Revenue From Contracts With Customers (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables represent a disaggregation of revenue from contracts with customers for the years ended December 31, 2022, 2021 and 2020:

	Year Ended December 31,
	2022		2021		2020
Sales by Application
Materials processing	$	1,291,262	$	1,325,404	$	1,082,478
Other applications	138,285		135,456		118,246
Total	$	1,429,547	$	1,460,860	$	1,200,724

Sales by Product
High Power Continuous Wave ("CW") Lasers	$	613,734	$	687,406	$	646,062
Medium Power CW Lasers	77,079		80,501		50,796
Pulsed Lasers	250,677		240,978		158,448
Quasi-Continuous Wave ("QCW") Lasers	50,212		60,668		50,333
Laser and Non-Laser Systems	153,471		126,642		93,727
Other Revenue including Amplifiers, Service, Parts, Accessories and Change in Deferred Revenue	284,374		264,665		201,358
Total	$	1,429,547	$	1,460,860	$	1,200,724

	Year Ended December 31,
	2022		2021		2020
Sales by Geography
North America	$	338,713	$	314,984	$	246,189
Europe:
Germany	85,491		101,738		65,646
Other including Eastern Europe/CIS	294,481		289,136		219,540
Asia:
China	479,926		548,348		502,278
Japan	57,865		54,077		53,180
Other	152,373		139,148		103,785
Rest of World	20,698		13,429		10,106
Total	$	1,429,547	$	1,460,860	$	1,200,724

Timing of Revenue Recognition
Goods and services transferred at a point in time	$	1,377,996	$	1,402,498	$	1,144,237
Goods and services transferred over time	51,551		58,362		56,487
Total	$	1,429,547	$	1,460,860	$	1,200,724

Changes in Contract Assets and Liabilities

The following table reflects the changes in the Company's contract assets and liabilities for the years ended December 31, 2022 and 2021:

	December 31,		January 1,				December 31,		January 1,
	2022		2022		Change		2021		2021		Change
Contract assets
Contract assets	$	8,620	$	9,345	$	(725)	$	9,345	$	8,999	$	346
Contract liabilities
Contract liabilities - current	80,068		89,659		(9,591)		89,659		71,246		18,413
Contract liabilities - long-term	3,142		2,691		451		2,691		2,189		502

Schedule of Remaining Performance Obligations

The following table represents the Company's remaining performance obligations from contracts that are recognized over time as of December 31, 2022:

	Remaining Performance Obligations
	2023		2024		2025		2026		2027		Thereafter		Total
Revenue expected to be recognized for extended warranty agreements	$	4,155	$	1,296	$	960	$	608	$	250	$	28	$	7,297
Revenue to be earned over time from contracts to sell large scale materials processing systems	26,091		6,345		—		—		—		—		32,436
Total	$	30,246	$	7,641	$	960	$	608	$	250	$	28	$	39,733