Annual report [Section 13 and 15(d), not S-K Item 405]

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.

.