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REVENUE RECOGNITION (Tables)

6 Months Ended

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

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

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