Revenue Recognition (Tables)

6 Months Ended

Jul. 02, 2022

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. Sales and usage-based taxes are excluded from revenues.


	Three Months Ended				Six Months Ended
Product type	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
	(In thousands)				(In thousands)
Specialty products	$	787,860	$	675,189	$	1,555,767	$	1,237,811
Structural products	451,519		632,724		985,917		1,095,571
Total net sales	$	1,239,379	$	1,307,913	$	2,541,684	$	2,333,382

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				Six Months Ended
Sales channel	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
	(In thousands)				(In thousands)
Warehouse and reload	$	1,020,341	$	1,062,149	$	2,098,287	$	1,911,569
Direct	240,235		265,280		486,887		456,409
Customer discounts and rebates	(21,197)		(19,516)		(43,490)		(34,596)
Total net sales	$	1,239,379	$	1,307,913	$	2,541,684	$	2,333,382