2020 Q4 Form 10-K Financial Statement

#000155837021002324 Filed on March 03, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $1.394B $998.0M $1.163B
YoY Change 39.64% 1.0% -4.1%
Cost Of Revenue $1.207B $840.8M $975.8M
YoY Change 43.52% -1.14% -7.43%
Gross Profit $187.1M $157.3M $187.3M
YoY Change 18.95% 14.25% 18.02%
Gross Profit Margin 13.42% 15.76% 16.1%
Selling, General & Admin $86.80M $104.8M $116.0M
YoY Change -17.18% 14.04% 12.91%
% of Gross Profit 46.4% 66.64% 61.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.60M $17.40M $17.30M
YoY Change 12.64% 5.45% 8.13%
% of Gross Profit 10.48% 11.06% 9.24%
Operating Expenses $88.90M $104.8M $116.0M
YoY Change -15.17% 14.04% 12.91%
Operating Profit $98.16M $52.46M $70.47M
YoY Change 87.12% 14.67% 23.65%
Interest Expense -$200.0K -$200.0K $1.900M
YoY Change 0.0% -95.35% -2.31%
% of Operating Profit -0.2% -0.38% 2.7%
Other Income/Expense, Net
YoY Change
Pretax Income $88.10M $51.60M $68.98M
YoY Change 70.74% 26.16% 24.83%
Income Tax $23.30M $12.90M $16.40M
% Of Pretax Income 26.45% 25.0% 23.77%
Net Earnings $62.95M $37.74M $51.86M
YoY Change 66.82% 23.72% 25.81%
Net Earnings / Revenue 4.52% 3.78% 4.46%
Basic Earnings Per Share $1.02 $0.61 $0.84
Diluted Earnings Per Share $1.02 $0.61 $0.84
COMMON SHARES
Basic Shares Outstanding 60.17M
Diluted Shares Outstanding 60.20M

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $460.8M $186.9M $81.50M
YoY Change 146.55% 343.94% 93.59%
Cash & Equivalents $436.5M $168.3M $64.50M
Short-Term Investments $24.30M $18.50M $17.00M
Other Short-Term Assets $33.81M $41.71M $54.30M
YoY Change -18.93% 8.26% 83.58%
Inventory $567.3M $486.9M $479.4M
Prepaid Expenses
Receivables $470.5M $364.0M $474.6M
Other Receivables $5.800M $13.30M $1.500M
Total Short-Term Assets $1.538B $1.093B $1.092B
YoY Change 40.74% 9.83% 4.32%
LONG-TERM ASSETS
Property, Plant & Equipment $417.2M $387.2M $385.0M
YoY Change 7.75% 9.15% 11.17%
Goodwill $252.2M $229.5M $232.4M
YoY Change 9.87% 2.42% 6.3%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.30M $24.88M $23.09M
YoY Change -18.43% 187.28% 227.35%
Total Long-Term Assets $866.5M $796.4M $788.5M
YoY Change 8.81% 22.1% 25.1%
TOTAL ASSETS
Total Short-Term Assets $1.538B $1.093B $1.092B
Total Long-Term Assets $866.5M $796.4M $788.5M
Total Assets $2.405B $1.889B $1.881B
YoY Change 27.28% 14.68% 12.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $211.5M $142.5M $180.8M
YoY Change 48.46% 4.07% 2.76%
Accrued Expenses $240.6M $202.1M $197.9M
YoY Change 19.05% 41.82% 35.46%
Deferred Revenue $11.53M $6.622M $6.666M
YoY Change 74.12% 104.07% 34.53%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $100.0K $2.816M $152.0K
YoY Change -96.45% 1802.7% 2.01%
Total Short-Term Liabilities $463.7M $354.0M $385.4M
YoY Change 30.99% 14.14% 7.58%
LONG-TERM LIABILITIES
Long-Term Debt $311.6M $160.9M $162.9M
YoY Change 93.7% -20.41% -12.7%
Other Long-Term Liabilities $59.61M $29.07M $28.45M
YoY Change 105.04% -5.85% 5.66%
Total Long-Term Liabilities $371.2M $189.9M $191.3M
YoY Change 95.44% -18.48% -10.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $463.7M $354.0M $385.4M
Total Long-Term Liabilities $371.2M $189.9M $191.3M
Total Liabilities $921.7M $631.7M $651.5M
YoY Change 45.9% 13.04% 11.29%
SHAREHOLDERS EQUITY
Retained Earnings $1.183B $995.0M $969.6M
YoY Change 18.86% 18.47% 15.23%
Common Stock $61.21M $61.41M $61.39M
YoY Change -0.33% 0.86% -0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.460B $1.244B $1.215B
YoY Change
Total Liabilities & Shareholders Equity $2.405B $1.889B $1.881B
YoY Change 27.28% 14.68% 12.13%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $62.95M $37.74M $51.86M
YoY Change 66.82% 23.72% 25.81%
Depreciation, Depletion And Amortization $19.60M $17.40M $17.30M
YoY Change 12.64% 5.45% 8.13%
Cash From Operating Activities $151.4M $151.2M $127.2M
YoY Change 0.13% 167.14% 32.22%
INVESTING ACTIVITIES
Capital Expenditures -$22.20M -$18.60M -$23.80M
YoY Change 19.35% -13.08% 17.82%
Acquisitions
YoY Change
Other Investing Activities -$31.60M -$17.50M -$34.30M
YoY Change 80.57% 22.38% 1391.3%
Cash From Investing Activities -$53.80M -$36.00M -$58.30M
YoY Change 49.44% 1.12% 159.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.00M -12.10M -24.90M
YoY Change -17.36% -37.63% -72.64%
NET CHANGE
Cash From Operating Activities 151.4M 151.2M 127.2M
Cash From Investing Activities -53.80M -36.00M -58.30M
Cash From Financing Activities -10.00M -12.10M -24.90M
Net Change In Cash 87.60M 103.1M 44.00M
YoY Change -15.03% 6343.75% -354.34%
FREE CASH FLOW
Cash From Operating Activities $151.4M $151.2M $127.2M
Capital Expenditures -$22.20M -$18.60M -$23.80M
Free Cash Flow $173.6M $169.8M $151.0M
YoY Change 2.24% 117.69% 29.73%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">FISCAL YEAR</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Our fiscal year is a 52 or 53 week period, ending on the last Saturday of December. Unless otherwise stated, references to 2020, 2019, and 2018 relate to the fiscal years ended December 26, 2020, December 28, 2019, and December 29, 2018, respectively. Fiscal years 2020, 2019, and 2018 were comprised of 52 weeks. </p>
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77500000
CY2019Q4 ufpi Concentration Of Accounts Receivable
ConcentrationOfAccountsReceivable
42800000
CY2020Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
20800000
CY2019Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
20200000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
11530000
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6622000
CY2020Q4 ufpi Number Of Insurance Contracts With Third Party
NumberOfInsuranceContractsWithThirdParty
45
CY2020Q4 ufpi Reserve Associated With Contracts To Third Party
ReserveAssociatedWithContractsToThirdParty
4500000
CY2019Q4 ufpi Reserve Associated With Contracts To Third Party
ReserveAssociatedWithContractsToThirdParty
5700000
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5153998000
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4416009000
CY2020 ufpi Revenue Change In Revenue Percentage
RevenueChangeInRevenuePercentage
0.167
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
4169000
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
