Patrick Industries (PATK) 10-K 24 Feb 23 2022 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Feb. 10, 2023	Jun. 24, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	000-03922
Entity Registrant Name	PATRICK INDUSTRIES, INC.
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-1057796
Entity Address, Address Line One	107 W. FRANKLIN STREET, P.O. BOX 638
Entity Address, City or Town	ELKHART,
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46515
City Area Code	574
Local Phone Number	294-7511
Title of 12(b) Security	Common stock, without par value
Trading Symbol	PATK
Security Exchange Name	NASDAQ
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			$ 1,150
Entity Common Stock, Shares Outstanding		22,419,591
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s Proxy Statement for its Annual Meeting of Shareholders to be held on May 25, 2023 are incorporated by reference into Part III of this Form 10-K.
Entity Central Index Key	0000076605
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Chicago, Illinois

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
NET SALES	$ 4,881,872	$ 4,078,092	$ 2,486,597
Cost of goods sold	3,821,934	3,276,898	2,027,580
GROSS PROFIT	1,059,938	801,194	459,017
Operating Expenses:
Warehouse and delivery	163,026	139,606	98,400
Selling, general and administrative	327,513	253,547	146,376
Amortization of intangible assets	73,229	56,329	40,868
Total operating expenses	563,768	449,482	285,644
OPERATING INCOME	496,170	351,712	173,373
Interest expense, net	60,760	57,890	43,001
Income before income taxes	435,410	293,822	130,372
Income taxes	107,214	68,907	33,311
NET INCOME	$ 328,196	$ 224,915	$ 97,061
BASIC EARNINGS PER COMMON SHARE (in USD per share)	$ 14.82	$ 9.87	$ 4.27
DILUTED EARNINGS PER COMMON SHARE (in USD per share)	$ 13.49	$ 9.63	$ 4.20
Weighted average shares outstanding - Basic (in shares)	22,140	22,780	22,730
Weighted average shares outstanding - Diluted (in shares)	24,471	23,355	23,087

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 328,196	$ 224,915	$ 97,061
Other comprehensive income (loss), net of tax:
Change in unrealized gain (loss) of hedge derivatives	757	4,131	(515)
Foreign currency translation gain (loss)	(97)	142	154
Other	873	(449)	7
Total other comprehensive income (loss)	1,533	3,824	(354)
COMPREHENSIVE INCOME	$ 329,729	$ 228,739	$ 96,707

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 22,847	$ 122,849
Trade and other receivables, net	172,890	172,392
Inventories	667,841	614,356
Prepaid expenses and other	46,326	64,478
Total current assets	909,904	974,075
Property, plant and equipment, net	350,572	319,493
Operating lease right-of-use-assets	163,674	158,183
Goodwill	629,263	551,377
Intangible assets, net	720,230	640,456
Other non-current assets	8,828	7,147
TOTAL ASSETS	2,782,471	2,650,731
Current Liabilities
Current maturities of long-term debt	7,500	7,500
Current operating lease liabilities	44,235	40,301
Accounts payable	142,910	203,537
Accrued liabilities	172,595	181,439
Total current liabilities	367,240	432,777
Long-term debt, less current maturities, net	1,276,149	1,278,989
Long-term operating lease liabilities	122,471	120,161
Deferred tax liabilities, net	48,392	36,453
Other long-term liabilities	13,050	14,794
TOTAL LIABILITIES	1,827,302	1,883,174
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Preferred stock, no par value; authorized 1,000,000 shares; none issued or outstanding	0	0
Common stock, no par value; authorized 40,000,000 shares; issued and outstanding 2022 - 22,212,360 shares; issued and outstanding 2021 - 23,453,639 shares	197,003	196,383
Additional paid-in-capital	0	59,668
Accumulated other comprehensive loss	(695)	(2,228)
Retained earnings	758,861	513,734
TOTAL SHAREHOLDERS’ EQUITY	955,169	767,557
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,782,471	$ 2,650,731

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, authorized (in shares)	40,000,000	40,000,000
Common stock, issued (in shares)	22,212,360	23,453,639
Common stock, outstanding (in shares)	22,212,360	23,453,639

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 328,196	$ 224,915	$ 97,061
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	130,757	104,808	73,270
Amortization of convertible notes debt discount	1,851	7,987	7,187
Stock-based compensation expense	21,751	22,887	15,960
Deferred income taxes	(9,349)	(3,943)	8,091
(Gain) loss on sale of property, plant and equipment	(5,560)	583	91
Other	4,785	4,971	3,900
Change in operating assets and liabilities, net of acquisitions of businesses:
Trade and other receivables, net	26,056	(14,350)	(29,190)
Inventories	(11,896)	(232,465)	(34,554)
Prepaid expenses and other assets	20,123	(13,114)	(2,414)
Accounts payable, accrued liabilities and other	(94,976)	149,851	20,751
Net cash provided by operating activities	411,738	252,130	160,153
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(79,883)	(64,804)	(32,100)
Proceeds from sale of property, equipment, facility and other	7,620	197	211
Business acquisitions, net of cash acquired	(248,899)	(508,127)	(305,995)
Other investing activities	(305)	(2,000)	0
Net cash used in investing activities	(321,467)	(574,734)	(337,884)
CASH FLOWS FROM FINANCING ACTIVITIES
Term debt borrowings	0	58,750	0
Term debt repayments	(7,500)	(6,875)	(5,000)
Borrowing on revolver	839,436	832,500	239,277
Repayments on revolver	(894,147)	(972,500)	(99,277)
Proceeds from senior notes offering	0	350,000	0
Proceeds from convertible notes offering	0	258,750	0
Purchase of convertible notes hedges	0	(57,443)	0
Proceeds from sale of warrants	0	43,677	0
Cash dividends paid to shareholders	(32,869)	(27,024)	(23,630)
Stock repurchases under buyback program	(77,117)	(48,940)	(23,106)
Taxes paid for share-based payment arrangements	(10,227)	(17,814)	(3,741)
Payment of deferred financing costs	(2,464)	(15,745)	(58)
Payment of contingent consideration from business acquisitions	(5,580)	(1,600)	(2,000)
Proceeds from exercise of common stock options	195	4,950	643
Net cash (used in) provided by financing activities	(190,273)	400,686	83,108
(Decrease) increase in cash and cash equivalents	(100,002)	78,082	(94,623)
Cash and cash equivalents at beginning of year	122,849	44,767	139,390
Cash and cash equivalents at end of year	$ 22,847	$ 122,849	$ 44,767

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in- Capital	Additional Paid-in- Capital Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment
Beginning Balance at Dec. 31, 2019	$ 497,481		$ 172,662	$ 25,014		$ (5,698)	$ 0	$ 305,503
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	97,061							97,061
Dividends declared	(24,202)							(24,202)
Other comprehensive loss, net of tax	(354)					(354)
Share repurchases under buyback program	(23,106)		(4,331)	(627)				(18,148)
Issuance of shares upon exercise of common stock options	643		643
Repurchase of shares for tax payments related to the vesting and exercise of share-based grants	(4,042)		(4,042)
Stock-based compensation expense	15,960		15,960
Ending Balance at Dec. 31, 2020	$ 559,441		180,892	24,387		(6,052)	0	360,214
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06 [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 224,915							224,915
Dividends declared	(27,836)							(27,836)
Other comprehensive loss, net of tax	3,824					3,824
Share repurchases under buyback program	(48,940)		(2,729)	(368)			(21,550)	(24,293)
Issuance of shares upon exercise of common stock options	4,950		4,950
Repurchase of shares for tax payments related to the vesting and exercise of share-based grants	(17,815)		(17,815)
Stock-based compensation expense	22,887		22,887
Retirement of treasury stock	0		(2,013)	(271)			21,550	(19,266)
Issuance of shares in connection with a business combination	10,211		10,211
Purchase of convertible notes hedges, net of tax of $14,556	(42,887)			(42,887)
Proceeds from sale of warrants	43,677			43,677
Equity component of convertible note issuance, net of tax of $11,923	35,130			35,130
Ending Balance at Dec. 31, 2021	767,557	$ (43,693)	196,383	59,668	$ (59,668)	(2,228)	0	513,734	$ 15,975
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	328,196							328,196
Dividends declared	(33,160)							(33,160)
Other comprehensive loss, net of tax	1,533					1,533
Share repurchases under buyback program	(76,983)		(11,099)					(65,884)
Issuance of shares upon exercise of common stock options	195		195
Repurchase of shares for tax payments related to the vesting and exercise of share-based grants	(10,227)		(10,227)
Stock-based compensation expense	21,751		21,751
Ending Balance at Dec. 31, 2022	$ 955,169		$ 197,003	$ 0		$ (695)	$ 0	$ 758,861

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parentheticals) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Statement of Stockholders' Equity [Abstract]
Purchase of convertible notes hedges, tax	$ 14,556
Equity component of convertible note issuance, tax	$ 11,923

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Nature of Business Patrick Industries, Inc. (“Patrick” or the “Company”) operations consist of the manufacture and distribution of component products and materials for use primarily by the recreational vehicle (“RV”), marine, manufactured housing (“MH”) and industrial markets for customers throughout the United States and Canada. At December 31, 2022, the Company maintained 185 manufacturing plants and 67 distribution facilities located in 23 states with a small presence in Mexico, China and Canada. Patrick operates in two business segments: Manufacturing and Distribution. Principles of Consolidation The accompanying consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission and in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The consolidated financial statements include the accounts of Patrick and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. In preparation of Patrick’s consolidated financial statements as of December 31, 2022, management evaluated all material subsequent events or transactions that occurred after the balance sheet date through the date of issuance of the Form 10-K to determine those requiring recognition or disclosure in the consolidated financial statements. Financial Periods The Company maintains its financial records on the basis of a fiscal year ending on December 31, with the fiscal quarters spanning thirteen weeks, with the first, second and third quarters ending on the Sunday closest to the end of the first, second and third 13-week periods, respectively. The first three quarters of fiscal year 2022 ended on March 27, 2022, June 26, 2022 and September 25, 2022. The first three quarters of fiscal year 2021 ended on March 28, 2021, June 27, 2021 and September 26, 2021. The first three quarters of fiscal year 2020 ended on March 29, 2020, June 28, 2020 and September 27, 2020. Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Estimates include the valuation of goodwill and indefinite-lived intangible assets, the valuation of long-lived assets, the allowance for doubtful accounts, excess and obsolete inventories, assets acquired and liabilities assumed in a business combination, the valuation of estimated contingent consideration, deferred tax asset valuation allowances, and certain accrued liabilities. Actual results could differ from the amounts reported. Revenue Recognition See Note 3 for further information on our revenue recognition accounting policies. Costs and Expenses Cost of goods sold includes material costs, direct and indirect labor, depreciation, overhead expenses, inbound freight charges, inspection costs, internal transfer costs, receiving costs, and other costs. Warehouse and delivery expenses include salaries and wages, building rent and insurance, and other overhead costs related to distribution operations and delivery costs related to the shipment of finished and distributed products to customers. Stock Based Compensation Compensation expense related to the fair value of restricted stock awards as of the grant date is calculated based on the Company’s closing stock price on the date of grant. In addition, the Company estimates the fair value of all stock option and stock appreciation ri ghts (“SARS”) awards as of the grant date by applying the Black-Scholes option-pricing model. The use of this valuation model involves assumptions that are judgmental and highly sensitive in the determination of compensation expense, including the expected option term, dividend yield, risk-free interest rate and volatility of the Company's common stock. Expected volatilities take into consideration the historical volatility of the Company’s common stock. The expected term of options and SARS represents the period of time that the options and SARS granted are expected to be outstanding based on historical Company trends. The risk free interest rate is based on the U.S. Trea sury yield curve in effect at the time of grant for instruments of a similar term. New shares are issued upon exercise of options. Forfeitures of stock based compensation are recognized as incurred. Earnings Per Common Share Basic earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income available for diluted shares (calculated as net income plus the after-tax effect of interest on potentially dilutive convertible notes, as defined by Accounting Standards Update ("ASU") 2020-06) by the weighted-average number of common shares outstanding, plus the weighted-average impact of potentially dilutive convertible notes as defined by ASU 2020-06, plus the dilutive effect of stock options, SARS, and certain restricted stock awards (collectively, “Common Stock Equivalents”). The dilutive effect of Common Stock Equivalents is calculated under the treasury stock method using the average market price for the period. Common Stock Equivalents are not included in the computation of diluted earnings per common share if their effect would be anti-dilutive. See Note 2 for further discussion on the adoption of ASU 2020-06. See Note 13 for the calculation of both basic and diluted earnings per common share. Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents. Trade and Other Receivables Trade receivables consist primarily of amounts due to the Company from its normal business activities. In assessing the carrying value of its trade receivables, the Company estimates the recoverability by making assumptions based on historical and forward-looking factors, such as historical and anticipated customer performance, current overall and industry-specific economic conditions, historical write-off and collection experience, the level of past-due amounts, and specific risks identified in the trade receivables portfolio. Other receivables consist of employee advances, insurance claims, amounts owed from vendors pertaining to importation costs, and other miscellaneous items. Trade and other receivables, net consists of the following at December 31, 2022 and 2021: (thousands) 2022 2021 Trade receivables $ 144,301 $ 157,222 Other receivables 30,787 16,311 Allowance for doubtful accounts (2,198) (1,141) Total $ 172,890 $ 172,392 Inventories Inventories are generally stated at the lower of cost (first-in, first-out method or, for certain inventories, average costing method) and net realizable value. Based on the inventory aging and other considerations for realizable value, the Company writes down the carrying value to net realizable value where appropriate. The Company reviews inventory on-hand and records provisions for excess and obsolete inventory based on current assessments of future demand, market conditions, and related management initiatives. The cost of manufactured inventories includes raw materials, inbound freight, labor and overhead. The Company’s distribution inventories include the cost of materials purchased for resale and inbound freight. Prepaid Expenses and Other Prepaid expenses and other consists of the following at December 31, 2022 and 2021: (thousands) 2022 2021 Vendor rebates receivable $ 12,366 $ 8,702 Prepaid expenses 22,311 20,380 Vendor and other deposits 11,649 35,396 Total $ 46,326 $ 64,478 Property, Plant and Equipment Property, plant and equipment (“PP&E”) is generally recorded at cost. Depreciation is computed primarily by the straight-line method applied to individual items based on estimated useful lives, which is as follows for 2022: Asset Class Useful Life Buildings and improvements 10-30 years Leasehold improvements 10 years Capitalized software 3-5 years Machinery and equipment and transportation equipment 3-7 years Leasehold improvements are amortized over the lesser of their useful lives or the related lease term. The recoverability of PP&E is evaluated whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable, primarily based on estimated selling price, appraised value or projected future cash flows. Goodwill and Intangible Assets Goodwill and indefinite-lived intangible assets are not amortized but are subject to an annual impairment test based on their estimated fair value. The Company performs the required test for goodwill and indefinite-lived intangible assets for impairment in the fourth quarter, or more frequently, if events or changes in circumstances indicate that the carrying value may exceed the fair value. As part of the annual goodwill test, we estimate the fair value of our reporting units using both an income and market based approach. The market approach includes a comparison of multiples of earnings before interest, taxes, depreciation and amortization for the reporting units to similar businesses or guideline companies whose securities are actively traded in public markets. The income approach calculates the present value of expected cash flows to determine the estimated fair value of our reporting units. Additionally, the income approach requires us to estimate future cash flows, the timing of these cash flows, and a discount rate (based on a weighted average cost of capital), which represents the time value of money and the inherent risk and uncertainty of the future cash flows. The assumptions we use to estimate future cash flows are consistent with the assumptions that our reporting units use for internal planning purposes. When calculating the present value of future cash flows under the income approach, we take into consideration multiple variables, including forecasted sales volumes and operating income, current industry and economic conditions, and historical results. If we determine that the estimated fair value of each reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired. Our fourth quarter 2022 goodwill impairment test concluded that the fair values of each of our reporting units exceeded their carrying values. Our 2022 indefinite-lived intangibles test also concluded that the fair values of intangibles exceeded their respective carrying values. Impairment of Long-Lived Assets When events or conditions warrant, the Company evaluates the recoverability of long-lived assets other than goodwill and indefinite-lived intangible assets and considers whether these assets are impaired. The Company assesses the recoverability of these assets based upon several factors, including management's intention with respect to the assets and their projected future undiscounted cash flows. If projected undiscounted cash flows are less than the carrying amount of the assets, the Company adjusts the carrying amounts of such assets to their estimated fair value. A significant adverse change in the Company’s business climate in future periods could result in a significant loss of market share or the inability to achieve previously projected revenue growth and could lead to a required assessment of the recoverability of the Company’s long-lived assets, which may subsequently result in an impairment charge. Finite-lived intangible assets are amortized over their useful lives, as detailed further in Note 7, and are also subject to an impairment test based on estimated undiscounted cash flows when impairment indicators exist. Fair Value and Financial Instruments The Company accounts for certain assets and liabilities at fair value. The fair values are separated into three broad levels (Levels 1, 2 and 3) based on the assessment of the availability of observable market data and the significance of non-observable data used to determine fair value. Each fair value measurement must be assigned to a level corresponding to the lowest level input that is significant to the fair value measurement in its entirety. The three levels are as follows: • Level 1 inputs, which are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. • Level 2 inputs, which are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability. • Level 3 inputs, which are unobservable inputs for the asset or liability. These unobservable inputs reflect the entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability, and are developed based on the best information available in the circumstances (which might include the reporting entity’s own data). 2022 2021 (in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash equivalents (1) $ 15.2 $ — $ — $ 118.4 $ — $ — 7.50% senior notes due 2027 (2) — 293.9 — — 319.5 — 4.75% senior notes due 2029 (2) — 293.8 — — 350.6 — 1.00% convertible notes due 2023 (2) — 172.0 — — 194.1 — 1.75% convertible notes due 2028 (2) — 219.9 — — 269.8 — Term loan due 2027 (3) — 136.9 — — 144.4 — Revolver due 2027 (3) — 80.3 — — 135.0 — Interest rate swaps (4) — — — — 1.0 — Contingent consideration (5) — — 9.2 — — 12.3 (1) The carrying amounts of cash equivalents, representing government and other money market funds traded in an active market with relatively short maturities, are reported on the consolidated balance sheet as of December 31, 2022 as a component of "Cash and cash equivalents". (2) The amounts of these notes listed above are the fair values for disclosure purposes only, and they are recorded in the Company's consolidated balance sheets as of December 31, 2022 and 2021 using the interest rate method. (3) The carrying amounts of our term loan and revolver approximate fair value as of December 31, 2022 and 2021 based upon their terms and conditions in comparison to the terms and conditions of debt instruments with similar terms and conditions available at those dates. (4) The interest rate swaps are discussed further in Note 9. (5) The estimated fair value of the Company's contingent consideration is discussed further in Note 4. Income Taxes Income tax expense is calculated based on statutory tax rates of the federal, state, and international jurisdictions in which the Company operates and income earned or apportioned to each of these respective jurisdictions, as well as any additional tax planning available to the Company in these jurisdictions. Certain income and expenses are not reported in tax returns and financial statements in the same year. The tax effect of such temporary differences is reported as deferred income taxes. Deferred taxes are provided on an asset and liability method whereby deferred taxes are recognized based on temporary differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets may not be realized. The Company reports a liability, if any, for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. Reclassified Amounts Certain immaterial reclassifications have been made to the prior period presentation to conform to the current period presentation of "(Gain) loss on sale of property, plant and equipment" and "Other" non-cash items in the consolidated statements of cash flows.

