Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2022

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 twelve months ended December 31, 2022, 2021 and 2020

(in thousands):


	December 31,
	2022			2021			2020
Balance at the beginning of the period	$	273,598		$	239,759		$	213,695
Recognition of revenue included in balance at beginning of the period		(230,615	)		(216,920	)		(198,209	)
Revenue deferred during the period, net of revenue recognized		242,192			250,759			224,273

Balance at the end of the period	$	285,175		$	273,598		$	239,759

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):


	December 31, 2022
Deferred revenue and customer advances expected to be recognized in:
One year or less	$	227,908
13-24 months		34,018
25 months and beyond		23,249

Total	$	285,175