| Schedule of Contract Balances |
Contract balances as of July 1, 2023 were as follows:
|
|
|
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Costs in excess of billings at December 31, 2022 |
$ |
17,008 |
|
Unbilled receivables at December 31, 2022 |
$ |
22,243 |
|
Contract assets at December 31, 2022 |
$ |
39,251 |
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|
|
Costs in excess of billings at July 1, 2023 |
$ |
17,600 |
|
Unbilled receivables at July 1, 2023 |
$ |
32,571 |
|
Contract assets at July 1, 2023 |
$ |
50,171 |
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|
|
Billings in excess of cost at December 31, 2022 |
$ |
21,445 |
|
Billings in excess of cost at July 1, 2023 |
$ |
18,840 |
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| Schedule of 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 three and six months ended July 1, 2023 and July 2, 2022:
Revenue by Timing of Revenue Recognition
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Three Months Ended |
|
Six Months Ended |
Reportable Segments by Timing of Revenue Recognition |
|
July 1, 2023 |
|
July 2, 2022 |
|
July 1, 2023 |
|
July 2, 2022 |
Janus North America |
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|
|
|
|
|
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Product revenues transferred at a point in time(1)
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|
$ |
204,548 |
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|
$ |
195,943 |
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|
$ |
381,847 |
|
|
$ |
372,843 |
|
Product revenues transferred over time(1)
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|
27,700 |
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|
24,975 |
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|
60,584 |
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|
52,754 |
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Service revenues transferred over time(1)
|
|
29,061 |
|
|
20,544 |
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|
57,092 |
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|
41,122 |
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|
|
$ |
261,309 |
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|
$ |
241,462 |
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|
$ |
499,523 |
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|
$ |
466,719 |
|
Janus International |
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| Product revenues transferred at a point in time |
|
$ |
12,038 |
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|
$ |
12,176 |
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|
$ |
25,143 |
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|
$ |
22,975 |
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| Service revenues transferred over time |
|
9,171 |
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|
8,148 |
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|
17,638 |
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|
15,263 |
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|
|
$ |
21,209 |
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|
$ |
20,324 |
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|
$ |
42,781 |
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|
$ |
38,238 |
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| Eliminations |
|
$ |
(11,907) |
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|
$ |
(14,072) |
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|
$ |
(19,788) |
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|
$ |
(27,723) |
|
Total Revenue |
|
$ |
270,611
|
|
|
$ |
247,714
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|
|
$ |
522,516
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|
|
$ |
477,234
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(1) These numbers have been revised for the three and six month periods ended July 2, 2022. See Note 2 to our Unaudited Condensed Consolidated Financial Statements for additional information.
Revenue by Sales Channel
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Three Months Ended |
|
Six Months Ended |
Reportable Segments by Sales Channel Revenue Recognition |
July 1, 2023 |
|
July 2, 2022 |
|
July 1, 2023 |
|
July 2, 2022 |
Janus North America |
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|
|
|
|
|
|
| Self Storage-New Construction |
$ |
88,599 |
|
|
$ |
70,650 |
|
|
$ |
156,842 |
|
|
$ |
146,359 |
|
| Self Storage-R3 |
78,022 |
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|
69,431 |
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|
160,275 |
|
|
131,003 |
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| Commercial and Others |
94,688 |
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|
101,381 |
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|
182,406 |
|
|
189,357 |
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|
$ |
261,309 |
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|
$ |
241,462 |
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|
$ |
499,523 |
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|
$ |
466,719 |
|
Janus International |
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|
|
|
|
|
|
| Self Storage-New Construction |
$ |
18,529 |
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|
$ |
14,884 |
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|
$ |
37,067 |
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|
$ |
26,782 |
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| Self Storage-R3 |
2,680 |
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|
5,440 |
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|
5,714 |
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|
11,456 |
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|
$ |
21,209 |
|
|
$ |
20,324 |
|
|
$ |
42,781 |
|
|
$ |
38,238 |
|
| Eliminations |
$ |
(11,907) |
|
|
$ |
(14,072) |
|
|
$ |
(19,788) |
|
|
$ |
(27,723) |
|
Total Revenue |
$ |
270,611
|
|
|
$ |
247,714
|
|
|
$ |
522,516
|
|
|
$ |
477,234
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