JBI Janus International Group Inc

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Janus International Group, Inc. is a holding company incorporated in Delaware. References to “Janus,” “Group,” “Company,” “we,” “our” or “us” refer to Janus International Group, Inc. and its consolidated subsidiaries. The Company is a global manufacturer, supplier, and provider of turn-key self-storage, commercial, and industrial building solutions. The Company provides facility and door automation and access control technologies, roll up and swing doors, hallway systems, and relocatable storage “MASS” (Moveable Additional Storage Structures) units, among other solutions, and works with its customers throughout every phase of a project by providing solutions spanning from facility planning and design, construction, technology, and the restoration, rebuilding, and replacement (“R3”) of damaged or end-of-life products.

The Company is headquartered in Temple, Georgia, and has domestic operations in Georgia, Texas, Arizona, Indiana, North Carolina, with international operations in United Kingdom, Australia, and Singapore. The Company provides products and services through its two operating and reportable segments which are based on the geographic region of its operations: (i) Janus North America and (ii) Janus International. The Janus International segment is comprised of Janus International Europe Holdings Ltd. (UK) (“JIE”), whose production and sales are largely in Europe and Australia. The Janus North America segment is comprised of all the other entities including Janus Core together with each of its operating subsidiaries, Betco, Inc. (“BETCO”), Nokē, Inc. (“NOKE”), Asta Industries, Inc. (“ASTA”), Access Control Technologies, LLC (“ACT”), Janus Door, LLC and Steel Door Depot.com, LLC. The Company’s common stock is currently traded on the New York Stock Exchange under the symbol “JBI”.

The dollar amounts in the notes are shown in thousands of dollars, unless otherwise noted, and rounded to the nearest thousand except for share and per share amounts.

Assets held at foreign locations were approximately $65,393 and $61,144 as of July 1, 2023 and December 31, 2022, respectively. Revenues earned at foreign locations totaled approximately $21,209 and $20,324 for the three months ended July 1, 2023 and July 2, 2022, respectively, and $42,782 and $38,238 for the six months ended July 1, 2023 and July 2, 2022, respectively.

Basis of Presentation

The accompanying consolidated financial statements are presented in U.S. dollars and have been prepared in accordance with U.S. GAAP and pursuant to the applicable rules and regulations of the SEC. In the opinion of the Company’s management, the Unaudited Condensed Consolidated Financial Statements include all adjustments necessary for the fair presentation of the Company’s balance sheet as of July 1, 2023, and its results of operations, including its comprehensive income and stockholders’ equity for the six months ended July 1, 2023 and July 2, 2022. The year-end condensed consolidated balance sheet data was derived from audited financial statement, but does not include all disclosures required by accounting principles generally accepted in the United States of America. This Quarterly Report on Form 10-Q should be read in conjunction with the Audited Consolidated Financial Statements and notes that are included in the Annual Report on Form 10-K, for the year ended December 31, 2022.

Principles of Consolidation

The Unaudited Condensed Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries. The Company’s joint venture is accounted for under the equity method of accounting. All significant intercompany accounts and transactions have been eliminated in consolidation.

Reclassification

Certain items have been reclassified in the prior year financial statements to conform to the presentation and classifications used in the current year. These reclassifications had no effect on our previously reported results of operations or retained earnings.

Prior Period Financial Statement Correction of Immaterial Error

Subsequent to the issuance of the fiscal year 2022 Form 10-K consolidated financial statements, an immaterial error was identified relating to certain contracts that were recognized as revenue based on two performance obligations, but it was subsequently determined that the performance obligations were not distinct within the context of the contract with the customer. The correction of this immaterial error led to a presentation change on the condensed consolidated statement of operations and comprehensive income and in Footnote 13 to the condensed consolidated financial statements for the three and six-month periods ended July 2, 2022, as illustrated in the table below. These presentation changes had no effect on our previously reported results of operations or retained earnings.

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The effect of correcting the immaterial error in the condensed consolidated financial statements for the three and six month periods ended July 1, 2023 is shown in the following table:

			As previously reported			Correction			As adjusted
Condensed Consolidated Statements of Operations and Comprehensive Income
Three Months Ended July 2, 2022
Product Revenues			$	213,969		$	5,053		$	219,022
Service Revenues			33,745			(5,053)			28,692
			$	247,714		$	—		$	247,714
Six Months Ended July 2, 2022
Product Revenues			411,274			9,575			420,849
Service Revenues			65,960			(9,575)			56,385
			$	477,234		$	—		$	477,234
Footnote 13. Revenue Recognition
Reportable Segments by Timing of Revenue Recognition
Three Months Ended July 2, 2022
Janus North America
Product revenues transferred at a point in time			$	215,865		$	(19,922)		$	195,943
Product revenues transferred over time			—			24,975			24,975
Services revenues transferred over time			25,597			(5,053)			20,544
			$	241,462		$	—		$	241,462
Six Months Ended July 2, 2022
Janus North America
Product revenues transferred at a point in time			$	416,023		$	(43,180)		$	372,843
Product revenues transferred over time			—			52,754			52,754
Services revenues transferred over time			50,696			(9,574)			41,122
			$	466,719		$	—		$	466,719

Use of Estimates

The preparation of Unaudited Condensed Consolidated Financial Statements in conformity with U.S GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Significant items subject to such estimates and assumptions include, but are not limited to, income taxes and the effective tax rates, reserves

for inventory obsolescence, the recognition and valuation of unit-based compensation arrangements, the useful lives of property and equipment, estimated progress toward completion for certain revenue contracts, allowances for uncollectible receivable balances, fair values and impairment of intangible assets and goodwill and assumptions used in the recognition of contract assets.

Emerging Growth Company

Section 102(b)(1) of the Jumpstart Our Business Startups Act, or JOBS Act, exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies are required to comply with the new or revised financial accounting standards. The Company qualifies as an “Emerging Growth Company” and has elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act. This election allows the Company to adopt the new or revised standard at the same time periods as private companies.

Fair Value Measurement

The Company uses valuation approaches that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. A three-tiered hierarchy is established as a basis for considering such assumptions and for inputs used in the valuation

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methodologies in measuring fair value. This hierarchy requires that the Company use observable market data, when available, and minimize the use of unobservable inputs when determining fair value:

•Level 1, observable inputs such as quoted prices in active markets;

•Level 2, inputs other than the quoted prices in active markets that are observable either directly or indirectly;

•Level 3, unobservable inputs in which there is little or no market data, which requires that the Company develop its own assumptions.

The fair value of cash, accounts receivable less allowance for credit losses, and accounts payable approximate the carrying amounts due to the short-term maturities of these instruments. The fair value of the Company’s debt approximates its carrying amount as of July 1, 2023 and December 31, 2022 due to its variable interest rate that is tied to the current SOFR rate plus an applicable margin and consistency in our credit rating. To estimate the fair value of the Company’s debt, the Company utilized fair value based risk measurements that are indirectly observable, such as credit risk that fall within Level 2 of the Fair Value hierarchy.

Significant Accounting Policies

The Company’s significant accounting policies have not changed materially from those described in its Annual Report on Form 10-K for the fiscal year ended December 31, 2022.

Accounts Receivable and Allowance for Credit Losses

Accounts receivable are recorded at the invoiced amount and do not bear interest. Accounts receivable are stated at estimated net realizable value from the sale of products and services to established customers. All trade receivables are due in one year or less. The Company pools accounts receivable by customer type, commercial and self-storage, and by business units due to the similarity of risk characteristics within each group.

Commercial customers typically are customers contracting with the Company on short-term projects with smaller credit limits and overall, smaller project sizes. Due to the short-term nature and smaller scale of these types of projects, the Company expects minimal write-offs of its receivables at the commercial pool.

Self-storage projects typically involve general contractors and make up the largest portion of the Company’s accounts receivable balance. These projects are usually longer-term construction projects and billed over the course of construction. Credit limits are larger for these projects given the overall project size and duration. Due to the longer-term nature and larger scale of these types of projects, the Company expects a potential for more write-offs of its receivable balances within the self-storage pool.

At origination, we evaluate credit risk based on a variety of credit quality factors including prior payment experience, customer financial information, credit ratings, probabilities of default, industry trends, macroeconomic factors and other internal metrics. On an ongoing basis, we monitor credit quality based on past-due status as there is a meaningful correlation between the past-due status of customers and the risk of loss. In determining past-due status, we consider the receivable past due when any installment is over 30 days past due. Receivable balances are written off to the allowance for credit losses when, in the judgment of management, they are considered uncollectible. Revolving charge accounts are generally deemed to be uncollectible and written off to the allowance for credit losses when delinquency reaches 120 days, taking into consideration the financial condition of the customer.

The Company uses the loss-rate method in the CECL analysis for trade receivables and contract assets. The allowance for credit losses reflects the estimate of the amount of receivables that the Company will be unable to collect based on historical collection experience and, as applicable, current conditions and reasonable and supportable forecasts that affect collectability. The Company's estimate reflects changing circumstances, including changes in the economy or in the particular circumstances of individual customers. Accordingly, the Company may be required to increase or decrease its allowance.

The activity for the allowance for credit losses during the six months ended July 1, 2023 and the fiscal year ended December 31, 2022, is as follows:

			July 1, 2023						December 31, 2022
Balance at beginning of period			$	4,549					$	5,449
CECL Adoption (1)			—						366
Write-offs			(4)						(2,949)
Provision (reversal), net			844						1,683
Balance at end of period			$	5,389					$	4,549

(1) On January 2, 2022, the Company adopted the provisions of ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326), which introduced a new model known as CECL.

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Product Warranties

The Company records a liability for product warranties at the time of the related sale of goods. The liability is estimated using historical warranty experience, projected claim rates and expected costs per claim. The Company adjusts its liability for specific warranty matters when they become known and the exposure can be estimated. Product failure rates as well as material usage and labor costs incurred in correcting a product failure affect the Company's warranty liabilities. If actual costs differ from estimated costs, the Company must make a revision to the warranty liability. Generally, the Company offers warranties ranging between 1-3 years for our products with the exception of roofing at one of our business units which is up to 10 years.

The activity related to product warranty liabilities recorded in Accrued expenses and other current liabilities, during the six months ended July 1, 2023 and the fiscal year ended December 31, 2022, is as follows:

			July 1, 2023						December 31, 2022
Balance at beginning of period			$	876					$	736
Aggregate changes in the product warranty liability			608						140
Balance at end of period			$	1,484					$	876

Concentrations of Risk

Financial instruments that are potentially subject to concentration of credit risk consist primarily of cash and accounts receivable. The Company maintains cash in bank deposit accounts that, at times, may exceed the insured limits of the local country. The Company has not experienced any losses in such accounts. The Company sells its products and services mainly in the United States and European regions. The Company performs ongoing evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary. The Company generally does not require its customers to provide collateral or other security to support accounts receivable. As of July 1, 2023 and December 31, 2022, no customer accounted for more than 10% of the accounts receivable balance.

Segments

The Company manages its operations through two operating and reportable segments: Janus North America and Janus International. These segments align the Company’s products and service offerings based on the geographic location between North America and International locations which is consistent with how the Company’s Chief Executive Officer, its Chief Operating Decision Maker (“CODM”), reviews and evaluates the Company’s operations. The CODM allocates resources and evaluates the financial performance of each operating segment. The Company’s segments are strategic businesses that are managed separately because each one develops, manufactures and markets distinct products and services. Refer to Note 14, Segments, for further detail.

Recently Adopted Accounting Pronouncements

On January 1, 2023, the Company adopted ASU 2021-08, Business Combinations (Topic 805) Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ("ASU 2021-08"), which amends ASC 805, Business Combinations (Topic 805), to add contract assets and contract liabilities to the list of exceptions to the recognition and measurement principles that apply to business combinations and to require that an acquiring entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers (Topic 606) ("ASC 606"). Janus will be applying the pronouncement prospectively to business combinations occurring on or after the adoption date.

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting and subsequent amendment to the initial guidance: ASU 2021-01, Reference Rate Reform (Topic 848): Scope (collectively, “Topic 848”). Topic 848 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. ASU 2022-06 defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024. Effective April 2, 2023, the Company transitioned its credit agreements from LIBOR to the Secured Overnight Financing Rate ("SOFR"). The Company adopted this guidance prospectively on April 2, 2023, and the adoption did not have a material impact on the Consolidated Condensed Financial Statements.

Recently Issued Accounting Pronouncements

Although there are several other new accounting pronouncements issued or proposed by the FASB, which will be adopted as applicable, management does not believe any of these accounting pronouncements will have a material impact on the Company’s consolidated financial position or results of operations.

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Inventories are stated at the lower of cost or net realizable value utilizing the first-in, first-out (FIFO) method. The major components of inventories as of July 1, 2023 and December 31, 2022 are as follows:

			July 1,						December 31,
			2023						2022
Raw materials			$	41,954					$	49,788
Work-in-process			581						1,566
Finished goods			17,038						16,323
Inventory, net			$	59,573					$	67,677

The Company has recorded a reserve for inventory obsolescence as of July 1, 2023 and December 31, 2022, of approximately $2,872 and $2,034, respectively.

Property, equipment, and other fixed assets as of July 1, 2023 and December 31, 2022 are as follows:

						July 1,						December 31,
			Useful Life			2023						2022
Land			Indefinite			$	4,501					$	4,501
Building			39 years			2,459						2,459
Manufacturing machinery and equipment			3-7 years			40,689						38,814
Leasehold improvements			Over the shorter of the lease term or respective useful life			9,731						8,327
Computer and software			3 years			3,877						9,580
Furniture and fixtures, and vehicles			3-7 years			8,457						3,623
Construction in progress			—			8,095						1,852
						$	77,809					$	69,156
Less: accumulated depreciation						(30,626)						(27,073)
						$	47,183					$	42,083

Depreciation expense was approximately $2,189 and $1,978 for the three month periods ended July 1, 2023 and July 2, 2022, respectively, and $4,369 and $3,835 for the six months ended July 1, 2023 and July 2, 2022, respectively.

Intangible assets acquired in a business combination are recognized at fair value and amortized over their estimated useful lives. The carrying basis and accumulated amortization of recognized intangible assets at July 1, 2023 and December 31, 2022, are as follows:

						July 1,																		December 31,
						2023																		2022
						Gross Carrying Amount						Accumulated Amortization						Net Amount						Gross Carrying Amount						Accumulated Amortization						Net Amount
Intangible Assets			Useful Life
Customer relationships			10-15 years			$	408,853					$	139,910					$	268,943					$	408,246					$	125,613					$	282,633
Tradenames and trademarks			Indefinite			107,613						—						107,613						107,378						—						107,378
Software development			10-15 years			20,320						6,808						13,512						20,320						6,085						14,235
Noncompete agreements			3-8 years			396						278						118						394						255						139
Backlog			< 1 year			—						—						—						41,390						41,390						—
						$	537,182					$	146,996					$	390,186					$	577,728					$	173,343					$	404,385

Changes to gross carrying amount of recognized intangible assets due to translation adjustments include an approximate $638 gain and $1,972 gain for the periods ended July 1, 2023 and December 31, 2022, respectively. The amortization of intangible assets is included in the general and administrative expense on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income.

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Amortization expense was approximately $7,421 and $7,646 for the three month periods ended July 1, 2023 and July 2, 2022, respectively, and $14,837 and $14,871 for the six months ended July 1, 2023 and July 2, 2022, respectively.

The changes in the carrying amounts of goodwill for the period ended July 1, 2023 were as follows:

Balance as of December 31, 2022			$	368,204
Foreign Currency Translation Adjustment			319
Balance as of July 1, 2023			$	368,523

Accrued expenses and other current liabilities are summarized as follows:

			July 1,						December 31,
			2023						2022
Customer deposits			$	34,089					$	29,581
Employee compensation			13,474						16,520
Current operating lease liabilities			5,248						5,310
Sales tax payable			5,800						5,144
Income taxes			1,026						773
Accrued professional fees			2,652						3,594
Product warranties			1,256						876
Accrued freight			951						1,177
Interest payable			386						235
Indemnity holdback liability			—						1,002
Other liabilities			7,366						6,339
Total			$	72,248					$	70,551

Other liabilities as of July 1, 2023 and December 31, 2022 consists of property tax, credit card and various other accruals.

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On April 10, 2023, the Company entered into Amendment Number Three to the ABL Credit and Guarantee Agreement (the “LOC Amendment”) to that certain ABL Credit and Guarantee Agreement, dated as of February 12, 2018 (the “LOC Agreement”). The Amendment, among other things, (i) replaced the interest rate based on the LIBOR and related LIBOR-based mechanics applicable to borrowings under the ABL Credit and Guarantee Agreement with an interest rate based on the Secured Overnight Financing Rate (“SOFR”) and related SOFR-based mechanics and (ii) updates certain other provisions of the ABL Credit and Guarantee Agreement to reflect the transition from LIBOR to SOFR.

The current line of credit facility is for $80,000 with interest payments due in arrears. The interest rate on the facility is based on a base rate, unless a SOFR Rate (as defined in the LOC Agreement) option is chosen by the Company. If the SOFR Rate is elected, the interest computation is equal to the SOFR Rate plus the SOFR Rate Margin of 1.25%, as of July 1, 2023. If the Base Rate (as defined in the LOC Agreement) is elected, the interest computation is equal to the Base Rate of the greatest of (a) the federal funds rate plus .5%, (b) the SOFR rate plus 1%, or (c) the financial institution’s Prime Rate (as defined in the LOC Agreement), plus the Base Rate Margin (as defined in the LOC Agreement) of .25% as of July 1, 2023. At the beginning of each quarter, the applicable margin is set and determined by the administrative agent based on the average net availability on the line of credit for the previous quarter.

As of July 1, 2023 and December 31, 2022, the interest rate in effect for the facility was 8.5% and 7.8%, respectively. The line of credit is collateralized by accounts receivable and inventories.

Long-term debt consists of the following:

			July 1,						December 31,
			2023						2022
Note payable - Amendment No.5 First Lien			$	660,279					$	714,312
Financing leases			2,880						1,043
			$	663,159					$	715,355
Less: unamortized deferred finance fees			5,085						7,158
Less: current maturities			8,854						8,347
Total long-term debt			$	649,220					$	699,850

Notes Payable - Amendment No.4 First Lien - On August 18, 2021, the Company completed an incremental raise in the form of that certain Incremental Amendment No. 4 (the “Amendment No. 4 First Lien”) to the First Lien Term Loan. The Amendment No. 4 First Lien is comprised of a syndicate of lenders modified on August 18, 2021 for an aggregate principal balance of $726,413 with interest payable in arrears. The outstanding loan balance is to be repaid on a quarterly basis of 0.28% of the original balance beginning the last day of September 2021 with the remaining principal due on the maturity date of February 12, 2025. During the six months ended July 1, 2023, the Company made a voluntary prepayment of $50,000 on the Amendment No. 4 First Lien.

