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REVENUE RECOGNITION (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands)
Primary geographical markets: |  |  |  |  |  |  |
U.S. | $ | 350,447 |  |  | $ | 451,787 |  |  | $ | 1,240,990 |  |  | $ | 1,243,907 |
International | 200,635 |  |  | 182,926 |  |  | 747,226 |  |  | 362,294 |
Total | $ | 551,082 |  |  | $ | 634,713 |  |  | $ | 1,988,216 |  |  | $ | 1,606,201 |
Timing of revenue recognition: |  |  |  |  |  |  |
Products delivered at a point in time | $ | 522,419 |  |  | $ | 614,928 |  |  | $ | 1,908,193 |  |  | $ | 1,550,942 |
Products and services delivered over time | 28,663 |  |  | 19,785 |  |  | 80,023 |  |  | 55,259 |
Total | $ | 551,082 |  |  | $ | 634,713 |  |  | $ | 1,988,216 |  |  | $ | 1,606,201 |
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:
| September 30, 2023 |  | December 31, 2022
| (In thousands)
Receivables | $ | 560,286 |  |  | $ | 440,896 |
Short-term contract assets (Prepaid expenses and other assets) | 39,518 |  |  | 32,130 |
Long-term contract assets (Other assets) | 125,972 |  |  | 100,991 |
Short-term contract liabilities (Deferred revenues, current) | 114,031 |  |  | 90,747 |
Long-term contract liabilities (Deferred revenues, non-current) | 366,032 |  |  | 281,613 |
Significant changes in the balances of contract assets (prepaid expenses and other assets) as of September 30, 2023 are as follows (in thousands):
Contract Assets |
Contract Assets, beginning of period | $ | 133,121 |
Amount recognized | (27,564) |
Increased due to shipments | 59,933 |
Contract Assets, end of period | $ | 165,490 |
Significant changes in the balances of contract liabilities (deferred revenues) as of September 30, 2023 are as follows (in thousands):
Contract Liabilities |
Contract Liabilities, beginning of period | $ | 372,360 |
Revenue recognized | (80,023) |
Increased due to billings | 187,726 |
Contract Liabilities, end of period | $ | 480,063 |
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:
| September 30, 2023
| (In thousands)
Fiscal year: |
2023 (remaining three months) | $ | 29,240 |
2024 | 112,125 |
2025 | 103,985 |
2026 | 88,345 |
2027 | 68,755 |
Thereafter | 77,613 |
Total | $ | 480,063 |

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + 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 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
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