REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Summary of Revenue Disaggregation

Disaggregated revenue by primary geographical market and timing of revenue recognition for the Company’s single product line are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(In thousands)
Primary geographical markets:
U.S.	$	417,582	$	422,628	$	890,543	$	792,120
International	293,536		107,568		546,591		179,368
Total	$	711,118	$	530,196	$	1,437,134	$	971,488
Timing of revenue recognition:
Products delivered at a point in time	$	684,122	$	511,865	$	1,385,774	$	936,014
Products and services delivered over time	26,996		18,331		51,360		35,474
Total	$	711,118	$	530,196	$	1,437,134	$	971,488

Summary of Contract Assets and Contract Liabilities, and Changes in Balances from Contracts with Customers

Receivables, and contract assets and contract liabilities from contracts with customers, are as follows:

	June 30, 2023		December 31, 2022
	(In thousands)
Receivables	$	520,306	$	440,896
Short-term contract assets (Prepaid expenses and other assets)	38,073		32,130
Long-term contract assets (Other assets)	122,982		100,991
Short-term contract liabilities (Deferred revenues, current)	109,176		90,747
Long-term contract liabilities (Deferred revenues, non-current)	354,296		281,613

Significant changes in the balances of contract assets (prepaid expenses and other assets) as of June 30, 2023 are as follows (in thousands):

Contract Assets
Contract Assets, beginning of period	$	133,121
Amount recognized	(17,658)
Increased due to shipments	45,592
Contract Assets, end of period	$	161,055

Significant changes in the balances of contract liabilities (deferred revenues) as of June 30, 2023 are as follows (in thousands):

Contract Liabilities
Contract Liabilities, beginning of period	$	372,360
Revenue recognized	(51,360)
Increased due to billings	142,472
Contract Liabilities, end of period	$	463,472

Summary of Estimated Revenue Expected to be Recognized in Future Periods

Estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period are as follows:

	June 30, 2023
	(In thousands)
Fiscal year:
2023 (remaining six months)	$	55,492
2024	105,360
2025	97,787
2026	81,815
2027	62,174
Thereafter	60,844
Total	$	463,472