2022 Q3 Form 10-K Financial Statement

#000156459022038518 Filed on November 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 2021
Revenue $304.6M $1.356B $1.179B
YoY Change -11.99% 14.98% 31.11%
Cost Of Revenue $232.8M $946.3M $789.0M
YoY Change -0.47% 19.93% 30.8%
Gross Profit $71.86M $409.3M $390.0M
YoY Change -36.0% 4.97% 31.72%
Gross Profit Margin 23.59% 30.2% 33.08%
Selling, General & Admin $64.56M $279.9M $239.4M
YoY Change 9.28% 16.91% -22.34%
% of Gross Profit 89.84% 68.38% 61.39%
Research & Development $2.600M $9.500M $7.400M
YoY Change 36.84% 28.38% -3.9%
% of Gross Profit 3.62% 2.32% 1.9%
Depreciation & Amortization $31.80M $118.5M $101.6M
YoY Change 21.0% 16.66% 1.83%
% of Gross Profit 44.25% 28.96% 26.06%
Operating Expenses $67.16M $289.4M $7.400M
YoY Change 10.14% 3810.66% -97.66%
Operating Profit $4.703M $128.9M $382.6M
YoY Change -90.83% -66.3% -1859.26%
Interest Expense -$6.180M $24.96M $20.31M
YoY Change 82.84% 22.87% -71.46%
% of Operating Profit -131.41% 19.36% 5.31%
Other Income/Expense, Net $24.96M $20.31M
YoY Change 22.87% -81.33%
Pretax Income -$1.973M $104.0M $121.8M
YoY Change -104.16% -14.64% -193.34%
Income Tax $2.803M $28.75M $28.67M
% Of Pretax Income 27.65% 23.53%
Net Earnings -$4.776M $75.23M $93.15M
YoY Change -112.38% -19.24% -176.21%
Net Earnings / Revenue -1.57% 5.55% 7.9%
Basic Earnings Per Share -$0.03 $0.49 $0.61
Diluted Earnings Per Share -$0.03 $0.49 $0.59
COMMON SHARES
Basic Shares Outstanding 153.5M 153.8M
Diluted Shares Outstanding 154.5M 156.7M

Balance Sheet

Concept 2022 Q3 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $120.8M $120.8M $250.5M
YoY Change -51.78% -51.78% 16.53%
Cash & Equivalents $120.8M $120.8M $250.5M
Short-Term Investments
Other Short-Term Assets $2.501M $19.71M $15.66M
YoY Change 72.96% 25.9% 77.93%
Inventory $299.9M $299.9M $188.9M
Prepaid Expenses $17.21M
Receivables $90.16M $90.16M $77.32M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $530.6M $530.6M $532.4M
YoY Change -0.34% -0.34% 25.36%
LONG-TERM ASSETS
Property, Plant & Equipment $517.9M $611.2M $459.5M
YoY Change 32.45% 33.0% 75.53%
Goodwill $994.0M
YoY Change 4.48%
Intangibles $245.8M
YoY Change 1.35%
Long-Term Investments
YoY Change
Other Assets $94.75M $1.489M $1.947M
YoY Change 34.48% -23.52% 21.69%
Total Long-Term Assets $1.852B $1.852B $1.655B
YoY Change 11.9% 11.9% 9.84%
TOTAL ASSETS
Total Short-Term Assets $530.6M $530.6M $532.4M
Total Long-Term Assets $1.852B $1.852B $1.655B
Total Assets $2.383B $2.383B $2.188B
YoY Change 8.92% 8.92% 13.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.99M $48.99M $69.47M
YoY Change -29.49% -29.49% 65.02%
Accrued Expenses $119.6M $119.6M $96.38M
YoY Change 24.1% 24.1% 27.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $8.366M $71.00K
YoY Change 8350.7% 11683.1% -92.9%
Total Short-Term Liabilities $182.5M $182.5M $170.4M
YoY Change 7.09% 7.09% 37.43%
LONG-TERM LIABILITIES
Long-Term Debt $584.9M $660.6M $515.3M
YoY Change 25.86% 28.19% 8.74%
Other Long-Term Liabilities $106.1M $30.38M $28.59M
YoY Change 33.98% 6.26% 224.85%
Total Long-Term Liabilities $691.0M $691.0M $543.9M
YoY Change 27.04% 27.04% 12.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $182.5M $182.5M $170.4M
Total Long-Term Liabilities $691.0M $691.0M $543.9M
Total Liabilities $938.6M $938.6M $760.7M
YoY Change 23.4% 23.4% 21.13%
SHAREHOLDERS EQUITY
Retained Earnings -$113.0M
YoY Change -39.97%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $73.09M
YoY Change
Treasury Stock Shares $4.117M
Shareholders Equity $1.444B $1.444B $1.427B
YoY Change
Total Liabilities & Shareholders Equity $2.383B $2.383B $2.188B
YoY Change 8.92% 8.92% 13.25%

Cashflow Statement

Concept 2022 Q3 2022 2021
OPERATING ACTIVITIES
Net Income -$4.776M $75.23M $93.15M
YoY Change -112.38% -19.24% -176.21%
Depreciation, Depletion And Amortization $31.80M $118.5M $101.6M
YoY Change 21.0% 16.66% 1.83%
Cash From Operating Activities $40.13M $105.8M $207.7M
YoY Change -54.2% -49.04% 111.14%
INVESTING ACTIVITIES
Capital Expenditures -$32.95M $170.9M $175.1M
YoY Change -43.59% -2.39% 83.19%
Acquisitions $108.4M
YoY Change
Other Investing Activities -$21.42M -$107.7M $46.00K
YoY Change -267850.0% -234313.04% -100.25%
Cash From Investing Activities -$54.37M -$280.2M -$175.1M
YoY Change -6.9% 60.03% 53.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $81.48M
YoY Change
Debt Paid & Issued, Net $467.7M
YoY Change
Cash From Financing Activities -24.57M 44.62M 2.918M
YoY Change -3035.72% 1429.2% -97.66%
NET CHANGE
Cash From Operating Activities 40.13M 105.8M 207.7M
Cash From Investing Activities -54.37M -280.2M -175.1M
Cash From Financing Activities -24.57M 44.62M 2.918M
Net Change In Cash -38.80M -129.7M 35.52M
YoY Change -229.04% -465.16% -67.43%
FREE CASH FLOW
Cash From Operating Activities $40.13M $105.8M $207.7M
Capital Expenditures -$32.95M $170.9M $175.1M
Free Cash Flow $73.08M -$65.10M $32.56M
YoY Change -49.96% -299.95% 1076.73%

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CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1444443000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
75225000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
93150000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-122233000
CY2022 azek Depreciation Expense Including Finance Lease Right Of Use Asset Amortization
DepreciationExpenseIncludingFinanceLeaseRightOfUseAssetAmortization
67996000
CY2021 azek Depreciation Expense Including Finance Lease Right Of Use Asset Amortization
DepreciationExpenseIncludingFinanceLeaseRightOfUseAssetAmortization
51802000
CY2020 azek Depreciation Expense Including Finance Lease Right Of Use Asset Amortization
DepreciationExpenseIncludingFinanceLeaseRightOfUseAssetAmortization
44637000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
50537000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
49802000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
55144000
CY2022 azek Noncashinterest Expense
NoncashinterestExpense
5638000
CY2021 azek Noncashinterest Expense
NoncashinterestExpense
3110000
CY2020 azek Noncashinterest Expense
NoncashinterestExpense
6994000
CY2022 azek Non Cash Lease Expense
NonCashLeaseExpense
-275000
CY2021 azek Non Cash Lease Expense
NonCashLeaseExpense
-88000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
19684000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
