Revenue (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables illustrate the disaggregation of revenue by geographic area, groups of similar products and services and sales channels:

Net sales by geographic area

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Americas	$	211.2	$	174.0	$	632.2	$	512.7
Europe, Middle East and Africa	72.0		69.0		234.1		225.0
Asia Pacific	21.5		19.9		65.9		63.5
Total	$	304.7	$	262.9	$	932.2	$	801.2

Net sales are attributed to each geographic area based on the end-user country and are net of intercompany sales.

Net sales by groups of similar products and services

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Equipment	$	189.5	$	153.8	$	579.1	$	484.0
Parts and consumables	68.3		67.4		212.7		194.1
Service and other	46.9		41.7		140.4		123.1
Total	$	304.7	$	262.9	$	932.2	$	801.2

Net sales by sales channel

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Sales direct to consumer	$	214.6	$	174.9	$	638.4	$	518.4
Sales to distributors	90.1		88.0		293.8		282.8
Total	$	304.7	$	262.9	$	932.2	$	801.2

Schedule of Change in Sales Incentive Accrual Balance and Deferred Revenue Balance

The change in our sales incentive accrual balance was as follows:

	Nine Months Ended September 30,
	2023		2022
Beginning balance	$	20.0	$	19.9
Additions to sales incentive accrual	21.9		16.1
Contract payments	(20.4)		(19.5)
Foreign currency fluctuations	(0.1)		(0.9)
Ending balance	$	21.4	$	15.6

The change in the deferred revenue balance was as follows:

	Nine Months Ended September 30,
	2023		2022
Beginning balance	$	9.3	$	11.2
Increase in deferred revenue representing our obligation to satisfy future performance obligations	13.5		19.4
Decrease in deferred revenue for amounts recognized in net sales for satisfied performance obligations	(14.0)		(19.9)
Foreign currency fluctuations	—		(0.7)
Ending balance	$	8.8	$	10.0

Schedule of Recognition of Net Sales in Future Periods

Of these amounts, we expect to recognize the following approximate amounts in net sales in the following periods:

Remaining 2023	$	4.6
2024	2.1
2025	1.2
2026	0.6
2027	0.2
Thereafter	0.1
Total	$	8.8