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Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2020
Revenue From Contract With Customer [Abstract]  
Revenue from Contracts with Customers

4)

Revenue from Contracts with Customers

Contract assets as of June 30, 2020 and December 31, 2019 were $3.5 and $3.5, respectively, and are included in other current assets.  

A rollforward of the Company’s deferred revenue and customer advances is as follows:

 

 

 

Six Months Ended

June 30, 2020

 

 

Six Months Ended

June 30, 2019

 

Beginning balance, January 1(1)

 

$

24.8

 

 

$

17.5

 

Deferred revenue and customer advances assumed in ESI Merger

 

 

—

 

 

 

4.6

 

Additions to deferred revenue and customer advances

 

 

46.6

 

 

 

34.8

 

Amount of deferred revenue and customer advances recognized in income

 

 

(38.0

)

 

 

(27.4

)

Ending balance, June 30(2)

 

$

33.4

 

 

$

29.5

 

 

 

(1)

Beginning deferred revenue and customer advances as of January 1, 2020 included $12.4 of current deferred revenue, $3.3 of long-term deferred revenue and $9.1 of current customer advances.

 

(2)

Ending deferred revenue and customer advances as of June 30, 2020 included $18.5 of current deferred revenue, $4.7 of long-term deferred revenue and $10.2 of current customer advances.

Disaggregation of Revenue

The following table summarizes revenue from contracts with customers:

 

 

 

Three Months Ended June 30, 2020

 

 

 

Vacuum &

Analysis

 

 

Light &

Motion

 

 

Equipment &

Solutions

 

 

Total

 

Net revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

273.4

 

 

$

150.7

 

 

$

48.9

 

 

$

473.0

 

Services

 

 

41.1

 

 

 

15.3

 

 

 

14.9

 

 

 

71.3

 

Total net revenues

 

$

314.5

 

 

$

166.0

 

 

$

63.8

 

 

$

544.3

 

 

 

 

Three Months Ended June 30, 2019

 

 

 

Vacuum &

Analysis

 

 

Light &

Motion

 

 

Equipment &

Solutions

 

 

Total

 

Net revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

191.8

 

 

$

167.3

 

 

$

42.2

 

 

$

401.3

 

Services

 

 

43.9

 

 

 

15.2

 

 

 

13.7

 

 

 

72.8

 

Total net revenues

 

$

235.7

 

 

$

182.5

 

 

$

55.9

 

 

$

474.1

 

 

 

 

Six Months Ended June 30, 2020

 

 

 

Vacuum &

Analysis

 

 

Light &

Motion

 

 

Equipment &

Solutions

 

 

Total

 

Net revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

549.6

 

 

$

300.4

 

 

$

84.2

 

 

$

934.2

 

Services

 

 

84.2

 

 

 

31.0

 

 

 

30.6

 

 

 

145.8

 

Total net revenues

 

$

633.8

 

 

$

331.4

 

 

$

114.8

 

 

$

1,080.0

 

 

 

 

Six Months Ended June 30, 2019

 

 

 

Vacuum &

Analysis

 

 

Light &

Motion

 

 

Equipment &

Solutions

 

 

Total

 

Net revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Products

 

$

384.4

 

 

$

346.1

 

 

$

68.2

 

 

$

798.7

 

Services

 

 

85.6

 

 

 

30.5

 

 

 

22.9

 

 

 

139.0

 

Total net revenues

 

$

470.0

 

 

$

376.6

 

 

$

91.1

 

 

$

937.7

 

 

Product revenue, excluding revenue from certain custom products, is recorded at a point in time, while the majority of the service revenue and revenue from certain custom products is recorded over time.

Refer to Note 17 for revenue by reportable segment, geography and product and service offerings.