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REVENUE RECOGNITION (Tables) | 6 Months Ended
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Jun. 30, 2022
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,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (In thousands)
Primary geographical markets: |  |  |  |  |  |  |
U.S. | $ | 422,628 |  |  | $ | 254,576 |  |  | $ | 792,120 |  |  | $ | 502,358 |
International | 107,568 |  |  | 61,481 |  |  | 179,368 |  |  | 115,453 |
Total | $ | 530,196 |  |  | $ | 316,057 |  |  | $ | 971,488 |  |  | $ | 617,811 |
Timing of revenue recognition: |  |  |  |  |  |  |
Products delivered at a point in time | $ | 511,865 |  |  | $ | 302,100 |  |  | $ | 936,014 |  |  | $ | 590,971 |
Products and services delivered over time | 18,331 |  |  | 13,957 |  |  | 35,474 |  |  | 26,840 |
Total | $ | 530,196 |  |  | $ | 316,057 |  |  | $ | 971,488 |  |  | $ | 617,811 |
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, 2022 |  | December 31, 2021
| (In thousands)
Receivables | $ | 312,451 |  |  | $ | 333,626 |
Short-term contract assets (Prepaid expenses and other assets) | 26,537 |  |  | 23,508 |
Long-term contract assets (Other assets) | 78,139 |  |  | 69,583 |
Short-term contract liabilities (Deferred revenues, current) | 74,067 |  |  | 62,670 |
Long-term contract liabilities (Deferred revenues, non-current) | 217,095 |  |  | 187,186 |
Significant changes in the balances of contract assets (prepaid expenses and other assets) as of June 30, 2022 are as follows (in thousands):
Contract Assets |
Contract Assets, beginning of period | $ | 93,091 |
Amount recognized | (13,156) |
Increase | 24,741 |
Contract Assets, end of period | $ | 104,676 |
Significant changes in the balances of contract liabilities (deferred revenues) as of June 30, 2022 are as follows (in thousands):
Contract Liabilities |
Contract Liabilities, beginning of period | $ | 249,856 |
Revenue recognized | (35,474) |
Increase due to billings | 76,780 |
Contract Liabilities, end of period | $ | 291,162 |
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, 2022
| (In thousands)
Fiscal year: |
2022 (remaining six months) | $ | 38,983 |
2023 | 68,667 |
2024 | 62,924 |
2025 | 55,770 |
2026 | 40,141 |
Thereafter | 24,677 |
Total | $ | 291,162 |

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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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- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
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