Deferred Revenue and Customer Advances

3 Months Ended

Apr. 02, 2017

H. DEFERRED REVENUE AND CUSTOMER ADVANCES

Deferred revenue and customer advances consist of the following and are included in short and long-term deferred revenue and customer advances on the balance sheet:


	April 2,		December 31,
	2017		2016
	(in thousands)
Extended warranty	$	44,053	$	46,753
Equipment maintenance and training		41,995		39,037
Customer advances, undelivered elements and other		18,729		22,151

Total deferred revenue and customer advances	$	104,777	$	107,941

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References + Details