| 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, | | 2024 | | 2023 | | 2024 | | 2023 | | | | | | | | | | | | | | (In thousands) | | Primary geographical markets: | | | | | | | | | | | United States | $ | 198,712 | | | $ | 417,582 | | | $ | 348,686 | | | $ | 890,543 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | International | 104,746 | | | 293,536 | | | 218,111 | | | 546,591 | | | | | Total | $ | 303,458 | | | $ | 711,118 | | | $ | 566,797 | | | $ | 1,437,134 | | | | | | | | | | | | | | | Timing of revenue recognition: | | | | | | | | | | | Products delivered at a point in time | $ | 272,592 | | | $ | 684,122 | | | $ | 505,737 | | | $ | 1,385,774 | | | | | Products and services delivered over time | 30,866 | | | 26,996 | | | 61,060 | | | 51,360 | | | | | Total | $ | 303,458 | | | $ | 711,118 | | | $ | 566,797 | | | $ | 1,437,134 | | | |
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| Summary of Contract Assets and Contract Liabilities, and Changes in Balances from Contracts with Customers |
Accounts receivables, and contract assets and contract liabilities from contracts with customers, are as follows: | | | | | | | | | | | | | June 30,
2024 | | December 31,
2023 | | | | | | (In thousands) | | Accounts receivables | $ | 277,475 | | | $ | 445,959 | | | | | | | Short-term contract assets (Prepaid expenses and other assets) | 41,736 | | | 40,241 | | | Long-term contract assets (Other assets) | 119,644 | | | 124,190 | | | | | | | | | | | Short-term contract liabilities (Deferred revenues, current) | 123,577 | | | 118,300 | | | Long-term contract liabilities (Deferred revenues, non-current) | 353,199 | | | 369,172 | | | | | |
Significant changes in the balances of contract assets (prepaid expenses and other assets) as of June 30, 2024 are as follows (in thousands): | | | | | | | Contract Assets | | | Contract Assets, beginning of period | $ | 164,431 | | | Amount recognized | (21,225) | | | Increased due to billings | 18,174 | | | Contract Assets, end of period | $ | 161,380 | |
Significant changes in the balances of contract liabilities (deferred revenues) as of June 30, 2024 are as follows (in thousands): | | | | | | | Contract Liabilities | | | Contract Liabilities, beginning of period | $ | 487,472 | | | Revenue recognized | (61,060) | | | | | Increased due to billings | 50,364 | | | | | Contract Liabilities, end of period | $ | 476,776 | | | | | |
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| 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,
2024 | | (In thousands) | | Fiscal year: | | | 2024 (remaining six months) | $ | 62,818 | | | 2025 | 117,914 | | | 2026 | 100,983 | | | 2027 | 81,367 | | | 2028 | 60,125 | | | Thereafter | 53,569 | | | Total | $ | 476,776 | | | | | | | | | | | |
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