Revenue (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables illustrate the disaggregation of revenue by geographic area, groups of similar products and services and sales channels:

Net sales by geographic area

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Americas	$	216.6	$	178.4	$	421.0	$	338.7
Europe, Middle East and Africa	80.0		77.3		162.1		156.0
Asia Pacific	25.1		24.5		44.4		43.6
Total	$	321.7	$	280.2	$	627.5	$	538.3

Net sales are attributed to each geographic area based on the end-user country and are net of intercompany sales.

Net sales by groups of similar products and services

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Equipment	$	203.2	$	172.1	$	389.6	$	330.2
Parts and consumables	71.0		66.1		144.4		126.7
Service and other	47.5		42.0		93.5		81.4
Total	$	321.7	$	280.2	$	627.5	$	538.3

Net sales by sales channel

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Sales direct to consumer	$	218.7	$	179.7	$	423.8	$	343.5
Sales to distributors	103.0		100.5		203.7		194.8
Total	$	321.7	$	280.2	$	627.5	$	538.3

Schedule of Change in Sales Incentive Accrual Balance and Deferred Revenue Balance

The change in our sales incentive accrual balance was as follows:

	Six Months Ended June 30,
	2023		2022
Beginning balance	$	20.0	$	19.9
Additions to sales incentive accrual	14.0		10.3
Contract payments	(15.5)		(16.4)
Foreign currency fluctuations	0.1		(0.5)
Ending balance	$	18.6	$	13.3

The change in the deferred revenue balance was as follows:

	Six Months Ended June 30,
	2023		2022
Beginning balance	$	9.3	$	11.2
Increase in deferred revenue representing our obligation to satisfy future performance obligations	10.3		15.6
Decrease in deferred revenue for amounts recognized in net sales for satisfied performance obligations	(10.8)		(14.8)
Foreign currency fluctuations	0.1		(0.3)
Ending balance	$	8.9	$	11.7

Schedule of Recognition of Net Sales in Future Periods

Of these amounts, we expect to recognize the following approximate amounts in net sales in the following periods:

Remaining 2023	$	5.4
2024	1.8
2025	1.0
2026	0.4
2027	0.2
Thereafter	0.1
Total	$	8.9