Simpson Manufacturing (SSD) 10-Q 7 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Aug. 01, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	1-13429
Entity Registrant Name	Simpson Manufacturing Co., Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3196943
Entity Address, Address	5956 W. Las Positas Blvd.,
Entity Address, City or Town	Pleasanton
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94588
City Area Code	925
Local Phone Number	560-9000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	SSD
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		42,672,848
Entity Central Index Key	0000920371
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Current assets
Cash and cash equivalents	$ 407,982	$ 300,742	$ 246,134
Trade accounts receivable, net	387,917	269,124	375,130
Inventories	523,561	556,801	539,844
Other current assets	53,344	52,583	43,501
Total current assets	1,372,804	1,179,250	1,204,609
Noncurrent assets
Property, plant and equipment, net	375,240	361,555	346,184
Operating lease right-of-use assets	63,358	57,652	48,984
Goodwill	495,065	495,672	492,338
Intangible assets, net	369,649	362,917	357,698
Other noncurrent assets	43,233	46,925	35,655
Total assets	2,719,349	2,503,971	2,485,468
Current liabilities
Trade accounts payable	97,847	97,841	112,968
Accrued liabilities and other current liabilities	276,601	228,222	225,928
Long-term debt, current portion	22,500	22,500	22,500
Total current liabilities	396,948	348,563	361,396
Liabilities, Noncurrent
Operating lease liabilities	51,560	46,882	39,654
Long-term debt, net of issuance costs	544,309	554,539	665,449
Deferred income tax and other long-term liabilities	142,921	140,608	134,331
Total liabilities	1,135,738	1,090,592	1,200,830
Commitments and contingencies (see Note 13)
Stockholders’ equity
Common stock, at par value	426	425	433
Additional paid-in capital	301,612	298,983	293,720
Retained earnings	1,290,686	1,118,030	1,072,959
Treasury stock	0	0	(46,281)
Accumulated other comprehensive loss	(9,113)	(4,059)	(36,193)
Total stockholders’ equity	1,583,611	1,413,379	1,284,638
Total liabilities and stockholders’ equity	$ 2,719,349	$ 2,503,971	$ 2,485,468

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net sales	$ 597,580	$ 593,232	$ 1,132,010	$ 1,086,802
Cost of sales	310,114	333,899	591,669	590,688
Gross profit	287,466	259,333	540,341	496,114
Operating expenses:
Research and development and other engineering	21,538	16,943	42,284	32,809
Selling	50,438	45,074	99,106	81,910
General and administrative	68,767	58,419	132,474	112,192
Total operating expenses	140,743	120,436	273,864	226,911
Acquisition and integration related costs	1,859	5,864	3,301	12,815
Net gain on disposal of assets	(157)	(43)	(207)	(1,126)
Income from operations	145,021	133,076	263,383	257,514
Interest expense, net and other finance costs	(705)	(3,372)	(1,274)	(3,585)
Other & foreign exchange loss, net	357	(1,890)	(42)	(2,107)
Income before taxes	144,673	127,814	262,067	251,822
Provision for income taxes	37,462	34,244	66,903	63,677
Net income	107,211	93,570	195,164	188,145
Other comprehensive income
Translation adjustment	(48)	(27,817)	4,509	(27,819)
Unamortized pension adjustments	180	860	400	689
Cash flow hedge adjustment, net of tax	(5,259)	18,489	(9,963)	8,542
Comprehensive net income	$ 102,084	$ 85,102	$ 190,110	$ 169,557
Net income per common share:
Basic	$ 2.51	$ 2.17	$ 4.58	$ 4.36
Diluted	$ 2.50	$ 2.16	$ 4.55	$ 4.34
Weighted average number of shares outstanding
Basic	42,669	43,145	42,640	43,162
Diluted	42,813	43,240	42,857	43,306
Cash dividends declared per common share	$ 0.27	$ 0.26	$ 0.53	$ 0.51

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	AOCI Including Portion Attributable to Noncontrolling Interest	Treasury Stock, Common
Beginning Balance (in shares) at Dec. 31, 2021		43,217,000
Beginning Balance at Dec. 31, 2021	$ 1,183,998	$ 432	$ 294,330	$ 906,841	$ (17,605)		$ 0
Increase (Decrease) in Stockholders' Equity
Net income	188,145			188,145
Translation adjustment, net of tax	(27,819)				(27,819)
Pension adjustment and other, net of tax	689				689
Cash flow hedges, net of tax	8,542				(8,542)
Stock-based compensation	7,954		7,954
Shares issued from release of Restricted Stock Units (in shares)		137,000
Shares issued from release of Restricted Stock Units	(9,523)	$ 1	(9,524)
Repurchase of common stock (in shares)		(455,000)
Repurchase of common stock	(46,281)						(46,281)
Cash dividends declared on common stock	(22,027)			(22,027)
Common stock issued (in shares)		7,000
Common stock issued	960	$ 0	960
Ending Balance (in shares) at Jun. 30, 2022		42,906,000
Ending Balance at Jun. 30, 2022	1,284,638	$ 433	293,720	1,072,959	(36,193)		(46,281)
Beginning Balance (in shares) at Mar. 31, 2022		43,159,000
Beginning Balance at Mar. 31, 2022	1,231,811	$ 433	289,773	990,611	(27,725)		(21,281)
Increase (Decrease) in Stockholders' Equity
Net income	93,570			93,570
Translation adjustment, net of tax	(27,817)				(27,817)
Pension adjustment and other, net of tax	860				860
Cash flow hedges, net of tax	(18,489)					$ 18,489
Stock-based compensation	3,947		3,947
Shares issued from release of Restricted Stock Units (in shares)		7,000
Shares issued from release of Restricted Stock Units	0	$ 0	0
Repurchase of common stock (in shares)		(260,000)
Repurchase of common stock	(25,000)						(25,000)
Cash dividends declared on common stock	(11,222)			(11,222)
Ending Balance (in shares) at Jun. 30, 2022		42,906,000
Ending Balance at Jun. 30, 2022	1,284,638	$ 433	293,720	1,072,959	(36,193)		(46,281)
Beginning Balance (in shares) at Dec. 31, 2022		42,560,000
Beginning Balance at Dec. 31, 2022	1,413,379	$ 425	298,983	1,118,030	(4,059)		0
Increase (Decrease) in Stockholders' Equity
Net income	195,164			195,164
Translation adjustment, net of tax	4,509				4,509
Pension adjustment and other, net of tax	400				400
Cash flow hedges, net of tax	(9,963)				(9,963)
Stock-based compensation	10,027		10,027
Shares issued from release of Restricted Stock Units (in shares)		113,000
Shares issued from release of Restricted Stock Units	(7,397)	$ 1	(7,398)
Cash dividends declared on common stock	(22,508)			(22,508)
Common stock issued	0
Ending Balance (in shares) at Jun. 30, 2023		42,673,000
Ending Balance at Jun. 30, 2023	1,583,611	$ 426	301,612	1,290,686	(9,113)		0
Beginning Balance (in shares) at Mar. 31, 2023		42,663,000
Beginning Balance at Mar. 31, 2023	1,487,409	$ 426	295,976	1,194,993	(3,986)		0
Increase (Decrease) in Stockholders' Equity
Net income	107,211			107,211
Translation adjustment, net of tax	(48)				(48)
Pension adjustment and other, net of tax	180				180
Cash flow hedges, net of tax	5,259				5,259
Stock-based compensation	5,636		5,636
Shares issued from release of Restricted Stock Units (in shares)		10,000
Shares issued from release of Restricted Stock Units	0	$ 0	0
Cash dividends declared on common stock	(11,518)			(11,518)
Ending Balance (in shares) at Jun. 30, 2023		42,673,000
Ending Balance at Jun. 30, 2023	$ 1,583,611	$ 426	$ 301,612	$ 1,290,686	$ (9,113)		$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per common share	$ 0.27	$ 0.26	$ 0.53	$ 0.51
Common stock issued per share for stock bonus (in USD per share)	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Net income	$ 195,164	$ 188,145
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of assets and other	(489)	(1,126)
Depreciation and amortization	36,045	28,324
Noncash lease expense	6,595	5,430
(Gain) loss in equity method investment, before tax	102	(229)
Deferred income taxes	(6,517)	(4,557)
Noncash compensation related to stock plans	11,164	9,528
Provision for doubtful accounts	459	223
Deferred hedge gain	(2,148)	(693)
Changes in operating assets and liabilities
Trade accounts receivable	(118,922)	(88,635)
Inventories	34,884	(15,203)
Trade accounts payable	672	15,668
Other current assets	(1,416)	(5,834)
Accrued liabilities and other current liabilities	48,971	21,904
Other noncurrent assets and liabilities	(7,324)	(23,730)
Net cash provided by operating activities	197,240	138,451
Cash flows from investing activities
Capital expenditures	(37,918)	(31,829)
Acquisitions, net of cash (see Note 3)	(18,195)	(805,904)
Equity method investments	(663)	(1,170)
Proceeds from sale of property and equipment	183	1,816
Proceeds from Divestiture of Businesses	8,544	0
Terminated forward contract	0	3,535
Net cash used in investing activities	(48,049)	(833,552)
Cash flows from financing activities
Termination of cash flow hedge	0	21,252
Repurchase of common stock	0	(46,281)
Proceeds from borrowing under lines of credit and term loan	265	701,083
Repayments of lines of credit and term loan	(11,705)	(6,600)
Debt issuance costs	0	(6,804)
Dividends paid	(22,158)	(21,596)
Cash paid on behalf of employees for shares withheld	(7,398)	(9,523)
Net cash provided by (used in) financing activities	(40,996)	631,531
Effect of exchange rate changes on cash and cash equivalents	(955)	8,549
Net increase (decrease) in cash and cash equivalents	107,240	(55,021)
Cash and cash equivalents at beginning of period	300,742	301,155
Cash and cash equivalents at end of period	407,982	246,134
Noncash activity during the period
Noncash capital expenditures	1,059	1,082
Dividends declared but not paid	11,518	11,222
Issuance of Company’s common stock for compensation	$ 0	$ 960

