XML 62 R41.htm IDEA: XBRL DOCUMENT
v3.19.3

Deferred Revenue and Other Contract Liabilities Deferred Revenue and Other Contract Liabilities (Tables) | 9 Months Ended
--- | ---
Sep. 28, 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 September 28, 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 | $ | 204,696 |  |  | $ | 302,540 |  |  | $ | 143,841 |  |  | $ | 37,259 |  |  | $ | 688,336 |
Deferred revenue and other contract liabilities consist of the following (in thousands):
| September 28, 2019 |  | December 29, 2018
Deferred revenue(1) | $ | 14,861 |  |  | $ | 10,883 |
Accrued rebates and allowances | 6,845 |  |  | 6,282 |
Accrued customer reimbursements(2) | 3,509 |  |  | 16,194 |
Other contract-related liabilities | 1,979 |  |  | 432 |
Total deferred revenue and other contract-related liabilities | 27,194 |  |  | 33,791 |
Less: Non-current portion of deferred revenue | (2,174 | ) |  | (1,737 | )
Deferred revenue and other contract-related liabilities - current | $ | 25,020 |  |  | $ | 32,054 |
______________
(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 for 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 nine months ended September 28, 2019 were as follows:
| Nine Months Ended September 28, 2019
Deferred revenue, beginning of the period | $ | 10,883 |
Revenue deferred during the period | 9,249 |
Recognition of revenue deferred in prior periods | (5,271 | )
Deferred revenue, end of the period | $ | 14,861 |

X
- 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
Name: | us-gaap_DeferredRevenueByArrangementDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueRecognitionAndDeferredRevenueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration