000
US foreign deferred tax credit carryforward	28,000,000
Additional state tax expense	3,100,000
Termination of hedge accounting	0	4,533,000	0
Disposition of subsidiary	0	(2,384,000)	0
Adjustments to net operation loss			85,700,000
Change in tax rate, foreign tax credits			97,600,000
Valuation allowance adjustment			75,000,000
Acquisition of ABS	0	0	10,189,000
Valuation allowance expense	(15,800,000)	1,800,000
Valuation allowance, effect of expiring foreign tax credits	20,100,000	3,900,000
Valuation allowance, effect of net operating loss carryforwards and credits	1,100,000	3,600,000
Valuation allowance	17,489,000	(10,144,000)	85,876,000
Net operating loss carryforward used	97,700,000	208,000,000	163,700,000
Operating loss	(188,723,000)	(190,414,000)	(167,042,000)
Operating loss carryforwards	1,428,900,000
Operating loss carryforwards not subject to expiration	94,100,000
Tax credit carryforward	39,625,000
Foreign earnings repatriated	121,000,000
Undistributed foreign earnings	449,400,000
Undistributed accumulated earnings of foreign subsidiary, provisional unrecognized deferred tax liability	22,000,000
Income taxes paid	26,800,000	32,100,000	49,700,000
Proceeds from income tax refunds	6,400,000	5,600,000	3,300,000
Refundable income taxes	4,100,000	9,000,000
Accrued income taxes payable	11,224,000	1,999,000
Unrecognized tax benefits	16,995,000	16,205,000	15,500,000	$ 12,616,000	15,500,000
Unrecognized tax benefits that would impact effective tax rate	14,500,000	13,800,000	14,200,000		$ 14,200,000
Capital Loss Carryforward
Income Tax Examination [Line Items]
Tax credit carryforward	22,400,000
CHILE
Income Tax Examination [Line Items]
Valuation allowance expense	$ 1,500,000	800,000
Domestic Tax Authority
Income Tax Examination [Line Items]
Net operating loss carryforward used			$ 146,200,000
Australian Taxation Office | Foreign Tax Authority
Income Tax Examination [Line Items]
Effective rate for continuing operations	30.00%
Canada Revenue Agency | Foreign Tax Authority
Income Tax Examination [Line Items]
Effective rate for continuing operations	27.00%
Federal Ministry of Finance, Germany | Foreign Tax Authority
Income Tax Examination [Line Items]
Effective rate for continuing operations	29.00%
Her Majesty's Revenue and Customs (HMRC) | Foreign Tax Authority
Income Tax Examination [Line Items]
Effective rate for continuing operations	19.00%
GILTI
Income Tax Examination [Line Items]
Income tax expense (benefit)	$ (10,800,000)
Valuation allowance	20,100,000
Operating loss	203,400,000
Estonia Taxing Authority
Income Tax Examination [Line Items]
Earnings of foreign subsidiaries	74,800,000	69,200,000
Latvian Tax Authority
Income Tax Examination [Line Items]
Earnings of foreign subsidiaries	$ 24,300,000	$ 21,400,000

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current Income Tax Expense (Benefit), Continuing Operations
Federal	$ 3,053	$ 5,037	$ (9,760)
State	756	935	764
Foreign	30,343	29,264	34,742
Current income tax expense	34,152	35,236	25,746
Deferred Income Tax Expense (Benefit)
Federal	(8,134)	11,771	(24,445)
State	68	6,620	(12,760)
Foreign	(997)	3,447	1,401
Deferred taxes	(9,063)	21,838	(35,804)
Total provision (benefit) for income taxes	$ 25,089	$ 57,074	$ (10,058)

Income Taxes - Income Tax Recon

Income Taxes - Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Effective Income Tax Rate Reconciliation, Amount
Statutory rate	$ 24,502	$ 25,209	$ 27,515
State income tax, net of federal benefit	(444)	3,180	(1,207)
Foreign source dividends and deemed inclusions	11,170	10,797	16,295	$ 65,800
Valuation allowance	(17,489)	10,144	(85,876)
Nondeductible expenses	1,653	1,276	1,097
Acquisition of ABS	0	0	(10,189)
Equity based compensation	2,185	2,526	54
Foreign tax rate differential	1,613	1,964	3,557
Tax rate differences and credits	26,001	(1,867)	96,231
Uncertain tax positions	(2,685)	1,604	5,443
Termination of hedge accounting	0	4,533	0
U.S. Tax Reform	(21,797)	0	(62,836)
Disposition of subsidiary	0	(2,384)	0
Other	380	92	(142)
Income tax provision (benefit) for continuing operations	$ 25,089	$ 57,074	$ (10,058)
Effective Income Tax Rate Reconciliation, Percent
Statutory rate	21.00%	21.00%	21.00%
State income tax, net of federal benefit	(0.40%)	2.60%	(0.90%)
Foreign source dividends and deemed inclusions	9.60%	9.00%	12.40%
Valuation allowance	(15.00%)	8.40%	(65.50%)
Nondeductible expenses	1.40%	1.10%	0.80%
Acquisition of ABS	0.00%	0.00%	(7.80%)
Equity based compensation	1.90%	2.10%	0.00%
Foreign tax rate differential	1.40%	1.60%	2.70%
Tax rate differences and credits	22.30%	(1.50%)	73.40%
Uncertain tax positions	(2.30%)	1.30%	4.20%
Termination of hedge accounting	0.00%	3.80%	0.00%
U.S. Tax Reform	(18.70%)	0.00%	(47.90%)
Disposition of subsidiary	0.00%	(2.00%)	0.00%
Other	0.30%	0.10%	(0.10%)
Effective rate for continuing operations	21.50%	47.50%	(7.70%)

Income Taxes - Deferred Income

Income Taxes - Deferred Income Asset (Liability) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Components of Deferred Tax Assets and Liabilities [Abstract]
Net operating loss and tax credit carryforwards	$ 180,203	$ 199,889
Operating lease liabilities	58,405	54,448
Employee benefits and compensation	53,135	47,760
Accrued liabilities and other	52,057	38,494
Inventory	6,855	5,842
Investments and marketable securities	2,392	2,768
Allowance for doubtful accounts and notes receivable	3,887	1,641
Gross deferred tax assets	356,934	350,842
Valuation allowance	(51,847)	(67,664)
Deferred tax assets	305,087	283,178
Depreciation and amortization	(56,844)	(55,994)
Operating lease assets	(56,370)	(52,635)
Deferred tax liabilities	(113,214)	(108,629)
Net deferred tax assets	191,873	174,549
Balance sheet presentation:
Long-term assets	199,194	183,837
Long-term liabilities	(7,321)	(9,288)
Net deferred tax assets	$ 191,873	$ 174,549

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Asset Valuation Allowance (Details) - Valuation Allowance of Deferred Tax Assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning balance	$ (67,664)	$ (57,571)	$ (144,701)
Valuation allowances established	0	(2,001)	(260)
Changes to existing valuation allowances	(2,622)	(8,043)	85,828
Release of valuation allowances	20,111	0	0
Currency translation	(1,672)	(49)	1,562
Ending balance	$ (51,847)	$ (67,664)	$ (57,571)

Income Taxes - Operating Loss C

Income Taxes - Operating Loss Carryforward Expiration (Details) $ in Thousands	Dec. 31, 2020USD ($)
Income Tax Disclosure [Abstract]
2021	$ 15,323
2022	16,079
2023	29,905
2024	60,070
Thereafter	1,213,430
Total loss carryforwards	$ 1,334,807