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Principles of Consolidation The accompanying Condensed Consolidated Financial Statements include the accounts of Simpson Manufacturing Co., Inc. and its subsidiaries (collectively, the “Company”). Investments in 50% or less owned entities are accounted for using either the cost or the equity method. All significant intercompany transactions have been eliminated. Use of Estimates The preparation of the Condensed Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Management believes that these Condensed Consolidated Financial Statements include all normal and recurring adjustments necessary for a fair presentation under GAAP. Interim Reporting Period The accompanying unaudited quarterly Condensed Consolidated Financial Statements have been prepared in accordance with GAAP pursuant to the rules and regulations for reporting interim financial information and instructions on Form 10-Q. Accordingly, certain information and footnotes required by GAAP have been condensed or omitted. These interim statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “2022 Form 10-K”). The unaudited quarterly Condensed Consolidated Financial Statements have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, contain all adjustments (consisting of only normal recurring adjustments) necessary to state fairly the financial information set forth therein in accordance with GAAP. The year-end Condensed Consolidated Balance Sheet data provided herein were derived from audited consolidated financial statements included in the 2022 Form 10-K, but do not include all disclosures required by GAAP. The Company’s quarterly results fluctuate. As a result, the Company believes the results of operations for the interim periods presented are not necessarily indicative of the results to be expected for any future periods. Revenue Recognition Generally, the Company's revenue contract with a customer exists when (1) the goods are shipped, services are rendered, and the related invoice is generated, (2) the duration of the contract does not extend beyond the promised goods or services already transferred and (3) the transaction price of each distinct promised product or service specified in the invoice is based on its relative stated standalone selling price. The Company recognizes revenue when it satisfies a performance obligation by transferring control of a product to a customer at a point in time. Our shipping terms provide the primary indicator of the transfer of control. The Company's general shipping terms are Incoterm C.P.T. (F.O.B. shipping point), where the title, and risk and rewards of ownership transfer at the point when the products are no longer on the Company's premises. Other Incoterms are allowed as exceptions depending on the product or service being sold and the nature of the sale. The Company recognizes revenue based on the consideration specified in the invoice with a customer, excluding any sales incentives, discounts, and amounts collected on behalf of third parties (i.e., governmental tax authorities). Based on historical experience with the customer, the customer's purchasing pattern, and its significant experience selling products, the Company concluded that a significant reversal in the cumulative amount of revenue recognized would not occur when the uncertainty (if any) is resolved (that is, when the total amount of purchases is known). Refer to Note 2 for additional information. Net Income Per Common Share The Company calculates net income per common share based on the weighted-average number of shares of the Company's common stock outstanding during the period. Potentially dilutive securities are included in the diluted per-share calculations using the treasury stock method for all periods when the effect of their inclusion is dilutive. Accounting for Leases The Company has operating and finance leases for certain facilities, equipment, autos and data centers. As an accounting policy for short-term leases, the Company elected to not recognize a right-of-use ("ROU") asset and liability if, at the commencement date, the lease (1) has a term of 12 months or less and (2) does not include renewal and purchase options that the Company is reasonably certain to exercise. Monthly payments on short-term leases are recognized on a straight-line basis over the full lease term. Accounting for Stock-Based Compensation The Company recognizes stock-based compensation expense related to the estimated fair value of restricted stock awards on a straight-line basis, net of estimated forfeitures, over the requisite service period of the awards, which is generally the vesting term of three or four years. Stock-based expense related to performance share grants are measured based on grant date fair value and expensed on a graded basis over the service period of the awards, which is generally a performance period of three years. The performance conditions are based on the Company's achievement of revenue growth and return on invested capital over the performance period, and are evaluated for the probability of vesting at the end of each reporting period with changes in expected results recognized as an adjustment to expense. The assumptions used to calculate the fair value of restricted stock grants are evaluated and revised, as necessary, to reflect market conditions and the Company’s experience. Fair Value of Financial Instruments Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or a liability. Assets and liabilities recorded at fair value are measured and classified under a three-tier fair valuation hierarchy based on the observability of the inputs available in the market: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument; and Level 3 inputs are unobservable inputs based on the Company’s assumptions used to measure assets and liabilities at fair value. The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The carrying amounts of trade accounts receivable, accounts payable, accrued liabilities and other current liabilities approximate fair value due to the short-term nature of these instruments. The fair values of the Company's interest rate and foreign currency contracts are classified as Level 2 within the fair value hierarchy. The fair values of the Company’s contingent consideration related to acquisitions and equity investments are classified as Level 3 within the fair value hierarchy, as these amounts are based on unobservable inputs developed using management's estimates and entity-specific assumptions, which reflect those that market participants would use, and are evaluated on an ongoing basis. The following tables summarize financial assets and liabilities measured at fair value as of June 30, 2023 and 2022: 2023 2022 (in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash equivalents (1) $ 248.1 $ — $ — $ 42.4 $ — $ — Derivative instruments - assets (2) — 37.9 — — 24.5 — Derivative instruments - liabilities (2) — (18.6) — — (7.9) — Contingent considerations — — 6.5 — — 6.5 1) The carrying amounts of cash equivalents, representing United States Treasury securities and money market funds traded in an active market with relatively short maturities, are reported on the consolidated balance sheet as of June 30, 2023 and 2022 as a component of "Cash and cash equivalents". (2) Derivatives for interest rate, foreign exchange and forward swap contracts are discussed in Note 8. The carrying amounts of the term loan and revolver approximate fair value as of June 30, 2023 based upon its terms and conditions in comparison to debt instruments with similar terms and conditions available on the same date. Derivative Instruments The Company uses derivative instruments as a risk management tool to mitigate the potential impact of certain market risks. Foreign currency and interest rate risk are the primary market risks the Company manages through the use of derivative instruments, which are accounted for as cash flow hedges or net investment hedges under the accounting standards and carried at fair value as other current or noncurrent assets or as other current or other long-term liabilities. Assets and liabilities with the legal right of offset are not offset. Net deferred gains and losses related to changes in fair value of cash flow hedges are included in accumulated other comprehensive income/loss ("OCI"), a component of stockholders' equity, and are reclassified into the line item in the Condensed Consolidated Statement Of Earnings And Comprehensive Income in which the hedged items are recorded in the same period the hedged item affects earnings. The effective portion of gains and losses attributable to net investment hedges is recorded net of tax to OCI to offset the change in the carrying value of the net investment being hedged. Recognition in earnings of amounts previously recorded to OCI are limited to circumstances such as complete or substantially complete liquidation of the net investment in the hedged foreign operation. Changes in fair value of any derivatives that are determined to be ineffective are immediately reclassified from OCI into earnings. Cash and Cash Equivalents The Company classifies investments that are highly liquid and have maturities of three months or less at the date of purchase as cash equivalents. Current Estimated Credit Loss - Allowance for Doubtful Accounts The Company maintains an allowance for doubtful accounts receivable for estimated future expected credit losses resulting from customers' failure to make payments on its accounts receivable. The Company determines the estimate of the allowance for doubtful accounts receivable by considering several factors, including (1) specific information on the financial condition and the current creditworthiness of customers, (2) credit rating, (3) payment history and historical experience, (4) aging of the accounts receivable, (5) reasonable and supportable forecasts about collectability, and (6) current market and economic conditions, and expectations of the future market and economic conditions. The Company also reserves 100% of the amounts deemed uncollectible due to a customer's deteriorating financial condition or bankruptcy. Every quarter, the Company evaluates the collectability based on customer group using the accounts receivable aging report and its best judgment when considering changes in customers' credit ratings, level of delinquency, customers' historical payments and loss experience, current market and economic conditions, and expectations of future market and economic conditions. The changes in the allowance for doubtful accounts receivable for the six months ended June 30, 2023 are outlined in the table below: Balance at Balance at (in thousands) December 31, 2022 Expense (Deductions), net Write-Offs 1 June 30, 2023 Allowance for Doubtful Accounts $ 3,240 459 (88) $ 3,611 1 Amount is net of recoveries and the effect of foreign currency fluctuations. Income Taxes Income taxes are calculated using an asset and liability approach. The provision for income taxes includes federal, state and foreign taxes currently payable and deferred taxes, due to temporary differences between the financial statement and tax bases of assets and liabilities. In addition, future tax benefits are recognized to the extent that realization of such benefits is more likely than not. This method gives consideration to the future tax consequences of the deferred income tax items and immediately recognizes changes in income tax laws in the year of enactment. The Company uses an estimated annual tax rate to measure the tax benefit or tax expense recognized in each interim period. Accounting Standards Not Yet Adopted We believe that all recently issued accounting pronouncements from the Financial Accounting Standards Board ("FASB") do not apply to us or will not have a material impact to the Condensed Consolidated Financial Statements.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers Disaggregated Revenue The Company disaggregates net sales into the following major product groups as described in its segment information included in these interim financial statements under Note 14. Wood Construction Products Revenue . Wood construction products represented approximately 86% and 87% of total net sales for the six months ended June 30, 2023 and 2022, respectively. Concrete Construction Products Revenue. Concrete construction products represented approximately 14% and 13% of total net sales for the six months ended June 30, 2023 and 2022 respectively. Customer Acceptance Criteria. Generally, there are no customer acceptance criteria included in the Company's standard sales agreement with customers. When an arrangement with the customer does not meet the criteria to be accounted for as a revenue contract under the standard, the Company recognizes revenue in the amount of nonrefundable consideration received when the Company has transferred control of the goods or services and has stopped transferring (and has no obligation to transfer) additional goods or services. The Company offers certain customers discounts for paying invoices ahead of the due date, which are generally 30 to 60 days after the issue date. Other Revenue . Service sales, representing after-market repair and maintenance, engineering activities and software license sales and services were less than 0.1% of net sales and recognized as the services are completed or by transferring control over a product to a customer at a point in time. Services may be sold separately or in bundled packages. The typical contract length for a service is generally less than one year. For bundled packages, the Company accounts for individual services separately when they are distinct within the context of the contract. A distinct service is separately identifiable from other items in the bundled package if a customer can benefit from it on its own or with other resources that are readily available to the customer. The consideration (including any discounts) is allocated between separate services in a bundle based on their stand-alone selling prices. The stand-alone selling prices are determined based on the prices at which the Company separately sells the services. Reconciliation of contract balances Contract assets are the rights to consideration in exchange for goods or services that the Company has transferred to a customer when that right is conditional on something other than the passage of time. Contract liabilities are recorded for any services billed to customers and not yet recognizable if the contract period has commenced or for the amount collected from customers in advance of the contract period commencing. As of June 30, 2023, the Company had no contract assets or contract liabilities from contracts with customers .

