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Revenue Recognition (Tables)

9 Months Ended

Oct. 02, 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												Nine Months Ended
Product type						October 2, 2021						September 26, 2020						October 2, 2021						September 26, 2020
						(In thousands)												(In thousands)
Structural products						$	329,818					$	375,072					$	1,425,389					$	865,302
Specialty products						641,024						495,991						1,878,835						1,366,607
Total net sales						$	970,842					$	871,063					$	3,304,224					$	2,231,909

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 warehouses, most of which are operated by third-parties, 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. Sales and usage-based taxes are excluded from revenues.

						Three Months Ended												Nine Months Ended
Sales channel						October 2, 2021						September 26, 2020						October 2, 2021						September 26, 2020
						(In thousands)												(In thousands)
Warehouse and reload						$	783,758					$	745,185					$	2,695,326					$	1,901,285
Direct						204,524						138,750						660,934						363,250
Customer discounts and rebates						(17,440)						(12,872)						(52,036)						(32,626)
Total net sales						$	970,842					$	871,063					$	3,304,224					$	2,231,909

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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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