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Revenue | 6 Months Ended
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Jun. 27, 2024
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue Net sales consist of revenue associated with contracts with customers for the sale of goods and services in amounts that reflect the consideration the Company is entitled to receive in exchange for those goods and services. Deferred Revenue & Contract Liabilities In accordance with ASC 606, Revenue from Contracts with Customers, the Company recognizes revenue when the customer obtains control of the inventory. Amounts in deferred revenue at period-end reflect orders for which the inventory was not yet ready for physical transfer to customers. Contract liabilities within the Condensed Consolidated Balance Sheets as of June 27, 2024 and December 28, 2023 primarily consisted of deferred revenue as well as amounts in accrued expenses and other current liabilities related to the Pro Premier Rewards loyalty program and unredeemed gift cards. As of June 27, 2024, contract liabilities totaled $73.3 million and included $50.5 million of loyalty program liabilities, $13.3 million of deferred revenue, and $9.5 million of unredeemed gift cards. As of December 28, 2023, contract liabilities totaled $69.6 million and included $45.6 million of loyalty program liabilities, $11.3 million of deferred revenue, and $12.7 million of unredeemed gift cards. Of the contract liabilities outstanding as of December 28, 2023, approximately $15.5 million was recognized in revenue during the twenty-six weeks ended June 27, 2024. Disaggregated Revenue The Company has one reportable segment. The following table presents the net sales of each major product category (dollars in thousands):
|  | Thirteen Weeks Ended
|  | June 27, 2024 |  | June 29, 2023
Product Category |  | Net Sales |  | % of Net Sales |  | Net Sales |  | % of Net Sales
Laminate and vinyl |  | $ | 271,995 |  |  | 24 | % |  | $ | 299,349 |  |  | 26 | %
Tile |  | 262,430 |  |  | 23 |  |  | 271,263 |  |  | 24 |
Installation materials and tools |  | 232,409 |  |  | 21 |  |  | 208,448 |  |  | 18 |
Decorative accessories and wall tile |  | 195,516 |  |  | 17 |  |  | 190,779 |  |  | 17 |
Wood |  | 66,390 |  |  | 6 |  |  | 64,340 |  |  | 6 |
Natural stone |  | 53,431 |  |  | 5 |  |  | 53,885 |  |  | 5 |
Adjacent categories |  | 25,053 |  |  | 2 |  |  | 20,013 |  |  | 2 |
Other (1) |  | 25,915 |  |  | 2 |  |  | 27,822 |  |  | 2 |
Total |  | $ | 1,133,139 |  |  | 100 | % |  | $ | 1,135,899 |  |  | 100 | %
|  | Twenty-six Weeks Ended
|  | June 27, 2024 |  | June 29, 2023
Product Category |  | Net Sales |  | % of Net Sales |  | Net Sales |  | % of Net Sales
Laminate and vinyl |  | $ | 537,388 |  |  | 24 | % |  | $ | 598,727 |  |  | 27 | %
Tile |  | 518,816 |  |  | 23 |  |  | 535,848 |  |  | 24 |
Installation materials and tools |  | 451,896 |  |  | 20 |  |  | 410,517 |  |  | 18 |
Decorative accessories and wall tile |  | 389,384 |  |  | 18 |  |  | 389,357 |  |  | 17 |
Wood |  | 134,130 |  |  | 6 |  |  | 126,562 |  |  | 6 |
Natural stone |  | 103,423 |  |  | 5 |  |  | 108,910 |  |  | 5 |
Adjacent categories |  | 48,111 |  |  | 2 |  |  | 40,025 |  |  | 1 |
Other (1) |  | 47,280 |  |  | 2 |  |  | 48,005 |  |  | 2 |
Total |  | $ | 2,230,428 |  |  | 100 | % |  | $ | 2,257,951 |  |  | 100 | %
(1) Other includes delivery, sample, and other product revenue and adjustments for deferred revenue, sales returns reserves, and other revenue related adjustments that are not allocated on a product-category basis.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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