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Revenues (Tables)
6 Months Ended
Jun. 30, 2023
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 otherPoint in time, as transfer of control occurs, generally upon installation and acceptance by the customerProduct
ConsumablesPoint in time, as transfer of control occurs, generally upon shipment to or receipt by customerProduct
Technical servicesOver time, as services are provided, typically ratably over the service termService
Advanced ServicesOver time, as services are providedService
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, 2023 and 2022:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
(In thousands)
Connected devices, software licenses, and other$167,475 $215,632 $332,622 $423,710 
Consumables20,961 18,174 41,529 35,971 
Technical services57,191 53,303 110,548 102,472 
Advanced Services53,346 44,277 104,903 88,061 
Total revenues$298,973 $331,386 $589,602 $650,214 
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, 2023 and 2022:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
(In thousands)
United States$257,202 $294,937 $513,145 $582,514 
Rest of world (1)
41,771 36,449 76,457 67,700 
Total revenues$298,973 $331,386 $589,602 $650,214 
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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,
2023
December 31,
2022
(In thousands)
Short-term unbilled receivables, net (1)
$22,111 $25,763 
Long-term unbilled receivables, net (2)
15,132 14,744 
Total contract assets$37,243 $40,507 
Short-term deferred revenues, net$124,602 $118,947 
Long-term deferred revenues48,750 37,385 
Total contract liabilities$173,352 $156,332 
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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.