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Revenue Recognition (Tables)

6 Months Ended

Jul. 03, 2021

Revenue from Contract with Customer [Abstract]

Schedule of Revenues Disaggregated by Revenue Source and Sales Channel

The following table presents our revenues disaggregated by revenue source. Certain prior year amounts have been reclassified to conform to the current year product mix of structural and specialty products. Sales and usage-based taxes are excluded from revenues.

						Three Months Ended												Six Months Ended
Product type						July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
						(In thousands)												(In thousands)
Structural products						$	632,724					$	249,542					$	1,095,571					$	490,310
Specialty products						675,189						449,234						1,237,811						870,536
Total net sales						$	1,307,913					$	698,776					$	2,333,382					$	1,360,846

The following table presents our revenues disaggregated by sales channel. Warehouse sales are delivered from our warehouses. Reload sales are similar to warehouse sales but are shipped from third-party warehouses where we store owned products to enhance our operating efficiencies. This channel is employed primarily to service strategic customers that would be less economical to service from our warehouses, and to distribute large volumes of imported products from port facilities. Direct sales are shipped from the manufacturer to the customer without our taking physical possession of the inventory and, as a result, typically generate lower margins than our warehouse and reload distribution channels. This distribution channel requires the lowest amount of committed capital and fixed costs. Following the acquisition and integration of Cedar Creek, our reload sales were less distinct from warehouse sales, as they have been classified in prior periods. Sales and usage-based taxes are excluded from revenues.

						Three Months Ended												Six Months Ended
Sales channel						July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
						(In thousands)												(In thousands)
Warehouse and reload						$	1,062,149					$	601,279					$	1,911,569					$	1,163,472
Direct						265,280						107,848						456,409						217,129
Customer discounts and rebates						(19,516)						(10,351)						(34,596)						(19,755)
Total net sales						$	1,307,913					$	698,776					$	2,333,382					$	1,360,846

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

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- References

No definition available.

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