Revenues

6 Months Ended

Jun. 29, 2024

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

The Company groups its products as Industrial & Commercial or Home & Life based on the target markets they address. The following represents revenue by product category (in thousands):

	Three Months Ended				Six Months Ended
	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Industrial & Commercial	$	88,083	$	165,303	$	153,345	$	316,016
Home & Life	57,284		79,563		98,397		175,637
	$	145,367	$	244,866	$	251,742	$	491,653

A portion of the Company’s sales are made to distributors under agreements allowing certain rights of return and/or price protection related to the final selling price to the end customers. These factors impact the timing and uncertainty of revenues and cash flows. During the three and six months ended June 29, 2024, the Company recognized revenue of $0.0 million and $2.1 million, respectively, from performance obligations that were satisfied in previous reporting periods. During the three and six months ended July 1, 2023, the Company did not recognize any revenue related to performance obligations that were satisfied in previous reporting periods. The following disaggregates the Company’s revenue by sales channel (in thousands):

	Three Months Ended				Six Months Ended
	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Distributors	$	99,931	$	187,646	$	170,290	$	392,518
Direct customers	45,436		57,220		81,452		99,135
	$	145,367	$	244,866	$	251,742	$	491,653