XML 24 R12.htm IDEA: XBRL DOCUMENT v3.20.2
Revenue
 6 Months Ended
Jun. 27, 2020
Revenue From Contract With Customer [Abstract]  
Revenue

 


5.

Revenue  

Revenues are recognized when control of the promised services or goods is transferred to the Company’s customers, in an amount that reflects the consideration it expects to be entitled to in exchange for those services or goods.

The following table presents the Company’s revenues disaggregated by revenue source:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 27,

 

 

June 29,

 

 

June 27,

 

 

June 29,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Digital Subscription Revenues

$

177,921

 

 

$

156,969

 

 

$

352,466

 

 

$

305,824

 

Studio + Digital Fees

 

115,076

 

 

 

156,799

 

 

 

265,188

 

 

 

314,670

 

Service Revenues, net

$

292,997

 

 

$

313,768

 

 

$

617,654

 

 

$

620,494

 

Product sales and other, net

 

40,640

 

 

 

55,255

 

 

 

116,344

 

 

 

111,694

 

Revenues, net

$

333,637

 

 

$

369,023

 

 

$

733,998

 

 

$

732,188

 

 

The following tables present the Company’s revenues disaggregated by revenue source and segment:

 

 

Three Months Ended June 27, 2020

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

115,922

 

 

$

50,704

 

 

$

7,571

 

 

$

3,724

 

 

$

177,921

 

Studio + Digital Fees

 

86,131

 

 

 

17,858

 

 

 

8,001

 

 

 

3,086

 

 

 

115,076

 

Service Revenues, net

$

202,053

 

 

$

68,562

 

 

$

15,572

 

 

$

6,810

 

 

$

292,997

 

Product sales and other, net

 

25,472

 

 

 

9,257

 

 

 

4,165

 

 

 

1,746

 

 

 

40,640

 

Revenues, net

$

227,525

 

 

$

77,819

 

 

$

19,737

 

 

$

8,556

 

 

$

333,637

 

 

 

Three Months Ended June 29, 2019

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

102,851

 

 

$

43,586

 

 

$

6,993

 

 

$

3,539

 

 

$

156,969

 

Studio + Digital Fees

 

116,958

 

 

 

23,681

 

 

 

11,498

 

 

 

4,662

 

 

 

156,799

 

Service Revenues, net

$

219,809

 

 

$

67,267

 

 

$

18,491

 

 

$

8,201

 

 

$

313,768

 

Product sales and other, net

 

35,835

 

 

 

10,062

 

 

 

6,034

 

 

 

3,324

 

 

 

55,255

 

Revenues, net

$

255,644

 

 

$

77,329

 

 

$

24,525

 

 

$

11,525

 

 

$

369,023

 

 

 

Six Months Ended June 27, 2020

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

232,272

 

 

$

97,341

 

 

$

15,147

 

 

$

7,706

 

 

$

352,466

 

Studio + Digital Fees

 

198,974

 

 

 

39,377

 

 

 

19,130

 

 

 

7,707

 

 

 

265,188

 

Service Revenues, net

$

431,246

 

 

$

136,718

 

 

$

34,277

 

 

$

15,413

 

 

$

617,654

 

Product sales and other, net

 

79,986

 

 

 

21,091

 

 

 

10,488

 

 

 

4,779

 

 

 

116,344

 

Revenues, net

$

511,232

 

 

$

157,809

 

 

$

44,765

 

 

$

20,192

 

 

$

733,998

 

 

 

Six Months Ended June 29, 2019

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

201,611

 

 

$

83,769

 

 

$

13,411

 

 

$

7,033

 

 

$

305,824

 

Studio + Digital Fees

 

234,557

 

 

 

47,630

 

 

 

22,761

 

 

 

9,722

 

 

 

314,670

 

Service Revenues, net

$

436,168

 

 

$

131,399

 

 

$

36,172

 

 

$

16,755

 

 

$

620,494

 

Product sales and other, net

 

69,488

 

 

 

22,087

 

 

 

12,964

 

 

 

7,155

 

 

 

111,694

 

Revenues, net

$

505,656

 

 

$

153,486

 

 

$

49,136

 

 

$

23,910

 

 

$

732,188

 

 

Information about Contract Balances

For Service Revenues, the Company typically collects payment in advance of providing services. Any amounts collected in advance of services being provided are recorded in deferred revenue. In the case where amounts are not collected, but the service has been provided and the revenue has been recognized, the amounts are recorded in accounts receivable. The opening and ending balances of the Company’s deferred revenues are as follows:

 

 

 

Deferred

 

 

Deferred

 

 

 

Revenue

 

 

Revenue-Long Term

 

Balance as of December 28, 2019

 

$

60,613

 

 

$

54

 

Net (decrease) increase during the period

 

 

(9,667

)

 

 

20

 

Balance as of June 27, 2020

 

$

50,946

 

 

$

74

 

 

Revenue recognized from amounts included in current deferred revenue as of December 28, 2019 was $55,479 for the six months ended June 27, 2020. The Company’s long-term deferred revenue, which is included in other liabilities on the Company’s consolidated balance sheet, had a balance of $74 and $54 at June 27, 2020 and December 28, 2019, respectively, for revenue that will not be recognized during the next fiscal year and is generally related to upfront payments received as an inducement for entering into certain sales-based royalty agreements with third party licensees. This revenue is amortized on a straight-line basis over the term of the applicable agreement.