Income Taxes - Tax Credit Carry

Income Taxes - Tax Credit Carryforward (Details) $ in Thousands	Dec. 31, 2020USD ($)
Operating Loss Carryforwards
2021	$ 218
2022	1,245
2023	7,436
2024	3,748
2025	5,031
Thereafter	21,947
Tax credit carryforward	39,625
EZ Credit
Operating Loss Carryforwards
2021	0
2022	0
2023	0
2024	0
2025	0
Thereafter	68
Tax credit carryforward	68
R & E credit
Operating Loss Carryforwards
2021	194
2022	173
2023	14
2024	147
2025	164
Thereafter	11,277
Tax credit carryforward	11,969
Foreign Tax Credit
Operating Loss Carryforwards
2021	0
2022	1,061
2023	5,735
2024	3,514
2025	4,863
Thereafter	3,108
Tax credit carryforward	18,281
Work Opportunity & Welfare to Work Credit
Operating Loss Carryforwards
2021	0
2022	0
2023	0
2024	0
2025	0
Thereafter	7,326
Tax credit carryforward	7,326
State Investment Tax Credits
Operating Loss Carryforwards
2021	24
2022	11
2023	1,687
2024	87
2025	4
Thereafter	66
Tax credit carryforward	1,879
Tip Credit
Operating Loss Carryforwards
2021	0
2022	0
2023	0
2024	0
2025	0
Thereafter	102
Tax credit carryforward	$ 102

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Position Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns
Balance as of January 1,	$ 16,205	$ 15,500	$ 12,616
Increase for tax positions taken during the prior period	1,105	1,383	3,397
Decrease for settlements with taxing authorities	(34)	(426)	(157)
(Decrease) increase for tax positions taken during the current period	0	(38)
(Decrease) increase for tax positions taken during the current period			300
Decrease due to statute expiration	(1,569)	0	0
Other decreases	0	0	(92)
Currency translation	1,288
Currency translation		(214)	(564)
Balance at period end - unrecognized tax benefit	16,995	16,205	15,500
Accrued interest and penalties	5,567	5,671	3,677
Liability for uncertainty in income taxes, noncurrent	$ 22,562	$ 21,876	$ 19,177

Segment Information - Narrative

Segment Information - Narrative (Details)	12 Months Ended
	Dec. 31, 2020segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Information - Reportabl

Segment Information - Reportable Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information, Profit (Loss)
Net revenues	$ 4,235,677	$ 4,289,761	$ 4,346,847
Depreciation and amortization	134,623	133,969	125,100
Impairment and restructuring charges	10,469	21,551	17,328
Adjusted EBITDA	446,414	415,038	459,218
Capital expenditures	96,896	136,192	118,700
Segment assets	3,964,685	3,381,332	3,047,525
North America
Segment Reporting Information, Profit (Loss)
Net revenues	2,528,993	2,534,336	2,461,633
Europe
Segment Reporting Information, Profit (Loss)
Net revenues	1,187,777	1,178,441	1,215,299
Australasia
Segment Reporting Information, Profit (Loss)
Net revenues	518,907	576,984	669,915
Operating Segments
Segment Reporting Information, Profit (Loss)
Net revenues	4,249,816	4,299,740	4,360,278
Depreciation and amortization	126,414	128,636	120,807
Impairment and restructuring charges	7,166	20,594	18,214
Adjusted EBITDA	514,764	458,012	493,221
Capital expenditures	77,375	103,029	95,320
Segment assets	3,249,440	3,015,056	2,736,495
Operating Segments | North America
Segment Reporting Information, Profit (Loss)
Net revenues	2,529,960	2,535,810	2,462,914
Depreciation and amortization	77,361	81,905	71,945
Impairment and restructuring charges	3,164	7,301	4,933
Adjusted EBITDA	315,952	267,335	279,526
Capital expenditures	34,815	46,799	57,805
Segment assets	1,498,778	1,530,135	1,355,101
Operating Segments | Europe
Segment Reporting Information, Profit (Loss)
Net revenues	1,189,974	1,178,589	1,216,204
Depreciation and amortization	29,712	28,944	31,132
Impairment and restructuring charges	3,682	6,182	6,111
Adjusted EBITDA	136,363	116,193	122,810
Capital expenditures	32,353	23,611	25,369
Segment assets	1,152,251	974,076	898,901
Operating Segments | Australasia
Segment Reporting Information, Profit (Loss)
Net revenues	529,882	585,341	681,160
Depreciation and amortization	19,341	17,787	17,730
Impairment and restructuring charges	320	7,111	7,170
Adjusted EBITDA	62,449	74,484	90,885
Capital expenditures	10,207	32,619	12,146
Segment assets	598,411	510,845	482,493
Corporate and Unallocated Costs
Segment Reporting Information, Profit (Loss)
Depreciation and amortization	8,209	5,333	4,293
Impairment and restructuring charges	3,303	957	(886)
Adjusted EBITDA	(68,350)	(42,974)	(34,003)
Capital expenditures	19,521	33,163	23,380
Segment assets	715,245	366,276	311,030
Intersegment Eliminations
Segment Reporting Information, Profit (Loss)
Net revenues	(14,139)	(9,979)	(13,431)
Intersegment Eliminations | North America
Segment Reporting Information, Profit (Loss)
Net revenues	(967)	(1,474)	(1,281)
Intersegment Eliminations | Europe
Segment Reporting Information, Profit (Loss)
Net revenues	(2,197)	(148)	(905)
Intersegment Eliminations | Australasia
Segment Reporting Information, Profit (Loss)
Net revenues	$ (10,975)	$ (8,357)	$ (11,245)

Segment Information - Reconcili

Segment Information - Reconciliation of Net Income to EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting, Other Significant Reconciling Item, Consolidated
Net income		$ 91,586	$ 62,971	$ 141,907
Equity earnings of non-consolidated entities		0	0	(738)
Income tax expense (benefit)		25,089	57,074	(10,058)
Depreciation and amortization		134,623	133,969	125,100
Interest expense, net		74,800	71,778	70,818
Impairment and restructuring charges		10,732	22,748	17,328
Gain on previously held shares of equity investment	$ (20,767)	0	0	(20,767)
(Gain) loss on sale of property and equipment		(4,153)	1,745	144
Stock-based compensation		16,399	13,315	15,052
Non-cash foreign exchange transaction/translation loss (income)		12,904	3,438	(1,267)
Other items		84,282	47,266	117,546
Costs relating to debt restructuring and debt refinancing		170	0	294
Other non-cash items		(18)	734	3,859
Adjusted EBITDA		446,414	415,038	459,218
Legal fees		67,130	12,860	26,529
Environmental expense		7,467
Consolidation and reorganization cost		6,724	19,147	2,901
One-time lease termination charges		1,235
Realized loss on hedge		1,142
Acquisition-related costs			14,963
Employee retention cost			7,077
Realized gain on hedges			3,053	5,396
Miscellaneous cost			1,893	2,347
Stock-based compensation		16,400	13,300	15,100
Executive compensation expense			725	3,856
Legal settlement accrual				76,500
Business acquisition, transaction costs			400	10,324
Payroll fees				485
Inventory write-down			3,740
Australasia
Segment Reporting, Other Significant Reconciling Item, Consolidated
Stock-based compensation			731
Cost of sales
Segment Reporting, Other Significant Reconciling Item, Consolidated
Impairment and restructuring charges		$ 263	$ 1,197	$ 0

