Revenue

6 Months Ended

Jun. 29, 2024

Revenue from Contract with Customer [Abstract]

Revenue

NOTE 8. Revenue

The following table represents a disaggregation of revenue by timing of revenue:

	Three Months Ended				Six Months Ended
	June 29,		July 1,		June 29,		July 1,
	2024		2023		2024		2023
Point-in-time	$	227,733	$	178,325	$	441,582	$	364,699
Over-time		14,594		12,337		29,590		25,128
Total revenue	$	242,327	$	190,662	$	471,172	$	389,827

See Note 14 for additional discussion of the Company’s disaggregated revenue in detail.

Contract Liabilities

The Company records contract liabilities when the customer has been billed in advance of the Company completing its performance obligations primarily with respect to liabilities related to service contracts and installation. For contracts that have a duration of one year or less, these amounts are recorded as current deferred revenue in the Condensed Consolidated Balance Sheets. For contracts with a duration longer than one year, these amounts are recorded in other non-current liabilities in the Condensed Consolidated Balance Sheets. As of June 29, 2024 and December 30, 2023, the Company carried a long-term deferred revenue balance of $3,114 and $2,462, respectively.

Changes in deferred revenue were as follows:

	Three Months Ended						Six Months Ended
	June 29,			July 1,			June 29,			July 1,
	2024			2023			2024			2023
Balance, beginning of the period	$	28,879		$	30,383		$	27,225		$	33,014
Deferral of revenue		17,373			18,214			34,675			34,290
Recognition of current year deferred revenue		(10,718	)		(14,464	)		(20,243	)		(23,134	)
Recognition of prior period deferred revenue		(4,253	)		(6,877	)		(10,376	)		(16,914	)
Balance, end of the period	$	31,281		$	27,256		$	31,281		$	27,256