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Revenue
3 Months Ended
Mar. 28, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
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 28,
2021
March 29,
2020
Motorcycles and Related Products Revenue:
Motorcycles$1,016,334 $899,365 
Parts & Accessories149,859 134,685 
General Merchandise50,323 49,160 
Licensing5,512 8,029 
Other10,079 8,549 
1,232,107 1,099,788 
Financial Services Revenue:
Interest income159,814 170,001 
Other30,586 28,455 
190,400 198,456 
$1,422,507 $1,298,244 
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 28,
2021
March 29,
2020
Balance, beginning of period$36,614 $29,745 
Balance, end of period$36,266 $29,434 
Previously deferred revenue recognized as revenue in the three months ended March 28, 2021 and March 29, 2020 was $6.2 million and $6.9 million, respectively. The Company expects to recognize approximately $14.9 million of the remaining unearned revenue over the next 12 months and $21.4 million thereafter.