Revenues

3 Months Ended

Mar. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenues

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
	March 30, 2024		April 1, 2023
Industrial & Commercial	$	65,262	$	150,713
Home & Life	41,113		96,074
	$	106,375	$	246,787

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 March 30, 2024 and April 1, 2023, the Company recognized revenue of $4.2 million and $4.9 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
	March 30, 2024		April 1, 2023
Distributors	$	70,360	$	204,872
Direct customers	36,015		41,915
	$	106,375	$	246,787