Revenue

12 Months Ended

Dec. 31, 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 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 in the arrangement 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 18%, 18%, and 19% in each of the years ended December 31, 2020, 2019 and 2018, respectively.

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

	2020		2019		2018
Millwork	$	357.0	$	384.6	$	400.6
Building Products		379.0		366.6		365.4
Wood Products		56.3		60.8		73.6
Net Sales	$	792.3	$	812.0	$	839.6