Revenue

3 Months Ended

Mar. 29, 2020

Revenue from Contract with Customer [Abstract]

The Company recognizes revenue when it satisfies a performance obligation by transferring control of a good or service to a customer. Revenue is measured based on the consideration that the Company expects to be entitled to in exchange for the goods or services transferred. Taxes that are collected from a customer concurrent with revenue-producing activities are excluded from revenue.

Disaggregated revenue by major source was as follows (in thousands):


	Three months ended
	March 29, 2020		March 31, 2019
Motorcycles and Related Products Revenue:
Motorcycles	$	899,365	$	964,575
Parts & accessories	134,685		159,703
General merchandise	49,160		55,401
Licensing	8,029		8,577
Other	8,549		7,381
	1,099,788		1,195,637
Financial Services Revenue:
Interest income	170,001		159,804
Other	28,455		28,939
	198,456		188,743
	$	1,298,244	$	1,384,380

The Company maintains certain deferred revenue balances related to payments received at contract inception in advance of the Company’s performance under the contract and generally relates to the sale of Harley Owners Group® memberships and extended service plan contracts. Deferred revenue is recognized as revenue as the Company performs under the contract. Deferred revenue, included in Accrued liabilities and Other long-term liabilities on the Consolidated balance sheets, was as follows (in thousands):


	March 29, 2020		March 31, 2019
Balance, beginning of period	$	29,745	$	29,055
Balance, end of period	29,434		30,228

Previously deferred revenue recognized as revenue in the three months ended March 29, 2020 and March 31, 2019 was $6.9 million and $6.1 million, respectively. The Company expects to recognize approximately $15.4 million of the remaining unearned revenue over the next 12 months and $14.0 million thereafter.