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REVENUE
3 Months Ended
Apr. 01, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Contract Balances

Accounts receivable represent an unconditional right to receive consideration from a customer and are recorded at net invoiced amounts, less an estimated allowance for doubtful accounts.

Contract liabilities are recorded when the customer pays consideration before the transfer of a good to the customer and thus represent our obligation to transfer the good to the customer at a future date. Our contract liabilities relate to advance cash deposits received from customers for certain customized product orders. As products are shipped and control transfers, we recognize contract liabilities as revenue.

The following table provides information about accounts receivable and contract liabilities at the periods indicated (in thousands):

April 1,
2023
December 31,
2022
Accounts receivable, net$95,582 $79,446 
Contract liabilities$(7,279)$(7,702)
For the three months ended April 1, 2023, we recognized $7.7 million of revenue that was previously included in the contract liability balance at the beginning of the period.
Disaggregation of Revenue

The following table disaggregates our net sales by channel, product category, and geography (based on end-consumer location) for the periods indicated (in thousands):
Three Months Ended
April 1,
2023
April 2,
2022
Net Sales by Channel
Wholesale$135,829 $137,666 
Direct-to-consumer166,967 155,962 
Total net sales$302,796 $293,628 
Net Sales by Category
Coolers & Equipment$104,354 $102,958 
Drinkware190,287 183,998 
Other8,155 6,672 
Total net sales$302,796 $293,628 
Net Sales by Geographic Region
United States$252,986 $256,253 
International49,810 37,375 
Total net sales$302,796 $293,628 
For the three months ended April 1, 2023, no single customer represented over 10% of gross sales. For the three months ended  April 2, 2022, our largest single customer represented approximately 11% of gross sales.