RECENTLY ISSUED ACCOUNTING PRON

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Reference Rate Reform In March 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-04, " Reference Rate Reform (Topic 848) ", a new standard providing final guidance to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from the London InterBank Offer Rate ("LIBOR") and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate ("SOFR"). Entities can elect not to apply certain modification accounting requirements to contracts affected by what the guidance calls reference rate reform, if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Entities can elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform, if certain criteria are met. The guidance is effective upon issuance and generally can be applied through December 31, 2022. In the third quarter ended September 25, 2022, the Company entered into an amendment of its credit agreement, which included a transition from a LIBOR-based rate to a SOFR-based rate. See Note 8 for further discussion of this amendment. The transition from LIBOR to SOFR in accordance with the amended credit agreement did not have a material impact on the Company's consolidated financial statements. Accounting for Convertible Instruments and Contracts in an Entity's Own Equity In August 2020, the FASB issued ASU 2020-06, " Accounting for Convertible Instruments and Contracts in an Entity's Own Equity

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION The Company is a major manufacturer and distributor of component products and materials serving original equipment manufacturers and other customers in the RV, marine, MH, and industrial industries. Revenue is recognized when or as control of the promised goods transfers to the Company's customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods. The Company’s contracts typically consist of a single performance obligation to manufacture and provide the promised goods. To the extent a contract is deemed to have multiple performance obligations, the Company allocates the transaction price of the contract to each performance obligation using the standalone selling price of each distinct good in the contract. The transaction price for contracts may include reductions to the transaction price for estimated volume discounts and rebates and other customer incentives. Manufacturing segment revenue is recognized when control of the products transfers to the customer which is the point when the customer gains the ability to direct the use of and obtain substantially all the remaining benefits from the asset, which is generally upon delivery of goods, or upon shipment of goods in certain circumstances. In limited circumstances, where the products are customer specific with no alternative use to the Company, and the Company has a legally enforceable right to payment for performance to date with a reasonable margin, revenue is recognized over the contract term based on the cost-to-cost method. However, such revenue is not material to the consolidated financial statements. Distribution segment revenue from product sales is recognized on a gross basis upon shipment or delivery of goods at which point control transfers to the customer. The Company acts as a principal in such arrangements because it controls the promised goods before delivery to the customer. The Company uses direct shipment arrangements with certain vendors and suppliers to deliver products to its customers without having to physically hold the inventory at its warehouses. The Company is the principal in the transaction and recognizes revenue for direct shipment arrangements on a gross basis. Our role as principal in our distribution sales is generally characterized by (i) customers entering into contracts with the Company, not the vendor; (ii) our obligation to pay the vendor irrespective of our ability to collect from the customer; (iii) our discretion in determining the price of the good provided to the customer; (iv) our title to the goods before the customer receives or accept the goods; and (v) our responsibility for the quality and condition of goods delivered to the customer. In the following table, revenue from contracts with customers, net of intersegment sales, is disaggregated by market type and by reportable segment, consistent with how the Company believes the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors: Year Ended December 31, 2022 (thousands) Manufacturing Distribution Total Market type: Recreational Vehicle $ 1,777,541 $ 815,478 $ 2,593,019 Marine 976,699 60,803 1,037,502 Manufactured Housing 344,983 359,618 704,601 Industrial 504,543 42,207 546,750 Total $ 3,603,766 $ 1,278,106 $ 4,881,872 Year Ended December 31, 2021 (thousands) Manufacturing Distribution Total Market type: Recreational Vehicle $ 1,617,852 $ 786,590 $ 2,404,442 Marine 633,848 31,417 665,265 Manufactured Housing 261,856 283,207 545,063 Industrial 416,910 46,412 463,322 Total $ 2,930,466 $ 1,147,626 $ 4,078,092 Year Ended December 31, 2020 (thousands) Manufacturing Distribution Total Market type: Recreational Vehicle $ 938,301 $ 453,907 $ 1,392,208 Marine 324,250 14,411 338,661 Manufactured Housing 180,136 252,227 432,363 Industrial 286,764 36,601 323,365 Total $ 1,729,451 $ 757,146 $ 2,486,597 Sales and other taxes collected concurrent with revenue-producing activities are excluded from net sales. The Company records freight billed to customers in net sales. The corresponding costs incurred for shipping and handling related to these customer-billed freight costs are accounted for as costs to fulfill the contract and are included in warehouse and delivery expenses. The Company’s contracts across each of its businesses typically do not result in situations where there is a time period greater than one year between performance under the contract and collection of the related consideration. The Company does not account for a significant financing component when the Company expects, at contract inception, that the period between the Company's transfer of a promised good or service to a customer and the customer’s payment for that good or service will be one year or less. The Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the incurred costs that the Company otherwise would have capitalized is one year or less. These costs, representing primarily sales commissions, are included in selling, general and administrative expenses. The Company does not disclose information about the transaction price being allocated to the remaining performance obligations at period end, as the Company does not have material contracts that have original expected durations of more than one year.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS The Company completed the acquisitions discussed below during the years ended December 31, 2022, 2021 and 2020. The acquisitions were funded through cash on hand, issuance of shares, or borrowings under the Company’s credit facility in existence at the time of acquisition. For each of the acquisitions discussed, we either acquired the assets and assumed the liabilities of the business, or acquired 100% of the equity interests. Assets acquired and liabilities assumed in the individual acquisitions were recorded on the Company’s consolidated balance sheet at their estimated fair values as of the respective dates of acquisition. For each acquisition, the Company completes its allocation of the purchase price to the fair value of acquired assets and liabilities within a one-year measurement period. For those acquisitions where the purchase price allocation is provisional, which includes certain acquisitions completed in 2022, the Company is still in the process of finalizing the fair values of acquired intangible assets and fixed assets. In general, the acquisitions described below provided the opportunity for the Company to either establish a new presence in a particular market and/or expand its product offerings in an existing market and increase its market share and per unit content. For each acquisition, the excess of the purchase consideration over the fair value of the net assets acquired is recorded as goodwill, which generally represents the combined value of the Company’s existing purchasing, manufacturing, sales, and systems resources with the organizational talent and expertise of the acquired companies’ respective management teams to maximize efficiencies, revenue impact, market share growth and net income. For the years ended December 31, 2022, 2021 and 2020, revenue of approximately $121.8 million, $259.9 million and $81.9 million, respectively, was included in the Company’s consolidated statements of income pertaining to the businesses acquired in each such respective year. For the years ended December 31, 2022, 2021 and 2020, operating income of approximately $19.4 million, $25.0 million and $10.7 million, respectively, was included in the Company’s consolidated statements of income pertaining to the businesses acquired in each such respective year. Acquisition-related costs associated with the businesses acquired in 2022, 2021 and 2020 were immaterial in each respective year. Contingent Consideration In connection with certain acquisitions, if certain financial results for the acquired businesses are achieved, the Company is required to pay additional cash consideration. The Company records a liability for the fair value of the contingent consideration related to each of these acquisitions as part of the initial purchase price based on the present value of the expected future cash flows and the probability of future payments at the date of acquisition. The following table provides a reconciliation of the beginning and ending aggregate fair values of the contingent consideration as of December 31, 2022 and 2021: (thousands) 2022 2021 Beginning fair value - contingent consideration $ 12,275 $ 6,885 Additions 1,940 4,540 Fair value adjustments 2,228 3,350 Settlements (7,230) (2,500) Ending fair value - contingent consideration 9,213 12,275 The following table shows the balance sheet location of the fair value of contingent consideration and the maximum amount of contingent consideration payments the Company may be subject to at December 31, 2022 and 2021: (thousands) 2022 2021 Accrued liabilities $ 5,250 $ 7,040 Other long-term liabilities 3,963 5,235 Total fair value of contingent consideration 9,213 12,275 Maximum amount of contingent consideration 10,747 19,600 2022 Acquisitions The Company completed five acquisitions in the year ended December 31, 2022, including the following three previously announced acquisitions (collectively, the "2022 Acquisitions"): Company Segment Description Rockford Corporation Manufacturing Designer and manufacturer of audio systems and components through its brand Rockford Fosgate®, primarily serving the powersports and automotive aftermarkets, based in Tempe, Arizona, acquired in March 2022. Diamondback Towers, LLC Manufacturing Manufacturer of wakeboard/ski towers and accessories for marine original equipment manufacturers ("OEMs"), based in Cocoa, Florida, acquired in May 2022. Transhield Manufacturing Designer and manufacturer of customized and proprietary protection solutions for the marine, military and industrial markets, including covers and shrinkable packaging, to protect equipment during transport and storage, based in Elkhart, Indiana, acquired in November 2022. Inclusive of two acquisitions not discussed above, total cash consideration for the 2022 Acquisitions was approximately $248.5 million, plus contingent consideration over a one 2021 Acquisitions The Company completed thirteen acquisitions in the year ended December 31, 2021, including the following seven previously announced acquisitions (collectively, the "2021 Acquisitions"): Company Segment Description Sea-Dog Corporation & Sea-Lect Plastics (collectively, "Sea-Dog") Distribution & Manufacturing Distributor of a variety of marine and powersports hardware and accessories to distributors, wholesalers, retailers, and manufacturers and provider of plastic injection molding, design, product development and expert tooling to companies and government entities, based in Everett, Washington, acquired in March 2021. Hyperform, Inc. Manufacturing Manufacturer of high-quality, non-slip foam flooring, operating under the SeaDek brand name, for the marine OEM market and aftermarket as well as serving the pool and spa, powersports and utility markets under the SwimDek and EndeavorDek brand names, with manufacturing facilities in Rockledge, Florida and Cocoa, Florida, acquired in April 2021. Alpha Systems, LLC Manufacturing & Distribution Manufacturer and distributor of component products and accessories for the RV, marine, manufactured housing and industrial end markets that includes adhesives, sealants, rubber roofing, roto/blow molding and injection molding products, flooring, insulation, shutters, skylights, and various other products and accessories, operating out of nine facilities in Elkhart, Indiana, acquired in May 2021. Coyote Manufacturing Company Manufacturing Designer, fabricator, and manufacturer of a variety of steel and aluminum products, including boat trailers, towers, T-tops, leaning posts, and other custom components primarily for the marine OEM market, based in Nashville, Georgia, acquired in August 2021. Tumacs Covers Manufacturing Manufacturer of custom designed boat covers, canvas frames, and bimini tops, primarily serving large marine OEMs and dealers, headquartered in Pittsburgh, Pennsylvania, with manufacturing facilities in Indiana and Pennsylvania, and a distribution/service center in Michigan, acquired in August 2021. Wet Sounds, Inc. & Katalyst Industries LLC (collectively "Wet Sounds") Manufacturing Designer, engineer, and fabricator of innovative audio systems and accessories, including amplifiers, tower speakers, soundbars, and subwoofers sold directly to OEMs and consumers, and to dealers and retailers, primarily within the marine market as well as to the home audio and powersports markets and aftermarkets, based in Rosenburg, Texas, acquired in November 2021. Williamsburg Marine LLC & Williamsburg Furniture, Inc. (collectively "Williamsburg") Manufacturing Manufacturer of seating for the RV and marine end markets sold primarily to OEMs, based in Milford and Nappanee, Indiana, acquired in November 2021. Inclusive of six acquisitions not discussed above, total cash consideration for the 2021 Acquisitions was approximately $509.1 million, plus contingent consideration over a one 2020 Acquisitions The Company completed eleven acquisitions in the year ended December 31, 2020, including the following seven previously announced acquisitions (collectively, the "2020 Acquisitions"): Company Segment Description Maple City Woodworking Corporation Manufacturing Manufacturer of hardwood cabinet doors and fascia for the RV market based in Goshen, Indiana, acquired in March 2020. SEI Manufacturing, Inc. Manufacturing Manufacturer of towers, T-Tops, hardtops, rails, gates and other aluminum exterior products for the marine market located in Cromwell, Indiana, acquired in March 2020. Inland Plywood Company Manufacturing Supplier, laminator, and wholesale distributor of treated, untreated, and laminated plywood, medium density overlay panels, and other specialty products, primarily serving the marine market as well as the RV and industrial markets headquartered in Pontiac, Michigan with an additional facility in Cocoa, Florida, acquired in August 2020. Synergy RV Transport Distribution Transportation and logistics service provider primarily for original equipment manufacturers and dealers in the RV market located in Goshen, Indiana, acquired in August 2020. Front Range Stone Manufacturing Fabricator and installer of natural stone, quartz, solid surface, and laminate countertops, primarily serving big box home improvement retailers, home builders and commercial contractors in the industrial market based in Englewood, Colorado, acquired in September 2020. Geremarie Corporation Manufacturing Designer, manufacturer, and fabricator of a full suite of high-precision aluminum components serving the marine industry, in addition to the medical, aerospace, defense, commercial and industrial markets located in Lake Zurich, Illinois, acquired in November 2020. Taco Metals, LLC Manufacturing Manufacturer of boating products including rub rail systems, canvas and tower components, sport fishing and outrigger systems, helm chairs and pedestals, and specialty hardware for leading OEMs in the recreational boating industry and the related aftermarket headquartered in Miami, Florida, with manufacturing facilities in Tennessee and Florida, and distribution centers in Tennessee, Florida, South Carolina, and Massachusetts, acquired in November 2020. Inclusive of four acquisitions not discussed above, total cash consideration for the 2020 Acquisitions was approximately $306.5 million, plus contingent consideration over a one The following table summarizes the fair values of the assets acquired and liabilities assumed as of the date of the acquisition for 2022 Acquisitions: 2022 (thousands) Acquisition A Acquisition B All Others Total Consideration Cash, net of cash acquired $ 132,557 $ 95,582 $ 20,355 $ 248,494 Working capital holdback and other, net (1) — (749) 414 (335) Contingent consideration (2) — — 1,750 1,750 Total consideration 132,557 94,833 22,519 249,909 Assets Acquired Trade receivables $ 20,640 $ 4,882 $ 904 $ 26,426 Inventories 32,744 8,732 2,309 43,785 Prepaid expenses & other 2,502 161 93 2,756 Property, plant & equipment 5,270 6,026 1,638 12,934 Operating lease right-of-use assets 2,917 1,435 599 4,951 Identifiable intangible assets: Customer relationships 56,000 38,630 6,940 101,570 Non-compete agreements 400 230 250 880 Patents 7,500 9,400 — 16,900 Trademarks 16,000 7,910 1,410 25,320 Liabilities Assumed Current portion of operating lease obligations (512) (289) (273) (1,074) Accounts payable & accrued liabilities (25,681) (3,238) (1,253) (30,172) Operating lease obligations (2,405) (1,146) (326) (3,877) Deferred tax liabilities (19,540) (14,076) — (33,616) Total fair value of net assets acquired 95,835 58,657 12,291 166,783 Goodwill (3) 36,722 36,176 10,228 83,126 $ 132,557 $ 94,833 $ 22,519 $ 249,909 (1) Certain acquisitions contain working capital holdbacks which are typically settled in a 90-day period following the close of the acquisition. This value represents the remaining amounts due to (from) sellers as of December 31, 2022. (2) These amounts reflect the acquisition date fair value of contingent consideration based on future results relating to certain acquisitions. (3) Goodwill is tax-deductible for the 2022 Acquisitions, except Acquisition A and Acquisition B (totaling approximately $72.9 million). The following table summarizes the fair values of the assets acquired and liabilities assumed as of the date of the acquisition for 2021 and 2020 Acquisitions: 2021 2020 Acquisitions (thousands) Acquisition A Acquisition B All Others Total Consideration Cash, net of cash acquired $ 149,304 $ 165,387 $ 194,373 $ 509,064 $ 306,482 Common stock issuance (1) 10,211 — — 10,211 — Contingent consideration (2) 3,500 — 1,230 4,730 4,763 Total consideration 163,015 165,387 195,603 524,005 311,245 Assets Acquired Trade receivables $ 8,370 $ 4,483 $ 13,265 $ 26,118 $ 15,324 Inventories 25,760 16,647 24,898 67,305 25,583 Prepaid expenses & other 46 12,210 1,491 13,747 733 Property, plant & equipment 27,573 867 26,454 54,894 64,790 Operating lease right-of-use assets 11,507 5,267 8,756 25,530 20,029 Identifiable intangible assets: Customer relationships 47,700 50,660 65,712 164,072 99,897 Non-compete agreements 1,200 680 1,763 3,643 1,150 Patents 8,600 15,050 5,200 28,850 6,470 Trademarks 27,450 12,360 16,709 56,519 23,464 Liabilities Assumed Current portion of operating lease obligations (2,385) (1,072) (2,061) (5,518) (2,721) Accounts payable & accrued liabilities (18,100) (1,687) (12,522) (32,309) (12,405) Operating lease obligations (9,122) (4,195) (6,695) (20,012) (17,308) Deferred tax liabilities — — (1,486) (1,486) (4,584) Total fair value of net assets acquired 128,599 111,270 141,484 381,353 220,422 Goodwill (3) 34,416 54,117 54,119 142,652 90,823 $ 163,015 $ 165,387 $ 195,603 $ 524,005 $ 311,245 (1) In connection with Company A, the Company issued 113,961 shares of common stock at a closing price of $89.60 as of the acquisition date. (2) These amounts reflect the acquisition date fair value of contingent consideration based on future results relating to certain acquisitions. Contingent consideration associated with Company A is valued at $3.5 million, but subject to a $6.0 million maximum. (3) Goodwill is tax-deductible for the 2021 Acquisitions, except Tumacs Covers (approximately $6.2 million), and for the 2020 Acquisitions, except Front Range Stone (approximately $11.0 million). We estimate the value of acquired property, plant, and equipment using a combination of the income, cost, and market approaches, such as estimates of future income growth, capitalization rates, discount rates, and capital expenditure needs of the acquired businesses. We estimate the value of customer relationships using the multi-period excess earnings method, which is a variation of the income approach, calculating the present value of incremental after-tax cash flows attributable to the asset. Non-compete agreements are valued using a discounted cash flow approach, which is a variation of the income approach, with and without the individual counterparties to the non-compete agreements. Trademarks and patents are valued using the relief-from-royalty method, which applies an estimated royalty rate to forecasted future cash flows, discounted to present value. The estimated useful life for customer relationships is 10 years. The estimated useful life for non-compete agreements is 5 years. The weighted average estimated useful life for patents is 13 years, ranging from 10 to 18 years. Trademarks have an indefinite useful life. Pro Forma Information (Unaudited) The following pro forma information assumes the 2022 Acquisitions and 2021 Acquisitions occurred as of the beginning of the year immediately preceding each such acquisition. The pro forma information contains the actual operating results of each of the 2022 Acquisitions and 2021 Acquisitions, combined with the results prior to their respective acquisition dates, adjusted to reflect the pro forma impact of the acquisitions occurring as of the beginning of the year immediately preceding each such acquisition. The pro forma information includes financing and interest expense charges based on the actual incremental borrowings incurred in connection with each transaction as if it occurred as of the beginning of the year immediately preceding each such acquisition. In addition, the pro forma information includes incremental amortization expense related to intangible assets acquired of $4.6 million and $21.8 million for the years ended December 31, 2022 and 2021, respectively, in connection with the acquisitions as if they occurred as of the beginning of the year immediately preceding each such acquisition. (thousands except per share data) 2022 2021 Net sales $ 4,958,134 $ 4,497,253 Net income 330,206 258,413 Basic earnings per common share 14.91 11.34 Diluted earnings per common share 13.57 11.06

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories as of December 31, 2022 and 2021 consist of the following: (thousands) 2022 2021 Raw materials $ 348,670 $ 315,269 Work in process 22,630 30,801 Finished goods 141,516 101,763 Less: reserve for inventory excess and obsolescence (14,059) (9,573) Total manufactured goods, net 498,757 438,260 Materials purchased for resale (distribution products) 175,061 181,921 Less: reserve for inventory excess and obsolescence (5,977) (5,825) Total materials purchased for resale (distribution products), net 169,084 176,096 Total inventories $ 667,841 $ 614,356

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, net, consists of the following at December 31, 2022 and 2021: (thousands) 2022 2021 Land and improvements $ 19,242 $ 17,454 Building and improvements 82,280 83,509 Machinery and equipment 442,881 372,086 Transportation equipment 11,866 10,402 Leasehold improvements 29,252 21,593 Property, plant and equipment, at cost 585,521 505,044 Less: accumulated depreciation and amortization (234,949) (185,551) Property, plant and equipment, net $ 350,572 $ 319,493 Total depreciation expense for property, plant and equipment for fiscal 2022, 2021, and 2020 was $57.5 million, $48.5 million and $32.3 million, respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021 by segment are as follows: (thousands) Manufacturing Distribution Total Balance - January 1, 2021 $ 338,045 $ 57,755 $ 395,800 Acquisitions 136,195 11,697 147,892 Adjustment to prior year preliminary purchase price allocation 7,666 19 7,685 Balance - December 31, 2021 481,906 69,471 551,377 Acquisitions 82,886 240 83,126 Adjustment to prior year preliminary purchase price allocation (6,430) 1,190 (5,240) Balance - December 31, 2022 $ 558,362 $ 70,901 $ 629,263 As of December 31, 2022 and 2021, accumulated impairment of goodwill in the Manufacturing segment was $27.4 million. Intangible assets, net consist of the following at December 31, 2022 and 2021 : (thousands) 2022 2021 Customer relationships $ 722,503 $ 617,814 Non-compete agreements 20,412 21,284 Patents 69,164 50,038 Trademarks 195,957 165,897 1,008,036 855,033 Less: accumulated amortization (287,806) (214,577) Intangible assets, net $ 720,230 $ 640,456 Changes in the carrying value of intangible assets for the years ended December 31, 2022 and 2021 by segment are as follows: (thousands) Manufacturing Distribution Total Balance - January 1, 2021 $ 373,717 $ 82,559 $ 456,276 Acquisitions 212,883 32,715 245,598 Amortization (46,684) (9,645) (56,329) Adjustment to prior year preliminary purchase price allocation (5,089) — (5,089) Balance - December 31, 2021 534,827 105,629 640,456 Acquisitions 145,204 260 145,464 Amortization (62,786) (10,443) (73,229) Adjustment to prior year preliminary purchase price allocation 5,402 2,137 7,539 Balance - December 31, 2022 $ 622,647 $ 97,583 $ 720,230 Amortization expense for the next five fiscal years ending December 31 related to finite-lived intangible assets as of December 31, 2022 is estimated to be as follows (in thousands): 2023 $ 77,584 2024 76,225 2025 72,467 2026 66,774 2027 60,296