Notes Payable - Amendment No.5 First Lien - On June 20, 2023, the Company entered into Amendment No. 5 (the “Amendment No. 5 First Lien”) to the First Lien Term Loan. The Amendment No. 5 First Lien, among other things, (i) replaces the interest rate based on the London Interbank Offered Rate (“LIBOR”) and related LIBOR-based mechanics applicable to borrowings under the Agreement with an interest rate based on the Secured Overnight Financing Rate (“SOFR”) and related SOFR-based mechanics and (ii) updates certain other provisions of the Agreement to reflect the transition from LIBOR to SOFR. As chosen by the Company, the amended loan bears interest at a floating rate per annum consisting of SOFR, plus an applicable margin percent (effective rate of 8.5% as of July 1, 2023). The debt is secured by substantially all business assets.

In connection with the Company entering into the First Lien debt agreement discussed above, deferred finance fees were capitalized and are being amortized using the effective interest method. Amortization of approximately $789 and $858 was recognized for the three months ended July 1, 2023 and July 2, 2022, respectively. $2,073 and $1,709 was recognized for the six months ended July 1, 2023 and July 2, 2022, respectively, as a component of interest expense. The increase during the six months ended July 1, 2023, was primarily a result of the voluntary prepayment as noted above.

As of July 1, 2023 and December 31, 2022, the Company maintained one letter of credit totaling approximately $400 on which there were no balances due.

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At lease commencement, a right-of-use (“ROU”) asset and lease liability is recorded based on the present value of the future lease payments over the lease term. The Company has elected not to recognize a ROU asset and lease liability for leases with terms of 12 months or less. The Company leases facilities, vehicles, and other equipment under long-term operating and financing leases with varying terms.

In addition to the base rent, real estate leases typically contain provisions for common-area maintenance and other similar service, which are considered non-lease components for accounting purposes. For our real estate leases, we apply a practical expedient to include these non-lease components in calculating the ROU asset and lease liability. Furthermore, for all other types of leases, the practical expedient was also elected whereby lease and non-lease components have been combined.

The Company uses the non-cancellable lease term unless it is reasonably certain that a renewal or termination option will be exercised. When available, the Company will use the rate implicit in the lease to discount lease payments to present value, however as most leases do not provide an implicit rate, the Company will estimate the incremental borrowing rate to discount the lease payments. The Company estimates the incremental borrowing rate based on the rates of interest that the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis, over a similar term, and in a similar economic environment. The ROU asset also includes any lease prepayments and initial direct costs, offset by lease incentives. The Company does not consider renewal periods or early terminations to be reasonably certain and are thus not included in the lease term for real estate or equipment assets.

The components of ROU assets and lease liabilities were as follows:

(in thousands)			Balance Sheet Classification			July 1, 2023						December 31, 2022
Assets:
Operating lease assets			Right-of-use assets, net			$	40,607					$	43,282
Finance lease assets			Right-of-use assets, net			2,821						1,023
Total leased assets						$	43,428					$	44,305
Liabilities:
Current:
Operating			Other accrued expenses			$	5,248					$	5,310
Financing			Current maturities of long-term debt			787						280
Noncurrent:
Operating			Other long-term liabilities			$	38,486					$	40,907
Financing			Long-term debt			2,093						763
Total lease liabilities						$	46,614					$	47,260

The components of lease expense were as follows:

			Three Months Ended						Three Months Ended						Six Months Ended						Six Months Ended
(in thousands)			July 1, 2023						July 2, 2022						July 1, 2023						July 2, 2022
Operating lease cost			$	2,145					$	2,018					$	4,289					$	4,005
Variable lease cost			159						80						321						165
Short-term lease cost			—						—						—						60
Finance lease cost:
Amortization of right-of-use assets			$	182					$	45					$	306					$	62
Interest on lease liabilities			49						9						79						12
Total lease cost			$	2,535					$	2,152					$	4,995					$	4,304

Other information related to leases was as follows:

			July 1, 2023						December 31, 2022
Weighted Average Remaining Lease Term (in years)
Operating Leases			9.44						9.66
Finance Leases			3.49						3.37
Weighted Average Discount Rate
Operating Leases			7.1%						7.1%
Finance Leases			8.3%						6.6%

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As of July 1, 2023, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows:

(in thousands)
2023			$	4,153
2024			7,531
2025			6,668
2026			6,084
2027			5,309
Thereafter			31,864
Total future lease payments			$	61,609
Less: imputed interest			$	(17,875)
Present value of future lease payments			$	43,734

As of July 1, 2023, future minimum repayments of finance leases were as follows:

(in thousands)
2023			$	495
2024			990
2025			990
2026			480
2027			288
Thereafter			86
Total future lease payments			$	3,329
Less: imputed interest			$	(449)
Present value of future lease payments			$	2,880

The Company is taxed as a Corporation for U.S. income tax purposes and similar sections of the state income tax laws. The Company’s effective tax rate is based on pre-tax earnings, enacted U.S. statutory tax rates, non-deductible expenses, and certain tax rate differences between U.S. and foreign jurisdictions. The foreign subsidiaries file income tax returns in the United Kingdom, France, Australia, and Singapore as necessary. For tax reporting purposes, the Company includes the taxable income or loss with respect to the 45% ownership in the joint venture operating in Mexico. The Company’s provision for income taxes consists of provisions for federal, state, and foreign income taxes. Deferred tax liabilities and assets attributable to different tax jurisdictions are not offset.

The provision for income taxes for the three and six months ended July 1, 2023 and July 2, 2022 includes amounts related to entities within the Company taxed as corporations in the United States, United Kingdom, France, Australia, and Singapore. The Company determines its provision for income taxes for interim periods using an estimate of its annual effective tax rate on year to date ordinary income and records any changes affecting the estimated annual effective tax rate in the interim period in which the change occurs. Additionally, the income tax effects of significant unusual or infrequently occurring items are recognized entirely within the interim period in which the event occurs.

During the three months ended July 1, 2023 and July 2, 2022, the Company recorded a total income tax provision of approximately $12,354 and $7,802 on pre-tax income of $49,341 and $30,639 resulting in an effective tax rate of 25.0% and 25.5%, respectively. During the six months ended July 1, 2023 and July 2, 2022, the Company recorded a total income tax provision of approximately $21,370 and $14,409 on pre-tax income of $84,339 and $56,950 resulting in an effective tax rate of 25.3% and 25.3%, respectively.

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2021 Omnibus Incentive Plan

The Company maintains its 2021 Omnibus Incentive Plan (the “Plan”) under which it grants stock-based awards to eligible directors, officers and employees in order to attract, retain and reward such individuals and strengthen the mutuality of interest between such individuals and the Company’s stockholders. The Plan allows the Company to issue and grant 15,125,000 shares.

The Company measures compensation expense for stock-based awards in accordance with ASC Topic 718, Compensation – Stock Compensation (“ASC 718”). During the six months ended July 1, 2023, the Company granted stock-based awards including restricted stock units (“RSUs”), performance-based restricted stock units (“PSUs”), and stock options under the Plan. The grant date fair value of RSUs are equal to the closing price of the Company’s common stock on either: (i) the date of grant; or (ii) the previous trading day, depending on the level of administration required. Forfeitures are recognized as they occur, any unvested RSUs or stock options are forfeited upon a “Termination of Service”, as defined in the Plan, or as otherwise provided in the applicable award agreement or determined by the Company’s Compensation Committee of the Board of Directors.

Restricted Stock Unit Grants

RSUs are subject to a vesting period between one and four years. RSU activity for the six months ended July 1, 2023 is as follows:

(dollar amounts in thousands, except share and per share data)

			Six Months Ended July 1, 2023
			RSUs						Weighted-Average Grant Date Fair Value
Unvested, outstanding at December 31, 2022			465,064						$	10.5
Granted			593,587						10.4
Vested			(140,238)						10.5
Forfeited			(14,659)						10.2
Unvested, outstanding at July 1, 2023			903,754						$	10.5

Stock-based compensation expense for RSUs is recognized straight line over the respective vesting period, reduced for actual forfeitures, and included in general and administrative expense in the accompanying Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income. Total compensation expense related to the above awards was approximately $947 and $679 for the three months ended July 1, 2023 and July 2, 2022, respectively. Total compensation expense related to the above awards was approximately $1,584 and $1,278 for the six months ended July 1, 2023 and July 2, 2022, respectively. As of July 1, 2023, there was an aggregate of $8,494 of unrecognized expense related to the RSUs granted, which the Company expects to amortize over a weighted-average period of 2.62 years.

Performance-based Restricted Stock Unit Grants

PSU awards are based on the satisfaction of the Company’s performance metrics. The number of PSUs that become earned can range between 0% and 200% of the original target number of PSUs awarded for the 2022 and 2023 awards. PSUs are subject to a three-year performance cliff-vesting period.

PSUs activity for the six months ended July 1, 2023 is as follows:

(dollar amounts in thousands, except share and per share data)

			Six months ended July 1, 2023
			PSUs						Weighted-Average Grant Date Fair Value
Unvested, outstanding at December 31, 2022			252,923						$	9.5
Granted			229,091						10.6
Vested			—						—
Forfeited			—						—
Unvested, outstanding at July 1, 2023 (1)			482,014						$	10.0

1) This number excludes 252,923 performance stock units, which represents the incremental number of units that would be issued based on performance results from previously-granted PSU awards. The PSUs granted in 2022 are currently estimated at 200% of target.

Stock-based compensation expense for PSUs is recognized straight line over the requisite vesting period, reduced for actual forfeitures, and included in general and administrative expense in the accompanying Condensed Consolidated Statement of Operations and Comprehensive

---

Income. Total compensation expense related to the PSUs was approximately $598 and $138 for the three months ended July 1, 2023 and July 2, 2022, respectively.

Total compensation expense related to the performance-based awards was approximately $1,591 and $138 for the six months ended July 1, 2023 and July 2, 2022, respectively. As of July 1, 2023, there was an aggregate of $4,391 of unrecognized expense related to the PSUs granted, which the Company expects to amortize over a weighted-average period of 1.96 years.     

The above table represents PSUs assuming 100% of target payout at the time of the grant. Actual payouts can range between 0% and 200%, depending on performance results for the three-year performance period. As of July 1, 2023, the Company deemed the estimate of the PSUs granted in fiscal year ended December 31, 2022 to be issued at 200% of target, and have reflected such estimates within the share-based compensation expense. The Company estimates the PSU’s granted during the period ending July 1, 2023 to be issued at 100% of target.

The Actual payout of the 2022 grants will be in a range of 0% to 200%, depending on performance results for the three-year performance period from January 2, 2022, through December 28, 2024. The Actual payout of the 2023 grants will be in a range of 0% to 200%, depending on performance results for the three-year performance period from January 1, 2023, through December 27, 2025.

Stock Options

Stock options are granted by applying a Black-Scholes valuation model to determine the fair value on the grant date. Stock options are subject to a vesting period of either three or four years. Stock option awards typically vest in 33% or 25% annual installments on each annual anniversary of the vesting commencement date for the duration of the vesting period, and expire ten years from the grant date.

The principal assumptions utilized in valuing stock options include, the expected option life, the risk-free interest rate (an estimate based on the yield of United States Treasury zero coupon with a maturity equal to the expected life of the option), the expected stock price volatility using the historical and implied price volatility, and the expected dividend yield.

A summary of the assumptions used in determining the fair value of stock options is as follows:

(dollar amounts in thousands, except share and per share data)

			Six Months Ended July 1, 2023
Expected life of option (years)			6.00 - 6.25
Risk-free interest rate			2.9% - 3.7%
Expected volatility of the Company’s stock			45% - 48%
Expected dividend yield on the Company’s stock			—		%

Stock option activity for the six months ended July 1, 2023 is as follows:

			Six Months Ended July 1, 2023
			Stock Options						Weighted-Average Grant Date Fair Value						Weighted Average Remaining Contractual Life (in years)						Intrinsic value
Unvested, outstanding at December 31, 2022			700,729						$	4.5					9.8						$	0.2
Granted			18,796						5.3						9.7						0.1
Exercised			—						—						—						—
Vested			(175,175)						4.5						8.7						1.2
Forfeited			—						—						—						—
Unvested, outstanding at July 1, 2023			544,350						$	4.5					8.9						$	—
Vested not exercised at July 1, 2023			175,175						$	4.5					8.7						$	1.2

---

Basic net income per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed based on the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. For the three and six months ended July 1, 2023 and July 2, 2022, dilutive potential common shares include stock options and unvested restricted stock units. Dilutive EPS excludes all common shares if their effect is anti-dilutive.

The following table sets forth the computation of basic and diluted EPS attributable to common stockholders for the three and six months ended July 1, 2023 and July 2, 2022 (in thousands, except share and per share data):

			Three Months Ended												Six Months Ended
			July 1, 2023						July 2, 2022						July 1, 2023						July 2, 2022
Numerator:
Net income attributable to common stockholders			$	36,987					$	22,837					$	62,969					$	42,541
Denominator:
Weighted average number of shares:
Basic			146,765,631						146,575,720						146,734,762						146,568,719
Adjustment for dilutive securities			6,526						142,217						27,267						79,587
Diluted			146,772,157						146,717,937						146,762,029						146,648,306
Basic net income per share attributable to common stockholders			$	0.25					$	0.16					$	0.43					$	0.29
Diluted net income per share attributable to common stockholders			$	0.25					$	0.16					$	0.43					$	0.29

The Company accounts for a contract with a customer when both parties have approved the contract and are committed to perform their respective obligations, each party’s rights and payment terms can be identified, the contract has commercial substance, and it is probable that the Company will collect substantially all of the consideration to which it is entitled. Revenue is recognized when, or as, performance obligations are satisfied by transferring control of a promised good or service to a customer.

Contract Balances

Contract assets are the rights to consideration in exchange for goods and services that the Company has transferred to a customer. Unbilled receivables result from revenues recognized at a point-in-time and represent an unconditional right to payment subject primarily to the passage of time. Unbilled receivables are recognized as accounts receivable when they are billed. Costs in excess of billings result from revenues recognized over time and represent the net balance of billings that already occurred. Contract liabilities (billings in excess of costs) represent billings to a customer in excess of revenue that has been recognized over time.

Contract balances as of July 1, 2023 were as follows:

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
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
Billings in excess of cost at December 31, 2022			$	21,445
Billings in excess of cost at July 1, 2023			$	18,840

During the three and six months ended July 1, 2023, the Company recognized revenue of approximately $6,642 and $18,590 related to contract liabilities at December 31, 2022. This reduction was offset by new billings of approximately $7,171 and $15,985 for product and services for which there were unsatisfied performance obligations to customers and revenue had not yet been recognized for the three and six month periods ended July 1, 2023.

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The Company derives subscription revenue from continued software support and through the Nokē Smart Entry System, a product which provides mobile access for tenants and remote monitoring and tracking for operators. We determine standalone selling price for recurring software revenue by using the adjusted market assessment approach. The recurring revenue recognized from the Nokē Smart Entry System for the three months ended July 1, 2023 and July 2, 2022 was $774 and $316, respectively. The recurring revenue recognized from the Nokē Smart Entry System for the six months ended July 1, 2023 and July 2, 2022 was $1,208 and $611, respectively.

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

						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
Product revenues transferred at a point in time(1)						$	204,548					$	195,943					$	381,847					$	372,843
Product revenues transferred over time(1)						27,700						24,975						60,584						52,754
Service revenues transferred over time(1)						29,061						20,544						57,092						41,122
						$	261,309					$	241,462					$	499,523					$	466,719
Janus International
Product revenues transferred at a point in time						$	12,038					$	12,176					$	25,143					$	22,975
Service revenues transferred over time						9,171						8,148						17,638						15,263
						$	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

(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

			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
Self Storage-New Construction			$	88,599					$	70,650					$	156,842					$	146,359
Self Storage-R3			78,022						69,431						160,275						131,003
Commercial and Others			94,688						101,381						182,406						189,357
			$	261,309					$	241,462					$	499,523					$	466,719
Janus International
Self Storage-New Construction			$	18,529					$	14,884					$	37,067					$	26,782
Self Storage-R3			2,680						5,440						5,714						11,456
			$	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

---

The Company operates its business and reports its results through two reportable segments: Janus North America and Janus International, in accordance with ASC Topic 280, Segment Reporting. The Janus International segment is comprised of JIE with its production and sales located largely in Europe. The Janus North America segment is comprised of all the other entities including Janus Core, BETCO, NOKE, ASTA, DBCI, ACT, Janus Door, U.S. Door, and Steel Door Depot.

Summarized financial information for the Company’s segments is shown in the following tables:

			Three Months Ended												Six Months Ended
			July 1,						July 2,						July 1,						July 2,
			2023						2022						2023						2022
Revenue
Janus North America			$	261,309					$	241,462					$	499,523					$	466,719
Janus International			21,209						20,324						42,781						38,238
Eliminations			(11,907)						(14,072)						(19,788)						(27,723)
Consolidated Revenue			$	270,611					$	247,714					$	522,516					$	477,234
Income From Operations
Janus North America			$	61,541					$	38,173					$	110,419					$	73,028
Janus International			2,842						1,702						5,121						1,949
Eliminations			(100)						(26)						(244)						(15)
Total Segment Operating Income			$	64,283					$	39,849					$	115,296					$	74,962
Depreciation Expense
Janus North America			$	1,967					$	1,791					$	3,921					$	3,464
Janus International			222						187						448						371
Consolidated Depreciation Expense			$	2,189					$	1,978					$	4,369					$	3,835
Amortization of Intangible Assets
Janus North America			$	7,105					$	7,324					$	14,210					$	14,210
Janus International			316						322						627						661
Consolidated Amortization Expense			$	7,421					$	7,646					$	14,837					$	14,871
Capital Expenditures
Janus North America			$	3,170					$	2,121					$	8,315					$	4,673
Janus International			362						267						1,287						595
Consolidated Capital Expenditures			$	3,532					$	2,388					$	9,602					$	5,268

			July 1,						December 31
			2023						2022
Identifiable Assets
Janus North America			$	1,223,137					$	1,209,905
Janus International			64,992						60,713
Consolidated Assets			$	1,288,129					$	1,270,618

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During fiscal year 2022 and 2023, the Company initiated a restructuring plan to relocate one of its international facilities and align its ongoing corporate strategy. The Company incurs costs associated with restructuring initiatives intended to improve operating performance, profitability and efficiency of business processes. Restructuring charges can include severance costs, relocations costs, recruiting fees affiliated with hiring new personnel, legal costs, and contract cancellation costs.

The Company records restructuring charges when they are probable and estimable. Restructuring costs are accrued when the Company announces the closure or restructuring event, and the amounts can be reasonably estimated. Restructuring costs are included in general and administrative expenses on the Condensed Consolidated Statements of Operations and Comprehensive Income.

The Company’s restructuring expenses are comprised of the following:

(in thousands)			Three Months Ended												Six Months Ended
			July 1,						July 2,						July 1,						July 2,
			2023						2022						2023						2022
Severance and termination benefits			$	51					$	250					$	145					$	250
Facility related charges			37						517						37						620
Legal, consulting, and other  professional fees			148						250						644						250
Total Restructuring Charges			$	236					$	1,017					$	826					$	1,120

The following table summarizes the changes in the Company’s accrued restructuring balance, which are included in accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets.

Balance at December 31, 2022			$	—
Restructuring charges			826
Payments			(826)
Balance at July 1, 2023			$	—

Accounting principles generally accepted in the United States of America require disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. Those matters include the following:

General Litigation

The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business. It is the opinion of management that the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position, results of operations and cash flows of the Company.