Acquisitions

Acquisitions	3 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Acquisitions	Acquisition On April 1, 2022, the Company completed its acquisition (the "Acquisition") of 100% of the outstanding equity interest of FIXCO Invest S.A.S. (together with its subsidiaries, "ETANCO") for total purchase consideration of $805.4 million, net of cash acquired. The Acquisition was completed pursuant to the securities purchase agreement dated January 26, 2022, as amended, by and among the Company, Fastco Investment, Fastco Financing, LRLUX and certain other security holders. The purchase price for the Acquisition was paid using cash on hand and borrowings in the amount of $250.0 million under the revolving credit facility and $450.0 million under the term loan facility. ETANCO is a manufacturer and distributor of fastener and fixing products headquartered in France and its primary product applications directly align with the addressable markets in which the Company operates. The Acquisition allows the Company to enter into new commercial building markets such as façades, waterproofing, safety and solar, as well as grow its share of direct business sales in Europe. ETANCO’s results of operations were included in the Company's Condensed Consolidated Financial Statements from April 1, 2022 the acquisition date. ETANCO had net sales of $80.3 million and net loss of $2.0 million, for the three and six months ended June 30, 2022, which includes costs related to the amortization of acquired intangible assets, and expenses incurred for integration. Purchase price allocation The Acquisition was accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification 805, Business Combinations ("ASC 805") which requires, among other things, that assets acquired and liabilities assumed in a business combination be recorded at fair value as of the acquisition date with limited exceptions. The allocation of the $824.4 million purchase price, including cash, to the fair values of the tangible and intangible assets acquired and liabilities assumed is as follows: (in thousands) Amount Cash and cash equivalents $ 19,010 Trade accounts receivable, net 63,607 Inventory 107,185 Other current assets 4,491 Property and equipment, net 89,695 Operating lease right-of-use assets 5,361 Goodwill 365,591 Intangible assets, net 357,327 Other noncurrent assets 2,881 Total assets 1,015,148 Trade accounts payable 46,457 Accrued liabilities and other current liabilities 22,079 Operating lease liabilities 5,176 Deferred income tax and other long-term liabilities 117,031 Total purchase price $ 824,405 Trade accounts receivable, net The gross amount of trade receivables acquired was approximately $67.4 million, of which $63.6 million was estimated to be recoverable based on ETANCO's historical trend for collections. Inventory Acquired inventory primarily consists of raw materials and finished goods consisting of building and construction materials products. The Company adjusted acquired finished goods higher by $10.9 million to estimated fair value based on expected selling prices less a reasonable amount for selling efforts. The fair value adjustment is recognized as a component of cost of sales over the inventory’s expected turnover period, and as a result, $9.2 million of the adjustment was recognized during the three and six months ended June 30, 2022. Property and equipment, net Acquired property and equipment includes land of $22.3 million, buildings and site improvements of $29.4 million, and machinery, equipment, and software of $35.5 million. The estimated fair value of property and equipment was determined primarily using market and/or or cost approach methodologies. The acquired fair value for buildings and site improvements depreciate on a straight-line basis over the estimated useful lives of the assets for a period of up to sixteen years, machinery, equipment and software will depreciate on an accelerated basis over an estimated useful life of three Goodwill The excess of the purchase price over the net assets acquired was recognized as goodwill and relates to the value that is expected from the acquired assembled workforce as well as the increased scale and synergies resulting from the integration of both businesses. The goodwill recognized from the Acquisition is not deductible for local income tax purposes. Goodwill has been allocated to components within the ETANCO reporting unit. Intangible assets, net The estimated fair value of intangible assets acquired was determined primarily using income approach methodologies. The values allocated to intangible assets and the useful lives were as follows: (in thousands, except useful lives) Weighted-average useful life (in years) Amount Customer relationships 15 $ 248,398 Trade names Indefinite 93,811 Developed technology 10 11,256 Patents 8 3,862 $ 357,327 The acquired definite-lived intangible assets are being amortized on a straight-line basis over estimated useful lives, which approximates the pattern in which these assets are utilized. The Company recognized $4.2 million, of amortization expense on these assets during the three and six months ended June 30, 2022. Deferred taxes As a result of the increase in fair value of inventory, property and equipment, and intangible assets, deferred tax liabilities of $104.5 million were recognized, primarily due to intangible assets. Acquisition and integration related costs During the three and six months ended June 30, 2022, the Company incurred acquisition and integration related expenses of $5.9 million and $12.8 million, respectively, for investment banking, legal, accounting, advisory, and consulting fees. These costs were included in the Company’s income from operations. Unaudited pro forma results The following unaudited pro forma combined financial information presents estimated results as if the Company acquired ETANCO on January 1, 2021. The unaudited pro forma financial information as presented below is for informational purposes only and does not purport to actually represent what the Company’s combined results of operations would have been had the Acquisition occurred on January 1, 2021, or what those results will be for any future periods. The following unaudited pro forma consolidated financial information has been prepared using the acquisition method of accounting in accordance with U.S. GAAP: Three Months Ended Six Months Ended (in thousands, except per share amounts) 2022 2022 Net sales $ 593,232 $ 1,165,986 Net income $ 104,823 $ 210,772 Pro forma earnings per common share: Basic $ 2.43 $ 4.88 Diluted $ 2.42 $ 4.87 Weighted average shares outstanding: Basic 43,145 43,162 Diluted 43,240 43,306 The unaudited pro forma results above includes the following adjustments to net income: 1) Acquisition and integration related costs of $5.9 million which were incurred during the three and six months ended June 30, 2022, were adjusted as if such costs were incurred during the twelve months ended December 31, 2021. 2) The $9.2 million of amortization related to the fair value adjustment for inventory and recognized during the three and six months ended June 30, 2022 was adjusted as if incurred during the three months ended March 31, 2021. 3) Net income for ETANCO includes adjustments of $0.4 million to conform ETANCO’s historical financial results prepared under French GAAP to U.S. GAAP for the three and six months ended June 30, 2022. The U.S. GAAP adjustments are primarily related to share-based payments expense on awards that were settled prior to the Acquisition, and costs incurred and capitalized by ETANCO on its historical acquisitions.

Net Income Per Share

Net Income Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Net Income Per Share	Net Income per Share The following shows a reconciliation of basic net earnings per share ("EPS") to diluted EPS: Three Months Ended Six Months Ended (in thousands, except per share amounts) 2023 2022 2023 2022 Net income available to common stockholders $ 107,211 $ 93,570 $ 195,164 $ 188,145 Basic weighted-average shares outstanding 42,669 43,145 42,640 43,162 Dilutive effect of potential common stock equivalents — restricted stock units 144 95 217 144 Diluted weighted-average shares outstanding 42,813 43,240 42,857 43,306 Net earnings per common share: Basic $ 2.51 $ 2.17 $ 4.58 $ 4.36 Diluted $ 2.50 $ 2.16 $ 4.55 $ 4.34

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company allocates stock-based compensation expense amongst cost of sales, research and development and other engineering expense, selling expense, or general and administrative expense based on the job functions performed by the employees to whom the stock-based compensation is awarded. Stock-based compensation capitalized in inventory was immaterial for all periods presented. The Company recognized stock-based compensation expense related to its equity plans for employees of $6.5 million and $4.7 million for the three months ended June 30, 2023 and 2022, respectively, and $11.2 million and $9.5 million for the six months ended June 30, 2023 and 2022, respectively. During the six months ended June 30, 2023, the Company granted 277,793 restricted stock units (RSUs) and performance stock units (PSUs) to the Company's employees, including officers at an estimated weighted average fair value of $99.66 per share based on the closing price (adjusted for the present value of dividends) of the Company's common stock on the grant date. The RSUs and PSUs granted to the Company's employees may be time-based or time and performance-based. Certain of the PSUs are granted to officers and key employees, where the number of performance-based awards to be issued is based on the achievement of certain Company performance criteria established in the award agreement over a cumulative three year period, after which time these awards cliff vest. In addition, these same officers and key employees also receive time-based RSUs, which vest pursuant to a three-year graded vesting schedule. Time-based RSUs that are granted to the Company's employees excluding officers and certain key employees, vest ratably over the four year vesting-term of the award. The Company’s nine non-employee directors are entitled to receive an aggregate of approximately $1.1 million in equity compensation annually. The number of shares ultimately granted are based on the average closing share price for the Company over the 60 day period prior to approval of the award in the second quarter of each year. In April 2023 and June 2023, the Company granted 9,776 shares of the Company's common stock to the non-employee directors, based on the average closing price of $122.50 per share and recognized $1.2 million of expense.

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Trade Accounts Receivable, Net	Trade Accounts Receivable, net Trade accounts receivable consisted of the following: As of June 30, As of December 31, (in thousands) 2023 2022 2022 Trade accounts receivable $ 397,212 $ 382,016 $ 276,229 Allowance for doubtful accounts (3,611) (2,211) (3,240) Allowance for sales discounts and returns (5,684) (4,675) (3,865) $ 387,917 $ 375,130 $ 269,124

Inventories

Inventories	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories are as follows: As of June 30, As of December 31, (in thousands) 2023 2022 2022 Raw materials $ 164,019 $ 193,254 $ 187,149 In-process products 53,883 47,141 55,171 Finished products 305,659 299,449 314,481 $ 523,561 $ 539,844 $ 556,801

Derivative Instruments

Derivative Instruments	3 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company enters into derivative instrument agreements, including forward foreign currency exchange contracts, interest rate swaps, and cross currency swaps to manage risk in connection with changes in foreign currency and interest rates. The Company hedges committed exposures and does not engage in speculative transactions. The Company only enters into derivative instrument agreements with counterparties who have highly rated credit. As of June 30, 2023, the aggregate notional amount of the Company's outstanding interest rate contracts, cross currency swap contracts, EUR forward contract and CNY forward contracts were $571.9 million, $442.3 million, $321.7 million and $5.9 million (CNY40.4 million), respectively. Changes in fair value of any forward contracts that are determined to be ineffective are immediately reclassified from OCI into earnings. There were no amounts recognized due to ineffectiveness during the three and six months ended June 30, 2023 and June 30, 2022. The effects of fair value and cash flow hedge accounting on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the six months ended June 30, were as follows: 2023 2022 (in thousands) Cost of sales Interest expense, net Other & foreign exchange loss, net Cost of sales Interest expense, net Other & foreign exchange loss, net Total amounts of income and expense line items presented in the Condensed Consolidated Statement of Earnings in which the effects of fair value or cash flow hedges are recorded $ 591,669 (1,274) $ (42) 590,688 (3,585) (2,107) The effects of fair value and cash flow hedging Gain or (loss) on cash flow hedging relationships Interest contracts: Amount of gain or (loss) reclassified from OCI to earnings — 7,107 — — (2,978) — Cross currency swap contract Amount of gain or (loss) reclassified from OCI to earnings — 2,605 (5,244) — 1,959 (29,124) Forward contract Amount of gain reclassified from OCI to earnings 80 — — 163 — — The effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the three months ended June 30, 2023 and 2022 were as follows: Cash Flow Hedging Relationships Gain (Loss) Recognized in OCI Location of Gain (Loss) Reclassified from OCI into Earnings Gain (Loss) Reclassified from OCI into Earnings (in thousands) 2023 2022 2023 2022 Interest rate contracts $ 10,589 $ 8,681 Interest expense $ 3,911 $ (2,949) Cross currency contracts (5,739) 30,263 Interest expense 1,266 1,938 Forward contracts (413) — FX gain (loss) (3,429) 32,091 Cost of goods sold 80 — Total $ 4,437 $ 38,944 $ 1,828 $ 31,080 The effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the six months ended June 30, 2023 and 2022 were as follows: Cash Flow Hedging Relationships Gain (Loss) Recognized in OCI Location of Gain (Loss) Reclassified from OCI into Earnings Gain (Loss) Reclassified from OCI into Earnings (in thousands) 2023 2022 2023 2022 Interest rate contracts $ 6,546 $ 6,876 Interest expense $ 7,107 $ (2,978) Cross currency contracts (8,019) 22,715 Interest expense 2,605 1,959 Forward contracts (448) $ — FX gain (loss) (5,244) 29,124 Cost of goods sold 80 163 Total $ (1,921) $ 29,591 $ 4,548 $ 28,268 For the three months ending June 30, 2023 losses on the net investment hedge, and June 30, 2022 gains on net investment hedge of $4.1 million and $18.1 million were included in OCI, respectively. For the three months ending June 30, 2023 and June 30, 2022, excluded gains of $1.3 million and $1.1 million were reclassified from OCI to interest expense, respectively. For the six months ending June 30, 2023 losses on the net investment hedge, and June 30, 2022 gains on net investment hedge of $4.4 million and $11.3 million were included in OCI, respectively. For the six months ending June 30, 2023 and June 30, 2022, excluded gains of $2.5 million and $1.1 million were reclassified from OCI to interest expense, respectively. As of June 30, 2023, the aggregate fair values of the Company’s derivative instruments on the Condensed Consolidated Balance Sheet were comprised of an asset of $37.9 million, of which $19.5 million is included in other current assets, and the balance of $18.4 million as other non-current assets, and of a liability of $18.9 million, of which $0.3 million is included in accrued liabilities and other current liabilities, and the balance of $18.6 million as deferred income tax and other long-term liabilities.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	Property, Plant and Equipment, net Property, plant and equipment consisted of the following: As of June 30, As of December 31, (in thousands) 2023 2022 2022 Land $ 51,558 $ 55,279 $ 50,025 Buildings and site improvements 235,209 223,920 233,123 Leasehold improvements 7,131 6,062 6,367 Machinery, equipment, and software 486,354 443,652 472,907 780,252 728,913 762,422 Less accumulated depreciation and amortization (451,134) (415,029) (432,392) 329,118 313,884 330,030 Capital projects in progress 46,122 32,300 31,525 Total $ 375,240 $ 346,184 $ 361,555

