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REVENUE
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
We separate our goods and services among two reportable segments, North America and International. The two segments consist of revenue originating from:

•North America: including the United States, Canada and Mexico
•International: all geographies outside North America, currently consisting primarily of Australia, France, Germany, Italy, Malaysia, Spain and Switzerland

Refer to Note 18 for further detail regarding the Company's reportable segments.

The following table summarizes our segment revenue (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
North America revenue:
POC lab instruments & other$3,630 $3,547 $11,821 $10,017 
POC lab consumables19,711 17,694 58,685 53,942 
POC imaging & informatics7,688 7,433 19,641 21,222 
PVD5,343 4,297 16,758 17,370 
OVP3,957 4,838 11,702 13,063 
Total North America revenue$40,329 $37,809 $118,607 $115,614 
International revenue:
POC lab instruments & other$3,698 $3,800 $11,269 $10,801 
POC lab consumables9,381 11,223 31,621 35,383 
POC imaging & informatics7,243 5,849 26,787 19,783 
PVD841 1,559 2,685 4,090 
Total International revenue$21,163 $22,431 $72,362 $70,057 
Total revenue$61,492 $60,240 $190,969 $185,671 
Remaining Performance Obligations

Remaining performance obligations represent the aggregate transaction price allocated to performance obligations with an original contract term greater than one year which are fully or partially unsatisfied at the end of the period. Remaining performance obligations include noncancellable purchase orders, the non-lease portion of minimum purchase commitments under long-term supply arrangements, extended warranty, service and other long-term contracts. Remaining performance obligations do not include revenue from contracts with customers with an original term of one year or less, revenue from long-term supply arrangements with no minimum purchase requirements, revenue expected from purchases made in excess of the minimum purchase requirements, or revenue from instruments leased to customers. While the remaining performance obligations disclosure is similar in concept to backlog, the definition of remaining performance obligations excludes leases and contracts that provide the customer with the right to cancel or terminate for convenience with no substantial penalty, even if historical experience indicates the likelihood of cancellation or termination is remote. Additionally, the Company has elected to exclude contracts with customers with an original term of one year or less from remaining performance obligations.

As of September 30, 2022, the aggregate amount of the transaction price allocated to remaining minimum performance obligations was approximately $200.6 million. As of September 30, 2022, the Company expects to recognize revenue as follows (in thousands):
Year Ending December 31,Revenue
2022 (remaining)$12,620 
202348,180 
202443,058 
202536,803 
202631,678 
Thereafter28,296 
$200,635 

Contract Balances

The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled contract assets, deferred revenue, and customer deposits and billings in excess of revenue recognized. In addition, the Company defers certain costs incurred to obtain contracts.

Contract Assets

Certain unbilled amounts related to long-term contracts for which we provide a free term to the customer are recorded in "Other current assets" and "Other non-current assets" on the accompanying Condensed Consolidated Balance Sheets. The collection of these balances occurs over the term of the underlying contract. The balances as of September 30, 2022 were $1.6 million and $5.3 million for current and non-current assets, respectively, shown net of related unearned interest. The balances as of December 31, 2021 were $1.5 million and $5.1 million for current and non-current assets, respectively, shown net of related unearned interest. The increase in contract assets for the nine-month period ended September 30, 2022 is primarily related to additional contract assets recorded for contracts with a free term, partially offset by payments received.
Contract Liabilities

The Company receives cash payments from customers for licensing fees or other arrangements that extend for a specified term. These contract liabilities are classified as either current or long-term in the Condensed Consolidated Balance Sheets based on the timing of when the Company expects to recognize revenue. As of September 30, 2022 and December 31, 2021, contract liabilities were $7.7 million and $9.6 million, respectively, and are included within "Deferred revenue, current, and other" and "Deferred revenue, non-current" in the accompanying Condensed Consolidated Balance Sheets. The decrease in the contract liability balance during the nine-month period ended September 30, 2022 is attributable to approximately $7.9 million of revenue recognized during the period and an exchange rate impact of $0.4 million, partially offset by approximately $5.5 million of additional deferred sales in 2022, and the acquisition of VetZ contract liabilities of approximately $0.9 million. Contract liabilities are reported on the accompanying Condensed Consolidated Balance Sheets on a contract-by-contract basis.