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REVENUE RECOGNITION (Tables)

9 Months Ended

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

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
-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

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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
-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

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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
-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

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