BlueLinx Holdings Inc
For the period ended Dec 28, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
Contents
Segment Reporting
- Segment Reporting
The Company hasone reportable segment: building products. The segment sells building products that are grouped into two primary categories: specialty products and structural products. The Company’s CODM is its chief executive officer (CEO). The Company derives substantially all of its revenues from the United States and all of the Company’s assets are located in the United States. No single customer of the Company generated 10% or more of the Company’s total net sales during fiscal years 2024, 2023 and 2022. The measure of segment assets is reported on the Company’s balance sheet as total consolidated assets. The segment’s accounting policies are the same as the accounting policies for the Company, as described in Note 1, Summary of Significant Accounting Policies.
The CODM’s method under GAAP that is used to assess performance and allocate resources is based on Net income as reported on the Company’s consolidated statement of operations. The following table presents information about Net income and significant expenses that are regularly reviewed by the Company’s CODM:
| Fiscal 2024 | Fiscal 2023 | Fiscal 2022 | |
|---|---|---|---|
| (In thousands) | |||
| Net sales | $2,952,532 | $3,136,381 | $4,450,214 |
| Expenses: | |||
| Cost of specialty products sold | 1,648,285 | 1,763,446 | 2,231,258 |
| Cost of structural products sold | 815,108 | 845,918 | 1,385,972 |
| SG&A - delivery and logistics | 154,293 | 152,313 | 160,270 |
| SG&A - sales | 68,620 | 67,274 | 76,471 |
| SG&A - all other | 142,619 | 136,232 | 129,564 |
| Depreciation of property and equipment | 34,576 | 27,846 | 24,239 |
| Amortization of definite-lived intangible assets | 3,912 | 4,197 | 3,374 |
| Accretion of deferred gains on real estate | (3,934) | (3,934) | (3,934) |
| Interest expense | 47,169 | 44,654 | 45,500 |
| Interest income | (27,805) | (20,908) | (3,228) |
| Settlement of frozen defined benefit pension plan | (2,481) | 30,440 | — |
| Other, net | 1,483 | 7,017 | 5,967 |
| Provision for income taxes | 17,571 | 33,350 | 98,585 |
| Total segment expenses | 2,899,416 | 3,087,845 | 4,154,038 |
| Segment net income | 53,116 | 48,536 | 296,176 |
| Reconciliation of profit or loss: | |||
| Adjustments and reconciling items | — | — | — |
| Consolidated net income | $53,116 | $48,536 | $296,176 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.