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Revenue
6 Months Ended
Jun. 27, 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 endedSix months ended
June 27,
2021
June 28,
2020
June 27,
2021
June 28,
2020
Motorcycles and Related Products Revenue:
Motorcycles$1,029,709 $446,738 $2,046,043 $1,346,103 
Parts & Accessories222,670 168,708 372,529 303,393 
General Merchandise55,631 37,805 105,954 86,965 
Licensing8,872 4,903 14,384 12,932 
Other14,618 11,120 24,697 19,669 
1,331,500 669,274 2,563,607 1,769,062 
Financial Services Revenue:
Interest income167,728 168,261 327,542 338,262 
Other32,830 27,692 63,416 56,147 
200,558 195,953 390,958 394,409 
$1,532,058 $865,227 $2,954,565 $2,163,471 
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):
June 27,
2021
June 28,
2020
Balance, beginning of period$36,614 $29,745 
Balance, end of period$38,934 $31,143 
Previously deferred revenue recognized as revenue in the three months ended June 27, 2021 and June 28, 2020 was $5.7 million and $7.9 million, respectively, and $11.8 million and $14.7 million in the six months ended June 27, 2021 and June 28, 2020, respectively. The Company expects to recognize approximately $15.9 million of the remaining unearned revenue over the next 12 months and $23.1 million thereafter.