Self-Insurance

Under the Company’s workers’ compensation insurance program, coverage is obtained for catastrophic exposures under which the Company retains a portion of certain expected losses. The Company has stop loss workers’ compensation insurance for claims in excess of $200 as of July 1, 2023 and December 31, 2022, respectively. Provision for losses expected under this program is recorded based upon the Company’s estimates of the aggregate liability for claims incurred and totaled approximately $394 and $409 as of July 1, 2023, and December 31, 2022, respectively. The amount of actual losses incurred could differ materially from the estimates reflected in these Unaudited Condensed Consolidated Financial Statements.

Under the Company’s health insurance program, coverage is obtained for catastrophic exposures under which the Company retains a portion of certain expected losses. The Company has stop loss insurance for claims in excess of $275 as of July 1, 2023 and December 31, 2022, respectively. Provision for losses expected under this program is recorded based upon the Company’s estimates of the aggregate liability for claims incurred and totaled approximately $2,212 and $2,099 as of July 1, 2023 and December 31, 2022, respectively. The amount of actual losses incurred could differ materially from the estimates reflected in these Unaudited Condensed Consolidated Financial Statements.

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For the interim Unaudited Condensed Consolidated Financial Statements as of July 1, 2023, the Company has evaluated subsequent events through the issuance date of the financial statements.

On July 14, 2023, the Company announced that it would make a voluntary prepayment of $35 million toward that certain First Lien Credit and Guarantee Agreement, dated as of February 12, 2018 (as amended to date, the “First Lien Term Loan”), which was made effective on July 19, 2023. The Company used cash on hand to make the voluntary prepayment.

On August 3, 2023, Janus International Group, Inc. (the “Company”) completed a refinancing pursuant to Amendment No. 6 (the “Amendment”) to that certain First Lien Credit and Guarantee Agreement (the “First Lien”), dated as of February 12, 2018, by and among Janus Intermediate, LLC, a wholly owned subsidiary of the Company (“Janus Intermediate”), Janus International Group, LLC, a wholly owned subsidiary of the Company (“Janus International”), UBS AG, Stamford Branch, as administrative agent and collateral agent, Goldman Sachs Bank USA, as successor administrative agent and collateral agent and the other parties thereto. The Amendment is comprised of a syndicate of lenders originating on August 3, 2023 in the amount of $625,000,000 with interest payable in arrears (with respect to base rate loans) or at the end of an interest period (with respect to Secured Overnight Financing Rate loans). The outstanding loan balance is to be repaid on a quarterly basis in an amount equal to 0.25% of the original balance beginning the last business day of December 2023 with the remaining principal due on the maturity date of August 3, 2030.

On August 3, 2023, the Company also refinanced that certain ABL Credit and Guarantee Agreement, dated as of February 12, 2018 (the “LOC Agreement”) by and among Janus Intermediate, Janus International, Wells Fargo Bank, National Association, as administrative agent and collateral agent and the other parties thereto, pursuant to a new ABL Credit and Guarantee Agreement (the “2023 LOC Agreement”) by and among Janus Intermediate, Janus International, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, along with Bank of America and Goldman Sachs as syndication lenders. The 2023 LOC Agreement, among other things, (i) increased the previous aggregate commitments with respect to the LOC Agreement from $80,000,000 to $125,000,000, (ii) updated the manner in which the previous borrowing base under the LOC Agreement was determined and (iii) replaced the administrative agent with a new administrative agent. Interest payments with respect to the 2023 LOC Agreement are due in arrears.

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v3.23.2

Cover Page - shares	6 Months Ended
	Jul. 01, 2023	Aug. 04, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 01, 2023
Document Transition Report	false
Entity File Number	001-40456
Entity Registrant Name	JANUS INTERNATIONAL GROUP, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-1476200
Entity Address, Address Line One	135 Janus International Blvd.
Entity Address, City or Town	Temple
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30179
City Area Code	866
Local Phone Number	562-2580
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	JBI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		146,827,066
Current Fiscal Year End Date	--12-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
CIK	0001839839

v3.23.2

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Current Assets
Cash	$ 110,707	$ 78,373
Accounts receivable, less allowance for credit losses; $5,389 and $4,549, at July 1, 2023 and December 31, 2022, respectively	156,018	155,397
Contract assets	50,171	39,251
Inventory, net	59,573	67,677
Prepaid expenses	10,125	9,098
Other current assets	3,912	13,381
Total current assets	390,506	363,177
Right-of-use assets, net	43,428	44,305
Property and equipment, net	47,183	42,083
Intangible assets, net	390,186	404,385
Goodwill	368,523	368,204
Deferred tax asset, net	46,601	46,601
Other assets	1,702	1,863
Total assets	1,288,129	1,270,618
Current Liabilities
Accounts payable	55,666	52,268
Billing in excess of costs	18,840	21,445
Current maturities of long-term debt	8,854	8,347
Accrued expenses and other current liabilities	72,248	70,551
Total current liabilities	155,608	152,611
Long-term debt, net	649,220	699,850
Deferred tax liability, net	1,751	1,927
Other long-term liabilities	38,576	40,944
Total liabilities	845,155	895,332
STOCKHOLDERS’ EQUITY
Common Stock, 825,000,000 shares authorized, $0.0001 par value, 146,825,494 and 146,703,894 shares issued and outstanding at July 1, 2023 and December 31, 2022, respectively	15	15
Treasury stock, at cost, 18,638 and zero shares as of July 1, 2023 and December 31, 2022, respectively	(184)	0
Additional paid-in capital	285,495	281,914
Accumulated other comprehensive loss	(3,474)	(4,796)
Retained earnings	161,122	98,153
Total stockholders’ equity	442,974	375,286
Total liabilities and stockholders’ equity	$ 1,288,129	$ 1,270,618

v3.23.2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 5,389	$ 4,549
Common stock, shares authorized (in shares)	825,000,000	825,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares issued (in shares)	146,825,494	146,703,894
Common stock, shares outstanding (in shares)	146,825,494	146,703,894
Treasury stock (in shares)	18,638	0

v3.23.2

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
REVENUES
Total Revenues	$ 270,611	$ 247,714	$ 522,516	$ 477,234
Cost of Revenues	154,291	163,733	306,262	316,684
GROSS PROFIT	116,320	83,981	216,254	160,550
OPERATING EXPENSE
Selling and marketing	16,721	14,389	31,542	27,739
General and administrative	35,316	29,743	69,416	57,849
Operating Expenses	52,037	44,132	100,958	85,588
INCOME FROM OPERATIONS	64,283	39,849	115,296	74,962
Interest expense	(14,797)	(8,868)	(30,796)	(17,643)
Other expense	(145)	(342)	(161)	(369)
INCOME BEFORE TAXES	49,341	30,639	84,339	56,950
Provision for Income Taxes	12,354	7,802	21,370	14,409
NET INCOME	36,987	22,837	62,969	42,541
Other Comprehensive Income (Loss)	631	(3,387)	1,322	(3,901)
COMPREHENSIVE INCOME	37,618	19,450	64,291	38,640
Net income attributable to common stockholders, basic	36,987	22,837	62,969	42,541
Net income attributable to common stockholders, diluted	$ 36,987	$ 22,837	$ 62,969	$ 42,541
Weighted-average shares outstanding, basic and diluted (Note 12)
Basic (in shares)	146,765,631	146,575,720	146,734,762	146,568,719
Diluted (in shares)	146,772,157	146,717,937	146,762,029	146,648,306
Net income per share, basic and diluted (Note 12)
Basic (in dollars per share)	$ 0.25	$ 0.16	$ 0.43	$ 0.29
Diluted (in dollars per share)	$ 0.25	$ 0.16	$ 0.43	$ 0.29
Product revenues
REVENUES
Total Revenues	$ 232,831	$ 219,022	$ 448,239	$ 420,849
Cost of Revenues	126,342	142,391	250,701	274,165
Service revenues
REVENUES
Total Revenues	37,780	28,692	74,277	56,385
Cost of Revenues	$ 27,949	$ 21,342	$ 55,561	$ 42,519

v3.23.2

Condensed Consolidated Statement of Changes in Stockholders’ Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	[1]	Preferred Stock Class A Preferred	Common Stock	Treasury Stock	Additional paid-in capital	Accumulated Other Comprehensive Loss	Retained Earnings (Accumulated Deficit)	Retained Earnings (Accumulated Deficit) Cumulative Effect, Period of Adoption, Adjustment	[1]
Beginning balance (in shares) at Jan. 01, 2022				0
Common stock, beginning balance (in shares) at Jan. 01, 2022					146,561,717
Beginning balance at Jan. 01, 2022	$ 268,287	$ (924)		$ 0	$ 15		$ 277,799	$ (949)	$ (8,578)	$ (924)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation	600						600
Cumulative translation adjustment	(514)							(514)
Net income	19,704								19,704
Common stock, ending balance (in shares) at Apr. 02, 2022					146,561,717
Ending balance (in shares) at Apr. 02, 2022				0
Ending balance at Apr. 02, 2022	287,153			$ 0	$ 15		278,399	(1,463)	10,202
Beginning balance (in shares) at Jan. 01, 2022				0
Common stock, beginning balance (in shares) at Jan. 01, 2022					146,561,717
Beginning balance at Jan. 01, 2022	268,287	$ (924)		$ 0	$ 15		277,799	(949)	(8,578)	$ (924)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares withheld for taxes upon vesting of restricted units	0
Net income	42,541
Common stock, ending balance (in shares) at Jul. 02, 2022					146,639,377
Ending balance (in shares) at Jul. 02, 2022				0
Ending balance at Jul. 02, 2022	307,513			$ 0	$ 15		279,309	(4,850)	33,039
Beginning balance (in shares) at Apr. 02, 2022				0
Common stock, beginning balance (in shares) at Apr. 02, 2022					146,561,717
Beginning balance at Apr. 02, 2022	$ 287,153			$ 0	$ 15		278,399	(1,463)	10,202
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share based compensation (in shares)	77,660
Share-based compensation	$ 910						910
Cumulative translation adjustment	(3,387)							(3,387)
Net income	22,837								22,837
Common stock, ending balance (in shares) at Jul. 02, 2022					146,639,377
Ending balance (in shares) at Jul. 02, 2022				0
Ending balance at Jul. 02, 2022	$ 307,513			$ 0	$ 15		279,309	(4,850)	33,039
Beginning balance (in shares) at Dec. 31, 2022				0
Common stock, beginning balance (in shares) at Dec. 31, 2022	146,703,894				146,703,894
Beginning balance (in shares) at Dec. 31, 2022	0					0
Beginning balance at Dec. 31, 2022	$ 375,286			$ 0	$ 15	$ 0	281,914	(4,796)	98,153
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted units (in shares)					58,790
Shares withheld for taxes upon vesting of restricted units (in shares)					18,520	18,520
Shares withheld for taxes upon vesting of restricted units	(183)					$ 183
Share-based compensation	1,830						1,830
Cumulative translation adjustment	691							691
Net income	25,982								25,982
Common stock, ending balance (in shares) at Apr. 01, 2023					146,744,164
Ending balance (in shares) at Apr. 01, 2023				0
Ending balance (in shares) at Apr. 01, 2023						18,520
Ending balance at Apr. 01, 2023	$ 403,606			$ 0	$ 15	$ (183)	283,744	(4,105)	124,135
Beginning balance (in shares) at Dec. 31, 2022				0
Common stock, beginning balance (in shares) at Dec. 31, 2022	146,703,894				146,703,894
Beginning balance (in shares) at Dec. 31, 2022	0					0
Beginning balance at Dec. 31, 2022	$ 375,286			$ 0	$ 15	$ 0	281,914	(4,796)	98,153
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares withheld for taxes upon vesting of restricted units	(184)
Net income	$ 62,969
Common stock, ending balance (in shares) at Jul. 01, 2023	146,825,494				146,825,494
Ending balance (in shares) at Jul. 01, 2023				0
Ending balance (in shares) at Jul. 01, 2023	18,638					18,638
Ending balance at Jul. 01, 2023	$ 442,974			$ 0	$ 15	$ (184)	285,495	(3,474)	161,122
Beginning balance (in shares) at Apr. 01, 2023				0
Common stock, beginning balance (in shares) at Apr. 01, 2023					146,744,164
Beginning balance (in shares) at Apr. 01, 2023						18,520
Beginning balance at Apr. 01, 2023	403,606			$ 0	$ 15	$ (183)	283,744	(4,105)	124,135
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted units (in shares)					81,448
Shares withheld for taxes upon vesting of restricted units (in shares)					118	118
Shares withheld for taxes upon vesting of restricted units	(1)					$ 1
Share-based compensation	1,751						1,751
Cumulative translation adjustment	631							631
Net income	$ 36,987								36,987
Common stock, ending balance (in shares) at Jul. 01, 2023	146,825,494				146,825,494
Ending balance (in shares) at Jul. 01, 2023				0
Ending balance (in shares) at Jul. 01, 2023	18,638					18,638
Ending balance at Jul. 01, 2023	$ 442,974			$ 0	$ 15	$ (184)	$ 285,495	$ (3,474)	$ 161,122
[1] (a)    Effective January 2, 2022, the Company adopted the provisions of Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) and ASU 2016-02, Leases (Topic 842). We have elected to adopt each of the two standards using the modified retrospective approach through a cumulative-effect adjustment to the opening balance of accumulated deficit for both. See Note 2 in the Annual Report on Form 10-K, for the year ended December 31, 2022, for further details of the impact of each standard.

v3.23.2

Condensed Consolidated Statement of Changes in Stockholders’ Equity (Parenthetical) - Class A Preferred - Preferred Stock	Jul. 01, 2023 $ / shares shares
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.0001
Preferred stock, shares authorized (in shares) | shares	1,000,000

v3.23.2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Cash Flows Provided By Operating Activities
Net income	$ 62,969	$ 42,541
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation of property and equipment	4,369	3,835
Reduction in carrying amount of right-of-use assets	3,048	2,615
Change in inventory obsolescence reserve	(829)	(253)
Amortization of intangibles	14,837	14,871
Deferred finance fee amortization	2,196	1,832
Provision for losses on accounts receivable	844	1,158
Share-based compensation	3,581	1,510
Loss (gain) on sale of equipment	54	(28)
Loss on abandonment of lease	0	571
Loss (gain) on equity investment	53	(60)
Changes in operating assets and liabilities
Accounts receivable	(973)	(26,682)
Contract assets	(10,776)	1,406
Prepaid expenses and other current assets	8,410	2,481
Inventory	9,125	(9,920)
Other assets	2,002	39
Accounts payable	3,188	1,464
Billings in excess of costs	(2,866)	2,877
Accrued expenses and other current liabilities	2,006	4,094
Long-term liabilities	(4,639)	(1,199)
Net Cash Provided By Operating Activities	96,599	43,152
Cash Flows Used In Investing Activities
Proceeds from sale of equipment	17	45
Purchases of property and equipment	(9,602)	(5,268)
Cash paid for acquisitions, net of cash acquired	(1,002)	0
Net Cash Used In Investing Activities	(10,587)	(5,223)
Cash Flows Used In Financing Activities
Payments on line of credit	0	(6,369)
Principal payments on long-term debt	(54,034)	(4,034)
Principal payments under finance lease obligations	(268)	(66)
Cash Used In Financing Activities	(54,302)	(10,469)
Effect of exchange rate changes on cash	624	66
Net Increase in Cash	32,334	27,526
Cash, Beginning of Period	78,373	13,192
Cash, End of Period	110,707	40,718
Supplemental Cash Flows Information
Interest paid	28,448	18,296
Income taxes paid	11,226	11,889
Cash paid for operating leases included in operating activities	4,101	3,832
Non-cash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease obligations	39	42,380
Right-of-use assets obtained in exchange for finance lease obligations	2,102	706
RSU Shares withheld related to employee taxes	$ 184	$ 0

v3.23.2

Nature of Operations	6 Months Ended
	Jul. 01, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations Janus International Group, Inc. is a holding company incorporated in Delaware. References to “Janus,” “Group,” “Company,” “we,” “our” or “us” refer to Janus International Group, Inc. and its consolidated subsidiaries. The Company is a global manufacturer, supplier, and provider of turn-key self-storage, commercial, and industrial building solutions. The Company provides facility and door automation and access control technologies, roll up and swing doors, hallway systems, and relocatable storage “MASS” (Moveable Additional Storage Structures) units, among other solutions, and works with its customers throughout every phase of a project by providing solutions spanning from facility planning and design, construction, technology, and the restoration, rebuilding, and replacement (“R3”) of damaged or end-of-life products. The Company is headquartered in Temple, Georgia, and has domestic operations in Georgia, Texas, Arizona, Indiana, North Carolina, with international operations in United Kingdom, Australia, and Singapore. The Company provides products and services through its two operating and reportable segments which are based on the geographic region of its operations: (i) Janus North America and (ii) Janus International. The Janus International segment is comprised of Janus International Europe Holdings Ltd. (UK) (“JIE”), whose production and sales are largely in Europe and Australia. The Janus North America segment is comprised of all the other entities including Janus Core together with each of its operating subsidiaries, Betco, Inc. (“BETCO”), Nokē, Inc. (“NOKE”), Asta Industries, Inc. (“ASTA”), Access Control Technologies, LLC (“ACT”), Janus Door, LLC and Steel Door Depot.com, LLC. The Company’s common stock is currently traded on the New York Stock Exchange under the symbol “JBI”. The dollar amounts in the notes are shown in thousands of dollars, unless otherwise noted, and rounded to the nearest thousand except for share and per share amounts. Assets held at foreign locations were approximately $65,393 and $61,144 as of July 1, 2023 and December 31, 2022, respectively. Revenues earned at foreign locations totaled approximately $21,209 and $20,324 for the three months ended July 1, 2023 and July 2, 2022, respectively, and $42,782 and $38,238 for the six months ended July 1, 2023 and July 2, 2022, respectively.