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets, net Goodwill consisted of the following: As of June 30, As of December 31, (in thousands) 2023 2022 2022 North America $ 103,630 $ 96,264 $ 103,572 Europe 390,172 394,761 390,799 Asia/Pacific 1,263 1,313 1,301 Total $ 495,065 $ 492,338 $ 495,672 Intangible assets, net, consisted of the following: As of June 30, 2023 Gross Net Carrying Accumulated Carrying (in thousands) Amount Amortization Amount North America $ 63,269 $ (31,765) $ 31,504 Europe 377,866 (43,748) 334,118 Asia/Pacific 4,224 (197) 4,027 Total $ 445,359 $ (75,710) $ 369,649 As of June 30, 2022 Gross Net (in thousands) Carrying Accumulated Carrying North America $ 46,642 $ (28,063) $ 18,579 Europe 364,241 (25,122) 339,119 Total $ 410,883 $ (53,185) $ 357,698 As of December 31, 2022 Gross Net (in thousands) Carrying Accumulated Carrying North America $ 53,498 $ (29,782) $ 23,716 Europe 373,538 (34,337) 339,201 Total $ 427,036 $ (64,119) $ 362,917 Intangible assets consist of definite-lived and indefinite-lived assets. Definite-lived intangible assets include customer relationships, patents, unpatented technology, and non-compete agreements. Amortization of definite-lived intangible assets was $6.0 million and $5.3 million for the three months ended June 30, 2023 and 2022, respectively, and was $11.6 million and $6.4 million for the six months ended June 30, 2023 and 2022, respectively. The weighted-average amortization period for all amortizable intangibles on a combined basis is 8.8 years. Indefinite-lived intangible assets totaled $92.8 million, $88.9 million, and $91.7 million as of June 30, 2023, and 2022 and December 31, 2022, respectively. At June 30, 2023, the estimated future amortization of definite-lived intangible assets was as follows: (in thousands) Remaining six months of 2023 $ 11,225 2024 22,294 2025 22,069 2026 21,492 2027 21,298 2028 21,077 Thereafter 157,380 $ 276,835 The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2023, were as follows: Intangible (in thousands) Goodwill Assets Balance at December 31, 2022 $ 495,672 $ 362,917 Acquisition — 13,996 Disposal (5,678) — Reclassifications — 46 Amortization — (11,638) Foreign exchange 5,071 4,328 Balance at June 30, 2023 $ 495,065 $ 369,649

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	Leases The Company has operating leases for certain facilities, equipment and automobiles. The existing operating leases expire at various dates through 2027, some of which include options to extend the leases for up to five years. The Company measured the lease liability at the present value of the lease payments to be made over the lease term. The lease payments are discounted using the Company's incremental borrowing rate. The Company measured the ROU assets at the amount at which the lease liability is recognized plus initial direct costs incurred or prepayment amounts. The ROU assets are amortized on a straight-line basis over the lease term. The following table provides a summary of leases included on the Condensed Consolidated Balance Sheets as of June 30, 2023 and 2022 and December 31, 2022, Condensed Consolidated Statements of Earnings and Comprehensive Income, and Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2023 and 2022: Condensed Consolidated Balance Sheets Line Item June 30, December 31, (in thousands) 2023 2022 2022 Operating leases Assets Operating leases Operating lease right-of-use assets $ 63,358 $ 48,984 $ 57,652 Liabilities Operating - current Accrued expenses and other current liabilities $ 12,809 $ 9,831 $ 11,544 Operating - noncurrent Operating lease liabilities 51,560 39,654 46,882 Total operating lease liabilities $ 64,369 $ 49,485 $ 58,426 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ — $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net — (3,556) (3,569) Property and equipment, net Property, plant and equipment, net $ — $ 13 $ — The components of lease expense were as follows: Condensed Consolidated Statements of Earnings and Comprehensive Income Line Item Three Months Ended June 30, (in thousands) 2023 2022 Operating lease cost General administrative expenses and $ 4,192 $ 3,364 Other Information Supplemental cash flow information related to leases is as follows: Three Months Ended June 30, (in thousands) 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 3,932 $ 3,296 Operating right-of-use assets obtained in exchange for lease 8,423 2,936 The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2023: (in thousands) Operating Leases Remaining six months of 2023 $ 7,986 2024 14,612 2025 12,843 2026 10,231 2027 8,198 Thereafter 20,107 Total lease payments 73,977 Less: Present value discount (9,608) Total lease liabilities $ 64,369 The following table summarizes the Company's lease terms and discount rates as of June 30, 2023 and 2022: Weighted-average remaining lease terms (in years): 2023 2022 Operating leases 5.9 6.4 Weighted-average discount rate: Operating leases 4.7 % 4.8 %
Leases	Leases The Company has operating leases for certain facilities, equipment and automobiles. The existing operating leases expire at various dates through 2027, some of which include options to extend the leases for up to five years. The Company measured the lease liability at the present value of the lease payments to be made over the lease term. The lease payments are discounted using the Company's incremental borrowing rate. The Company measured the ROU assets at the amount at which the lease liability is recognized plus initial direct costs incurred or prepayment amounts. The ROU assets are amortized on a straight-line basis over the lease term. The following table provides a summary of leases included on the Condensed Consolidated Balance Sheets as of June 30, 2023 and 2022 and December 31, 2022, Condensed Consolidated Statements of Earnings and Comprehensive Income, and Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2023 and 2022: Condensed Consolidated Balance Sheets Line Item June 30, December 31, (in thousands) 2023 2022 2022 Operating leases Assets Operating leases Operating lease right-of-use assets $ 63,358 $ 48,984 $ 57,652 Liabilities Operating - current Accrued expenses and other current liabilities $ 12,809 $ 9,831 $ 11,544 Operating - noncurrent Operating lease liabilities 51,560 39,654 46,882 Total operating lease liabilities $ 64,369 $ 49,485 $ 58,426 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ — $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net — (3,556) (3,569) Property and equipment, net Property, plant and equipment, net $ — $ 13 $ — The components of lease expense were as follows: Condensed Consolidated Statements of Earnings and Comprehensive Income Line Item Three Months Ended June 30, (in thousands) 2023 2022 Operating lease cost General administrative expenses and $ 4,192 $ 3,364 Other Information Supplemental cash flow information related to leases is as follows: Three Months Ended June 30, (in thousands) 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 3,932 $ 3,296 Operating right-of-use assets obtained in exchange for lease 8,423 2,936 The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2023: (in thousands) Operating Leases Remaining six months of 2023 $ 7,986 2024 14,612 2025 12,843 2026 10,231 2027 8,198 Thereafter 20,107 Total lease payments 73,977 Less: Present value discount (9,608) Total lease liabilities $ 64,369 The following table summarizes the Company's lease terms and discount rates as of June 30, 2023 and 2022: Weighted-average remaining lease terms (in years): 2023 2022 Operating leases 5.9 6.4 Weighted-average discount rate: Operating leases 4.7 % 4.8 %

