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Revenue
 6 Months Ended
Jul. 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

 

 

Six Months Ended

 

 

July 1,

 

 

July 2,

 

 

July 1,

 

 

July 2,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Digital Subscription Revenues

$

147,381

 

 

$

174,219

 

 

$

296,725

 

 

$

365,701

 

Workshops + Digital Fees

 

57,167

 

 

 

66,172

 

 

 

118,855

 

 

 

131,675

 

Clinical Subscription Revenues

 

7,592

 

 

 

—

 

 

 

7,592

 

 

 

—

 

Subscription Revenues, net

$

212,140

 

 

$

240,391

 

 

$

423,172

 

 

$

497,376

 

Product sales and other, net

 

14,690

 

 

 

29,063

 

 

 

45,552

 

 

 

69,838

 

Revenues, net

$

226,830

 

 

$

269,454

 

 

$

468,724

 

 

$

567,214

 

Segment information for the three and six months ended July 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 July 1, 2023

 

 

North America

 

 

International

 

 

Total

 

Digital Subscription Revenues

$

95,446

 

 

$

51,935

 

 

$

147,381

 

Workshops + Digital Fees

 

46,290

 

 

 

10,877

 

 

 

57,167

 

Clinical Subscription Revenues

 

7,592

 

 

 

—

 

 

 

7,592

 

Subscription Revenues, net

$

149,328

 

 

$

62,812

 

 

$

212,140

 

Product sales and other, net

 

12,860

 

 

 

1,830

 

 

 

14,690

 

Revenues, net

$

162,188

 

 

$

64,642

 

 

$

226,830

 

 

 

Three Months Ended July 2, 2022

 

 

North America

 

 

International

 

 

Total

 

Digital Subscription Revenues

$

114,435

 

 

$

59,784

 

 

$

174,219

 

Workshops + Digital Fees

 

52,464

 

 

 

13,708

 

 

 

66,172

 

Subscription Revenues, net

$

166,899

 

 

$

73,492

 

 

$

240,391

 

Product sales and other, net

 

21,476

 

 

 

7,587

 

 

 

29,063

 

Revenues, net

$

188,375

 

 

$

81,079

 

 

$

269,454

 

 

 

 

Six Months Ended July 1, 2023

 

 

North America

 

 

International

 

 

Total

 

Digital Subscription Revenues

$

193,218

 

 

$

103,507

 

 

$

296,725

 

Workshops + Digital Fees

 

95,772

 

 

 

23,083

 

 

 

118,855

 

Clinical Subscription Revenues

 

7,592

 

 

 

—

 

 

 

7,592

 

Subscription Revenues, net

$

296,582

 

 

$

126,590

 

 

$

423,172

 

Product sales and other, net

 

36,631

 

 

 

8,921

 

 

 

45,552

 

Revenues, net

$

333,213

 

 

$

135,511

 

 

$

468,724

 

 

 

Six Months Ended July 2, 2022

 

 

North America

 

 

International

 

 

Total

 

Digital Subscription Revenues

$

239,754

 

 

$

125,947

 

 

$

365,701

 

Workshops + Digital Fees

 

103,444

 

 

 

28,231

 

 

 

131,675

 

Subscription Revenues, net

$

343,198

 

 

$

154,178

 

 

$

497,376

 

Product sales and other, net

 

49,857

 

 

 

19,981

 

 

 

69,838

 

Revenues, net

$

393,055

 

 

$

174,159

 

 

$

567,214

 

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

 

 

3,549

 

 

 

(110

)

Balance as of July 1, 2023

 

$

35,705

 

 

$

250

 

 

 

 

 

 

 

 

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

 

Revenue recognized from amounts included in current deferred revenue as of December 31, 2022 was $31,096 for the six months ended July 1, 2023. 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. 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.