XML 45 R32.htm IDEA: XBRL DOCUMENT v3.22.4
Revenue and Geographic Information (Tables)
12 Months Ended
Dec. 30, 2022
Revenue from Contract with Customer [Abstract]  
Summary of Changes in Deferred Revenue
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 acquired218 1,469 — 
Deferred revenue – end of period
$35,051 $33,385 $30,466 
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:
202220212020
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:

202220212020
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:

202220212020
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 
Summary of Property and Equipment, Net
The following table summarizes the estimated useful lives of each respective asset category:

Equipment
3 - 10 years
Computers and software
3 - 5 years
Furniture and fixtures
3 - 7 years
Leasehold improvementsShorter of the useful life of the asset or the remaining lease term of lease
Property and equipment, net, by geography as of December 30, 2022 and December 31, 2021:
20222021
United States
$29,470 $18,027 
International
5,488 4,576 
Total
$34,958 $22,603 
Property and equipment, net, as of December 30, 2022, and December 31, 2021, consisted of the following:

20222021
Equipment$17,554 $13,422 
Computers and software25,965 22,438 
Furniture and fixtures4,524 3,609 
Leasehold improvements16,791 11,505 
Construction in progress12,010 4,512 
Total property and equipment 76,844 55,486 
Less: Accumulated depreciation(41,886)(32,883)
Property and equipment, net$34,958 $22,603