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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2020
Revenue from Contract with Customer [Abstract] |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] |
| 2020 |  | 2019
Beginning balances as of January 1 | $ | 122,489 |  |  | $ | 105,381 |
Customer pre-payments/deferred revenue | 145,168 |  |  | 167,599 |
Revenue recognized | (120,291 | ) |  | (144,303 | )
Foreign currency translation | (2,530 | ) |  | 285 |
Ending balance as of March 31 | $ | 144,836 |  |  | $ | 128,962 |
Disaggregation of Revenue [Table Text Block] |
For the three month ended March 31, 2020 | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations |  | Total
Product Revenue | $ | 177,436 |  |  | $ | 24,276 |  |  | $ | 105,877 |  |  | $ | 90,321 |  |  | $ | 91,424 |  |  | $ | 489,334 |
Service Revenue: |  |  |  |  |  |  |  |  |  |  |
Point in time | 50,234 |  |  | 5,557 |  |  | 31,391 |  |  | 7,106 |  |  | 25,676 |  |  | 119,964 |
Over time | 13,739 |  |  | 2,064 |  |  | 16,057 |  |  | 3,172 |  |  | 4,832 |  |  | 39,864 |
Total | $ | 241,409 |  |  | $ | 31,897 |  |  | $ | 153,325 |  |  | $ | 100,599 |  |  | $ | 121,932 |  |  | $ | 649,162 |
For the three month ended March 31, 2019 | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations |  | Total
Product Revenue | $ | 174,256 |  |  | $ | 26,665 |  |  | $ | 116,555 |  |  | $ | 111,416 |  |  | $ | 95,455 |  |  | $ | 524,347 |
Service Revenue: |  |  |  |  |  |  |  |  |  |  |
Point in time | 49,651 |  |  | 4,951 |  |  | 33,939 |  |  | 7,704 |  |  | 24,018 |  |  | 120,263 |
Over time | 10,743 |  |  | 1,961 |  |  | 15,412 |  |  | 2,603 |  |  | 4,123 |  |  | 34,842 |
Total | $ | 234,650 |  |  | $ | 33,577 |  |  | $ | 165,906 |  |  | $ | 121,723 |  |  | $ | 123,596 |  |  | $ | 679,452 |
A breakdown of net sales to external customers by geographic customer destination for the three months ended March 31 follows:
| 2020 |  | 2019
Americas | $ | 264,824 |  |  | $ | 258,631 |
Europe | 194,828 |  |  | 209,555 |
Asia / Rest of World | 189,510 |  |  | 211,266 |
Total | $ | 649,162 |  |  | $ | 679,452 |
The Company's global revenue mix by product category is laboratory (55% of sales), industrial (39% of sales) and retail (6% of sales). The Company's product revenue by reportable segment is proportionately similar to the Company's global mix except the Company's Swiss Operations is largely comprised of laboratory products, while the Company's Chinese Operations has a slightly higher percentage of industrial products. A breakdown of the Company’s sales by product category for the three months ended March 31 follows:
| 2020 |  | 2019
Laboratory | $ | 357,091 |  |  | $ | 359,732 |
Industrial | 252,355 |  |  | 271,320 |
Retail | 39,716 |  |  | 48,400 |
Total | $ | 649,162 |  |  | $ | 679,452 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
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