XML 29 R16.htm IDEA: XBRL DOCUMENT v3.21.2
Revenue
9 Months Ended
Sep. 25, 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

 

 

Nine Months Ended

 

 

September 25,

 

 

September 26,

 

 

September 25,

 

 

September 26,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Point-in-time

$

190,014

 

 

$

122,015

 

 

$

533,308

 

 

$

387,556

 

Over-time

 

10,575

 

 

 

4,477

 

 

 

29,947

 

 

 

13,812

 

Total revenue

$

200,589

 

 

$

126,492

 

 

$

563,255

 

 

$

401,368

 

 

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

 

 

Nine Months Ended

 

 

September 25,

 

 

September 26,

 

 

September 25,

 

 

September 26,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Balance, beginning of the period

$

22,906

 

 

$

17,894

 

 

$

15,626

 

 

$

15,093

 

Deferred revenue assumed in acquisition

 

 

 

 

 

 

 

386

 

 

 

 

Deferral of revenue

 

17,317

 

 

 

10,137

 

 

 

51,666

 

 

 

33,389

 

Recognition of deferred revenue

 

(12,364

)

 

 

(10,396

)

 

 

(39,819

)

 

 

(30,847

)

Balance, end of the period

$

27,859

 

 

$

17,635

 

 

$

27,859

 

 

$

17,635