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Revenues (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022 and 2021:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(In thousands)
Connected devices, software licenses, and other$215,632 $179,044 $423,710 $338,762 
Technical services53,303 51,932 102,472 102,792 
Consumables18,174 17,867 35,971 36,274 
SaaS, subscription software, and technology-enabled services44,277 23,896 88,061 46,754 
Total revenues$331,386 $272,739 $650,214 $524,582 
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, 2022 and 2021:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(In thousands)
United States$294,937 $242,859 $582,514 $467,135 
Rest of world (1)
36,449 29,880 67,700 57,447 
Total revenues$331,386 $272,739 $650,214 $524,582 
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(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,
2022
December 31,
2021
(In thousands)
Short-term unbilled receivables, net (1)
$19,567 $17,208 
Long-term unbilled receivables, net (2)
16,185 18,084 
Total contract assets$35,752 $35,292 
Short-term deferred revenues, net$108,579 $112,196 
Long-term deferred revenues24,187 20,194 
Total contract liabilities$132,766 $132,390 
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(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.