v3.23.2

Summary of Significant Accounting Policies	6 Months Ended
	Jul. 01, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements are presented in U.S. dollars and have been prepared in accordance with U.S. GAAP and pursuant to the applicable rules and regulations of the SEC. In the opinion of the Company’s management, the Unaudited Condensed Consolidated Financial Statements include all adjustments necessary for the fair presentation of the Company’s balance sheet as of July 1, 2023, and its results of operations, including its comprehensive income and stockholders’ equity for the six months ended July 1, 2023 and July 2, 2022. The year-end condensed consolidated balance sheet data was derived from audited financial statement, but does not include all disclosures required by accounting principles generally accepted in the United States of America. This Quarterly Report on Form 10-Q should be read in conjunction with the Audited Consolidated Financial Statements and notes that are included in the Annual Report on Form 10-K, for the year ended December 31, 2022. Principles of Consolidation The Unaudited Condensed Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries. The Company’s joint venture is accounted for under the equity method of accounting. All significant intercompany accounts and transactions have been eliminated in consolidation. Reclassification Certain items have been reclassified in the prior year financial statements to conform to the presentation and classifications used in the current year. These reclassifications had no effect on our previously reported results of operations or retained earnings. Prior Period Financial Statement Correction of Immaterial Error Subsequent to the issuance of the fiscal year 2022 Form 10-K consolidated financial statements, an immaterial error was identified relating to certain contracts that were recognized as revenue based on two performance obligations, but it was subsequently determined that the performance obligations were not distinct within the context of the contract with the customer. The correction of this immaterial error led to a presentation change on the condensed consolidated statement of operations and comprehensive income and in Footnote 13 to the condensed consolidated financial statements for the three and six-month periods ended July 2, 2022, as illustrated in the table below. These presentation changes had no effect on our previously reported results of operations or retained earnings. The effect of correcting the immaterial error in the condensed consolidated financial statements for the three and six month periods ended July 1, 2023 is shown in the following table: As previously reported Correction As adjusted Condensed Consolidated Statements of Operations and Comprehensive Income Three Months Ended July 2, 2022 Product Revenues $ 213,969  $ 5,053  $ 219,022  Service Revenues 33,745  (5,053) 28,692  $ 247,714  $ —  $ 247,714  Six Months Ended July 2, 2022 Product Revenues 411,274  9,575  420,849  Service Revenues 65,960  (9,575) 56,385  $ 477,234  $ —  $ 477,234  Footnote 13. Revenue Recognition Reportable Segments by Timing of Revenue Recognition Three Months Ended July 2, 2022 Janus North America Product revenues transferred at a point in time $ 215,865  $ (19,922) $ 195,943  Product revenues transferred over time —  24,975  24,975  Services revenues transferred over time 25,597  (5,053) 20,544  $ 241,462  $ —  $ 241,462  Six Months Ended July 2, 2022 Janus North America Product revenues transferred at a point in time $ 416,023  $ (43,180) $ 372,843  Product revenues transferred over time —  52,754  52,754  Services revenues transferred over time 50,696  (9,574) 41,122  $ 466,719  $ —  $ 466,719  Use of Estimates The preparation of Unaudited Condensed Consolidated Financial Statements in conformity with U.S GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include, but are not limited to, income taxes and the effective tax rates, reserves for inventory obsolescence, the recognition and valuation of unit-based compensation arrangements, the useful lives of property and equipment, estimated progress toward completion for certain revenue contracts, allowances for uncollectible receivable balances, fair values and impairment of intangible assets and goodwill and assumptions used in the recognition of contract assets. Emerging Growth Company Section 102(b)(1) of the Jumpstart Our Business Startups Act, or JOBS Act, exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies are required to comply with the new or revised financial accounting standards. The Company qualifies as an “Emerging Growth Company” and has elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act. This election allows the Company to adopt the new or revised standard at the same time periods as private companies. Fair Value Measurement The Company uses valuation approaches that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. A three-tiered hierarchy is established as a basis for considering such assumptions and for inputs used in the valuation methodologies in measuring fair value. This hierarchy requires that the Company use observable market data, when available, and minimize the use of unobservable inputs when determining fair value: •Level 1, observable inputs such as quoted prices in active markets; •Level 2, inputs other than the quoted prices in active markets that are observable either directly or indirectly; •Level 3, unobservable inputs in which there is little or no market data, which requires that the Company develop its own assumptions. The fair value of cash, accounts receivable less allowance for credit losses, and accounts payable approximate the carrying amounts due to the short-term maturities of these instruments. The fair value of the Company’s debt approximates its carrying amount as of July 1, 2023 and December 31, 2022 due to its variable interest rate that is tied to the current SOFR rate plus an applicable margin and consistency in our credit rating. To estimate the fair value of the Company’s debt, the Company utilized fair value based risk measurements that are indirectly observable, such as credit risk that fall within Level 2 of the Fair Value hierarchy. Significant Accounting Policies The Company’s significant accounting policies have not changed materially from those described in its Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Accounts Receivable and Allowance for Credit Losses Accounts receivable are recorded at the invoiced amount and do not bear interest. Accounts receivable are stated at estimated net realizable value from the sale of products and services to established customers. All trade receivables are due in one year or less. The Company pools accounts receivable by customer type, commercial and self-storage, and by business units due to the similarity of risk characteristics within each group. Commercial customers typically are customers contracting with the Company on short-term projects with smaller credit limits and overall, smaller project sizes. Due to the short-term nature and smaller scale of these types of projects, the Company expects minimal write-offs of its receivables at the commercial pool. Self-storage projects typically involve general contractors and make up the largest portion of the Company’s accounts receivable balance. These projects are usually longer-term construction projects and billed over the course of construction. Credit limits are larger for these projects given the overall project size and duration. Due to the longer-term nature and larger scale of these types of projects, the Company expects a potential for more write-offs of its receivable balances within the self-storage pool. At origination, we evaluate credit risk based on a variety of credit quality factors including prior payment experience, customer financial information, credit ratings, probabilities of default, industry trends, macroeconomic factors and other internal metrics. On an ongoing basis, we monitor credit quality based on past-due status as there is a meaningful correlation between the past-due status of customers and the risk of loss. In determining past-due status, we consider the receivable past due when any installment is over 30 days past due. Receivable balances are written off to the allowance for credit losses when, in the judgment of management, they are considered uncollectible. Revolving charge accounts are generally deemed to be uncollectible and written off to the allowance for credit losses when delinquency reaches 120 days, taking into consideration the financial condition of the customer. The Company uses the loss-rate method in the CECL analysis for trade receivables and contract assets. The allowance for credit losses reflects the estimate of the amount of receivables that the Company will be unable to collect based on historical collection experience and, as applicable, current conditions and reasonable and supportable forecasts that affect collectability. The Company's estimate reflects changing circumstances, including changes in the economy or in the particular circumstances of individual customers. Accordingly, the Company may be required to increase or decrease its allowance. The activity for the allowance for credit losses during the six months ended July 1, 2023 and the fiscal year ended December 31, 2022, is as follows: July 1, 2023 December 31, 2022 Balance at beginning of period $ 4,549  $ 5,449  CECL Adoption (1) —  366  Write-offs (4) (2,949) Provision (reversal), net 844  1,683  Balance at end of period $ 5,389  $ 4,549  (1) On January 2, 2022, the Company adopted the provisions of ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326), which introduced a new model known as CECL. Product Warranties The Company records a liability for product warranties at the time of the related sale of goods. The liability is estimated using historical warranty experience, projected claim rates and expected costs per claim. The Company adjusts its liability for specific warranty matters when they become known and the exposure can be estimated. Product failure rates as well as material usage and labor costs incurred in correcting a product failure affect the Company's warranty liabilities. If actual costs differ from estimated costs, the Company must make a revision to the warranty liability. Generally, the Company offers warranties ranging between 1-3 years for our products with the exception of roofing at one of our business units which is up to 10 years. The activity related to product warranty liabilities recorded in Accrued expenses and other current liabilities, during the six months ended July 1, 2023 and the fiscal year ended December 31, 2022, is as follows: July 1, 2023 December 31, 2022 Balance at beginning of period $ 876  $ 736  Aggregate changes in the product warranty liability 608  140  Balance at end of period $ 1,484  $ 876  Concentrations of Risk Financial instruments that are potentially subject to concentration of credit risk consist primarily of cash and accounts receivable. The Company maintains cash in bank deposit accounts that, at times, may exceed the insured limits of the local country. The Company has not experienced any losses in such accounts. The Company sells its products and services mainly in the United States and European regions. The Company performs ongoing evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary. The Company generally does not require its customers to provide collateral or other security to support accounts receivable. As of July 1, 2023 and December 31, 2022, no customer accounted for more than 10% of the accounts receivable balance. Segments The Company manages its operations through two operating and reportable segments: Janus North America and Janus International. These segments align the Company’s products and service offerings based on the geographic location between North America and International locations which is consistent with how the Company’s Chief Executive Officer, its Chief Operating Decision Maker (“CODM”), reviews and evaluates the Company’s operations. The CODM allocates resources and evaluates the financial performance of each operating segment. The Company’s segments are strategic businesses that are managed separately because each one develops, manufactures and markets distinct products and services. Refer to Note 14, Segments, for further detail. Recently Adopted Accounting Pronouncements On January 1, 2023, the Company adopted ASU 2021-08, Business Combinations (Topic 805) Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ("ASU 2021-08"), which amends ASC 805, Business Combinations (Topic 805), to add contract assets and contract liabilities to the list of exceptions to the recognition and measurement principles that apply to business combinations and to require that an acquiring entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers (Topic 606) ("ASC 606"). Janus will be applying the pronouncement prospectively to business combinations occurring on or after the adoption date. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting and subsequent amendment to the initial guidance: ASU 2021-01, Reference Rate Reform (Topic 848): Scope (collectively, “Topic 848”). Topic 848 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. ASU 2022-06 defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024. Effective April 2, 2023, the Company transitioned its credit agreements from LIBOR to the Secured Overnight Financing Rate ("SOFR"). The Company adopted this guidance prospectively on April 2, 2023, and the adoption did not have a material impact on the Consolidated Condensed Financial Statements. Recently Issued Accounting Pronouncements Although there are several other new accounting pronouncements issued or proposed by the FASB, which will be adopted as applicable, management does not believe any of these accounting pronouncements will have a material impact on the Company’s consolidated financial position or results of operations.

v3.23.2

Inventories	6 Months Ended
	Jul. 01, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value utilizing the first-in, first-out (FIFO) method. The major components of inventories as of July 1, 2023 and December 31, 2022 are as follows: July 1, December 31, 2023 2022 Raw materials $ 41,954  $ 49,788  Work-in-process 581  1,566  Finished goods 17,038  16,323  Inventory, net $ 59,573  $ 67,677  The Company has recorded a reserve for inventory obsolescence as of July 1, 2023 and December 31, 2022, of approximately $2,872 and $2,034, respectively.

v3.23.2

Property and Equipment	6 Months Ended
	Jul. 01, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property, equipment, and other fixed assets as of July 1, 2023 and December 31, 2022 are as follows: July 1, December 31, Useful Life 2023 2022 Land Indefinite $ 4,501  $ 4,501  Building 39 years 2,459  2,459  Manufacturing machinery and equipment 3-7 years 40,689  38,814  Leasehold improvements Over the shorter of the lease term or respective useful life 9,731  8,327  Computer and software 3 years 3,877  9,580  Furniture and fixtures, and vehicles 3-7 years 8,457  3,623  Construction in progress — 8,095  1,852  $ 77,809  $ 69,156  Less: accumulated depreciation (30,626) (27,073) $ 47,183  $ 42,083  Depreciation expense was approximately $2,189 and $1,978 for the three month periods ended July 1, 2023 and July 2, 2022, respectively, and $4,369 and $3,835 for the six months ended July 1, 2023 and July 2, 2022, respectively.

v3.23.2

Acquired Intangible Assets and Goodwill	6 Months Ended
	Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired Intangible Assets and Goodwill	Acquired Intangible Assets and Goodwill Intangible assets acquired in a business combination are recognized at fair value and amortized over their estimated useful lives. The carrying basis and accumulated amortization of recognized intangible assets at July 1, 2023 and December 31, 2022, are as follows: July 1, December 31, 2023 2022 Gross Carrying Amount Accumulated Amortization Net Amount Gross Carrying Amount Accumulated Amortization Net Amount Intangible Assets Useful Life Customer relationships 10-15 years $ 408,853  $ 139,910  $ 268,943  $ 408,246  $ 125,613  $ 282,633  Tradenames and trademarks Indefinite 107,613  —  107,613  107,378  —  107,378  Software development 10-15 years 20,320  6,808  13,512  20,320  6,085  14,235  Noncompete agreements 3-8 years 396  278  118  394  255  139  Backlog < 1 year —  —  —  41,390  41,390  —  $ 537,182  $ 146,996  $ 390,186  $ 577,728  $ 173,343  $ 404,385  Changes to gross carrying amount of recognized intangible assets due to translation adjustments include an approximate $638 gain and $1,972 gain for the periods ended July 1, 2023 and December 31, 2022, respectively. The amortization of intangible assets is included in the general and administrative expense on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Amortization expense was approximately $7,421 and $7,646 for the three month periods ended July 1, 2023 and July 2, 2022, respectively, and $14,837 and $14,871 for the six months ended July 1, 2023 and July 2, 2022, respectively. The changes in the carrying amounts of goodwill for the period ended July 1, 2023 were as follows: Balance as of December 31, 2022 $ 368,204  Foreign Currency Translation Adjustment 319  Balance as of July 1, 2023 $ 368,523

v3.23.2

Accrued Expenses and Other Current Liabilities	6 Months Ended
	Jul. 01, 2023
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities are summarized as follows: July 1, December 31, 2023 2022 Customer deposits $ 34,089  $ 29,581  Employee compensation 13,474  16,520  Current operating lease liabilities 5,248  5,310  Sales tax payable 5,800  5,144  Income taxes 1,026  773  Accrued professional fees 2,652  3,594  Product warranties 1,256  876  Accrued freight 951  1,177  Interest payable 386  235  Indemnity holdback liability —  1,002  Other liabilities 7,366  6,339  Total $ 72,248  $ 70,551  Other liabilities as of July 1, 2023 and December 31, 2022 consists of property tax, credit card and various other accruals.

v3.23.2

Line of Credit	6 Months Ended
	Jul. 01, 2023
Debt Disclosure [Abstract]
Line of Credit	Line of Credit On April 10, 2023, the Company entered into Amendment Number Three to the ABL Credit and Guarantee Agreement (the “LOC Amendment”) to that certain ABL Credit and Guarantee Agreement, dated as of February 12, 2018 (the “LOC Agreement”). The Amendment, among other things, (i) replaced the interest rate based on the LIBOR and related LIBOR-based mechanics applicable to borrowings under the ABL Credit and Guarantee Agreement with an interest rate based on the Secured Overnight Financing Rate (“SOFR”) and related SOFR-based mechanics and (ii) updates certain other provisions of the ABL Credit and Guarantee Agreement to reflect the transition from LIBOR to SOFR. The current line of credit facility is for $80,000 with interest payments due in arrears. The interest rate on the facility is based on a base rate, unless a SOFR Rate (as defined in the LOC Agreement) option is chosen by the Company. If the SOFR Rate is elected, the interest computation is equal to the SOFR Rate plus the SOFR Rate Margin of 1.25%, as of July 1, 2023. If the Base Rate (as defined in the LOC Agreement) is elected, the interest computation is equal to the Base Rate of the greatest of (a) the federal funds rate plus .5%, (b) the SOFR rate plus 1%, or (c) the financial institution’s Prime Rate (as defined in the LOC Agreement), plus the Base Rate Margin (as defined in the LOC Agreement) of .25% as of July 1, 2023. At the beginning of each quarter, the applicable margin is set and determined by the administrative agent based on the average net availability on the line of credit for the previous quarter. As of July 1, 2023 and December 31, 2022, the interest rate in effect for the facility was 8.5% and 7.8%, respectively. The line of credit is collateralized by accounts receivable and inventories. The Company has incurred deferred loan costs in the amount of $1,483 which are being amortized over the term of the facility that expires on August 12, 2024, using the straight-line method, and are presented as part of other assets within our Unaudited Condensed Consolidated Balance Sheet. The amortization of the deferred loan costs is included in interest expense on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Amortization of approximately $62 was recognized for both the three month periods ended July 1, 2023 and July 2, 2022, and $123 was recognized for both the six month periods ended July 1, 2023 and July 2, 2022. The unamortized portion of the fees as of July 1, 2023 and December 31, 2022 was approximately $279 and $402, respectively. There were no borrowings outstanding on the line of credit as of July 1, 2023 and December 31, 2022.Long-Term Debt Long-term debt consists of the following: July 1, December 31, 2023 2022 Note payable - Amendment No.5 First Lien $ 660,279  $ 714,312  Financing leases 2,880  1,043  $ 663,159  $ 715,355  Less: unamortized deferred finance fees 5,085  7,158  Less: current maturities 8,854  8,347  Total long-term debt $ 649,220  $ 699,850  Notes Payable - Amendment No.4 First Lien - On August 18, 2021, the Company completed an incremental raise in the form of that certain Incremental Amendment No. 4 (the “Amendment No. 4 First Lien”) to the First Lien Term Loan. The Amendment No. 4 First Lien is comprised of a syndicate of lenders modified on August 18, 2021 for an aggregate principal balance of $726,413 with interest payable in arrears. The outstanding loan balance is to be repaid on a quarterly basis of 0.28% of the original balance beginning the last day of September 2021 with the remaining principal due on the maturity date of February 12, 2025. During the six months ended July 1, 2023, the Company made a voluntary prepayment of $50,000 on the Amendment No. 4 First Lien. Notes Payable - Amendment No.5 First Lien - On June 20, 2023, the Company entered into Amendment No. 5 (the “Amendment No. 5 First Lien”) to the First Lien Term Loan. The Amendment No. 5 First Lien, among other things, (i) replaces the interest rate based on the London Interbank Offered Rate (“LIBOR”) and related LIBOR-based mechanics applicable to borrowings under the Agreement with an interest rate based on the Secured Overnight Financing Rate (“SOFR”) and related SOFR-based mechanics and (ii) updates certain other provisions of the Agreement to reflect the transition from LIBOR to SOFR. As chosen by the Company, the amended loan bears interest at a floating rate per annum consisting of SOFR, plus an applicable margin percent (effective rate of 8.5% as of July 1, 2023). The debt is secured by substantially all business assets. In connection with the Company entering into the First Lien debt agreement discussed above, deferred finance fees were capitalized and are being amortized using the effective interest method. Amortization of approximately $789 and $858 was recognized for the three months ended July 1, 2023 and July 2, 2022, respectively. $2,073 and $1,709 was recognized for the six months ended July 1, 2023 and July 2, 2022, respectively, as a component of interest expense. The increase during the six months ended July 1, 2023, was primarily a result of the voluntary prepayment as noted above. As of July 1, 2023 and December 31, 2022, the Company maintained one letter of credit totaling approximately $400 on which there were no balances due.

