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Deferred Revenue and Other Contract Liabilities Deferred Revenue and Other Contract Liabilities (Tables)
 3 Months Ended
Mar. 30, 2019
Revenue Recognition and Deferred Revenue [Abstract]  
Deferred Revenue, by Arrangement, Disclosure
The following table summarizes the Company’s estimated Unrecognized Contract Revenue as of March 30, 2019 and the future periods within which the Company expects to recognize such revenue.
 
Expected Future Revenue By Period
(in thousands)
 
Less than
1 year
 
 Between
1-3 years
 
 Between
 3-5 years
 
More than
5 years
 
Total
Unrecognized Contract Revenue
$
192,795

 
$
274,663

 
$
120,599

 
$
26,109

 
$
614,166

Deferred revenue and other contract liabilities consist of the following (in thousands):
 
March 30,
2019
 
December 29,
2018
Deferred revenue(1)
$
10,960

 
$
10,883

Accrued rebates and incentives
6,411

 
6,282

Accrued customer reimbursements(2)
4,951

 
16,194

Other contract-related liabilities
490

 
432

     Total deferred revenue and other contract-related liabilities
22,812

 
33,791

Less: Non-current portion of deferred revenue
(135
)
 
(685
)
     Deferred revenue and other contract-related liabilities - current
$
22,677

 
$
33,106


______________
(1)
In connection with its adoption of ASC 842 on December 30, 2018, the Company recorded a reduction to deferred revenue of approximately $1.1 million due to the acceleration of revenue as a result of the reclassification of certain embedded leases within the Company’s deferred equipment agreements with its customers from operating to sales-type leases. See “Recently Adopted Accounting Pronouncements” to these condensed consolidated financial statements for additional information related to the Company’s adoption of ASC 842.
(2)
In connection with its adoption of ASC 842 on December 30, 2018, the Company recorded a reduction to accrued customer reimbursements of approximately $12.3 million related to the derecognition of liabilities and leased equipment assets related to certain OEM equipment reimbursements. See “Recently Adopted Accounting Pronouncements” to these condensed consolidated financial statements for additional information related to the Company’s adoption of ASC 842.
Changes in deferred revenue for the three months ended March 30, 2019 were as follows:
 
Three Months Ended 
 March 30, 2019
Deferred revenue, beginning of the period
$
10,883

  Revenue deferred during the period
1,573

  Recognition of revenue deferred in prior periods
(1,496
)
     Deferred revenue, end of the period
$
10,960