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Revenue
3 Months Ended
Mar. 30, 2019
Revenue From Contract With Customer [Abstract]  
Revenue

Note 4. Revenue

 

The Company disaggregates its revenue from contracts with customers by geographic location. See Note 15 for further information.

 

Contract assets and liabilities

Contract assets and liabilities consisted of the following (in thousands):

 

 

 

March 30, 2019

 

 

December 29, 2018

 

Contract assets

 

$

3,707

 

 

$

2,189

 

Contract liabilities

 

 

12,146

 

 

 

10,743

 

Net contract liabilities

 

$

8,439

 

 

$

8,554

 

 

During the three months ended March 30, 2019 the Company recognized $1.5 million of revenue related to amounts that had been reported as contract liabilities at December 29, 2018. Net contract liabilities at March 30, 2019 were relatively unchanged from December 29, 2018. The Company classifies its contract liabilities as deferred revenue on its condensed consolidated balance sheet.

 

Most of the Company’s remaining performance obligations on contracts with customers are expected to be recognized as revenue within the next six to twelve months.