DEBT

DEBT	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
DEBT	DEBT A summary of total debt outstanding at December 31, 2022 and 2021 is as follows: (thousands) 2022 2021 Long-term debt: 1.00% convertible notes due 2023 $ 172,500 $ 172,500 Term loan due 2027 136,875 144,375 Revolver due 2027 80,289 135,000 7.50% senior notes due 2027 300,000 300,000 1.75% convertible notes due 2028 258,750 258,750 4.75% senior notes due 2029 350,000 350,000 Total long-term debt 1,298,414 1,360,625 Less: convertible notes debt discount, net (5,989) (64,245) Less: term loan deferred financing costs, net (701) (624) Less: senior notes deferred financing costs, net (8,075) (9,267) Less: current maturities of long-term debt (7,500) (7,500) Total long-term debt, less current maturities, net $ 1,276,149 $ 1,278,989 2021 Credit Facility On August 11, 2022, the Company entered into the first amendment of its Fourth Amended and Restated Credit Agreement dated April 20, 2021 (as amended, the “2021 Credit Agreement”), under which the senior secured credit facility was increased to $925 million from $700 million and the maturity date was extended to August 11, 2027 from April 20, 2026. The senior credit facility under the 2021 Credit Agreement is comprised of a $775 million revolving credit facility (the "Revolver due 2027") and the remaining balance of the $150 million term loan (the "Term Loan due 2027" and together with the Revolver due 2027, the "2021 Credit Facility"). The Company recorded a $0.3 million write-off of deferred financing costs as a result of the amendment, which is included in "Selling, general and administrative" in the Company's consolidated statements of income for the year ended December 31, 2022. Pursuant to the amendment, interest rates for borrowings under the 2021 Credit Agreement transitioned to a SOFR-based option from a LIBOR-based option. The Company determined that the amended terms of the 2021 Credit Agreement were not substantially different from the terms of the Company’s 2021 Credit Agreement prior to the amendment. Accordingly, debt modification accounting treatment was applied and the related impacts were immaterial. Borrowings under the 2021 Credit Facility are secured by substantially all personal property assets of the Company and any domestic subsidiary guarantors. Pursuant to the 2021 Credit Agreement: • The quarterly repayment schedule for the Term Loan due 2027 was revised, with quarterly installments in the following amounts: (i) beginning June 30, 2021, through and including June 30, 2025, in the amount of $1,875,000, and (ii) beginning September 30, 2025, and each quarter thereafter, in the amount of $3,750,000, with the remaining balance due at maturity; • The interest rates for borrowings under the Revolver due 2027 and the Term Loan due 2027 are the Prime Rate or SOFR plus a margin, which ranges from 0.00% to 0.75% for Prime Rate loans and from 1.00% to 1.75% for SOFR loans depending on the Company's consolidated total leverage ratio, as defined below. The Company is required to pay fees on unused but committed portions of the Revolver due 2027, which range from 0.15% to 0.225%; and • Covenants include requirements as to a maximum consolidated secured net leverage ratio (2.75:1.00, increasing to 3.25:1.00 in certain circumstances in connection with Company acquisitions) and a minimum consolidated fixed charge coverage ratio (1.50:1.00) that are tested on a quarterly basis, and other customary covenants. In addition, the Company has a minimum liquidity requirement applicable during the six-month period preceding the maturity of the Company's 1.00% Convertible Notes due 2023 of $202.5 million. The total face value of the Term Loan due 2027 is $150.0 million. Total available borrowing capacity under the Revolver due 2027 is $775.0 million. At December 31, 2022, the Company had $136.9 million outstanding under the Term Loan due 2027 under the SOFR-based option, and borrowings outstanding under the Revolver due 2027 of $80.3 million under the SOFR-based option. The interest rate for incremental borrowings at December 31, 2022 was SOFR plus 1.25% (or 5.55%) for the SOFR-based option. The fee payable on committed but unused portions of the Revolver due 2027 was 0.18% at December 31, 2022. 1.75% Convertible Senior Notes due 2028 In December 2021, the Company issued $258.75 million aggregate principal amount of 1.75% Convertible Senior Notes due 2028 (the “1.75% Convertible Notes”). The total debt discount of $56.1 million at issuance consisted of two components: (i) the conversion option component, recorded to shareholders' equity, in the amount of $48.8 million, representing the difference between the principal amount of the 1.75% Convertible Notes upon issuance less the present value of the future cash flows of the 1.75% Convertible Notes using a borrowing rate for a similar non-convertible debt instrument and (ii) debt issuance costs of $7.3 million. The conversion option component of the 1.75% Convertible Notes was valued using Level 2 inputs under the fair value hierarchy. The unamortized portion of the total debt discount is being amortized to interest expense over the life of the 1.75% Convertible Notes. The effective interest rate on the 1.75% Convertible Notes, which includes the non-cash interest expense of debt discount amortization and debt issuance costs, was 2.14% as of December 31, 2022. The net proceeds from the issuance of the 1.75% Convertible Notes were approximately $249.7 million, after deducting the initial purchasers’ discounts and commissions and offering expenses payable by the Company, but before deducting the net cost of the 1.75% Convertible Note Hedge Transactions and the Warrant Transactions (each as defined herein) described in Note 9. The 1.75% Convertible Notes are senior unsecured obligations of the Company and pay interest semi-annually in arrears on June 1 and December 1 of each year at an annual rate of 1.75%. The 1.75% Convertible Notes will mature on December 1, 2028 unless earlier repurchased or converted in accordance with their terms. Prior to June 1, 2028, the 1.75% Convertible Notes may be converted at the option of the holders only upon the occurrence of specified events and during certain periods, and thereafter until the close of business on the second scheduled trading day immediately preceding the maturity date. The Company will satisfy any conversion by paying cash up to the aggregate principal amount of the 1.75% Convertible Notes to be converted and by paying or delivering, as the case may be, cash, shares of the Company’s common stock, or a combination of cash and shares of the Company’s common stock, at its election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the 1.75% Convertible Notes being converted. The initial conversion rate for the 1.75% Convertible Notes is 9.9887 shares of the Company's common stock per $1,000 principal amount of the 1.75% Convertible Notes (or 2,584,578 shares in the aggregate) and is equal to an initial conversion price of approximately $100.11 per share. If an event of default on the 1.75% Convertible Notes occurs, the principal amount of the 1.75% Convertible Notes, plus accrued and unpaid interest (including additional interest, if any) may be declared immediately due and payable, subject to certain conditions. The 1.75% Convertible Notes are guaranteed by each of the Company’s subsidiaries that guarantee the obligations of the Company under the 2021 Credit Facility. 1.75% Convertible Notes holders may convert their Convertible Notes on or after June 28, 2028 at any time at their option. Holders may convert 1.75% Convertible Notes prior to June 28, 2028, only under the following circumstances: (i) during any calendar quarter, if the last reported sale price of the Company's common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day, (ii) during the five business day period after any five consecutive trading day period in which the trading price per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our common stock and the conversion rate on each such trading day and (iii) upon the occurrence of certain specified distributions or corporate events. 4.75% Senior Notes due 2029 In April 2021, the Company issued $350.0 million aggregate principal amount of 4.75% Senior Notes due 2029 (the "4.75% Senior Notes"). The 4.75% Senior Notes will mature on May 1, 2029. Interest on the 4.75% Senior Notes started accruing April 20, 2021 and is payable semi-annually in cash in arrears May 1 and November 1 of each year, beginning on November 1, 2021. The effective interest rate on the 4.75% Senior Notes, which includes debt issuance costs, is approximately 4.97%. In connection with the issuance of the 4.75% Senior Notes, the Company incurred and capitalized as a reduction of the principal amount of the 4.75% Senior Notes approximately $5.1 million in deferred financing costs which are being amortized using the effective interest rate over the term of the 4.75% Senior Notes. The 4.75% Senior Notes are senior unsecured indebtedness of the Company and are guaranteed by each of the Company’s subsidiaries that guarantee the obligations of the Company under the 2021 Credit Facility. If the Company experiences specific kinds of changes of control, the Company must offer to repurchase all of the 4.75% Senior Notes (unless otherwise redeemed) at a price equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest. The Company may redeem the 4.75% Senior Notes, in whole or in part, at any time (a) prior to May 1, 2024, at a price equal to 100% of the principal amount thereof, plus the applicable premium described in the associated indenture and accrued and unpaid interest and (b) on or after May 1, 2024 at specified redemption prices set forth in the indenture, plus accrued and unpaid interest. In addition, prior to May 1, 2024, the Company may redeem, in one or more transactions, up to an aggregate of 40% of the original principal amount of the 4.75% Senior Notes at a redemption price equal to 104.75% of the principal amount thereof, plus accrued and unpaid interest, with the net cash proceeds of one or more equity offerings. 7.50% Senior Notes due 2027 In September 2019, the Company issued $300 million aggregate principal amount of 7.50% Senior Notes due 2027 (the “7.50% Senior Notes”). The 7.50% Senior Notes will mature on October 15, 2027. Interest on the 7.50% Senior Notes is payable semi-annually in cash in arrears on April 15 and October 15 of each year. The effective interest rate on the 7.50% Senior Notes, which includes debt issuance costs, is 7.82%. In connection with the issuance of the 7.50% Senior Notes, the Company incurred and capitalized as a reduction of the principal amount of the 7.50% Senior Notes approximately $5.8 million in deferred financing costs which is amortized using the effective interest rate over the term of the 7.50% Senior Notes. The 7.50% Senior Notes are senior unsecured indebtedness of the Company and are guaranteed by each of the Company’s subsidiaries that guarantee the obligations of the Company under the 2021 Credit Facility. The Company may redeem the 7.50% Senior Notes, in whole or in part, at any time (a) prior to October 15, 2022, at a price equal to 100% of the principal amount thereof, plus the applicable premium described in the associated indenture and accrued and unpaid interest and (b) on or after October 15, 2022 at specified redemption prices set forth in the indenture, plus accrued and unpaid interest. In addition, prior to October 15, 2022, the Company may redeem, in one or more transactions, up to an aggregate of 40% of the original principal amount of the 7.50% Senior Notes at a redemption price equal to 107.5% of the principal amount thereof, plus accrued and unpaid interest, with the net cash proceeds of one or more equity offerings. If the Company experiences specific kinds of changes of control, the Company must offer to repurchase all of the 7.50% Senior Notes (unless otherwise redeemed) at a price equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest. 1.00% Convertible Senior Notes due 2023 In January 2018, the Company issued $172.5 million aggregate principal amount of 1.00% Convertible Senior Notes due 2023 (the “1.00% Convertible Notes”). The total debt discount of $36.2 million at issuance consisted of two components: (i) the conversion option component, recorded to shareholders' equity, in the amount of $31.9 million, representing the difference between the principal amount of the 1.00% Convertible Notes upon issuance less the present value of the future cash flows of the 1.00% Convertible Notes using a borrowing rate for a similar non-convertible instrument and (ii) debt issuance costs of $4.3 million. The unamortized portion of the total debt discount was previously being amortized to interest expense over the life of the 1.00% Convertible Notes. See Note 2 for the impacts of the adoption of ASU 2020-06 on interest expense and the reversal of the conversion option component of the total debt discount. The effective interest rate on the 1.00% Convertible Notes, which includes the non-cash interest expense of debt issuance costs, was 1.50% as of December 31, 2022. The net proceeds from the issuance of the 1.00% Convertible Notes were approximately $167.5 million, after deducting the initial purchasers’ discounts and commissions and offering expenses payable by the Company, but before deducting the net cost of the 1.00% Convertible Note Hedge Transactions and the Warrant Transactions (each as defined herein) described in Note 9. The 1.00% Convertible Notes are senior unsecured obligations of the Company and pay interest semi-annually in arrears on February 1 and August 1 of each year at an annual rate of 1.00%. The 1.00% Convertible Notes will mature on February 1, 2023 unless earlier repurchased or converted in accordance with their terms. The 1.00% Convertible Notes are convertible by the noteholders, in certain circumstances and subject to certain conditions, into cash, shares of common stock of the Company, or a combination thereof, at the Company’s election. The initial conversion rate for the 1.00% Convertible Notes is 11.3785 shares of the Company's common stock per $1,000 principal amount of the 1.00% Convertible Notes (or 1,962,790 shares in the aggregate) and is equal to an initial conversion price of approximately $87.89 per share. If an event of default on the 1.00% Convertible Notes occurs, the principal amount of the 1.00% Convertible Notes, plus accrued and unpaid interest (including additional interest, if any) may be declared immediately due and payable, subject to certain conditions. The 1.00% Convertible Notes are guaranteed by each of the Company’s subsidiaries that guarantee the obligations of the Company under the 2021 Credit Facility. 1.00% Convertible Notes holders may convert their 1.00% Convertible Notes on or after August 1, 2022 at any time at their option. Holders may convert 1.00% Convertible Notes prior to August 1, 2022, only under the following circumstances: (i) during any calendar quarter, if the last reported sale price of the Company's common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day, (ii) during the five business day period after any five consecutive trading day period in which the trading price per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our common stock and the conversion rate on each such trading day and (iii) upon the occurrence of certain specified distributions or corporate events. In February 2023, the Company utilized available borrowing capacity under the Revolver due 2027 and cash on hand to satisfy its repayment obligation at maturity for the 1.00% Convertible Notes. Debt Maturities As of December 31, 2022, the aggregate maturities of total long-term debt for the next five fiscal years and thereafter are as follows (in thousands): 2023 (1) $ 180,000 2024 7,500 2025 13,125 2026 15,000 2027 474,039 Thereafter 608,750 Total $ 1,298,414 (1) In February 2023, the Company utilized available borrowing capacity under the Revolver due 2027 and cash on hand to satisfy its repayment obligation at maturity for the 1.00% Convertible Notes. Letters of credit totaling $7.1 million were outstanding at December 31, 2022 that exist to meet credit requirements for the Company’s insurance providers. Cash paid for interest for the years ended December 31, 2022, 2021 and 2020 was $56.9 million, $45.0 million and $36.1 million, respectively.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS 1.75% Convertible Note Hedge Transactions and Warrant Transactions In December 2021, in connection with the 1.75% Convertible Notes offering, the Company entered into privately negotiated convertible note hedge transactions (together, the “1.75% Convertible Note Hedge Transactions”) with each of Bank of America, N.A., Wells Fargo Bank, National Association and Nomura Global Financial Products, Inc. (together, the “1.75% Convertible Note Hedge Counterparties”). Pursuant to the 1.75% Convertible Note Hedge Transactions, the Company acquired options to purchase the same number of shares of the Company's common stock (or 2,584,578 shares) initially underlying the 1.75% Convertible Notes at an initial strike price equal to the initial strike price of the 1.75% Convertible Notes of approximately $100.11 per share, subject to customary anti-dilution adjustments. The options expire on December 1, 2028, subject to earlier exercise. At the same time, the Company also entered into separate, privately negotiated warrant transactions (the “1.75% Convertible Note Warrant Transactions”) with each of the 1.75% Convertible Note Hedge Counterparties, pursuant to which the Company sold warrants to purchase the same number of shares of the Company's common stock (or 2,584,578 shares) underlying the 1.75% Convertible Notes, at an initial strike price of approximately $123.22 per share, subject to customary anti-dilution adjustments. The warrants have a final expiration date of July 25, 2029. The Company paid $57.4 million associated with the cost of the 1.75% Convertible Note Hedge Transactions and received proceeds of $43.7 million related to the 1.75% Convertible Note Warrant Transactions. The 1.75% Convertible Note Hedge Transactions are expected generally to reduce potential dilution to the Company’s common stock upon any conversion of the 1.75% Convertible Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of converted 1.75% Convertible Notes. However, the 1.75% Convertible Note Warrant Transactions could separately have a dilutive effect on the Company's common stock to the extent that the market price per share of the common stock exceeds the strike price of the warrants. As these transactions meet certain accounting criteria, the 1.75% Convertible Note Hedge Transactions and 1.75% Convertible Note Warrant Transactions are recorded in stockholders’ equity and are not accounted for as derivatives. 1.00% Convertible Note Hedge Transactions and Warrant Transactions In January 2018, in connection with the 1.00% Convertible Notes offering, the Company entered into privately negotiated convertible note hedge transactions (together, the “1.00% Convertible Note Hedge Transactions”) with each of Bank of America, N.A. and Wells Fargo Bank, National Association (together, the “1.00% Convertible Note Hedge Counterparties”). Pursuant to the 1.00% Convertible Note Hedge Transactions, the Company acquired options to purchase the same number of shares of the Company's common stock (or 1,962,790 shares) initially underlying the 1.00% Convertible Notes at an initial strike price equal to the initial strike price of the 1.00% Convertible Notes of approximately $87.89 per share, subject to customary anti-dilution adjustments. The options expire on February 1, 2023, subject to earlier exercise. At the same time, the Company also entered into separate, privately negotiated warrant transactions (the “1.00% Convertible Note Warrant Transactions”) with each of the 1.00% Convertible Note Hedge Counterparties, pursuant to which the Company sold warrants to purchase the same number of shares of the Company’s common stock (or 1,962,790 shares) underlying the 1.00% Convertible Notes, at an initial strike price of approximately $113.93 per share, subject to customary anti-dilution adjustments. The warrants have a final expiration date of September 20, 2023. The Company paid $31.5 million associated with the cost of the 1.00% Convertible Note Hedge Transactions and received proceeds of $18.1 million related to the 1.00% Convertible Note Warrant Transactions. The 1.00% Convertible Note Hedge Transactions are expected generally to reduce potential dilution to the Company’s common stock upon any conversion of the 1.00% Convertible Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of converted 1.00% Convertible Notes. However, the 1.00% Convertible Note Warrant Transactions could separately have a dilutive effect on the Company's common stock to the extent that the market price per share of the common stock exceeds the strike price of the warrants. As these transactions meet certain accounting criteria, the 1.00% Convertible Note Hedge Transactions and 1.00% Convertible Note Warrant Transactions are recorded in stockholders’ equity and are not accounted for as derivatives. The 1.00% Convertible Note Hedge Transactions expired as of February 1, 2023. Interest Rate Swaps The Company's credit facility previously exposed the Company to risks associated with the variability in interest expense associated with fluctuations in LIBOR. To partially mitigate this risk, the Company previously entered into interest rate swaps, which matured in March 2022, and therefore have no further associated liability as of December 31, 2022. The following table summarizes the fair value of derivative contracts included in the accompanying consolidated balance sheet (in thousands): Fair value of derivative liabilities Derivatives accounted for as cash flow hedges Balance sheet location December 31, 2022 December 31, 2021 Interest rate swaps Other long-term liabilities $ — $ 1,017

ACCRUED LIABILITIES

ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
ACCRUED LIABILITIES	ACCRUED LIABILITIES Accrued liabilities as of December 31, 2022 and 2021 include the following: (thousands) 2022 2021 Employee compensation and benefits $ 80,725 $ 82,870 Property taxes 5,777 5,382 Customer incentives 27,719 29,756 Accrued interest 8,807 8,981 Accrued warranty 12,103 13,827 Income tax payable 28,926 28,422 Other 8,538 12,201 Total accrued liabilities $ 172,595 $ 181,439 Changes in our accrued warranty liabilities for the years ended December 31, 2022, 2021, and 2020 are as follows: (thousands) 2022 2021 2020 Beginning balance $ 13,827 $ 3,872 $ 2,950 Provision 29,918 24,202 11,227 Settlements made (in cash or in kind) (32,998) (17,725) (10,342) Acquisitions 1,356 3,478 37 Ending balance $ 12,103 $ 13,827 $ 3,872 Accrued warranty and provision as of and for the years ended December 31, 2022 and 2021 includes the cost of the recall matter discussed in Note 15.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The provision for income taxes for the years ended December 31, 2022, 2021 and 2020 consists of the following: (thousands) 2022 2021 2020 Current: Federal $ 92,783 $ 57,156 $ 16,627 State 23,724 15,755 8,584 Foreign 56 (61) 9 Total current 116,563 72,850 25,220 Deferred: Federal (7,348) (1,854) 8,344 State (2,027) (2,089) (253) Foreign 26 — — Total deferred (9,349) (3,943) 8,091 Income taxes $ 107,214 $ 68,907 $ 33,311 The Company has accounted for in its 2022, 2021, and 2020 income tax provision the impact of Global Intangible Low-Taxed Income, base-erosion anti-abuse tax, interest expense limitations under Section 163(j), and foreign-derived intangible income deductions, although such provisions were either not applicable or resulted in a zero or immaterial impact to the consolidated financial statements. A reconciliation of the differences between the actual provision for income taxes and income taxes at the federal statutory income tax rate of 21% for the years ended December 31, 2022, 2021, and 2020 is as follows: (thousands) 2022 2021 2020 Rate applied to pretax income $ 91,436 21.0 % $ 61,598 21.0 % $ 27,377 21.0 % State taxes, net of federal tax effect 16,715 3.8 % 10,358 3.5 % 6,026 4.6 % Research and development tax credits (4,542) (1.0) % (1,990) (0.7) % (1,647) (1.3) % Section 162(m) permanent addback 7,421 1.7 % 5,825 2.0 % 1,951 1.5 % Excess tax benefit on stock-based compensation (3,292) (0.7) % (6,035) (2.1) % (350) (0.3) % Other (524) (0.1) % (849) (0.3) % (46) 0.1 % Income taxes $ 107,214 24.7 % $ 68,907 23.4 % $ 33,311 25.6 % The composition of the deferred tax assets and liabilities as of December 31, 2022 and 2021 is as follows: (thousands) 2022 2021 Deferred tax assets: Trade receivables allowance $ 1,325 $ 1,022 Inventory capitalization 4,454 2,393 Inventory reserves 8,318 6,413 Federal NOL carryforwards 736 997 State NOL carryforwards 572 911 Accrued expenses 27,865 19,793 Deferred compensation 625 578 Operating lease liabilities 41,739 40,751 Share-based compensation 7,921 6,753 Capitalized research & experimentation costs 14,037 — Total deferred tax assets before valuation allowance 107,592 79,611 Less: valuation allowance (459) (712) Total deferred tax assets, net of valuation allowance $ 107,133 $ 78,899 Deferred tax liabilities: Prepaid expenses (2,939) (2,955) Operating lease right-of-use assets (40,980) (40,082) Depreciation expense (47,050) (43,124) Intangibles (64,012) (29,422) Other (544) 231 Total deferred tax liabilities $ (155,525) $ (115,352) Net deferred tax liabilities $ (48,392) $ (36,453) Cash paid by the Company for income taxes was $117.1 million, $46.2 million and $7.9 million in 2022, 2021 and 2020, respectively. As of December 31, 2022 and December 31, 2021, the Company had gross federal, state, and foreign net operating losses, of approximately $17.6 million and $25.5 million, respectively. These loss carryforwards generally expire between tax years ending December 31, 2023 and December 31, 2041. The components of the valuation allowance relate to certain acquired federal, state and foreign net operating loss carryforwards that the Company anticipates will not be utilized prior to their expiration, either due to income limitations or limitations under Section 382 of the Internal Revenue Code of 1986. The tax effected values of these net operating losses are $1.3 million and $1.9 million at December 31, 2022 and 2021, respectively, exclusive of valuation allowances of $0.5 million and $0.7 million at December 31, 2022 and 2021, respectively.

