Revenue



Disaggregated Revenue by Timing of Recognition*	Three Months Ended				Six Months Ended
(in thousands)	September 30, 2018		October 1, 2017		September 30, 2018		October 1, 2017
Goods/services transferred at a point in time	$	233,630	$	204,159	$	460,221	$	400,647
Goods/services transferred over time	1,854		239		3,779		464
Total Revenue	$	235,484	$	204,398	$	464,000	$	401,111

* For other disaggregated revenue information, refer to Note 18.



Contract Balances and Refund Liabilities
The following table provides information about contract assets, refund liabilities and contract liabilities on the condensed consolidated balance sheets:
				April 2, 2018
(in thousands)	September 30, 2018			(as adjusted**)
Contract assets - unbilled revenue	$	751		$	1,595
Refund liabilities - price adjustment and other revenue reserves	$	(11,448	)	$	(10,964	)
Contract Liabilities - short-term	$	(774	)	$	(778	)
Contract Liabilities - long-term	$	(967	)	$	(1,354	)

** The "as adjusted" balances at April 2, 2018 reflect the comparative amounts under ASC Topic 606.

Contract assets consist of the Company’s unbilled revenue to transfer goods or services to a customer for which the Company has yet to receive consideration or the amount is due from the customer. Contract assets are included in “Accounts Receivable, Net” on the Condensed Consolidated Balance Sheets.

The beginning and ending balances of contract assets in the second quarter of fiscal 2019 were $2.1 million and $0.8 million, respectively. During the three and six months ended September 30, 2018, contract assets increased by $0.8 million and $2.8 million, respectively, associated with unbilled revenue for additional goods and services transferred to customers, which was offset by decreases of $2.1 million and $3.6 million, respectively, primarily due to invoices issued to customers.

Refund liabilities consist of variable consideration estimates for returns, rebates, price protection, ship from stock pricing credits and stock rotation. Such reserves were previously shown net within “Accounts Receivable, Net” and are now presented within “Other Accrued Liabilities” on the Condensed Consolidated Balance Sheets effective April 2, 2018.

Contract liabilities consist of the Company’s obligation to transfer goods or services to a customer for which the Company has received consideration or the amount is due from the customer. Contract liabilities are classified as short-term or long-term within “Other Accrued Liabilities” or “Other Long-term Liabilities”, respectively, on the Condensed Consolidated Balance Sheets.

Remaining Performance Obligations

As of the end of a reporting period, some of the performance obligations associated with contracts will have been unsatisfied or only partially satisfied. In accordance with the practical expedients available in the guidance, the Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less, and the remaining duration of the performance obligations for contracts with an original expected duration of greater than one year. As of September 30, 2018, the Company’s remaining performance obligations from contracts with an original expected duration of greater than one year is $7.9 million.

Practical Expedients

The Company has elected to apply the practical expedient to expense commission costs as incurred for costs to obtain a contract when the amortization period would have been one year or less. As a result, no commission costs are capitalized. The Company records these costs within selling, general and administrative expenses on the Condensed Consolidated Statements of Operations.

The Company has adopted the practical expedient which states an entity need not adjust the promised amount of consideration for the effects of a significant financing component if the entity expects, at contract inception, that the period between when the entity transfers a promised good or service to the customer and when the customer pays for that good or service will be one year or less. The Company does not have payments associated with performance obligations outside this one-year time frame.