Annual report pursuant to Section 13 and 15(d)

Segments Information

v3.23.1
Segments Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segments Information Segments Information
The Company operates its business and reports its results through two geographic based reportable segments: Janus North America and Janus International, in accordance with ASC Topic 280, Segment Reporting. This structure is in line with how our Chief Operating Decision Maker assesses our performance and allocates resources. The operating segments within the two reporting segments share similarities and characteristics. Economic policies, trade policies and overall economic conditions in Europe and North America can be dissimilar. The Janus International segment is comprised of JIE with its production and sales located largely in Europe. The Janus North America segment is comprised of all the other entities including Janus Core, BETCO, NOKE, ASTA, DBCI, ACT, Janus Door and Steel Door Depot.
Summarized financial information for the Company’s segments is shown in the following tables:
Year Ended
December 31, January 1, December 26,
2022 2022 2020
Revenue
Janus North America $ 994,316  $ 714,944  $ 520,119 
Janus International 75,511  68,579  45,490 
Intersegment (50,318) (33,373) (16,636)
Consolidated Revenue $ 1,019,509  $ 750,150  $ 548,973 
Income From Operations (1)
Janus North America $ 183,142  $ 95,930  $ 91,665 
Janus International 4,436  (3,570) 2,811 
Eliminations (101) 40  45 
Total Segment Operating Income $ 187,477  $ 92,400  $ 94,521 
Depreciation Expense
Janus North America $ 7,157  $ 5,977  $ 5,390 
Janus International 778  473  595 
Consolidated Depreciation Expense $ 7,935  $ 6,450  $ 5,985 
Amortization of Intangible Assets
Janus North America $ 28,420  $ 30,081  $ 25,661 
Janus International 1,263  1,507  1,385 
Consolidated Amortization Expense $ 29,683  $ 31,588  $ 27,046 
Capital Expenditures
Janus North America $ 7,695  $ 16,170  $ 6,002 
Janus International $ 1,112  3,696  336 
Consolidated Capital Expenditures $ 8,807  $ 19,866  $ 6,338 
(1) Janus North America and Janus International’s Income from Operations, previously reported for the year-ended January 1, 2022, have been revised due to an immaterial error correction. These revisions had no effect on the previously reported total segment operating income or the Company’s net income. See Note 2 to our Consolidated Financial Statements for additional information.
December 31, January 1
2022 2022
Identifiable Assets
Janus North America $ 1,209,905  $ 1,063,563 
Janus International 60,713  58,439 
Consolidated Assets $ 1,270,618  $ 1,122,002