4690000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
246778000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
179650000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
148598000
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
6903000
CY2019 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
4496000
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3396000
CY2020 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
239875000
CY2019 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
175154000
CY2018 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
145202000
CY2020 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
61632000
CY2019 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
61649000
CY2018 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
61762000
CY2020 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1724000
CY2019 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1543000
CY2018 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1411000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59908000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60106000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60351000
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
20000
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
24000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
82000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59928000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60130000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60433000
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.00
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.91
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.41
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.00
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.91
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.40
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">USE OF ACCOUNTING ESTIMATES</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us 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 as well as the reported amounts of revenues and expenses during the reporting period. We believe our estimates to be reasonable; however, actual results could differ from these estimates.</p>
CY2020 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
37000000.0
CY2020 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
2400000
CY2018Q4 us-gaap Goodwill
Goodwill
224117000
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
8839000
CY2019 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-3620000
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
200000
CY2019Q4 us-gaap Goodwill
Goodwill
229536000
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
33535000
CY2020 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
204000
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
11485000
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
403000
CY2020Q4 us-gaap Goodwill
Goodwill
252193000
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
7400000
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
7400000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
99268000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
27016000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
72252000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
66645000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
18332000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
48313000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8700000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6300000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6400000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12074000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
11759000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
11018000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
10795000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
7900000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
18706000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
72252000
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
41000000.0
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
37300000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
311853000
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
163850000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
100000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2816000
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
146000
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
167000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
311607000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
160867000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
100000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
38738000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
4715000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
40000000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
228300000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
311853000
CY2020Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
341400000
CY2020 us-gaap Fair Value Liabilities Measured On Recurring Basis Debt Instrument Valuation Techniques Change In Technique Quantification Of Effect
FairValueLiabilitiesMeasuredOnRecurringBasisDebtInstrumentValuationTechniquesChangeInTechniqueQuantificationOfEffect
29500000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
21594000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
20771000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2863000
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
110000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
3985000
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
1484000
CY2020 us-gaap Sublease Income
SubleaseIncome
1013000
CY2019 us-gaap Sublease Income
SubleaseIncome
676000
CY2020 us-gaap Lease Cost
LeaseCost
27429000
CY2019 us-gaap Lease Cost
LeaseCost
21689000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
20000000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
20000000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12800000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
