XML 31 R22.htm IDEA: XBRL DOCUMENT v3.20.1
REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Summary of Revenue Disaggregation Disaggregated revenue by primary geographical market and timing of revenue recognition for the Company’s single product line are as follows:
 
Three Months Ended
March 31,
 
2020
 
2019
 
(In thousands)
Primary geographical markets:
 
 
 
United States
$
179,600

 
$
77,686

International
25,945

 
22,464

Total
$
205,545

 
$
100,150

 
 
 
 
Timing of revenue recognition:
 
 
 
Products delivered at a point in time
$
194,679

 
$
90,400

Products and services delivered over time
10,866

 
9,750

Total
$
205,545

 
$
100,150


Summary of Contract Assets and Contract Liabilities, and Changes in Balances from Contracts with Customers
Receivables, and contract assets and contract liabilities from contracts with customers are as follows:
 
March 31,
2020
 
December 31,
2019
 
(In thousands)
Receivables
$
95,484

 
$
145,413

Short-term contract assets (Prepaid expenses and other assets)
15,928

 
15,055

Long-term contract assets (Other assets)
45,361

 
42,087

Short-term contract liabilities (Deferred revenues)
39,022

 
81,783

Long-term contract liabilities (Deferred revenues)
106,205

 
100,204


Significant changes in the balances of contract assets (prepaid expenses and other assets) during the period are as follows (in thousands):
Contract Assets
 
Balance on December 31, 2019
$
57,142

Amount recognized
(4,140
)
Increase
8,287

Balance as of March 31, 2020
$
61,289


Significant changes in the balances of contract liabilities (deferred revenues) during the period are as follows (in thousands):
Contract Liabilities
 
Balance on December 31, 2019
$
181,987

Revenue recognized
(55,373
)
Increase due to billings
18,613

Balance as of March 31, 2020
$
145,227


Summary of Estimated Revenue Expected to be Recognized in Future Periods
Estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period are as follows:
 
March 31,
2020
 
(In thousands)
Fiscal year:
 
2020 (remaining nine months)
$
30,514

2021
33,553

2022
28,527

2023
22,743

2024
17,566

Thereafter
12,324

Total
$
145,227