v3.25.2
Revenue Recognition
 6 Months Ended
Jun. 28, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The following table presents the Company’s revenues disaggregated by revenue source. Sales and usage-based taxes are excluded from revenues.
Three Fiscal Months EndedSix Fiscal Months Ended
Product typeJune 28, 2025June 29, 2024June 28, 2025June 29, 2024
(In thousands)
Specialty products$543,459 $539,466 $1,022,846 $1,043,300 
Structural products236,648 228,897 466,487 451,307 
Total net sales$780,107 $768,363 $1,489,333 $1,494,607 

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 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.
Three Fiscal Months EndedSix Fiscal Months Ended
Sales channelJune 28, 2025June 29, 2024June 28, 2025June 29, 2024
(In thousands)
Warehouse and reload$639,982 $629,193 $1,221,775 $1,220,961 
Direct155,090 155,351 297,582 305,101 
Customer discounts and rebates(14,965)(16,181)(30,024)(31,455)
Total net sales$780,107 $768,363 $1,489,333 $1,494,607 

The Company generally expenses sales commissions when incurred because the amortization period would typically be one year or less. These expenses are recorded within SG&A expense.

The Company has made an accounting policy election to treat outbound shipping and handling activities as an SG&A expense. Shipping and handling expenses include amounts related to the administration of the Company’s logistical infrastructure, handling of material in its warehouses, and amounts pertaining to the delivery of products to customers, such as fuel and maintenance expenses for mobile fleet, wages for drivers, and third-party freight charges. These expenses were $41.3 million and $37.6 million for the three fiscal months ended June 28, 2025 and June 29, 2024, respectively, and $80.8 million and $75.8 million for the six fiscal months ended June 28, 2025 and June 29, 2024, respectively.

Performance obligations in contracts with customers generally consist solely of the delivery of goods.