v3.23.2

Long-Term Debt	6 Months Ended
	Jul. 01, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Line of Credit On April 10, 2023, the Company entered into Amendment Number Three to the ABL Credit and Guarantee Agreement (the “LOC Amendment”) to that certain ABL Credit and Guarantee Agreement, dated as of February 12, 2018 (the “LOC Agreement”). The Amendment, among other things, (i) replaced the interest rate based on the LIBOR and related LIBOR-based mechanics applicable to borrowings under the ABL Credit and Guarantee Agreement with an interest rate based on the Secured Overnight Financing Rate (“SOFR”) and related SOFR-based mechanics and (ii) updates certain other provisions of the ABL Credit and Guarantee Agreement to reflect the transition from LIBOR to SOFR. The current line of credit facility is for $80,000 with interest payments due in arrears. The interest rate on the facility is based on a base rate, unless a SOFR Rate (as defined in the LOC Agreement) option is chosen by the Company. If the SOFR Rate is elected, the interest computation is equal to the SOFR Rate plus the SOFR Rate Margin of 1.25%, as of July 1, 2023. If the Base Rate (as defined in the LOC Agreement) is elected, the interest computation is equal to the Base Rate of the greatest of (a) the federal funds rate plus .5%, (b) the SOFR rate plus 1%, or (c) the financial institution’s Prime Rate (as defined in the LOC Agreement), plus the Base Rate Margin (as defined in the LOC Agreement) of .25% as of July 1, 2023. At the beginning of each quarter, the applicable margin is set and determined by the administrative agent based on the average net availability on the line of credit for the previous quarter. As of July 1, 2023 and December 31, 2022, the interest rate in effect for the facility was 8.5% and 7.8%, respectively. The line of credit is collateralized by accounts receivable and inventories. The Company has incurred deferred loan costs in the amount of $1,483 which are being amortized over the term of the facility that expires on August 12, 2024, using the straight-line method, and are presented as part of other assets within our Unaudited Condensed Consolidated Balance Sheet. The amortization of the deferred loan costs is included in interest expense on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. Amortization of approximately $62 was recognized for both the three month periods ended July 1, 2023 and July 2, 2022, and $123 was recognized for both the six month periods ended July 1, 2023 and July 2, 2022. The unamortized portion of the fees as of July 1, 2023 and December 31, 2022 was approximately $279 and $402, respectively. There were no borrowings outstanding on the line of credit as of July 1, 2023 and December 31, 2022.Long-Term Debt Long-term debt consists of the following: July 1, December 31, 2023 2022 Note payable - Amendment No.5 First Lien $ 660,279  $ 714,312  Financing leases 2,880  1,043  $ 663,159  $ 715,355  Less: unamortized deferred finance fees 5,085  7,158  Less: current maturities 8,854  8,347  Total long-term debt $ 649,220  $ 699,850  Notes Payable - Amendment No.4 First Lien - On August 18, 2021, the Company completed an incremental raise in the form of that certain Incremental Amendment No. 4 (the “Amendment No. 4 First Lien”) to the First Lien Term Loan. The Amendment No. 4 First Lien is comprised of a syndicate of lenders modified on August 18, 2021 for an aggregate principal balance of $726,413 with interest payable in arrears. The outstanding loan balance is to be repaid on a quarterly basis of 0.28% of the original balance beginning the last day of September 2021 with the remaining principal due on the maturity date of February 12, 2025. During the six months ended July 1, 2023, the Company made a voluntary prepayment of $50,000 on the Amendment No. 4 First Lien. Notes Payable - Amendment No.5 First Lien - On June 20, 2023, the Company entered into Amendment No. 5 (the “Amendment No. 5 First Lien”) to the First Lien Term Loan. The Amendment No. 5 First Lien, among other things, (i) replaces the interest rate based on the London Interbank Offered Rate (“LIBOR”) and related LIBOR-based mechanics applicable to borrowings under the Agreement with an interest rate based on the Secured Overnight Financing Rate (“SOFR”) and related SOFR-based mechanics and (ii) updates certain other provisions of the Agreement to reflect the transition from LIBOR to SOFR. As chosen by the Company, the amended loan bears interest at a floating rate per annum consisting of SOFR, plus an applicable margin percent (effective rate of 8.5% as of July 1, 2023). The debt is secured by substantially all business assets. In connection with the Company entering into the First Lien debt agreement discussed above, deferred finance fees were capitalized and are being amortized using the effective interest method. Amortization of approximately $789 and $858 was recognized for the three months ended July 1, 2023 and July 2, 2022, respectively. $2,073 and $1,709 was recognized for the six months ended July 1, 2023 and July 2, 2022, respectively, as a component of interest expense. The increase during the six months ended July 1, 2023, was primarily a result of the voluntary prepayment as noted above. As of July 1, 2023 and December 31, 2022, the Company maintained one letter of credit totaling approximately $400 on which there were no balances due.

v3.23.2

Leases	6 Months Ended
	Jul. 01, 2023
Leases [Abstract]
Leases	Leases At lease commencement, a right-of-use (“ROU”) asset and lease liability is recorded based on the present value of the future lease payments over the lease term. The Company has elected not to recognize a ROU asset and lease liability for leases with terms of 12 months or less. The Company leases facilities, vehicles, and other equipment under long-term operating and financing leases with varying terms. In addition to the base rent, real estate leases typically contain provisions for common-area maintenance and other similar service, which are considered non-lease components for accounting purposes. For our real estate leases, we apply a practical expedient to include these non-lease components in calculating the ROU asset and lease liability. Furthermore, for all other types of leases, the practical expedient was also elected whereby lease and non-lease components have been combined. The Company uses the non-cancellable lease term unless it is reasonably certain that a renewal or termination option will be exercised. When available, the Company will use the rate implicit in the lease to discount lease payments to present value, however as most leases do not provide an implicit rate, the Company will estimate the incremental borrowing rate to discount the lease payments. The Company estimates the incremental borrowing rate based on the rates of interest that the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis, over a similar term, and in a similar economic environment. The ROU asset also includes any lease prepayments and initial direct costs, offset by lease incentives. The Company does not consider renewal periods or early terminations to be reasonably certain and are thus not included in the lease term for real estate or equipment assets. The components of ROU assets and lease liabilities were as follows: (in thousands) Balance Sheet Classification July 1, 2023 December 31, 2022 Assets: Operating lease assets Right-of-use assets, net $ 40,607  $ 43,282  Finance lease assets Right-of-use assets, net 2,821  1,023  Total leased assets $ 43,428  $ 44,305  Liabilities: Current: Operating Other accrued expenses $ 5,248  $ 5,310  Financing Current maturities of long-term debt 787  280  Noncurrent: Operating Other long-term liabilities $ 38,486  $ 40,907  Financing Long-term debt 2,093  763  Total lease liabilities $ 46,614  $ 47,260  The components of lease expense were as follows: Three Months Ended Three Months Ended Six Months Ended Six Months Ended (in thousands) July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 Operating lease cost $ 2,145  $ 2,018  $ 4,289  $ 4,005  Variable lease cost 159  80  321  165  Short-term lease cost —  —  —  60  Finance lease cost: Amortization of right-of-use assets $ 182  $ 45  $ 306  $ 62  Interest on lease liabilities 49  9  79  12  Total lease cost $ 2,535  $ 2,152  $ 4,995  $ 4,304  Other information related to leases was as follows: July 1, 2023 December 31, 2022 Weighted Average Remaining Lease Term (in years) Operating Leases 9.44 9.66 Finance Leases 3.49 3.37 Weighted Average Discount Rate Operating Leases 7.1% 7.1% Finance Leases 8.3% 6.6% As of July 1, 2023, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows: (in thousands) 2023 $ 4,153  2024 7,531  2025 6,668  2026 6,084  2027 5,309  Thereafter 31,864  Total future lease payments $ 61,609  Less: imputed interest $ (17,875) Present value of future lease payments $ 43,734  As of July 1, 2023, future minimum repayments of finance leases were as follows: (in thousands) 2023 $ 495  2024 990  2025 990  2026 480  2027 288  Thereafter 86  Total future lease payments $ 3,329  Less: imputed interest $ (449) Present value of future lease payments $ 2,880
Leases	Leases At lease commencement, a right-of-use (“ROU”) asset and lease liability is recorded based on the present value of the future lease payments over the lease term. The Company has elected not to recognize a ROU asset and lease liability for leases with terms of 12 months or less. The Company leases facilities, vehicles, and other equipment under long-term operating and financing leases with varying terms. In addition to the base rent, real estate leases typically contain provisions for common-area maintenance and other similar service, which are considered non-lease components for accounting purposes. For our real estate leases, we apply a practical expedient to include these non-lease components in calculating the ROU asset and lease liability. Furthermore, for all other types of leases, the practical expedient was also elected whereby lease and non-lease components have been combined. The Company uses the non-cancellable lease term unless it is reasonably certain that a renewal or termination option will be exercised. When available, the Company will use the rate implicit in the lease to discount lease payments to present value, however as most leases do not provide an implicit rate, the Company will estimate the incremental borrowing rate to discount the lease payments. The Company estimates the incremental borrowing rate based on the rates of interest that the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis, over a similar term, and in a similar economic environment. The ROU asset also includes any lease prepayments and initial direct costs, offset by lease incentives. The Company does not consider renewal periods or early terminations to be reasonably certain and are thus not included in the lease term for real estate or equipment assets. The components of ROU assets and lease liabilities were as follows: (in thousands) Balance Sheet Classification July 1, 2023 December 31, 2022 Assets: Operating lease assets Right-of-use assets, net $ 40,607  $ 43,282  Finance lease assets Right-of-use assets, net 2,821  1,023  Total leased assets $ 43,428  $ 44,305  Liabilities: Current: Operating Other accrued expenses $ 5,248  $ 5,310  Financing Current maturities of long-term debt 787  280  Noncurrent: Operating Other long-term liabilities $ 38,486  $ 40,907  Financing Long-term debt 2,093  763  Total lease liabilities $ 46,614  $ 47,260  The components of lease expense were as follows: Three Months Ended Three Months Ended Six Months Ended Six Months Ended (in thousands) July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 Operating lease cost $ 2,145  $ 2,018  $ 4,289  $ 4,005  Variable lease cost 159  80  321  165  Short-term lease cost —  —  —  60  Finance lease cost: Amortization of right-of-use assets $ 182  $ 45  $ 306  $ 62  Interest on lease liabilities 49  9  79  12  Total lease cost $ 2,535  $ 2,152  $ 4,995  $ 4,304  Other information related to leases was as follows: July 1, 2023 December 31, 2022 Weighted Average Remaining Lease Term (in years) Operating Leases 9.44 9.66 Finance Leases 3.49 3.37 Weighted Average Discount Rate Operating Leases 7.1% 7.1% Finance Leases 8.3% 6.6% As of July 1, 2023, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows: (in thousands) 2023 $ 4,153  2024 7,531  2025 6,668  2026 6,084  2027 5,309  Thereafter 31,864  Total future lease payments $ 61,609  Less: imputed interest $ (17,875) Present value of future lease payments $ 43,734  As of July 1, 2023, future minimum repayments of finance leases were as follows: (in thousands) 2023 $ 495  2024 990  2025 990  2026 480  2027 288  Thereafter 86  Total future lease payments $ 3,329  Less: imputed interest $ (449) Present value of future lease payments $ 2,880

v3.23.2

Income Taxes	6 Months Ended
	Jul. 01, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company is taxed as a Corporation for U.S. income tax purposes and similar sections of the state income tax laws. The Company’s effective tax rate is based on pre-tax earnings, enacted U.S. statutory tax rates, non-deductible expenses, and certain tax rate differences between U.S. and foreign jurisdictions. The foreign subsidiaries file income tax returns in the United Kingdom, France, Australia, and Singapore as necessary. For tax reporting purposes, the Company includes the taxable income or loss with respect to the 45% ownership in the joint venture operating in Mexico. The Company’s provision for income taxes consists of provisions for federal, state, and foreign income taxes. Deferred tax liabilities and assets attributable to different tax jurisdictions are not offset. The provision for income taxes for the three and six months ended July 1, 2023 and July 2, 2022 includes amounts related to entities within the Company taxed as corporations in the United States, United Kingdom, France, Australia, and Singapore. The Company determines its provision for income taxes for interim periods using an estimate of its annual effective tax rate on year to date ordinary income and records any changes affecting the estimated annual effective tax rate in the interim period in which the change occurs. Additionally, the income tax effects of significant unusual or infrequently occurring items are recognized entirely within the interim period in which the event occurs. During the three months ended July 1, 2023 and July 2, 2022, the Company recorded a total income tax provision of approximately $12,354 and $7,802 on pre-tax income of $49,341 and $30,639 resulting in an effective tax rate of 25.0% and 25.5%, respectively. During the six months ended July 1, 2023 and July 2, 2022, the Company recorded a total income tax provision of approximately $21,370 and $14,409 on pre-tax income of $84,339 and $56,950 resulting in an effective tax rate of 25.3% and 25.3%, respectively. For the three and six months ended July 1, 2023, effective tax rates were primarily impacted by the change in statutory rate differentials, changes in estimated state income tax and apportionment rates, and permanent differences. For, the three and six months ended July 2, 2022, effective rates were primarily impacted by statutory rate differentials, changes in estimated tax rates, and permanent differences.

v3.23.2

Equity Compensation	6 Months Ended
	Jul. 01, 2023
Share-Based Payment Arrangement [Abstract]
Equity Compensation	Equity Compensation 2021 Omnibus Incentive Plan The Company maintains its 2021 Omnibus Incentive Plan (the “Plan”) under which it grants stock-based awards to eligible directors, officers and employees in order to attract, retain and reward such individuals and strengthen the mutuality of interest between such individuals and the Company’s stockholders. The Plan allows the Company to issue and grant 15,125,000 shares. The Company measures compensation expense for stock-based awards in accordance with ASC Topic 718, Compensation – Stock Compensation (“ASC 718”). During the six months ended July 1, 2023, the Company granted stock-based awards including restricted stock units (“RSUs”), performance-based restricted stock units (“PSUs”), and stock options under the Plan. The grant date fair value of RSUs are equal to the closing price of the Company’s common stock on either: (i) the date of grant; or (ii) the previous trading day, depending on the level of administration required. Forfeitures are recognized as they occur, any unvested RSUs or stock options are forfeited upon a “Termination of Service”, as defined in the Plan, or as otherwise provided in the applicable award agreement or determined by the Company’s Compensation Committee of the Board of Directors. Restricted Stock Unit Grants RSUs are subject to a vesting period between one and four years. RSU activity for the six months ended July 1, 2023 is as follows: (dollar amounts in thousands, except share and per share data) Six Months Ended July 1, 2023 RSUs Weighted-Average Grant Date Fair Value Unvested, outstanding at December 31, 2022 465,064  $ 10.5  Granted 593,587  10.4  Vested (140,238) 10.5  Forfeited (14,659) 10.2  Unvested, outstanding at July 1, 2023 903,754  $ 10.5  Stock-based compensation expense for RSUs is recognized straight line over the respective vesting period, reduced for actual forfeitures, and included in general and administrative expense in the accompanying Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income. Total compensation expense related to the above awards was approximately $947 and $679 for the three months ended July 1, 2023 and July 2, 2022, respectively. Total compensation expense related to the above awards was approximately $1,584 and $1,278 for the six months ended July 1, 2023 and July 2, 2022, respectively. As of July 1, 2023, there was an aggregate of $8,494 of unrecognized expense related to the RSUs granted, which the Company expects to amortize over a weighted-average period of 2.62 years. Performance-based Restricted Stock Unit Grants PSU awards are based on the satisfaction of the Company’s performance metrics. The number of PSUs that become earned can range between 0% and 200% of the original target number of PSUs awarded for the 2022 and 2023 awards. PSUs are subject to a three-year performance cliff-vesting period. PSUs activity for the six months ended July 1, 2023 is as follows: (dollar amounts in thousands, except share and per share data) Six months ended July 1, 2023 PSUs Weighted-Average Grant Date Fair Value Unvested, outstanding at December 31, 2022 252,923  $ 9.5  Granted 229,091  10.6  Vested —  —  Forfeited —  —  Unvested, outstanding at July 1, 2023 (1) 482,014  $ 10.0  1) This number excludes 252,923 performance stock units, which represents the incremental number of units that would be issued based on performance results from previously-granted PSU awards. The PSUs granted in 2022 are currently estimated at 200% of target. Stock-based compensation expense for PSUs is recognized straight line over the requisite vesting period, reduced for actual forfeitures, and included in general and administrative expense in the accompanying Condensed Consolidated Statement of Operations and Comprehensive Income. Total compensation expense related to the PSUs was approximately $598 and $138 for the three months ended July 1, 2023 and July 2, 2022, respectively. Total compensation expense related to the performance-based awards was approximately $1,591 and $138 for the six months ended July 1, 2023 and July 2, 2022, respectively. As of July 1, 2023, there was an aggregate of $4,391 of unrecognized expense related to the PSUs granted, which the Company expects to amortize over a weighted-average period of 1.96 years.      The above table represents PSUs assuming 100% of target payout at the time of the grant. Actual payouts can range between 0% and 200%, depending on performance results for the three-year performance period. As of July 1, 2023, the Company deemed the estimate of the PSUs granted in fiscal year ended December 31, 2022 to be issued at 200% of target, and have reflected such estimates within the share-based compensation expense. The Company estimates the PSU’s granted during the period ending July 1, 2023 to be issued at 100% of target. The Actual payout of the 2022 grants will be in a range of 0% to 200%, depending on performance results for the three-year performance period from January 2, 2022, through December 28, 2024. The Actual payout of the 2023 grants will be in a range of 0% to 200%, depending on performance results for the three-year performance period from January 1, 2023, through December 27, 2025. Stock Options Stock options are granted by applying a Black-Scholes valuation model to determine the fair value on the grant date. Stock options are subject to a vesting period of either three or four years. Stock option awards typically vest in 33% or 25% annual installments on each annual anniversary of the vesting commencement date for the duration of the vesting period, and expire ten years from the grant date. The principal assumptions utilized in valuing stock options include, the expected option life, the risk-free interest rate (an estimate based on the yield of United States Treasury zero coupon with a maturity equal to the expected life of the option), the expected stock price volatility using the historical and implied price volatility, and the expected dividend yield. A summary of the assumptions used in determining the fair value of stock options is as follows: (dollar amounts in thousands, except share and per share data) Six Months Ended July 1, 2023 Expected life of option (years) 6.00 - 6.25 Risk-free interest rate 2.9% - 3.7% Expected volatility of the Company’s stock 45% - 48% Expected dividend yield on the Company’s stock —  % Stock option activity for the six months ended July 1, 2023 is as follows: Six Months Ended July 1, 2023 Stock Options Weighted-Average Grant Date Fair Value Weighted Average Remaining Contractual Life (in years) Intrinsic value Unvested, outstanding at December 31, 2022 700,729  $ 4.5  9.8 $ 0.2  Granted 18,796  5.3  9.7 0.1  Exercised —  —  —  —  Vested (175,175) 4.5  8.7 1.2  Forfeited —  —  —  —  Unvested, outstanding at July 1, 2023 544,350  $ 4.5  8.9 $ —  Vested not exercised at July 1, 2023 175,175  $ 4.5  8.7 $ 1.2  Stock-based compensation expense for stock options is recognized straight line over the respective vesting period, reduced for actual forfeitures, and included in general and administrative expense in the accompanying Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income. Total compensation expense related to stock options was approximately $206 and $94 for the three months ended July 1, 2023 and July 2, 2022, respectively. Total compensation expense related to stock options was approximately $406 and $94 for the six months ended July 1, 2023 and July 2, 2022, respectively. Total unamortized stock-based compensation expense related to the unvested stock options was approximately $2,338, which the Company expects to amortize over a weighted-average period of 2.84 years.

