Revenues

6 Months Ended

Jul. 01, 2023

Revenues

Revenues

8. 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 1,		July 2,		July 1,		July 2,
	2023		2022		2023		2022
Industrial & Commercial	$	165,303	$	144,144	$	316,016	$	270,813
Home & Life		79,563		119,006		175,637		226,151
	$	244,866	$	263,150	$	491,653	$	496,964

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 and six months ended July 1, 2023, the Company did not recognize any revenue related to performance obligations that were satisfied in previous reporting periods. During the three and six months ended July 2, 2022, the Company recognized revenue of $36.5 million and $32.0 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 1,		July 2,		July 1,		July 2,
	2023		2022		2023		2022
Distributors	$	187,646	$	211,943	$	392,518	$	404,208
Direct customers		57,220		51,207		99,135		92,756
	$	244,866	$	263,150	$	491,653	$	496,964