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Revenue (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following tables illustrate the disaggregation of revenue by geographic area, groups of similar products and services and sales channels: Net sales by geographic area
| Three Months Ended March 31,
| 2024 |  | 2023
Americas | $ | 215.6 |  |  | $ | 204.4 |
Europe, Middle East and Africa | 76.8 |  |  | 82.1 |
Asia Pacific | 18.6 |  |  | 19.3 |
Total | $ | 311.0 |  |  | $ | 305.8 |
Net sales are attributed to each geographic area based on the end-user country and are net of intercompany sales. Net sales by groups of similar products and services
| Three Months Ended March 31,
| 2024 |  | 2023
Equipment | $ | 189.8 |  |  | $ | 186.4 |
Parts and consumables | 70.6 |  |  | 73.4 |
Service and other | 50.6 |  |  | 46.0 |
Total | $ | 311.0 |  |  | $ | 305.8 |
Net sales by sales channel
| Three Months Ended March 31,
| 2024 |  | 2023
Sales direct to consumer | $ | 221.4 |  |  | $ | 205.1 |
Sales to distributors | 89.6 |  |  | 100.7 |
Total | $ | 311.0 |  |  | $ | 305.8 |
Schedule of Change in Sales Incentive Accrual Balance and Deferred Revenue Balance | The change in our sales incentive accrual balance was as follows:
| Three Months Ended March 31,
| 2024 |  | 2023
Beginning balance | $ | 21.2 |  |  | $ | 20.0 |
Additions to sales incentive accrual | 6.3 |  |  | 6.6 |
Contract payments | (11.3) |  |  | (11.3) |
Foreign currency fluctuations | (0.4) |  |  | 0.1 |
Ending balance | $ | 15.8 |  |  | $ | 15.4 |
The change in the deferred revenue balance was as follows:
| Three Months Ended March 31,
| 2024 |  | 2023
Beginning balance | $ | 10.3 |  |  | $ | 9.3 |
Increase in deferred revenue representing our obligation to satisfy future performance obligations | 5.0 |  |  | 5.5 |
Decrease in deferred revenue for amounts recognized in net sales for satisfied performance obligations | (4.3) |  |  | (4.7) |
Foreign currency fluctuations | (0.1) |  |  | 0.1 |
Ending balance | $ | 10.9 |  |  | $ | 10.2 |
Schedule of Recognition of Net Sales in Future Periods | Of these amounts, we expect to recognize the following approximate amounts in net sales in the following periods:
Remaining 2024 | $ | 6.6 |
2025 | 2.1 |
2026 | 1.3 |
2027 | 0.6 |
2028 | 0.2 |
Thereafter | 0.1 |
Total | $ | 10.9 |

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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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