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Revenue Recognition (Tables)

6 Months Ended

Jun. 29, 2024

Revenue from Contract with Customer [Abstract]

Summary of Activity of Deferred Revenue and Customer Advances

The following is a summary of the activity of the Company’s deferred revenue and customer advances for the six months ended June 29, 2024 and July 1, 2023 (in thousands):

		June 29, 2024				July 1, 2023
Balance at the beginning of the period		$	323,516			$	285,175
Recognition of revenue included in balance at beginning of the period			(192,050	)			(176,508	)
Revenue deferred during the period, net of revenue recognized			251,599				284,863
Balance at the end of the period		$	383,065			$	393,530

Schedule of Amount of Deferred Revenue and Customer Advances

The amount of deferred revenue and customer advances equals the transaction price allocated to unfulfilled performance obligations for the period presented. Such amounts are expected to be recognized in the future as follows (in thousands):

		June 29, 2024
Deferred revenue and customer advances expected to be recognized in:
One year or less		$	316,933
13-24 months			41,395
25 months and beyond			24,737
Total		$	383,065

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

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X

- References

No definition available.

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X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

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