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Deferred Revenue and Other Contract Liabilities Deferred Revenue and Other Contract Liabilities (Tables) | 6 Months Ended
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Jun. 29, 2019
Revenue Recognition and Deferred Revenue [Abstract] |
Deferred Revenue, by Arrangement, Disclosure | Deferred revenue and other contract liabilities consist of the following (in thousands):
| June 29, 2019 |  | December 29, 2018
Deferred revenue(1) | $ | 13,825 |  |  | $ | 10,883 |
Accrued rebates and incentives | 7,054 |  |  | 6,282 |
Accrued customer reimbursements(2) | 4,515 |  |  | 16,194 |
Other contract-related liabilities | 606 |  |  | 432 |
Total deferred revenue and other contract-related liabilities | 26,000 |  |  | 33,791 |
Less: Non-current portion of deferred revenue | (126 | ) |  | (685 | )
Deferred revenue and other contract-related liabilities - current | $ | 25,874 |  |  | $ | 33,106 |
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(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 six months ended June 29, 2019 were as follows:
| Six Months Ended June 29, 2019
Deferred revenue, beginning of the period | $ | 10,883 |
Revenue deferred during the period | 5,780 |
Recognition of revenue deferred in prior periods | (2,838 | )
Deferred revenue, end of the period | $ | 13,825 |
The following table summarizes the Company’s estimated Unrecognized Contract Revenue as of June 29, 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 | $ | 211,727 |  |  | $ | 278,572 |  |  | $ | 121,698 |  |  | $ | 27,316 |  |  | $ | 639,313 |

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- Definition Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6935-107765 + Details
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- References No definition available. + Details
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