Segment Information - Net Reven

Segment Information - Net Revenue by Location (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets
Net revenues	$ 4,235,677	$ 4,289,761	$ 4,346,847
Canada
Revenues from External Customers and Long-Lived Assets
Net revenues	188,041	187,095	201,134
U.S.
Revenues from External Customers and Long-Lived Assets
Net revenues	2,322,079	2,327,186	2,228,748
South America (including Mexico)
Revenues from External Customers and Long-Lived Assets
Net revenues	22,323	29,637	34,422
Europe
Revenues from External Customers and Long-Lived Assets
Net revenues	1,212,810	1,195,207	1,239,732
Australia
Revenues from External Customers and Long-Lived Assets
Net revenues	485,852	544,140	634,976
Africa and other
Revenues from External Customers and Long-Lived Assets
Net revenues	$ 4,572	$ 6,496	$ 7,835

Segment Information - Segment L

Segment Information - Segment Long Lived Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets
Property and equipment, net	$ 872,585	$ 864,375	$ 843,403
U.S. | Corporate
Revenues from External Customers and Long-Lived Assets
Property and equipment, net	20,625	25,490	53,729
North America
Revenues from External Customers and Long-Lived Assets
Property and equipment, net	496,814	513,374	484,417
North America | U.S.
Revenues from External Customers and Long-Lived Assets
Property and equipment, net	469,092	485,278	459,506
North America | North America Other
Revenues from External Customers and Long-Lived Assets
Property and equipment, net	27,722	28,096	24,911
Europe
Revenues from External Customers and Long-Lived Assets
Property and equipment, net	203,424	181,390	181,038
Australasia
Revenues from External Customers and Long-Lived Assets
Property and equipment, net	151,722	144,121	124,219
Australasia | Australia
Revenues from External Customers and Long-Lived Assets
Property and equipment, net	118,778	115,335	113,922
Australasia | Australiasia Other
Revenues from External Customers and Long-Lived Assets
Property and equipment, net	$ 32,944	$ 28,786	$ 10,297

Capital Stock - Narrative (Deta

Capital Stock - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Nov. 04, 2019	Oct. 31, 2019	Apr. 30, 2018
Class of Stock
Shares held in employee trust (in shares)	193,941	193,941
Shares held in employee trust	$ 12,400,000	$ 12,400,000
Share repurchase program authorized					$ 145,000,000	$ 250,000,000
Shares remaining for repurchase	$ 170,000,000			$ 175,000,000
Common stock
Class of Stock
Common shares repurchased (in shares)	265,589	1,192,419	5,287,964
Common shares repurchased (USD per share)	$ 18.83	$ 16.77	$ 23.64

Earnings Per Share - Diluted Lo

Earnings Per Share - Diluted Loss Per Share Calculation (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Weighted average outstanding shares of common stock basic (in shares)	100,633,392	100,618,105	104,530,572
Restricted stock units and options to purchase common stock (in shares)	1,048,589	846,220	1,830,085
Weighted average outstanding shares of common stock diluted (in shares)	101,681,981	101,464,325	106,360,657

Earnings Per Share - Potentiall

Earnings Per Share - Potentially Dilutive Securities (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Common Stock options | Common stock
Incremental Weighted Average Shares Attributable to Dilutive Effect
Antidilutive securities excluded from computation of diluted earnings per share (in shares)	1,721,921	1,657,437	1,019,930
Restricted stock units
Incremental Weighted Average Shares Attributable to Dilutive Effect
Antidilutive securities excluded from computation of diluted earnings per share (in shares)	367,461	50,113	87,720
Performance share units
Incremental Weighted Average Shares Attributable to Dilutive Effect
Antidilutive securities excluded from computation of diluted earnings per share (in shares)	249,084	9,704	84,809,000

Stock Compensation - Narrative

Stock Compensation - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2018	Feb. 28, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation			$ 16.4	$ 13.3	$ 15.1
Stock compensation not yet recognized			$ 24.4
Recognition period for stock compensation not yet recognized			1 year 9 months 18 days
Granted (in shares)			407,607	443,170	838,912
Common Stock options
Share-based Compensation Arrangement by Share-based Payment Award
Stock compensation expiration period			10 years
Stock compensation vested options exercised			90 days
Common Stock options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Stock compensation vesting period			3 years
Common Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Stock compensation vesting period			5 years
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award
Granted (in shares)			1
Equity instruments granted (in shares)			865,091	952,801	766,927
Forfeited (in shares)			179,554	154,498	530,867
Restricted stock units | Board of Directors Chairman
Share-based Compensation Arrangement by Share-based Payment Award
Equity instruments granted (in shares)		314,267
Forfeited (in shares)	208,364
Restricted stock units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Stock compensation vesting period			1 year
Restricted stock units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Stock compensation vesting period			5 years
Performance share units
Share-based Compensation Arrangement by Share-based Payment Award
Granted (in shares)			1
Equity instruments granted (in shares)			311,275	401,935	193,763
Forfeited (in shares)			77,585	65,832	19,093
Performance term			3 years
Total share return
Share-based Compensation Arrangement by Share-based Payment Award
Performance term			3 years
Stock Incentive Plan | Common Stock options
Share-based Compensation Arrangement by Share-based Payment Award
Shares issued for exercise/vesting of share-based compensation awards (in shares)						5,156,976
Stock Incentive Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award
Shares issued for exercise/vesting of share-based compensation awards (in shares)						385,220
Stock Incentive Plan | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award
Stock incentive plan, shares authorized (in shares)							2,761,000
Stock Incentive Plan | Class B-1 Common Stock
Share-based Compensation Arrangement by Share-based Payment Award
Stock incentive plan, shares authorized (in shares)							4,732,200
Omnibus Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award
Stock incentive plan, shares authorized (in shares)			7,500,000

Stock Compensation - Key Assump

Stock Compensation - Key Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award
Expected dividend yield rate	0.00%	0.00%	0.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Expected volatility range	37.52%	37.90%	34.81%
Weighted average term	5 years 6 months	5 years 6 months	5 years 6 months
Risk free rate	1.39%	1.79%	2.04%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Expected volatility range	37.66%	40.02%	39.68%
Weighted average term	6 years 6 months	6 years 6 months	6 years 6 months
Risk free rate	1.44%	2.50%	2.96%
Common Stock options
Share-based Compensation Arrangement by Share-based Payment Award
Weighted average grant date fair value (usd per share)	$ 9.45	$ 8.32	$ 12.98

Stock Compensation - Options Ro

Stock Compensation - Options Rollforward (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Shares
Beginning balance (in shares)	2,832,799	3,332,705	4,926,668
Granted (in shares)	407,607	443,170	838,912
Exercised (in shares)	(335,553)	(641,706)	(1,548,484)
Forfeited (in shares)	(273,022)	(301,370)	(884,391)
Ending balance (in shares)	2,631,831	2,832,799	3,332,705
Shares exercisable (in shares)	1,781,797
Weighted Average Exercise Price Per Share
Beginning balance, weighted average share price (usd per share)	$ 19.55	$ 18.22	$ 14.56
Granted, weighted average share price (usd per share)	24.30	20.94	32.16
Exercised, weighted average exercise price (usd per share)	12.27	10.56	13.79
Forfeited, weighted average exercise price (usd per share)	27.53	26.07	18.80
Ending balance, weighted average share price (usd per share)	20.41	$ 19.55	$ 18.22
Exercisable, weighted average exercise price (usd per share)	$ 18.47
Options outstanding, intrinsic value	$ 16.5
Options exercisable, intrinsic value	$ 14.7
Weighted average remaining contract	5 years 7 months 6 days
Exercisable, weighted average	4 years 3 months 18 days

