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Revenue
3 Months Ended
Apr. 02, 2022
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

 

 

April 2,

 

 

March 27,

 

 

2022

 

 

2021

 

Point-in-time

$

229,970

 

 

$

161,161

 

Over-time

 

11,380

 

 

 

8,118

 

Total revenue

$

241,350

 

 

$

169,279

 

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 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 Condensed Consolidated Balance Sheets.  As of April 2, 2022 and January 1, 2022, the Company carried a long-term deferred revenue balance of $2,137 and $1,693, respectively, in other non-current liabilities on the Condensed Consolidated Balance Sheets.  

Changes in deferred revenue were as follows:

 

 

Three Months Ended

 

 

April 2,

 

 

March 27,

 

 

2022

 

 

2021

 

Balance, beginning of the period

$

31,672

 

 

$

15,626

 

Deferred revenue assumed in acquisition

 

 

 

 

385

 

Deferral of revenue

 

23,500

 

 

 

19,232

 

Recognition of deferred revenue

 

(16,573

)

 

 

(12,814

)

Balance, end of the period

$

38,599

 

 

$

22,429