Revenues

12 Months Ended

Dec. 30, 2023

Revenues

Revenues

14. 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 30,		December 31,		January 1,
	2023		2022		2022
Industrial & Commercial	$	496,578	$	573,725	$	377,401
Home & Life		285,680		450,381		343,459
	$	782,258	$	1,024,106	$	720,860

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 did not recognize any revenue during fiscal 2023 from performance obligations that were satisfied in previous reporting periods, and recognized revenue of $30.1 million and $12.4 million during fiscal 2022 and 2021, 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 30,		December 31,		January 1,
	2023		2022		2022
Distributors	$	611,332	$	829,373	$	584,010
Direct customers		170,926		194,733		136,850
	$	782,258	$	1,024,106	$	720,860