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Revenues (Tables)
9 Months Ended
Sep. 30, 2022
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 other
Point in time, as transfer of control occurs, generally upon installation and acceptance by the customer
Product
Technical services
Over time, as services are provided, typically ratably over the service term
Service
Consumables
Point in time, as transfer of control occurs, generally upon shipment to or receipt by customer
Product
SaaS, subscription software, and technology-enabled services
Over time, as services are provided
Service
Disaggregation of Revenues by Revenue Type
The following table summarizes the Company’s revenues disaggregated by revenue type for the three and nine months ended September 30, 2022 and 2021:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
(In thousands)
Connected devices, software licenses, and other$226,415 $195,820 $650,125 $534,582 
Technical services53,914 53,529 156,386 156,321 
Consumables20,150 18,150 56,121 54,424 
SaaS, subscription software, and technology-enabled services47,580 28,903 135,641 75,657 
Total revenues$348,059 $296,402 $998,273 $820,984 
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 nine months ended September 30, 2022 and 2021:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
(In thousands)
United States$315,755 $271,276 $898,269 $738,411 
Rest of world (1)
32,304 25,126 100,004 82,573 
Total revenues$348,059 $296,402 $998,273 $820,984 
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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:
September 30,
2022
December 31,
2021
(In thousands)
Short-term unbilled receivables, net (1)
$28,354 $17,208 
Long-term unbilled receivables, net (2)
13,815 18,084 
Total contract assets$42,169 $35,292 
Short-term deferred revenues, net$113,925 $112,196 
Long-term deferred revenues34,519 20,194 
Total contract liabilities$148,444 $132,390 
_________________________________________________
(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.