XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.23.3

Revenue Recognition | 9 Months Ended
--- | ---
Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition Performance Obligations Outstanding The Company's performance obligations outstanding represent the transaction price of firm, non-cancellable orders, with expected delivery dates to customers after September 30, 2023 and December 31, 2022, respectively, for work that has not yet been performed. The aggregate incomplete performance obligations attributable to each of the Company's reporting segments is as follows:
| September 30, 2023 |  | December 31, 2022
| Current under one year |  | Non-current over one year |  | Current under one year |  | Non-current over one year
Restaurant/Retail | $ | 8,070 |  |  | $ | 4,329 |  |  | $ | 8,459 |  |  | $ | 5,125 |
Government | — |  |  | — |  |  | — |  |  | — |
Total | $ | 8,070 |  |  | $ | 4,329 |  |  | $ | 8,459 |  |  | $ | 5,125 |
Deferred revenue is recorded when cash payments are received or due in advance of revenue recognition from subscription services and professional services. The timing of revenue recognition may differ from when customers are invoiced. The changes in deferred revenue, inclusive of both current and long-term, are as follows:
(in thousands) | 2023 |  | 2022
Beginning balance - January 1 | $ | 13,584 |  |  | $ | 20,046 |
Acquired deferred revenue (Note 3) | — |  |  | 443 |
Recognition of deferred revenue | (19,074) |  |  | (28,493) |
Deferral of revenue | 17,889 |  |  | 24,837 |
Ending balance - September 30 | $ | 12,399 |  |  | $ | 16,833 |
The above tables exclude customer deposits of $2.0 million and $1.7 million as of the nine months ended September 30, 2023 and 2022, respectively. All deferred revenue relates to subscription services and professional services. These balances are recognized on a straight-line basis over the life of the contract, with the majority of the balance being recognized within the next twelve months. In the Restaurant/Retail segment most performance obligations relate to subscription service and professional service contracts, approximately 65% of which the Company expects to fulfill within 12 months of September 30, 2023. Most performance obligations greater than one year relate to professional service contracts that the Company expects to fulfill within 36 months of September 30, 2023. The Company expects to fulfill 100% of subscription service and professional service contracts within 60 months of September 30, 2023. At September 30, 2023 and December 31, 2022, transaction prices allocated to future performance obligations were $12.4 million and $13.6 million, respectively. During the three months ended September 30, 2023 and 2022, the Company recognized revenue included in deferred revenue at the beginning of each respective period of $2.7 million and $3.1 million. During the nine months ended September 30, 2023 and 2022, the Company recognized revenue included in deferred revenue at the beginning of each respective period of $8.7 million and $12.7 million. In the Government segment, the value of existing contracts at September 30, 2023, net of amounts relating to work performed to that date, was approximately $327.5 million, of which $88.3 million was funded, and at December 31, 2022, the value of existing contracts, net of amounts relating to work performed to that date, was approximately $333.9 million, of which $86.5 million was funded. The value of existing contracts in the Government segment, net of amounts relating to work performed at September 30, 2023, is expected to be recognized as revenue over time as follows:
(in thousands) |
Next 12 months | $ | 169,076 |
Months 13-24 | 127,274 |
Months 25-36 | 16,631 |
Thereafter | 14,504 |
Total | $ | 327,485 |
Disaggregated Revenue The Company disaggregates revenue from contracts with customers by major product line for each of its reporting segments because the Company believes it best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by contract terms and economic factors. Disaggregated revenue is as follows:
| Three Months Ended September 30, 2023
(in thousands) | Restaurant/Retail point in time |  | Restaurant/Retail over time |  | Government point in time |  | Government over time
Hardware | $ | 25,824 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Subscription service | — |  |  | 31,363 |  |  | — |  |  | — |
Professional service | 4,272 |  |  | 7,242 |  |  | — |  |  | — |
Mission systems | — |  |  | — |  |  | — |  |  | 8,808 |
Intelligence, surveillance, and reconnaissance solutions | — |  |  | — |  |  | — |  |  | 29,275 |
Commercial software | — |  |  | — |  |  | 190 |  |  | 160 |
Total | $ | 30,096 |  |  | $ | 38,605 |  |  | $ | 190 |  |  | $ | 38,243 |
| Three Months Ended September 30, 2022
(in thousands) | Restaurant/Retail point in time |  | Restaurant/Retail over time |  | Government point in time |  | Government over time
Hardware | $ | 31,343 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Subscription service | — |  |  | 25,170 |  |  | — |  |  | — |
Professional service | 4,276 |  |  | 7,564 |  |  | — |  |  | — |
Mission systems | — |  |  | — |  |  | — |  |  | 8,982 |
Intelligence, surveillance, and reconnaissance solutions | — |  |  | — |  |  | — |  |  | 14,710 |
Commercial software | — |  |  | — |  |  | 541 |  |  | 181 |
Total | $ | 35,619 |  |  | $ | 32,734 |  |  | $ | 541 |  |  | $ | 23,873 |
| Nine Months Ended September 30, 2023
| Restaurant/Retail point in time |  | Restaurant/Retail over time |  | Government point in time |  | Government over time
Hardware | $ | 78,991 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Subscription service | — |  |  | 89,700 |  |  | — |  |  | — |
Professional service | 16,467 |  |  | 21,656 |  |  | — |  |  | — |
Mission systems | — |  |  | — |  |  | — |  |  | 27,408 |
Intelligence, surveillance, and reconnaissance solutions | — |  |  | — |  |  | — |  |  | 73,000 |
Commercial software | — |  |  | — |  |  | 401 |  |  | 492 |
Total | $ | 95,458 |  |  | $ | 111,356 |  |  | $ | 401 |  |  | $ | 100,900 |
| Nine Months Ended September 30, 2022
| Restaurant/Retail point in time |  | Restaurant/Retail over time |  | Government point in time |  | Government over time
Hardware | $ | 84,820 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Subscription service | — |  |  | 69,591 |  |  | — |  |  | — |
Professional service | 13,117 |  |  | 23,842 |  |  | — |  |  | — |
Mission systems | — |  |  | — |  |  | — |  |  | 26,781 |
Intelligence, surveillance, and reconnaissance solutions | — |  |  | — |  |  | — |  |  | 38,746 |
Commercial software | — |  |  | — |  |  | 753 |  |  | 495 |
Total | $ | 97,937 |  |  | $ | 93,433 |  |  | $ | 753 |  |  | $ | 66,022 |

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration