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Revenue
 3 Months Ended
Apr. 01, 2023
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 1,

 

 

April 2,

 

 

2023

 

 

2022

 

Digital Subscription Revenues

$

149,344

 

 

$

191,482

 

Workshops + Digital Fees

 

61,688

 

 

 

65,503

 

Subscription Revenues, net

$

211,032

 

 

$

256,985

 

Product sales and other, net

 

30,863

 

 

 

40,776

 

Revenues, net

$

241,895

 

 

$

297,761

 

 

Segment information for the three months ended April 2, 2022 presented below has been updated to reflect the new reportable segment structure. The following tables present the Company’s revenues disaggregated by revenue source and segment:

 

 

Three Months Ended April 1, 2023

 

 

North America

 

 

International

 

 

Total

 

Digital Subscription Revenues

$

97,772

 

 

$

51,572

 

 

$

149,344

 

Workshops + Digital Fees

 

49,482

 

 

 

12,206

 

 

 

61,688

 

Subscription Revenues, net

$

147,254

 

 

$

63,778

 

 

$

211,032

 

Product sales and other, net

 

23,771

 

 

 

7,092

 

 

 

30,863

 

Revenues, net

$

171,025

 

 

$

70,870

 

 

$

241,895

 

 

 

Three Months Ended April 2, 2022

 

 

North America

 

 

International

 

 

Total

 

Digital Subscription Revenues

$

125,319

 

 

$

66,163

 

 

$

191,482

 

Workshops + Digital Fees

 

50,980

 

 

 

14,523

 

 

 

65,503

 

Subscription Revenues, net

$

176,299

 

 

$

80,686

 

 

$

256,985

 

Product sales and other, net

 

28,381

 

 

 

12,395

 

 

 

40,776

 

Revenues, net

$

204,680

 

 

$

93,081

 

 

$

297,761

 

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 December 31, 2022

 

$

32,156

 

 

$

360

 

Net increase (decrease) during the period

 

 

3,560

 

 

 

(57

)

Balance as of April 1, 2023

 

$

35,716

 

 

$

303

 

 

 

 

 

 

 

 

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

 

Revenue recognized from amounts included in current deferred revenue as of December 31, 2022 was $29,733 for the three months ended April 1, 2023. 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. 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.