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Revenue Recognition | 12 Months Ended
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Dec. 29, 2018
Revenue Recognition [Abstract] |
Revenue Recognition | (9) Revenue Recognition Deferred contract liabilities and deferred contract assets are included in our consolidated balance sheets as follows (in thousands):
|  | December 29, 2018 |  |  | December 30, 2017 |
Deferred Contract Liabilities included in: |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 32,395 |  |  | $ | 29,534 |
Other non-current liabilities |  |  | 42,194 |  |  |  | 43,159 |
|  | $ | 74,589 |  |  | $ | 72,693 |
|  | December 29, 2018 |  |  | December 30, 2017 |
Deferred Contract Assets included in: |  |  |  |  |  |  |  |
Other current assets |  | $ | 20,553 |  |  | $ | 17,208 |
Other non-current assets |  |  | 29,456 |  |  |  | 25,772 |
|  | $ | 50,009 |  |  | $ | 42,980 |
During the year ended December 29, 2018, we recognized revenue of $30 million that was included in the deferred contract liability balance at the beginning of the year. Revenue from goods and services transferred to customers at a point in time accounted for approximately 98% of our revenues for 2018 and 2017. Net sales from each of our channels was as follows (in thousands):
|  | 2018 |  |  | 2017 |
Retail |  | $ | 1,401,991 |  |  | $ | 1,324,690 |
Online and phone |  |  | 115,831 |  |  |  | 101,145 |
Company-Controlled channel |  |  | 1,517,822 |  |  |  | 1,425,835 |
Wholesale/Other channel |  |  | 13,753 |  |  |  | 18,662 |
Total |  | $ | 1,531,575 |  |  | $ | 1,444,497 |
Obligation for Sales Returns We accept sales returns during a 100-night trial period. Accrued sales returns represent a refund liability for the amount of consideration that we do not expect to be entitled to because it will be refunded to customers. The refund liability estimate is based on historical return rates and is adjusted for any current trends as appropriate. Each reporting period we remeasure the liability to reflect changes in the estimate, with a corresponding adjustment to net sales. The activity in the sales returns liability account for 2018 and 2017 was as follows (in thousands):
|  | 2018 |  |  | 2017 |
Balance at beginning of year |  | $ | 19,270 |  |  | $ | 15,222 |
Additions that reduce net sales |  |  | 79,326 |  |  |  | 77,226 |
Deduction from reserves |  |  | (78,689 | ) |  |  | (73,178 | )
Balance at end of period |  | $ | 19,907 |  |  | $ | 19,270 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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