25529000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-10110000
CY2022 azek Non Cash Compensation Expense
NonCashCompensationExpense
27512000
CY2021 azek Non Cash Compensation Expense
NonCashCompensationExpense
22250000
CY2020 azek Non Cash Compensation Expense
NonCashCompensationExpense
117084000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-496000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1025000
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-904000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
290000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
342000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
512000
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-37587000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8545000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6772000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17656000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
97459000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
58819000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12146000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4300000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5892000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1035000
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-32146000
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16071000
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-4361000
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1345000
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
14910000
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2664000
CY2022 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-2527000
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1259000
CY2020 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1694000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
105835000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
207679000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
98361000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
170938000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
175119000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
95594000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
649000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
46000
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
253000
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1500000
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
108387000
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
18453000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-280176000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-175073000
CY2020 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
820467000
CY2020 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
346500000
CY2020 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
665000000
CY2020 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
24938000
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
40000000
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
129000000
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
40000000
CY2020 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
129000000
CY2020 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
341958000
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
939000
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
467654000
CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
595500000
CY2022 azek Proceeds Repayments Of Finance Lease Obligations
ProceedsRepaymentsOfFinanceLeaseObligations
-3865000
CY2021 azek Proceeds Repayments Of Finance Lease Obligations
ProceedsRepaymentsOfFinanceLeaseObligations
-1921000
CY2020 azek Proceeds Repayments Of Finance Lease Obligations
ProceedsRepaymentsOfFinanceLeaseObligations
-807000
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
210000
CY2020 azek Payment Of Capital Contribution
PaymentOfCapitalContribution
3553000
CY2020 azek Capital Contributions
CapitalContributions
1500000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5995000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5988000
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
41000
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
429000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
81483000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
44622000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2918000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-129719000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
35524000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
109065000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
250536000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
215012000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
105947000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
120817000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
250536000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
215012000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
14899000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
17119000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
76670000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10549000
CY2021 azek Payments For Rebate
PaymentsForRebate
-61794000
CY2020 azek Payments For Rebate
PaymentsForRebate
-46262000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4620000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1376000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
29562000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
16177000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2089000
CY2020 azek Property Plant And Equipment Acquired Under Finance Leases
PropertyPlantAndEquipmentAcquiredUnderFinanceLeases
966000
CY2022 azek Right Of Use Operating And Finance Lease Assets Obtained In Exchange For Lease Liabilities
RightOfUseOperatingAndFinanceLeaseAssetsObtainedInExchangeForLeaseLiabilities
33400000
CY2021 azek Right Of Use Operating And Finance Lease Assets Obtained In Exchange For Lease Liabilities
RightOfUseOperatingAndFinanceLeaseAssetsObtainedInExchangeForLeaseLiabilities
57817000
CY2020Q2 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
819700000
CY2020Q2 us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
