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Revenue
9 Months Ended
Sep. 26, 2020
Revenue From Contract With Customer [Abstract]  
Revenue

 


5.

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

 

 

September 26,

 

 

September 28,

 

 

September 26,

 

 

September 28,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Digital Subscription Revenues

$

188,731

 

 

$

153,940

 

 

$

541,197

 

 

$

459,764

 

Studio + Digital Fees

 

93,579

 

 

 

144,101

 

 

 

358,767

 

 

 

458,771

 

Service Revenues, net

$

282,310

 

 

$

298,041

 

 

$

899,964

 

 

$

918,535

 

Product sales and other, net

 

38,389

 

 

 

50,526

 

 

 

154,733

 

 

 

162,219

 

Revenues, net

$

320,699

 

 

$

348,567

 

 

$

1,054,697

 

 

$

1,080,754

 

 

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

 

 

Three Months Ended September 26, 2020

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

122,120

 

 

$

53,230

 

 

$

9,227

 

 

$

4,154

 

 

$

188,731

 

Studio + Digital Fees

 

69,111

 

 

 

14,288

 

 

 

7,515

 

 

 

2,665

 

 

 

93,579

 

Service Revenues, net

$

191,231

 

 

$

67,518

 

 

$

16,742

 

 

$

6,819

 

 

$

282,310

 

Product sales and other, net

 

23,964

 

 

 

8,993

 

 

 

3,730

 

 

 

1,702

 

 

 

38,389

 

Revenues, net

$

215,195

 

 

$

76,511

 

 

$

20,472

 

 

$

8,521

 

 

$

320,699

 

 

 

Three Months Ended September 28, 2019

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

101,579

 

 

$

42,230

 

 

$

6,608

 

 

$

3,523

 

 

$

153,940

 

Studio + Digital Fees

 

108,338

 

 

 

20,644

 

 

 

10,733

 

 

 

4,386

 

 

 

144,101

 

Service Revenues, net

$

209,917

 

 

$

62,874

 

 

$

17,341

 

 

$

7,909

 

 

$

298,041

 

Product sales and other, net

 

33,767

 

 

 

8,264

 

 

 

5,592

 

 

 

2,903

 

 

 

50,526

 

Revenues, net

$

243,684

 

 

$

71,138

 

 

$

22,933

 

 

$

10,812

 

 

$

348,567

 

 

 

Nine Months Ended September 26, 2020

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

354,391

 

 

$

150,572

 

 

$

24,374

 

 

$

11,860

 

 

$

541,197

 

Studio + Digital Fees

 

268,086

 

 

 

53,665

 

 

 

26,645

 

 

 

10,371

 

 

 

358,767

 

Service Revenues, net

$

622,477

 

 

$

204,237

 

 

$

51,019

 

 

$

22,231

 

 

$

899,964

 

Product sales and other, net

 

103,949

 

 

 

30,084

 

 

 

14,219

 

 

 

6,481

 

 

 

154,733

 

Revenues, net

$

726,426

 

 

$

234,321

 

 

$

65,238

 

 

$

28,712

 

 

$

1,054,697

 

 

 

Nine Months Ended September 28, 2019

 

 

North

 

 

Continental

 

 

United

 

 

 

 

 

 

 

 

 

 

America

 

 

Europe

 

 

Kingdom

 

 

Other

 

 

Total

 

Digital Subscription Revenues

$

303,190

 

 

$

125,999

 

 

$

20,019

 

 

$

10,556

 

 

$

459,764

 

Studio + Digital Fees

 

342,896

 

 

 

68,274

 

 

 

33,493

 

 

 

14,108

 

 

 

458,771

 

Service Revenues, net

$

646,086

 

 

$

194,273

 

 

$

53,512

 

 

$

24,664

 

 

$

918,535

 

Product sales and other, net

 

103,255

 

 

 

30,350

 

 

 

18,556

 

 

 

10,058

 

 

 

162,219

 

Revenues, net

$

749,341

 

 

$

224,623

 

 

$

72,068

 

 

$

34,722

 

 

$

1,080,754

 

 

Information about Contract Balances

For Service Revenues, the Company typically collects 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 are as follows:

 

 

 

Deferred

 

 

Deferred

 

 

 

Revenue

 

 

Revenue-Long Term

 

Balance as of December 28, 2019

 

$

60,613

 

 

$

54

 

Net decrease during the period

 

 

(12,601

)

 

 

(4

)

Balance as of September 26, 2020

 

$

48,012

 

 

$

50

 

 

Revenue recognized from amounts included in current deferred revenue as of December 28, 2019 was $59,898 for the nine months ended September 26, 2020. The Company’s long-term deferred revenue, which is included in other liabilities on the Company’s consolidated balance sheet, had a balance of $50 and $54 at September 26, 2020 and December 28, 2019, respectively, for 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.