Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2023

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				Nine Months Ended
Product type	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
	(In thousands)				(In thousands)
Specialty products	$	558,851	$	724,323	$	1,697,679	$	2,280,090
Structural products	251,130		336,438		726,173		1,322,355
Total net sales	$	809,981	$	1,060,761	$	2,423,852	$	3,602,445

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	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
	(In thousands)				(In thousands)
Warehouse and reload	$	683,072	$	889,349	$	2,065,212	$	2,987,636
Direct	143,026		193,446		405,335		680,333
Customer discounts and rebates	(16,117)		(22,034)		(46,695)		(65,524)
Total net sales	$	809,981	$	1,060,761	$	2,423,852	$	3,602,445