Revenues

9 Months Ended

Oct. 01, 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				Nine Months Ended
	October 1,		October 2,		October 1,		October 2,
	2022		2021		2022		2021
Industrial & Commercial	$	145,661	$	93,339	$	416,475	$	261,475
Home & Life		124,156		91,492		350,306		250,705
	$	269,817	$	184,831	$	766,781	$	512,180

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. During the three months ended October 1, 2022 and October 2, 2021 and the nine months ended October 1, 2022 and October 2, 2021, the Company recognized revenue of $4.5 million, $10.0 million, $30.7 million and $10.9 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				Nine Months Ended
	October 1,		October 2,		October 1,		October 2,
	2022		2021		2022		2021
Distributors	$	217,355	$	148,773	$	621,563	$	414,692
Direct customers		52,462		36,058		145,218		97,488
	$	269,817	$	184,831	$	766,781	$	512,180