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Revenue
12 Months Ended
Jan. 01, 2022
Revenue From Contract With Customer [Abstract]  
Revenue

10.

Revenue

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

 

 

 

Year Ended

 

 

 

January 1,

2022

 

 

December 26,

2020

 

Point-in-time

 

$

749,276

 

 

$

527,677

 

Over-time

 

 

39,623

 

 

 

28,819

 

Total revenue

 

$

788,899

 

 

$

556,496

 

See Note 15 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 January 1, 2022 and December 26, 2022, the Company carried a long-term deferred revenue balance of $1,693 and $1,292, respectively, in “other non-current liabilities” on the Consolidated Balance Sheets.

Changes in deferred revenue were as follows:

 

 

Year Ended

 

 

 

January 1,

2022

 

 

December 26,

2020

 

Balance, beginning of the period

 

$

15,627

 

 

$

15,093

 

Deferred revenue assumed from Inspectrology acquisition (Note 3)

 

 

386

 

 

 

 

Deferral of revenue

 

 

69,656

 

 

 

43,398

 

Recognition of deferred revenue

 

 

(53,997

)

 

 

(42,864

)

Balance, ending of the period

 

$

31,672

 

 

$

15,627