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt As of June 30, 2023, the Company has $571.9 million, excluding deferred financing costs, outstanding under its Amended and Restated Credit Facility. The Company had outstanding balances of $694.4 million and $583.2 million under the Amended and Restated Credit Facility as of June 30, 2022, and December 31, 2022, respectively. The following is a schedule, by years, of maturities for the remaining term loan facility as of June 30, 2023: (in thousands) 5-Year Term Loan Remaining six months of 2023 $ 11,250 2024 22,500 2025 22,500 2026 22,500 2027 343,125 Total loan outstanding $ 421,875 The $150.0 million outstanding under the revolving credit facility is due on March 31, 2027. The Company was in compliance with its financial covenants under the Amended and Restated Credit Facility as of June 30, 2023. Certain of the Company's domestic subsidiaries are guarantors for a credit agreement between certain of its foreign subsidiaries and institutional lenders that is in addition to the Amended and Restated Credit Facility. As of June 30, 2023, all of the Company's credit facilities provide a total of $306.1 million in available borrowing capacity and an irrevocable standby letter of credit in support of various insurance deductibles.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Environmental The Company’s policy with regard to environmental liabilities is to accrue for future environmental assessments and remediation costs when information becomes available that indicates that it is probable that the Company is liable for any related claims and assessments and the amount of the liability is reasonably estimable. The Company does not believe that any such matters will have a material adverse effect on the Company’s financial condition, cash flows or results of operations. Litigation and Potential Claims From time to time, the Company is involved in various legal proceedings and other matters arising in the normal course of business. Corrosion, hydrogen embrittlement, cracking, material hardness, wood pressure-treating chemicals, misinstallations, misuse, design and assembly flaws, manufacturing defects, labeling defects, product formula defects, inaccurate chemical mixes, adulteration, environmental conditions, or other factors can contribute to failure of fasteners, connectors, anchors, adhesives, specialty chemicals, such as fiber reinforced polymers, and tool products. In addition, inaccuracies may occur in product information, descriptions and instructions found in catalogs, packaging, data sheets, and the Company’s website. The resolution of any claim or litigation is subject to inherent uncertainty and could have a material adverse effect on the Company’s financial condition, cash flows or results of operations.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is organized into three reporting segments defined by the regions where the Company’s products are manufactured, marketed and distributed to its customers. The three reporting segments are the North America segment (comprised primarily of the Company’s operations in the U.S. and Canada), the Europe segment, which includes ETANCO, and the Asia/Pacific segment (comprised of the Company’s operations in Asia and the South Pacific), These segments are similar in several ways, including the types of materials used, the production processes, the distribution channels and the product applications. The Administrative & All Other line item primarily includes expenses such as self-insured workers compensation claims for employees, stock-based compensation for certain members of management, interest expense, foreign exchange gains or losses and income tax expense, as well as revenues and expenses related to real estate activities. The following tables illustrate certain measurements used by management to assess the performance of its reportable segments as of or the following periods: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2023 2022 2023 2022 Net Sales North America $ 465,467 $ 456,410 $ 871,797 $ 895,140 Europe 127,817 133,238 252,031 184,689 Asia/Pacific 4,296 3,584 8,182 6,973 Total $ 597,580 $ 593,232 $ 1,132,010 $ 1,086,802 Sales to Other Segments* North America $ 1,524 $ 1,441 $ 2,692 $ 2,575 Europe 1,459 1,271 3,072 2,955 Asia/Pacific 7,956 7,940 13,858 16,506 Total $ 10,939 $ 10,652 $ 19,622 $ 22,036 Income (Loss) from Operations North America $ 143,430 $ 137,291 $ 257,823 $ 273,064 Europe 13,974 5,560 27,444 4,189 Asia/Pacific 379 100 241 664 Administrative and all other (12,762) (9,875) (22,125) (20,403) Total $ 145,021 $ 133,076 $ 263,383 $ 257,514 * Sales to other segments are eliminated in consolidation. At As of June 30, December 31, (in thousands) 2023 2022 2022 Total Assets North America $ 1,570,275 $ 1,225,176 $ 1,393,968 Europe 702,740 689,621 675,634 Asia/Pacific 35,604 34,981 34,599 Administrative and all other 410,730 535,690 399,770 Total $ 2,719,349 $ 2,485,468 $ 2,503,971 Cash collected by the Company’s U.S. subsidiaries is routinely transferred into the Company’s cash management accounts and, therefore is in the total assets of “Administrative and all other.” Cash and cash equivalent balances in the “Administrative and all other” segment were $326.5 million, $167.4 million, and $222.5 million, as of June 30, 2023 and 2022, and December 31, 2022, respectively. Also included in the total assets of "Administrative and all other" are intercompany borrowings due from the Europe segment. Included in the total assets of each segment are net intercompany borrowings due to and from the other segments. The Company’s wood construction products include connectors, truss plates, fastening systems, fasteners and pre-fabricated shearwalls that are used for connecting and strengthening wood-based construction primarily in residential and commercial construction. Its concrete construction products include adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools and reinforcing fiber materials that are used for restoration, protection or strengthening concrete, masonry and steel construction in residential, industrial, commercial and infrastructure construction. The table below illustrates the distribution of the Company’s sales by product group as additional information for the following periods: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2023 2022 2023 2022 Wood construction products $ 515,378 $ 514,832 $ 970,137 $ 950,191 Concrete construction products 81,319 78,209 157,990 136,185 Other 883 191 3,883 426 Total $ 597,580 $ 593,232 $ 1,132,010 $ 1,086,802

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declared On July 28, 2023, the Company’s Board of Directors (the "Board") declared a quarterly cash dividend of $0.27 per share, estimated to be $11.5 million in total. The dividend will be payable on October 26, 2023, to the Company's stockholders of record on October 5, 2023.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation		Principles of Consolidation The accompanying Condensed Consolidated Financial Statements include the accounts of Simpson Manufacturing Co., Inc. and its subsidiaries (collectively, the “Company”). Investments in 50% or less owned entities are accounted for using either the cost or the equity method. All significant intercompany transactions have been eliminated.
Use of Estimates		Use of Estimates
Interim Period Reporting		Interim Reporting Period The accompanying unaudited quarterly Condensed Consolidated Financial Statements have been prepared in accordance with GAAP pursuant to the rules and regulations for reporting interim financial information and instructions on Form 10-Q. Accordingly, certain information and footnotes required by GAAP have been condensed or omitted. These interim statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “2022 Form 10-K”). The unaudited quarterly Condensed Consolidated Financial Statements have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, contain all adjustments (consisting of only normal recurring adjustments) necessary to state fairly the financial information set forth therein in accordance with GAAP. The year-end Condensed Consolidated Balance Sheet data provided herein were derived from audited consolidated financial statements included in the 2022 Form 10-K, but do not include all disclosures required by GAAP. The Company’s quarterly results fluctuate. As a result, the Company believes the results of operations for the interim periods presented are not necessarily indicative of the results to be expected for any future periods.
Revenue Recognition		Revenue Recognition
Net Income Per Common Share		Net Income Per Common Share The Company calculates net income per common share based on the weighted-average number of shares of the Company's common stock outstanding during the period. Potentially dilutive securities are included in the diluted per-share calculations using the treasury stock method for all periods when the effect of their inclusion is dilutive.
Accounting for Leases		Accounting for Leases The Company has operating and finance leases for certain facilities, equipment, autos and data centers. As an accounting policy for short-term leases, the Company elected to not recognize a right-of-use ("ROU") asset and liability if, at the commencement date, the lease (1) has a term of 12 months or less and (2) does not include renewal and purchase options that the Company is reasonably certain to exercise. Monthly payments on short-term leases are recognized on a straight-line basis over the full lease term.
Equity Investments
Fair Value of Financial Instruments		Fair Value of Financial Instruments Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or a liability. Assets and liabilities recorded at fair value are measured and classified under a three-tier fair valuation hierarchy based on the observability of the inputs available in the market: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument; and Level 3 inputs are unobservable inputs based on the Company’s assumptions used to measure assets and liabilities at fair value. The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The carrying amounts of trade accounts receivable, accounts payable, accrued liabilities and other current liabilities approximate fair value due to the short-term nature of these instruments. The fair values of the Company's interest rate and foreign currency contracts are classified as Level 2 within the fair value hierarchy. The fair values of the Company’s contingent consideration related to acquisitions and equity investments are classified as Level 3 within the fair value hierarchy, as these amounts are based on unobservable inputs developed using management's estimates and entity-specific assumptions, which reflect those that market participants would use, and are evaluated on an ongoing basis. The following tables summarize financial assets and liabilities measured at fair value as of June 30, 2023 and 2022: 2023 2022 (in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash equivalents (1) $ 248.1 $ — $ — $ 42.4 $ — $ — Derivative instruments - assets (2) — 37.9 — — 24.5 — Derivative instruments - liabilities (2) — (18.6) — — (7.9) — Contingent considerations — — 6.5 — — 6.5
Derivative Instruments - Foreign Currency Contracts		Derivative Instruments The Company uses derivative instruments as a risk management tool to mitigate the potential impact of certain market risks. Foreign currency and interest rate risk are the primary market risks the Company manages through the use of derivative instruments, which are accounted for as cash flow hedges or net investment hedges under the accounting standards and carried at fair value as other current or noncurrent assets or as other current or other long-term liabilities. Assets and liabilities with the legal right of offset are not offset. Net deferred gains and losses related to changes in fair value of cash flow hedges are included in accumulated other comprehensive income/loss ("OCI"), a component of stockholders' equity, and are reclassified into the line item in the Condensed Consolidated Statement Of Earnings And Comprehensive Income in which the hedged items are recorded in the same period the hedged item affects earnings. The effective portion of gains and losses attributable to net investment hedges is recorded net of tax to OCI to offset the change in the carrying value of the net investment being hedged. Recognition in earnings of amounts previously recorded to OCI are limited to circumstances such as complete or substantially complete liquidation of the net investment in the hedged foreign operation. Changes in fair value of any derivatives that are determined to be ineffective are immediately reclassified from OCI into earnings.
Cash and Cash Equivalents		Cash and Cash EquivalentsThe Company classifies investments that are highly liquid and have maturities of three months or less at the date of purchase as cash equivalents.
Current Estimated Credit Loss - Allowance for Doubtful Accounts		Current Estimated Credit Loss - Allowance for Doubtful Accounts The Company maintains an allowance for doubtful accounts receivable for estimated future expected credit losses resulting from customers' failure to make payments on its accounts receivable. The Company determines the estimate of the allowance for doubtful accounts receivable by considering several factors, including (1) specific information on the financial condition and the current creditworthiness of customers, (2) credit rating, (3) payment history and historical experience, (4) aging of the accounts receivable, (5) reasonable and supportable forecasts about collectability, and (6) current market and economic conditions, and expectations of the future market and economic conditions. The Company also reserves 100% of the amounts deemed uncollectible due to a customer's deteriorating financial condition or bankruptcy. Every quarter, the Company evaluates the collectability based on customer group using the accounts receivable aging report and its best judgment when considering changes in customers' credit ratings, level of delinquency, customers' historical payments and loss experience, current market and economic conditions, and expectations of future market and economic conditions. The changes in the allowance for doubtful accounts receivable for the six months ended June 30, 2023 are outlined in the table below: Balance at Balance at (in thousands) December 31, 2022 Expense (Deductions), net Write-Offs 1 June 30, 2023 Allowance for Doubtful Accounts $ 3,240 459 (88) $ 3,611 1 Amount is net of recoveries and the effect of foreign currency fluctuations.
Income Taxes		Income Taxes Income taxes are calculated using an asset and liability approach. The provision for income taxes includes federal, state and foreign taxes currently payable and deferred taxes, due to temporary differences between the financial statement and tax bases of assets and liabilities. In addition, future tax benefits are recognized to the extent that realization of such benefits is more likely than not. This method gives consideration to the future tax consequences of the deferred income tax items and immediately recognizes changes in income tax laws in the year of enactment. The Company uses an estimated annual tax rate to measure the tax benefit or tax expense recognized in each interim period.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards Not Yet Adopted		Accounting Standards Not Yet Adopted We believe that all recently issued accounting pronouncements from the Financial Accounting Standards Board ("FASB") do not apply to us or will not have a material impact to the Condensed Consolidated Financial Statements.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fair Value, by Balance Sheet Grouping	The following tables summarize financial assets and liabilities measured at fair value as of June 30, 2023 and 2022: 2023 2022 (in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash equivalents (1) $ 248.1 $ — $ — $ 42.4 $ — $ — Derivative instruments - assets (2) — 37.9 — — 24.5 — Derivative instruments - liabilities (2) — (18.6) — — (7.9) — Contingent considerations — — 6.5 — — 6.5 1) The carrying amounts of cash equivalents, representing United States Treasury securities and money market funds traded in an active market with relatively short maturities, are reported on the consolidated balance sheet as of June 30, 2023 and 2022 as a component of "Cash and cash equivalents". (2) Derivatives for interest rate, foreign exchange and forward swap contracts are discussed in Note 8. The carrying amounts of the term loan and revolver approximate fair value as of June 30, 2023 based upon its terms and conditions in comparison to debt instruments with similar terms and conditions available on the same date.
Accounts Receivable, Allowance for Credit Loss	The changes in the allowance for doubtful accounts receivable for the six months ended June 30, 2023 are outlined in the table below: Balance at Balance at (in thousands) December 31, 2022 Expense (Deductions), net Write-Offs 1 June 30, 2023 Allowance for Doubtful Accounts $ 3,240 459 (88) $ 3,611 1 Amount is net of recoveries and the effect of foreign currency fluctuations.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The allocation of the $824.4 million purchase price, including cash, to the fair values of the tangible and intangible assets acquired and liabilities assumed is as follows: (in thousands) Amount Cash and cash equivalents $ 19,010 Trade accounts receivable, net 63,607 Inventory 107,185 Other current assets 4,491 Property and equipment, net 89,695 Operating lease right-of-use assets 5,361 Goodwill 365,591 Intangible assets, net 357,327 Other noncurrent assets 2,881 Total assets 1,015,148 Trade accounts payable 46,457 Accrued liabilities and other current liabilities 22,079 Operating lease liabilities 5,176 Deferred income tax and other long-term liabilities 117,031 Total purchase price $ 824,405 The estimated fair value of intangible assets acquired was determined primarily using income approach methodologies. The values allocated to intangible assets and the useful lives were as follows: (in thousands, except useful lives) Weighted-average useful life (in years) Amount Customer relationships 15 $ 248,398 Trade names Indefinite 93,811 Developed technology 10 11,256 Patents 8 3,862 $ 357,327
Business Acquisition, Pro Forma Information	The following unaudited pro forma consolidated financial information has been prepared using the acquisition method of accounting in accordance with U.S. GAAP: Three Months Ended Six Months Ended (in thousands, except per share amounts) 2022 2022 Net sales $ 593,232 $ 1,165,986 Net income $ 104,823 $ 210,772 Pro forma earnings per common share: Basic $ 2.43 $ 4.88 Diluted $ 2.42 $ 4.87 Weighted average shares outstanding: Basic 43,145 43,162 Diluted 43,240 43,306

