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Revenue Recognition (Notes) | 3 Months Ended
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Mar. 31, 2026
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer [Text Block] | REVENUE The Company disaggregates revenue from contracts with customers by product, service, timing of revenue recognition, and geography. A summary by the Company’s reportable segments follows:
Three months ended March 31, 2026 | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations |  | Total
Product Revenue | $ | 239,958 |  |  | $ | 38,375 |  |  | $ | 139,730 |  |  | $ | 140,053 |  |  | $ | 126,138 |  |  | $ | 684,254 |
Service Revenue: |  |  |  |  |  |  |  |  |  |  |
Point in time | 80,198 |  |  | 8,952 |  |  | 48,068 |  |  | 8,613 |  |  | 37,001 |  |  | 182,832 |
Over time | 28,391 |  |  | 3,432 |  |  | 27,585 |  |  | 4,857 |  |  | 15,776 |  |  | 80,041 |
Total | $ | 348,547 |  |  | $ | 50,759 |  |  | $ | 215,383 |  |  | $ | 153,523 |  |  | $ | 178,915 |  |  | $ | 947,127 |
Three months ended March 31, 2025 | U.S. Operations |  | Swiss Operations |  | Western European Operations |  | Chinese Operations |  | Other Operations |  | Total
Product Revenue | $ | 247,067 |  |  | $ | 36,298 |  |  | $ | 124,850 |  |  | $ | 128,197 |  |  | $ | 113,538 |  |  | $ | 649,950 |
Service Revenue: |  |  |  |  |  |  |  |  |  |  |
Point in time | 73,330 |  |  | 8,248 |  |  | 42,476 |  |  | 8,822 |  |  | 29,915 |  |  | 162,791 |
Over time | 25,361 |  |  | 2,756 |  |  | 23,043 |  |  | 4,149 |  |  | 15,694 |  |  | 71,003 |
Total | $ | 345,758 |  |  | $ | 47,302 |  |  | $ | 190,369 |  |  | $ | 141,168 |  |  | $ | 159,147 |  |  | $ | 883,744 |
A breakdown of net sales to external customers by geographic customer destination for the three months ended March 31 follows:
| 2026 |  | 2025
Americas | $ | 389,339 |  |  | $ | 377,916 |
Europe | 278,686 |  |  | 247,975 |
Asia / Rest of World | 279,102 |  |  | 257,853 |
Total | $ | 947,127 |  |  | $ | 883,744 |
The Company's global revenue mix by product category is laboratory (55% of sales), industrial (40% of sales) and retail (5% of sales). The Company's product revenue by reportable segment is proportionately similar to the Company's global revenue mix except the Company's Swiss Operations is largely comprised of la boratory 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 fo llows:
| 2026 |  | 2025
Laboratory | $ | 524,581 |  |  | $ | 500,224 |
Industrial | 374,640 |  |  | 341,200 |
Retail | 47,906 |  |  | 42,320 |
Total | $ | 947,127 |  |  | $ | 883,744 |
The payment terms in the Company’s contracts with customers do not exceed one year and therefore contracts do not contain a significant financing component. In most cases, after appropriate credit evaluations, payments are due in arrears and are recognized as receivables. Unbilled revenue is recorded when performance obligations have been satisfied, but not yet billed to the customer. Unbilled revenue as of March 31, 2026 and December 31, 2025 was $42.9 million and $32.3 million, respectively, and is included within accounts receivable. Deferred revenue and customer prepayments are recorded when cash payments are received or due in advance of the performa nce obligation being satisfied. Deferred revenue primarily includes prepaid service contracts, as well as deferred installation. Changes in the components of deferred revenue and customer prepayments during the periods ended March 31, 2026 and 2025 are as follows:
| 2026 |  | 2025
Beginning balances as of January 1 | $ | 229,378 |  |  | $ | 204,166 |
Customer pre-payments/deferred revenue | 227,796 |  |  | 193,148 |
Revenue recognized | (193,974) |  |  | (167,672) |
Foreign currency translation | (2,176) |  |  | 3,191 |
Ending balance as of March 31 | $ | 261,024 |  |  | $ | 232,833 |
The Company generally expenses sales commissions when incurred because the contract period is one year or less. These costs are recorded within selling, general, and administrative expenses. The value of unsatisfied performance obligations other than customer prepayments and deferred revenue associated with contracts greater than one year is immaterial.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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