XML 45 R35.htm IDEA: XBRL DOCUMENT v3.23.2
REVENUE AND CONTRACT BALANCES (Tables)
9 Months Ended
Jul. 01, 2023
Revenue from Contract with Customer [Abstract]  
Contract Assets and Liabilities
The following table shows the changes in contract asset balances during the three and nine months ended July 1, 2023 and July 2, 2022:
Three months endedNine months ended
(in thousands)July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Contract assets, beginning of period$29,210 $26,721 $26,317 $— 
Additions1,337 18,563 4,230 45,284 
Transferred to accounts receivable or collected(20,365)— (20,365)— 
Contract assets, end of period$10,182 $45,284 $10,182 $45,284 
The following table shows the changes in contract liability balances during the three and nine months ended July 1, 2023 and July 2, 2022:
Three months endedNine months ended
(in thousands)July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Contract liabilities, beginning of period$6,556 $17,300 $3,160 $15,596 
Revenue recognized(12,404)(29,612)(28,950)(104,796)
Additions11,832 17,996 31,774 94,884 
Contract liabilities, end of period$5,984 $5,684 $5,984 $5,684