XML 27 R16.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue
3 Months Ended
Mar. 27, 2021
Revenue From Contract With Customer [Abstract]  
Revenue

NOTE 9. Revenue

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

 

 

Three Months Ended

 

 

March 27,

 

 

March 28,

 

 

2021

 

 

2020

 

Point-in-time

$

161,161

 

 

$

133,745

 

Over-time

 

8,118

 

 

 

6,183

 

Total revenue

$

169,279

 

 

$

139,928

 

 

See Note 15 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. These amounts are recorded as deferred revenue in the Condensed Consolidated Balance Sheets.  

Changes in deferred revenue were as follows:

 

 

Three Months Ended

 

 

March 27,

 

 

March 28,

 

 

2021

 

 

2020

 

Balance, beginning of the period

$

15,626

 

 

$

15,093

 

Deferred revenue assumed in acquisition

 

385

 

 

 

 

Deferral of revenue

 

19,232

 

 

 

14,434

 

Recognition of deferred revenue

 

(12,814

)

 

 

(11,495

)

Balance, end of the period

$

22,429

 

 

$

18,032