XML 116 R43.htm IDEA: XBRL DOCUMENT
v3.20.4

Deferred Revenue and Other Contract Liabilities - (Tables) | 12 Months Ended
--- | ---
Jan. 02, 2021
Revenue Recognition and Deferred Revenue [Abstract] |
Deferred Revenue, by Arrangement, Disclosure | Deferred revenue and other contract liabilities consist of the following (in thousands):
| January 2, 2021 |  | December 28, 2019
Deferred revenue(1) | $ | 33,221 |  |  | $ | 13,998 |
Accrued rebates and allowances | 12,127 |  |  | 8,436 |
Accrued customer reimbursements(2) | 3,829 |  |  | 5,739 |
Total deferred revenue and other contract liabilities | 49,177 |  |  | 28,173 |
Less: Non-current portion of deferred revenue | (4,242) |  |  | (2,234) |
Deferred revenue and other contract liabilities - current | $ | 44,935 |  |  | $ | 25,939 |
______________ (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” in Note 2 to these 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” in Note 2 to these consolidated financial statements for additional information related to the Company’s adoption of ASC 842.
Schedule of Deferred Revenue | Changes in deferred revenue for the year ended January 2, 2021 were as follows:
| Amount
Deferred revenue, beginning of the period | $ | 13,998 |
Increase from business combinations | 9,778 |
Revenue deferred during the period | 27,385 |
Recognition of revenue deferred in prior periods | (17,940) |
Deferred revenue, end of the period | $ | 33,221 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block] | The following table summarizes the Company’s estimated Unrecognized Contract Revenue as of January 2, 2021 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 | $ | 231,982 |  |  | $ | 370,779 |  |  | $ | 176,835 |  |  | $ | 44,862 |  |  | $ | 824,458 |

X
- Definition Schedule of Deferred Revenue [Table Text Block] + References No definition available. + Details
Name: | masi_ScheduleofDeferredRevenueTableTextBlock
Namespace Prefix: | masi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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=121566466&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

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration