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REVENUE RECOGNITION (Tables) | 3 Months Ended
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Mar. 31, 2023
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 March 31,
|  |  |  |  | 2023 |  | 2022
|  |  |  |  | (In thousands)
Primary geographical markets: |  |  |  |  |  |  |
U.S. |  |  |  |  | $ | 472,961 |  |  | $ | 369,492 |
International |  |  |  |  | 253,055 |  |  | 71,800 |
Total |  |  |  |  | $ | 726,016 |  |  | $ | 441,292 |
Timing of revenue recognition: |  |  |  |  |  |  |
Products delivered at a point in time |  |  |  |  | $ | 701,652 |  |  | $ | 424,149 |
Products and services delivered over time |  |  |  |  | 24,364 |  |  | 17,143 |
Total |  |  |  |  | $ | 726,016 |  |  | $ | 441,292 |
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:
| March 31, 2023 |  | December 31, 2022
| (In thousands)
Receivables | $ | 516,106 |  |  | $ | 440,896 |
Short-term contract assets (Prepaid expenses and other assets) | 34,127 |  |  | 32,120 |
Long-term contract assets (Other assets) | 114,104 |  |  | 100,991 |
Short-term contract liabilities (Deferred revenues, current) | 99,819 |  |  | 90,747 |
Long-term contract liabilities (Deferred revenues, non-current) | 322,487 |  |  | 281,613 |
Significant changes in the balances of contract assets (prepaid expenses and other assets) as of March 31, 2023 are as follows (in thousands):
Contract Assets |
Contract Assets, beginning of period | $ | 133,121 |
Amount recognized | (8,808) |
Increased due to shipments | 23,918 |
Contract Assets, end of period | $ | 148,231 |
Significant changes in the balances of contract liabilities (deferred revenues) as of March 31, 2023 are as follows (in thousands):
Contract Liabilities |
Contract Liabilities, beginning of period | $ | 372,360 |
Revenue recognized | (24,364) |
Increased due to billings | 74,310 |
Contract Liabilities, end of period | $ | 422,306 |
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:
| March 31, 2023
| (In thousands)
Fiscal year: |
2023 (remaining nine months) | $ | 75,245 |
2024 | 94,602 |
2025 | 87,103 |
2026 | 71,195 |
2027 | 51,548 |
Thereafter | 42,613 |
Total | $ | 422,306 |

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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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