Stock Compensation - RSU and PS

Stock Compensation - RSU and PSU Rollforward (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Restricted stock units
Shares
Beginning balance (in shares)	1,239,505	673,868	562,368
Granted, shares (in shares)	865,091	952,801	766,927
Vested (in shares)	(138,245)	(232,666)	(124,560)
Forfeited (in shares)	(179,554)	(154,498)	(530,867)
Ending balance (in shares)	1,786,797	1,239,505	673,868
Weighted Average Grant-Date Fair Value Per Share
Beginning balance, weighted average grant date fair value (usd per share)	$ 22.13	$ 28.07	$ 27.51
Granted, weighted average grant date fair value (usd per share)	19.62	20.07	29.14
Vested, weighted average grant date fair value (usd per share)	26.22	30.08	25.21
Forfeited, weighted average grant date fair value (usd per share)	23.63	23.38	29.69
Ending balance, weighted average grant date fair value (usd per share)	$ 21.43	$ 22.13	$ 28.07
PSU's
Shares
Beginning balance (in shares)	510,773	174,670	0
Granted, shares (in shares)	311,275	401,935	193,763
Forfeited (in shares)	(77,585)	(65,832)	(19,093)
Ending balance (in shares)	744,463	510,773	174,670
Weighted Average Grant-Date Fair Value Per Share
Beginning balance, weighted average grant date fair value (usd per share)	$ 24.97	$ 31.41	$ 0
Granted, weighted average grant date fair value (usd per share)	25.50	22.21	31.60
Forfeited, weighted average grant date fair value (usd per share)	25.96	25.24	33.31
Ending balance, weighted average grant date fair value (usd per share)	$ 25.09	$ 24.97	$ 31.41

Impairment and Restructuring _3

Impairment and Restructuring Charges - Impairment by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Restructuring Cost and Reserve
Severance costs	$ 5,114	$ 13,540	$ 11,766
Other exit costs	(182)	1,386	4,332
Total restructuring costs	4,932	14,926	16,098
Impairments	5,537	6,625	1,230
Total impairment and restructuring charges	10,469	21,551	17,328
Operating Segments
Restructuring Cost and Reserve
Total impairment and restructuring charges	7,166	20,594	18,214
Operating Segments | North America
Restructuring Cost and Reserve
Severance costs	2,057	3,595	2,779
Other exit costs	(1)	(220)	1,460
Total restructuring costs	2,056	3,375	4,239
Impairments	1,108	3,926	694
Total impairment and restructuring charges	3,164	7,301	4,933
Operating Segments | Europe
Restructuring Cost and Reserve
Severance costs	2,503	5,391	5,877
Other exit costs	235	634	256
Total restructuring costs	2,738	6,025	6,133
Impairments	944	157	(22)
Total impairment and restructuring charges	3,682	6,182	6,111
Operating Segments | Australasia
Restructuring Cost and Reserve
Severance costs	564	3,542	2,884
Other exit costs	(370)	1,027	4,286
Total restructuring costs	194	4,569	7,170
Impairments	126	2,542	0
Total impairment and restructuring charges	320	7,111	7,170
Corporate and Unallocated Costs
Restructuring Cost and Reserve
Severance costs	(10)	1,012	226
Other exit costs	(46)	(55)	(1,670)
Total restructuring costs	(56)	957	(1,444)
Impairments	3,359	0	558
Total impairment and restructuring charges	$ 3,303	$ 957	$ (886)

Impairment and Restructuring _4

Impairment and Restructuring Charges - Restructuring Accrual (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Restructuring Reserve
Beginning Accrual Balance	$ 7,043	$ 8,639	$ 11,039
Additions Charged to Expense	4,932	14,926	16,098
Payments or Utilization	(10,598)	(16,522)	(18,498)
Ending Accrual Balance	1,377	7,043	8,639
Severance costs
Restructuring Reserve
Beginning Accrual Balance	5,314	5,352	7,232
Additions Charged to Expense	5,114	13,540	11,766
Payments or Utilization	(9,096)	(13,578)	(13,646)
Ending Accrual Balance	1,332	5,314	5,352
Other exit costs
Restructuring Reserve
Beginning Accrual Balance	1,729	3,287	3,807
Additions Charged to Expense	(182)	1,386	4,332
Payments or Utilization	(1,502)	(2,944)	(4,852)
Ending Accrual Balance	$ 45	$ 1,729	$ 3,287

Interest Expense (Details)

Interest Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other Income and Expenses [Abstract]
Capitalized interest related construction projects	$ 1	$ 2.5	$ 1.8
Interest payments	$ 71.7	$ 71.2	$ 68.9

Other Income (Details)

Other Income (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other Income and Expenses [Abstract]
Foreign currency losses (gains)		$ 11,858	$ (7,361)	$ (11,258)
Governmental pandemic assistance reimbursement		(7,377)	0	0
(Gain) loss on sale of business units, property, and equipment		(4,122)	(1,506)	556
Pension expense		1,646	10,738	6,975
Insurance reimbursement		(1,388)	0	0
Other items		(3,369)	(2,033)	(2,852)
Legal settlement income		0	(1,247)	(7,541)
Gain on previously held shares of an equity investment	$ (20,767)	0	0	(20,767)
Total other income		$ (2,752)	$ (1,409)	$ (34,887)

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details)	1 Months Ended	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	May 31, 2020USD ($)	Mar. 30, 2019USD ($)lease
Notional Disclosures
Realized loss on hedge		$ 1,142,000
Realized gain on hedges			$ 3,053,000	$ 5,396,000
Amount expected to be reclassified to interest expense over the next twelve months		1,000,000
Derivative instrument losses recognized in OCI				1,300,000
Interest expense, net		74,800,000	71,778,000	70,818,000
Foreign Exchange Contracts, Forecasted Transactions | Not Designated as Hedging Instrument
Notional Disclosures
Notional amount		96,600,000
Foreign Currency Exchange Contracts, Intercompany Loans and Interest | Not Designated as Hedging Instrument
Notional Disclosures
Notional amount		23,700,000
Foreign Exchange Contracts, Consolidated Earnings | Not Designated as Hedging Instrument
Notional Disclosures
Notional amount		55,700,000
Foreign Currency Forward Contracts | Not Designated as Hedging Instrument
Notional Disclosures
Realized loss on hedge		5,400,000	9,800,000
Realized gain on hedges				7,800,000
Interest Rate Swap | Designated as Hedging Instrument
Notional Disclosures
Interest expense, net			$ 1,300,000	$ 2,100,000
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedge
Notional Disclosures
Realized loss on hedge		2,300,000
Notional amount					$ 370,000,000
Derivative fixed interest rate					0.395%
OCI, cash flow hedge, gain (loss), after reclassification, tax benefit		600,000
Reclassified to interest expense		500,000
OCI, derivative, after adjustments, tax		100,000
Decrease in fair value of interest rate fair value hedging instruments		$ 400,000
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedge | Minimum | LIBOR
Notional Disclosures
Derivative variable interest rate					0.00%
Interest Rate Cap Contract
Notional Disclosures
Notional amount						$ 150,000,000
Number of derivative instruments | lease						2
Derivative cap interest rate						3.00%
December 2016 - December 2017 | Designated as Hedging Instrument | Cash Flow Hedge
Notional Disclosures
Notional amount	$ 914,300,000
Loss on extinguishment of debt	$ 3,600,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Not designated as hedging instrument | Foreign currency forward contracts | Other current assets
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
Derivative assets	$ 542	$ 1,372
Not designated as hedging instrument | Foreign currency forward contracts | Accrued expenses and other current liabilities
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
Derivatives liabilities	8,823	4,068
Not designated as hedging instrument | Interest rate cap contracts | Other assets
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
Derivative assets	0	6
Designated as hedging instrument | Interest rate contracts | Accrued expenses and other current liabilities
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
Derivatives liabilities	955	0
Designated as hedging instrument | Interest rate contracts | Deferred credits and other liabilities
Derivative Asset, Fair Value, Amount Not Offset Against Collateral
Derivatives liabilities	$ 897	$ 0

