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REVENUE RECOGNITION (Tables) | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule 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,
|  |  |  |  | 2025 |  | 2024 |  |
|  |  |  |  | (In thousands)
Primary geographical markets: |  |  |  |  |  |  |  |  |
United States |  |  |  |  | $ | 263,238 |  |  | $ | 149,974 |  |  |
International |  |  |  |  | 92,846 |  |  | 113,365 |  |  |
Total |  |  |  |  | $ | 356,084 |  |  | $ | 263,339 |  |  |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |
Products delivered at a point in time |  |  |  |  | $ | 322,886 |  |  | $ | 233,145 |  |  |
Products and services delivered over time |  |  |  |  | 33,198 |  |  | 30,194 |  |  |
Total |  |  |  |  | $ | 356,084 |  |  | $ | 263,339 |  |  |
Schedule of Contract Assets and Contract Liabilities, and Changes in Balances from Contracts with Customers | Accounts receivable, and contract assets and contract liabilities from contracts with customers, are as follows:
| March 31, 2025 |  | December 31, 2024
| (In thousands)
Accounts receivable | $ | 225,625 |  |  | $ | 223,749 |
Short-term contract assets (Prepaid expenses and other current assets) | 42,098 |  |  | 42,001 |
Long-term contract assets (Other assets) | 108,403 |  |  | 110,954 |
Short-term contract liabilities (Deferred revenues, current) | 167,771 |  |  | 237,225 |
Long-term contract liabilities (Deferred revenues, non-current) | 333,704 |  |  | 341,982 |
Significant changes in the balances of contract assets (prepaid expenses and other current assets) as of March 31, 2025 are as follows (in thousands):
Contract Assets |
Contract Assets, beginning of period | $ | 152,955 |
Amount recognized | (9,879) |
Increased due to billings | 7,425 |
Contract Assets, end of period | $ | 150,501 |
Significant changes in contract liabilities (deferred revenues) as of March 31, 2025 are as follows (in thousands):
Contract Liabilities |
Contract Liabilities, beginning of period | $ | 579,207 |
Revenue recognized | (103,106) |
Increased due to billings | 25,374 |
Contract Liabilities, end of period | $ | 501,475 |
Schedule 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, 2025
| (In thousands)
Fiscal year: |
2025 (remaining nine months) | $ | 138,025 |
2026 | 113,805 |
2027 | 93,659 |
2028 | 72,391 |
2029 | 47,931 |
Thereafter | 35,664 |
Total | $ | 501,475 |

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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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