STOCK REPURCHASE PROGRAMS

STOCK REPURCHASE PROGRAMS	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
STOCK REPURCHASE PROGRAMS	STOCK REPURCHASE PROGRAMSIn December 2022, the Company's Board of Directors ("the Board") authorized an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to $100 million, including the $38.2 million remaining under the previous authorization. Approximately $96.4 million remains in the amount of the Company's common stock that may be acquired under the current stock repurchase program as of December 31, 2022. Under the stock repurchase plans, the Company made repurchases of common stock for 2022, 2021, and 2020 as follows: 2022 2021 2020 Shares repurchased 1,325,564 612,325 595,805 Average price $ 58.08 $ 79.93 $ 38.78 Aggregate cost (in millions) $ 77.0 $ 48.9 $ 23.1 The Company’s common stock does not have a stated par value. As a result, repurchases of common stock have been reflected, using an average cost method, as a reduction of common stock, additional paid-in-capital and retained earnings in the Company’s consolidated balance sheet.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE Income per common share is calculated for the years ended December 31, 2022, 2021 and 2020 as follows: (thousands except per share data) 2022 2021 2020 Numerator: Earnings for basic per share calculation $ 328,196 $ 224,915 $ 97,061 Effect of interest on potentially dilutive convertible notes, net of tax $ 1,927 $ — $ — Earnings for dilutive per share calculation $ 330,123 $ 224,915 $ 97,061 Denominator: Weighted average common shares outstanding - basic 22,140 22,780 22,730 Weighted average impact of potentially dilutive convertible notes 2,059 — — Effect of potentially dilutive securities 272 575 357 Weighted average common shares outstanding - diluted 24,471 23,355 23,087 Earnings per common share: Basic earnings per common share $ 14.82 $ 9.87 $ 4.27 Diluted earnings per common share $ 13.49 $ 9.63 $ 4.20 Cash dividends paid per common share $ 1.44 $ 1.17 $ 1.03

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
LEASES	LEASESWe lease certain facilities, trailers, forklifts and other assets. Leases with an initial term of 12 months or less are not recorded on the balance sheet and expense related to these short-term leases was immaterial for the years ended December 31, 2022, 2021 and 2020. Variable lease expense, principally related to trucks, forklifts, and index-related facility rent escalators, was immaterial for the years ended December 31, 2022, 2021 and 2020. Leases have remaining lease terms of one Lease expense, supplemental cash flow information, and other information related to leases for the years ended December 31, 2022, 2021 and 2020 were as follows: (thousands) 2022 2021 2020 Operating lease cost $ 50,674 $ 42,081 $ 34,243 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 49,938 $ 41,061 $ 33,599 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 50,719 $ 78,225 $ 56,526 Balance sheet information related to leases as of December 31, 2022 and 2021 was as follows: (thousands, except lease term and discount rate) 2022 2021 Assets Operating lease right-of-use assets $ 163,674 $ 158,183 Liabilities Operating lease liabilities, current portion $ 44,235 $ 40,301 Long-term operating lease liabilities 122,471 120,161 Total lease liabilities $ 166,706 $ 160,462 Weighted average remaining lease term, operating leases (in years) 5.1 5.1 Weighted average discount rate, operating leases 4.4 % 3.8 % Maturities of operating lease liabilities were as follows at December 31, 2022 (in thousands): 2023 $ 50,166 2024 42,155 2025 32,913 2026 23,227 2027 12,350 Thereafter 27,457 Total lease payments 188,268 Less imputed interest (21,562) Total $ 166,706 The Company has additional operating leases that have not yet commenced as of December 31, 2022, and therefore, approximately $11.3 million in operating lease right-of-use assets and corresponding operating lease liabilities were not included in our consolidated balance sheet at December 31, 2022. These leases will commence through the first quarter of fiscal 2023 with lease terms of 5 to 7 years.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company is subject to proceedings, lawsuits, audits, and other claims arising in the normal course of business. All such matters are subject to uncertainties and outcomes that are not predictable with assurance. Accruals for these items, when applicable, have been provided to the extent that losses are deemed probable and are reasonably estimable. These accruals are adjusted from time to time as developments warrant. Although the ultimate outcome of these matters cannot be ascertained, on the basis of present information, amounts already provided, availability of insurance coverage and legal advice received, it is the opinion of management that the ultimate resolution of these proceedings, lawsuits, and other claims will not have a material adverse effect on the Company’s consolidated balance sheet, results of operations, or cash flows. In August 2019, a group of companies calling itself the Lusher Site Remediation Group (the “Group”) commenced litigation against the Company in Lusher Site Remediation Group v. Sturgis Iron & Metal Co., Inc., et al., Case Number 3:18-cv-00506, pending in the U.S. District Court for the Northern District of Indiana, relating to a site owned by the Company (the "Lusher Street Site"). The Group’s Second Amended Complaint, which was the first to assert claims against Patrick, asserted claims under the federal Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”), 42 U.S.C. § 9601 et seq., an Indiana state environmental statute and Indiana common law. One defendant in the case, Sturgis Iron & Metal Co., Inc. (“Sturgis”), subsequently filed two cross claims against Patrick, asserting against the Company a claim for (i) contribution under CERCLA and (ii) contractual indemnity. The Company moved to dismiss the Group’s claims and also moved to dismiss Sturgis’s cross claims. On August 21, 2020, the court granted Patrick’s two motions to dismiss. The Group subsequently moved for reconsideration of the court’s decision. On March 19, 2021, the Company received a General Notice of Potential Liability from the U.S. Environmental Protection Agency (the “EPA”), pursuant to Section 107(a) of CERCLA (the “Notice”). The Notice provides that the EPA has incurred and will likely incur additional costs relative to conducting a Remedial Investigation/Feasibility Study ("RI/FS"), conducting Remedial Design/Remedial Action ("RD/RA"), and other investigation, planning, response, oversight, and enforcement activities related to the Lusher Street Site. Because the Company was the owner of and former operator within the Lusher Street Site and as such may be a potentially responsible party pursuant to CERCLA, the Company received the Notice and an indication that it may have a responsibility to contribute to the costs of RI/FS, RD/RA or additional mitigation efforts incurred or to be incurred by the EPA. On September 15, 2021, the Court granted the parties Joint Motion to Stay Proceedings Pending Negotiations with the EPA. The proceedings remain subject to the Court-approved stay. The Company sold certain parcels of real property that the EPA contends are connected to the Superfund Site (the "Divested Properties") in January 2022 for a pretax gain on disposal of $5.5 million that is included in Selling, general and administrative expenses in the Company's consolidated statements of income for year ended December 31, 2022. The purchaser agreed to indemnify, defend and hold the Company harmless for all liability and exposure, both private and to all EPA claims, concerning and relating to the Divested Properties. No further proceedings occurred in the year ended December 31, 2022. As to the real properties that were not among the Divested Properties but remain the subject of the litigation, the Company does not currently believe that the litigation or the Superfund Site matter are likely to have a material adverse impact on its financial condition, results of operations, or cash flows. However, any litigation is inherently uncertain, the EPA has yet to select a final remedy for the Superfund Site, and any judgment or injunctive relief entered against us or any adverse settlement could materially and adversely impact our business, results of operations, financial condition, and prospects.

COMPENSATION PLANS

COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
COMPENSATION PLANS	COMPENSATION PLANS Stock-Based Compensation The Company has various stock option and stock-based incentive plans and various agreements whereby stock options, restricted stock awards, and SARS were made available to certain key employees, directors, and others based upon meeting various individual, divisional or company-wide performance criteria and time-based criteria. All such awards qualify and are accounted for as equity awards. Equity incentive plan awards, which are granted under the Company's 2009 Omnibus Incentive Plan, are intended to retain and reward key employees for outstanding performance and efforts as they relate to the Company’s short-term and long-term objectives and its strategic plan. At December 31, 2022, approximately 1.3 million common shares remain available for stock-based compensation grants. Stock-based compensation expense was $21.8 million, $22.9 million and $16.0 million for the years ended December 31, 2022, 2021 and 2020, respectively. Income tax benefit for stock-based compensation expense was $5.4 million, $5.8 million and $4.1 million for the years ended December 31, 2022, 2021 and 2020, respectively. As of December 31, 2022, there was approximately $21.6 million of total unrecognized compensation cost related to share-based compensation arrangements granted under incentive plans. That cost is expected to be recognized over a weighted-average period of approximately 16.2 months. Stock Options: Stock options vest ratably over either three No stock options were granted in 2022 and 2021. In 2020, we granted 495,000 stock options to certain employees at an average exercise price per share of $42.87. The stock options vest 35%, 35% and 30% over years one, two, and three, respectively, and have nine-year contractual terms. The following table summarizes the Company’s option activity during the years ended December 31, 2022, 2021 and 2020: Years ended December 31 2022 2021 2020 (shares in thousands) Shares Weighted Shares Weighted Shares Weighted Outstanding beginning of year 368 $ 43.72 1,015 $ 43.88 536 $ 45.11 Granted during the year — — — — 495 42.87 Forfeited during the year (1) 41.33 (32) 41.33 (4) 53.83 Exercised during the year (5) 41.33 (615) 44.11 (12) 53.83 Outstanding end of year 362 $ 43.76 368 $ 43.72 1,015 $ 43.88 Vested Options: Vested during the year 161 $ 42.98 248 $ 46.70 115 $ 50.46 Eligible end of year for exercise 223 $ 44.25 67 $ 47.05 439 $ 43.19 Aggregate intrinsic value ($ in thousands): Total options outstanding $ 6,204 $ 13,593 $ 24,838 Options exercisable $ 3,716 $ 2,268 $ 11,047 Options exercised $ 91 $ 26,348 $ 97 Weighted average fair value of options granted during the year N/A N/A $ 15.17 The aggregate intrinsic value (excess of market value over the option exercise price) in the table above is before income taxes, and assuming the Company’s closing stock price of $60.60, $80.69 and $68.35 per share as of December 31, 2022, 2021 and 2020, respectively, is the price that would have been received by the option holders had those option holders exercised their options as of that date. At December 31, 2022, the weighted average remaining contractual term for options outstanding was 6.1 years and the weighted average remaining contractual term for options exercisable was 5.9 years. The cash received from the exercise of stock options was $0.2 million, $4.9 million and $0.6 million in 2022, 2021 and 2020, respectively. The income tax benefit related to the stock options exercised was $6.7 million in 2021, and immaterial in 2022 and 2020. The grant date fair value of stock options vested in 2022, 2021 and 2020 was $6.9 million, $11.6 million and $5.8 million, respectively. The following table presents assumptions used in the Black-Scholes model for the stock options granted in 2020. There were no stock options granted in 2022 and 2021. 2020 Dividend rate 2.37 % Risk-free interest rate 0.65 % Expected option life (years) 5.0 Price volatility 42.42 % As of December 31, 2022, there was approximately $0.9 million of total unrecognized compensation expense related to the stock options, which is expected to be recognized over a weighted-average remaining life of approximately 5 months. Stock Appreciation Rights (SARS): No SARS were granted in the years ended December 31, 2022, 2021 and 2020. The following table summarizes the Company’s SARS activity during the years ended December 31, 2022, 2021 and 2020: Years ended December 31 2022 2021 2020 (shares in thousands) Shares Weighted Shares Weighted Shares Weighted Total SARS: Outstanding beginning of year 224 $ 64.33 485 $ 56.96 535 $ 54.53 Forfeited during the year — — — — (10) 68.01 Exercised during the year — — (261) 50.63 (40) 22.39 Outstanding end of year 224 $ 64.33 224 $ 64.33 485 $ 56.96 Vested SARS: Vested during the year — $ — 85 $ 63.86 115 $ 60.71 Eligible end of year for exercise 224 $ 64.33 224 $ 64.33 404 $ 55.58 Aggregate intrinsic value ($ in thousands): Total SARS outstanding $ 383 $ 3,669 $ 6,032 SARS exercisable $ 383 $ 3,669 $ 5,540 SARS exercised $ — $ 9,045 $ 1,918 Weighted average fair value of SARS granted during the year N/A N/A N/A The aggregate intrinsic value (excess of market value over the SARS exercise price) in the table above is before income taxes, and assuming the Company’s closing stock price of $60.60, $80.69 and $68.35 per share as of December 31, 2022, 2021 and 2020, respectively, is the price that would have been received by the SARS holder had that SARS holder exercised the SARS as of that date. SARS vest ratably over four years and have nine-year contractual terms. All SARS outstanding as of December 31, 2022 were fully vested. As of December 31, 2022, there was no unrecognized compensation expense related to the SARS. Restricted Stock: The Company’s stock-based awards include restricted stock awards. As of December 31, 2022, there was approximately $20.7 million of total unrecognized compensation expense related to restricted stock, which is expected to be recognized over a weighted-average remaining life of approximately 17.9 months. Restricted stock awards possess voting rights, are included in the calculation of actual shares outstanding, and include both performance- and time-based contingencies. The grant date fair value of the awards is expensed over the related service or performance period. Time-based shares cliff vest at the conclusion of the required service period, which ranges from less than one year to seven years. The performance contingent shares are earned based on the achievement of a cumulative financial performance target, which ranges from less than one year to a seven-year period and vest at the conclusion of the measurement period. The following table summarizes the activity for restricted stock for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (shares in thousands) Shares Weighted-Average Shares Weighted-Average Shares Weighted-Average Unvested beginning of year 929 $ 55.06 790 $ 50.39 738 $ 49.65 Granted during the year 254 64.62 371 67.27 309 55.03 Vested during the year (408) 43.23 (198) 60.05 (178) 52.80 Forfeited during the year (17) 66.30 (34) 50.37 (79) 55.87 Unvested end of year 758 $ 64.38 929 $ 55.06 790 $ 50.39 Aggregate fair values of restricted stock vested for the years ended December 31, 2022, 2021 and 2020 were $17.6 million, $11.9 million, and $9.3 million, respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company has two reportable segments, Manufacturing and Distribution, which are based on its method of internal reporting, which segregates its businesses based on the way in which its chief operating decision maker allocates resources, evaluates financial results, and determines compensation. The Company does not measure profitability at the end market (RV, marine, MH and industrial) level. A description of the Company’s reportable segments is as follows: Manufacturing – This segment includes the following products: laminated products that are utilized to produce furniture, shelving, walls, countertops and cabinet products; cabinet doors; fiberglass bath fixtures and tile systems; hardwood furniture; vinyl printing; RV and marine furniture; audio systems and accessories, including amplifiers, tower speakers, soundbars, and subwoofers; decorative vinyl and paper laminated panels; solid surface, granite, and quartz countertop fabrication; RV painting; fabricated aluminum products; fiberglass and plastic components; fiberglass bath fixtures and tile systems; softwoods lumber; custom cabinetry; polymer-based and other flooring; electrical systems components including instrument and dash panels; wrapped vinyl, paper and hardwood profile mouldings; interior passage doors; air handling products; slide-out trim and fascia; thermoformed shower surrounds; specialty bath and closet building products; fiberglass and plastic helm systems and components products; treated, untreated and laminated plywood; wiring and wire harnesses; adhesives and sealants; boat towers, tops, trailers and frames; marine hardware and accessories; protective covers for boats, RVs, aircraft, and military and industrial equipment; aluminum and plastic fuel tanks; CNC molds and composite parts; slotwall panels and components; and other products. Distribution – The Company distributes pre-finished wall and ceiling panels; drywall and drywall finishing products; electronics and audio systems components; appliances; marine accessories and components; wiring, electrical and plumbing products; fiber reinforced polyester products; cement siding; raw and processed lumber; interior passage doors; roofing products; laminate and ceramic flooring; tile; shower doors; furniture; fireplaces and surrounds; interior and exterior lighting products; and other miscellaneous products in addition to providing transportation and logistics services. The accounting policies of the segments are the same as those described in Note 1, except that segment data includes intersegment sales. Assets are identified to the segments except for cash, prepaid expenses, land and buildings, and certain deferred assets, which are identified with the corporate division. The corporate division charges rent to the segments for use of the land and buildings based upon estimated market rates. The Company accounts for intersegment sales similar to third party transactions, which reflect current market prices. The Company also records certain income from purchase incentive agreements at the corporate division. The Company evaluates the performance of its segments and allocates resources to them based on a variety of indicators including but not limited to sales and operating income as presented in the tables below. The tables below present information that is provided to the chief operating decision maker of the Company as of December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020 (in thousands): 2022 Manufacturing Distribution Total Net outside sales $ 3,603,766 $ 1,278,106 $ 4,881,872 Intersegment sales 77,646 9,491 87,137 Total sales 3,681,412 1,287,597 4,969,009 Operating income 531,547 136,889 668,436 Total assets 2,302,745 407,861 2,710,606 Capital expenditures 67,635 3,801 71,436 Depreciation and amortization 114,782 11,422 126,204 2021 Manufacturing Distribution Total Net outside sales $ 2,930,466 $ 1,147,626 $ 4,078,092 Intersegment sales 71,641 7,028 78,669 Total sales 3,002,107 1,154,654 4,156,761 Operating income 379,885 106,241 486,126 Total assets 2,031,465 464,575 2,496,040 Capital expenditures 58,700 3,873 62,573 Depreciation and amortization 89,899 10,790 100,689 2020 Manufacturing Distribution Total Net outside sales $ 1,729,451 $ 757,146 $ 2,486,597 Intersegment sales 36,367 5,326 41,693 Total sales 1,765,818 762,472 2,528,290 Operating income 190,518 54,376 244,894 Capital expenditures 30,588 788 31,376 Depreciation and amortization 61,407 8,527 69,934 A reconciliation of certain line items pertaining to the total reportable segments to the consolidated financial statements as of December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020 is as follows (in thousands): 2022 2021 2020 Net sales: Total sales for reportable segments $ 4,969,009 $ 4,156,761 $ 2,528,290 Elimination of intersegment sales (87,137) (78,669) (41,693) Consolidated net sales $ 4,881,872 $ 4,078,092 $ 2,486,597 Operating income: Operating income for reportable segments $ 668,436 $ 486,126 $ 244,894 Unallocated corporate expenses (99,037) (78,085) (30,653) Amortization (73,229) (56,329) (40,868) Consolidated operating income $ 496,170 $ 351,712 $ 173,373 Total assets: Identifiable assets for reportable segments $ 2,710,606 $ 2,496,040 Corporate assets unallocated to segments 49,018 31,842 Cash and cash equivalents 22,847 122,849 Consolidated total assets $ 2,782,471 $ 2,650,731 Depreciation and amortization: Depreciation and amortization for reportable segments $ 126,204 $ 100,689 $ 69,934 Corporate depreciation and amortization 4,553 4,119 3,336 Consolidated depreciation and amortization $ 130,757 $ 104,808 $ 73,270 Capital expenditures: Capital expenditures for reportable segments $ 71,436 $ 62,573 $ 31,376 Corporate capital expenditures 8,447 2,231 724 Consolidated capital expenditures $ 79,883 $ 64,804 $ 32,100 Amortization expense related to intangible assets in the Manufacturing segment for the years ended December 31, 2022, 2021 and 2020 was $62.8 million, $46.7 million and $33.5 million, respectively. Intangible assets amortization expense in the Distribution segment was $10.4 million, $9.6 million and $7.4 million in 2022, 2021 and 2020, respectively. Unallocated corporate expenses include corporate general and administrative expenses comprised of wages and other compensation, insurance, taxes, supplies, travel and entertainment, professional fees, amortization of inventory step-up adjustments, and other. Major Customers The Company had two major customers that accounted for the following sales in our Manufacturing and Distribution segments for the years ended December 31, 2022, 2021 and 2020 and trade receivables balances at December 31, 2022 and 2021 as shown in the table below: 2022 2021 2020 Customer 1 Net sales 21 % 24 % 22 % Trade receivables 4 % 14 % Customer 2 Net sales 17 % 18 % 17 % Trade receivables 6 % 12 %

QUARTERLY FINANCIAL DATA (UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL DATA (UNAUDITED)	QUARTERLY FINANCIAL DATA (UNAUDITED) Selected quarterly financial data for the years ended December 31, 2022 and 2021 is as follows: (thousands except per share data) 1Q 2Q 3Q 4Q 2022 Net sales $ 1,342,175 $ 1,475,693 $ 1,112,089 $ 951,915 $ 4,881,872 Gross profit 295,345 327,104 236,451 201,038 1,059,938 Net income 112,673 116,524 58,819 40,180 328,196 Earnings per common share (1) Basic $ 5.00 $ 5.24 $ 2.66 $ 1.85 $ 14.82 Diluted 4.54 4.79 2.43 1.68 13.49 Cash dividends paid per common share $ 0.33 $ 0.33 $ 0.33 $ 0.45 $ 1.44 (thousands except per share data) 1Q 2Q 3Q 4Q 2021 Net sales $ 850,483 $ 1,019,953 $ 1,060,177 $ 1,147,479 $ 4,078,092 Gross profit 161,532 204,477 208,161 227,024 801,194 Net income 47,513 58,985 57,397 61,020 224,915 Earnings per common share (1) Basic $ 2.09 $ 2.57 $ 2.52 $ 2.69 $ 9.87 Diluted 2.04 2.52 2.45 2.62 9.63 Cash dividends paid per common share $ 0.28 $ 0.28 $ 0.28 $ 0.33 $ 1.17 (1) Basic and diluted earnings per common share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted earnings per common share information may not equal annual basic and diluted earnings per common share.