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Financial Assets and Liabilities (Details) - Recurring - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Carrying Amount
Assets:
Cash equivalents	$ 380,236	$ 0
Liabilities:
Debt, recorded in long-term debt and current maturities of long-term debt	1,781,351	1,528,146
Carrying Amount | Cash and short-term investments
Assets:
Pension plan assets	8,157	8,787
Carrying Amount | U.S. Government and agency obligations
Assets:
Pension plan assets	25,629	25,206
Carrying Amount | Corporate and foreign bonds
Assets:
Pension plan assets	118,458	104,430
Carrying Amount | Equity securities
Assets:
Pension plan assets	33,099	28,249
Carrying Amount | Mutual funds
Assets:
Pension plan assets	78,810	70,230
Carrying Amount | Common and collective funds
Assets:
Pension plan assets	144,171	132,600
Carrying Amount | Other Current Assets
Assets:
Derivative assets	542	1,372
Carrying Amount | Other Noncurrent Assets
Assets:
Derivative assets		6
Carrying Amount | Accrued Expenses And Deferred Credits
Liabilities:
Derivative liabilities	9,778	4,068
Carrying Amount | Deferred Credits And Other Liabilities
Liabilities:
Derivative liabilities	897
Total Fair Value
Assets:
Cash equivalents	380,236	0
Liabilities:
Debt, recorded in long-term debt and current maturities of long-term debt	1,834,057	1,554,425
Total Fair Value | Cash and short-term investments
Assets:
Pension plan assets	8,157	8,787
Total Fair Value | U.S. Government and agency obligations
Assets:
Pension plan assets	25,629	25,206
Total Fair Value | Corporate and foreign bonds
Assets:
Pension plan assets	118,458	104,430
Total Fair Value | Equity securities
Assets:
Pension plan assets	33,099	28,249
Total Fair Value | Mutual funds
Assets:
Pension plan assets	78,810	70,230
Total Fair Value | Common and collective funds
Assets:
Pension plan assets	144,171	132,600
Total Fair Value | Other Current Assets
Assets:
Derivative assets	542	1,372
Total Fair Value | Other Noncurrent Assets
Assets:
Derivative assets		6
Total Fair Value | Accrued Expenses And Deferred Credits
Liabilities:
Derivative liabilities	9,778	4,068
Total Fair Value | Deferred Credits And Other Liabilities
Liabilities:
Derivative liabilities	897
Total Fair Value | Level 1
Assets:
Cash equivalents	0	0
Liabilities:
Debt, recorded in long-term debt and current maturities of long-term debt	0	0
Total Fair Value | Level 1 | Cash and short-term investments
Assets:
Pension plan assets	0	0
Total Fair Value | Level 1 | U.S. Government and agency obligations
Assets:
Pension plan assets	25,629	25,206
Total Fair Value | Level 1 | Corporate and foreign bonds
Assets:
Pension plan assets	0	0
Total Fair Value | Level 1 | Equity securities
Assets:
Pension plan assets	33,099	28,249
Total Fair Value | Level 1 | Mutual funds
Assets:
Pension plan assets	0	0
Total Fair Value | Level 1 | Common and collective funds
Assets:
Pension plan assets	0	0
Total Fair Value | Level 1 | Other Current Assets
Assets:
Derivative assets	0	0
Total Fair Value | Level 1 | Other Noncurrent Assets
Assets:
Derivative assets		0
Total Fair Value | Level 1 | Accrued Expenses And Deferred Credits
Liabilities:
Derivative liabilities	0	0
Total Fair Value | Level 1 | Deferred Credits And Other Liabilities
Liabilities:
Derivative liabilities	0
Total Fair Value | Level 2
Assets:
Cash equivalents	380,236	0
Liabilities:
Debt, recorded in long-term debt and current maturities of long-term debt	1,834,057	1,554,425
Total Fair Value | Level 2 | Cash and short-term investments
Assets:
Pension plan assets	8,157	8,787
Total Fair Value | Level 2 | U.S. Government and agency obligations
Assets:
Pension plan assets	0	0
Total Fair Value | Level 2 | Corporate and foreign bonds
Assets:
Pension plan assets	118,458	104,430
Total Fair Value | Level 2 | Equity securities
Assets:
Pension plan assets	0	0
Total Fair Value | Level 2 | Mutual funds
Assets:
Pension plan assets	78,810	70,230
Total Fair Value | Level 2 | Common and collective funds
Assets:
Pension plan assets	0	0
Total Fair Value | Level 2 | Other Current Assets
Assets:
Derivative assets	542	1,372
Total Fair Value | Level 2 | Other Noncurrent Assets
Assets:
Derivative assets		6
Total Fair Value | Level 2 | Accrued Expenses And Deferred Credits
Liabilities:
Derivative liabilities	9,778	4,068
Total Fair Value | Level 2 | Deferred Credits And Other Liabilities
Liabilities:
Derivative liabilities	897
Total Fair Value | Level 3
Assets:
Cash equivalents	0	0
Liabilities:
Debt, recorded in long-term debt and current maturities of long-term debt	0	0
Total Fair Value | Level 3 | Cash and short-term investments
Assets:
Pension plan assets	0	0
Total Fair Value | Level 3 | U.S. Government and agency obligations
Assets:
Pension plan assets	0	0
Total Fair Value | Level 3 | Corporate and foreign bonds
Assets:
Pension plan assets	0	0
Total Fair Value | Level 3 | Equity securities
Assets:
Pension plan assets	0	0
Total Fair Value | Level 3 | Mutual funds
Assets:
Pension plan assets	0	0
Total Fair Value | Level 3 | Common and collective funds
Assets:
Pension plan assets	0	0
Total Fair Value | Level 3 | Other Current Assets
Assets:
Derivative assets	0	0
Total Fair Value | Level 3 | Other Noncurrent Assets
Assets:
Derivative assets		0
Total Fair Value | Level 3 | Accrued Expenses And Deferred Credits
Liabilities:
Derivative liabilities	0	0
Total Fair Value | Level 3 | Deferred Credits And Other Liabilities
Liabilities:
Derivative liabilities	0
Total Fair Value | Assets measured at NAV | Common and collective funds
Assets:
Pension plan assets	$ 144,171	$ 132,600

