What does 1 Kings 12:16 mean?

When all Israel saw that the king wouldn’t listen, they said, Why should we stick with David’s family? We have no share in Jesse’s son. Everyone go home! David’s family can look after themselves. So the Israelites went home. 1 Kings 12:16 - Modern Text Bible

(The people reject Rehoboam’s rule, deciding they have no reason to stay loyal to David’s line, and they go back to their own homes.)