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Revenue | 6 Months Ended
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Jun. 28, 2025
Revenue from Contract with Customer [Abstract] |
Revenue | NOTE 9. Revenue The following table represents a disaggregation of revenue by timing of revenue:
| Three Months Ended |  |  | Six Months Ended |
| June 28, |  |  | June 29, |  |  | June 28, |  |  | June 29, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
| (in thousands) |
Point-in-time | $ | 237,414 |  |  | $ | 227,733 |  |  | $ | 486,693 |  |  | $ | 441,582 |
Over-time |  | 16,183 |  |  |  | 14,594 |  |  |  | 33,511 |  |  |  | 29,590 |
Total revenue | $ | 253,597 |  |  | $ | 242,327 |  |  | $ | 520,204 |  |  | $ | 471,172 |
See Note 15 for additional discussion of the Company’s disaggregated revenue in detail. Contract Assets and Contract Liabilities Contract assets consist of amounts we have not invoiced but have completed the related performance obligation. These amounts generally arise from variances between the contractual payment terms and the transaction price assigned to the open performance obligations (e.g., we have recognized revenue in an amount greater than the amount that is billable under the contract). The contract assets amounts are recorded in “Accounts receivable” in the Condensed Consolidated Balance Sheets. As of June 28, 2025 and December 28, 2024, the Company had contract assets of $5.2 million and $10.1 million, respectively. The Company records contract liabilities when the customer has been billed in advance of the Company completing its performance obligations primarily with respect to liabilities related to service contracts and installation. For contracts that have a duration of one year or less, these amounts are recorded as “Deferred revenue” in the Condensed Consolidated Balance Sheets. For contracts with a duration longer than one year, these amounts are recorded in “Other non-current liabilities” in the Condensed Consolidated Balance Sheets. As of June 28, 2025 and December 28, 2024, the Company carried a long-term deferred revenue balance of $4.5 million and $4.0 million, respectively. Changes in deferred revenue were as follows:
| Three Months Ended |  |  | Six Months Ended |
| June 28, |  |  | June 29, |  |  | June 28, |  |  | June 29, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
| (in thousands) |
Balance, beginning of the period | $ | 43,599 |  |  | $ | 28,879 |  |  | $ | 37,836 |  |  | $ | 27,225 |
Deferral of revenue |  | 22,635 |  |  |  | 17,373 |  |  |  | 51,616 |  |  |  | 34,675 |
Recognition of current year deferred revenue |  | (14,956 | ) |  |  | (10,718 | ) |  |  | (29,187 | ) |  |  | (20,243 | )
Recognition of prior period deferred revenue |  | (7,733 | ) |  |  | (4,253 | ) |  |  | (16,720 | ) |  |  | (10,376 | )
Balance, end of the period | $ | 43,545 |  |  | $ | 31,281 |  |  | $ | 43,545 |  |  | $ | 31,281 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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