XML 21 R11.htm IDEA: XBRL DOCUMENT v3.22.2
Revenue
 6 Months Ended
Jul. 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

 

 

Six Months Ended

 

 

July 2,

 

 

July 3,

 

 

July 2,

 

 

July 3,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Digital Subscription Revenues

$

174,219

 

 

$

205,337

 

 

$

365,701

 

 

$

411,398

 

Workshops + Digital Fees

 

66,172

 

 

 

67,534

 

 

 

131,675

 

 

 

141,293

 

Subscription Revenues, net

$

240,391

 

 

$

272,871

 

 

$

497,376

 

 

$

552,691

 

Product sales and other, net

 

29,063

 

 

 

38,508

 

 

 

69,838

 

 

 

90,484

 

Revenues, net

$

269,454

 

 

$

311,379

 

 

$

567,214

 

 

$

643,175

 

 

 

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

 

 

Three Months Ended July 2, 2022

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

114,435

 

 

$

48,807

 

 

$

6,608

 

 

$

4,369

 

 

$

174,219

 

Workshops + Digital Fees

 

52,464

 

 

 

7,791

 

 

 

4,296

 

 

 

1,621

 

 

 

66,172

 

Subscription Revenues, net

$

166,899

 

 

$

56,598

 

 

$

10,904

 

 

$

5,990

 

 

$

240,391

 

Product sales and other, net

 

21,115

 

 

 

5,145

 

 

 

1,853

 

 

 

950

 

 

 

29,063

 

Revenues, net

$

188,014

 

 

$

61,743

 

 

$

12,757

 

 

$

6,940

 

 

$

269,454

 

 

 

Three Months Ended July 3, 2021

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

130,255

 

 

$

60,602

 

 

$

9,594

 

 

$

4,886

 

 

$

205,337

 

Workshops + Digital Fees

 

51,699

 

 

 

8,732

 

 

 

4,606

 

 

 

2,497

 

 

 

67,534

 

Subscription Revenues, net

$

181,954

 

 

$

69,334

 

 

$

14,200

 

 

$

7,383

 

 

$

272,871

 

Product sales and other, net

 

25,675

 

 

 

8,602

 

 

 

2,802

 

 

 

1,429

 

 

 

38,508

 

Revenues, net

$

207,629

 

 

$

77,936

 

 

$

17,002

 

 

$

8,812

 

 

$

311,379

 

 

 

Six Months Ended July 2, 2022

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

239,754

 

 

$

102,282

 

 

$

14,413

 

 

$

9,252

 

 

$

365,701

 

Workshops + Digital Fees

 

103,444

 

 

 

16,013

 

 

 

8,718

 

 

 

3,500

 

 

 

131,675

 

Subscription Revenues, net

$

343,198

 

 

$

118,295

 

 

$

23,131

 

 

$

12,752

 

 

$

497,376

 

Product sales and other, net

 

49,129

 

 

 

14,349

 

 

 

4,065

 

 

 

2,295

 

 

 

69,838

 

Revenues, net

$

392,327

 

 

$

132,644

 

 

$

27,196

 

 

$

15,047

 

 

$

567,214

 

 

 

Six Months Ended July 3, 2021

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

262,345

 

 

$

119,515

 

 

$

19,404

 

 

$

10,134

 

 

$

411,398

 

Workshops + Digital Fees

 

106,604

 

 

 

19,671

 

 

 

9,776

 

 

 

5,242

 

 

 

141,293

 

Subscription Revenues, net

$

368,949

 

 

$

139,186

 

 

$

29,180

 

 

$

15,376

 

 

$

552,691

 

Product sales and other, net

 

59,996

 

 

 

20,645

 

 

 

6,890

 

 

 

2,953

 

 

 

90,484

 

Revenues, net

$

428,945

 

 

$

159,831

 

 

$

36,070

 

 

$

18,329

 

 

$

643,175

 

 

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

 

 

1,782

 

 

 

28

 

Balance as of July 2, 2022

 

$

47,637

 

 

$

56

 

 

 

 

 

 

 

 

 

 

Balance as of January 2, 2021

 

$

50,475

 

 

$

44

 

Net increase (decrease) during the period

 

 

960

 

 

 

(28

)

Balance as of July 3, 2021

 

$

51,435

 

 

$

16

 

Revenue recognized from amounts included in current deferred revenue as of January 1, 2022 was $43,372 for the six months ended July 2, 2022. Revenue recognized from amounts included in current deferred revenue as of January 2, 2021 was $48,227 for the six months ended July 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.