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following shows a reconciliation of basic net earnings per share ("EPS") to diluted EPS: Three Months Ended Six Months Ended (in thousands, except per share amounts) 2023 2022 2023 2022 Net income available to common stockholders $ 107,211 $ 93,570 $ 195,164 $ 188,145 Basic weighted-average shares outstanding 42,669 43,145 42,640 43,162 Dilutive effect of potential common stock equivalents — restricted stock units 144 95 217 144 Diluted weighted-average shares outstanding 42,813 43,240 42,857 43,306 Net earnings per common share: Basic $ 2.51 $ 2.17 $ 4.58 $ 4.36 Diluted $ 2.50 $ 2.16 $ 4.55 $ 4.34

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Schedule of trade accounts receivable, net	As of June 30, As of December 31, (in thousands) 2023 2022 2022 Trade accounts receivable $ 397,212 $ 382,016 $ 276,229 Allowance for doubtful accounts (3,611) (2,211) (3,240) Allowance for sales discounts and returns (5,684) (4,675) (3,865) $ 387,917 $ 375,130 $ 269,124

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Schedule of carrying values of inventories	As of June 30, As of December 31, (in thousands) 2023 2022 2022 Raw materials $ 164,019 $ 193,254 $ 187,149 In-process products 53,883 47,141 55,171 Finished products 305,659 299,449 314,481 $ 523,561 $ 539,844 $ 556,801

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments, Gain (Loss)	The effects of fair value and cash flow hedge accounting on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the six months ended June 30, were as follows: 2023 2022 (in thousands) Cost of sales Interest expense, net Other & foreign exchange loss, net Cost of sales Interest expense, net Other & foreign exchange loss, net Total amounts of income and expense line items presented in the Condensed Consolidated Statement of Earnings in which the effects of fair value or cash flow hedges are recorded $ 591,669 (1,274) $ (42) 590,688 (3,585) (2,107) The effects of fair value and cash flow hedging Gain or (loss) on cash flow hedging relationships Interest contracts: Amount of gain or (loss) reclassified from OCI to earnings — 7,107 — — (2,978) — Cross currency swap contract Amount of gain or (loss) reclassified from OCI to earnings — 2,605 (5,244) — 1,959 (29,124) Forward contract Amount of gain reclassified from OCI to earnings 80 — — 163 — — The effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the three months ended June 30, 2023 and 2022 were as follows: Cash Flow Hedging Relationships Gain (Loss) Recognized in OCI Location of Gain (Loss) Reclassified from OCI into Earnings Gain (Loss) Reclassified from OCI into Earnings (in thousands) 2023 2022 2023 2022 Interest rate contracts $ 10,589 $ 8,681 Interest expense $ 3,911 $ (2,949) Cross currency contracts (5,739) 30,263 Interest expense 1,266 1,938 Forward contracts (413) — FX gain (loss) (3,429) 32,091 Cost of goods sold 80 — Total $ 4,437 $ 38,944 $ 1,828 $ 31,080 The effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Comprehensive Income for the six months ended June 30, 2023 and 2022 were as follows: Cash Flow Hedging Relationships Gain (Loss) Recognized in OCI Location of Gain (Loss) Reclassified from OCI into Earnings Gain (Loss) Reclassified from OCI into Earnings (in thousands) 2023 2022 2023 2022 Interest rate contracts $ 6,546 $ 6,876 Interest expense $ 7,107 $ (2,978) Cross currency contracts (8,019) 22,715 Interest expense 2,605 1,959 Forward contracts (448) $ — FX gain (loss) (5,244) 29,124 Cost of goods sold 80 163 Total $ (1,921) $ 29,591 $ 4,548 $ 28,268

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	As of June 30, As of December 31, (in thousands) 2023 2022 2022 Land $ 51,558 $ 55,279 $ 50,025 Buildings and site improvements 235,209 223,920 233,123 Leasehold improvements 7,131 6,062 6,367 Machinery, equipment, and software 486,354 443,652 472,907 780,252 728,913 762,422 Less accumulated depreciation and amortization (451,134) (415,029) (432,392) 329,118 313,884 330,030 Capital projects in progress 46,122 32,300 31,525 Total $ 375,240 $ 346,184 $ 361,555

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill, by segment	Goodwill consisted of the following: As of June 30, As of December 31, (in thousands) 2023 2022 2022 North America $ 103,630 $ 96,264 $ 103,572 Europe 390,172 394,761 390,799 Asia/Pacific 1,263 1,313 1,301 Total $ 495,065 $ 492,338 $ 495,672
Schedule of net intangible assets, by segment	ntangible assets, net, consisted of the following: As of June 30, 2023 Gross Net Carrying Accumulated Carrying (in thousands) Amount Amortization Amount North America $ 63,269 $ (31,765) $ 31,504 Europe 377,866 (43,748) 334,118 Asia/Pacific 4,224 (197) 4,027 Total $ 445,359 $ (75,710) $ 369,649 As of June 30, 2022 Gross Net (in thousands) Carrying Accumulated Carrying North America $ 46,642 $ (28,063) $ 18,579 Europe 364,241 (25,122) 339,119 Total $ 410,883 $ (53,185) $ 357,698 As of December 31, 2022 Gross Net (in thousands) Carrying Accumulated Carrying North America $ 53,498 $ (29,782) $ 23,716 Europe 373,538 (34,337) 339,201 Total $ 427,036 $ (64,119) $ 362,917
Schedule of estimated future amortization of intangible assets	At June 30, 2023, the estimated future amortization of definite-lived intangible assets was as follows: (in thousands) Remaining six months of 2023 $ 11,225 2024 22,294 2025 22,069 2026 21,492 2027 21,298 2028 21,077 Thereafter 157,380 $ 276,835
Changes in the carrying amount of goodwill and intangible assets	The changes in the carrying amount of goodwill and intangible assets for the six months ended June 30, 2023, were as follows: Intangible (in thousands) Goodwill Assets Balance at December 31, 2022 $ 495,672 $ 362,917 Acquisition — 13,996 Disposal (5,678) — Reclassifications — 46 Amortization — (11,638) Foreign exchange 5,071 4,328 Balance at June 30, 2023 $ 495,065 $ 369,649

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Balance Sheet Information	The following table provides a summary of leases included on the Condensed Consolidated Balance Sheets as of June 30, 2023 and 2022 and December 31, 2022, Condensed Consolidated Statements of Earnings and Comprehensive Income, and Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2023 and 2022: Condensed Consolidated Balance Sheets Line Item June 30, December 31, (in thousands) 2023 2022 2022 Operating leases Assets Operating leases Operating lease right-of-use assets $ 63,358 $ 48,984 $ 57,652 Liabilities Operating - current Accrued expenses and other current liabilities $ 12,809 $ 9,831 $ 11,544 Operating - noncurrent Operating lease liabilities 51,560 39,654 46,882 Total operating lease liabilities $ 64,369 $ 49,485 $ 58,426 Finance leases Assets Property and equipment, gross Property, plant and equipment, net $ — $ 3,569 $ 3,569 Accumulated amortization Property, plant and equipment, net — (3,556) (3,569) Property and equipment, net Property, plant and equipment, net $ — $ 13 $ —
Lease, Cost	The components of lease expense were as follows: Condensed Consolidated Statements of Earnings and Comprehensive Income Line Item Three Months Ended June 30, (in thousands) 2023 2022 Operating lease cost General administrative expenses and $ 4,192 $ 3,364 Other Information Supplemental cash flow information related to leases is as follows: Three Months Ended June 30, (in thousands) 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 3,932 $ 3,296 Operating right-of-use assets obtained in exchange for lease 8,423 2,936 The following table summarizes the Company's lease terms and discount rates as of June 30, 2023 and 2022: Weighted-average remaining lease terms (in years): 2023 2022 Operating leases 5.9 6.4 Weighted-average discount rate: Operating leases 4.7 % 4.8 %
Operating Lease, Liability, Maturity	The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2023: (in thousands) Operating Leases Remaining six months of 2023 $ 7,986 2024 14,612 2025 12,843 2026 10,231 2027 8,198 Thereafter 20,107 Total lease payments 73,977 Less: Present value discount (9,608) Total lease liabilities $ 64,369
Finance Lease, Liability, Maturity	The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2023: (in thousands) Operating Leases Remaining six months of 2023 $ 7,986 2024 14,612 2025 12,843 2026 10,231 2027 8,198 Thereafter 20,107 Total lease payments 73,977 Less: Present value discount (9,608) Total lease liabilities $ 64,369

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Maturities of Long-term Debt	The following is a schedule, by years, of maturities for the remaining term loan facility as of June 30, 2023: (in thousands) 5-Year Term Loan Remaining six months of 2023 $ 11,250 2024 22,500 2025 22,500 2026 22,500 2027 343,125 Total loan outstanding $ 421,875