v3.23.2

Net Income Per Share	6 Months Ended
	Jul. 01, 2023
Earnings Per Share [Abstract]
Net Income Per Share	Net Income Per Share Basic net income per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed based on the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. For the three and six months ended July 1, 2023 and July 2, 2022, dilutive potential common shares include stock options and unvested restricted stock units. Dilutive EPS excludes all common shares if their effect is anti-dilutive. The following table sets forth the computation of basic and diluted EPS attributable to common stockholders for the three and six months ended July 1, 2023 and July 2, 2022 (in thousands, except share and per share data): Three Months Ended Six Months Ended July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 Numerator: Net income attributable to common stockholders $ 36,987  $ 22,837  $ 62,969  $ 42,541  Denominator: Weighted average number of shares: Basic 146,765,631  146,575,720  146,734,762  146,568,719  Adjustment for dilutive securities 6,526  142,217  27,267  79,587  Diluted 146,772,157  146,717,937  146,762,029  146,648,306  Basic net income per share attributable to common stockholders $ 0.25  $ 0.16  $ 0.43  $ 0.29  Diluted net income per share attributable to common stockholders $ 0.25  $ 0.16  $ 0.43  $ 0.29

v3.23.2

Revenue Recognition	6 Months Ended
	Jul. 01, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company accounts for a contract with a customer when both parties have approved the contract and are committed to perform their respective obligations, each party’s rights and payment terms can be identified, the contract has commercial substance, and it is probable that the Company will collect substantially all of the consideration to which it is entitled. Revenue is recognized when, or as, performance obligations are satisfied by transferring control of a promised good or service to a customer. Contract Balances Contract assets are the rights to consideration in exchange for goods and services that the Company has transferred to a customer. Unbilled receivables result from revenues recognized at a point-in-time and represent an unconditional right to payment subject primarily to the passage of time. Unbilled receivables are recognized as accounts receivable when they are billed. Costs in excess of billings result from revenues recognized over time and represent the net balance of billings that already occurred. Contract liabilities (billings in excess of costs) represent billings to a customer in excess of revenue that has been recognized over time. Contract balances as of July 1, 2023 were as follows: 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  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  Billings in excess of cost at December 31, 2022 $ 21,445  Billings in excess of cost at July 1, 2023 $ 18,840  During the three and six months ended July 1, 2023, the Company recognized revenue of approximately $6,642 and $18,590 related to contract liabilities at December 31, 2022. This reduction was offset by new billings of approximately $7,171 and $15,985 for product and services for which there were unsatisfied performance obligations to customers and revenue had not yet been recognized for the three and six month periods ended July 1, 2023. The Company derives subscription revenue from continued software support and through the Nokē Smart Entry System, a product which provides mobile access for tenants and remote monitoring and tracking for operators. We determine standalone selling price for recurring software revenue by using the adjusted market assessment approach. The recurring revenue recognized from the Nokē Smart Entry System for the three months ended July 1, 2023 and July 2, 2022 was $774 and $316, respectively. The recurring revenue recognized from the Nokē Smart Entry System for the six months ended July 1, 2023 and July 2, 2022 was $1,208 and $611, respectively. 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 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 Product revenues transferred at a point in time(1) $ 204,548  $ 195,943  $ 381,847  $ 372,843  Product revenues transferred over time(1) 27,700  24,975  60,584  52,754  Service revenues transferred over time(1) 29,061  20,544  57,092  41,122  $ 261,309  $ 241,462  $ 499,523  $ 466,719  Janus International Product revenues transferred at a point in time $ 12,038  $ 12,176  $ 25,143  $ 22,975  Service revenues transferred over time 9,171  8,148  17,638  15,263  $ 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  (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 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 Self Storage-New Construction $ 88,599  $ 70,650  $ 156,842  $ 146,359  Self Storage-R3 78,022  69,431  160,275  131,003  Commercial and Others 94,688  101,381  182,406  189,357  $ 261,309  $ 241,462  $ 499,523  $ 466,719  Janus International Self Storage-New Construction $ 18,529  $ 14,884  $ 37,067  $ 26,782  Self Storage-R3 2,680  5,440  5,714  11,456  $ 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

v3.23.2

Segments Information	6 Months Ended
	Jul. 01, 2023
Segment Reporting [Abstract]
Segments Information	Segments Information The Company operates its business and reports its results through two reportable segments: Janus North America and Janus International, in accordance with ASC Topic 280, Segment Reporting. The Janus International segment is comprised of JIE with its production and sales located largely in Europe. The Janus North America segment is comprised of all the other entities including Janus Core, BETCO, NOKE, ASTA, DBCI, ACT, Janus Door, U.S. Door, and Steel Door Depot. Summarized financial information for the Company’s segments is shown in the following tables: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, 2023 2022 2023 2022 Revenue Janus North America $ 261,309  $ 241,462  $ 499,523  $ 466,719  Janus International 21,209  20,324  42,781  38,238  Eliminations (11,907) (14,072) (19,788) (27,723) Consolidated Revenue $ 270,611  $ 247,714  $ 522,516  $ 477,234  Income From Operations Janus North America $ 61,541  $ 38,173  $ 110,419  $ 73,028  Janus International 2,842  1,702  5,121  1,949  Eliminations (100) (26) (244) (15) Total Segment Operating Income $ 64,283  $ 39,849  $ 115,296  $ 74,962  Depreciation Expense Janus North America $ 1,967  $ 1,791  $ 3,921  $ 3,464  Janus International 222  187  448  371  Consolidated Depreciation Expense $ 2,189  $ 1,978  $ 4,369  $ 3,835  Amortization of Intangible Assets Janus North America $ 7,105  $ 7,324  $ 14,210  $ 14,210  Janus International 316  322  627  661  Consolidated Amortization Expense $ 7,421  $ 7,646  $ 14,837  $ 14,871  Capital Expenditures Janus North America $ 3,170  $ 2,121  $ 8,315  $ 4,673  Janus International 362  267  1,287  595  Consolidated Capital Expenditures $ 3,532  $ 2,388  $ 9,602  $ 5,268  July 1, December 31 2023 2022 Identifiable Assets Janus North America $ 1,223,137  $ 1,209,905  Janus International 64,992  60,713  Consolidated Assets $ 1,288,129  $ 1,270,618

v3.23.2

Restructuring	6 Months Ended
	Jul. 01, 2023
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring During fiscal year 2022 and 2023, the Company initiated a restructuring plan to relocate one of its international facilities and align its ongoing corporate strategy. The Company incurs costs associated with restructuring initiatives intended to improve operating performance, profitability and efficiency of business processes. Restructuring charges can include severance costs, relocations costs, recruiting fees affiliated with hiring new personnel, legal costs, and contract cancellation costs. The Company records restructuring charges when they are probable and estimable. Restructuring costs are accrued when the Company announces the closure or restructuring event, and the amounts can be reasonably estimated. Restructuring costs are included in general and administrative expenses on the Condensed Consolidated Statements of Operations and Comprehensive Income. The Company’s restructuring expenses are comprised of the following: (in thousands) Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, 2023 2022 2023 2022 Severance and termination benefits $ 51  $ 250  $ 145  $ 250  Facility related charges 37  517  37  620  Legal, consulting, and other  professional fees 148  250  644  250  Total Restructuring Charges $ 236  $ 1,017  $ 826  $ 1,120  The following table summarizes the changes in the Company’s accrued restructuring balance, which are included in accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets. Balance at December 31, 2022 $ —  Restructuring charges 826  Payments (826) Balance at July 1, 2023 $ —

v3.23.2

Commitments and Contingencies	6 Months Ended
	Jul. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Accounting principles generally accepted in the United States of America require disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. Those matters include the following: General Litigation The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business. It is the opinion of management that the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position, results of operations and cash flows of the Company. Self-Insurance Under the Company’s workers’ compensation insurance program, coverage is obtained for catastrophic exposures under which the Company retains a portion of certain expected losses. The Company has stop loss workers’ compensation insurance for claims in excess of $200 as of July 1, 2023 and December 31, 2022, respectively. Provision for losses expected under this program is recorded based upon the Company’s estimates of the aggregate liability for claims incurred and totaled approximately $394 and $409 as of July 1, 2023, and December 31, 2022, respectively. The amount of actual losses incurred could differ materially from the estimates reflected in these Unaudited Condensed Consolidated Financial Statements. Under the Company’s health insurance program, coverage is obtained for catastrophic exposures under which the Company retains a portion of certain expected losses. The Company has stop loss insurance for claims in excess of $275 as of July 1, 2023 and December 31, 2022, respectively. Provision for losses expected under this program is recorded based upon the Company’s estimates of the aggregate liability for claims incurred and totaled approximately $2,212 and $2,099 as of July 1, 2023 and December 31, 2022, respectively. The amount of actual losses incurred could differ materially from the estimates reflected in these Unaudited Condensed Consolidated Financial Statements.

v3.23.2

Related Party Transactions	6 Months Ended
	Jul. 01, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party TransactionsFor the six months ended July 1, 2023 and July 2, 2022, there were no related party transactions.

v3.23.2

Subsequent Events	6 Months Ended
	Jul. 01, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events For the interim Unaudited Condensed Consolidated Financial Statements as of July 1, 2023, the Company has evaluated subsequent events through the issuance date of the financial statements. On July 14, 2023, the Company announced that it would make a voluntary prepayment of $35 million toward that certain First Lien Credit and Guarantee Agreement, dated as of February 12, 2018 (as amended to date, the “First Lien Term Loan”), which was made effective on July 19, 2023. The Company used cash on hand to make the voluntary prepayment. On August 3, 2023, Janus International Group, Inc. (the “Company”) completed a refinancing pursuant to Amendment No. 6 (the “Amendment”) to that certain First Lien Credit and Guarantee Agreement (the “First Lien”), dated as of February 12, 2018, by and among Janus Intermediate, LLC, a wholly owned subsidiary of the Company (“Janus Intermediate”), Janus International Group, LLC, a wholly owned subsidiary of the Company (“Janus International”), UBS AG, Stamford Branch, as administrative agent and collateral agent, Goldman Sachs Bank USA, as successor administrative agent and collateral agent and the other parties thereto. The Amendment is comprised of a syndicate of lenders originating on August 3, 2023 in the amount of $625,000,000 with interest payable in arrears (with respect to base rate loans) or at the end of an interest period (with respect to Secured Overnight Financing Rate loans). The outstanding loan balance is to be repaid on a quarterly basis in an amount equal to 0.25% of the original balance beginning the last business day of December 2023 with the remaining principal due on the maturity date of August 3, 2030. On August 3, 2023, the Company also refinanced that certain ABL Credit and Guarantee Agreement, dated as of February 12, 2018 (the “LOC Agreement”) by and among Janus Intermediate, Janus International, Wells Fargo Bank, National Association, as administrative agent and collateral agent and the other parties thereto, pursuant to a new ABL Credit and Guarantee Agreement (the “2023 LOC Agreement”) by and among Janus Intermediate, Janus International, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, along with Bank of America and Goldman Sachs as syndication lenders. The 2023 LOC Agreement, among other things, (i) increased the previous aggregate commitments with respect to the LOC Agreement from $80,000,000 to $125,000,000, (ii) updated the manner in which the previous borrowing base under the LOC Agreement was determined and (iii) replaced the administrative agent with a new administrative agent. Interest payments with respect to the 2023 LOC Agreement are due in arrears.

v3.23.2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 01, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of PresentationThe accompanying consolidated financial statements are presented in U.S. dollars and have been prepared in accordance with U.S. GAAP and pursuant to the applicable rules and regulations of the SEC. In the opinion of the Company’s management, the Unaudited Condensed Consolidated Financial Statements include all adjustments necessary for the fair presentation of the Company’s balance sheet as of July 1, 2023, and its results of operations, including its comprehensive income and stockholders’ equity for the six months ended July 1, 2023 and July 2, 2022. The year-end condensed consolidated balance sheet data was derived from audited financial statement, but does not include all disclosures required by accounting principles generally accepted in the United States of America. This Quarterly Report on Form 10-Q should be read in conjunction with the Audited Consolidated Financial Statements and notes that are included in the Annual Report on Form 10-K, for the year ended December 31, 2022.
Principles of Consolidation	Principles of ConsolidationThe Unaudited Condensed Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries. The Company’s joint venture is accounted for under the equity method of accounting. All significant intercompany accounts and transactions have been eliminated in consolidation.
Reclassification	ReclassificationCertain items have been reclassified in the prior year financial statements to conform to the presentation and classifications used in the current year. These reclassifications had no effect on our previously reported results of operations or retained earnings.
Use of Estimates	Use of Estimates The preparation of Unaudited Condensed Consolidated Financial Statements in conformity with U.S GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include, but are not limited to, income taxes and the effective tax rates, reserves for inventory obsolescence, the recognition and valuation of unit-based compensation arrangements, the useful lives of property and equipment, estimated progress toward completion for certain revenue contracts, allowances for uncollectible receivable balances, fair values and impairment of intangible assets and goodwill and assumptions used in the recognition of contract assets.
Emerging Growth Company	Emerging Growth Company Section 102(b)(1) of the Jumpstart Our Business Startups Act, or JOBS Act, exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies are required to comply with the new or revised financial accounting standards. The Company qualifies as an “Emerging Growth Company” and has elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act. This election allows the Company to adopt the new or revised standard at the same time periods as private companies.
Fair Value Measurement	Fair Value Measurement The Company uses valuation approaches that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. A three-tiered hierarchy is established as a basis for considering such assumptions and for inputs used in the valuation methodologies in measuring fair value. This hierarchy requires that the Company use observable market data, when available, and minimize the use of unobservable inputs when determining fair value: •Level 1, observable inputs such as quoted prices in active markets; •Level 2, inputs other than the quoted prices in active markets that are observable either directly or indirectly; •Level 3, unobservable inputs in which there is little or no market data, which requires that the Company develop its own assumptions. The fair value of cash, accounts receivable less allowance for credit losses, and accounts payable approximate the carrying amounts due to the short-term maturities of these instruments. The fair value of the Company’s debt approximates its carrying amount as of July 1, 2023 and December 31, 2022 due to its variable interest rate that is tied to the current SOFR rate plus an applicable margin and consistency in our credit rating. To estimate the fair value of the Company’s debt, the Company utilized fair value based risk measurements that are indirectly observable, such as credit risk that fall within Level 2 of the Fair Value hierarchy.
Accounts Receivable and Allowance for Credit Losses	Accounts Receivable and Allowance for Credit Losses Accounts receivable are recorded at the invoiced amount and do not bear interest. Accounts receivable are stated at estimated net realizable value from the sale of products and services to established customers. All trade receivables are due in one year or less. The Company pools accounts receivable by customer type, commercial and self-storage, and by business units due to the similarity of risk characteristics within each group. Commercial customers typically are customers contracting with the Company on short-term projects with smaller credit limits and overall, smaller project sizes. Due to the short-term nature and smaller scale of these types of projects, the Company expects minimal write-offs of its receivables at the commercial pool. Self-storage projects typically involve general contractors and make up the largest portion of the Company’s accounts receivable balance. These projects are usually longer-term construction projects and billed over the course of construction. Credit limits are larger for these projects given the overall project size and duration. Due to the longer-term nature and larger scale of these types of projects, the Company expects a potential for more write-offs of its receivable balances within the self-storage pool. At origination, we evaluate credit risk based on a variety of credit quality factors including prior payment experience, customer financial information, credit ratings, probabilities of default, industry trends, macroeconomic factors and other internal metrics. On an ongoing basis, we monitor credit quality based on past-due status as there is a meaningful correlation between the past-due status of customers and the risk of loss. In determining past-due status, we consider the receivable past due when any installment is over 30 days past due. Receivable balances are written off to the allowance for credit losses when, in the judgment of management, they are considered uncollectible. Revolving charge accounts are generally deemed to be uncollectible and written off to the allowance for credit losses when delinquency reaches 120 days, taking into consideration the financial condition of the customer. The Company uses the loss-rate method in the CECL analysis for trade receivables and contract assets. The allowance for credit losses reflects the estimate of the amount of receivables that the Company will be unable to collect based on historical collection experience and, as applicable, current conditions and reasonable and supportable forecasts that affect collectability. The Company's estimate reflects changing circumstances, including changes in the economy or in the particular circumstances of individual customers. Accordingly, the Company may be required to increase or decrease its allowance.
Product Warranties	Product Warranties The Company records a liability for product warranties at the time of the related sale of goods. The liability is estimated using historical warranty experience, projected claim rates and expected costs per claim. The Company adjusts its liability for specific warranty matters when they become known and the exposure can be estimated. Product failure rates as well as material usage and labor costs incurred in correcting a product failure affect the Company's warranty liabilities. If actual costs differ from estimated costs, the Company must make a revision to the warranty liability. Generally, the Company offers warranties ranging between 1-3 years for our products with the exception of roofing at one of our business units which is up to 10 years.
Concentrations of Risk	Concentrations of Risk Financial instruments that are potentially subject to concentration of credit risk consist primarily of cash and accounts receivable. The Company maintains cash in bank deposit accounts that, at times, may exceed the insured limits of the local country. The Company has not experienced any losses in such accounts. The Company sells its products and services mainly in the United States and European regions. The Company performs ongoing evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary. The Company generally does not require its customers to provide collateral or other security to support accounts receivable. As of July 1, 2023 and December 31, 2022, no customer accounted for more than 10% of the accounts receivable balance.
Segments	Segments The Company manages its operations through two operating and reportable segments: Janus North America and Janus International. These segments align the Company’s products and service offerings based on the geographic location between North America and International locations which is consistent with how the Company’s Chief Executive Officer, its Chief Operating Decision Maker (“CODM”), reviews and evaluates the Company’s operations. The CODM allocates resources and evaluates the financial performance of each operating segment. The Company’s segments are strategic businesses that are managed separately because each one develops, manufactures and markets distinct products and services. Refer to Note 14, Segments, for further detail.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements On January 1, 2023, the Company adopted ASU 2021-08, Business Combinations (Topic 805) Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ("ASU 2021-08"), which amends ASC 805, Business Combinations (Topic 805), to add contract assets and contract liabilities to the list of exceptions to the recognition and measurement principles that apply to business combinations and to require that an acquiring entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers (Topic 606) ("ASC 606"). Janus will be applying the pronouncement prospectively to business combinations occurring on or after the adoption date. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting and subsequent amendment to the initial guidance: ASU 2021-01, Reference Rate Reform (Topic 848): Scope (collectively, “Topic 848”). Topic 848 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. ASU 2022-06 defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024. Effective April 2, 2023, the Company transitioned its credit agreements from LIBOR to the Secured Overnight Financing Rate ("SOFR"). The Company adopted this guidance prospectively on April 2, 2023, and the adoption did not have a material impact on the Consolidated Condensed Financial Statements. Recently Issued Accounting Pronouncements Although there are several other new accounting pronouncements issued or proposed by the FASB, which will be adopted as applicable, management does not believe any of these accounting pronouncements will have a material impact on the Company’s consolidated financial position or results of operations.