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission and in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The consolidated financial statements include the accounts of Patrick and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. In preparation of Patrick’s consolidated financial statements as of December 31, 2022, management evaluated all material subsequent events or transactions that occurred after the balance sheet date through the date of issuance of the Form 10-K to determine those requiring recognition or disclosure in the consolidated financial statements.
Financial Periods	Financial Periods The Company maintains its financial records on the basis of a fiscal year ending on December 31, with the fiscal quarters spanning thirteen weeks, with the first, second and third quarters ending on the Sunday closest to the end of the first, second and third 13-week periods, respectively. The first three quarters of fiscal year 2022 ended on March 27, 2022, June 26, 2022 and September 25, 2022. The first three quarters of fiscal year 2021 ended on March 28, 2021, June 27, 2021 and September 26, 2021. The first three quarters of fiscal year 2020 ended on March 29, 2020, June 28, 2020 and September 27, 2020.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Estimates include the valuation of goodwill and indefinite-lived intangible assets, the valuation of long-lived assets, the allowance for doubtful accounts, excess and obsolete inventories, assets acquired and liabilities assumed in a business combination, the valuation of estimated contingent consideration, deferred tax asset valuation allowances, and certain accrued liabilities. Actual results could differ from the amounts reported.
Revenue Recognition	Revenue Recognition The Company is a major manufacturer and distributor of component products and materials serving original equipment manufacturers and other customers in the RV, marine, MH, and industrial industries. Revenue is recognized when or as control of the promised goods transfers to the Company's customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods. The Company’s contracts typically consist of a single performance obligation to manufacture and provide the promised goods. To the extent a contract is deemed to have multiple performance obligations, the Company allocates the transaction price of the contract to each performance obligation using the standalone selling price of each distinct good in the contract. The transaction price for contracts may include reductions to the transaction price for estimated volume discounts and rebates and other customer incentives. Manufacturing segment revenue is recognized when control of the products transfers to the customer which is the point when the customer gains the ability to direct the use of and obtain substantially all the remaining benefits from the asset, which is generally upon delivery of goods, or upon shipment of goods in certain circumstances. In limited circumstances, where the products are customer specific with no alternative use to the Company, and the Company has a legally enforceable right to payment for performance to date with a reasonable margin, revenue is recognized over the contract term based on the cost-to-cost method. However, such revenue is not material to the consolidated financial statements.
Costs and Expenses	Costs and Expenses Cost of goods sold includes material costs, direct and indirect labor, depreciation, overhead expenses, inbound freight charges, inspection costs, internal transfer costs, receiving costs, and other costs.
Share Based Compensation	Stock Based Compensation Compensation expense related to the fair value of restricted stock awards as of the grant date is calculated based on the Company’s closing stock price on the date of grant. In addition, the Company estimates the fair value of all stock option and stock appreciation ri ghts (“SARS”) awards as of the grant date by applying the Black-Scholes option-pricing model. The use of this valuation model involves assumptions that are judgmental and highly sensitive in the determination of compensation expense, including the expected option term, dividend yield, risk-free interest rate and volatility of the Company's common stock. Expected volatilities take into consideration the historical volatility of the Company’s common stock. The expected term of options and SARS represents the period of time that the options and SARS granted are expected to be outstanding based on historical Company trends. The risk free interest rate is based on the U.S. Trea
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income available for diluted shares (calculated as net income plus the after-tax effect of interest on potentially dilutive convertible notes, as defined by Accounting Standards Update ("ASU") 2020-06) by the weighted-average number of common shares outstanding, plus the weighted-average impact of potentially dilutive convertible notes as defined by ASU 2020-06, plus the dilutive effect of stock options, SARS, and certain restricted stock awards (collectively, “Common Stock Equivalents”). The dilutive effect of Common Stock Equivalents is calculated under the treasury stock method using the average market price for the period. Common Stock Equivalents are not included in the computation of diluted earnings per common share if their effect would be anti-dilutive. See Note 2 for further discussion on the adoption of ASU 2020-06. See Note 13 for the calculation of both basic and diluted earnings per common share.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents.
Trade and Other Receivables	Trade and Other Receivables Trade receivables consist primarily of amounts due to the Company from its normal business activities. In assessing the carrying value of its trade receivables, the Company estimates the recoverability by making assumptions based on historical and forward-looking factors, such as historical and anticipated customer performance, current overall and industry-specific economic conditions, historical write-off and collection experience, the level of past-due amounts, and specific risks identified in the trade receivables portfolio. Other receivables consist of employee advances, insurance claims, amounts owed from vendors pertaining to importation costs, and other miscellaneous items. Trade and other receivables, net consists of the following at December 31, 2022 and 2021: (thousands) 2022 2021 Trade receivables $ 144,301 $ 157,222 Other receivables 30,787 16,311 Allowance for doubtful accounts (2,198) (1,141) Total $ 172,890 $ 172,392
Inventories	Inventories Inventories are generally stated at the lower of cost (first-in, first-out method or, for certain inventories, average costing method) and net realizable value. Based on the inventory aging and other considerations for realizable value, the Company writes down the carrying value to net realizable value where appropriate. The Company reviews inventory on-hand and records provisions for excess and obsolete inventory based on current assessments of future demand, market conditions, and related management initiatives. The cost of manufactured inventories includes raw materials, inbound freight, labor and overhead. The Company’s distribution inventories include the cost of materials purchased for resale and inbound freight.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment (“PP&E”) is generally recorded at cost. Depreciation is computed primarily by the straight-line method applied to individual items based on estimated useful lives, which is as follows for 2022: Asset Class Useful Life Buildings and improvements 10-30 years Leasehold improvements 10 years Capitalized software 3-5 years Machinery and equipment and transportation equipment 3-7 years Leasehold improvements are amortized over the lesser of their useful lives or the related lease term. The recoverability of PP&E is evaluated whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable, primarily based on estimated selling price, appraised value or projected future cash flows.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill and indefinite-lived intangible assets are not amortized but are subject to an annual impairment test based on their estimated fair value. The Company performs the required test for goodwill and indefinite-lived intangible assets for impairment in the fourth quarter, or more frequently, if events or changes in circumstances indicate that the carrying value may exceed the fair value. As part of the annual goodwill test, we estimate the fair value of our reporting units using both an income and market based approach. The market approach includes a comparison of multiples of earnings before interest, taxes, depreciation and amortization for the reporting units to similar businesses or guideline companies whose securities are actively traded in public markets. The income approach calculates the present value of expected cash flows to determine the estimated fair value of our reporting units. Additionally, the income approach requires us to estimate future cash flows, the timing of these cash flows, and a discount rate (based on a weighted average cost of capital), which represents the time value of money and the inherent risk and uncertainty of the future cash flows. The assumptions we use to estimate future cash flows are consistent with the assumptions that our reporting units use for internal planning purposes. When calculating the present value of future cash flows under the income approach, we take into consideration multiple variables, including forecasted sales volumes and operating income, current industry and economic conditions, and historical results.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets When events or conditions warrant, the Company evaluates the recoverability of long-lived assets other than goodwill and indefinite-lived intangible assets and considers whether these assets are impaired. The Company assesses the recoverability of these assets based upon several factors, including management's intention with respect to the assets and their projected future undiscounted cash flows. If projected undiscounted cash flows are less than the carrying amount of the assets, the Company adjusts the carrying amounts of such assets to their estimated fair value. A significant adverse change in the Company’s business climate in future periods could result in a significant loss of market share or the inability to achieve previously projected revenue growth and could lead to a required assessment of the recoverability of the Company’s long-lived assets, which may subsequently result in an impairment charge. Finite-lived intangible assets are amortized over their
Fair Value and Financial Instruments	Fair Value and Financial InstrumentsThe Company accounts for certain assets and liabilities at fair value. The fair values are separated into three broad levels (Levels 1, 2 and 3) based on the assessment of the availability of observable market data and the significance of non-observable data used to determine fair value. Each fair value measurement must be assigned to a level corresponding to the lowest level input that is significant to the fair value measurement in its entirety.
Income Taxes	Income Taxes Income tax expense is calculated based on statutory tax rates of the federal, state, and international jurisdictions in which the Company operates and income earned or apportioned to each of these respective jurisdictions, as well as any additional tax planning available to the Company in these jurisdictions. Certain income and expenses are not reported in tax returns and financial statements in the same year. The tax effect of such temporary differences is reported as deferred income taxes. Deferred taxes are provided on an asset and liability method whereby deferred taxes are recognized based on temporary differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets may not be realized.
Reclassified Amounts	Reclassified Amounts Certain immaterial reclassifications have been made to the prior period presentation to conform to the current period presentation of "(Gain) loss on sale of property, plant and equipment" and "Other" non-cash items in the consolidated statements of cash flows.
Recent Accounting Pronouncements	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Reference Rate Reform In March 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-04, " Reference Rate Reform (Topic 848) ", a new standard providing final guidance to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from the London InterBank Offer Rate ("LIBOR") and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate ("SOFR"). Entities can elect not to apply certain modification accounting requirements to contracts affected by what the guidance calls reference rate reform, if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Entities can elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform, if certain criteria are met. The guidance is effective upon issuance and generally can be applied through December 31, 2022. In the third quarter ended September 25, 2022, the Company entered into an amendment of its credit agreement, which included a transition from a LIBOR-based rate to a SOFR-based rate. See Note 8 for further discussion of this amendment. The transition from LIBOR to SOFR in accordance with the amended credit agreement did not have a material impact on the Company's consolidated financial statements. Accounting for Convertible Instruments and Contracts in an Entity's Own Equity In August 2020, the FASB issued ASU 2020-06, " Accounting for Convertible Instruments and Contracts in an Entity's Own Equity

BASIS OF PRESENTATION AND SIG_3

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Trade and Other Receivables	Trade and other receivables, net consists of the following at December 31, 2022 and 2021: (thousands) 2022 2021 Trade receivables $ 144,301 $ 157,222 Other receivables 30,787 16,311 Allowance for doubtful accounts (2,198) (1,141) Total $ 172,890 $ 172,392
Schedule of Balances in Prepaid Expenses and Other	Prepaid expenses and other consists of the following at December 31, 2022 and 2021: (thousands) 2022 2021 Vendor rebates receivable $ 12,366 $ 8,702 Prepaid expenses 22,311 20,380 Vendor and other deposits 11,649 35,396 Total $ 46,326 $ 64,478
Schedule of Property, Plant and Equipment	Property, plant and equipment (“PP&E”) is generally recorded at cost. Depreciation is computed primarily by the straight-line method applied to individual items based on estimated useful lives, which is as follows for 2022: Asset Class Useful Life Buildings and improvements 10-30 years Leasehold improvements 10 years Capitalized software 3-5 years Machinery and equipment and transportation equipment 3-7 years Property, plant and equipment, net, consists of the following at December 31, 2022 and 2021: (thousands) 2022 2021 Land and improvements $ 19,242 $ 17,454 Building and improvements 82,280 83,509 Machinery and equipment 442,881 372,086 Transportation equipment 11,866 10,402 Leasehold improvements 29,252 21,593 Property, plant and equipment, at cost 585,521 505,044 Less: accumulated depreciation and amortization (234,949) (185,551) Property, plant and equipment, net $ 350,572 $ 319,493
Schedule of Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques	The three levels are as follows: • Level 1 inputs, which are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. • Level 2 inputs, which are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability. • Level 3 inputs, which are unobservable inputs for the asset or liability. These unobservable inputs reflect the entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability, and are developed based on the best information available in the circumstances (which might include the reporting entity’s own data). 2022 2021 (in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash equivalents (1) $ 15.2 $ — $ — $ 118.4 $ — $ — 7.50% senior notes due 2027 (2) — 293.9 — — 319.5 — 4.75% senior notes due 2029 (2) — 293.8 — — 350.6 — 1.00% convertible notes due 2023 (2) — 172.0 — — 194.1 — 1.75% convertible notes due 2028 (2) — 219.9 — — 269.8 — Term loan due 2027 (3) — 136.9 — — 144.4 — Revolver due 2027 (3) — 80.3 — — 135.0 — Interest rate swaps (4) — — — — 1.0 — Contingent consideration (5) — — 9.2 — — 12.3 (1) The carrying amounts of cash equivalents, representing government and other money market funds traded in an active market with relatively short maturities, are reported on the consolidated balance sheet as of December 31, 2022 as a component of "Cash and cash equivalents". (2) The amounts of these notes listed above are the fair values for disclosure purposes only, and they are recorded in the Company's consolidated balance sheets as of December 31, 2022 and 2021 using the interest rate method. (3) The carrying amounts of our term loan and revolver approximate fair value as of December 31, 2022 and 2021 based upon their terms and conditions in comparison to the terms and conditions of debt instruments with similar terms and conditions available at those dates. (4) The interest rate swaps are discussed further in Note 9. (5) The estimated fair value of the Company's contingent consideration is discussed further in Note 4.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	In the following table, revenue from contracts with customers, net of intersegment sales, is disaggregated by market type and by reportable segment, consistent with how the Company believes the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors: Year Ended December 31, 2022 (thousands) Manufacturing Distribution Total Market type: Recreational Vehicle $ 1,777,541 $ 815,478 $ 2,593,019 Marine 976,699 60,803 1,037,502 Manufactured Housing 344,983 359,618 704,601 Industrial 504,543 42,207 546,750 Total $ 3,603,766 $ 1,278,106 $ 4,881,872 Year Ended December 31, 2021 (thousands) Manufacturing Distribution Total Market type: Recreational Vehicle $ 1,617,852 $ 786,590 $ 2,404,442 Marine 633,848 31,417 665,265 Manufactured Housing 261,856 283,207 545,063 Industrial 416,910 46,412 463,322 Total $ 2,930,466 $ 1,147,626 $ 4,078,092 Year Ended December 31, 2020 (thousands) Manufacturing Distribution Total Market type: Recreational Vehicle $ 938,301 $ 453,907 $ 1,392,208 Marine 324,250 14,411 338,661 Manufactured Housing 180,136 252,227 432,363 Industrial 286,764 36,601 323,365 Total $ 1,729,451 $ 757,146 $ 2,486,597

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Asset Acquisition, Contingent Consideration	The following table provides a reconciliation of the beginning and ending aggregate fair values of the contingent consideration as of December 31, 2022 and 2021: (thousands) 2022 2021 Beginning fair value - contingent consideration $ 12,275 $ 6,885 Additions 1,940 4,540 Fair value adjustments 2,228 3,350 Settlements (7,230) (2,500) Ending fair value - contingent consideration 9,213 12,275 The following table shows the balance sheet location of the fair value of contingent consideration and the maximum amount of contingent consideration payments the Company may be subject to at December 31, 2022 and 2021: (thousands) 2022 2021 Accrued liabilities $ 5,250 $ 7,040 Other long-term liabilities 3,963 5,235 Total fair value of contingent consideration 9,213 12,275 Maximum amount of contingent consideration 10,747 19,600
Schedule of Business Acquisitions, by Acquisition	The Company completed five acquisitions in the year ended December 31, 2022, including the following three previously announced acquisitions (collectively, the "2022 Acquisitions"): Company Segment Description Rockford Corporation Manufacturing Designer and manufacturer of audio systems and components through its brand Rockford Fosgate®, primarily serving the powersports and automotive aftermarkets, based in Tempe, Arizona, acquired in March 2022. Diamondback Towers, LLC Manufacturing Manufacturer of wakeboard/ski towers and accessories for marine original equipment manufacturers ("OEMs"), based in Cocoa, Florida, acquired in May 2022. Transhield Manufacturing Designer and manufacturer of customized and proprietary protection solutions for the marine, military and industrial markets, including covers and shrinkable packaging, to protect equipment during transport and storage, based in Elkhart, Indiana, acquired in November 2022. The Company completed thirteen acquisitions in the year ended December 31, 2021, including the following seven previously announced acquisitions (collectively, the "2021 Acquisitions"): Company Segment Description Sea-Dog Corporation & Sea-Lect Plastics (collectively, "Sea-Dog") Distribution & Manufacturing Distributor of a variety of marine and powersports hardware and accessories to distributors, wholesalers, retailers, and manufacturers and provider of plastic injection molding, design, product development and expert tooling to companies and government entities, based in Everett, Washington, acquired in March 2021. Hyperform, Inc. Manufacturing Manufacturer of high-quality, non-slip foam flooring, operating under the SeaDek brand name, for the marine OEM market and aftermarket as well as serving the pool and spa, powersports and utility markets under the SwimDek and EndeavorDek brand names, with manufacturing facilities in Rockledge, Florida and Cocoa, Florida, acquired in April 2021. Alpha Systems, LLC Manufacturing & Distribution Manufacturer and distributor of component products and accessories for the RV, marine, manufactured housing and industrial end markets that includes adhesives, sealants, rubber roofing, roto/blow molding and injection molding products, flooring, insulation, shutters, skylights, and various other products and accessories, operating out of nine facilities in Elkhart, Indiana, acquired in May 2021. Coyote Manufacturing Company Manufacturing Designer, fabricator, and manufacturer of a variety of steel and aluminum products, including boat trailers, towers, T-tops, leaning posts, and other custom components primarily for the marine OEM market, based in Nashville, Georgia, acquired in August 2021. Tumacs Covers Manufacturing Manufacturer of custom designed boat covers, canvas frames, and bimini tops, primarily serving large marine OEMs and dealers, headquartered in Pittsburgh, Pennsylvania, with manufacturing facilities in Indiana and Pennsylvania, and a distribution/service center in Michigan, acquired in August 2021. Wet Sounds, Inc. & Katalyst Industries LLC (collectively "Wet Sounds") Manufacturing Designer, engineer, and fabricator of innovative audio systems and accessories, including amplifiers, tower speakers, soundbars, and subwoofers sold directly to OEMs and consumers, and to dealers and retailers, primarily within the marine market as well as to the home audio and powersports markets and aftermarkets, based in Rosenburg, Texas, acquired in November 2021. Williamsburg Marine LLC & Williamsburg Furniture, Inc. (collectively "Williamsburg") Manufacturing Manufacturer of seating for the RV and marine end markets sold primarily to OEMs, based in Milford and Nappanee, Indiana, acquired in November 2021. The Company completed eleven acquisitions in the year ended December 31, 2020, including the following seven previously announced acquisitions (collectively, the "2020 Acquisitions"): Company Segment Description Maple City Woodworking Corporation Manufacturing Manufacturer of hardwood cabinet doors and fascia for the RV market based in Goshen, Indiana, acquired in March 2020. SEI Manufacturing, Inc. Manufacturing Manufacturer of towers, T-Tops, hardtops, rails, gates and other aluminum exterior products for the marine market located in Cromwell, Indiana, acquired in March 2020. Inland Plywood Company Manufacturing Supplier, laminator, and wholesale distributor of treated, untreated, and laminated plywood, medium density overlay panels, and other specialty products, primarily serving the marine market as well as the RV and industrial markets headquartered in Pontiac, Michigan with an additional facility in Cocoa, Florida, acquired in August 2020. Synergy RV Transport Distribution Transportation and logistics service provider primarily for original equipment manufacturers and dealers in the RV market located in Goshen, Indiana, acquired in August 2020. Front Range Stone Manufacturing Fabricator and installer of natural stone, quartz, solid surface, and laminate countertops, primarily serving big box home improvement retailers, home builders and commercial contractors in the industrial market based in Englewood, Colorado, acquired in September 2020. Geremarie Corporation Manufacturing Designer, manufacturer, and fabricator of a full suite of high-precision aluminum components serving the marine industry, in addition to the medical, aerospace, defense, commercial and industrial markets located in Lake Zurich, Illinois, acquired in November 2020. Taco Metals, LLC Manufacturing Manufacturer of boating products including rub rail systems, canvas and tower components, sport fishing and outrigger systems, helm chairs and pedestals, and specialty hardware for leading OEMs in the recreational boating industry and the related aftermarket headquartered in Miami, Florida, with manufacturing facilities in Tennessee and Florida, and distribution centers in Tennessee, Florida, South Carolina, and Massachusetts, acquired in November 2020.
Schedule of Assets Acquired and Liabilities Assumed	The following table summarizes the fair values of the assets acquired and liabilities assumed as of the date of the acquisition for 2022 Acquisitions: 2022 (thousands) Acquisition A Acquisition B All Others Total Consideration Cash, net of cash acquired $ 132,557 $ 95,582 $ 20,355 $ 248,494 Working capital holdback and other, net (1) — (749) 414 (335) Contingent consideration (2) — — 1,750 1,750 Total consideration 132,557 94,833 22,519 249,909 Assets Acquired Trade receivables $ 20,640 $ 4,882 $ 904 $ 26,426 Inventories 32,744 8,732 2,309 43,785 Prepaid expenses & other 2,502 161 93 2,756 Property, plant & equipment 5,270 6,026 1,638 12,934 Operating lease right-of-use assets 2,917 1,435 599 4,951 Identifiable intangible assets: Customer relationships 56,000 38,630 6,940 101,570 Non-compete agreements 400 230 250 880 Patents 7,500 9,400 — 16,900 Trademarks 16,000 7,910 1,410 25,320 Liabilities Assumed Current portion of operating lease obligations (512) (289) (273) (1,074) Accounts payable & accrued liabilities (25,681) (3,238) (1,253) (30,172) Operating lease obligations (2,405) (1,146) (326) (3,877) Deferred tax liabilities (19,540) (14,076) — (33,616) Total fair value of net assets acquired 95,835 58,657 12,291 166,783 Goodwill (3) 36,722 36,176 10,228 83,126 $ 132,557 $ 94,833 $ 22,519 $ 249,909 (1) Certain acquisitions contain working capital holdbacks which are typically settled in a 90-day period following the close of the acquisition. This value represents the remaining amounts due to (from) sellers as of December 31, 2022. (2) These amounts reflect the acquisition date fair value of contingent consideration based on future results relating to certain acquisitions. (3) Goodwill is tax-deductible for the 2022 Acquisitions, except Acquisition A and Acquisition B (totaling approximately $72.9 million). The following table summarizes the fair values of the assets acquired and liabilities assumed as of the date of the acquisition for 2021 and 2020 Acquisitions: 2021 2020 Acquisitions (thousands) Acquisition A Acquisition B All Others Total Consideration Cash, net of cash acquired $ 149,304 $ 165,387 $ 194,373 $ 509,064 $ 306,482 Common stock issuance (1) 10,211 — — 10,211 — Contingent consideration (2) 3,500 — 1,230 4,730 4,763 Total consideration 163,015 165,387 195,603 524,005 311,245 Assets Acquired Trade receivables $ 8,370 $ 4,483 $ 13,265 $ 26,118 $ 15,324 Inventories 25,760 16,647 24,898 67,305 25,583 Prepaid expenses & other 46 12,210 1,491 13,747 733 Property, plant & equipment 27,573 867 26,454 54,894 64,790 Operating lease right-of-use assets 11,507 5,267 8,756 25,530 20,029 Identifiable intangible assets: Customer relationships 47,700 50,660 65,712 164,072 99,897 Non-compete agreements 1,200 680 1,763 3,643 1,150 Patents 8,600 15,050 5,200 28,850 6,470 Trademarks 27,450 12,360 16,709 56,519 23,464 Liabilities Assumed Current portion of operating lease obligations (2,385) (1,072) (2,061) (5,518) (2,721) Accounts payable & accrued liabilities (18,100) (1,687) (12,522) (32,309) (12,405) Operating lease obligations (9,122) (4,195) (6,695) (20,012) (17,308) Deferred tax liabilities — — (1,486) (1,486) (4,584) Total fair value of net assets acquired 128,599 111,270 141,484 381,353 220,422 Goodwill (3) 34,416 54,117 54,119 142,652 90,823 $ 163,015 $ 165,387 $ 195,603 $ 524,005 $ 311,245 (1) In connection with Company A, the Company issued 113,961 shares of common stock at a closing price of $89.60 as of the acquisition date. (2) These amounts reflect the acquisition date fair value of contingent consideration based on future results relating to certain acquisitions. Contingent consideration associated with Company A is valued at $3.5 million, but subject to a $6.0 million maximum.
Schedule of Pro Forma Information	In addition, the pro forma information includes incremental amortization expense related to intangible assets acquired of $4.6 million and $21.8 million for the years ended December 31, 2022 and 2021, respectively, in connection with the acquisitions as if they occurred as of the beginning of the year immediately preceding each such acquisition. (thousands except per share data) 2022 2021 Net sales $ 4,958,134 $ 4,497,253 Net income 330,206 258,413 Basic earnings per common share 14.91 11.34 Diluted earnings per common share 13.57 11.06

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories as of December 31, 2022 and 2021 consist of the following: (thousands) 2022 2021 Raw materials $ 348,670 $ 315,269 Work in process 22,630 30,801 Finished goods 141,516 101,763 Less: reserve for inventory excess and obsolescence (14,059) (9,573) Total manufactured goods, net 498,757 438,260 Materials purchased for resale (distribution products) 175,061 181,921 Less: reserve for inventory excess and obsolescence (5,977) (5,825) Total materials purchased for resale (distribution products), net 169,084 176,096 Total inventories $ 667,841 $ 614,356

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment (“PP&E”) is generally recorded at cost. Depreciation is computed primarily by the straight-line method applied to individual items based on estimated useful lives, which is as follows for 2022: Asset Class Useful Life Buildings and improvements 10-30 years Leasehold improvements 10 years Capitalized software 3-5 years Machinery and equipment and transportation equipment 3-7 years Property, plant and equipment, net, consists of the following at December 31, 2022 and 2021: (thousands) 2022 2021 Land and improvements $ 19,242 $ 17,454 Building and improvements 82,280 83,509 Machinery and equipment 442,881 372,086 Transportation equipment 11,866 10,402 Leasehold improvements 29,252 21,593 Property, plant and equipment, at cost 585,521 505,044 Less: accumulated depreciation and amortization (234,949) (185,551) Property, plant and equipment, net $ 350,572 $ 319,493

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021 by segment are as follows: (thousands) Manufacturing Distribution Total Balance - January 1, 2021 $ 338,045 $ 57,755 $ 395,800 Acquisitions 136,195 11,697 147,892 Adjustment to prior year preliminary purchase price allocation 7,666 19 7,685 Balance - December 31, 2021 481,906 69,471 551,377 Acquisitions 82,886 240 83,126 Adjustment to prior year preliminary purchase price allocation (6,430) 1,190 (5,240) Balance - December 31, 2022 $ 558,362 $ 70,901 $ 629,263
Schedule of Intangible Assets, Net	Intangible assets, net consist of the following at December 31, 2022 and 2021 : (thousands) 2022 2021 Customer relationships $ 722,503 $ 617,814 Non-compete agreements 20,412 21,284 Patents 69,164 50,038 Trademarks 195,957 165,897 1,008,036 855,033 Less: accumulated amortization (287,806) (214,577) Intangible assets, net $ 720,230 $ 640,456
Schedule of Changes in Intangible Assets	Changes in the carrying value of intangible assets for the years ended December 31, 2022 and 2021 by segment are as follows: (thousands) Manufacturing Distribution Total Balance - January 1, 2021 $ 373,717 $ 82,559 $ 456,276 Acquisitions 212,883 32,715 245,598 Amortization (46,684) (9,645) (56,329) Adjustment to prior year preliminary purchase price allocation (5,089) — (5,089) Balance - December 31, 2021 534,827 105,629 640,456 Acquisitions 145,204 260 145,464 Amortization (62,786) (10,443) (73,229) Adjustment to prior year preliminary purchase price allocation 5,402 2,137 7,539 Balance - December 31, 2022 $ 622,647 $ 97,583 $ 720,230
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Amortization expense for the next five fiscal years ending December 31 related to finite-lived intangible assets as of December 31, 2022 is estimated to be as follows (in thousands): 2023 $ 77,584 2024 76,225 2025 72,467 2026 66,774 2027 60,296

