Revenues

6 Months Ended

Jul. 02, 2022

Revenues

Revenues

9. 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
	July 2,		July 3,		July 2,		July 3,
	2022		2021		2022		2021
Industrial & Commercial	$	144,144	$	89,412	$	270,813	$	168,137
Home & Life		119,006		80,080		226,151		159,212
	$	263,150	$	169,492	$	496,964	$	327,349

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. The Company periodically reviews the assumptions used to estimate consideration it will be entitled to receive from customers. In the second quarter of fiscal 2022, the Company adjusted certain assumptions used to estimate the constraint on variable consideration, which increased revenue by $11.4 million and $5.0 million in the three and six months ended July 2, 2022, respectively. During the three months ended July 2, 2022 and July 3, 2021 and the six months ended July 2, 2022 and July 3, 2021, the Company recognized revenue of $36.5 million, $8.4 million, $32.0 million and $9.3 million, respectively, from 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
	July 2,		July 3,		July 2,		July 3,
	2022		2021		2022		2021
Distributors	$	211,943	$	137,933	$	404,208	$	265,919
Direct customers		51,207		31,559		92,756		61,430
	$	263,150	$	169,492	$	496,964	$	327,349