v3.23.2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jul. 01, 2023
Accounting Policies [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	The effect of correcting the immaterial error in the condensed consolidated financial statements for the three and six month periods ended July 1, 2023 is shown in the following table: As previously reported Correction As adjusted Condensed Consolidated Statements of Operations and Comprehensive Income Three Months Ended July 2, 2022 Product Revenues $ 213,969  $ 5,053  $ 219,022  Service Revenues 33,745  (5,053) 28,692  $ 247,714  $ —  $ 247,714  Six Months Ended July 2, 2022 Product Revenues 411,274  9,575  420,849  Service Revenues 65,960  (9,575) 56,385  $ 477,234  $ —  $ 477,234  Footnote 13. Revenue Recognition Reportable Segments by Timing of Revenue Recognition Three Months Ended July 2, 2022 Janus North America Product revenues transferred at a point in time $ 215,865  $ (19,922) $ 195,943  Product revenues transferred over time —  24,975  24,975  Services revenues transferred over time 25,597  (5,053) 20,544  $ 241,462  $ —  $ 241,462  Six Months Ended July 2, 2022 Janus North America Product revenues transferred at a point in time $ 416,023  $ (43,180) $ 372,843  Product revenues transferred over time —  52,754  52,754  Services revenues transferred over time 50,696  (9,574) 41,122  $ 466,719  $ —  $ 466,719
Schedule of Accounts Receivable, Allowance for Credit Loss	The activity for the allowance for credit losses during the six months ended July 1, 2023 and the fiscal year ended December 31, 2022, is as follows: July 1, 2023 December 31, 2022 Balance at beginning of period $ 4,549  $ 5,449  CECL Adoption (1) —  366  Write-offs (4) (2,949) Provision (reversal), net 844  1,683  Balance at end of period $ 5,389  $ 4,549  (1) On January 2, 2022, the Company adopted the provisions of ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326), which introduced a new model known as CECL.
Schedule of Product Warranty Liability	The activity related to product warranty liabilities recorded in Accrued expenses and other current liabilities, during the six months ended July 1, 2023 and the fiscal year ended December 31, 2022, is as follows: July 1, 2023 December 31, 2022 Balance at beginning of period $ 876  $ 736  Aggregate changes in the product warranty liability 608  140  Balance at end of period $ 1,484  $ 876

v3.23.2

Inventories (Tables)	6 Months Ended
	Jul. 01, 2023
Inventory Disclosure [Abstract]
Schedule of Major Components of Inventories	The major components of inventories as of July 1, 2023 and December 31, 2022 are as follows: July 1, December 31, 2023 2022 Raw materials $ 41,954  $ 49,788  Work-in-process 581  1,566  Finished goods 17,038  16,323  Inventory, net $ 59,573  $ 67,677

v3.23.2

Property and Equipment (Tables)	6 Months Ended
	Jul. 01, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Equipment, and Other Fixed Assets	Property, equipment, and other fixed assets as of July 1, 2023 and December 31, 2022 are as follows: July 1, December 31, Useful Life 2023 2022 Land Indefinite $ 4,501  $ 4,501  Building 39 years 2,459  2,459  Manufacturing machinery and equipment 3-7 years 40,689  38,814  Leasehold improvements Over the shorter of the lease term or respective useful life 9,731  8,327  Computer and software 3 years 3,877  9,580  Furniture and fixtures, and vehicles 3-7 years 8,457  3,623  Construction in progress — 8,095  1,852  $ 77,809  $ 69,156  Less: accumulated depreciation (30,626) (27,073) $ 47,183  $ 42,083

v3.23.2

Acquired Intangible Assets and Goodwill (Tables)	6 Months Ended
	Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets	The carrying basis and accumulated amortization of recognized intangible assets at July 1, 2023 and December 31, 2022, are as follows: July 1, December 31, 2023 2022 Gross Carrying Amount Accumulated Amortization Net Amount Gross Carrying Amount Accumulated Amortization Net Amount Intangible Assets Useful Life Customer relationships 10-15 years $ 408,853  $ 139,910  $ 268,943  $ 408,246  $ 125,613  $ 282,633  Tradenames and trademarks Indefinite 107,613  —  107,613  107,378  —  107,378  Software development 10-15 years 20,320  6,808  13,512  20,320  6,085  14,235  Noncompete agreements 3-8 years 396  278  118  394  255  139  Backlog < 1 year —  —  —  41,390  41,390  —  $ 537,182  $ 146,996  $ 390,186  $ 577,728  $ 173,343  $ 404,385
Schedule of Finite-Lived Intangible Assets	The carrying basis and accumulated amortization of recognized intangible assets at July 1, 2023 and December 31, 2022, are as follows: July 1, December 31, 2023 2022 Gross Carrying Amount Accumulated Amortization Net Amount Gross Carrying Amount Accumulated Amortization Net Amount Intangible Assets Useful Life Customer relationships 10-15 years $ 408,853  $ 139,910  $ 268,943  $ 408,246  $ 125,613  $ 282,633  Tradenames and trademarks Indefinite 107,613  —  107,613  107,378  —  107,378  Software development 10-15 years 20,320  6,808  13,512  20,320  6,085  14,235  Noncompete agreements 3-8 years 396  278  118  394  255  139  Backlog < 1 year —  —  —  41,390  41,390  —  $ 537,182  $ 146,996  $ 390,186  $ 577,728  $ 173,343  $ 404,385
Schedule of Goodwill	The changes in the carrying amounts of goodwill for the period ended July 1, 2023 were as follows: Balance as of December 31, 2022 $ 368,204  Foreign Currency Translation Adjustment 319  Balance as of July 1, 2023 $ 368,523

v3.23.2

Accrued Expenses and Other Current Liabilities (Tables)	6 Months Ended
	Jul. 01, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities are summarized as follows: July 1, December 31, 2023 2022 Customer deposits $ 34,089  $ 29,581  Employee compensation 13,474  16,520  Current operating lease liabilities 5,248  5,310  Sales tax payable 5,800  5,144  Income taxes 1,026  773  Accrued professional fees 2,652  3,594  Product warranties 1,256  876  Accrued freight 951  1,177  Interest payable 386  235  Indemnity holdback liability —  1,002  Other liabilities 7,366  6,339  Total $ 72,248  $ 70,551

v3.23.2

Long-Term Debt (Tables)	6 Months Ended
	Jul. 01, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following: July 1, December 31, 2023 2022 Note payable - Amendment No.5 First Lien $ 660,279  $ 714,312  Financing leases 2,880  1,043  $ 663,159  $ 715,355  Less: unamortized deferred finance fees 5,085  7,158  Less: current maturities 8,854  8,347  Total long-term debt $ 649,220  $ 699,850

v3.23.2

Leases (Tables)	6 Months Ended
	Jul. 01, 2023
Leases [Abstract]
Schedule of Balance Sheet Information	The components of ROU assets and lease liabilities were as follows: (in thousands) Balance Sheet Classification July 1, 2023 December 31, 2022 Assets: Operating lease assets Right-of-use assets, net $ 40,607  $ 43,282  Finance lease assets Right-of-use assets, net 2,821  1,023  Total leased assets $ 43,428  $ 44,305  Liabilities: Current: Operating Other accrued expenses $ 5,248  $ 5,310  Financing Current maturities of long-term debt 787  280  Noncurrent: Operating Other long-term liabilities $ 38,486  $ 40,907  Financing Long-term debt 2,093  763  Total lease liabilities $ 46,614  $ 47,260
Schedule of Lease Costs	The components of lease expense were as follows: Three Months Ended Three Months Ended Six Months Ended Six Months Ended (in thousands) July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 Operating lease cost $ 2,145  $ 2,018  $ 4,289  $ 4,005  Variable lease cost 159  80  321  165  Short-term lease cost —  —  —  60  Finance lease cost: Amortization of right-of-use assets $ 182  $ 45  $ 306  $ 62  Interest on lease liabilities 49  9  79  12  Total lease cost $ 2,535  $ 2,152  $ 4,995  $ 4,304  Other information related to leases was as follows: July 1, 2023 December 31, 2022 Weighted Average Remaining Lease Term (in years) Operating Leases 9.44 9.66 Finance Leases 3.49 3.37 Weighted Average Discount Rate Operating Leases 7.1% 7.1% Finance Leases 8.3% 6.6%
Schedule of Operating Lease Maturity	As of July 1, 2023, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows: (in thousands) 2023 $ 4,153  2024 7,531  2025 6,668  2026 6,084  2027 5,309  Thereafter 31,864  Total future lease payments $ 61,609  Less: imputed interest $ (17,875) Present value of future lease payments $ 43,734
Schedule of Finance Lease Maturity	As of July 1, 2023, future minimum repayments of finance leases were as follows: (in thousands) 2023 $ 495  2024 990  2025 990  2026 480  2027 288  Thereafter 86  Total future lease payments $ 3,329  Less: imputed interest $ (449) Present value of future lease payments $ 2,880

v3.23.2

Equity Compensation (Tables)	6 Months Ended
	Jul. 01, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Stock Unit Activity	RSUs are subject to a vesting period between one and four years. RSU activity for the six months ended July 1, 2023 is as follows: (dollar amounts in thousands, except share and per share data) Six Months Ended July 1, 2023 RSUs Weighted-Average Grant Date Fair Value Unvested, outstanding at December 31, 2022 465,064  $ 10.5  Granted 593,587  10.4  Vested (140,238) 10.5  Forfeited (14,659) 10.2  Unvested, outstanding at July 1, 2023 903,754  $ 10.5  PSUs activity for the six months ended July 1, 2023 is as follows: (dollar amounts in thousands, except share and per share data) Six months ended July 1, 2023 PSUs Weighted-Average Grant Date Fair Value Unvested, outstanding at December 31, 2022 252,923  $ 9.5  Granted 229,091  10.6  Vested —  —  Forfeited —  —  Unvested, outstanding at July 1, 2023 (1) 482,014  $ 10.0  1) This number excludes 252,923 performance stock units, which represents the incremental number of units that would be issued based on performance results from previously-granted PSU awards. The PSUs granted in 2022 are currently estimated at 200% of target.
Schedule of Valuation Assumptions	A summary of the assumptions used in determining the fair value of stock options is as follows: (dollar amounts in thousands, except share and per share data) Six Months Ended July 1, 2023 Expected life of option (years) 6.00 - 6.25 Risk-free interest rate 2.9% - 3.7% Expected volatility of the Company’s stock 45% - 48% Expected dividend yield on the Company’s stock —  %
Schedule of Stock Option Activity	Stock option activity for the six months ended July 1, 2023 is as follows: Six Months Ended July 1, 2023 Stock Options Weighted-Average Grant Date Fair Value Weighted Average Remaining Contractual Life (in years) Intrinsic value Unvested, outstanding at December 31, 2022 700,729  $ 4.5  9.8 $ 0.2  Granted 18,796  5.3  9.7 0.1  Exercised —  —  —  —  Vested (175,175) 4.5  8.7 1.2  Forfeited —  —  —  —  Unvested, outstanding at July 1, 2023 544,350  $ 4.5  8.9 $ —  Vested not exercised at July 1, 2023 175,175  $ 4.5  8.7 $ 1.2

v3.23.2

Net Income Per Share (Tables)	6 Months Ended
	Jul. 01, 2023
Earnings Per Share [Abstract]
Schedule of Net Income Per Share	The following table sets forth the computation of basic and diluted EPS attributable to common stockholders for the three and six months ended July 1, 2023 and July 2, 2022 (in thousands, except share and per share data): Three Months Ended Six Months Ended July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022 Numerator: Net income attributable to common stockholders $ 36,987  $ 22,837  $ 62,969  $ 42,541  Denominator: Weighted average number of shares: Basic 146,765,631  146,575,720  146,734,762  146,568,719  Adjustment for dilutive securities 6,526  142,217  27,267  79,587  Diluted 146,772,157  146,717,937  146,762,029  146,648,306  Basic net income per share attributable to common stockholders $ 0.25  $ 0.16  $ 0.43  $ 0.29  Diluted net income per share attributable to common stockholders $ 0.25  $ 0.16  $ 0.43  $ 0.29

v3.23.2

Revenue Recognition (Tables)	6 Months Ended
	Jul. 01, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Contract Balances	Contract balances as of July 1, 2023 were as follows: 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  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  Billings in excess of cost at December 31, 2022 $ 21,445  Billings in excess of cost at July 1, 2023 $ 18,840
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 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 Product revenues transferred at a point in time(1) $ 204,548  $ 195,943  $ 381,847  $ 372,843  Product revenues transferred over time(1) 27,700  24,975  60,584  52,754  Service revenues transferred over time(1) 29,061  20,544  57,092  41,122  $ 261,309  $ 241,462  $ 499,523  $ 466,719  Janus International Product revenues transferred at a point in time $ 12,038  $ 12,176  $ 25,143  $ 22,975  Service revenues transferred over time 9,171  8,148  17,638  15,263  $ 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  (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 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 Self Storage-New Construction $ 88,599  $ 70,650  $ 156,842  $ 146,359  Self Storage-R3 78,022  69,431  160,275  131,003  Commercial and Others 94,688  101,381  182,406  189,357  $ 261,309  $ 241,462  $ 499,523  $ 466,719  Janus International Self Storage-New Construction $ 18,529  $ 14,884  $ 37,067  $ 26,782  Self Storage-R3 2,680  5,440  5,714  11,456  $ 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

v3.23.2

Segments Information (Tables)	6 Months Ended
	Jul. 01, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Summarized financial information for the Company’s segments is shown in the following tables: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, 2023 2022 2023 2022 Revenue Janus North America $ 261,309  $ 241,462  $ 499,523  $ 466,719  Janus International 21,209  20,324  42,781  38,238  Eliminations (11,907) (14,072) (19,788) (27,723) Consolidated Revenue $ 270,611  $ 247,714  $ 522,516  $ 477,234  Income From Operations Janus North America $ 61,541  $ 38,173  $ 110,419  $ 73,028  Janus International 2,842  1,702  5,121  1,949  Eliminations (100) (26) (244) (15) Total Segment Operating Income $ 64,283  $ 39,849  $ 115,296  $ 74,962  Depreciation Expense Janus North America $ 1,967  $ 1,791  $ 3,921  $ 3,464  Janus International 222  187  448  371  Consolidated Depreciation Expense $ 2,189  $ 1,978  $ 4,369  $ 3,835  Amortization of Intangible Assets Janus North America $ 7,105  $ 7,324  $ 14,210  $ 14,210  Janus International 316  322  627  661  Consolidated Amortization Expense $ 7,421  $ 7,646  $ 14,837  $ 14,871  Capital Expenditures Janus North America $ 3,170  $ 2,121  $ 8,315  $ 4,673  Janus International 362  267  1,287  595  Consolidated Capital Expenditures $ 3,532  $ 2,388  $ 9,602  $ 5,268  July 1, December 31 2023 2022 Identifiable Assets Janus North America $ 1,223,137  $ 1,209,905  Janus International 64,992  60,713  Consolidated Assets $ 1,288,129  $ 1,270,618

v3.23.2

Restructuring (Tables)	6 Months Ended
	Jul. 01, 2023
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Expenses	The Company’s restructuring expenses are comprised of the following: (in thousands) Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, 2023 2022 2023 2022 Severance and termination benefits $ 51  $ 250  $ 145  $ 250  Facility related charges 37  517  37  620  Legal, consulting, and other  professional fees 148  250  644  250  Total Restructuring Charges $ 236  $ 1,017  $ 826  $ 1,120
Schedule of Restructuring Reserve	The following table summarizes the changes in the Company’s accrued restructuring balance, which are included in accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets. Balance at December 31, 2022 $ —  Restructuring charges 826  Payments (826) Balance at July 1, 2023 $ —

v3.23.2

Nature of Operations (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023 USD ($)	Jul. 02, 2022 USD ($)	Jul. 01, 2023 USD ($) segment	Jul. 02, 2022 USD ($)	Dec. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Number of operating segments | segment			2
Number of reportable segments | segment			2
Identifiable Assets	$ 1,288,129		$ 1,288,129		$ 1,270,618
Revenue	270,611	$ 247,714	522,516	$ 477,234
Non-U.S.
Schedule of Equity Method Investments [Line Items]
Identifiable Assets	65,393		65,393		$ 61,144
Revenue	$ 21,209	$ 20,324	$ 42,782	$ 38,238

v3.23.2

Summary of Significant Accounting Policies - Schedule of Error Correction (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 270,611	$ 247,714	$ 522,516	$ 477,234
Janus North America | Operating Segments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	261,309	241,462	499,523	466,719
As previously reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		247,714		477,234
As previously reported | Janus North America | Operating Segments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		241,462		466,719
Product revenues
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	232,831	219,022	448,239	420,849
Product revenues | Janus North America | Product revenues transferred at a point in time | Operating Segments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	204,548	195,943	381,847	372,843
Product revenues | Janus North America | Service revenues transferred over time | Operating Segments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	27,700	24,975	60,584	52,754
Product revenues | As previously reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		213,969		411,274
Product revenues | As previously reported | Janus North America | Product revenues transferred at a point in time | Operating Segments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		215,865		416,023
Product revenues | As previously reported | Janus North America | Service revenues transferred over time | Operating Segments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		0		0
Product revenues | Correction
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		5,053		9,575
Product revenues | Correction | Janus North America | Product revenues transferred at a point in time | Operating Segments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		(19,922)		(43,180)
Product revenues | Correction | Janus North America | Service revenues transferred over time | Operating Segments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		24,975		52,754
Service revenues
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	37,780	28,692	74,277	56,385
Service revenues | Janus North America | Service revenues transferred over time | Operating Segments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 29,061	20,544	$ 57,092	41,122
Service revenues | As previously reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		33,745		65,960
Service revenues | As previously reported | Janus North America | Service revenues transferred over time | Operating Segments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		25,597		50,696
Service revenues | Correction
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		(5,053)		(9,575)
Service revenues | Correction | Janus North America | Service revenues transferred over time | Operating Segments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue		$ (5,053)		$ (9,574)

v3.23.2

Summary of Significant Accounting Policies - Schedule of Accounts Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 01, 2023	Dec. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance at beginning of period	$ 4,549	$ 5,449
Write-offs	(4)	(2,949)
Provision (reversal), net	844	1,683
Balance at end of period	$ 5,389	4,549
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance at beginning of period		$ 366

v3.23.2

Summary of Significant Accounting Policies - Schedule of Product Warranty Liability (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 01, 2023	Dec. 31, 2022
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 876	$ 736
Aggregate changes in the product warranty liability	608	140
Balance at end of period	$ 1,484	$ 876

v3.23.2

Summary of Significant Accounting Policies - Narrative (Details)	6 Months Ended
	Jul. 01, 2023 segment
Accounting Policies [Abstract]
Number of operating segments	2
Number of reportable segments	2

v3.23.2

Inventories (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 41,954	$ 49,788
Work-in-process	581	1,566
Finished goods	17,038	16,323
Inventory, net	59,573	67,677
Inventory valuation reserves	$ 2,872	$ 2,034

v3.23.2

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 77,809		$ 77,809		$ 69,156
Less: accumulated depreciation	(30,626)		(30,626)		(27,073)
Property, plant and equipment, net	47,183		47,183		42,083
Amortization of intangibles	7,421	$ 7,646	14,837	$ 14,871
Depreciation of property and equipment	2,189	$ 1,978	4,369	$ 3,835
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,501		4,501		4,501
Building
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,459		$ 2,459		2,459
Property plant and equipment, useful life	39 years		39 years
Manufacturing machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 40,689		$ 40,689		38,814
Manufacturing machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	3 years		3 years
Manufacturing machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	7 years		7 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 9,731		$ 9,731		8,327
Computer and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,877		$ 3,877		9,580
Property plant and equipment, useful life	3 years		3 years
Furniture and fixtures, and vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 8,457		$ 8,457		3,623
Furniture and fixtures, and vehicles | Minimum
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	3 years		3 years
Furniture and fixtures, and vehicles | Maximum
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	7 years		7 years
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 8,095		$ 8,095		$ 1,852