50600000
CY2020Q2 azek Accrued Liabilities For Estimated Offering Expenses
AccruedLiabilitiesForEstimatedOfferingExpenses
9200000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with U.S. 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 financial statements and reported amounts of revenues and expenses during the reporting period. Significant estimates include revenue recognition, reserves for excess inventory, inventory obsolescence, inventory valuation, product warranties, customer rebates, stock-based compensation, litigation, income taxes, contingent consideration, goodwill and intangible asset valuation and accounting for long-lived assets. Management’s estimates and assumptions are evaluated on an ongoing basis and are based on historical experience, current conditions and available information. Actual results may differ from estimated amounts. Estimates are revised as additional information becomes available.                     </p>
CY2022 azek Net Revenue Incentives
NetRevenueIncentives
105800000
CY2021 azek Net Revenue Incentives
NetRevenueIncentives
92500000
CY2020 azek Net Revenue Incentives
NetRevenueIncentives
63100000
CY2022Q3 azek Accrued Rebates Current
AccruedRebatesCurrent
56542000
CY2021Q3 azek Accrued Rebates Current
AccruedRebatesCurrent
47648000
CY2020Q3 azek Accrued Rebates Current
AccruedRebatesCurrent
32679000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
52500000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
37800000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
33200000
CY2020Q3 azek Accrued Rebates
AccruedRebates
30400000
CY2022Q3 azek Contra Trade Receivable
ContraTradeReceivable
6100000
CY2021Q3 azek Contra Trade Receivable
ContraTradeReceivable
3300000
CY2020Q3 azek Contra Trade Receivable
ContraTradeReceivable
2300000
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9500000
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7400000
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7700000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentrations and Credit Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and trade accounts receivable. As of September 30, 2022, cash and cash equivalents were maintained at major financial institutions in the United States, and current deposits are in excess of insured limits. The Company believes these institutions have sufficient assets and liquidity to conduct their operations in the ordinary course of business with little or no credit risk to the Company. The Company has not experienced any losses in such accounts. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Sales to certain Residential segment distributors accounted for <span>10%</span> or more of the Company’s total net sales in 2022, 2021 and 2020 were as follows: </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;"> </p> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin:auto;border-collapse:collapse; width:80%;"> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:57.48%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.38%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="10" style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:40.1%; border-bottom:solid 0.75pt #000000;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Years Ended September 30,</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:57.48%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.38%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.76%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2022</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.38%; border-top:solid 0.75pt #000000;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.76%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2021</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.38%; border-top:solid 0.75pt #000000;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.76%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2020</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:57.48%; border-bottom:double 2.5pt transparent;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Distributor A</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.38%; border-bottom:double 2.5pt transparent;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.76%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">19.3</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.38%; border-bottom:double 2.5pt transparent;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.76%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">23.3</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.38%; border-bottom:double 2.5pt transparent;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.76%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">20.3</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:2pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">At September 30, 2022, two customers accounted for 10% or more of gross trade receivables; Customer A was 14.8% and Customer B was 10.6%. At September 30, 2021, three customers accounted for 10% or more of gross trade receivables; Customer A was 10.3%, Customer B was 11.5% and Customer C was 12.7%. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For each year ended September 30, 2022, 2021 and 2020, approximately 16%, 18% and 10%, respectively, of the Company’s materials purchases were purchased from its largest supplier. </p>
CY2022Q3 azek Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Including Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsIncludingGoodwill
94900000
CY2022Q3 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
42600000
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P13Y9M18D
CY2022Q3 us-gaap Inventory Net
InventoryNet
299905000
CY2021Q3 us-gaap Inventory Net
InventoryNet
188888000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
26351000
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
152606000
CY2022Q3 azek Lessee Lease Liability Payments Due
LesseeLeaseLiabilityPaymentsDue
178957000
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3867000
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
74534000
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-500000
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1000000.0
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GainLossOnDispositionOfAssets
