Annual report pursuant to Section 13 and 15(d)

Revenue

v3.25.0.1
Revenue
 12 Months Ended
Dec. 26, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Net 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
In accordance with 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 Consolidated Balance Sheets as of December 26, 2024 and December 28, 2023 primarily consisted of deferred revenue as well as unredeemed gift cards in accrued expenses and other current liabilities. As of December 26, 2024, contract liabilities totaled $20.2 million and included $13.2 million of deferred revenue and $7.0 million of unredeemed gift cards. As of December 28, 2023, contract liabilities totaled $24.0 million and included $11.3 million of deferred revenue and $12.7 million of unredeemed gift cards. Of the contract liabilities outstanding as of December 28, 2023, approximately $18.5 million was recognized in revenue during fiscal 2024.
Disaggregated Revenue
The Company has one reportable segment. The following table presents the net sales of each major product category for each of the last three fiscal years (dollars in thousands):
Fiscal Year Ended
December 26,
2024		 December 28,
2023		 December 29,
2022
Product Category
Net Sales
% of
Net Sales
Net Sales
% of
Net Sales
Net Sales
 % of
Net Sales
Laminate and vinyl $ 1,083,694  24  % $ 1,153,476  26  % $ 1,184,636  28  %
Tile 1,027,385  23  1,033,830  23  963,999  23 
Installation materials and tools
 909,817  21  828,601  19  713,127  17 
Decorative accessories and wall tile 758,304  17  743,571  17  744,888  17 
Wood
 275,634  6  258,359  6  274,528  6 
Natural stone
 204,968  5  208,286  5  212,167  5 
Adjacent categories 103,797  2  83,525  2  69,820  2 
Other (1)
92,171  2  104,236  2  101,308  2 
Total $ 4,455,770  100  % $ 4,413,884  100  % $ 4,264,473  100  %
(1)Other includes delivery, sample, and other product revenue and adjustments for deferred revenue, sales returns reserves, and other revenue related adjustments that are not allocated on a product-category basis.