Quarterly report [Sections 13 or 15(d)]

Revenue

v3.25.1
Revenue
 3 Months Ended
Mar. 27, 2025
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, Revenue from Contracts with Customers, 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 March 27, 2025 and December 26, 2024 primarily consisted of deferred revenue as well as unredeemed gift cards in accrued expenses and other current liabilities. As of March 27, 2025, contract liabilities totaled $22.3 million and included $14.6 million of deferred revenue and $7.7 million of unredeemed gift cards. 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. Of the contract liabilities outstanding as of December 26, 2024, approximately $14.1 million was recognized in revenue during the thirteen weeks ended March 27, 2025.
Disaggregated Revenue
The Company has one reportable segment. The following table presents the net sales of each major product category:
Thirteen Weeks Ended
March 27, 2025 March 28, 2024
dollars in thousands
 Net Sales % of Net Sales Net Sales % of Net Sales
Laminate and vinyl $ 286,160  25  % $ 265,393  24  %
Tile 261,246  23  256,386  23 
Installation materials and tools 237,344  20  219,487  20 
Decorative accessories and wall tile 197,425  17  193,868  18 
Wood 81,650  7  67,740  6 
Natural stone 50,506  4  49,992  5 
Adjacent categories 30,608  3  23,058  2 
Other (1) 15,801  1  21,365  2 
Total $ 1,160,740  100  % $ 1,097,289  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.