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of performance of reportable segments	The following tables illustrate certain measurements used by management to assess the performance of its reportable segments as of or the following periods: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2023 2022 2023 2022 Net Sales North America $ 465,467 $ 456,410 $ 871,797 $ 895,140 Europe 127,817 133,238 252,031 184,689 Asia/Pacific 4,296 3,584 8,182 6,973 Total $ 597,580 $ 593,232 $ 1,132,010 $ 1,086,802 Sales to Other Segments* North America $ 1,524 $ 1,441 $ 2,692 $ 2,575 Europe 1,459 1,271 3,072 2,955 Asia/Pacific 7,956 7,940 13,858 16,506 Total $ 10,939 $ 10,652 $ 19,622 $ 22,036 Income (Loss) from Operations North America $ 143,430 $ 137,291 $ 257,823 $ 273,064 Europe 13,974 5,560 27,444 4,189 Asia/Pacific 379 100 241 664 Administrative and all other (12,762) (9,875) (22,125) (20,403) Total $ 145,021 $ 133,076 $ 263,383 $ 257,514 * Sales to other segments are eliminated in consolidation. At As of June 30, December 31, (in thousands) 2023 2022 2022 Total Assets North America $ 1,570,275 $ 1,225,176 $ 1,393,968 Europe 702,740 689,621 675,634 Asia/Pacific 35,604 34,981 34,599 Administrative and all other 410,730 535,690 399,770 Total $ 2,719,349 $ 2,485,468 $ 2,503,971
Schedule of net sales distributed by product group	The table below illustrates the distribution of the Company’s sales by product group as additional information for the following periods: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2023 2022 2023 2022 Wood construction products $ 515,378 $ 514,832 $ 970,137 $ 950,191 Concrete construction products 81,319 78,209 157,990 136,185 Other 883 191 3,883 426 Total $ 597,580 $ 593,232 $ 1,132,010 $ 1,086,802

Basis of Presentation - Account

Basis of Presentation - Accounting for Stock-based Compensation (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Vesting period	60 days	4 years
Performance period		3 years

Basis of Presentation - Cash an

Basis of Presentation - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative instruments, assets and liabilities	$ (0.3)
Fair Value, Inputs, Level 1
Cash and Cash Equivalents [Abstract]
Fair value of cash and cash equivalents	248.1	$ 42.4
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of cash and cash equivalents	248.1	42.4
Contingent considerations	0	0
Fair Value, Inputs, Level 1 | Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative instruments, assets and liabilities	0	0
Fair Value, Inputs, Level 1 | Derivative Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative instruments, assets and liabilities	0	0
Fair Value, Inputs, Level 2
Cash and Cash Equivalents [Abstract]
Fair value of cash and cash equivalents	0	0
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of cash and cash equivalents	0	0
Contingent considerations	0	0
Fair Value, Inputs, Level 2 | Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative instruments, assets and liabilities	18.9	7.9
Fair Value, Inputs, Level 2 | Derivative Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative instruments, assets and liabilities		(24.5)
Fair Value, Inputs, Level 2 | Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving loan	150
Fair Value, Inputs, Level 3
Cash and Cash Equivalents [Abstract]
Fair value of cash and cash equivalents	0
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of cash and cash equivalents	0
Contingent considerations	6.5	$ 6.5
Fair Value, Inputs, Level 3 | Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative instruments, assets and liabilities	0
Fair Value, Inputs, Level 3 | Derivative Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative instruments, assets and liabilities	$ 0

Basis of Presentation - Accou_2

Basis of Presentation - Accounts Receivable, Allowance for Credit Loss (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Percentage of uncollectible accounts receivable	100%
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for doubtful accounts, beginning balance	$ 3,240
Expense (Deductions), net	459
Write-Offs	(88)
Allowance for doubtful accounts, ending balance	$ 3,611

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Details) - ASC 606	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Wood construction products
Disaggregation of Revenue [Line Items]
Percentage of net sales		86%	87%
Concrete construction products
Disaggregation of Revenue [Line Items]
Percentage of net sales		14%	13%
Other
Disaggregation of Revenue [Line Items]
Percentage of net sales	0.10%

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		9 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2022	Apr. 01, 2022
Acquisitions
Acquisition					$ 13,996
Amortization of Intangible Assets	$ 6,000			$ 5,300	11,638	$ 6,400
Net income	107,211			93,570	195,164	188,145
Goodwill	495,065			492,338	495,065	492,338		$ 495,672
Trade names
Acquisitions
Indefinite-lived intangible assets	92,800			88,900	$ 92,800	88,900		91,700
Acquisition-related Costs
Acquisitions
Net income	$ 5,900
Net Income, Pro Forma With Adjustments
Acquisitions
Net income				400
Buildings and site improvements
Acquisitions
Property, Plant and Equipment, Useful Life	16 years				16 years
Machinery, equipment, and software | Minimum
Acquisitions
Property, Plant and Equipment, Useful Life	3 years				3 years
Machinery, equipment, and software | Maximum
Acquisitions
Property, Plant and Equipment, Useful Life	10 years				10 years
Revolving Credit Facility
Acquisitions
Proceeds from Lines of Credit	$ 306,100
ETANCO
Acquisitions
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage									100%
Payments to acquire business		$ 805,400
Business Combination, Consideration Transferred					$ 824,400
Business Combination, Acquired Receivables, Gross Contractual Amount	67,400				67,400
Trade accounts receivable, net	63,607				63,607
Inventory, Finished Goods, Gross				10,900		10,900
Depreciation	1,400
Amortization of Intangible Assets						4,200
Deferred Taxes, Business Combination					104,500
Business Combination, Integration Related Costs				$ 5,900		12,800
Net income			$ 104,823				$ 210,772
Inventory Fair Value Adjustment						9,200
ETANCO | Land
Acquisitions
Acquisition					22,300
ETANCO | Buildings and site improvements
Acquisitions
Acquisition					29,400
ETANCO | Machinery, equipment, and software
Acquisitions
Acquisition					35,500
ETANCO | ETANCO
Acquisitions
Business Combination, Separately Recognized Transactions, Revenues and Gains Recognized						80,300
Trade accounts receivable, net	$ 63,600				$ 63,600
Net income						$ (2,000)
ETANCO | Revolving Credit Facility
Acquisitions
Proceeds from Lines of Credit		$ 250,000
Credit facility, total available credit								$ 450,000

Acquisitions - Preliminary Allo

Acquisitions - Preliminary Allocation of Purchase Price (Details) - ETANCO - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2023
Acquisitions
Cash and cash equivalents		$ 19,010
Trade accounts receivable, net		63,607
Inventory		107,185
Other current assets		4,491
Property and equipment, net		89,695
Operating lease right-of-use assets		5,361
Goodwill		365,591
Intangible assets, net		357,327
Other noncurrent assets		2,881
Total assets		1,015,148
Trade accounts payable		46,457
Accrued liabilities and other current liabilities		22,079
Operating lease liabilities		5,176
Deferred income tax and other long-term liabilities		117,031
Total purchase price		824,405
Inventory Fair Value Adjustment	$ 9,200
ETANCO
Acquisitions
Trade accounts receivable, net		$ 63,600

Acquisitions - Intangible Asset

Acquisitions - Intangible Assets, Net (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)
Acquisitions
Weighted-average useful life (in years)		8 years 9 months 18 days
ETANCO
Acquisitions
Intangible assets, net	$ 357,327	$ 357,327
Indefinite and Finite Lived Intangible Assets, Total	357,327	$ 357,327
ETANCO | Customer relationships
Acquisitions
Weighted-average useful life (in years)		15 years
Intangible assets, net	248,398	$ 248,398
ETANCO | Trade names
Acquisitions
Indefinite-Lived Intangible Assets	93,811	$ 93,811
ETANCO | Developed technology
Acquisitions
Weighted-average useful life (in years)		10 years
Intangible assets, net	$ 11,256	$ 11,256
ETANCO | Patents
Acquisitions
Weighted-average useful life (in years)	8 years
Intangible assets, net	$ 3,862	$ 3,862

Acquisitions - Pro Forma for Ne

Acquisitions - Pro Forma for Net Income (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2022
Amortization, Pro Forma
Acquisitions
Net income		$ 9,200
ETANCO
Acquisitions
Net sales	$ 593,232		$ 1,165,986
Net income	$ 104,823		$ 210,772
Basic (in usd per share)	$ 2.43		$ 4.88
Diluted (in usd per share)	$ 2.42		$ 4.87
Basic (in shares)	43,145		43,162
Diluted (in shares)	43,240		43,306

Net Income Per Share - Reconcil

Net Income Per Share - Reconciliation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Reconciliation of basic earnings per share ("EPS") to diluted EPS
Net income available to common stockholders	$ 107,211	$ 93,570	$ 195,164	$ 188,145
Basic weighted-average shares outstanding	42,669	43,145	42,640	43,162
Dilutive effect of potential common stock equivalents — restricted stock units	144	95	217	144
Diluted weighted-average shares outstanding	42,813	43,240	42,857	43,306
Net income per common share:
Basic	$ 2.51	$ 2.17	$ 4.58	$ 4.36
Diluted	$ 2.50	$ 2.16	$ 4.55	$ 4.34

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) director $ / shares shares	Jun. 30, 2022 USD ($)
Stock-Based Compensation
Stock-based compensation expense	$ 6,500,000	$ 4,700,000	$ 11,200,000	$ 9,500,000
Vesting period	60 days		4 years
Unrecognized compensation costs related to unvested share-based compensation arrangements	$ 29,200,000		$ 29,200,000
Weighted-average period for recognition of unrecognized stock-based compensation expense			2 years 6 months
Allocated share based compensation expense			$ 1,100,000
Number Of Directors | director			9,000
Share-based Compensation Arrangement by Share-based Payment Award, Description			9,776
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			$ 122.50
Compensation expense			$ 1,200,000
Restricted Stock Units
Stock-Based Compensation
Awarded (in shares) | shares			277,793
Weighted average granted date fair value (in dollars per share) | $ / shares			$ 99.66
Vesting period			3 years
Phantom Share Units (PSUs)
Stock-Based Compensation
Vesting period			3 years
Employees | Restricted Stock Units
Stock-Based Compensation
Vesting period			4 years

Trade Accounts Receivable, Ne_2

Trade Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Receivables [Abstract]
Trade accounts receivable	$ 397,212	$ 276,229	$ 382,016
Allowance for doubtful accounts	(3,611)	(3,240)	(2,211)
Allowance for sales discounts and returns	(5,684)	(3,865)	(4,675)
Trade accounts receivable, net	$ 387,917	$ 269,124	$ 375,130

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 164,019	$ 187,149	$ 193,254
In-process products	53,883	55,171	47,141
Finished products	305,659	314,481	299,449
Total inventories	$ 523,561	$ 556,801	$ 539,844

