Annual report pursuant to Section 13 and 15(d)

Segments Information

v3.24.0.1
Segments Information
 12 Months Ended
Dec. 30, 2023
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. The operating segments within the two reporting segments share similar economic characteristics, such as economic policies, trade policies and overall economic conditions, and also similar in the areas such as the nature of products and services, production processes, type of customers and distribution processes. The Janus International reportable 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.
This segment reporting structure aligns with how the Chief Operating Decision Maker (CODM) assesses the Company’s performance and allocates resources. The Company’s Chief Executive Officer and Chief Financial Officer, identified as the CODM, currently make key operating decisions based on financial information and allocate resources at the consolidated company level. The CODM’s direct reports are not responsible for the financial performance of any specific product line, sales channel, geographies or divisions and are all working across multiple markets, and have no individual authority to allocate resources or make key operating and strategic decisions for the Company. The CODM regularly reviews operating segments’ financial operating results to make resource allocation decisions.
Summarized financial information for the Company’s segments is shown in the following tables:
(in millions)
 Year Ended
December 30, 2023 December 31, 2022 January 1, 2022
Revenue
Janus North America $ 1,028.4  $ 994.3  $ 714.9 
Janus International 82.3  75.5  68.6 
Eliminations (44.3) (50.3) (33.4)
Consolidated Revenue $ 1,066.4  $ 1,019.5  $ 750.1 
Income From Operations
Janus North America $ 238.2  $ 183.2  $ 95.9 
Janus International 7.8  4.4  (3.6)
Eliminations (0.3) (0.1) — 
Total Segment Operating Income $ 245.7  $ 187.5  $ 92.3 
Depreciation Expense
Janus North America $ 8.3  $ 7.1  $ 6.0 
Janus International 1.0  0.8  0.5 
Consolidated Depreciation Expense $ 9.3  $ 7.9  $ 6.5 
Amortization of Intangible Assets
Janus North America $ 28.4  $ 28.4  $ 30.1 
Janus International 1.4  1.3  1.5 
Consolidated Amortization Expense $ 29.8  $ 29.7  $ 31.6 
Capital Expenditures
Janus North America $ 15.4  $ 7.7  $ 16.2 
Janus International 3.6  1.1  3.7 
Consolidated Capital Expenditures $ 19.0  $ 8.8  $ 19.9 
December 30, 2023 December 31, 2022
Property, Plant and Equipment, Net
Janus North America $ 46.3  $ 37.9 
Janus International 6.1  4.2 
Consolidated Property, Plant and Equipment, Net
 $ 52.4  $ 42.1 
Identifiable Assets
Janus North America $ 1,280.0  $ 1,209.9 
Janus International 70.0  60.7 
Consolidated Assets $ 1,350.0  $ 1,270.6 
Assets held at all foreign locations, including foreign operations within the Janus North America segment, were approximately $70.5 and $61.1 as of December 30, 2023 and December 31, 2022, respectively. Revenues earned at foreign locations totaled approximately $82.3, $75.5 and $68.6 for the years ended December 30, 2023, December 31, 2022, and January 1, 2022, respectively.