Revenue

9 Months Ended

Sep. 30, 2020

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 vary by customer, location, and the products purchased but are typical for the Company’s industry.

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 percentage of net sales were 16.0% and 15.5% in the three-month periods ended September 30, 2020 and 2019, respectively, and 18.6% and 19.1% in the nine-month periods ended September 30, 2020 and 2019, respectively.

The following table disaggregates revenue by product classification (in millions):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Millwork products	$	90.8	$	99.6	$	268.7	$	294.3
Building products		106.1		100.4		296.1		289.7
Wood products		15.8		15.7		42.9		47.6
Net sales	$	212.7	$	215.7	$	607.7	$	631.6