v3.23.2

Acquired Intangible Assets and Goodwill - Schedule of Indefinite-Lived and Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 146,996		$ 146,996		$ 173,343
Total gross carrying amount	537,182		537,182		577,728
Total net amount	390,186		390,186		404,385
Foreign currency translation			638		1,972
Amortization of intangibles	7,421	$ 7,646	14,837	$ 14,871
Tradenames and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, indefinite-lived	107,613		107,613		107,378
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	408,853		408,853		408,246
Accumulated Amortization	139,910		139,910		125,613
Net Amount	$ 268,943		$ 268,943		282,633
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Average Remaining Life in Years	10 years		10 years
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Average Remaining Life in Years	15 years		15 years
Software development
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 20,320		$ 20,320		20,320
Accumulated Amortization	6,808		6,808		6,085
Net Amount	$ 13,512		$ 13,512		14,235
Software development | Minimum
Finite-Lived Intangible Assets [Line Items]
Average Remaining Life in Years	10 years		10 years
Software development | Maximum
Finite-Lived Intangible Assets [Line Items]
Average Remaining Life in Years	15 years		15 years
Noncompete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 396		$ 396		394
Accumulated Amortization	278		278		255
Net Amount	$ 118		$ 118		139
Noncompete agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Average Remaining Life in Years	3 years		3 years
Noncompete agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Average Remaining Life in Years	8 years		8 years
Backlog
Finite-Lived Intangible Assets [Line Items]
Average Remaining Life in Years	1 year		1 year
Gross Carrying Amount	$ 0		$ 0		41,390
Accumulated Amortization	0		0		41,390
Net Amount	$ 0		$ 0		$ 0

v3.23.2

Acquired Intangible Assets and Goodwill - Schedule of Goodwill (Details) $ in Thousands	6 Months Ended
	Jul. 01, 2023 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 368,204
Foreign Currency Translation Adjustment	319
Ending balance	$ 368,523

v3.23.2

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Customer deposits	$ 34,089	$ 29,581
Employee compensation	13,474	16,520
Current operating lease liabilities	5,248	5,310
Sales tax payable	5,800	5,144
Income taxes	1,026	773
Accrued professional fees	2,652	3,594
Product warranties	1,256	876
Accrued freight	951	1,177
Interest payable	386	235
Indemnity holdback liability	0	1,002
Other liabilities	7,366	6,339
Total	$ 72,248	$ 70,551

v3.23.2

Line of Credit (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Dec. 31, 2022
Line of Credit Facility [Line Items]
Deferred finance fee amortization			$ 2,196,000	$ 1,832,000
Unamortized debt issuance costs	$ 5,085,000		$ 5,085,000		$ 7,158,000
Revolving Credit Facility | SOFR
Line of Credit Facility [Line Items]
Variable rate			1.00%
Revolving Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Borrowing capacity	80,000,000		$ 80,000,000
Interest rate			8.50%		7.80%
Deferred finance fees	1,483,000		$ 1,483,000
Deferred finance fee amortization	62,000	$ 62,000	123,000	$ 123,000
Unamortized debt issuance costs	279,000		279,000		$ 402,000
Outstanding line of credit	$ 0		$ 0		$ 0
Revolving Credit Facility | Line of Credit | Federal Funds Rate
Line of Credit Facility [Line Items]
Variable rate			0.50%
Revolving Credit Facility | Line of Credit | SOFR
Line of Credit Facility [Line Items]
Variable rate			1.25%
Revolving Credit Facility | Line of Credit | Base Rate
Line of Credit Facility [Line Items]
Variable rate			0.25%

v3.23.2

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Financing leases	$ 2,880	$ 1,043
Total	663,159	715,355
Less: unamortized deferred finance fees	5,085	7,158
Less: current maturities	8,854	8,347
Total long-term debt	649,220	699,850
Notes Payable | Note payable - Amendment No.5 First Lien
Debt Instrument [Line Items]
Gross long-term debt	$ 660,279	$ 714,312

v3.23.2

Long-Term Debt - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Dec. 31, 2022	Aug. 18, 2021
Debt Instrument [Line Items]
Deferred finance fee amortization			$ 2,196	$ 1,832
Letters of credit outstanding	$ 400		400		$ 400
Notes Payable | Note payable - Amendment No.5 First Lien
Debt Instrument [Line Items]
Face amount						$ 726,413
Periodic repayment, percent						0.28%
Prepayment of debt			$ 50,000
Interest rate			8.50%
Notes Payable | First Lien Amendment No. 4
Debt Instrument [Line Items]
Deferred finance fee amortization	$ 789	$ 858	$ 2,073	$ 1,709

v3.23.2

Leases - Schedule of Balance Sheet Information (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Assets:
Operating lease assets	$ 40,607	$ 43,282
Operating lease, right-of-use asset, statement of financial position [Extensible Enumeration]	Total leased assets	Total leased assets
Finance lease assets	$ 2,821	$ 1,023
Finance lease, right-of-use asset, statement of financial position [Extensible Enumeration]	Total leased assets	Total leased assets
Total leased assets	$ 43,428	$ 44,305
Liabilities:
Operating, current	$ 5,248	$ 5,310
Operating lease, liability, current, statement of financial position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Financing, current	$ 787	$ 280
Finance lease, liability, current, statement of financial position [Extensible Enumeration]	Less: current maturities	Less: current maturities
Operating, noncurrent	$ 38,486	$ 40,907
Operating lease, liability, noncurrent, statement of financial position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Financing, noncurrent	$ 2,093	$ 763
Finance lease, liability, noncurrent, statement of financial position [Extensible Enumeration]	Total long-term debt	Total long-term debt
Total lease liabilities	$ 46,614	$ 47,260

v3.23.2

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Leases [Abstract]
Operating lease cost	$ 2,145	$ 2,018	$ 4,289	$ 4,005
Variable lease cost	159	80	321	165
Short-term lease cost	0	0	0	60
Amortization of right-of-use assets	182	45	306	62
Interest on lease liabilities	49	9	79	12
Total lease cost	$ 2,535	$ 2,152	$ 4,995	$ 4,304

v3.23.2

Leases - Schedule of Supplemental Cash Flow (Details)	Jul. 01, 2023	Dec. 31, 2022
Weighted Average Remaining Lease Term (in years)
Operating Leases	9 years 5 months 8 days	9 years 7 months 28 days
Finance Leases	3 years 5 months 26 days	3 years 4 months 13 days
Weighted Average Discount Rate
Operating Leases	7.10%	7.10%
Finance Leases	8.30%	6.60%

v3.23.2

Leases - Schedule of Operating Lease Maturity (Details) $ in Thousands	Jul. 01, 2023 USD ($)
Leases [Abstract]
2023	$ 4,153
2024	7,531
2025	6,668
2026	6,084
2027	5,309
Thereafter	31,864
Total future lease payments	61,609
Less: imputed interest	(17,875)
Present value of future lease payments	$ 43,734

v3.23.2

Leases - Schedule of Finance Lease Maturity (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Leases [Abstract]
2023	$ 495
2024	990
2025	990
2026	480
2027	288
Thereafter	86
Total future lease payments	3,329
Less: imputed interest	(449)
Present value of future lease payments	$ 2,880	$ 1,043

v3.23.2

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Income Tax Examination [Line Items]
Income tax provision	$ 12,354	$ 7,802	$ 21,370	$ 14,409
Income from operations	$ 49,341	$ 30,639	$ 84,339	$ 56,950
Effective income tax rate	25.00%	25.50%	25.30%	25.30%
Joint Venture
Income Tax Examination [Line Items]
Ownership percentage	45.00%		45.00%

v3.23.2

Equity Compensation - 2021 Omnibus Incentive Plan (Narrative) (Details)	Oct. 01, 2022 shares
2021 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	15,125,000

v3.23.2

Equity Compensation - Schedule of Restricted Stock Unit Activity (Details)	6 Months Ended
	Jul. 01, 2023 $ / shares shares
RSUs
Units
Unvested, beginning balance (in shares)	465,064
Granted (in shares)	593,587
Vested (in shares)	(140,238)
Forfeited (in shares)	(14,659)
Unvested, ending balance (in shares)	903,754
Weighted-Average Grant Date Fair Value
Unvested, beginning balance (in dollars per share) | $ / shares	$ 10.5
Granted (in dollars per share) | $ / shares	10.4
Vested (in dollars per share) | $ / shares	10.5
Forfeited (in dollars per share) | $ / shares	10.2
Unvested, ending balance (in dollars per share) | $ / shares	$ 10.5
RSUs | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
RSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Units
Unvested, beginning balance (in shares)	252,923
Granted (in shares)	229,091
Vested (in shares)	0
Forfeited (in shares)	0
Unvested, ending balance (in shares)	482,014
Weighted-Average Grant Date Fair Value
Unvested, beginning balance (in dollars per share) | $ / shares	$ 9.5
Granted (in dollars per share) | $ / shares	10.6
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	0
Unvested, ending balance (in dollars per share) | $ / shares	$ 10.0
Incremental shares (in shares)	252,923
Performance vesting percentage	100.00%
PSUs | Minimum
Weighted-Average Grant Date Fair Value
Performance vesting percentage	0.00%
PSUs | Maximum
Weighted-Average Grant Date Fair Value
Performance vesting percentage	200.00%

v3.23.2

Equity Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 2,338		$ 2,338
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	947	$ 679	1,584	$ 1,278
Unrecognized compensation expense	8,494		$ 8,494
Unrecognized compensation period			2 years 7 months 13 days
RSUs | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			1 year
RSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	598	138	$ 1,591	138
Unrecognized compensation expense	$ 4,391		$ 4,391
Unrecognized compensation period			1 year 11 months 15 days
Performance vesting percentage	100.00%		100.00%
Vesting period			3 years
PSUs | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance vesting percentage	0.00%		0.00%
PSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance vesting percentage	200.00%		200.00%
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 206	$ 94	$ 406	$ 94
Unrecognized compensation period			2 years 10 months 2 days
Expiration period			10 years
Stock Options | Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Vesting percentage			33.00%
Stock Options | Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Vesting percentage			25.00%

v3.23.2

Equity Compensation - Schedule of Valuation Assumptions (Details) - Stock Options	6 Months Ended
	Jul. 01, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield on the Company’s stock	0.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of option (years)	6 years
Risk-free interest rate	2.90%
Expected volatility of the Company’s stock	45.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of option (years)	6 years 3 months
Risk-free interest rate	3.70%
Expected volatility of the Company’s stock	48.00%

v3.23.2

Equity Compensation - Schedule of Stock Option Activity (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jul. 01, 2023	Dec. 31, 2022
Stock Options
Unvested, beginning balance outstanding (in shares)	700,729
Granted (in shares)	18,796
Exercised (in shares)	0
Vested (in shares)	(175,175)
Forfeited (in shares)	0
Unvested, ending balance outstanding (in shares)	544,350	700,729
Vested not exercised (in shares)	175,175
Weighted-Average Grant Date Fair Value
Unvested, beginning balance outstanding (in dollars per share)	$ 4.5
Granted (in dollars per share)	5.3
Exercised (in dollars per share)	0
Vested (in dollars per share)	4.5
Forfeited (in dollars per share)	0
Unvested, ending balance outstanding (in dollars per share)	4.5	$ 4.5
Vested not exercised (in dollars per share)	$ 4.5
Weighted Average Remaining Contractual Life (in years)	8 years 10 months 24 days	9 years 9 months 18 days
Weighted average remaining contractual life, granted (in years)	9 years 8 months 12 days
Weighted average remaining contractual life, vested (in years)	8 years 8 months 12 days
Weighted average remaining contractual life, vested not exercised (in years)	8 years 8 months 12 days
Granted Intrinsic value	$ 0.1
Vested Intrinsic value	1.2
Intrinsic value	0	$ 0.2
Vested not exercised, intrinsic value	$ 1.2

v3.23.2

Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Earnings Per Share [Abstract]
Net income attributable to common stockholders, basic	$ 36,987	$ 22,837	$ 62,969	$ 42,541
Net income attributable to common stockholders, diluted	$ 36,987	$ 22,837	$ 62,969	$ 42,541
Weighted average number of shares:
Basic (in shares)	146,765,631	146,575,720	146,734,762	146,568,719
Adjustment for dilutive securities (in shares)	6,526	142,217	27,267	79,587
Diluted (in shares)	146,772,157	146,717,937	146,762,029	146,648,306
Basic net income per share attributable to common stockholders (in dollars per share)	$ 0.25	$ 0.16	$ 0.43	$ 0.29
Diluted net income per share attributable to common stockholders (in dollars per share)	$ 0.25	$ 0.16	$ 0.43	$ 0.29

v3.23.2

Revenue Recognition - Schedule of Contract Balances (Details) - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Costs in excess of billings	$ 17,600	$ 17,008
Unbilled receivables	32,571	22,243
Contract assets	50,171	39,251
Billing in excess of costs	$ 18,840	$ 21,445

v3.23.2

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue recognized	$ 6,642		$ 18,590
Unsatisfied performance obligations	7,171		7,171		$ 15,985
Nokē Smart Entry System
Disaggregation of Revenue [Line Items]
Revenue recognized	$ 774	$ 316	$ 1,208	$ 611

v3.23.2

Revenue Recognition - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 270,611	$ 247,714	$ 522,516	$ 477,234
Product revenues
Disaggregation of Revenue [Line Items]
Revenue	232,831	219,022	448,239	420,849
Service revenues
Disaggregation of Revenue [Line Items]
Revenue	37,780	28,692	74,277	56,385
Operating Segments | Janus North America
Disaggregation of Revenue [Line Items]
Revenue	261,309	241,462	499,523	466,719
Operating Segments | Janus North America | Self Storage-New Construction
Disaggregation of Revenue [Line Items]
Revenue	88,599	70,650	156,842	146,359
Operating Segments | Janus North America | Self Storage-R3
Disaggregation of Revenue [Line Items]
Revenue	78,022	69,431	160,275	131,003
Operating Segments | Janus North America | Commercial and Others
Disaggregation of Revenue [Line Items]
Revenue	94,688	101,381	182,406	189,357
Operating Segments | Janus North America | Product revenues transferred at a point in time | Product revenues
Disaggregation of Revenue [Line Items]
Revenue	204,548	195,943	381,847	372,843
Operating Segments | Janus North America | Service revenues transferred over time | Product revenues
Disaggregation of Revenue [Line Items]
Revenue	27,700	24,975	60,584	52,754
Operating Segments | Janus North America | Service revenues transferred over time | Service revenues
Disaggregation of Revenue [Line Items]
Revenue	29,061	20,544	57,092	41,122
Operating Segments | Janus International
Disaggregation of Revenue [Line Items]
Revenue	21,209	20,324	42,781	38,238
Operating Segments | Janus International | Self Storage-New Construction
Disaggregation of Revenue [Line Items]
Revenue	18,529	14,884	37,067	26,782
Operating Segments | Janus International | Self Storage-R3
Disaggregation of Revenue [Line Items]
Revenue	2,680	5,440	5,714	11,456
Operating Segments | Janus International | Product revenues transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenue	12,038	12,176	25,143	22,975
Operating Segments | Janus International | Service revenues transferred over time
Disaggregation of Revenue [Line Items]
Revenue	9,171	8,148	17,638	15,263
Eliminations
Disaggregation of Revenue [Line Items]
Revenue	$ (11,907)	$ (14,072)	$ (19,788)	$ (27,723)

v3.23.2

Segments Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023 USD ($)	Jul. 02, 2022 USD ($)	Jul. 01, 2023 USD ($) segment	Jul. 02, 2022 USD ($)	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			2
Revenue	$ 270,611	$ 247,714	$ 522,516	$ 477,234
Income From Operations	64,283	39,849	115,296	74,962
Depreciation Expense	2,189	1,978	4,369	3,835
Amortization of Intangible Assets	7,421	7,646	14,837	14,871
Capital Expenditures	3,532	2,388	9,602	5,268
Identifiable Assets	1,288,129		1,288,129		$ 1,270,618
Janus North America
Segment Reporting Information [Line Items]
Depreciation Expense	1,967	1,791	3,921	3,464
Amortization of Intangible Assets	7,105	7,324	14,210	14,210
Capital Expenditures	3,170	2,121	8,315	4,673
Identifiable Assets	1,223,137		1,223,137		1,209,905
Janus International
Segment Reporting Information [Line Items]
Depreciation Expense	222	187	448	371
Amortization of Intangible Assets	316	322	627	661
Capital Expenditures	362	267	1,287	595
Identifiable Assets	64,992		64,992		$ 60,713
Operating Segments | Janus North America
Segment Reporting Information [Line Items]
Revenue	261,309	241,462	499,523	466,719
Income From Operations	61,541	38,173	110,419	73,028
Operating Segments | Janus International
Segment Reporting Information [Line Items]
Revenue	21,209	20,324	42,781	38,238
Income From Operations	2,842	1,702	5,121	1,949
Eliminations
Segment Reporting Information [Line Items]
Revenue	(11,907)	(14,072)	(19,788)	(27,723)
Income From Operations	$ (100)	$ (26)	$ (244)	$ (15)

v3.23.2

Restructuring - Schedule of Restructuring Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Restructuring Cost and Reserve [Line Items]
Total Restructuring Charges	$ 236	$ 1,017	$ 826	$ 1,120
Severance and termination benefits
Restructuring Cost and Reserve [Line Items]
Total Restructuring Charges	51	250	145	250
Facility related charges
Restructuring Cost and Reserve [Line Items]
Total Restructuring Charges	37	517	37	620
Legal, consulting, and other professional fees
Restructuring Cost and Reserve [Line Items]
Total Restructuring Charges	$ 148	$ 250	$ 644	$ 250

v3.23.2

Restructuring - Schedule of Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			$ 0
Restructuring charges	$ 236	$ 1,017	826	$ 1,120
Payments			(826)
Restructuring reserve, ending balance	$ 0		$ 0

v3.23.2

Commitments and Contingencies (Details) - Insurance Claims - USD ($) $ in Thousands	Jul. 01, 2023	Dec. 31, 2022
Workers' Compensation Insurance Program
Loss Contingencies [Line Items]
Claims in excess	$ 200	$ 200
Estimate of possible loss	394	409
Health Insurance Program
Loss Contingencies [Line Items]
Claims in excess	275
Estimate of possible loss	$ 2,212	$ 2,099

v3.23.2

Related Party Transactions (Details) - USD ($)	6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Related Party Transactions [Abstract]
Related party transactions	$ 0	$ 0

v3.23.2

Subsequent Events (Details) - USD ($)		6 Months Ended
	Jul. 14, 2023	Jul. 01, 2023	Aug. 03, 2023	Aug. 18, 2021
Notes Payable | Note payable - Amendment No.5 First Lien
Subsequent Event [Line Items]
Prepayment of debt		$ 50,000,000
Face amount				$ 726,413,000
Periodic repayment, percent				0.28%
Line of Credit | Revolving Credit Facility
Subsequent Event [Line Items]
Borrowing capacity		$ 80,000,000
Subsequent Event | Notes Payable | Note payable - Amendment No.5 First Lien
Subsequent Event [Line Items]
Prepayment of debt	$ 35,000,000
Subsequent Event | Notes Payable | Note Payable, Amendment Number 6 First Lien
Subsequent Event [Line Items]
Face amount			$ 625,000,000
Periodic repayment, percent			0.25%
Subsequent Event | Line of Credit | Revolving Credit Facility
Subsequent Event [Line Items]
Borrowing capacity			$ 125,000,000

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