Revenue Recognition (Tables)

12 Months Ended

Dec. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Revenues Disaggregated by Revenue Source and Sales Channel

The following table presents the Company’s revenues disaggregated by revenue source. Sales and usage-based taxes are excluded from revenues. No single customer of the Company generated 10% or more of the Company’s total net sales during fiscal years 2023, 2022 or 2021.


	Fiscal Year Ended
	December 30, 2023		December 31, 2022		January 1, 2022
	(In thousands)
Specialty products	$	2,184,240	$	2,871,628	$	2,520,305
Structural products	952,141		1,578,586		1,756,873
Total net sales	$	3,136,381	$	4,450,214	$	4,277,178

The following table presents the Company’s revenues disaggregated by sales channel. Warehouse sales are delivered from the Company’s warehouses. Reload sales are similar to warehouse sales but are shipped from non-warehouse locations, most of which are operated by third parties, where the Company stores owned products to enhance operating efficiencies. The reload channel is employed primarily to service strategic customers that are less economical to service from Company warehouses, and to distribute large volumes of imported products from port facilities. Direct sales are shipped from the manufacturer to the customer and therefore the Company does not take taking physical possession of the inventory and, as a result, typically generate lower margins than the warehouse and reload distribution channels. The direct distribution channel requires the lowest amount of committed capital and fixed costs.


	Fiscal Year Ended
	December 30, 2023		December 31, 2022		January 1, 2022
	(In thousands)
Warehouse and reload	$	2,663,107	$	3,714,898	$	3,513,277
Direct	535,163		815,864		832,871
Cash discounts and rebates	(61,889)		(80,548)		(68,970)
Total net sales	$	3,136,381	$	4,450,214	$	4,277,178