Revenues

12 Months Ended

Dec. 31, 2023

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, 2023, 2022, and 2021:

	Year Ended December 31,
	2023		2022		2021
	(In thousands)
Connected devices, software licenses, and other	$	623,584	$	827,917	$	739,074
Consumables	84,977		75,305		73,438
Technical services	225,831		206,687		206,989
Advanced Services	212,720		186,038		112,517
Total revenues	$	1,147,112	$	1,295,947	$	1,132,018

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, 2023, 2022, and 2021:

	Year Ended December 31,
	2023		2022		2021
	(In thousands)
United States	$	1,011,380	$	1,168,202	$	1,020,788
Rest of world (1)	135,732		127,745		111,230
Total revenues	$	1,147,112	$	1,295,947	$	1,132,018

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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,
	2023		2022
	(In thousands)
Short-term unbilled receivables, net (1)	$	22,524	$	25,763
Long-term unbilled receivables, net (2)	11,850		14,744
Total contract assets	$	34,374	$	40,507
Short-term deferred revenues, net	$	121,734	$	118,947
Long-term deferred revenues	58,622		37,385
Total contract liabilities	$	180,356	$	156,332

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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, net of $121.7 million and $118.9 million include deferred revenues from product sales and service contracts, net of deferred cost of sales of $12.4 million and $15.8 million, as of December 31, 2023 and 2022, respectively. During the year ended December 31, 2023, the Company recognized revenues of $115.7 million that were included in the corresponding gross short-term deferred revenues balance of $134.7 million as of December 31, 2022.

Significant Customers

There were no customers that accounted for more than 10% of the Company’s total revenues for the years ended December 31, 2023, 2022, and 2021. Also, there were no customers that accounted for more than 10% of the Company’s accounts receivable balance as of December 31, 2023 and 2022.