-900000
CY2022 azek Lease Term Description
LeaseTermDescription
Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Leases may be classified as either operating leases or finance leases. We have made an accounting policy election to not include leases with an initial term of 12 months or less on the balance sheet.
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LandAndLandImprovements
3350000
CY2021Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
2812000
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BuildingsAndImprovementsGross
110300000
CY2021Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
73227000
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MachineryAndEquipmentGross
540536000
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78401000
CY2022Q3 us-gaap Operating Lease Liability
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22484000
CY2022Q3 us-gaap Finance Lease Liability
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78072000
CY2022Q3 azek Lessee Lease Liability
LesseeLeaseLiability
100556000
CY2020Q4 azek Lease Assets
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15200000
CY2020Q4 azek Lease Liabilities
LeaseLiabilities
18700000
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AccruedRebates
50500000
CY2021Q3 azek Accrued Rebates
AccruedRebates
44300000
CY2021Q3 azek Accrued Rebates Current
AccruedRebatesCurrent
47648000
CY2020Q3 azek Accrued Rebates Current
AccruedRebatesCurrent
32679000
CY2019Q3 azek Accrued Rebates Current
AccruedRebatesCurrent
24858000
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88057000
CY2021 azek Rebate Expense
RebateExpense
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CY2020 azek Rebate Expense
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CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
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46046000
CY2022Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
39829000
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
27278000
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
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187612000
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
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115564000
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405611000
CY2022Q3 azek Computer Equipment
ComputerEquipment
28198000
CY2021Q3 azek Computer Equipment
ComputerEquipment
23915000
CY2022Q3 us-gaap Furniture And Fixtures Gross
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6867000
CY2021Q3 us-gaap Furniture And Fixtures Gross
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6018000
CY2022Q3 azek Vehicles
Vehicles
941000
CY2021Q3 azek Vehicles
Vehicles
604000
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690192000
CY2021Q3 azek Property And Equipment Excluding Construction In Progress Gross
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512187000
CY2022Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
140566000
CY2021Q3 us-gaap Construction In Progress Gross
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129886000
CY2022Q3 us-gaap Property Plant And Equipment Gross
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830758000
CY2021Q3 us-gaap Property Plant And Equipment Gross
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642073000
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312845000
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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251061000
CY2022Q3 us-gaap Property Plant And Equipment Net
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517913000
CY2021Q3 us-gaap Property Plant And Equipment Net
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391012000
CY2022 us-gaap Depreciation
Depreciation
64500000
CY2021 us-gaap Depreciation
Depreciation
50600000
CY2020 us-gaap Depreciation
Depreciation
44600000
CY2022 us-gaap Interest Costs Capitalized
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5600000
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2200000
CY2022 azek Inventory Estimate Update
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19297000
CY2022 azek Other Costs Expense
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3319000
CY2021 azek Other Costs Expense
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CY2020 azek Other Costs Expense
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4154000
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CY2021Q3 us-gaap Goodwill
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42605000
CY2022Q3 us-gaap Goodwill
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993995000
CY2021Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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32200000
CY2022Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
32200000
CY2022Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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0
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
0
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
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720068000
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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474233000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
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245835000
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
670886000
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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428314000
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242572000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
50500000
CY2021 us-gaap Amortization Of Intangible Assets
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49800000
CY2020 us-gaap Amortization Of Intangible Assets
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55100000
CY2022 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
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P11Y4M24D