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details) - USD ($)	Jan. 27, 2021	Sep. 04, 2020	Aug. 31, 2020	Nov. 19, 2019	Apr. 12, 2019	Mar. 13, 2019	May 11, 2018	Feb. 28, 2018	Dec. 31, 2020	Dec. 31, 2019
Loss Contingencies
Accrued self-insurance liability									$ 81,000,000	$ 76,600,000
Financing bonds and letters of credit									122,700,000	122,600,000
Environmental loss contingencies, current									700,000	700,000
Environmental loss contingencies, non-current									8,300,000	$ 0
Purchase obligations due in 2020									9,900,000
Purchase obligations due in 2022									21,600,000
PaDEP
Loss Contingencies
Collateralized bond									$ 2,300,000
Minimum
Loss Contingencies
Indemnification									1 year
Environmental remedial feasibility alternative									$ 8,300,000
Minimum | Domestic Product Liability and Auto, General Liability, Personal Injury and Workers Compensation
Loss Contingencies
Concentration risk, auto, employee and general liability									3,000,000
Minimum | Auto, General Liability, Personal Injury and Workers Compensation
Loss Contingencies
Concentration risk, auto, employee and general liability									$ 500,000
Maximum
Loss Contingencies
Indemnification									3 years
Environmental remedial feasibility alternative									$ 57,000,000
Maximum | Domestic Product Liability and Auto, General Liability, Personal Injury and Workers Compensation
Loss Contingencies
Concentration risk, auto, employee and general liability									200,000,000
Maximum | Auto, General Liability, Personal Injury and Workers Compensation
Loss Contingencies
Concentration risk, auto, employee and general liability									$ 200,000,000
Steve and Sons
Loss Contingencies
Damages awarded to plaintiff				$ 7,100,000		$ 36,500,000
Settlement proceeds awarded							$ 1,200,000
Steve and Sons | Attorney Fees
Loss Contingencies
Damages sought					$ 28,400,000
Steve and Sons | Legal Cost
Loss Contingencies
Damages sought					$ 1,700,000
Direct Purchaser Action
Loss Contingencies
Damages sought			$ 28,000,000
Direct Purchaser Action | Subsequent Event
Loss Contingencies
Damages sought	$ 30,800,000
Indirect Purchaser Action
Loss Contingencies
Damages sought		$ 9,750,000
Past Damages | Steve and Sons
Loss Contingencies
Damages awarded to plaintiff						9,900,000		$ 12,200,000
Future Damages | Steve and Sons
Loss Contingencies
Damages awarded to plaintiff						$ 139,400,000		$ 46,500,000

Employee Retirement and Pensi_3

Employee Retirement and Pension Benefits - Components of Pension Benefit/ Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
U.S.
Defined Benefit Plan Disclosure
Service cost	$ 3,090	$ 4,890	$ 4,170
Interest cost	12,236	14,861	13,180
Expected return on plan assets	(21,860)	(18,622)	(20,769)
Amortization of net actuarial pension loss	6,852	8,919	9,314
Pension benefit expense	$ 318	$ 10,048	$ 5,895
Discount rate used to determine benefit costs	3.31%	4.27%	3.47%
Expected long-term rate of return on assets	6.25%	6.25%	6.25%
Non U.S
Defined Benefit Plan Disclosure
Service cost	$ 2,548	$ 2,386	$ 2,070
Interest cost	908	1,398	1,417
Expected return on plan assets	(435)	(589)	(833)
Amortization of net actuarial pension loss	849	225	189
Pension benefit expense	$ 3,870	$ 3,420	$ 2,843
Non U.S | Minimum
Defined Benefit Plan Disclosure
Discount rate used to determine benefit costs	0.20%	0.60%	0.20%
Expected long-term rate of return on assets	0.00%	0.00%	0.00%
Compensation increase rate	0.50%	0.50%	0.50%
Non U.S | Maximum
Defined Benefit Plan Disclosure
Discount rate used to determine benefit costs	7.80%	8.50%	9.00%
Expected long-term rate of return on assets	4.60%	5.80%	5.30%
Compensation increase rate	7.00%	7.00%	7.00%

Employee Retirement and Pensi_4

Employee Retirement and Pension Benefits - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
U.S.
Defined Benefit Plan Disclosure
Discount rate, percentage	2.55%	3.31%
Company contribution	$ 12,619	$ 7,760
Accumulated benefit obligation	474,100
Non U.S
Defined Benefit Plan Disclosure
Company contribution	190	236
Accumulated benefit obligation	42,500
Expected contributions to plan in 2020	1,100
Non U.S | Other Pension Plan
Defined Benefit Plan Disclosure
Defined contribution plan, accrued liabilities	2,200	1,300
Compensation expense	$ 21,100	$ 24,600	$ 27,000

Employee Retirement and Pensi_5

Employee Retirement and Pension Benefits - Change in Fair Value of Plan Asset (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
U.S.
Defined Benefit Plan, Change in Fair Value of Plan Assets
Balance as of January 1,	$ 358,577	$ 302,763
Actual return on plan assets	47,391	69,767
Company contribution	12,619	7,760
Benefits paid	(18,538)	(16,751)
Administrative expenses paid	(3,196)	(4,962)
Balance at period end	396,853	358,577
Non U.S
Defined Benefit Plan, Change in Fair Value of Plan Assets
Balance as of January 1,	10,924	12,676
Actual return on plan assets	(106)	1,398
Company contribution	190	236
Benefits paid	(547)	(3,272)
Administrative expenses paid	(13)	(21)
Cumulative translation adjustment	1,023	(93)
Balance at period end	$ 11,471	$ 10,924

Employee Retirement and Pensi_6

Employee Retirement and Pension Benefits - Percentage of Plan Assets (Details)	Dec. 31, 2020	Dec. 31, 2019
U.S.
Defined Benefit Plan Disclosure
Percentage of plan asset	100.00%	100.00%
U.S. | Equity securities
Defined Benefit Plan Disclosure
Percentage of plan asset	8.30%	7.90%
U.S. | Debt securities
Defined Benefit Plan Disclosure
Percentage of plan asset	36.30%	36.10%
U.S. | Other
Defined Benefit Plan Disclosure
Percentage of plan asset	55.40%	56.00%
Non U.S
Defined Benefit Plan Disclosure
Percentage of plan asset	100.00%	100.00%
Non U.S | Equity securities
Defined Benefit Plan Disclosure
Percentage of plan asset	50.30%	45.80%
Non U.S | Debt securities
Defined Benefit Plan Disclosure
Percentage of plan asset	19.80%	20.70%
Non U.S | Other
Defined Benefit Plan Disclosure
Percentage of plan asset	29.90%	33.50%

Employee Retirement and Pensi_7

Employee Retirement and Pension Benefits - Change in Projected Benefit Obligation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
U.S.
Defined Benefit Plan, Change in Benefit Obligation
Balance as of January 1,	$ 433,408	$ 383,936
Service cost	3,090	4,890
Interest cost	12,236	14,861
Actuarial loss	47,085	51,434
Benefits paid	(18,538)	(16,751)
Balance at period end	$ 474,085	$ 433,408
Discount rate, percentage	2.55%	3.31%
Non U.S
Defined Benefit Plan, Change in Benefit Obligation
Balance as of January 1,	$ 47,707	$ 42,803
Service cost	2,548	2,655
Interest cost	908	1,405
Actuarial loss	786	6,084
Benefits paid	(2,756)	(5,240)
Administrative expenses paid	(15)	(21)
Cumulative translation adjustment	4,693	21
Balance at period end	$ 53,871	$ 47,707
Non U.S | Minimum
Defined Benefit Plan, Change in Benefit Obligation
Discount rate, percentage	7.80%	0.60%
Compensation increase rate	1.00%	0.50%
Non U.S | Maximum
Defined Benefit Plan, Change in Benefit Obligation
Discount rate, percentage	0.20%	8.50%
Compensation increase rate	7.00%	7.00%

