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Revenues (Tables)
9 Months Ended
Sep. 30, 2024
Revenue Recognition [Abstract]  
Schedule 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 otherPoint in time, as transfer of control occurs, generally upon installation and acceptance by the customerProduct
Consumables
Point in time, as transfer of control occurs, generally upon shipment to, or receipt by, the customer
Product
Technical servicesOver time, as services are provided, typically ratably over the service termService
Advanced ServicesOver time, as services are providedService
Schedule of 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, 2024 and 2023:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(In thousands)
Connected devices, software licenses, and other$135,672 $167,560 $381,280 $500,182 
Consumables22,689 21,195 66,956 62,724 
Technical services59,583 57,303 177,419 167,851 
Advanced Services64,476 52,605 179,704 157,508 
Total revenues$282,420 $298,663 $805,359 $888,265 
Schedule of 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, 2024 and 2023:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(In thousands)
United States$258,177 $272,649 $731,670 $785,794 
Rest of world (1)
24,243 26,014 73,689 102,471 
Total revenues$282,420 $298,663 $805,359 $888,265 
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(1)    No individual country represented more than 10% of total revenues.
Schedule of Contract Asset and Liabilities
The following table reflects the Company’s contract assets and contract liabilities:
September 30,
2024
December 31,
2023
(In thousands)
Short-term unbilled receivables, net (1)
$33,722 $22,524 
Long-term unbilled receivables, net (2)
9,171 11,850 
Total contract assets$42,893 $34,374 
Short-term deferred revenues$152,367 $121,734 
Long-term deferred revenues69,811 58,622 
Total contract liabilities$222,178 $180,356 
_________________________________________________
(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.