XML 26 R10.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Revenue Recognition
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Deferred Revenue
Deferred revenue is as follows:
(in thousands)June 30, 2024December 31, 2023
Current$12,539 $7,250 
Non-current2,876 4,204 
Total$15,415 $11,454 
Most performance obligations greater than one year relate to service and support contracts, that the Company expects to fulfill within 36 months. The Company expects to fulfill 100% of service and support contracts within 60 months.
The changes in deferred revenue, inclusive of both current and long-term, are as follows:

(in thousands)20242023
Beginning balance - January 1$11,454 $13,584 
Acquired deferred revenue (Note 3)7,680 — 
Recognition of deferred revenue(42,052)(14,112)
Deferral of revenue38,333 14,682 
Ending balance - June 30$15,415 $14,154 
The above tables exclude customer deposits of $1.8 million and $1.6 million as of the six months ended June 30, 2024 and 2023, respectively. During the three months ended June 30, 2024 and 2023, the Company recognized revenue included in deferred revenue at the beginning of each respective period of $2.1 million and $2.9 million. During the six months ended June 30, 2024 and 2023, the Company recognized revenue included in deferred revenue at the beginning of each respective period of $4.9 million and $6.0 million.

Disaggregated Revenue

The Company disaggregates revenue from contracts with customers by major product line because the Company believes it best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by contract terms and economic factors.

Disaggregated revenue is as follows:
Three Months Ended June 30, 2024Three Months Ended June 30, 2023
(in thousands)Restaurant/Retail
point in time
Restaurant/Retail
over time
Restaurant/Retail
point in time
Restaurant/Retail
over time
Hardware$20,116 $— $26,390 $— 
Subscription service— 44,872 — 30,372 
Professional service4,914 8,248 5,709 7,058 
Total$25,030 $53,120 $32,099 $37,430 
Six Months Ended June 30, 2024Six Months Ended June 30, 2023
(in thousands)Restaurant/Retail
point in time
Restaurant/Retail
over time
Restaurant/Retail
point in time
Restaurant/Retail
over time
Hardware$38,342 $— $53,167 $— 
Subscription service— 83,251 — 58,337 
Professional service10,641 15,989 12,195 14,414 
Total$48,983 $99,240 $65,362 $72,751