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REVENUE
 12 Months Ended
Dec. 31, 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):
Year Ended December 31,
202220212020
North America Revenue:
    POC Lab Instruments & Other$17,178 $14,837 $13,663 
    POC Lab Consumables78,302 72,004 59,247 
    POC Imaging & Informatics27,335 29,512 20,651 
    PVD22,020 24,939 19,810 
    OVP16,927 17,606 17,695 
    Total North America Revenue$161,762 $158,898 $131,066 
International Revenue:
    POC Lab Instruments & Other$15,660 $15,001 $7,782 
    POC Lab Consumables41,205 46,016 32,354 
    POC Imaging & Informatics35,209 28,492 22,537 
    PVD3,471 5,332 3,584 
    Total International Revenue$95,545 $94,841 $66,257 
Total Revenue$257,307 $253,739 $197,323 

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 obligation 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 December 31, 2022, the aggregate amount of the transaction price allocated to remaining minimum performance obligations was approximately $219.2 million. As of December 31, 2022, the Company expects to recognize revenue as follows (in thousands):
Year Ending December 31,Revenue
2023$51,556 
202447,923 
202541,660 
202636,428 
202722,720 
Thereafter18,941 
$219,228 

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 Consolidated Balance Sheets. The collection of these balances occurs over the term of the underlying contract. The balances as of December 31, 2022 were $1.8 million and $5.9 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 twelve-month period ended December 31, 2022 is primarily related to additional contract assets recorded for contracts with a free term, partially offset by payments received. The balances as of December 31, 2020 were $1.2 million and $4.1 million for current and non-current assets, respectively, shown net of related unearned interest.

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 Consolidated Balance Sheets based on the timing of when the Company expects to recognize revenue. As of December 31, 2022, 2021 and 2020 contract liabilities were $8.3 million, $9.6 million and  $9.9 million respectively, and are included within Deferred revenue, current, and other and Deferred revenue, non-current in the accompanying Consolidated Balance Sheets. The decrease in the contract liability balance during the year ended December 31, 2022 is attributable to approximately $10.9 million of revenue recognized during the period and an exchange rate impact of $0.1 million, partially offset by approximately $8.8 million of additional deferred sales in 2022, and the acquisition of VetZ contract liabilities of approximately $0.9 million. The decrease in the contract liability balance during the year ended December 31, 2021 is $6.8 million of revenue recognized during the period, offset by $6.5 million of additional deferred sales. Contract liabilities are reported on the accompanying Consolidated Balance Sheets on a contract-by-contract basis.
Contract Costs

The Company capitalizes certain direct incremental costs incurred to obtain customer contracts, typically sales-related commissions, where the recognition period for the related revenue is greater than one year. Contract costs are classified as current or non-current, and are included in "Other current assets" and "Other non-current assets" in the Consolidated Balance Sheets based on the timing of when the Company expects to recognize the expense. Contract costs are generally amortized into selling and marketing expense with a certain percentage recognized immediately based upon placement of the instrument with the remainder recognized on a straight-line basis (which is consistent with the transfer of control for the related goods or services) over the average term of the underlying contracts, approximately 6 years. Management assesses these costs for impairment at least quarterly on a portfolio basis and as “triggering” events occur that indicate it is more-likely-than-not that an impairment exists. The balances of contract costs as of December 31, 2022, 2021 and 2020 were $5.0 million, $4.1 million and $3.0 million respectively. The increase in contract costs for the year ended December 31, 2022 is due to approximately $2.4 million of additional contract cost capitalization, offset by amortization expense of approximately $1.5 million. In the year ended December 31, 2021, approximately $2.2 million of additional contract costs were capitalized, offset by amortization expense of approximately $1.1 million. Contract costs are calculated and reported on a portfolio basis.