Revenue

3 Months Ended

Mar. 31, 2021

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 25.8% and 21.8% in the three-month periods ended March 31, 2021 and 2020, respectively.

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

	Three Months Ended
	March 31,
	2021		2020
Millwork products	$	96.2	$	96.2
Building products		101.9		92.6
Wood products		16.6		14.2
Net sales	$	214.7	$	203.0