Revenue and Geographic Information

3 Months Ended

Mar. 31, 2023

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 condensed 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 three months ended March 31, 2023 and April 1, 2022:

	Three Months Ended
	March 31, 2023		April 1, 2022
Deferred revenue – beginning of period	$	35,051	$	33,385
Amounts billed, but not recognized	8,548		8,531
Recognition of revenue	(8,728)		(7,281)
Deferred revenue – end of period	$	34,871	$	34,635

The Company recorded deferred revenue of $22,679 and $22,611 in accrued liabilities and $12,192 and $12,440 in other liabilities as of March 31, 2023 and December 30, 2022, respectively.

Disaggregation of Revenue — The following table sets forth revenue by geography between the United States and all geographies outside of the United States for the three months ended March 31, 2023 and April 1, 2022:

	Three Months Ended
	March 31, 2023		April 1, 2022
Domestic integrators(a)	$	209,477	$	225,406
Domestic other(b)	9,242		13,353
International(c)	33,321		38,675
Total	$	252,040	$	277,434

(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 revenue earned by our Access Networks enterprise grade network solution business, a recently acquired business.

(b)Domestic other is defined as Access Networks revenue 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 three months ended March 31, 2023 and April 1, 2022:

	Three Months Ended
	March 31, 2023		April 1, 2022
Proprietary products(a)	$	171,375	$	187,797
Third-party products(b)	80,665		89,637
Total	$	252,040	$	277,434

(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 three months ended March 31, 2023 and April 1, 2022:

	Three Months Ended
	March 31, 2023		April 1, 2022
Products transferred at a point in time	$	243,312	$	270,153
Services transferred over time	8,728		7,281
Total	$	252,040	$	277,434