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Total Debt Outstanding	A summary of total debt outstanding at December 31, 2022 and 2021 is as follows: (thousands) 2022 2021 Long-term debt: 1.00% convertible notes due 2023 $ 172,500 $ 172,500 Term loan due 2027 136,875 144,375 Revolver due 2027 80,289 135,000 7.50% senior notes due 2027 300,000 300,000 1.75% convertible notes due 2028 258,750 258,750 4.75% senior notes due 2029 350,000 350,000 Total long-term debt 1,298,414 1,360,625 Less: convertible notes debt discount, net (5,989) (64,245) Less: term loan deferred financing costs, net (701) (624) Less: senior notes deferred financing costs, net (8,075) (9,267) Less: current maturities of long-term debt (7,500) (7,500) Total long-term debt, less current maturities, net $ 1,276,149 $ 1,278,989
Schedule of Maturities of Long-term Debt	As of December 31, 2022, the aggregate maturities of total long-term debt for the next five fiscal years and thereafter are as follows (in thousands): 2023 (1) $ 180,000 2024 7,500 2025 13,125 2026 15,000 2027 474,039 Thereafter 608,750 Total $ 1,298,414

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Liabilities at Fair Value	The following table summarizes the fair value of derivative contracts included in the accompanying consolidated balance sheet (in thousands): Fair value of derivative liabilities Derivatives accounted for as cash flow hedges Balance sheet location December 31, 2022 December 31, 2021 Interest rate swaps Other long-term liabilities $ — $ 1,017

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities as of December 31, 2022 and 2021 include the following: (thousands) 2022 2021 Employee compensation and benefits $ 80,725 $ 82,870 Property taxes 5,777 5,382 Customer incentives 27,719 29,756 Accrued interest 8,807 8,981 Accrued warranty 12,103 13,827 Income tax payable 28,926 28,422 Other 8,538 12,201 Total accrued liabilities $ 172,595 $ 181,439
Schedule of Accrued Warranty Liabilities	Changes in our accrued warranty liabilities for the years ended December 31, 2022, 2021, and 2020 are as follows: (thousands) 2022 2021 2020 Beginning balance $ 13,827 $ 3,872 $ 2,950 Provision 29,918 24,202 11,227 Settlements made (in cash or in kind) (32,998) (17,725) (10,342) Acquisitions 1,356 3,478 37 Ending balance $ 12,103 $ 13,827 $ 3,872

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of the Provisions for Income Taxes	The provision for income taxes for the years ended December 31, 2022, 2021 and 2020 consists of the following: (thousands) 2022 2021 2020 Current: Federal $ 92,783 $ 57,156 $ 16,627 State 23,724 15,755 8,584 Foreign 56 (61) 9 Total current 116,563 72,850 25,220 Deferred: Federal (7,348) (1,854) 8,344 State (2,027) (2,089) (253) Foreign 26 — — Total deferred (9,349) (3,943) 8,091 Income taxes $ 107,214 $ 68,907 $ 33,311
Schedule of the Reconciliation of Differences Between Income Taxes and Tax Provisions	A reconciliation of the differences between the actual provision for income taxes and income taxes at the federal statutory income tax rate of 21% for the years ended December 31, 2022, 2021, and 2020 is as follows: (thousands) 2022 2021 2020 Rate applied to pretax income $ 91,436 21.0 % $ 61,598 21.0 % $ 27,377 21.0 % State taxes, net of federal tax effect 16,715 3.8 % 10,358 3.5 % 6,026 4.6 % Research and development tax credits (4,542) (1.0) % (1,990) (0.7) % (1,647) (1.3) % Section 162(m) permanent addback 7,421 1.7 % 5,825 2.0 % 1,951 1.5 % Excess tax benefit on stock-based compensation (3,292) (0.7) % (6,035) (2.1) % (350) (0.3) % Other (524) (0.1) % (849) (0.3) % (46) 0.1 % Income taxes $ 107,214 24.7 % $ 68,907 23.4 % $ 33,311 25.6 %
Schedule of Deferred Tax Assets and Liabilities	The composition of the deferred tax assets and liabilities as of December 31, 2022 and 2021 is as follows: (thousands) 2022 2021 Deferred tax assets: Trade receivables allowance $ 1,325 $ 1,022 Inventory capitalization 4,454 2,393 Inventory reserves 8,318 6,413 Federal NOL carryforwards 736 997 State NOL carryforwards 572 911 Accrued expenses 27,865 19,793 Deferred compensation 625 578 Operating lease liabilities 41,739 40,751 Share-based compensation 7,921 6,753 Capitalized research & experimentation costs 14,037 — Total deferred tax assets before valuation allowance 107,592 79,611 Less: valuation allowance (459) (712) Total deferred tax assets, net of valuation allowance $ 107,133 $ 78,899 Deferred tax liabilities: Prepaid expenses (2,939) (2,955) Operating lease right-of-use assets (40,980) (40,082) Depreciation expense (47,050) (43,124) Intangibles (64,012) (29,422) Other (544) 231 Total deferred tax liabilities $ (155,525) $ (115,352) Net deferred tax liabilities $ (48,392) $ (36,453)

STOCK REPURCHASE PROGRAMS (Tabl

STOCK REPURCHASE PROGRAMS (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of Repurchases of Common Stock	Under the stock repurchase plans, the Company made repurchases of common stock for 2022, 2021, and 2020 as follows: 2022 2021 2020 Shares repurchased 1,325,564 612,325 595,805 Average price $ 58.08 $ 79.93 $ 38.78 Aggregate cost (in millions) $ 77.0 $ 48.9 $ 23.1

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Income per common share is calculated for the years ended December 31, 2022, 2021 and 2020 as follows: (thousands except per share data) 2022 2021 2020 Numerator: Earnings for basic per share calculation $ 328,196 $ 224,915 $ 97,061 Effect of interest on potentially dilutive convertible notes, net of tax $ 1,927 $ — $ — Earnings for dilutive per share calculation $ 330,123 $ 224,915 $ 97,061 Denominator: Weighted average common shares outstanding - basic 22,140 22,780 22,730 Weighted average impact of potentially dilutive convertible notes 2,059 — — Effect of potentially dilutive securities 272 575 357 Weighted average common shares outstanding - diluted 24,471 23,355 23,087 Earnings per common share: Basic earnings per common share $ 14.82 $ 9.87 $ 4.27 Diluted earnings per common share $ 13.49 $ 9.63 $ 4.20 Cash dividends paid per common share $ 1.44 $ 1.17 $ 1.03

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Lease Expense, Supplemental Cash Flow and Other Lease Information	Lease expense, supplemental cash flow information, and other information related to leases for the years ended December 31, 2022, 2021 and 2020 were as follows: (thousands) 2022 2021 2020 Operating lease cost $ 50,674 $ 42,081 $ 34,243 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 49,938 $ 41,061 $ 33,599 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 50,719 $ 78,225 $ 56,526
Schedule of Lease Assets and Liabilities	Balance sheet information related to leases as of December 31, 2022 and 2021 was as follows: (thousands, except lease term and discount rate) 2022 2021 Assets Operating lease right-of-use assets $ 163,674 $ 158,183 Liabilities Operating lease liabilities, current portion $ 44,235 $ 40,301 Long-term operating lease liabilities 122,471 120,161 Total lease liabilities $ 166,706 $ 160,462 Weighted average remaining lease term, operating leases (in years) 5.1 5.1 Weighted average discount rate, operating leases 4.4 % 3.8 %
Schedule of Maturities of Operating Lease Liabilities	Maturities of operating lease liabilities were as follows at December 31, 2022 (in thousands): 2023 $ 50,166 2024 42,155 2025 32,913 2026 23,227 2027 12,350 Thereafter 27,457 Total lease payments 188,268 Less imputed interest (21,562) Total $ 166,706

COMPENSATION PLANS (Tables)

COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Option Activity	The following table summarizes the Company’s option activity during the years ended December 31, 2022, 2021 and 2020: Years ended December 31 2022 2021 2020 (shares in thousands) Shares Weighted Shares Weighted Shares Weighted Outstanding beginning of year 368 $ 43.72 1,015 $ 43.88 536 $ 45.11 Granted during the year — — — — 495 42.87 Forfeited during the year (1) 41.33 (32) 41.33 (4) 53.83 Exercised during the year (5) 41.33 (615) 44.11 (12) 53.83 Outstanding end of year 362 $ 43.76 368 $ 43.72 1,015 $ 43.88 Vested Options: Vested during the year 161 $ 42.98 248 $ 46.70 115 $ 50.46 Eligible end of year for exercise 223 $ 44.25 67 $ 47.05 439 $ 43.19 Aggregate intrinsic value ($ in thousands): Total options outstanding $ 6,204 $ 13,593 $ 24,838 Options exercisable $ 3,716 $ 2,268 $ 11,047 Options exercised $ 91 $ 26,348 $ 97 Weighted average fair value of options granted during the year N/A N/A $ 15.17 Years ended December 31 2022 2021 2020 (shares in thousands) Shares Weighted Shares Weighted Shares Weighted Total SARS: Outstanding beginning of year 224 $ 64.33 485 $ 56.96 535 $ 54.53 Forfeited during the year — — — — (10) 68.01 Exercised during the year — — (261) 50.63 (40) 22.39 Outstanding end of year 224 $ 64.33 224 $ 64.33 485 $ 56.96 Vested SARS: Vested during the year — $ — 85 $ 63.86 115 $ 60.71 Eligible end of year for exercise 224 $ 64.33 224 $ 64.33 404 $ 55.58 Aggregate intrinsic value ($ in thousands): Total SARS outstanding $ 383 $ 3,669 $ 6,032 SARS exercisable $ 383 $ 3,669 $ 5,540 SARS exercised $ — $ 9,045 $ 1,918 Weighted average fair value of SARS granted during the year N/A N/A N/A
Schedule of Black-scholes Model for Awards Granted	The following table presents assumptions used in the Black-Scholes model for the stock options granted in 2020. There were no stock options granted in 2022 and 2021. 2020 Dividend rate 2.37 % Risk-free interest rate 0.65 % Expected option life (years) 5.0 Price volatility 42.42 %
Schedule of Award Activity	The following table summarizes the activity for restricted stock for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (shares in thousands) Shares Weighted-Average Shares Weighted-Average Shares Weighted-Average Unvested beginning of year 929 $ 55.06 790 $ 50.39 738 $ 49.65 Granted during the year 254 64.62 371 67.27 309 55.03 Vested during the year (408) 43.23 (198) 60.05 (178) 52.80 Forfeited during the year (17) 66.30 (34) 50.37 (79) 55.87 Unvested end of year 758 $ 64.38 929 $ 55.06 790 $ 50.39

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The tables below present information that is provided to the chief operating decision maker of the Company as of December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020 (in thousands): 2022 Manufacturing Distribution Total Net outside sales $ 3,603,766 $ 1,278,106 $ 4,881,872 Intersegment sales 77,646 9,491 87,137 Total sales 3,681,412 1,287,597 4,969,009 Operating income 531,547 136,889 668,436 Total assets 2,302,745 407,861 2,710,606 Capital expenditures 67,635 3,801 71,436 Depreciation and amortization 114,782 11,422 126,204 2021 Manufacturing Distribution Total Net outside sales $ 2,930,466 $ 1,147,626 $ 4,078,092 Intersegment sales 71,641 7,028 78,669 Total sales 3,002,107 1,154,654 4,156,761 Operating income 379,885 106,241 486,126 Total assets 2,031,465 464,575 2,496,040 Capital expenditures 58,700 3,873 62,573 Depreciation and amortization 89,899 10,790 100,689 2020 Manufacturing Distribution Total Net outside sales $ 1,729,451 $ 757,146 $ 2,486,597 Intersegment sales 36,367 5,326 41,693 Total sales 1,765,818 762,472 2,528,290 Operating income 190,518 54,376 244,894 Capital expenditures 30,588 788 31,376 Depreciation and amortization 61,407 8,527 69,934
Schedule of Reconciliation of Other Significant Reconciling Items From Segments	A reconciliation of certain line items pertaining to the total reportable segments to the consolidated financial statements as of December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020 is as follows (in thousands): 2022 2021 2020 Net sales: Total sales for reportable segments $ 4,969,009 $ 4,156,761 $ 2,528,290 Elimination of intersegment sales (87,137) (78,669) (41,693) Consolidated net sales $ 4,881,872 $ 4,078,092 $ 2,486,597 Operating income: Operating income for reportable segments $ 668,436 $ 486,126 $ 244,894 Unallocated corporate expenses (99,037) (78,085) (30,653) Amortization (73,229) (56,329) (40,868) Consolidated operating income $ 496,170 $ 351,712 $ 173,373 Total assets: Identifiable assets for reportable segments $ 2,710,606 $ 2,496,040 Corporate assets unallocated to segments 49,018 31,842 Cash and cash equivalents 22,847 122,849 Consolidated total assets $ 2,782,471 $ 2,650,731 Depreciation and amortization: Depreciation and amortization for reportable segments $ 126,204 $ 100,689 $ 69,934 Corporate depreciation and amortization 4,553 4,119 3,336 Consolidated depreciation and amortization $ 130,757 $ 104,808 $ 73,270 Capital expenditures: Capital expenditures for reportable segments $ 71,436 $ 62,573 $ 31,376 Corporate capital expenditures 8,447 2,231 724 Consolidated capital expenditures $ 79,883 $ 64,804 $ 32,100
Schedules of Concentration of Risk, by Risk Factor	The Company had two major customers that accounted for the following sales in our Manufacturing and Distribution segments for the years ended December 31, 2022, 2021 and 2020 and trade receivables balances at December 31, 2022 and 2021 as shown in the table below: 2022 2021 2020 Customer 1 Net sales 21 % 24 % 22 % Trade receivables 4 % 14 % Customer 2 Net sales 17 % 18 % 17 % Trade receivables 6 % 12 %

QUARTERLY FINANCIAL DATA (UNA_2

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Data	Selected quarterly financial data for the years ended December 31, 2022 and 2021 is as follows: (thousands except per share data) 1Q 2Q 3Q 4Q 2022 Net sales $ 1,342,175 $ 1,475,693 $ 1,112,089 $ 951,915 $ 4,881,872 Gross profit 295,345 327,104 236,451 201,038 1,059,938 Net income 112,673 116,524 58,819 40,180 328,196 Earnings per common share (1) Basic $ 5.00 $ 5.24 $ 2.66 $ 1.85 $ 14.82 Diluted 4.54 4.79 2.43 1.68 13.49 Cash dividends paid per common share $ 0.33 $ 0.33 $ 0.33 $ 0.45 $ 1.44 (thousands except per share data) 1Q 2Q 3Q 4Q 2021 Net sales $ 850,483 $ 1,019,953 $ 1,060,177 $ 1,147,479 $ 4,078,092 Gross profit 161,532 204,477 208,161 227,024 801,194 Net income 47,513 58,985 57,397 61,020 224,915 Earnings per common share (1) Basic $ 2.09 $ 2.57 $ 2.52 $ 2.69 $ 9.87 Diluted 2.04 2.52 2.45 2.62 9.63 Cash dividends paid per common share $ 0.28 $ 0.28 $ 0.28 $ 0.33 $ 1.17 (1) Basic and diluted earnings per common share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted earnings per common share information may not equal annual basic and diluted earnings per common share.

BASIS OF PRESENTATION AND SIG_4

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 state segment facility
Accounting Policies [Abstract]
Number of manufacturing plants	185
Number of distribution facilities	67
Number of states in which entity operates | state	23
Number of business segments | segment	2

BASIS OF PRESENTATION AND SIG_5

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES- Schedule of Trade and Other Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Trade receivables	$ 144,301	$ 157,222
Other receivables	30,787	16,311
Allowance for doubtful accounts	(2,198)	(1,141)
Total	$ 172,890	$ 172,392

BASIS OF PRESENTATION AND SIG_6

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Summary of Balances in Prepaid Expenses and Other (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Vendor rebates receivable	$ 12,366	$ 8,702
Prepaid expenses	22,311	20,380
Vendor and other deposits	11,649	35,396
Total	$ 46,326	$ 64,478

BASIS OF PRESENTATION AND SIG_7

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Property, Plant and Equipment  (Details)	12 Months Ended
	Dec. 31, 2022
Buildings and improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Buildings and improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	30 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Capitalized software | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Capitalized software | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Machinery and equipment and transportation equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Machinery and equipment and transportation equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	7 years

BASIS OF PRESENTATION AND SIG_8

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Apr. 20, 2021	Sep. 30, 2019	Jan. 31, 2018
Contingent consideration	$ 9,213	$ 12,275
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities
7.50% senior notes due 2027 | Senior Notes
Stated interest rate				7.50%
Senior notes				$ 300,000
4.75% senior notes due 2029
Stated interest rate	0.0475%
4.75% senior notes due 2029 | Senior Notes
Stated interest rate			4.75%
1.00% convertible notes due 2023
Stated interest rate	0.01%				1%
1.00% convertible notes due 2023 | Convertible Debt
Stated interest rate					1%
1.75% convertible notes due 2028
Stated interest rate	0.0175%
1.75% convertible notes due 2028 | Senior Notes
Stated interest rate		1.75%
1.75% convertible notes due 2028 | Convertible Debt
Stated interest rate		1.75%
Level 1
Cash equivalents	$ 15,200	$ 118,400
Term loan due 2027	0	0
Revolver due 2027	0	0
Interest rate swaps	0	0
Contingent consideration	0	0
Level 1 | 7.50% senior notes due 2027
Senior notes	0	0
Level 1 | 4.75% senior notes due 2029
Senior notes	0	0
Level 1 | 1.00% convertible notes due 2023
Convertible note	0	0
Level 1 | 1.75% convertible notes due 2028
Convertible note	0	0
Level 2
Cash equivalents	0	0
Term loan due 2027	136,900	144,400
Revolver due 2027	80,300	135,000
Interest rate swaps	0	1,000
Contingent consideration	0	0
Level 2 | 7.50% senior notes due 2027
Senior notes	293,900	319,500
Level 2 | 4.75% senior notes due 2029
Senior notes	293,800	350,600
Level 2 | 1.00% convertible notes due 2023
Convertible note	172,000	194,100
Level 2 | 1.75% convertible notes due 2028
Convertible note	219,900	269,800
Level 3
Cash equivalents	0	0
Term loan due 2027	0	0
Revolver due 2027	0	0
Interest rate swaps	0	0
Contingent consideration	9,200	12,300
Level 3 | 7.50% senior notes due 2027
Senior notes	0	0
Level 3 | 4.75% senior notes due 2029
Senior notes	0	0
Level 3 | 1.00% convertible notes due 2023
Convertible note	0	0
Level 3 | 1.75% convertible notes due 2028
Convertible note	$ 0	$ 0

RECENTLY ISSUED ACCOUNTING PR_2

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended								12 Months Ended
	Jan. 01, 2022	Dec. 31, 2022	Sep. 25, 2022	Jun. 26, 2022	Mar. 27, 2022	Dec. 31, 2021	Sep. 26, 2021	Jun. 27, 2021	Mar. 28, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total long-term debt		$ 1,298,414				$ 1,360,625				$ 1,298,414	$ 1,360,625
Deferred tax liabilities, net		48,392				36,453				48,392	36,453
(Decrease) increase in shareholders' equity		$ 955,169				$ 767,557				$ 955,169	$ 767,557	$ 559,441	$ 497,481
Weighted average shares outstanding - Diluted (in shares)										24,471	23,355	23,087
Effect of interest on potentially dilutive convertible notes, net of tax										$ 1,927	$ 0	$ 0
Decrease of diluted net income per common share (in dollars per share)		$ (1.68)	$ (2.43)	$ (4.79)	$ (4.54)	$ (2.62)	$ (2.45)	$ (2.52)	$ (2.04)	$ (13.49)	$ (9.63)	$ (4.20)
Additional Paid-in- Capital
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
(Decrease) increase in shareholders' equity		$ 0				$ 59,668				$ 0	$ 59,668	$ 24,387	25,014
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
(Decrease) increase in shareholders' equity		$ 758,861				513,734				$ 758,861	513,734	$ 360,214	$ 305,503
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred tax liabilities, net	$ 12,400
(Decrease) increase in shareholders' equity						(43,693)					(43,693)
Weighted average shares outstanding - Diluted (in shares)	2,100
Percent dilution		9%								9%
Effect of interest on potentially dilutive convertible notes, net of tax										$ 1,900
Decrease of diluted net income per common share (in dollars per share)										$ 1.15
Cumulative Effect, Period of Adoption, Adjustment | Additional Paid-in- Capital
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
(Decrease) increase in shareholders' equity	$ (59,700)					(59,668)					(59,668)
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
(Decrease) increase in shareholders' equity	16,000					$ 15,975					$ 15,975
Cumulative Effect, Period of Adoption, Adjustment | Convertible Notes Payable
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total long-term debt	$ 56,000
1.00% convertible notes due 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stated interest rate		0.01%								0.01%				1%

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 25, 2022	Jun. 26, 2022	Mar. 27, 2022	Dec. 31, 2021	Sep. 26, 2021	Jun. 27, 2021	Mar. 28, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Net sales	$ 951,915	$ 1,112,089	$ 1,475,693	$ 1,342,175	$ 1,147,479	$ 1,060,177	$ 1,019,953	$ 850,483	$ 4,881,872	$ 4,078,092	$ 2,486,597
Recreational Vehicle
Disaggregation of Revenue [Line Items]
Net sales									2,593,019	2,404,442	1,392,208
Marine
Disaggregation of Revenue [Line Items]
Net sales									1,037,502	665,265	338,661
Manufactured Housing
Disaggregation of Revenue [Line Items]
Net sales									704,601	545,063	432,363
Industrial
Disaggregation of Revenue [Line Items]
Net sales									546,750	463,322	323,365
Manufacturing
Disaggregation of Revenue [Line Items]
Net sales									3,603,766	2,930,466	1,729,451
Manufacturing | Recreational Vehicle
Disaggregation of Revenue [Line Items]
Net sales									1,777,541	1,617,852	938,301
Manufacturing | Marine
Disaggregation of Revenue [Line Items]
Net sales									976,699	633,848	324,250
Manufacturing | Manufactured Housing
Disaggregation of Revenue [Line Items]
Net sales									344,983	261,856	180,136
Manufacturing | Industrial
Disaggregation of Revenue [Line Items]
Net sales									504,543	416,910	286,764
Distribution
Disaggregation of Revenue [Line Items]
Net sales									1,278,106	1,147,626	757,146
Distribution | Recreational Vehicle
Disaggregation of Revenue [Line Items]
Net sales									815,478	786,590	453,907
Distribution | Marine
Disaggregation of Revenue [Line Items]
Net sales									60,803	31,417	14,411
Distribution | Manufactured Housing
Disaggregation of Revenue [Line Items]
Net sales									359,618	283,207	252,227
Distribution | Industrial
Disaggregation of Revenue [Line Items]
Net sales									$ 42,207	$ 46,412	$ 36,601

