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Revenue From Contracts With Customers (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Sales by Application
Materials processing			$	312,546					$	346,045					$	994,866					$	1,008,939
Other applications			36,460						33,105						101,142						87,454
Total			$	349,006					$	379,150					$	1,096,008					$	1,096,393

Sales by Product
High Power Continuous Wave ("CW") Lasers			$	152,767					$	177,787					$	483,455					$	538,013
Medium Power CW Lasers			20,639						24,520						63,230						58,579
Pulsed Lasers			55,216						59,051						192,000						176,219
Quasi-Continuous Wave ("QCW") Lasers			11,353						16,312						38,212						45,503
Laser and Non-Laser Systems			35,930						32,523						108,970						89,236
Other Revenue including Amplifiers, Service, Parts, Accessories and Change in Deferred Revenue			73,101						68,957						210,141						188,843
Total			$	349,006					$	379,150					$	1,096,008					$	1,096,393

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Sales by Geography
North America			$	82,119					$	81,605					$	247,495					$	221,123
Europe:
Germany			20,622						26,832						70,831						74,840
Other including Eastern Europe/CIS			72,332						79,777						227,739						212,709
Asia and Australia:
China			117,952						137,211						385,080						436,119
Japan			11,220						14,286						38,847						35,485
Other			39,130						35,844						111,500						106,608
Rest of World			5,631						3,595						14,516						9,509
Total			$	349,006					$	379,150					$	1,096,008					$	1,096,393

Timing of Revenue Recognition
Goods and services transferred at a point in time			$	337,648					$	364,677					$	1,056,318					$	1,054,554
Goods and services transferred over time			11,358						14,473						39,690						41,839
Total			$	349,006					$	379,150					$	1,096,008					$	1,096,393

Changes in Contract Assets and Liabilities

The following table reflects the changes in the Company's contract assets and liabilities for the nine months ended September 30, 2022 and 2021:

			September 30,						January 1,												September 30,						January 1,
			2022						2022						Change						2021						2021						Change
Contract assets
Contract assets			$	8,995					$	9,345					$	(350)					$	7,510					$	8,999					$	(1,489)
Contract liabilities
Contract liabilities - current			81,868						89,659						(7,791)						80,694						71,246						9,448
Contract liabilities - long-term			2,711						2,691						20						2,737						2,189						548

Schedule of Remaining Performance Obligations

The following table represents the Company's remaining performance obligations from contracts that are recognized over time as of September 30, 2022:

						Remaining Performance Obligations
						2022 (a)						2023						2024						2025						2026						Thereafter						Total
Revenue expected to be recognized for extended warranty agreements						$	1,571					$	3,181					$	976					$	729					$	364					$	92					$	6,913
Revenue to be earned over time from contracts to sell large scale materials processing systems						9,282						13,095						5,151						—						—						—						27,528
Total						$	10,853					$	16,276					$	6,127					$	729					$	364					$	92					$	34,441

(a) For the three-month period beginning October 1, 2022.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

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