Revenue and Geographic Information

12 Months Ended

Dec. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue and Geographic Information

Revenue and Geographic Information

Contract Balances — Amounts invoiced in advance of revenue recognition are recorded as deferred revenue on the consolidated balance sheets. Deferred revenue primarily relates to unspecified software updates and upgrades, hosting, technical support, marketing incentive programs, and subscription services.

The following table represents the changes in deferred revenue for the years ended December 30, 2022, December 31, 2021 and December 25, 2020:

	December 30, 2022		December 31, 2021		December 25, 2020
Deferred revenue – beginning of period	$	33,385	$	30,466	$	23,820
Amounts billed, but not recognized	34,401		28,536		28,366
Recognition of revenue	(32,953)		(27,086)		(21,720)
Deferred revenue acquired	218		1,469		—
Deferred revenue – end of period	$	35,051	$	33,385	$	30,466

The Company recorded deferred revenue of $22,611 and $20,944 in accrued liabilities and $12,440 and $12,441 in other liabilities as of December 30, 2022 and December 31, 2021, respectively.

Disaggregation of Revenue — The following table sets forth revenue by geography for the years ended December 30, 2022, December 31, 2021 and December 25, 2020:

	2022		2021		2020
Domestic integrators(a)	$	913,832	$	829,845	$	684,980
Domestic other(b)	57,877		59,155		34,449
International(c)	152,102		119,013		94,684
Total	$	1,123,811	$	1,008,013	$	814,113

(a)Domestic integrators is defined as professional “do-it-for-me” integrator customers who transact with Snap One through a traditional integrator channel in the United States, excluding the impact of recently acquired businesses domestically, specifically Access Networks.

(b)Domestic other is defined as recently acquired entities, specifically Access Networks, and revenue generated through managed transactions with non-integrator customers, such as national accounts.

(c)International consists of all integrators and distributors who transact with Snap One outside of the United States.

The following table sets forth revenue by product type between proprietary products and third-party products for the years ended December 30, 2022, December 31, 2021 and December 25, 2020:

	2022		2021		2020
Proprietary products(a)	$	762,088	$	702,626	$	578,412
Third-party products(b)	361,723		305,387		235,701
Total	$	1,123,811	$	1,008,013	$	814,113

(a)Proprietary products consist of products and services internally developed by Snap One and sold under one of Snap One’s proprietary brands.

(b)Third-party products consist of products that Snap One distributes but to which Snap One does not own the intellectual property.

Additionally, the Company’s revenue includes amounts recognized over time and at a point in time, and are as follows for the years ended December 30, 2022, December 31, 2021 and December 25, 2020:

	2022		2021		2020
Products transferred at a point in time	$	1,090,858	$	980,927	$	792,393
Services transferred over time	32,953		27,086		21,720
Total	$	1,123,811	$	1,008,013	$	814,113

Disaggregation of Property & Equipment — Property and equipment, net, by geography as of December 30, 2022 and December 31, 2021:

	2022		2021
United States	$	29,470	$	18,027
International	5,488		4,576
Total	$	34,958	$	22,603