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 allowances12,127 8,436 
Accrued customer reimbursements(2)
3,829 5,739 
     Total deferred revenue and other contract liabilities49,177 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 combinations9,778 
  Revenue deferred during the period27,385 
  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