33400000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
18671000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15219000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12126000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1033626
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
24.24
CY2017Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
7100000
CY2017 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y3M21D
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9594000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8102000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
25961000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
89673000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11615000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
78058000
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
28400000
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
29900000
CY2018 us-gaap Operating Lease Expense
OperatingLeaseExpense
28100000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M2D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y3M14D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0312
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0310
CY2020Q4 ufpi Number Of Participants Deferred Settlement
NumberOfParticipantsDeferredSettlement
2
CY2020 ufpi Period Of Time For Deferred Settlement
PeriodOfTimeForDeferredSettlement
P5Y
CY2020Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
200000
CY2019Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
300000
CY2020Q4 us-gaap Life Settlement Contracts Investment Method Face Value
LifeSettlementContractsInvestmentMethodFaceValue
13300000
CY2019Q4 us-gaap Life Settlement Contracts Investment Method Face Value
LifeSettlementContractsInvestmentMethodFaceValue
16600000
CY2020Q4 us-gaap Other Deferred Compensation Arrangements Liability Classified Noncurrent
OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent
36600000
CY2019Q4 us-gaap Other Deferred Compensation Arrangements Liability Classified Noncurrent
OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent
33100000
CY2019 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
19000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
247068
CY2018 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
36.52
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
107865
CY2018 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
18.11
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
12750
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
24.19
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1160079
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
23.32
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
7600000
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y1M13D
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
318496
CY2019 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
32.60
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
224894
CY2019 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
23.42
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
50786
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
24.18
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1202895
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
29.68
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
7900000
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y10M9D
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
348016
CY2020 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
47.60
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
177790
CY2020 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
22.69
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
9327
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
33.46
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1363794
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
35.14
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
6300000
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y7M13D
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
4000000.0
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
4000000.0
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
3600000
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000.0
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
800000
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
700000
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1400000
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1100000
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1000000.0
CY2001Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
2500000
CY2010Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
2000000
CY2020 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
756397
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2019Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
1100000
CY2018 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.25
CY2019 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.25
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.25
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
7200000
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6500000
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3400000
CY2020 ufpi Defined Contribution Plan Costs Performance Goals
DefinedContributionPlanCostsPerformanceGoals
2900000
CY2019 ufpi Defined Contribution Plan Costs Performance Goals
DefinedContributionPlanCostsPerformanceGoals
2600000
CY2020 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
CY2020 ufpi Number Of Years Of Service With Company
NumberOfYearsOfServiceWithCompany
P20Y
CY2020 ufpi Number Of Years Of Service With Company As Officer
NumberOfYearsOfServiceWithCompanyAsOfficer
P10Y
CY2020 ufpi Percentage Of Officer S Highest Base Salary
PercentageOfOfficerSHighestBaseSalary
1.50
CY2020 ufpi Years Preceding Separation From Service
YearsPrecedingSeparationFromService
P3Y
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
59055000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
35267000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
31492000
CY2020 us-gaap Current State And Local Tax Expense Benefit
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