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Revenue from Contracts with Customers (Tables) | 9 Months Ended
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Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue [Table Text Block] |
For the three months ended September 30, 2022 | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations |  | Total
Product Revenue | $ | 287,948 |  |  | $ | 32,366 |  |  | $ | 129,089 |  |  | $ | 212,163 |  |  | $ | 122,421 |  |  | $ | 783,987 |
Service Revenue: |  |  |  |  |  |  |  |  |  |  |
Point in time | 65,596 |  |  | 6,401 |  |  | 29,071 |  |  | 13,543 |  |  | 30,248 |  |  | 144,859 |
Over time | 20,220 |  |  | 2,205 |  |  | 22,799 |  |  | 4,016 |  |  | 7,760 |  |  | 57,000 |
Total | $ | 373,764 |  |  | $ | 40,972 |  |  | $ | 180,959 |  |  | $ | 229,722 |  |  | $ | 160,429 |  |  | $ | 985,846 |
For the three months ended September 30, 2021 | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations |  | Total
Product Revenue | $ | 263,885 |  |  | $ | 33,612 |  |  | $ | 142,318 |  |  | $ | 193,727 |  |  | $ | 127,302 |  |  | $ | 760,844 |
Service Revenue: |  |  |  |  |  |  |  |  |  |  |
Point in time | 56,325 |  |  | 6,092 |  |  | 37,524 |  |  | 12,680 |  |  | 30,120 |  |  | 142,741 |
Over time | 16,498 |  |  | 2,146 |  |  | 18,790 |  |  | 4,053 |  |  | 6,878 |  |  | 48,365 |
Total | $ | 336,708 |  |  | $ | 41,850 |  |  | $ | 198,632 |  |  | $ | 210,460 |  |  | $ | 164,300 |  |  | $ | 951,950 |
For the nine months ended September 30, 2022 | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations |  | Total
Product Revenue | $ | 816,193 |  |  | $ | 99,567 |  |  | $ | 404,060 |  |  | $ | 593,283 |  |  | $ | 357,742 |  |  | $ | 2,270,845 |
Service Revenue: |  |  |  |  |  |  |  |  |  |  |
Point in time | 190,340 |  |  | 20,072 |  |  | 97,250 |  |  | 34,578 |  |  | 89,390 |  |  | 431,630 |
Over time | 54,197 |  |  | 6,665 |  |  | 62,798 |  |  | 14,376 |  |  | 21,513 |  |  | 159,549 |
Total | $ | 1,060,730 |  |  | $ | 126,304 |  |  | $ | 564,108 |  |  | $ | 642,237 |  |  | $ | 468,645 |  |  | $ | 2,862,024 |
For the nine months ended September 30, 2021 | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations |  | Total
Product Revenue | $ | 721,744 |  |  | $ | 95,797 |  |  | $ | 424,904 |  |  | $ | 525,855 |  |  | $ | 355,945 |  |  | $ | 2,124,245 |
Service Revenue: |  |  |  |  |  |  |  |  |  |  |
Point in time | 162,409 |  |  | 19,517 |  |  | 110,243 |  |  | 34,655 |  |  | 87,708 |  |  | 414,532 |
Over time | 47,824 |  |  | 6,653 |  |  | 57,557 |  |  | 11,545 |  |  | 18,335 |  |  | 141,914 |
Total | $ | 931,977 |  |  | $ | 121,967 |  |  | $ | 592,704 |  |  | $ | 572,055 |  |  | $ | 461,988 |  |  | $ | 2,680,691 |
A summary of revenue by major geographic destination for the three and nine months ended September 30 follows:
| Three Months Ended |  | Nine Months Ended
| 2022 |  | 2021 |  | 2022 |  | 2021
Americas | $ | 408,207 |  |  | $ | 367,278 |  |  | $ | 1,154,602 |  |  | $ | 1,024,033 |
Europe | 228,145 |  |  | 258,925 |  |  | 720,667 |  |  | 760,491 |
Asia / Rest of World | 349,494 |  |  | 325,747 |  |  | 986,755 |  |  | 896,167 |
Total | $ | 985,846 |  |  | $ | 951,950 |  |  | $ | 2,862,024 |  |  | $ | 2,680,691 |
The Company's global revenue mix by product category is comprised of laboratory (56% of sales), industrial (39% of sales) and retail (5% 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 summary of the Company’s revenue by product category for the three and nine months ended September 30 is as follows:
| Three Months Ended |  | Nine Months Ended
| 2022 |  | 2021 |  | 2022 |  | 2021
Laboratory | $ | 555,112 |  |  | $ | 536,489 |  |  | $ | 1,614,586 |  |  | $ | 1,487,222 |
Industrial | 386,543 |  |  | 370,505 |  |  | 1,114,454 |  |  | 1,049,295 |
Retail | 44,191 |  |  | 44,956 |  |  | 132,984 |  |  | 144,174 |
Total | $ | 985,846 |  |  | $ | 951,950 |  |  | $ | 2,862,024 |  |  | $ | 2,680,691 |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] |
|  | 2022 |  | 2021
Beginning balances as of January 1 |  | $ | 192,648 |  |  | $ | 149,106 |
Customer pre-payments/deferred revenue |  | 545,997 |  |  | 496,437 |
Revenue recognized |  | (523,022) |  |  | (446,775) |
Foreign currency translation |  | (17,444) |  |  | (3,534) |
Ending balance as of September 30 |  | $ | 198,179 |  |  | $ | 195,234 |

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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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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