Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

v3.23.1
Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Balances Contract balances as of December 31, 2022 and January 1, 2022 were as follows:
December 31, 2022 January 1, 2022
Contract assets, beginning of the period
 $ 23,121  $ 11,399 
Contract assets, end of the period
 $ 39,251  $ 23,121 
Contract liabilities, beginning of the period
 $ 23,207  $ 21,525 
Contract liabilities, end of the period
 $ 21,445  $ 23,207 
Disaggregation of Revenue
The principal categories we use to disaggregate revenues are by timing and sales channel of revenue recognition. The following disaggregation of revenues depict the Company’s reportable segment revenues by timing and sales channel of revenue recognition for the years ended December 31, 2022 and January 1, 2022:
Revenue by Timing of Revenue Recognition
Year Ended
Reportable Segments by Timing of Revenue Recognition
 December 31, 2022 January 1, 2022 December 26, 2020
Janus North America (1)
Goods transferred at a point in time $ 880,028  $ 614,851  $ 430,585 
Services transferred over time 114,288  100,093  89,534 

$ 994,316  $ 714,944  $ 520,119 
Janus International
Goods transferred at a point in time 43,378  38,490  25,509 
Services transferred over time 32,133  30,089  19,981 
$ 75,511  $ 68,579  $ 45,490 
Eliminations (50,318) (33,373) (16,636)
Total Revenue
 $ 1,019,509  $ 750,150  $ 548,973 
(1) Janus North America’s good transferred at a point in time and services transferred over time, previously reported for the year-ended January 1, 2022, have been revised due to an immaterial error correction. These revisions had no effect on the previously reported total Janus North America revenue. See Note 2 to our Consolidated Financial Statements for additional information.
Revenue by Sale Channel Revenue Recognition
Year Ended
Reportable Segments by Sales Channel Revenue Recognition
 December 31, 2022 January 1, 2022 December 26, 2020
Janus North America (1)
Self Storage-New Construction $ 289,381  $ 246,670  $ 246,547 
Self Storage-R3 304,051  210,180  132,283 
Commercial and Others 400,884  258,094  141,289 

$ 994,316  $ 994,316  $ 714,944  $ 714,944  $ 520,119 
Janus International(2)
Self Storage-New Construction $ 57,242  $ 51,723  $ 26,701 
Self Storage-R3 18,269  16,856  18,735 
Commercial and Others —  —  54 
$ 75,511  $ 68,579  $ 45,490 
Eliminations (50,318) (33,373) (16,636)
Total Revenue
 $ 1,019,509  $ 750,150  $ 548,973 
(1) Janus North America’s Self Storage-New Construction, Self Storage-R3, and Commercial and Others, previously reported for the year-ended January 1, 2022, have been revised due to an immaterial error correction. These revisions had no effect on the previously reported total Janus North America revenue or the Company’s net income. See Note 2 to our Consolidated Financial Statements for additional information.
(1) Janus International’s Self Storage-New Construction, Self Storage-R3, and Commercial and Others, previously reported for the year-ended December 26, 2020, have been revised due to an immaterial error correction. These revisions had no effect on the previously reported total Janus International revenue or the Company’s net income. See Note 2 to our Consolidated Financial Statements for additional information.