Deferred Revenue and Other Contract Liabilities Deferred Revenue and Other Contract Liabilities (Tables)

3 Months Ended

Mar. 28, 2020

Revenue Recognition and Deferred Revenue [Abstract]

Contract with Customer, Asset and Liability

The following table summarizes the Company’s estimated Unrecognized Contract Revenue as of March 28, 2020 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	$	212,273	$	344,630	$	173,384	$	46,381	$	776,668

Deferred revenue and other contract liabilities consist of the following (in thousands):



	March 28, 2020			December 28, 2019
Deferred revenue	$	24,360		$	13,998
Accrued rebates and allowances	7,771			8,436
Accrued customer reimbursements	4,830			5,739
Total deferred revenue and other contract liabilities	36,961			28,173
Less: Non-current portion of deferred revenue	(2,483		)	(2,234		)
Deferred revenue and other contract liabilities - current	$	34,478		$	25,939

Changes in deferred revenue were as follows (in thousands):



	Three Months Ended March 28, 2020
Deferred revenue, beginning of the period	$	13,998
Increase from business combination⁽¹⁾	9,464
Revenue deferred during the period	4,085
Recognition of revenue deferred in prior periods	(3,187		)
Deferred revenue, end of the period	$	24,360

______________

⁽¹⁾

During the three months ended March 28, 2020, the Company completed a business combination. Based on the Company’s preliminary purchase price allocation, approximately $9.5 million of the purchase price has been assigned to deferred revenue.