XML 45 R30.htm IDEA: XBRL DOCUMENT v3.24.0.1
Revenue and Geographic Information (Tables)
 12 Months Ended
Dec. 29, 2023
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 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 
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:

202320222021
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:

202320222021
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 
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 improvements
Shorter of the useful life of the asset or the remaining lease term of the lease
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 
Property and equipment, net, as of December 29, 2023 and December 30, 2022, consisted of the following:
December 29,
2023		December 30,
2022
Equipment$20,474 $17,554 
Computers and software29,181 25,965 
Furniture and fixtures5,801 4,524 
Leasehold improvements31,107 16,791 
Construction in progress9,089 12,010 
Total property and equipment 95,652 76,844 
Less: Accumulated depreciation(50,092)(41,886)
Property and equipment, net$45,560 $34,958