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REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Summary of Revenue Disaggregation

Disaggregated revenue by primary geographical market and timing of revenue recognition for the Company’s single product line are as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
			(In thousands)
Primary geographical markets:
U.S.			$	254,576					$	100,791					$	502,358					$	280,391
International			61,481						24,747						115,453						50,692
Total			$	316,057					$	125,538					$	617,811					$	331,083
Timing of revenue recognition:
Products delivered at a point in time			$	302,100					$	114,299					$	590,971					$	308,978
Products and services delivered over time			13,957						11,239						26,840						22,105
Total			$	316,057					$	125,538					$	617,811					$	331,083

Summary of Contract Assets and Contract Liabilities, and Changes in Balances from Contracts with Customers

Receivables, and contract assets and contract liabilities from contracts with customers are as follows:

			June 30, 2021						December 31, 2020
			(In thousands)
Receivables			$	281,154					$	182,165
Short-term contract assets (Prepaid expenses and other assets)			21,135						17,879
Long-term contract assets (Other assets)			63,752						51,986
Short-term contract liabilities (Deferred revenues)			55,084						47,665
Long-term contract liabilities (Deferred revenues)			165,645						125,473

Significant changes in the balances of contract assets (prepaid expenses and other assets) during the period are as follows (in thousands):

Contract Assets
Contract Assets, beginning of period			$	69,865
Amount recognized			(10,255)
Increase			25,277
Contract Assets, end of period			$	84,887

Significant changes in the balances of contract liabilities (deferred revenues) during the period are as follows (in thousands):

Contract Liabilities
Contract Liabilities, beginning of period			$	173,138
Revenue recognized			(33,544)
Increase due to billings			81,135
Contract Liabilities, end of period			$	220,729

Summary of Estimated Revenue Expected to be Recognized in Future Periods

Estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period are as follows:

			June 30, 2021
			(In thousands)
Fiscal year:
2021 (remaining six months)			$	29,069
2022			51,375
2023			45,388
2024			40,157
2025			33,174
Thereafter			21,566
Total			$	220,729

X

- 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=123351226&loc=SL49130551-203045

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X

- 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=123351226&loc=SL49130545-203045

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- References

No definition available.

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X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

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