Revenues

12 Months Ended

Dec. 31, 2022

Revenues

Revenues

15. 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):

	Year Ended
	December 31,		January 1,		January 2,
	2022		2022		2021
Industrial & Commercial	$	573,725	$	377,401	$	264,649
Home & Life		450,381		343,459		246,279
	$	1,024,106	$	720,860	$	510,928

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 recognized revenue of $30.1 million, $12.4 million and $11.5 million during fiscal 2022, 2021 and 2020, respectively, from performance obligations that were satisfied in previous reporting periods. The following disaggregates the Company’s revenue by sales channel (in thousands):

	Year Ended
	December 31,		January 1,		January 2,
	2022		2022		2021
Distributors	$	829,373	$	584,010	$	416,606
Direct customers		194,733		136,850		94,322
	$	1,024,106	$	720,860	$	510,928