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Revenue From Contracts With Customers (Tables)

3 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables represent a disaggregation of revenue from contracts with customers:

			Three Months Ended March 31,
			2021						2020
Sales by Application
Materials processing			$	317,241					$	218,074
Other applications			28,344						31,168
Total			$	345,585					$	249,242

Sales by Product
High Power Continuous Wave ("CW") Lasers			$	170,482					$	119,316
Medium Power CW Lasers			15,882						11,253
Pulsed Lasers			55,395						31,839
Quasi-Continuous Wave ("QCW") Lasers			13,666						9,873
Laser and Non-Laser Systems			27,116						18,634
Other Revenue including Amplifiers, Service, Parts, Accessories and Change in Deferred Revenue			63,044						58,327
Total			$	345,585					$	249,242

			Three Months Ended March 31,
			2021						2020
Sales by Geography
North America			$	73,384					$	67,339
Europe:
Germany			26,260						17,411
Other including Eastern Europe/CIS			58,593						57,232
Asia and Australia:
China			139,833						68,599
Japan			10,877						13,685
Other			33,110						22,823
Rest of World			3,528						2,153
Total			$	345,585					$	249,242

Timing of Revenue Recognition
Goods and services transferred at a point in time			$	332,532					$	233,436
Goods and services transferred over time			13,053						15,806
Total			$	345,585					$	249,242

Changes in Contract Assets and Liabilities

The following table reflects the changes in the Company's contract assets and liabilities for the three months ended March 31, 2021 and 2020:

			March 31,						December 31,												March 31,						December 31,
			2021						2020						Change						2020						2019						Change
Contract assets
Contract assets			$	7,670					$	8,999					$	(1,329)					$	8,646					$	9,645					$	(999)
Contract liabilities
Contract liabilities - current			69,526						71,246						(1,720)						62,499						59,531						2,968
Contract liabilities - long-term			2,549						2,189						360						2,377						1,820						557

Schedule of Remaining Performance Obligations

The following table represents the Company's remaining performance obligations from contracts that are recognized over time as of March 31, 2021:

						Remaining Performance Obligations
						2021 (a)						2022						2023						2024						2025						Thereafter						Total
Revenue expected to be recognized for extended warranty agreements						$	3,385					$	1,493					$	842					$	589					$	263					$	27					$	6,599
Revenue to be earned over time from contracts to sell robotic systems						15,350						1,405						—						—						—						—						16,755
Total						$	18,735					$	2,898					$	842					$	589					$	263					$	27					$	23,354

(a) For the nine-month period beginning April 1, 2021.

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

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