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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46338000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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40748000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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35204000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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29660000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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24115000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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69770000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
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245835000
CY2022 us-gaap Interest Expense
InterestExpense
24956000
CY2021 us-gaap Interest Expense
InterestExpense
20311000
CY2020 us-gaap Interest Expense
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103979000
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121818000
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CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
11500000
CY2020 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
900000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1109000
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1332000
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
904000
CY2022 us-gaap Provision For Doubtful Accounts
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290000
CY2021 us-gaap Provision For Doubtful Accounts
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342000
CY2020 us-gaap Provision For Doubtful Accounts
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512000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
565000
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
119000
CY2020 azek Allowance For Doubtful Accounts Receivable Business Combination Increase
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35000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1397000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
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1109000
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
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1332000
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36866000
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32996000
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9032000
CY2021Q3 azek Accrued Construction In Progress Liability Current
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4068000
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5223000
CY2021Q3 us-gaap Operating Lease Liability Current
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3906000
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4272000
CY2021Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
3421000
CY2022Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2900000
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
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2992000
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2494000
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2366000
CY2021Q3 us-gaap Finance Lease Liability Current
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71000
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2089000
CY2021Q3 us-gaap Accrued Professional Fees Current
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2296000
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1821000
CY2021Q3 azek Accrued Freight Payable Current
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2292000
CY2022Q3 us-gaap Other Accrued Liabilities Current
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5526000
CY2021Q3 us-gaap Other Accrued Liabilities Current
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4480000
CY2022Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
72589000
CY2021Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
56522000
CY2022 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Inventory
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1400000
CY2020 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Inventory
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory
700000
CY2022 us-gaap Legal Fees
LegalFees
900000
CY2021 us-gaap Legal Fees
LegalFees
2300000
CY2020 us-gaap Legal Fees
LegalFees
900000
CY2022 azek Costs Of Reduction In Workforce
CostsOfReductionInWorkforce
1600000
CY2020 azek Costs Of Reduction In Workforce
CostsOfReductionInWorkforce
400000
CY2022 azek Other Miscellaneous Expenses
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700000
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
600000000
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
467654000
CY2022Q3 us-gaap Deferred Finance Costs Net
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4712000
CY2021Q3 us-gaap Deferred Finance Costs Net
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2625000
CY2022Q3 us-gaap Debt Instrument Unamortized Discount
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4409000
CY2021Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
314000
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
6000000
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
584879000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
464715000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
6000000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
6000000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
6000000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
6000000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
6000000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
570000000
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
600000000
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
3661000
CY2021 us-gaap Interest Expense Other
InterestExpenseOther
828000
CY2020 us-gaap Interest Expense Other
InterestExpenseOther
1530000
CY2022 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
5622000
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2157000
CY2020 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1288000
CY2022 us-gaap Interest Expense
InterestExpense
24956000
CY2021 us-gaap Interest Expense
InterestExpense
20311000
CY2020 us-gaap Interest Expense
InterestExpense
71179000
CY2022 us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
The Company provides product assurance warranties of various lengths ranging from 5 years to lifetime for limited coverage for a variety of material and workmanship defects based on standard terms and conditions between the Company and its customers.
