Annual report pursuant to Section 13 and 15(d)

Revenues

v3.19.3.a.u2
Revenues
12 Months Ended
Dec. 26, 2019
Revenue from Contract with Customer [Abstract]  
Revenues

2. Revenues

Net sales consist of revenue associated with contracts with customers for the sale of goods in amounts that reflect the consideration the Company is entitled to receive in exchange for those goods and services.

Deferred Revenue

Under Topic 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 is not currently ready for physical transfer to the customer.

Gift Card Breakage

Under Topic 606, gift card breakage income is recognized in proportion to the pattern of rights exercised by the customer when the Company expects to be entitled to breakage. The amount of revenue related to gift card breakage income for the fiscal year ended December 26, 2019 was immaterial to the consolidated financial statements.

Disaggregated Revenue

The Company has one operating segment and one reportable segment. The following table presents the net sales of each major product category for each of the last three fiscal years (in thousands):

Fiscal Year Ended

 

December 26, 2019

December 27, 2018

December 28, 2017

 

    

    

% of

    

    

% of

    

    

% of

 

Product Category

Net Sales

Net Sales

Net Sales

Net Sales

Net Sales

Net Sales

 

Tile

$

523,076

 

26

%  

$

476,337

 

27

%  

$

419,745

 

30

%

Laminate / luxury vinyl plank

 

442,171

 

22

 

316,109

 

18

 

208,238

 

15

Decorative accessories/ wall tile

 

393,908

 

19

 

325,139

 

19

 

257,684

 

19

Installation materials and tools

 

346,356

 

17

 

272,994

 

16

 

217,427

 

16

Wood

 

202,888

 

10

 

192,087

 

12

 

167,152

 

12

Natural stone

 

127,975

 

6

 

113,565

 

7

 

104,670

 

8

Other (1)

 

9,082

 

 

13,617

 

1

 

9,851

 

Total

$

2,045,456

 

100

%  

$

1,709,848

 

100

%  

$

1,384,767

 

100

%

(1) Other includes delivery revenue less adjustments for deferred revenue, sales return reserves, rewards under our Pro Premier Loyalty program, and other revenue related adjustments that are not allocated on a product-level basis.

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