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022 USD ($)	Sep. 25, 2022 USD ($)	Jun. 26, 2022 USD ($)	Mar. 27, 2022 USD ($)	Dec. 31, 2021 USD ($)	Sep. 26, 2021 USD ($)	Jun. 27, 2021 USD ($)	Mar. 28, 2021 USD ($)	Dec. 31, 2022 USD ($) acquisition	Dec. 31, 2021 USD ($) segment facility acquisition	Dec. 31, 2020 USD ($) segment acquisition
Business Acquisition [Line Items]
Revenues	$ 951,915	$ 1,112,089	$ 1,475,693	$ 1,342,175	$ 1,147,479	$ 1,060,177	$ 1,019,953	$ 850,483	$ 4,881,872	$ 4,078,092	$ 2,486,597
Operating income									496,170	351,712	173,373
Payments to acquire businesses, net of cash acquired									248,899	508,127	305,995
Goodwill	629,263				551,377				629,263	551,377	395,800
Pro forma amortization expense									4,600	21,800
Ending fair value - contingent consideration	$ 9,213				12,275				$ 9,213	12,275
Customer relationships
Business Acquisition [Line Items]
Estimated useful life									10 years
Non-compete agreements
Business Acquisition [Line Items]
Estimated useful life									5 years
Patents
Business Acquisition [Line Items]
Estimated useful life									13 years
Minimum | Patents
Business Acquisition [Line Items]
Estimated useful life									10 years
Maximum | Patents
Business Acquisition [Line Items]
Estimated useful life									18 years
Acquired Entities
Business Acquisition [Line Items]
Percent of common stock acquired	100%								100%
Revenues									$ 121,800	259,900	81,900
Operating income									19,400	25,000	10,700
Payments to acquire businesses, net of cash acquired									248,494	509,064	306,482
Inventories	$ 43,785				67,305				43,785	67,305	25,583
Property, plant & equipment	12,934				54,894				12,934	54,894	64,790
Accounts payable	30,172				32,309				30,172	32,309	12,405
Goodwill	$ 83,126				$ 142,652				$ 83,126	$ 142,652	$ 90,823
2022 Acquisitions
Business Acquisition [Line Items]
Number of acquisitions | acquisition									5
Number of immaterial acquisitions | acquisition									3
2022 Acquisitions | Minimum
Business Acquisition [Line Items]
Contingent consideration, performance period									1 year
2022 Acquisitions | Maximum
Business Acquisition [Line Items]
Contingent consideration, performance period									2 years
Certain Acquisitions
Business Acquisition [Line Items]
Number of acquisitions | acquisition									2	6	4
2021 Acquisitions
Business Acquisition [Line Items]
Number of acquisitions | segment										13
Number of immaterial acquisitions | segment										7
2021 Acquisitions | Minimum
Business Acquisition [Line Items]
Contingent consideration, performance period									1 year
2021 Acquisitions | Maximum
Business Acquisition [Line Items]
Contingent consideration, performance period									3 years
Alpha Systems LLC
Business Acquisition [Line Items]
Number of facilities acquired | facility										9
2020 Acquisitions
Business Acquisition [Line Items]
Number of acquisitions | segment											11
Number of immaterial acquisitions | segment											7
2020 Acquisitions | Minimum
Business Acquisition [Line Items]
Contingent consideration, performance period											1 year
2020 Acquisitions | Maximum
Business Acquisition [Line Items]
Contingent consideration, performance period											3 years
One Acquisition
Business Acquisition [Line Items]
Cash consideration											$ 129,700
Accounts receivable											1,600
Inventories											2,900
Property, plant & equipment											49,000
Identifiable intangible assets											49,100
Accounts payable											2,600
Operating lease											4,900
Goodwill											32,900
Ending fair value - contingent consideration											3,400
Contingent consideration arrangements maximum payments amount											10,000
One Acquisition | Customer relationships
Business Acquisition [Line Items]
Identifiable intangible assets											42,600
One Acquisition | Non-compete agreements
Business Acquisition [Line Items]
Identifiable intangible assets											600
One Acquisition | Trademarks
Business Acquisition [Line Items]
Identifiable intangible assets											$ 5,900

ACQUISITIONS - Fair Values Cont

ACQUISITIONS - Fair Values Contingent Consideration (Details) - Contingent Consideration Liability - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning fair value - contingent consideration	$ 12,275	$ 6,885
Additions	1,940	4,540
Fair value adjustments	2,228	3,350
Settlements	(7,230)	(2,500)
Ending fair value - contingent consideration	$ 9,213	$ 12,275

ACQUISITIONS - Contingent Consi

ACQUISITIONS - Contingent Consideration Payments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Accrued liabilities	$ 5,250	$ 7,040
Other long-term liabilities	3,963	5,235
Total fair value of contingent consideration	9,213	12,275
Maximum amount of contingent consideration	$ 10,747	$ 19,600

ACQUISITIONS - Schedule of Asse

ACQUISITIONS - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Consideration
Cash, net of cash acquired	$ 248,899	$ 508,127	$ 305,995
Assets Acquired
Operating lease right-of-use-assets	163,674	158,183
Liabilities Assumed
Goodwill	629,263	551,377	395,800
Acquisition A
Consideration
Cash, net of cash acquired	132,557	149,304
Working capital holdback and other, net	0
Common stock issuance		10,211
Contingent consideration	0	3,500
Total consideration	132,557	163,015
Assets Acquired
Trade receivables	20,640	8,370
Inventories	32,744	25,760
Prepaid expenses & other	2,502	46
Property, plant & equipment	5,270	27,573
Operating lease right-of-use-assets	2,917	11,507
Liabilities Assumed
Current portion of operating lease obligations	(512)	(2,385)
Accounts payable & accrued liabilities	(25,681)	(18,100)
Operating lease obligations	(2,405)	(9,122)
Deferred tax liabilities	(19,540)	0
Total fair value of net assets acquired	95,835	128,599
Goodwill	36,722	34,416
Total net assets acquired	132,557	163,015
Contingent consideration arrangements maximum payments amount		6,000
Acquisition A | Trademarks
Assets Acquired
Identifiable intangible assets	16,000	27,450
Acquisition A | Customer relationships
Assets Acquired
Identifiable intangible assets	56,000	47,700
Acquisition A | Non-compete agreements
Assets Acquired
Identifiable intangible assets	400	1,200
Acquisition A | Patents
Assets Acquired
Identifiable intangible assets	7,500	8,600
Acquisition B
Consideration
Cash, net of cash acquired	95,582	165,387
Working capital holdback and other, net	(749)
Common stock issuance		0
Contingent consideration	0	0
Total consideration	94,833	165,387
Assets Acquired
Trade receivables	4,882	4,483
Inventories	8,732	16,647
Prepaid expenses & other	161	12,210
Property, plant & equipment	6,026	867
Operating lease right-of-use-assets	1,435	5,267
Liabilities Assumed
Current portion of operating lease obligations	(289)	(1,072)
Accounts payable & accrued liabilities	(3,238)	(1,687)
Operating lease obligations	(1,146)	(4,195)
Deferred tax liabilities	(14,076)	0
Total fair value of net assets acquired	58,657	111,270
Goodwill	36,176	54,117
Total net assets acquired	94,833	165,387
Acquisition B | Trademarks
Assets Acquired
Identifiable intangible assets	7,910	12,360
Acquisition B | Customer relationships
Assets Acquired
Identifiable intangible assets	38,630	50,660
Acquisition B | Non-compete agreements
Assets Acquired
Identifiable intangible assets	230	680
Acquisition B | Patents
Assets Acquired
Identifiable intangible assets	9,400	15,050
All Others
Consideration
Cash, net of cash acquired	20,355	194,373
Working capital holdback and other, net	414
Common stock issuance		0
Contingent consideration	1,750	1,230
Total consideration	22,519	195,603
Assets Acquired
Trade receivables	904	13,265
Inventories	2,309	24,898
Prepaid expenses & other	93	1,491
Property, plant & equipment	1,638	26,454
Operating lease right-of-use-assets	599	8,756
Liabilities Assumed
Current portion of operating lease obligations	(273)	(2,061)
Accounts payable & accrued liabilities	(1,253)	(12,522)
Operating lease obligations	(326)	(6,695)
Deferred tax liabilities	0	(1,486)
Total fair value of net assets acquired	12,291	141,484
Goodwill	10,228	54,119
Total net assets acquired	22,519	195,603
All Others | Trademarks
Assets Acquired
Identifiable intangible assets	1,410	16,709
All Others | Customer relationships
Assets Acquired
Identifiable intangible assets	6,940	65,712
All Others | Non-compete agreements
Assets Acquired
Identifiable intangible assets	250	1,763
All Others | Patents
Assets Acquired
Identifiable intangible assets	0	5,200
Acquired Entities
Consideration
Cash, net of cash acquired	248,494	509,064	306,482
Working capital holdback and other, net	(335)
Common stock issuance		10,211	0
Contingent consideration	1,750	4,730	4,763
Total consideration	249,909	524,005	311,245
Assets Acquired
Trade receivables	26,426	26,118	15,324
Inventories	43,785	67,305	25,583
Prepaid expenses & other	2,756	13,747	733
Property, plant & equipment	12,934	54,894	64,790
Operating lease right-of-use-assets	4,951	25,530	20,029
Liabilities Assumed
Current portion of operating lease obligations	(1,074)	(5,518)	(2,721)
Accounts payable & accrued liabilities	(30,172)	(32,309)	(12,405)
Operating lease obligations	(3,877)	(20,012)	(17,308)
Deferred tax liabilities	(33,616)	(1,486)	(4,584)
Total fair value of net assets acquired	166,783	381,353	220,422
Goodwill	83,126	142,652	90,823
Total net assets acquired	249,909	524,005	311,245
Acquired Entities | Trademarks
Assets Acquired
Identifiable intangible assets	25,320	56,519	23,464
Acquired Entities | Customer relationships
Assets Acquired
Identifiable intangible assets	101,570	164,072	99,897
Acquired Entities | Non-compete agreements
Assets Acquired
Identifiable intangible assets	880	3,643	1,150
Acquired Entities | Patents
Assets Acquired
Identifiable intangible assets	$ 16,900	$ 28,850	$ 6,470
Certain Acquisitions
Liabilities Assumed
Number of days of working capital	90 days
Acquisition A And Acquisition B
Liabilities Assumed
Goodwill	$ 72,900
One Acquisition In 2021
Liabilities Assumed
Common stock issued (in shares)		113,961
Closing price (in dollars per share)		$ 89.60
Tumacs Covers
Liabilities Assumed
Goodwill		$ 6,200
Front Range Stone
Liabilities Assumed
Goodwill		$ 11,000

ACQUISITIONS - Pro Forma Inform

ACQUISITIONS - Pro Forma Information Related to Acquisitions (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Net sales	$ 4,958,134	$ 4,497,253
Net income	$ 330,206	$ 258,413
Basic net income per common share (in USD per share)	$ 14.91	$ 11.34
Diluted net income per common share (in USD per share)	$ 13.57	$ 11.06

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Inventory [Line Items]
Raw materials	$ 348,670	$ 315,269
Work in process	22,630	30,801
Finished goods	141,516	101,763
Total manufactured goods, net	498,757	438,260
Materials purchased for resale (distribution products)	175,061	181,921
Total materials purchased for resale (distribution products), net	169,084	176,096
Total inventories	667,841	614,356
Manufactured Goods
Inventory [Line Items]
Less: reserve for inventory excess and obsolescence	(14,059)	(9,573)
Distributed Goods
Inventory [Line Items]
Less: reserve for inventory excess and obsolescence	$ (5,977)	$ (5,825)

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 585,521	$ 505,044
Less: accumulated depreciation and amortization	(234,949)	(185,551)
Property, plant and equipment, net	350,572	319,493
Depreciation expense	57,500	48,500	$ 32,300
Accrued capital expenditures	1,700	2,600	$ 3,800
Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	19,242	17,454
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	82,280	83,509
Machinery and equipment and transportation equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	442,881	372,086
Transportation equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	11,866	10,402
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 29,252	$ 21,593

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Carrying Amount of Goodwill by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Balance, beginning of period	$ 551,377	$ 395,800
Acquisitions	83,126	147,892
Adjustment to prior year preliminary purchase price allocation	(5,240)	7,685
Balance, end of period	629,263	551,377
Manufacturing
Goodwill [Roll Forward]
Balance, beginning of period	481,906	338,045
Acquisitions	82,886	136,195
Adjustment to prior year preliminary purchase price allocation	(6,430)	7,666
Balance, end of period	558,362	481,906
Distribution
Goodwill [Roll Forward]
Balance, beginning of period	69,471	57,755
Acquisitions	240	11,697
Adjustment to prior year preliminary purchase price allocation	1,190	19
Balance, end of period	$ 70,901	$ 69,471

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Manufacturing
Goodwill [Line Items]
Good accumulated impairment	$ 27.4	$ 27.4

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Intangible Assets, Net, by Major Class (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Intangible Assets [Line Items]
Total intangible assets, net, excluding accumulated amortization	$ 1,008,036	$ 855,033
Less: accumulated amortization	(287,806)	(214,577)
Intangible assets, net	720,230	640,456	$ 456,276
Trademarks
Intangible Assets [Line Items]
Trademarks	195,957	165,897
Customer relationships
Intangible Assets [Line Items]
Finite-lived intangible assets, gross	722,503	617,814
Non-compete agreements
Intangible Assets [Line Items]
Finite-lived intangible assets, gross	20,412	21,284
Patents
Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 69,164	$ 50,038

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Intangible Assets by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Intangible Assets [Roll Forward]
Balance, beginning of period	$ 640,456	$ 456,276
Acquisitions	145,464	245,598
Amortization	(73,229)	(56,329)	$ (40,868)
Adjustment to prior year preliminary purchase price allocation	7,539	(5,089)
Balance, end of period	720,230	640,456	456,276
Manufacturing
Intangible Assets [Roll Forward]
Balance, beginning of period	534,827	373,717
Acquisitions	145,204	212,883
Amortization	(62,786)	(46,684)	(33,500)
Adjustment to prior year preliminary purchase price allocation	5,402	(5,089)
Balance, end of period	622,647	534,827	373,717
Distribution
Intangible Assets [Roll Forward]
Balance, beginning of period	105,629	82,559
Acquisitions	260	32,715
Amortization	(10,443)	(9,645)	(7,400)
Adjustment to prior year preliminary purchase price allocation	2,137	0
Balance, end of period	$ 97,583	$ 105,629	$ 82,559

GOODWILL AND INTANGIBLE ASSET_6

GOODWILL AND INTANGIBLE ASSETS - Amortization Expense (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 77,584
2024	76,225
2025	72,467
2026	66,774
2027	$ 60,296

DEBT - Summary of Total Debt Ou

DEBT - Summary of Total Debt Outstanding (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Apr. 20, 2021	Jan. 31, 2018
Long-term debt:
Total long-term debt	$ 1,298,414	$ 1,360,625
Less: convertible notes debt discount, net	(5,989)	(64,245)
Less: term loan deferred financing costs, net	(701)	(624)
Less: senior notes deferred financing costs, net	(8,075)	(9,267)
Less: current maturities of long-term debt	(7,500)	(7,500)
Total long-term debt, less current maturities, net	1,276,149	1,278,989
Term Loan
Long-term debt:
Total long-term debt	136,875	144,375
Line of Credit
Long-term debt:
Total long-term debt	$ 80,289	135,000
1.00% convertible notes due 2023
Long-term debt:
Stated interest rate	0.01%			1%
1.00% convertible notes due 2023 | Convertible Debt
Long-term debt:
Stated interest rate				1%
Total long-term debt	$ 172,500	172,500
Less: convertible notes debt discount, net				$ (36,200)
Less: senior notes deferred financing costs, net				$ (4,300)
7.50% senior notes due 2027
Long-term debt:
Stated interest rate	0.075%
7.50% senior notes due 2027 | Senior Notes
Long-term debt:
Total long-term debt	$ 300,000	300,000
1.75% convertible notes due 2028
Long-term debt:
Stated interest rate	0.0175%
Total long-term debt	$ 258,750	$ 258,750
1.75% convertible notes due 2028 | Convertible Debt
Long-term debt:
Stated interest rate		1.75%
Less: convertible notes debt discount, net		$ (56,100)
Less: senior notes deferred financing costs, net		$ (7,300)
1.75% convertible notes due 2028 | Senior Notes
Long-term debt:
Stated interest rate		1.75%
4.75% senior notes due 2029
Long-term debt:
Stated interest rate	0.0475%
Total long-term debt	$ 350,000	$ 350,000
4.75% senior notes due 2029 | Senior Notes
Long-term debt:
Stated interest rate			4.75%
Less: term loan deferred financing costs, net			$ (5,100)

DEBT - Narrative (Details)

DEBT - Narrative (Details) $ / shares in Units, $ in Thousands			1 Months Ended				12 Months Ended
	Aug. 11, 2022 USD ($)	Aug. 11, 2021 USD ($)	Dec. 31, 2021 USD ($) shares day $ / shares	Apr. 30, 2021	Sep. 30, 2019 USD ($)	Jan. 31, 2018 USD ($) day shares $ / shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2020 USD ($)	Aug. 10, 2022 USD ($)	Apr. 20, 2021 USD ($)
Line of Credit Facility [Line Items]
Period preceding maturity		6 months
Total long-term debt			$ 1,360,625				$ 1,298,414	$ 1,360,625
Debt discount			64,245				5,989	64,245
Debt issuance costs, gross			9,267				8,075	9,267
Proceeds from convertible notes offering							0	258,750	$ 0
Deferred financing costs			624				701	624
Letters of credit outstanding							7,100
Interest paid							56,900	45,000	$ 36,100
Line of Credit
Line of Credit Facility [Line Items]
Total long-term debt			135,000				$ 80,289	135,000
Revolving Credit Facility | SOFR
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate							1.25%
Debt instrument, effective interest rate							5.55%
2021 Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 925,000									$ 700,000
2021 Credit Facility | Convertible Debt
Line of Credit Facility [Line Items]
Stated interest rate	1%
2021 Credit Facility | Term Loan Due 2021
Line of Credit Facility [Line Items]
Total long-term debt							$ 136,900
Convertible debt face amount							$ 150,000
2021 Credit Facility | Minimum
Line of Credit Facility [Line Items]
Commitment fee rate	0.15%
2021 Credit Facility | Minimum | Prime Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	0%
2021 Credit Facility | Minimum | SOFR
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1%
2021 Credit Facility | Maximum
Line of Credit Facility [Line Items]
Commitment fee rate	0.225%
2021 Credit Facility | Maximum | Prime Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	0.75%
2021 Credit Facility | Maximum | SOFR
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.75%
2021 Credit Facility | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 775,000
Commitment fee rate							0.18%
2021 Credit Facility | Revolving Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity							$ 775,000
Ratio of indebtedness to net capital	2.75
Consolidated fixed charge coverage ratio, actual		150%
Total long-term debt							$ 80,300
2021 Credit Facility | Revolving Credit Facility | Line of Credit | Acquired Entities
Line of Credit Facility [Line Items]
Ratio of indebtedness to net capital	3.25
2021 Credit Facility | Term Loan Due 2027
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 150,000
2021 Credit Facility | Term Loan Facility
Line of Credit Facility [Line Items]
Write-off of deferred financing costs		$ 300
2021 Credit Facility | Term Loan Facility | June 30, 2021, through and including March 31, 2024
Line of Credit Facility [Line Items]
Required periodic payment	1,875
2021 Credit Facility | Term Loan Facility | June 30, 2024 and thereafter
Line of Credit Facility [Line Items]
Required periodic payment	3,750
Convertible Notes Due 2023, 1.0 Percent | Convertible Debt
Line of Credit Facility [Line Items]
Total long-term debt	$ 202,500
1.75% convertible notes due 2028
Line of Credit Facility [Line Items]
Stated interest rate							0.0175%
Total long-term debt			$ 258,750				$ 258,750	$ 258,750
Number of equity instruments (in shares) | shares			2,584,578
1.75% convertible notes due 2028 | Convertible Debt
Line of Credit Facility [Line Items]
Stated interest rate			1.75%					1.75%
Debt instrument, effective interest rate							2.14%
Debt discount			$ 56,100					$ 56,100
Unamortized debt discount, difference In aggregate face amount and future cash flows			48,800					48,800
Debt issuance costs, gross			7,300					$ 7,300
Proceeds from convertible notes offering			$ 249,700
Convertible debt conversion ratio			0.0099887
Number of equity instruments (in shares) | shares			2,584,578
Convertible debt conversion price (in USD per share) | $ / shares			$ 100.11					$ 100.11
1.75% convertible notes due 2028 | Convertible Debt | Redemption Period One
Line of Credit Facility [Line Items]
Threshold of trading days | day			20
Threshold of consecutive trading days | day			30
Threshold percentage of stock price trigger			130%
1.75% convertible notes due 2028 | Convertible Debt | Redemption Period Two
Line of Credit Facility [Line Items]
Threshold of trading days | day			5
Threshold of consecutive trading days | day			5
Threshold percentage of stock price trigger			98%
1.75% convertible notes due 2028 | Senior Notes
Line of Credit Facility [Line Items]
Stated interest rate			1.75%					1.75%
Convertible debt face amount			$ 258,750					$ 258,750
4.75% senior notes due 2029
Line of Credit Facility [Line Items]
Stated interest rate							0.0475%
Total long-term debt			350,000				$ 350,000	350,000
4.75% senior notes due 2029 | Redemption Period One
Line of Credit Facility [Line Items]
Redemption price, percent				100%
4.75% senior notes due 2029 | Senior Notes
Line of Credit Facility [Line Items]
Stated interest rate											4.75%
Convertible debt face amount											$ 350,000
Debt instrument, effective interest rate											4.97%
Deferred financing costs											$ 5,100
Debt redemption, change of control				101%
4.75% senior notes due 2029 | Senior Notes | Redemption Period One
Line of Credit Facility [Line Items]
Redemption price, percent				104.75%
4.75% senior notes due 2029 | Maximum | Senior Notes
Line of Credit Facility [Line Items]
Redemption price, percent				40%
7.50% senior notes due 2027
Line of Credit Facility [Line Items]
Redemption price, percent					100%
7.50% senior notes due 2027 | Senior Notes
Line of Credit Facility [Line Items]
Stated interest rate					7.50%
Debt instrument, effective interest rate					7.82%
Debt issuance costs, gross					$ 5,800
Debt redemption, change of control					101%
Redemption price, percent					107.50%
Aggregate principal					$ 300,000
7.50% senior notes due 2027 | Maximum | Senior Notes
Line of Credit Facility [Line Items]
Redemption price, percent					40%
1.00% convertible notes due 2023
Line of Credit Facility [Line Items]
Stated interest rate						1%	0.01%
Number of equity instruments (in shares) | shares						1,962,790
1.00% convertible notes due 2023 | Convertible Debt
Line of Credit Facility [Line Items]
Stated interest rate						1%
Total long-term debt			$ 172,500				$ 172,500	$ 172,500
Convertible debt face amount						$ 172,500
Debt instrument, effective interest rate							1.50%
Debt discount						36,200
Unamortized debt discount, difference In aggregate face amount and future cash flows						31,900
Debt issuance costs, gross						4,300
Proceeds from convertible notes offering						$ 167,500
Convertible debt conversion ratio						0.0113785
Number of equity instruments (in shares) | shares						1,962,790
Convertible debt conversion price (in USD per share) | $ / shares						$ 87.89
1.00% convertible notes due 2023 | Convertible Debt | Redemption Period One
Line of Credit Facility [Line Items]
Threshold of trading days | day						20
Threshold of consecutive trading days | day						30
Threshold percentage of stock price trigger						130%
1.00% convertible notes due 2023 | Convertible Debt | Redemption Period Two
Line of Credit Facility [Line Items]
Threshold of trading days | day						5
Threshold of consecutive trading days | day						5
Threshold percentage of stock price trigger						98%

