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Revenue (Tables)
12 Months Ended
Dec. 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 for the years ended December 31:
Net sales by geographic area
202420232022
Americas$888.5 $840.3 $705.9 
Europe, Middle East and Africa (EMEA)318.5 314.4 301.6 
Asia Pacific (APAC)79.7 88.9 84.7 
Total$1,286.7 $1,243.6 $1,092.2 
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
202420232022
Equipment$808.7 $776.4 $664.0 
Parts and consumables274.3 279.5 263.1 
Service and other203.7 187.7 165.1 
Total$1,286.7 $1,243.6 $1,092.2 
Net sales by sales channel
202420232022
Sales direct to consumer$905.7 $854.4 $712.6 
Sales to distributors381.0 389.2 379.6 
Total$1,286.7 $1,243.6 $1,092.2 
Schedule of Change in Sales Incentive Accrual Balance and Deferred Revenue Balance
The change in our sales incentive accrual balance for the years ended December 31, 2024 and 2023 was as follows:
20242023
Beginning balance$21.2 $20.0 
Additions to sales incentive accrual22.4 29.5 
Contract payments(27.2)(28.5)
Foreign currency fluctuations(0.3)0.2 
Ending balance$16.1 $21.2 
The change in the deferred revenue balance for the years ended December 31, 2024 and 2023 was as follows:
20242023
Beginning balance$10.3 $9.3 
Increase in deferred revenue representing our obligation to satisfy future performance obligations31.7 21.7 
Decrease in deferred revenue for amounts recognized in net sales for satisfied performance obligations(20.8)(20.8)
Foreign currency fluctuations(0.6)0.1 
Ending balance$20.6 $10.3 
Schedule of Recognition of Net Sales in Future Periods Of this, we expect to recognize the following approximate amounts in net sales in the following periods:
2025$9.8 
20264.7 
20273.3 
20281.7 
20291.0 
Thereafter0.1 
Total$20.6