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REVENUE RECOGNITION (Tables) | 12 Months Ended
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Dec. 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:
|  |  | Years Ended December 31,
|  |  |  |  | 2023 |  | 2022 |  | 2021
|  |  |  |  | (In thousands)
Primary geographical markets: |  |  |  |  |  |  |  |  |
U.S. |  |  |  |  | $ | 1,469,108 |  |  | $ | 1,761,846 |  |  | $ | 1,108,801 |
International |  |  |  |  | 821,678 |  |  | 569,007 |  |  | 273,248 |
Total |  |  |  |  | $ | 2,290,786 |  |  | $ | 2,330,853 |  |  | $ | 1,382,049 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |
Products delivered at a point in time |  |  |  |  | $ | 2,181,099 |  |  | $ | 2,253,645 |  |  | $ | 1,323,960 |
Products and services delivered over time |  |  |  |  | 109,687 |  |  | 77,208 |  |  | 58,089 |
Total |  |  |  |  | $ | 2,290,786 |  |  | $ | 2,330,853 |  |  | $ | 1,382,049 |
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:
| December 31, 2023 |  | December 31, 2022
| (In thousands)
Receivables | $ | 445,959 |  |  | $ | 440,896 |
Short-term contract assets (Prepaid expenses and other assets) | 40,241 |  |  | 32,130 |
Long-term contract assets (Other assets) | 124,190 |  |  | 100,991 |
Short-term contract liabilities (Deferred revenues, current) | 118,300 |  |  | 90,747 |
Long-term contract liabilities (Deferred revenues, non-current) | 369,172 |  |  | 281,613 |
Significant changes in the balances of contract assets (prepaid expenses and other assets) as of December 31, 2023 are as follows (in thousands):
Contract Assets |
Contract Assets, beginning of period | $ | 133,121 |
Amount recognized | (38,011) |
Increased due to shipments | 69,321 |
Contract Assets, end of period | $ | 164,431 |
Significant changes in the balances of contract liabilities (deferred revenues) as of December 31, 2023 are as follows (in thousands):
Contract Liabilities |
Contract Liabilities, beginning of period | $ | 372,360 |
Revenue recognized | (109,687) |
Increased due to billings | 224,799 |
Contract Liabilities, end of period | $ | 487,472 |
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:
| December 31, 2023
| (In thousands)
Fiscal year: |
2024 | $ | 118,300 |
2025 | 109,877 |
2026 | 93,948 |
2027 | 74,273 |
2028 | 52,939 |
Thereafter | 38,135 |
Total | $ | 487,472 |

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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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