Deferred Costs To Obtain Customer Contracts

6 Months Ended

Jul. 02, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

DEFERRED COSTS TO OBTAIN CUSTOMER CONTRACTS

DEFERRED COSTS TO OBTAIN CUSTOMER CONTRACTS

Deferred costs to obtain customer contracts at the end of the second quarter of fiscal 2021 and fiscal year end 2020 were $54.0 million and $51.3 million. These costs are included in Other non-current assets in the Condensed Consolidated Balance Sheets.

Amortization expense related to deferred costs to obtain customer contracts for the second quarter and the first two quarters of fiscal 2021 and 2020 was $6.3 million and $12.4 million and $5.6 million and $11.1 million, respectively. This expense is included in Sales and marketing expenses in the Condensed Consolidated Statements of Income.