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Revenue
12 Months Ended
Dec. 31, 2018
Revenue From Contract With Customer [Abstract]  
Revenue

3.    REVENUE

Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods.  The Company reports sales revenue, including direct sales, on a net basis, which includes gross revenue adjustments for estimated returns, cash payment discounts based on the satisfaction of outstanding receivables, and volume purchase rebates.  The Company’s customer payment terms are typical for our industry; these terms vary by customer and location, as well as by the products purchased.

Regarding direct sales, the Company is the principal of these arrangements and is responsible for fulfilling the promise to provide specific goods to its customers, including product specifications, pricing and modifications prior to delivery.  Direct sales as a percent of net sales were 19%, 17% and 15% in each of the years ended December 31, 2018, 2017 and 2016, respectively.

The following table disaggregates revenue by product classification:

 

 

 

2018

 

 

2017

 

 

2016

 

Millwork

 

$

400.6

 

 

$

381.4

 

 

$

364.1

 

Building Products

 

 

365.4

 

 

 

299.0

 

 

 

278.7

 

Wood Products

 

 

73.6

 

 

 

72.8

 

 

 

71.1

 

Net Sales

 

 

839.6

 

 

 

753.2

 

 

 

713.9