v3.24.0.1
DEFERRED REVENUES
 12 Months Ended
Dec. 31, 2023
Revenue Recognition and Deferred Revenue [Abstract]  
DEFERRED REVENUES
NOTE 15:       DEFERRED REVENUES
 
Deferred revenues consist of deferred cloud-based monitoring services, communication services, warranty extension services and advance payments received from customers for the Company’s products. Deferred revenues are classified as short-term and long-term deferred revenues based on the period in which revenues are expected to be recognized.
 
Significant changes in the balances of deferred revenues during the period are as follows:
 
   
December 31,
  
   
2023
    
2022
    
2021
  
Balance, at the beginning of the period
  
$
213,577
    
$
169,345
    
$
140,020
  
Revenue recognized
    
(29,650
)
    
(23,017
)
    
(26,093
)
Increase in deferred revenues and customer advances
    
71,516
      
67,249
      
55,418
  
Balance, at the end of the period
    
255,443
      
213,577
      
169,345
  
Less current portion
    
(40,836
)
    
(26,641
)
    
(17,789
)
Long term portion
  
$
214,607
    
$
186,936
    
$
151,556
  
 
The following table includes estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of December 31, 2023:
 
2024
  
$
40,836
  
2025
    
13,786
  
2026
    
13,417
  
2027
    
11,314
  
2028
    
10,084
  
Thereafter
    
166,006
  
Total deferred revenues
  
$
255,443