Revenues

12 Months Ended

Dec. 31, 2021

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, 2021, 2020, and 2019:

	Year Ended December 31,
	2021		2020		2019
	(In thousands)
Connected devices, software licenses, and other	$	739,074	$	560,368	$	573,844
Technical services	206,989		202,383		194,183
Consumables	73,438		75,663		85,758
SaaS, subscription software, and technology-enabled services	112,517		53,794		43,242
Total revenues	$	1,132,018	$	892,208	$	897,027

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, 2021, 2020, and 2019:

	Year Ended December 31,
	2021		2020		2019
	(In thousands)
United States	$	1,020,788	$	797,602	$	806,900
Rest of world (1)	111,230		94,606		90,127
Total revenues	$	1,132,018	$	892,208	$	897,027

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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,
	2021		2020
	(In thousands)
Short-term unbilled receivables, net (1)	$	17,208	$	13,895
Long-term unbilled receivables, net (2)	18,084		17,205
Total contract assets	$	35,292	$	31,100
Short-term deferred revenues, net	$	112,196	$	100,053
Long-term deferred revenues	20,194		5,673
Total contract liabilities	$	132,390	$	105,726

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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 $112.2 million and $100.1 million include deferred revenues from product sales and service contracts, net of deferred cost of sales of $22.4 million and $21.0 million, as of December 31, 2021 and 2020, 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, 2021, the Company recognized revenues of $96.8 million that were included in the corresponding gross short-term deferred revenues balance of $121.1 million as of December 31, 2020.

Long-term deferred revenues include deferred revenues from product and service contracts of $20.2 million and $5.7 million as of December 31, 2021 and 2020, respectively. Remaining performance obligations are primarily recognized ratably over the remaining term of the contract, generally not more than ten 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, 2021, 2020, and 2019. Also, there were no customers that accounted for more than 10% of the Company’s accounts receivable balance as of December 31, 2021 and 2020.