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REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 30, 2024

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,
			2024						2023						2024						2023
			(In thousands)
Primary geographical markets:
United States			$	284,033					$	350,447					$	632,719					$	1,240,990
International			96,840						200,635						314,951						747,226
Total			$	380,873					$	551,082					$	947,670					$	1,988,216
Timing of revenue recognition:
Products delivered at a point in time			$	348,669					$	522,419					$	854,406					$	1,908,193
Products and services delivered over time			32,204						28,663						93,264						80,023
Total			$	380,873					$	551,082					$	947,670					$	1,988,216

Summary of Contract Assets and Contract Liabilities, and Changes in Balances from Contracts with Customers

Accounts receivables, and contract assets and contract liabilities from contracts with customers, are as follows:

			September 30, 2024						December 31, 2023
			(In thousands)
Accounts receivables			$	232,225					$	445,959
Short-term contract assets (Prepaid expenses and other assets)			42,582						40,241
Long-term contract assets (Other assets)			117,457						124,190
Short-term contract liabilities (Deferred revenues, current)			129,556						118,300
Long-term contract liabilities (Deferred revenues, non-current)			354,210						369,172

Significant changes in the balances of contract assets (prepaid expenses and other assets) as of September 30, 2024 are as follows (in thousands):

Contract Assets
Contract Assets, beginning of period			$	164,431
Amount recognized			(32,336)
Increased due to billings			27,944
Contract Assets, end of period			$	160,039

Significant changes in the balances of contract liabilities (deferred revenues) as of September 30, 2024 are as follows (in thousands):

Contract Liabilities
Contract Liabilities, beginning of period			$	487,472
Revenue recognized			(93,265)
Increased due to billings			89,559
Contract Liabilities, end of period			$	483,766

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, 2024
			(In thousands)
Fiscal year:
2024 (remaining three months)			$	35,112
2025			124,071
2026			106,829
2027			87,140
2028			65,775
Thereafter			64,839
Total			$	483,766

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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