Revenue and Geographic Information

12 Months Ended

Dec. 29, 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 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 29, 2023, December 30, 2022, and December 31, 2021:

	December 29, 2023		December 30, 2022		December 31, 2021
Deferred revenue – beginning of period	$	35,051	$	33,385	$	30,466
Amounts billed, but not recognized	35,868		34,401		28,536
Recognition of revenue	(35,998)		(32,953)		(27,086)
Deferred revenue acquired	—		218		1,469
Deferred revenue – end of period	$	34,921	$	35,051	$	33,385

The Company recorded deferred revenue of $23,261 and $22,611 in accrued liabilities and $11,660 and $12,440 in other liabilities as of December 29, 2023 and December 30, 2022, respectively.

Disaggregation of Revenue — The following table sets forth revenue by geography for the years ended December 29, 2023, December 30, 2022, and December 31, 2021:

	2023		2022(d)		2021(d)
Domestic integrators(a)	$	904,788	$	941,676	$	849,074
Domestic other(b)	20,519		30,033		39,926
International(c)	135,672		152,102		119,013
Total	$	1,060,979	$	1,123,811	$	1,008,013

(a)“Domestic integrators” is defined as professional “do-it-for-me” integrators who transact with Snap One through a traditional integrator channel in the United States.

(b)“Domestic other” is defined as 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.

(d)Certain amounts, including Access Networks net sales, have been reclassified to conform to the current period presentation.

The following table sets forth revenue by product type between proprietary products and third-party products for the years ended December 29, 2023, December 30, 2022, and December 31, 2021:

	2023		2022		2021
Proprietary products(a)	$	699,214	$	762,088	$	702,626
Third-party products(b)	361,765		361,723		305,387
Total	$	1,060,979	$	1,123,811	$	1,008,013

(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 29, 2023, December 30, 2022, and December 31, 2021:

	2023		2022		2021
Products transferred at a point in time	$	1,024,981	$	1,090,858	$	980,927
Services transferred over time	35,998		32,953		27,086
Total	$	1,060,979	$	1,123,811	$	1,008,013

Disaggregation of Property & Equipment — Property and equipment, net, by geography as of December 29, 2023 and December 30, 2022:

	December 29, 2023		December 30, 2022
United States	$	39,187	$	29,470
International	6,373		5,488
Total	$	45,560	$	34,958