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Revenue
3 Months Ended
Apr. 03, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Wafer Services Contract
In March 2022, we signed a new contract with a significant wafer services customer. Under the contract, orders are non-cancellable and we have an enforceable right to complete the orders and to payment for any finished or in-process wafers plus a reasonable margin. The wafers produced for that customer are highly customized and have no alternative use to us. Control of these wafers is deemed to transfer to the customer over time during the fabrication process, using the same measure of progress toward satisfying the promise to deliver the units to the customer. Consequently, the transaction price is recognized as revenue over time based on actual costs incurred in the fabrication process to date relative to total expected costs to produce all wafers beginning in March 2022. The contract terms and pricing is applicable to all in-process and future wafers. We recorded revenue of $8,230 in the first quarter of 2022 to account for recognition of wafer services activities in process at the date the contract was signed.
Disaggregated Revenue
The following table discloses revenue by product type and the timing of recognition of revenue for transfer of goods and services to customers:
Three Months Ended April 3, 2022
Topic 606 Revenue
Point-in-TimeOver TimeLease RevenueTotal Revenue
Wafer Services$13,205 $8,341 $— $21,546 
Advanced Technology Services
T&M— 18,908 — 18,908 
Fixed Price— 6,500 — 6,500 
Other— — 1,167 1,167 
Total Advanced Technology Services
— 25,408 1,167 26,575 
Total revenue$13,205 $33,749 $1,167 $48,121 

 Three Months Ended April 4, 2021
Topic 606 Revenue
 Point-in-TimeOver TimeLease RevenueTotal Revenue
Wafer Services$10,019 $— $— $10,019 
Advanced Technology Services
T&M— 10,792 — 10,792 
Fixed Price— 26,123 — 26,123 
Other— — 1,167 1,167 
Total Advanced Technology Services
— 36,915 1,167 38,082 
Total revenue$10,019 $36,915 $1,167 $48,101 
The following table discloses revenue by country as determined based on customer address:
Three Months Ended
April 3, 2022April 4, 2021
United States$42,359 $43,621 
United Kingdom1,781 2,086 
Canada1,670 1,609 
All others2,311 785 
$48,121 $48,101 
Deferred Contract Costs
We recognized amortization of deferred contract costs in our condensed consolidated statements of operations totaling $195 and $551 for the three months ended April 3, 2022 and April 4, 2021, respectively.
Contract Assets
Contract assets are $26,207 and $16,303 at April 3, 2022 and January 2, 2022, respectively, and are included in accounts receivable, net in our condensed consolidated balance sheets. The contract assets balance at April 3, 2022 includes the impact from the new wafer services contract described above, in which we recorded revenue and contract assets of $8,230 for in-process wafers.
Contract Liabilities
The contract liabilities and other significant components of deferred revenue are as follows:
 April 3, 2022January 2, 2022
Contract
Liabilities
Deferred
Lease Revenue
Total
Deferred Revenue
Contract
Liabilities
Deferred
Lease Revenue
Total
Deferred Revenue
Current$18,606 $4,667 $23,273 $16,141 $4,667 $20,808 
Long-term72,833 10,111 82,944 76,816 11,278 88,094 
Total$91,439 $14,778 $106,217 $92,957 $15,945 $108,902 
The decrease in contract liabilities from January 2, 2022 to April 3, 2022 was primarily the result of completion of specific performance obligations for our customers. Approximately 3% of our total contract liabilities at January 2, 2022 were recognized in revenue in the first three months of 2022. Approximately 15% of our total contract liabilities at January 3, 2021 were recognized in revenue in the first three months of 2021.
Remaining Performance Obligations
As of April 3, 2022, we had approximately $89,903 of transaction price allocated to remaining performance obligations that are unsatisfied (or partially satisfied) on contracts with an original expected duration of one year or more, which are primarily related to Advanced Technology Services contracts. We expect to recognize those remaining performance obligations as follows:
Within one year$17,070 
From one to two years17,992 
From two to three years10,968 
After three years43,873 
Total$89,903 
We do not disclose the value of remaining performance obligations for contracts with an original expected duration of one year or less. Further, we do not adjust the promised amount of consideration for the effects of a significant financing component if we expect, at contract inception, that the period between when we transfer a promised good or service to a customer and when the customer pays for that good or service will be one year or less.