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) $ in Thousands, ¥ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 CNY (¥)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Accrued Interest, OCI	$ 1,300	$ 1,100	$ 2,500	$ 1,100
Fair value hedge assets	37,900		37,900
Derivative instruments, assets and liabilities	(300)		(300)
Other Current Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value hedge assets	19,500		19,500
Other Noncurrent Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value hedge assets	18,400		18,400
Interest contracts:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	571,900		571,900
Cross currency swap contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability, Notional Amount	442,300		442,300
Forward contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	321,700		321,700
Foreign Exchange Contract | Fair Value, Inputs, Level 2
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative instruments, assets and liabilities	18,900	7,900	18,900	7,900
Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount | ¥					¥ 40.4
Deferred Income Tax Charge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative instruments, assets and liabilities	(18,600)		(18,600)
Currency Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	5,900		5,900
Net Investment Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	(4,100)	18,100	(4,400)	11,300
Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	4,437	38,944	(1,921)	29,591
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	1,828	31,080	4,548	28,268
Cash Flow Hedging | Interest contracts:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	10,589	8,681	6,546	6,876
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			7,107	2,978
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	3,911	(2,949)	7,107	(2,978)
Cash Flow Hedging | Cross currency swap contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	(5,739)	30,263	(8,019)	22,715
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	1,266	1,938	2,605	1,959
Cash Flow Hedging | Forward contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	(413)	0	(448)	0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	80	0	80	163
Cash Flow Hedging | Foreign Exchange Contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	$ (3,429)	$ 32,091	$ (5,244)	$ 29,124

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Effects of Fair Value and Cash Flow Hedge (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other & foreign exchange loss, net	$ 357	$ (1,890)	$ (42)	$ (2,107)
Cost of sales	310,114	333,899	591,669	590,688
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net			80	163
Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	4,437	38,944	(1,921)	29,591
Interest contracts: | Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			(7,107)	(2,978)
Gain (Loss) Recognized in OCI	10,589	8,681	6,546	6,876
Cross currency swap contract | Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	(5,739)	30,263	(8,019)	22,715
Cross currency swap contract | Cash Flow Hedging | Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			(2,605)	(1,959)
Cross currency swap contract | Cash Flow Hedging | Foreign Currency Gain (Loss)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			(5,244)	(29,124)
Forward contract | Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net			0
Gain (Loss) Recognized in OCI	$ (413)	$ 0	$ (448)	$ 0

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Property, Plant and Equipment
Property, plant and equipment, gross	$ 780,252	$ 762,422	$ 728,913
Less accumulated depreciation and amortization	(451,134)	(432,392)	(415,029)
Property, plant and equipment excluding capital projects in progress, net	329,118	330,030	313,884
Capital projects in progress	46,122	31,525	32,300
Property, plant and equipment, net	375,240	361,555	346,184
Land
Property, Plant and Equipment
Property, plant and equipment, gross	51,558	50,025	55,279
Buildings and site improvements
Property, Plant and Equipment
Property, plant and equipment, gross	235,209	233,123	223,920
Leasehold improvements
Property, Plant and Equipment
Property, plant and equipment, gross	7,131	6,367	6,062
Machinery, equipment, and software
Property, Plant and Equipment
Property, plant and equipment, gross	$ 486,354	$ 472,907	$ 443,652

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Carrying amount of goodwill by reportable segment
Goodwill	$ 495,065	$ 495,672	$ 492,338
North America
Carrying amount of goodwill by reportable segment
Goodwill	103,630	103,572	96,264
Europe
Carrying amount of goodwill by reportable segment
Goodwill	390,172	390,799	394,761
Asia/Pacific
Carrying amount of goodwill by reportable segment
Goodwill	$ 1,263	$ 1,301	$ 1,313

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 6,000	$ 5,300	$ 11,638	$ 6,400
Weighted-average useful life (in years)			8 years 9 months 18 days
Changes in gross carrying amount of finite-lived intangible assets
Gross carrying amount	445,359	410,883	$ 445,359	410,883	$ 427,036
Accumulated amortization	(75,710)	(53,185)	(75,710)	(53,185)	(64,119)
Net carrying amount	369,649	357,698	369,649	357,698	362,917
North America
Changes in gross carrying amount of finite-lived intangible assets
Gross carrying amount	63,269	46,642	63,269	46,642	53,498
Accumulated amortization	(31,765)	(28,063)	(31,765)	(28,063)	(29,782)
Net carrying amount	31,504	18,579	31,504	18,579	23,716
Europe
Changes in gross carrying amount of finite-lived intangible assets
Gross carrying amount	377,866	364,241	377,866	364,241	373,538
Accumulated amortization	(43,748)	(25,122)	(43,748)	(25,122)	(34,337)
Net carrying amount	334,118	$ 339,119	334,118	$ 339,119	$ 339,201
Asia/Pacific
Changes in gross carrying amount of finite-lived intangible assets
Gross carrying amount	4,224		4,224
Accumulated amortization	(197)		(197)
Net carrying amount	$ 4,027		$ 4,027

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Indefinite-lived Intangible Assets [Line Items]
Amortization of intangibles	$ 6,000	$ 5,300	$ 11,638	$ 6,400
ETANCO
Indefinite-lived Intangible Assets [Line Items]
Amortization of intangibles				4,200
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 92,800	$ 88,900	$ 92,800	$ 88,900	$ 91,700

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Estimated Future Amortization (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining six months of 2023	$ 11,225
2024000	22,294
2025000	22,069
2026000	21,492
2027000	21,298
2028000	21,077
Thereafter	157,380
Total	$ 276,835
Weighted-average useful life (in years)	8 years 9 months 18 days

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets - Carrying Amount of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill
Balance at the beginning of the period			$ 495,672
Foreign exchange			5,071
Balance at the end of the period	$ 495,065	$ 492,338	495,065	$ 492,338
Goodwill, Acquired During Period			0
Disposal Group, Including Discontinued Operation, Goodwill	(5,678)	0	(5,678)	0
Reclassifications			0
Intangible Assets
Balance at the beginning of the period			362,917
Acquisition			13,996
Reclassifications			46
Amortization	(6,000)	(5,300)	(11,638)	(6,400)
Foreign exchange			4,328
Balance at the end of the period	$ 369,649	$ 357,698	$ 369,649	$ 357,698

Leases - Narrative (Details)

Leases - Narrative (Details)	Jun. 30, 2023
Leases [Abstract]
Option to extend term	5 years

Leases - Balance Sheet Informat

Leases - Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Leases [Abstract]
Operating lease right-of-use assets	$ 63,358	$ 57,652	$ 48,984
Operating - current	12,809	11,544	9,831
Operating - noncurrent	51,560	46,882	39,654
Total operating lease liabilities	64,369	58,426	49,485
Property and equipment, gross	0	3,569	3,569
Accumulated amortization	0	(3,569)	(3,556)
Property and equipment, net	$ 0	$ 0	$ 13

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating lease cost	$ 4,192	$ 3,364

Leases - Cash Flow Information

Leases - Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Lease, Cost [Abstract]
Operating cash flows for operating leases	$ 3,932	$ 3,296
Operating right-of-use assets obtained in exchange for lease obligations during the current period	$ 8,423	$ 2,936

Leases - Maturity (Details)

Leases - Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Operating Leases
Remaining six months of 2023	$ 7,986
2024	14,612
2025	12,843
2026	10,231
2027	8,198
Thereafter	20,107
Total lease payments	73,977
Less: Present value discount	(9,608)
Total operating lease liabilities	$ 64,369	$ 58,426	$ 49,485

Leases - Lease Terms and Discou

Leases - Lease Terms and Discount Rates (Details)	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	5 years 10 months 24 days	6 years 4 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	4.70%	4.80%

Debt (Details)

Debt (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Debt
Line of Credit Facility, Maximum Amount Outstanding During Period	$ 571.9	$ 694.4	$ 583.2
Revolving Credit Facility
Debt
Proceeds from Lines of Credit	306.1
Revolving Credit Facility | Fair Value, Inputs, Level 2
Debt
Revolving loan	$ 150

Debt - Schedule of Maturity (De

Debt - Schedule of Maturity (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Debt Disclosure [Abstract]
Remaining six months of 2023	$ 11,250
2024	22,500
2025	22,500
2026	22,500
2027	343,125
Total loan outstanding	$ 421,875

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Segment Information
Net sales	$ 597,580	$ 593,232	$ 1,132,010	$ 1,086,802
Income (Loss) from Operations	145,021	133,076	263,383	257,514
Total Assets	2,719,349	2,485,468	2,719,349	2,485,468	$ 2,503,971
Cash and cash equivalent	407,982	246,134	407,982	246,134	300,742
Intersegment elimination
Segment Information
Net sales	10,939	10,652	19,622	22,036
Administrative and all other
Segment Information
Income (Loss) from Operations	(12,762)	(9,875)	(22,125)	(20,403)
Total Assets	410,730	535,690	410,730	535,690	399,770
Cash and cash equivalent	326,500	167,400	326,500	167,400	222,500
North America
Segment Information
Net sales	465,467	456,410	871,797	895,140
Income (Loss) from Operations	143,430	137,291	257,823	273,064
Total Assets	1,570,275	1,225,176	1,570,275	1,225,176	1,393,968
North America | Intersegment elimination
Segment Information
Net sales	1,524	1,441	2,692	2,575
Europe
Segment Information
Net sales	127,817	133,238	252,031	184,689
Income (Loss) from Operations	13,974	5,560	27,444	4,189
Total Assets	702,740	689,621	702,740	689,621	675,634
Europe | Intersegment elimination
Segment Information
Net sales	1,459	1,271	3,072	2,955
Asia/Pacific
Segment Information
Net sales	4,296	3,584	8,182	6,973
Income (Loss) from Operations	379	100	241	664
Total Assets	35,604	34,981	35,604	34,981	$ 34,599
Asia/Pacific | Intersegment elimination
Segment Information
Net sales	$ 7,956	$ 7,940	$ 13,858	$ 16,506

Segment Information (Details 2)

Segment Information (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net sales and long-lived assets by geographical area
Net sales	$ 597,580	$ 593,232	$ 1,132,010	$ 1,086,802
Wood construction products
Net sales and long-lived assets by geographical area
Net sales	515,378	514,832	970,137	950,191
Concrete construction products
Net sales and long-lived assets by geographical area
Net sales	81,319	78,209	157,990	136,185
Other
Net sales and long-lived assets by geographical area
Net sales	883	191	3,883	426
North America
Net sales and long-lived assets by geographical area
Net sales	$ 465,467	$ 456,410	$ 871,797	$ 895,140

Segment Information (Narrative)

Segment Information (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Concentration Risk [Line Items]
Cash and cash equivalents	$ 407,982	$ 300,742	$ 246,134
Number of reportable segments | segment	3
Administrative and all other
Concentration Risk [Line Items]
Cash and cash equivalents	$ 326,500	$ 222,500	$ 167,400

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
	Jul. 27, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Subsequent Event [Line Items]
Cash dividends declared per common share		$ 0.27	$ 0.26	$ 0.53	$ 0.51
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per common share	$ 0.27
Dividends	$ 11.5