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Revenue
 3 Months Ended
Apr. 02, 2022
Revenue From Contract With Customer [Abstract]  
Revenue

4.

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

 

 

April 2,

 

 

April 3,

 

 

2022

 

 

2021

 

Digital Subscription Revenues

$

191,482

 

 

$

206,062

 

Workshops + Digital Fees

 

65,503

 

 

 

73,758

 

Subscription Revenues, net

$

256,985

 

 

$

279,820

 

Product sales and other, net

 

40,776

 

 

 

51,976

 

Revenues, net

$

297,761

 

 

$

331,796

 

 

 

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

 

 

Three Months Ended April 2, 2022

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

125,319

 

 

$

53,475

 

 

$

7,805

 

 

$

4,883

 

 

$

191,482

 

Workshops + Digital Fees

 

50,980

 

 

 

8,222

 

 

 

4,422

 

 

 

1,879

 

 

 

65,503

 

Subscription Revenues, net

$

176,299

 

 

$

61,697

 

 

$

12,227

 

 

$

6,762

 

 

$

256,985

 

Product sales and other, net

 

28,014

 

 

 

9,205

 

 

 

2,212

 

 

 

1,345

 

 

 

40,776

 

Revenues, net

$

204,313

 

 

$

70,902

 

 

$

14,439

 

 

$

8,107

 

 

$

297,761

 

 

 

Three Months Ended April 3, 2021

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

132,090

 

 

$

58,915

 

 

$

9,809

 

 

$

5,248

 

 

$

206,062

 

Workshops + Digital Fees

 

54,904

 

 

 

10,940

 

 

 

5,169

 

 

 

2,745

 

 

 

73,758

 

Subscription Revenues, net

$

186,994

 

 

$

69,855

 

 

$

14,978

 

 

$

7,993

 

 

$

279,820

 

Product sales and other, net

 

34,321

 

 

 

12,041

 

 

 

4,089

 

 

 

1,525

 

 

 

51,976

 

Revenues, net

$

221,315

 

 

$

81,896

 

 

$

19,067

 

 

$

9,518

 

 

$

331,796

 

 

Information about Contract Balances

For Subscription Revenues, the Company can collect 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 were as follows:

 

 

 

Deferred

 

 

Deferred

 

 

 

Revenue

 

 

Revenue-Long Term

 

Balance as of January 1, 2022

 

$

45,855

 

 

$

28

 

Net increase during the period

 

 

3,136

 

 

 

21

 

Balance as of April 2, 2022

 

$

48,991

 

 

$

49

 

 

 

 

 

 

 

 

 

 

Balance as of January 2, 2021

 

$

50,475

 

 

$

44

 

Net decrease during the period

 

 

(459

)

 

 

(18

)

Balance as of April 3, 2021

 

$

50,016

 

 

$

26

 

Revenue recognized from amounts included in current deferred revenue as of January 1, 2022 was $41,393 for the three months ended April 2, 2022. Revenue recognized from amounts included in current deferred revenue as of January 2, 2021 was $45,275 for the three months ended April 3, 2021. The Company’s long-term deferred revenue, which is included in other liabilities on the Company’s consolidated balance sheet, represents 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.