CY2021 azek Lease Standard Adoption Costs
LeaseStandardAdoptionCosts
500000
CY2020Q2 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
819700000
CY2020Q2 us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
50600000
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12699000
CY2020Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
10913000
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5030000
CY2021 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4878000
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2706000
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3120000
CY2021 azek Standard Product Warranty Accretion Purchase Accounting Valuation
StandardProductWarrantyAccretionPurchaseAccountingValuation
28000
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15023000
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12699000
CY2022Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
2900000
CY2021Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
2992000
CY2022Q3 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
12123000
CY2021Q3 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
9707000
CY2020Q4 azek Build To Suit Right Of Use Asset
BuildToSuitRightOfUseAsset
5500000
CY2020Q4 azek Build To Suit Liability
BuildToSuitLiability
7900000
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19724000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19431000
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
73541000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
49084000
CY2022Q3 azek Lease Assets
LeaseAssets
93265000
CY2021Q3 azek Lease Assets
LeaseAssets
68515000
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5223000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3906000
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2366000
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
71000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17261000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18585000
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
75706000
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
50590000
CY2022Q3 azek Lease Liabilities
LeaseLiabilities
100556000
CY2021Q3 azek Lease Liabilities
LeaseLiabilities
73152000
CY2022Q3 azek Lessee Lease Liability To Be Paid Due Year Five
LesseeLeaseLiabilityToBePaidDueYearFive
7684000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
7695000
CY2022Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
121243000
CY2022Q3 azek Lessee Lease Liability To Be Paid Due After Year Five
LesseeLeaseLiabilityToBePaidDueAfterYearFive
128938000
CY2020Q2 azek Accrued Liabilities For Estimated Offering Expenses
AccruedLiabilitiesForEstimatedOfferingExpenses
9200000
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120775717
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
5669000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
4007000
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3477000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1191000
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3616000
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
827000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
574000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
133000
CY2022 us-gaap Sublease Income
SubleaseIncome
347000
CY2021 us-gaap Sublease Income
SubleaseIncome
428000
CY2022 us-gaap Lease Cost
LeaseCost
12989000
CY2021 us-gaap Lease Cost
LeaseCost
5730000
CY2020 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1600000
CY2020Q3 us-gaap Future Minimum Sublease Rentals Sale Leaseback Transactions
FutureMinimumSubleaseRentalsSaleLeasebackTransactions
900000
CY2022 azek Operating Leases Operating Cash Flows
OperatingLeasesOperatingCashFlows
5973000
CY2021 azek Operating Leases Operating Cash Flows
OperatingLeasesOperatingCashFlows
4096000
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3617000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
827000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
249000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1921000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5487000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10239000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
27438000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
47578000
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.059
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.065
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6033000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
6628000
CY2022Q3 azek Lessee Lease Liability To Be Paid Due Next Twelve Months
LesseeLeaseLiabilityToBePaidDueNextTwelveMonths
12661000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4555000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
6441000
CY2022Q3 azek Lessee Lease Liability To Be Paid Due Year Two
LesseeLeaseLiabilityToBePaidDueYearTwo
10996000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3708000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
6318000
CY2022Q3 azek Lessee Lease Liability To Be Paid Due Year Three
LesseeLeaseLiabilityToBePaidDueYearThree
10026000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2490000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
6162000
CY2022Q3 azek Lessee Lease Liability To Be Paid Due Year Four
LesseeLeaseLiabilityToBePaidDueYearFour
8652000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1870000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
5814000
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022 us-gaap Revenues
Revenues
1355586000
CY2021 us-gaap Revenues
Revenues
1178974000
CY2020 us-gaap Revenues
Revenues
899259000
CY2022 azek Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
301040000
CY2021 azek Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
274187000
CY2020 azek Adjusted Earnings Before Interest Tax Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
213513000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
170938000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
175119000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
95594000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
118533000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
101604000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
99781000
CY2022Q3 us-gaap Goodwill
Goodwill
993995000
CY2021Q3 us-gaap Goodwill
Goodwill
951390000
CY2020Q3 us-gaap Goodwill
Goodwill
951390000
CY2022Q3 us-gaap Assets
Assets
2383091000
CY2021Q3 us-gaap Assets
Assets
2187834000
CY2020Q3 us-gaap Assets
Assets
1931856000
CY2022 azek Unallocated Net Expenses
UnallocatedNetExpenses
62592000
CY2021 azek Unallocated Net Expenses
