XML 38 R28.htm IDEA: XBRL DOCUMENT v3.21.2
Revenues (Tables)
6 Months Ended
Jun. 30, 2021
Revenue Recognition [Abstract]  
Summary of Revenue Recognition for Revenue Categories
The following table summarizes revenue recognition for each revenue category:
Revenue Category
Timing of Revenue Recognition
Income Statement Classification
Connected devices, software licenses, and other
Point in time, as transfer of control occurs, generally upon installation and acceptance by the customer
Product
Technical services
Over time, as services are provided, typically ratably over the service term
Service
Consumables
Point in time, as transfer of control occurs, generally upon shipment to or receipt by customer
Product
SaaS, subscription software, and technology-enabled services
Over time, as services are provided
Service
Disaggregation of Revenues by Revenue Type
The following table summarizes the Company’s revenues disaggregated by revenue type for the three and six months ended June 30, 2021 and 2020:
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
(In thousands)
Connected devices, software licenses, and other$179,044 $121,377 $338,762 $268,724 
Technical services51,932 50,178 102,792 99,697 
Consumables17,867 17,565 36,274 40,291 
SaaS, subscription software, and technology-enabled services23,896 10,501 46,754 20,595 
Total revenues$272,739 $199,621 $524,582 $429,307 
Disaggregation of Revenues by Geographical Location
The following table summarizes the Company’s revenues disaggregated by geographic region, which is determined based on customer location, for the three and six months ended June 30, 2021 and 2020:
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
(In thousands)
United States$242,859 $178,052 $467,135 $385,786 
Rest of world (1)
29,880 21,569 57,447 43,521 
Total revenues$272,739 $199,621 $524,582 $429,307 
_________________________________________________
(1)    No individual country represented more than 10% of total revenues.
Contract Asset and Liabilities
The following table reflects the Company’s contract assets and contract liabilities:
June 30,
2021
December 31,
2020
(In thousands)
Short-term unbilled receivables, net (1)
$12,465 $13,895 
Long-term unbilled receivables, net (2)
15,074 17,205 
Total contract assets$27,539 $31,100 
Short-term deferred revenues, net$121,305 $100,053 
Long-term deferred revenues11,875 5,673 
Total contract liabilities$133,180 $105,726 
_________________________________________________
(1)    Included in accounts receivable and unbilled receivables in the Condensed Consolidated Balance Sheets.
(2)    Included in other long-term assets in the Condensed Consolidated Balance Sheets.