Revenue Recognition (Tables)

3 Months Ended

Mar. 29, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents net revenues disaggregated by revenues generated within the parks and revenues generated from out-of-park operations less amounts remitted to outside parties under concessionaire arrangements for the periods presented:

	Three months ended
(In thousands)	March 29, 2020			March 31, 2019
In-park revenues	$	43,027		$	54,213
Out-of-park revenues	12,091			14,761
Concessionaire remittance	(1,483		)	(1,997		)
Net revenues	$	53,635		$	66,977

Contract with Customer, Liability

The following table discloses when we expect to recognize our outstanding deferred revenue:

(In thousands)	March 29, 2020		Balance Sheet Location
Estimated to be recognized in 2020	$	30,381	Deferred revenue
Estimated to be recognized in 2021	155,435		Other Non-Current Deferred Revenue
Estimated to be recognized from 2022 through 2039 (1)	8,702		Other Non-Current Deferred Revenue
	164,137
Total Deferred Revenue	$	194,518

(1) We lease a portion of the California's Great America parking lot to the Santa Clara Stadium Authority during Levi's Stadium events. The lease is effective through the life of the stadium, or approximately 25 years, from the opening of the stadium through 2039. The lease payments were prepaid, and the corresponding revenue is being recognized over the life of the stadium.