UnallocatedNetExpenses
59699000
CY2020 azek Unallocated Net Expenses
UnallocatedNetExpenses
39598000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
118533000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
101604000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
99781000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18105000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22670000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
120517000
CY2020 us-gaap Restructuring Charges
RestructuringCharges
594000
CY2022 azek Business Combination Total Costs
BusinessCombinationTotalCosts
12851000
CY2020 azek Business Combination Total Costs
BusinessCombinationTotalCosts
1596000
CY2021 azek Initial Public Offering And Secondary Offering Costs
InitialPublicOfferingAndSecondaryOfferingCosts
2592000
CY2020 azek Initial Public Offering And Secondary Offering Costs
InitialPublicOfferingAndSecondaryOfferingCosts
8616000
CY2022 us-gaap Common Stock Voting Rights
CommonStockVotingRights
The Class A common stock and Class B common stock provide identical economic rights, but holders of Class B common stock have limited voting rights, specifically that such holders have no right to vote, solely with respect to their shares of Class B common stock, with respect to the election, replacement or removal of directors.
CY2022 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
Class A common stock and Class B common stock are not entitled to preemptive rights. Holders of Class B common stock may convert their shares of Class B common stock into shares of Class A common stock on a one-for-one basis, in whole or in part, at any time and from time to time at their option.
CY2022Q2 us-gaap Accelerated Share Repurchases Settlement Payment Or Receipt
AcceleratedShareRepurchasesSettlementPaymentOrReceipt
50000000
CY2022Q2 azek Accelerated Share Repurchases Termination Date
AcceleratedShareRepurchasesTerminationDate
2022-06-14
CY2022Q2 us-gaap Accelerated Share Repurchases Cash Or Stock Settlement
AcceleratedShareRepurchasesCashOrStockSettlement
86,132
CY2022Q2 us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
19.93
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4100000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3800000
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
6300000
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
28500000
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
366852
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
30.42
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
319212
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
32.95
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
62300
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
36.58
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
49265
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
31.75
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
574499
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
31.14
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.85
CY2022 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
100% of the first 1% of employee contributions, plus 50% of the next 5% of employee contributions.
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
5100000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4000000.0
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3200000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
75225000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
93150000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-122233000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75225000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
93150000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-122233000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153510110
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153777859
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
120775717
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
154517843
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
156666394
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.01
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.01
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.001
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
1379000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.011
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
19344000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.148
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
544000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.004
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
411000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.003
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
810000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
200000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-55000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8260000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2939000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1887000
CY2022 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
9070000
CY2021 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
3139000
CY2020 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
1832000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
19302000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
26240000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-7408000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
382000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-711000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2702000
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
19684000
CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
25529000
CY2020 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-10110000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28754000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28668000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-8278000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
21836000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
25583000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-27407000
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7257000
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.070
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2329000
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.019
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-960000
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.006
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-350000
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