XML 28 R14.htm IDEA: XBRL DOCUMENT v3.20.2
Revenue Recognition
9 Months Ended
Sep. 26, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Deferred contract assets and deferred contract liabilities are included in our condensed consolidated balance sheets as follows (in thousands):
September 26,
2020
December 28,
2019
Deferred Contract Assets included in:
Other current assets
$25,454 $23,568 
Other non-current assets
35,836 33,782 
$61,290 $57,350 


September 26,
2020
December 28,
2019
Deferred Contract Liabilities included in:
Other current liabilities
$34,369 $34,204 
Other non-current liabilities
47,103 44,970 
$81,472 $79,174 

During both the three months ended September 26, 2020 and September 28, 2019, we recognized revenue of $9 million, that were included in the deferred contract liability balances at the beginning of the respective periods. During the nine months ended September 26, 2020 and September 28, 2019, we recognized revenue of $27 million and $25 million, respectively, that were included in the deferred contract liability balances at the beginning of the respective periods.

Revenue from goods and services transferred to customers at a point in time accounted for approximately 98% of our revenues for the three and nine months ended September 26, 2020 and September 28, 2019.
Net sales were as follows (in thousands):
Three Months EndedNine Months Ended
September 26,
2020
September 28,
2019
September 26,
2020
September 28,
2019
Retail
$456,756 $437,871 $1,097,872 $1,158,096 
Online and phone
72,688 34,520 187,067 89,695 
Total Retail529,444 472,391 1,284,939 1,247,791 
Wholesale/Other1,711 2,387 3,720 9,395 
Total Company$531,155 $474,778 $1,288,659 $1,257,186 

Obligation for Sales Returns

The activity in the sales returns liability account was as follows (in thousands):
Nine Months Ended
September 26,
2020
September 28,
2019
Balance at beginning of year
$19,809 $19,907 
Additions that reduce net sales
55,086 60,962 
Deductions from reserves
(50,810)(57,036)
Balance at end of period
$24,085 $23,833