Revenues and Segment Reporting

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenues and Segment Reporting

Revenues and Segment Reporting:

The following table presents our revenues disaggregated by each major product category and service for each of the last three years (dollars in thousands, amounts and percentages may not always add due to rounding):

	Year Ended December 31,
	2022				2021				2020
	Net Sales		% of Net Sales		Net Sales		% of Net Sales		Net Sales		% of Net Sales
Merchandise:
Case Goods
Bedroom Furniture	$	168,432	16.1	%	$	156,033	15.4	%	$	116,753	15.6	%
Dining Room Furniture	118,139		11.3		109,522		10.8		79,766		10.7
Occasional	85,278		8.1		86,849		8.6		65,764		8.8
	371,849		35.5		352,404		34.8		262,283		35.1
Upholstery	445,306		42.5		433,525		42.8		315,714		42.2
Mattresses	85,208		8.1		90,224		8.9		72,855		9.7
Accessories and Other (1)	144,852		13.8		136,646		13.5		97,400		13.0
	$	1,047,215	100.0	%	$	1,012,799	100.0	%	$	748,252	100.0	%

(1)Includes delivery charges and product protection.

Estimated refunds for returns and allowances are recorded based on estimated margin using our historical return patterns. We record estimated refunds for sales returns on a gross basis and the carrying value of the return asset is presented separately from inventory. Estimated return inventory of $875,000 and $822,000 at December 31, 2022 and 2021, respectively, is included in the line item “Other current assets” and the estimated refund liability of $2,588,000 and $2,447,000 at December 31, 2022 and 2021, respectively, is included in the line item “Accrued liabilities” on the Consolidated Balance Sheets.

We record customer deposits when payments are received in advance of the delivery of merchandise, which totaled $47,969,000 and $98,897,000 at December 31, 2022 and December 31, 2021, respectively. Of the customer deposit liabilities at December 31, 2021, approximately $494,000 has not been recognized through net sales in the twelve months ended December 31, 2022.

We typically offer our customers an opportunity for us to deliver their purchases and most choose this service. Delivery fees of approximately $52,199,000, $50,002,000 and $30,824,000 were charged to customers in 2022, 2021 and 2020, respectively, and are included in net sales. The costs associated with deliveries are included in selling, general and administrative expenses and were approximately $48,071,000, $45,914,000, and $35,885,000 in 2022, 2021 and 2020, respectively.

We operate within a single reportable segment. We use a market area approach for both financial and operational decision making. Each of these market areas are considered individual operating segments. The individual operating segments all have similar economic characteristics. The retail stores within the market areas are similar in size and carry substantially identical products selected for the same target customer. We also use the same distribution methods chain-wide.