Employee Retirement and Pensi_8

Employee Retirement and Pension Benefits - Estimated Benefit Future Payments (Details) $ in Thousands	Dec. 31, 2020USD ($)
U.S.
Defined Benefit Plan, Expected Future Benefit Payment
2021	$ 18,142
2022	19,052
2023	19,836
2024	20,595
2025	21,251
2026-2030	112,711
Non U.S
Defined Benefit Plan, Expected Future Benefit Payment
2021	1,991
2022	2,114
2023	2,523
2024	2,631
2025	2,483
2026-2030	$ 11,901

Employee Retirement and Pensi_9

Employee Retirement and Pension Benefits - Unfunded Pension Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan, Funded (Unfunded) Status of Plan
Long-term unfunded pension liability	$ 115,077	$ 107,937
U.S.
Defined Benefit Plan, Funded (Unfunded) Status of Plan
Projected benefit obligation at end of period	474,085	433,408	$ 383,936
Fair value of plan assets at end of period	(396,853)	(358,577)	(302,763)
Unfunded pension liability	77,232	74,831
Non U.S
Defined Benefit Plan, Funded (Unfunded) Status of Plan
Projected benefit obligation at end of period	53,871	47,707	42,803
Fair value of plan assets at end of period	(11,471)	(10,924)	$ (12,676)
Unfunded pension liability	42,400	36,783
Long-term unfunded pension liability	37,845	33,106
Current portion	6,234	5,605
Total unfunded pension liability	44,079	38,711
Total overfunded pension liability	$ 1,679	$ 1,928

Employee Retirement and Pens_10

Employee Retirement and Pension Benefits - Amount Reported in Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
U.S.
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Before Tax [Roll Forward]
Net actuarial pension loss beginning of period	$ 87,459	$ 96,090	$ 112,632
Amortization of net actuarial loss	(6,852)	(8,919)	(9,314)
Net loss (gain) occurring during year	21,554	288	(7,228)
Net actuarial pension loss at end of period	87,459	96,090	112,632	$ 102,161	$ 87,459	$ 96,090
Tax benefit				(6,860)	(3,145)	(5,344)
Net actuarial pension loss at end of period, net of tax				95,301	84,314	90,746
Non U.S
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Before Tax [Roll Forward]
Net actuarial pension loss beginning of period	12,237	7,450	7,359
Amortization of net actuarial loss	(849)	(553)	(1,442)
Net loss (gain) occurring during year	1,339	5,232	1,462
Cumulative translation adjustment	84	108	71
Net actuarial pension loss at end of period	$ 12,237	$ 7,450	$ 7,359	12,811	12,237	7,450
Tax benefit				(3,043)	(2,958)	(1,911)
Net actuarial pension loss at end of period, net of tax				$ 9,768	$ 9,279	$ 5,539

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES
Operating leases	$ 58,235	$ 55,141
Finance leases	193	131
Cash paid for amounts included in the measurement of lease liabilities	58,428	55,272
Cash Investing Activities:
Issuances of notes receivable	(57)	(58)	$ (77)
Cash received on notes receivable	642	469	351
Change in notes receivable	585	411	274
Non-cash Investing Activities:
Property, equipment and intangibles purchased in accounts payable	5,862	10,439	6,961
Property, equipment and intangibles purchased for debt	18,813	40,323	32,262
Customer accounts receivable converted to notes receivable	843	565	110
Cash Financing Activities:
Proceeds from issuance of new debt	250,000	124,375	38,823
Borrowings on long-term debt	100,941	358,027	464,119
Payments of long-term debt	(135,250)	(468,637)	(432,122)
Payments of debt issuance and extinguishment costs, including underwriting fees	(4,833)	(664)	(352)
Change in long-term debt	210,858	13,101	70,468
Cash paid for amounts included in the measurement of finance lease liabilities	1,721	917
Non-cash Financing Activities:
Prepaid insurance funded through short-term debt borrowings	10,785	4,948	2,757
Prepaid ERP costs funded through short-term debt borrowings	0	3,919	0
Shares surrendered for tax obligations for employee share-based transactions in accrued liabilities	0	469	7
Accounts payable converted to installment notes	914	757	12,886
Other Supplemental Cash Flow Information:
Cash taxes paid, net of refunds	20,443	26,656	46,295
Cash interest paid	$ 71,659	$ 71,181	$ 68,892

Related Party Transactions - Na

Related Party Transactions - Narrative (Details)	1 Months Ended		3 Months Ended	12 Months Ended
	Aug. 31, 2019USD ($)	May 31, 2019USD ($)	Jun. 29, 2019USD ($)	Dec. 31, 2020USD ($)lease	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Mar. 28, 2020USD ($)	Mar. 30, 2019USD ($)
Related Party Transaction
Gain on sale of business				$ 4,122,000	$ 1,506,000	$ (556,000)
VPI
Related Party Transaction
Operating lease assets							$ 3,739,000	$ 3,739,000
Affiliated Entity
Related Party Transaction
Unrecorded unconditional purchase obligation		$ 7,000,000
Unrecorded unconditional purchase obligation, amount remaining				1,200,000
Due from related parties				$ 0
Sale of Subsidiary | Board of Directors Member | Affiliated Entity
Related Party Transaction
Proceeds from the divestiture of business		$ 6,500,000
Gain on sale of business			$ 2,800,000
Acquired Lease | Affiliated Entity | VPI
Related Party Transaction
Number of operating leases | lease				2
Operating lease assets				$ 3,500,000	$ 3,600,000
Increase in operating lease assets	$ 600,000

SCHEDULE I - CONDENSED FINANC_2

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF JELD-WEN HOLDING, INC. - CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statements of Operations:
Selling, general and administrative	$ 702,715	$ 660,574	$ 734,166
Other (expense) income
Income before taxes	116,675	120,045	131,111
Income tax expense (benefit)	25,089	57,074	(10,058)
Net income	91,586	62,971	141,907
Comprehensive income (loss):
Net income	91,586	62,971	141,907
Other comprehensive income (loss), net of tax:
Total other comprehensive income (loss), net of tax	92,582	(6,470)	(50,312)
Comprehensive income	184,168	56,501	91,595
Parent Company
Statements of Operations:
Selling, general and administrative	18,359	15,397	15,924
Equity in earnings of subsidiaries	109,509	77,950	157,429
Other (expense) income
Interest income	0	(32)	(36)
Interest expense	0	12	45
Other	(436)	(398)	(411)
Income before taxes	91,586	62,971	141,907
Income tax expense (benefit)	0	0	0
Net income	91,586	62,971	141,907
Comprehensive income (loss):
Net income	91,586	62,971	141,907
Other comprehensive income (loss), net of tax:
Equity in comprehensive (loss) income of subsidiaries	92,582	(6,470)	(50,312)
Total other comprehensive income (loss), net of tax	92,582	(6,470)	(50,312)
Comprehensive income	$ 184,168	$ 56,501	$ 91,595

