Revenue Recognition (Tables)

3 Months Ended

Mar. 30, 2024

Revenue from Contract with Customer [Abstract]

Summary of Activity of Deferred Revenue and Customer Advances

The following is a summary of the activity of the Company’s deferred revenue and customer advances for the three months ended March 30, 2024 and April 1, 2023 (in thousands):


	March 30, 2024			April 1, 2023
Balance at the beginning of the period	$	323,516		$	285,175
Recognition of revenue included in balance at beginning of the period		(103,996	)		(105,222	)
Revenue deferred during the period, net of revenue recognized		187,525			193,286

Balance at the end of the period	$	407,045		$	373,239

Schedule of Amount of Deferred Revenue and Customer Advances

The amount of deferred revenue and customer advances equals the transaction price allocated to unfulfilled performance obligations for the period presented. Such amounts are expected to be recognized in the future as follows (in thousands):


	March 30, 2024
Deferred revenue and customer advances expected to be recognized in:
One year or less	$	336,718
13-24 months		42,162
25 months and beyond		28,165

Total	$	407,045