Revenue Recognition

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Deferred Revenue

Deferred revenue attributable to each of the Company's reporting segments is as follows:

	March 31, 2024				December 31, 2023
	Current under one year		Non-current over one year		Current under one year		Non-current over one year
Restaurant/Retail	$	12,897	$	3,296	$	7,250	$	4,204
Government	—		—		—		—
Total	$	12,897	$	3,296	$	7,250	$	4,204

Most performance obligations greater than one year relate to service and support contracts, that the Company expects to fulfill within 36 months. The Company expects to fulfill 100% of service and support contracts within 60 months.

The changes in deferred revenue, inclusive of both current and long-term, are as follows:

(in thousands)	2024		2023
Beginning balance - January 1	$	11,454	$	13,584
Acquired deferred revenue (Note 3)	5,443		—
Recognition of deferred revenue	(6,398)		(7,550)
Deferral of revenue	5,694		7,668
Ending balance - March 31	$	16,193	$	13,702

The above tables exclude customer deposits of $1.8 million and $1.6 million as of the three months ended March 31, 2024 and 2023, respectively. During the three months ended March 31, 2024 and 2023, the Company recognized revenue included in deferred revenue at the beginning of each respective period of $2.7 million and $3.1 million.

In the Government segment, the value of existing contracts at March 31, 2024, net of amounts relating to work performed to that date, was approximately $315.4 million, of which $72.0 million was funded, and at December 31, 2023, the value of existing contracts, net of amounts relating to work performed to that date, was approximately $326.0 million, of which $73.2 million was funded.

The value of existing contracts in the Government segment, net of amounts relating to work performed at March 31, 2024, is expected to be recognized as revenue over time as follows:

(in thousands)
Next 12 months	$	192,342
Months 13-24	87,865
Months 25-36	16,996
Thereafter	18,223
Total	$	315,426

Disaggregated Revenue

The Company disaggregates revenue from contracts with customers by major product line for each of its reporting segments because the Company believes it best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by contract terms and economic factors.

Disaggregated revenue is as follows:

	Three Months Ended March 31, 2024
(in thousands)	Restaurant/Retail point in time		Restaurant/Retail over time		Government point in time		Government over time
Hardware	$	18,226	$	—	$	—	$	—
Subscription service	—		38,379		—		—
Professional service	5,726		7,742		—		—
Mission systems	—		—		—		8,247
Intelligence, surveillance, and reconnaissance solutions	—		—		—		26,756
Commercial software	—		—		234		187
Total	$	23,952	$	46,121	$	234	$	35,190

	Three Months Ended March 31, 2023
(in thousands)	Restaurant/Retail point in time		Restaurant/Retail over time		Government point in time		Government over time
Hardware	$	26,777	$	—	$	—	$	—
Subscription service	—		27,965		—		—
Professional service	6,485		7,357		—		—
Mission systems	—		—		—		9,383
Intelligence, surveillance, and reconnaissance solutions	—		—		—		22,216
Commercial software	—		—		80		174
Total	$	33,262	$	35,322	$	80	$	31,773