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Revenue
9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue

NOTE 8. Revenue

The following table represents a disaggregation of revenue by timing of revenue:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

October 1,

 

 

September 30,

 

 

October 1,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Point-in-time

$

194,375

 

 

$

242,209

 

 

$

559,074

 

 

$

716,645

 

Over-time

 

12,810

 

 

 

12,044

 

 

 

37,938

 

 

 

35,268

 

Total revenue

$

207,185

 

 

$

254,253

 

 

$

597,012

 

 

$

751,913

 

See Note 14 for additional discussion of the Company’s disaggregated revenue in detail.

Contract Liabilities

The Company records contract liabilities when the customer has been billed in advance of the Company completing its performance obligations primarily with respect to liabilities related to service contracts and installation. For contracts that have a duration of one year or less, these amounts are recorded as current deferred revenue in the Condensed Consolidated Balance Sheets. As of September 30, 2023 and December 31, 2022, the Company carried a long-term deferred revenue balance of $3,899 and $2,852, respectively, in “Other non-current liabilities” on the Condensed Consolidated Balance Sheets.

Changes in deferred revenue were as follows:

 

 

Three Months Ended

 

 

Nine Months Ended

 

September 30,

 

 

October 1,

 

 

September 30,

 

 

October 1,

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Balance, beginning of the period

$

27,256

 

 

$

34,431

 

 

$

33,014

 

 

$

31,673

 

Deferral of revenue

 

17,749

 

 

 

15,333

 

 

 

52,039

 

 

 

60,389

 

Recognition of deferred revenue

 

(18,274

)

 

 

(18,717

)

 

 

(58,322

)

 

 

(61,015

)

Balance, end of the period

$

26,731

 

 

$

31,047

 

 

$

26,731

 

 

$

31,047