Revenue from Contracts with Customers (Tables)

12 Months Ended

Jan. 01, 2022

Revenue from Contract with Customer [Abstract]

Revenue from contracts with customers disaggregated by product category is as follows (in thousands):


	2021		2020		2019
Systems and storage	$	833,220	$	741,183	$	951,965
Seating	481,739		489,342		583,245
Other	119,026		135,186		161,976
Total workplace furnishings	1,433,985		1,365,711		1,697,186

Residential building products	750,423		589,652		549,761
	$	2,184,408	$	1,955,363	$	2,246,947

Contract with Customer, Asset and Liability

Contract assets and contract liabilities were as follows (in thousands):


	January 1, 2022		January 2, 2021
Trade receivables (1)	$	239,955	$	207,971
Contract assets (current) (2)	$	1,471	$	761
Contract assets (long-term) (3)	$	18,198	$	2,486
Contract liabilities (4)	$	58,716	$	53,070

The index below indicates the line item in the Consolidated Balance Sheets where contract assets and contract liabilities are reported:

(1) "Receivables"

(2) "Prepaid expenses and other current assets"

(3) "Other Assets"

(4) "Accounts payable and accrued expenses"

Changes in contract asset and contract liability balances during the year ended January 1, 2022 were as follows (in thousands):


	Contract assets increase (decrease)		Contract liabilities (increase) decrease
Contract assets recognized	$	17,294	$	—
Reclassification of contract assets to contra-revenue	(872)		—

Contract liabilities recognized and recorded to contra-revenue as a result of performance obligations satisfied	—		(121,654)
Contract liabilities paid	—		122,127
Cash received in advance and not recognized as revenue	—		(115,242)
Reclassification of cash received in advance to revenue as a result of performance obligations satisfied	—		109,919
Impact of business combinations	—		(796)
Net change	$	16,422	$	(5,646)

The increase in contract assets in 2021 is due to payments made in connection with multi-year distribution agreements in the workplace furnishings segment.

Changes in contract asset and contract liability balances during the year ended January 2, 2021 were as follows (in thousands):


	Contract assets increase (decrease)		Contract liabilities (increase) decrease
Contract assets recognized	$	358	$	—
Reclassification of contract assets to contra-revenue	(668)		—

Contract liabilities recognized and recorded to contra-revenue as a result of performance obligations satisfied	—		(122,501)
Contract liabilities paid	—		136,876
Cash received in advance and not recognized as revenue	—		(82,251)
Reclassification of cash received in advance to revenue as a result of performance obligations satisfied	—		76,047
Impact of business combination	—		(6,269)
Net change	$	(310)	$	1,902