SCHEDULE I - CONDENSED FINANC_3

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF JELD-WEN HOLDING, INC. - CONDENSED BALANCE SHEETS (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 735,820	$ 225,962
Other current assets	34,359	38,562
Total current assets	1,760,653	1,243,278
Property and equipment, net	872,585	864,375	$ 843,403
Total assets	3,964,685	3,381,332	3,047,525
Current liabilities
Accounts payable	269,891	294,951
Accrued expenses and other current liabilities	379,289	298,603
Total current liabilities	867,624	768,786
Total liabilities	2,960,221	2,569,245
Commitments and contingencies
Shareholders’ equity
Common Stock: 900,000,000 shares authorized, par value $0.01 per share, 100,806,068 shares outstanding as of December 31, 2020; 900,000,000 shares authorized, par value $0.01 per share, 100,668,003 shares outstanding as of December 31, 2019	1,008	1,007
Additional paid-in capital	690,687	671,772
Retained earnings	371,462	290,583
Total shareholders’ equity	1,004,464	812,087	$ 761,634
Total liabilities and shareholders’ equity	3,964,685	3,381,332
Parent Company
Current assets
Cash and cash equivalents	4,216	4,818
Other current assets	0	10
Total current assets	4,216	4,828
Property and equipment, net	2,947	3,074
Investment in subsidiaries	1,059,437	959,001
Long-term notes receivable, net of allowance	0	35
Total assets	1,066,600	966,938
Current liabilities
Accounts payable	483	510
Current payable to subsidiaries	2,911	2,431
Accrued expenses and other current liabilities	49	430
Notes payable and current maturities of long-term debt	0	205
Total current liabilities	3,443	3,576
Total liabilities	3,443	3,576
Commitments and contingencies
Shareholders’ equity
Common Stock: 900,000,000 shares authorized, par value $0.01 per share, 100,806,068 shares outstanding as of December 31, 2020; 900,000,000 shares authorized, par value $0.01 per share, 100,668,003 shares outstanding as of December 31, 2019	1,008	1,007
Additional paid-in capital	690,687	671,772
Retained earnings	371,462	290,583
Total shareholders’ equity	1,063,157	963,362
Total liabilities and shareholders’ equity	$ 1,066,600	$ 966,938

SCHEDULE I - CONDENSED FINANC_4

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF JELD-WEN HOLDING, INC. - CONDENSED BALANCE SHEET (Details) - $ / shares	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Shareholders’ equity
Common stock authorized (in shares)	900,000,000	900,000,000
Common stock, par value (usd per share)	$ 0.01	$ 0.01	$ 0.01
Common stock shares outstanding (in shares)	100,806,068	100,668,003
Parent Company
Shareholders’ equity
Common stock authorized (in shares)	900,000,000	900,000,000
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock shares outstanding (in shares)	100,806,068	100,668,003

SCHEDULE I - CONDENSED FINANC_5

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF JELD-WEN HOLDING, INC. - CONDENSED STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES
Net income	$ 91,586	$ 62,971	$ 141,907
Adjustments to reconcile net income to cash used in operating activities:
Depreciation	98,145	94,331	94,056
Other items, net	21,125	(3,320)	2,263
Stock-based compensation	16,399	13,315	15,052
Net change in operating assets and liabilities, net of effect of acquisitions:
Other assets	5,520	6,938	(18,966)
Accounts payable and accrued expenses	62,880	37,611	39,540
Net cash provided by operating activities	355,655	302,709	219,653
INVESTING ACTIVITIES
Net cash used in investing activities	(82,003)	(184,948)	(284,141)
FINANCING ACTIVITIES
Employee note repayments	0	0	39
Common stock issued for exercise of options	2,984	1,977	201
Common stock repurchased	(5,000)	(19,994)	(125,030)
Net cash provided by (used in) financing activities	207,909	(6,411)	(67,475)
Net increase (decrease) in cash and cash equivalents	506,718	112,253	(138,611)
Cash, cash equivalents and restricted cash, beginning	229,876	117,623	256,234
Cash, cash equivalents and restricted cash, ending	736,594	229,876	117,623
Parent Company
OPERATING ACTIVITIES
Net income	91,586	62,971	141,907
Adjustments to reconcile net income to cash used in operating activities:
Depreciation	127	128	161
Income from subsidiaries investment	(109,509)	(77,950)	(157,429)
Other items, net	(470)	436	538
Stock-based compensation	16,399	13,315	15,052
Net change in operating assets and liabilities, net of effect of acquisitions:
Receivables and payables from subsidiaries	3,891	19,564	123,366
Other assets	3	10	(5)
Accounts payable and accrued expenses	(408)	829	(859)
Net cash provided by operating activities	1,619	19,303	122,731
INVESTING ACTIVITIES
Distribution received from subsidiaries	0	2,000	1,500
Net cash used in investing activities	0	2,000	1,500
FINANCING ACTIVITIES
Payments of long-term debt	(205)	(757)	(982)
Employee note repayments	0	0	39
Common stock issued for exercise of options	2,984	1,977	201
Common stock repurchased	(5,000)	(19,994)	(125,030)
Net cash provided by (used in) financing activities	(2,221)	(18,774)	(125,772)
Net increase (decrease) in cash and cash equivalents	(602)	2,529	(1,541)
Cash, cash equivalents and restricted cash, beginning	4,818	2,289	3,830
Cash, cash equivalents and restricted cash, ending	$ 4,216	$ 4,818	$ 2,289

SCHEDULE I - CONDENSED FINANC_6

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF JELD-WEN HOLDING, INC. - Description of Company and Significant Accounting Policies (Details) - Buildings	12 Months Ended
	Dec. 31, 2020
Minimum
Condensed Financial Statements
Fixed assets useful life	15 years
Maximum
Condensed Financial Statements
Fixed assets useful life	45 years
Parent Company | Minimum
Condensed Financial Statements
Fixed assets useful life	15 years
Parent Company | Maximum
Condensed Financial Statements
Fixed assets useful life	45 years

SCHEDULE I - CONDENSED FINANC_7

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF JELD-WEN HOLDING, INC. - Property and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Condensed Financial Statements
Total property and equipment, net	$ 872,585	$ 864,375	$ 843,403
Depreciation	98,145	94,331	94,056
Parent Company
Condensed Financial Statements
Property and equipment	3,632	3,632
Accumulated depreciation	(685)	(558)
Total property and equipment, net	2,947	3,074
Depreciation	127	128	$ 161
Parent Company | Buildings
Condensed Financial Statements
Property and equipment	$ 3,632	$ 3,632

SCHEDULE I - CONDENSED FINANC_8

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF JELD-WEN HOLDING, INC. - Long-Term Debt (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Condensed Financial Statements
Long-term debt	$ 0
Installment notes for stock
Condensed Financial Statements
Effective interest rate, percent	0.00%
Parent Company
Condensed Financial Statements
Current maturities of long-term debt	$ 0	$ (205,000)
Parent Company | Installment notes for stock
Condensed Financial Statements
Effective interest rate, percent	0.00%
Long-term debt	$ 0	$ 205,000
Debt instrument	10 years

SCHEDULE I - CONDENSED FINANC_9

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF JELD-WEN HOLDING, INC. - Supplemental Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Condensed Financial Statements
Shares surrendered for tax obligations for employee share-based transactions in accrued liabilities	$ 0	$ 469	$ 7
Parent Company
Condensed Financial Statements
Dividend from subsidiary settled with payable to subsidiary	3,410	22,090	132,295
Shares surrendered for tax obligations for employee share-based transactions in accrued liabilities	$ 0	$ 469	$ 7