Revenues (Tables)

3 Months Ended

Mar. 31, 2025

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 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
SaaS and Expert Services	Over time, as services are provided	Service

Schedule of Disaggregation of Revenue

The following table summarizes the Company’s revenues disaggregated by revenue type:

	Three Months Ended March 31,
	2025		2024
	(In thousands)
Connected devices, software licenses, and other	$	120,077	$	111,069
Consumables	25,091		22,226
Technical services	61,379		58,515
SaaS and Expert Services	63,121		54,341
Total revenues	$	269,668	$	246,151

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:

	Three Months Ended March 31,
	2025		2024
	(In thousands)
United States	$	249,264	$	218,176
Rest of world (1)	20,404		27,975
Total revenues	$	269,668	$	246,151

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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:

	March 31, 2025		December 31, 2024
	(In thousands)
Short-term unbilled receivables, net (1)	$	33,422	$	32,917
Long-term unbilled receivables, net (2)	6,703		7,873
Total contract assets	$	40,125	$	40,790
Short-term deferred revenues	$	159,995	$	141,370
Long-term deferred revenues	78,370		76,123
Total contract liabilities	$	238,365	$	217,493

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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.