DEBT - Schedule of Maturities o

DEBT - Schedule of Maturities of Long-term Debt (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 180,000
2024	7,500
2025	13,125
2026	15,000
2027	474,039
Thereafter	608,750
Total	$ 1,298,414

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) $ / shares in Units, $ in Thousands	1 Months Ended		12 Months Ended
	Dec. 31, 2021 USD ($) shares $ / shares	Jan. 31, 2018 USD ($) shares $ / shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2020 USD ($)
Derivative [Line Items]
Proceeds from sale of warrants			$ 0	$ 43,677	$ 0
Designated as Hedging Instrument
Derivative [Line Items]
Payments for derivative instrument	$ 57,400
Proceeds from sale of warrants	$ 43,700
1.75% convertible notes due 2028
Derivative [Line Items]
Stated interest rate			0.0175%
Number of equity instruments (in shares) | shares	2,584,578
Exercise price of warrants or rights (in USD per share) | $ / shares	$ 123.22			$ 123.22
1.75% convertible notes due 2028 | Convertible Debt
Derivative [Line Items]
Stated interest rate	1.75%			1.75%
Number of equity instruments (in shares) | shares	2,584,578
Convertible debt conversion price (in USD per share) | $ / shares	$ 100.11			$ 100.11
1.00% convertible notes due 2023
Derivative [Line Items]
Stated interest rate		1%	0.01%
Number of equity instruments (in shares) | shares		1,962,790
Exercise price of warrants or rights (in USD per share) | $ / shares		$ 113.93
1.00% convertible notes due 2023 | Convertible Debt
Derivative [Line Items]
Stated interest rate		1%
Number of equity instruments (in shares) | shares		1,962,790
Convertible debt conversion price (in USD per share) | $ / shares		$ 87.89
1.00% convertible notes due 2023 | Designated as Hedging Instrument
Derivative [Line Items]
Payments for derivative instrument		$ 31,500
Proceeds from sale of warrants		$ 18,100

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Derivative Assets and Liabilities at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Designated as Hedging Instrument | Interest rate swaps
Derivative [Line Items]
Fair value of derivative liabilities	$ 0	$ 1,017

ACCRUED LIABILITIES - Schedule

ACCRUED LIABILITIES - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Employee compensation and benefits	$ 80,725	$ 82,870
Property taxes	5,777	5,382
Customer incentives	27,719	29,756
Accrued interest	8,807	8,981
Accrued warranty	12,103	13,827
Income tax payable	28,926	28,422
Other	8,538	12,201
Total accrued liabilities	$ 172,595	$ 181,439

ACCRUED LIABILITIES - Schedul_2

ACCRUED LIABILITIES - Schedule of Accrued Warranty Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Beginning balance	$ 13,827	$ 3,872	$ 2,950
Provision	29,918	24,202	11,227
Settlements made (in cash or in kind)	(32,998)	(17,725)	(10,342)
Acquisitions	1,356	3,478	37
Ending balance	$ 12,103	$ 13,827	$ 3,872

INCOME TAXES - Provision for In

INCOME TAXES - Provision for Income Tax Benefit from Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current:
Federal	$ 92,783	$ 57,156	$ 16,627
State	23,724	15,755	8,584
Foreign	56	(61)	9
Total current	116,563	72,850	25,220
Deferred:
Federal	(7,348)	(1,854)	8,344
State	(2,027)	(2,089)	(253)
Foreign	26	0	0
Total deferred	(9,349)	(3,943)	8,091
Income taxes	$ 107,214	$ 68,907	$ 33,311

INCOME TAXES - Effective Income

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Rate applied to pretax income	$ 91,436	$ 61,598	$ 27,377
State taxes, net of federal tax effect	16,715	10,358	6,026
Research and development tax credits	(4,542)	(1,990)	(1,647)
Section 162(m) permanent addback	7,421	5,825	1,951
Excess tax benefit on stock-based compensation	(3,292)	(6,035)	(350)
Other	(524)	(849)	(46)
Income taxes	$ 107,214	$ 68,907	$ 33,311
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Rate applied to pretax income	21%	21%	21%
State taxes, net of federal tax effect	3.80%	3.50%	4.60%
Research and development tax credits	(1.00%)	(0.70%)	(1.30%)
Section 162(m) permanent addback	1.70%	2%	1.50%
Excess tax benefit on stock-based compensation	(0.70%)	(2.10%)	(0.30%)
Other	(0.10%)	(0.30%)	0.10%
Income taxes	24.70%	23.40%	25.60%

INCOME TAXES - Composition of D

INCOME TAXES - Composition of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets
Trade receivables allowance	$ 1,325	$ 1,022
Inventory capitalization	4,454	2,393
Inventory reserves	8,318	6,413
Federal NOL carryforwards	736	997
State NOL carryforwards	572	911
Accrued expenses	27,865	19,793
Deferred compensation	625	578
Operating lease liabilities	41,739	40,751
Share-based compensation	7,921	6,753
Capitalized research & experimentation costs	14,037	0
Total deferred tax assets before valuation allowance	107,592	79,611
Less: valuation allowance	(459)	(712)
Total deferred tax assets, net of valuation allowance	107,133	78,899
Deferred tax liabilities:
Prepaid expenses	(2,939)	(2,955)
Operating lease right-of-use assets	(40,980)	(40,082)
Depreciation expense	(47,050)	(43,124)
Intangibles	(64,012)	(29,422)
Other	(544)	231
Total deferred tax liabilities	(155,525)	(115,352)
Net deferred tax liabilities	$ (48,392)	$ (36,453)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income taxes paid	$ 117,100	$ 46,200	$ 7,900
Operating loss carryforwards	17,600	25,500
Deferred tax assets, net	1,300	1,900
Deferred tax assets, valuation allowance	$ 459	$ 712

STOCK REPURCHASE PROGRAMS - Nar

STOCK REPURCHASE PROGRAMS - Narrative (Details) - Shareholder Repurchase Program $ in Millions	1 Months Ended
	Dec. 31, 2022 USD ($)
Share Repurchase Program [Line Items]
Stock repurchase program, authorized amount	$ 38.2
Board of Directors
Share Repurchase Program [Line Items]
Stock repurchase program, period	24 months
Stock repurchase program, authorized amount	$ 100
Remaining authorized repurchase amount	$ 96.4

STOCK REPURCHASE PROGRAMS - Rep

STOCK REPURCHASE PROGRAMS - Repurchases of Shares Under the Repurchase Plan (Details) - Shareholder Repurchase Program - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (in shares)	1,325,564	612,325	595,805
Average price (in dollars per share)	$ 58.08	$ 79.93	$ 38.78
Average cost	$ 77	$ 48.9	$ 23.1

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 25, 2022	Jun. 26, 2022	Mar. 27, 2022	Dec. 31, 2021	Sep. 26, 2021	Jun. 27, 2021	Mar. 28, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Earnings for basic per share calculation									$ 328,196	$ 224,915	$ 97,061
Effect of interest on potentially dilutive convertible notes, net of tax									1,927	0	0
Earnings for dilutive per share calculation									$ 330,123	$ 224,915	$ 97,061
Weighted average common shares outstanding - basic (in shares)									22,140	22,780	22,730
Weighted average impact of potentially dilutive convertible notes (in shares)									2,059	0	0
Effect of potentially dilutive securities (in shares)									272	575	357
Weighted average common shares outstanding - diluted (in shares)									24,471	23,355	23,087
Earnings per common share:
Basic earnings per common share (in USD per share)	$ 1.85	$ 2.66	$ 5.24	$ 5	$ 2.69	$ 2.52	$ 2.57	$ 2.09	$ 14.82	$ 9.87	$ 4.27
Diluted earnings per common share (in USD per share)	1.68	2.43	4.79	4.54	2.62	2.45	2.52	2.04	13.49	9.63	4.20
Cash dividends paid per common share (in USD per share)	$ 0.45	$ 0.33	$ 0.33	$ 0.33	$ 0.33	$ 0.28	$ 0.28	$ 0.28	$ 1.44	$ 1.17	$ 1.03

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Millions	Dec. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Operating leases not yet commenced	$ 11.3
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Lease term	5 years
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	17 years
Lease term	7 years

LEASES - Lease Expense, Supplem

LEASES - Lease Expense, Supplemental Cash Flow and Other Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease cost	$ 50,674	$ 42,081	$ 34,243
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	49,938	41,061	33,599
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 50,719	$ 78,225	$ 56,526

LEASES - Lease Assets and Liabi

LEASES - Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Operating lease right-of-use assets	$ 163,674	$ 158,183
Liabilities
Operating lease liabilities, current portion	44,235	40,301
Long-term operating lease liabilities	122,471	120,161
Total	$ 166,706	$ 160,462
Weighted average remaining lease term, operating leases (in years)	5 years 1 month 6 days	5 years 1 month 6 days
Weighted average discount rate, operating leases	4.40%	3.80%

LEASES - Operating Lease Liabil

LEASES - Operating Lease Liability Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 50,166
2024	42,155
2025	32,913
2026	23,227
2027	12,350
Thereafter	27,457
Total lease payments	188,268
Less imputed interest	(21,562)
Total	$ 166,706	$ 160,462

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Pretax gain of disposal	$ 5,500	$ 5,560	$ (583)	$ (91)

COMPENSATION PLANS - Narrative

COMPENSATION PLANS - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common shares available for grant (in shares)	1,300,000
Share-based compensation expense	$ 21,800	$ 22,900	$ 16,000
Income tax benefit	5,400	$ 5,800	$ 4,100
Unrecognized compensation cost	$ 21,600
Compensation cost not yet recognized, period for recognition	16 months 6 days
Granted during the year (in shares)	0	0	495,000
Granted during the year (in USD per share)	$ 0	$ 0	$ 42.87
Weighted average remaining contractual term for options outstanding	6 years 1 month 6 days
Weighted average remaining contractual term for options exercisable	5 years 10 months 24 days
Proceeds from exercise of common stock options	$ 195	$ 4,950	$ 643
Aggregate fair value of restricted stock vested and released	6,900	11,600	5,800
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Income tax benefit	0	$ 6,700	$ 0
Unrecognized compensation cost	$ 900
Compensation cost not yet recognized, period for recognition	5 months
Contractual term	9 years		9 years
Granted during the year (in shares)	0	0	495,000
Granted during the year (in USD per share)			$ 42.87
Stock Options | Year One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting rights, percentage			35%
Stock Options | Year Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting rights, percentage			35%
Stock Options | Year Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting rights, percentage			30%
Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 0
Vesting period	4 years
Contractual term	9 years
Granted during the year (in shares)	0	0	0
Share price (in USD per share)	$ 60.60	$ 80.69	$ 68.35
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 20,700
Compensation cost not yet recognized, period for recognition	17 months 27 days
Aggregate fair value of restricted stock vested and released	$ 17,600	$ 11,900	$ 9,300
Minimum | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Minimum | Restricted Stock | Performance Contingent Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Maximum | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
Maximum | Restricted Stock | Performance Contingent Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	7 years
Maximum | Restricted Stock | Time-based Cliff Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	7 years

COMPENSATION PLANS - Summary of

COMPENSATION PLANS - Summary of Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Shares
Outstanding beginning of year (in shares)	368	1,015	536
Forfeited during the year (in shares)	(1)	(32)	(4)
Exercised during the year (in shares)	(5)	(615)	(12)
Outstanding, end of year (in shares)	362	368	1,015
Weighted Average Exercise Price
Outstanding beginning of year (in USD per share)	$ 43.72	$ 43.88	$ 45.11
Granted during the year (in USD per share)	0	0	42.87
Forfeited during the year (in USD per share)	41.33	41.33	53.83
Exercised during the year (in USD per share)	41.33	44.11	53.83
Outstanding, end of year (in USD per share)	$ 43.76	$ 43.72	$ 43.88
Vested Options:
Vested during the year (in shares)	161	248	115
Vested during the year (in USD per share)	$ 42.98	$ 46.70	$ 50.46
Eligible, end of year for exercise (in shares)	223	67	439
Eligible, end of year for exercise (in USD per share)	$ 44.25	$ 47.05	$ 43.19
Aggregate intrinsic value ($ in thousands):
Total options outstanding	$ 6,204	$ 13,593	$ 24,838
Options exercisable	3,716	2,268	11,047
Options exercised	$ 91	$ 26,348	$ 97
Weighted average fair value of options granted during the year (in USD per share)			$ 15.17
Stock Appreciation Rights (SARs)
Shares
Outstanding beginning of year (in shares)	224	485	535
Forfeited during the year (in shares)	0	0	(10)
Exercised during the year (in shares)	0	(261)	(40)
Outstanding, end of year (in shares)	224	224	485
Weighted Average Exercise Price
Outstanding beginning of year (in USD per share)	$ 64.33	$ 56.96	$ 54.53
Forfeited during the year (in USD per share)	0	0	68.01
Exercised during the year (in USD per share)	0	50.63	22.39
Outstanding, end of year (in USD per share)	$ 64.33	$ 64.33	$ 56.96
Vested Options:
Vested during the year (in shares)	0	85	115
Vested during the year (in USD per share)	$ 0	$ 63.86	$ 60.71
Eligible, end of year for exercise (in shares)	224	224	404
Eligible, end of year for exercise (in USD per share)	$ 64.33	$ 64.33	$ 55.58
Aggregate intrinsic value ($ in thousands):
Total options outstanding	$ 383	$ 3,669	$ 6,032
Options exercisable	383	3,669	5,540
Options exercised	$ 0	$ 9,045	$ 1,918

COMPENSATION PLANS - Fair value

COMPENSATION PLANS - Fair value Assumptions (Details)	12 Months Ended
	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend rate	2.37%
Risk-free interest rate	0.65%
Price volatility	42.42%
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected option life (years)	5 years

COMPENSATION PLANS - Summary _2

COMPENSATION PLANS - Summary of Unvested Restricted Stock (Details) - Restricted Stock - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Shares
Unvested beginning of year (in shares)	929	790	738
Granted during the year (in shares)	254	371	309
Vested during the year (in shares)	(408)	(198)	(178)
Forfeited during the year (in shares)	(17)	(34)	(79)
Unvested, end of year (in shares)	758	929	790
Weighted-Average Grant Date Stock Price
Unvested beginning of year (in USD per share)	$ 55.06	$ 50.39	$ 49.65
Granted during the year (in USD per share)	64.62	67.27	55.03
Vested during the year (in USD per share)	43.23	60.05	52.80
Forfeited during the year (in USD per share)	66.30	50.37	55.87
Unvested, end of year (in USD per share)	$ 64.38	$ 55.06	$ 50.39

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	2
Amortization of intangible assets	$ 73,229	$ 56,329	$ 40,868
Manufacturing
Segment Reporting Information [Line Items]
Amortization of intangible assets	62,786	46,684	33,500
Distribution
Segment Reporting Information [Line Items]
Amortization of intangible assets	$ 10,443	$ 9,645	$ 7,400

SEGMENT INFORMATION - Net Incom

SEGMENT INFORMATION - Net Income, Assets and Certain Other Items of Segments (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 25, 2022	Jun. 26, 2022	Mar. 27, 2022	Dec. 31, 2021	Sep. 26, 2021	Jun. 27, 2021	Mar. 28, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 951,915	$ 1,112,089	$ 1,475,693	$ 1,342,175	$ 1,147,479	$ 1,060,177	$ 1,019,953	$ 850,483	$ 4,881,872	$ 4,078,092	$ 2,486,597
Operating income									496,170	351,712	173,373
Total assets	2,782,471				2,650,731				2,782,471	2,650,731
Capital expenditures									79,883	64,804	32,100
Depreciation and amortization									130,757	104,808	73,270
Manufacturing
Segment Reporting Information [Line Items]
Net sales									3,603,766	2,930,466	1,729,451
Distribution
Segment Reporting Information [Line Items]
Net sales									1,278,106	1,147,626	757,146
Intersegment sales
Segment Reporting Information [Line Items]
Net sales									87,137	78,669	41,693
Intersegment sales | Manufacturing
Segment Reporting Information [Line Items]
Net sales									77,646	71,641	36,367
Intersegment sales | Distribution
Segment Reporting Information [Line Items]
Net sales									9,491	7,028	5,326
Operating Segments
Segment Reporting Information [Line Items]
Net sales									4,969,009	4,156,761	2,528,290
Operating income									668,436	486,126	244,894
Total assets	2,710,606				2,496,040				2,710,606	2,496,040
Capital expenditures									71,436	62,573	31,376
Depreciation and amortization									126,204	100,689	69,934
Operating Segments | Manufacturing
Segment Reporting Information [Line Items]
Net sales									3,681,412	3,002,107	1,765,818
Operating income									531,547	379,885	190,518
Total assets	2,302,745				2,031,465				2,302,745	2,031,465
Capital expenditures									67,635	58,700	30,588
Depreciation and amortization									114,782	89,899	61,407
Operating Segments | Distribution
Segment Reporting Information [Line Items]
Net sales									1,287,597	1,154,654	762,472
Operating income									136,889	106,241	54,376
Total assets	$ 407,861				$ 464,575				407,861	464,575
Capital expenditures									3,801	3,873	788
Depreciation and amortization									$ 11,422	$ 10,790	$ 8,527

SEGMENT INFORMATION - Other Rec

SEGMENT INFORMATION - Other Reconciling Items from Segments to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 25, 2022	Jun. 26, 2022	Mar. 27, 2022	Dec. 31, 2021	Sep. 26, 2021	Jun. 27, 2021	Mar. 28, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 951,915	$ 1,112,089	$ 1,475,693	$ 1,342,175	$ 1,147,479	$ 1,060,177	$ 1,019,953	$ 850,483	$ 4,881,872	$ 4,078,092	$ 2,486,597
Operating income									496,170	351,712	173,373
Unallocated corporate expenses									(563,768)	(449,482)	(285,644)
Amortization									(73,229)	(56,329)	(40,868)
Total assets	2,782,471				2,650,731				2,782,471	2,650,731
Corporate assets unallocated to segments	350,572				319,493				350,572	319,493
Depreciation and amortization									130,757	104,808	73,270
Capital expenditures									79,883	64,804	32,100
Operating Segments
Segment Reporting Information [Line Items]
Net sales									4,969,009	4,156,761	2,528,290
Operating income									668,436	486,126	244,894
Total assets	2,710,606				2,496,040				2,710,606	2,496,040
Depreciation and amortization									126,204	100,689	69,934
Capital expenditures									71,436	62,573	31,376
Consolidation, Eliminations
Segment Reporting Information [Line Items]
Net sales									(87,137)	(78,669)	(41,693)
Segment Reconciling Items
Segment Reporting Information [Line Items]
Unallocated corporate expenses									(99,037)	(78,085)	(30,653)
Amortization									(73,229)	(56,329)	(40,868)
Total assets	22,847				122,849				22,847	122,849
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Corporate assets unallocated to segments	$ 49,018				$ 31,842				49,018	31,842
Depreciation and amortization									4,553	4,119	3,336
Capital expenditures									$ 8,447	$ 2,231	$ 724

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Major Customers (Details) - Customer Concentration Risk	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Customer 1 | Net sales
Concentration Risk [Line Items]
Concentration risk, percentage	21%	24%	22%
Customer 1 | Trade receivables
Concentration Risk [Line Items]
Concentration risk, percentage	4%	14%
Customer 2 | Net sales
Concentration Risk [Line Items]
Concentration risk, percentage	17%	18%	17%
Customer 2 | Trade receivables
Concentration Risk [Line Items]
Concentration risk, percentage	6%	12%

QUARTERLY FINANCIAL DATA (UNA_3

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 25, 2022	Jun. 26, 2022	Mar. 27, 2022	Dec. 31, 2021	Sep. 26, 2021	Jun. 27, 2021	Mar. 28, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 951,915	$ 1,112,089	$ 1,475,693	$ 1,342,175	$ 1,147,479	$ 1,060,177	$ 1,019,953	$ 850,483	$ 4,881,872	$ 4,078,092	$ 2,486,597
Gross profit	201,038	236,451	327,104	295,345	227,024	208,161	204,477	161,532	1,059,938	801,194	459,017
Net income	$ 40,180	$ 58,819	$ 116,524	$ 112,673	$ 61,020	$ 57,397	$ 58,985	$ 47,513	$ 328,196	$ 224,915	$ 97,061
Earnings per common share
Basic earnings per common share (in USD per share)	$ 1.85	$ 2.66	$ 5.24	$ 5	$ 2.69	$ 2.52	$ 2.57	$ 2.09	$ 14.82	$ 9.87	$ 4.27
Diluted earnings per common share (in USD per share)	1.68	2.43	4.79	4.54	2.62	2.45	2.52	2.04	13.49	9.63	4.20
Cash dividends paid per common share (in USD per share)	$ 0.45	$ 0.33	$ 0.33	$ 0.33	$ 0.33	$ 0.28	$ 0.28	$ 0.28	$ 1.44	$ 1.17	$ 1.03