Revenues (Tables)

9 Months Ended

Sep. 30, 2023

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
Consumables	Point in time, as transfer of control occurs, generally upon shipment to or receipt by customer	Product
Technical services	Over time, as services are provided, typically ratably over the service term	Service
Advanced 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, 2023 and 2022:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(In thousands)
Connected devices, software licenses, and other	$	167,560	$	226,415	$	500,182	$	650,125
Consumables	21,195		20,150		62,724		56,121
Technical services	57,303		53,914		167,851		156,386
Advanced Services	52,605		47,580		157,508		135,641
Total revenues	$	298,663	$	348,059	$	888,265	$	998,273

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, 2023 and 2022:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(In thousands)
United States	$	272,649	$	315,755	$	785,794	$	898,269
Rest of world (1)	26,014		32,304		102,471		100,004
Total revenues	$	298,663	$	348,059	$	888,265	$	998,273

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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, 2023		December 31, 2022
	(In thousands)
Short-term unbilled receivables, net (1)	$	20,275	$	25,763
Long-term unbilled receivables, net (2)	13,159		14,744
Total contract assets	$	33,434	$	40,507
Short-term deferred revenues, net	$	124,991	$	118,947
Long-term deferred revenues	55,053		37,385
Total contract liabilities	$	180,044	$	156,332

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(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.