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Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
For the three months ended June 30, 2023U.S. OperationsSwiss OperationsWestern European OperationsChinese OperationsOther OperationsTotal
Product Revenue$265,881 $36,662 $130,404 $204,259 $121,765 $758,971 
Service Revenue:
Point in time72,250 7,246 40,831 13,020 32,142 165,489 
Over time20,984 2,895 20,840 4,390 8,548 57,657 
Total$359,115 $46,803 $192,075 $221,669 $162,455 $982,117 
For the three months ended June 30, 2022U.S. OperationsSwiss OperationsWestern European OperationsChinese OperationsOther OperationsTotal
Product Revenue$279,438 $33,291 $136,962 $213,131 $117,422 $780,244 
Service Revenue:
Point in time
64,589 6,504 31,957 10,708 30,541 144,299 
Over time
17,118 2,267 21,345 5,970 7,144 53,844 
Total$361,145 $42,062 $190,264 $229,809 $155,107 $978,387 
For the six months ended June 30, 2023U.S. OperationsSwiss OperationsWestern European OperationsChinese OperationsOther OperationsTotal
Product Revenue$512,410 $73,123 $271,111 $374,689 $243,639 $1,474,972 
Service Revenue:
Point in time142,875 14,707 81,996 24,368 62,187 326,133 
Over time41,231 5,342 38,392 8,380 16,405 109,750 
Total$696,516 $93,172 $391,499 $407,437 $322,231 $1,910,855 
For the six months ended June 30, 2022U.S. OperationsSwiss OperationsWestern European OperationsChinese OperationsOther OperationsTotal
Product Revenue$528,245 $67,201 $274,971 $381,120 $235,322 $1,486,859 
Service Revenue:
Point in time
124,743 13,671 68,179 21,035 59,143 286,771 
Over time
33,978 4,459 39,999 10,360 13,752 102,548 
Total$686,966 $85,331 $383,149 $412,515 $308,217 $1,876,178 
A breakdown of net sales to external customers by geographic customer destination for the three and six months ended June 30 follows:
Three Months EndedSix Months Ended
2023202220232022
Americas$396,897 $393,707 $768,970 $746,396 
Europe246,340 242,738 500,314 492,522 
Asia / Rest of World338,880 341,942 641,571 637,260 
Total$982,117 $978,387 $1,910,855 $1,876,178 
The Company's global revenue mix by product category is laboratory (55% of sales), industrial (39% of sales) and retail (6% of sales). The Company's product revenue by reportable segment is proportionately similar to the Company's global mix except the Company's Swiss Operations is largely comprised of laboratory products while the Company's Chinese Operations has a slightly higher percentage of industrial products. A breakdown of the Company’s sales by product category for the three and six months ended June 30 is as follows:
Three Months EndedSix Months Ended
2023202220232022
Laboratory$526,699 $545,925 $1,046,730 $1,059,475 
Industrial399,001 384,173 754,181 727,911 
Retail56,417 48,289 109,944 88,792 
Total$982,117 $978,387 $1,910,855 $1,876,178 
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]
20232022
Beginning balances as of January 1$192,759 $192,648 
Customer pre-payments/deferred revenue343,373 377,052 
Revenue recognized(332,005)(345,070)
Foreign currency translation422 (9,497)
Ending balance as of June 30$204,549 $215,133