Deferred Revenue and Customer Advances

6 Months Ended

Jul. 03, 2016

H. Deferred Revenue and Customer Advances

Deferred revenue and customer advances consist of the following and are included in short and long-term deferred revenue and customer advances on the balance sheet:


	July 3, 2016		December 31, 2015
	(in thousands)
Extended warranty	$	47,723	$	46,499
Product maintenance and training		38,030		30,616
Customer advances		3,486		17,456
Undelivered elements and other		128,608		16,701

Total deferred revenue and customer advances	$	217,847	$	111,272

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

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