Revenues

12 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Disaggregation of Revenues

The following table summarizes the Company’s revenues disaggregated by revenue type for the years ended December 31, 2020, 2019, and 2018:

	Year Ended December 31,
	2020		2019		2018
	(In thousands)
Connected devices, software licenses, and other	$	560,368	$	573,844	$	483,414
Technical services	202,383		194,183		183,202
Consumables	75,663		85,758		86,182
SaaS, subscription software, and technology-enabled services	53,794		43,242		34,511
Total revenues	$	892,208	$	897,027	$	787,309

The following table summarizes the Company’s revenues disaggregated by geographic region, which is determined based on customer location, for the years ended December 31, 2020, 2019, and 2018:

	Year Ended December 31,
	2020		2019		2018
	(In thousands)
United States	$	797,602	$	806,900	$	685,881
Rest of world (1)	94,606		90,127		101,428
Total revenues	$	892,208	$	897,027	$	787,309

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(1)    No individual country represented more than 10% of total revenues.

Contract Assets and Contract Liabilities

The following table reflects the Company’s contract assets and contract liabilities:

	December 31,
	2020		2019
	(In thousands)
Short-term unbilled receivables, net (1)	$	13,895	$	11,707
Long-term unbilled receivables, net (2)	17,205		12,260
Total contract assets	$	31,100	$	23,967
Short-term deferred revenues, net	$	100,053	$	90,894
Long-term deferred revenues	5,673		7,083
Total contract liabilities	$	105,726	$	97,977

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(1)     Included in accounts receivable and unbilled receivables in the Consolidated Balance Sheets.

(2)    Included in other long-term assets in the Consolidated Balance Sheets.

Short-term deferred revenues of $100.1 million and $90.9 million include deferred revenues from product sales and service contracts, net of deferred cost of sales of $21.0 million and $13.1 million, as of December 31, 2020 and 2019, respectively. The short-term deferred revenues from product sales relate to delivered and invoiced products, pending installation and acceptance, expected to occur within the next twelve months. During the year ended December 31, 2020, the Company recognized revenues of $84.0 million that were included in the corresponding gross short-term deferred revenue balance of $104.0 million as of December 31, 2019.

Long-term deferred revenues include deferred revenues from service contracts of $5.7 million and $7.1 million as of December 31, 2020 and 2019, respectively. Remaining performance obligations primarily relate to maintenance contracts and are recognized ratably over the remaining term of the contract, generally not more than five years.

Significant Customers

There were no customers that accounted for more than 10% of the Company’s total revenues for the years ended December 31, 2020, 2019, and 2018. Also, there were no customers that accounted for more than 10% of the Company’s accounts receivable balance as of December 31, 2020 and 2019.