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

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

 

 

Year Ended

 

 

 

December 30,
2023

 

 

December 31,
2022

 

 

January 1,
2022

 

Point-in-time

 

$

761,797

 

 

$

958,409

 

 

$

749,276

 

Over-time

 

 

54,071

 

 

 

46,773

 

 

 

39,623

 

Total revenue

 

$

815,868

 

 

$

1,005,183

 

 

$

788,899

 

See Note 14 of the Notes to the Consolidated Financial Statements 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 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 Consolidated Balance Sheets. As of December 30, 2023 and December 31, 2022, the Company carried a long-term deferred revenue balance of $2,462 and $2,852, respectively, in “other non-current liabilities” on the Consolidated Balance Sheets.

Changes in deferred revenue were as follows:

 

 

Year Ended

 

 

 

December 30,
2023

 

 

December 31,
2022

 

Balance, beginning of the period

 

$

33,014

 

 

$

31,672

 

Deferral of revenue

 

 

75,602

 

 

 

81,772

 

Revenue recognized

 

 

(81,391

)

 

 

(80,430

)

Balance, ending of the period

 

$

27,225

 

 

$

33,014