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Revenue
 9 Months Ended
Oct. 01, 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

 

 

Nine Months Ended

 

 

October 1,

 

 

October 2,

 

 

October 1,

 

 

October 2,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Digital Subscription Revenues

$

155,881

 

 

$

195,288

 

 

$

521,582

 

 

$

606,687

 

Workshops + Digital Fees

 

64,865

 

 

 

67,113

 

 

 

196,540

 

 

 

208,405

 

Subscription Revenues, net

$

220,746

 

 

$

262,401

 

 

$

718,122

 

 

$

815,092

 

Product sales and other, net

 

28,972

 

 

 

31,096

 

 

 

98,810

 

 

 

121,580

 

Revenues, net

$

249,718

 

 

$

293,497

 

 

$

816,932

 

 

$

936,672

 

 

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

 

 

Three Months Ended October 1, 2022

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

102,735

 

 

$

43,638

 

 

$

5,693

 

 

$

3,815

 

 

$

155,881

 

Workshops + Digital Fees

 

52,113

 

 

 

7,586

 

 

 

3,764

 

 

 

1,402

 

 

 

64,865

 

Subscription Revenues, net

$

154,848

 

 

$

51,224

 

 

$

9,457

 

 

$

5,217

 

 

$

220,746

 

Product sales and other, net

 

21,234

 

 

 

5,272

 

 

 

1,441

 

 

 

1,025

 

 

 

28,972

 

Revenues, net

$

176,082

 

 

$

56,496

 

 

$

10,898

 

 

$

6,242

 

 

$

249,718

 

 

 

Three Months Ended October 2, 2021

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

125,077

 

 

$

56,542

 

 

$

9,007

 

 

$

4,662

 

 

$

195,288

 

Workshops + Digital Fees

 

51,661

 

 

 

8,727

 

 

 

4,528

 

 

 

2,197

 

 

 

67,113

 

Subscription Revenues, net

$

176,738

 

 

$

65,269

 

 

$

13,535

 

 

$

6,859

 

 

$

262,401

 

Product sales and other, net

 

21,059

 

 

 

6,664

 

 

 

2,131

 

 

 

1,242

 

 

 

31,096

 

Revenues, net

$

197,797

 

 

$

71,933

 

 

$

15,666

 

 

$

8,101

 

 

$

293,497

 

 

 

Nine Months Ended October 1, 2022

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

342,489

 

 

$

145,920

 

 

$

20,106

 

 

$

13,067

 

 

$

521,582

 

Workshops + Digital Fees

 

155,558

 

 

 

23,599

 

 

 

12,482

 

 

 

4,901

 

 

 

196,540

 

Subscription Revenues, net

$

498,047

 

 

$

169,519

 

 

$

32,588

 

 

$

17,968

 

 

$

718,122

 

Product sales and other, net

 

70,363

 

 

 

19,621

 

 

 

5,506

 

 

 

3,320

 

 

 

98,810

 

Revenues, net

$

568,410

 

 

$

189,140

 

 

$

38,094

 

 

$

21,288

 

 

$

816,932

 

 

 

Nine Months Ended October 2, 2021

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

387,422

 

 

$

176,059

 

 

$

28,410

 

 

$

14,796

 

 

$

606,687

 

Workshops + Digital Fees

 

158,265

 

 

 

28,397

 

 

 

14,304

 

 

 

7,439

 

 

 

208,405

 

Subscription Revenues, net

$

545,687

 

 

$

204,456

 

 

$

42,714

 

 

$

22,235

 

 

$

815,092

 

Product sales and other, net

 

81,055

 

 

 

27,308

 

 

 

9,021

 

 

 

4,196

 

 

 

121,580

 

Revenues, net

$

626,742

 

 

$

231,764

 

 

$

51,735

 

 

$

26,431

 

 

$

936,672

 

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 (decrease) increase during the period

 

 

(6,083

)

 

 

11

 

Balance as of October 1, 2022

 

$

39,772

 

 

$

39

 

 

 

 

 

 

 

 

Balance as of January 2, 2021

 

$

50,475

 

 

$

44

 

Net decrease during the period

 

 

(244

)

 

 

(36

)

Balance as of October 2, 2021

 

$

50,231

 

 

$

8

 

 

Revenue recognized from amounts included in current deferred revenue as of January 1, 2022 was $44,375 for the nine months ended October 1, 2022. Revenue recognized from amounts included in current deferred revenue as of January 2, 2021 was $49,808 for the nine months ended October 2, 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.