Revenues

12 Months Ended

Dec. 31, 2022

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, 2022, 2021, and 2020:

	Year Ended December 31,
	2022		2021		2020
	(In thousands)
Connected devices, software licenses, and other	$	827,917	$	739,074	$	560,368
Consumables	75,305		73,438		75,663
Technical services	206,687		206,989		202,383
Advanced Services	186,038		112,517		53,794
Total revenues	$	1,295,947	$	1,132,018	$	892,208

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, 2022, 2021, and 2020:

	Year Ended December 31,
	2022		2021		2020
	(In thousands)
United States	$	1,168,202	$	1,020,788	$	797,602
Rest of world (1)	127,745		111,230		94,606
Total revenues	$	1,295,947	$	1,132,018	$	892,208

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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,
	2022		2021
	(In thousands)
Short-term unbilled receivables, net (1)	$	25,763	$	17,208
Long-term unbilled receivables, net (2)	14,744		18,084
Total contract assets	$	40,507	$	35,292
Short-term deferred revenues, net	$	118,947	$	112,196
Long-term deferred revenues	37,385		20,194
Total contract liabilities	$	156,332	$	132,390

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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 $118.9 million and $112.2 million include deferred revenues from product sales and service contracts, net of deferred cost of sales of $15.8 million and $22.4 million, as of December 31, 2022 and 2021, 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, 2022, the Company recognized revenues of $112.6 million that were included in the corresponding gross short-term deferred revenues balance of $134.6 million as of December 31, 2021.

Long-term deferred revenues include deferred revenues from product and service contracts of $37.4 million and $20.2 million as of December 31, 2022 and 2021, 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, 2022, 2021, and 2020. Also, there were no customers that accounted for more than 10% of the Company’s accounts receivable balance as of December 31, 2022 and 2021.