Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.20.2
Revenues
 9 Months Ended
Sep. 24, 2020
Revenue from Contract with Customer [Abstract]  
Revenues RevenuesNet sales consist of revenue associated with contracts with customers for the sale of goods and services in amounts that reflect the consideration the Company is entitled to receive in exchange for those goods and services.
Deferred Revenue & Contract Liabilities
Under Accounting Standards Codification (“ASC”) 606, the Company recognizes revenue when the customer obtains control of the inventory. Amounts in deferred revenue at period-end reflect orders for which the inventory was not yet ready for physical transfer to customers.
Contract liabilities within the Condensed Consolidated Balance Sheets as of September 24, 2020 and December 26, 2019 primarily consisted of deferred revenue as well as amounts in accrued expenses and other current liabilities related to the Pro Premier loyalty program and unredeemed gift cards. As of September 24, 2020, contract liabilities totaled $23.6 million and included $10.9 million of deferred revenue, $10.5 million of loyalty program liabilities, and $2.2 million of unredeemed gift cards. As of December 26, 2019, contract liabilities totaled $15.5 million and included $6.7 million of deferred revenue, $6.6 million of loyalty program liabilities, and $2.2 million of unredeemed gift cards. Of the contract liabilities outstanding as of December 26, 2019, $8.7 million was recognized in revenue during the thirty-nine weeks ended September 24, 2020.
Disaggregated Revenue
The Company has one operating segment and one reportable segment. The following table presents the net sales of each major product category (in thousands):​
​ Thirteen Weeks Ended
​ September 24, 2020 September 26, 2019
Product Category Net Sales % of Net Sales Net Sales % of Net Sales
Tile $ 173,466  25  % $ 133,340  26  %
Laminate / luxury vinyl plank 157,795  23  116,037  22 
Decorative accessories / wall tile 135,868  20  100,357  19 
Installation materials and tools 113,202  17  88,197  17 
Wood 60,515  9  51,807  10 
Natural stone 41,712  6  31,511  6 
Other (1) 2,289  —  (156) — 
Total $ 684,847  100  % $ 521,093  100  %
​
Thirty-nine Weeks Ended
September 24, 2020 September 26, 2019
Product Category Net Sales % of Net Sales Net Sales % of Net Sales
Tile $ 427,359  25  % $ 394,969  26  %
Laminate / luxury vinyl plank 388,216  23  321,757  21 
Decorative accessories / wall tile 337,012  20  292,391  19 
Installation materials and tools 280,991  17  256,498  17 
Wood 151,411  9  153,799  10 
Natural stone 106,908  6  95,301  6 
Other (1) 10,239  —  3,739  1 
Total $ 1,702,136  100  % $ 1,518,454  100  %
(1) Other includes delivery revenue less adjustments for deferred revenue, sales returns reserves, rewards under our Pro Premier Loyalty program, and other revenue related adjustments that are not allocated on a product-level basis.