v3.24.2.u1
Segment Information and Geographic Data
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information and Geographic Data

14. Segment Information and Geographic Data

The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the chief operating decision maker (“CODM”), which is the Company’s chief executive officer, in deciding how to allocate resources and assess performance. The Company’s CODM evaluates the Company’s financial information and resources and assesses the performance of these resources on a consolidated basis. Since the Company operates in one operating segment, all required financial segment information can be found in the consolidated financial statements. Revenue and long-lived assets by geographic region, based on the physical location of the operations recording the sale or the asset, are as follows:

Revenues by geographical region:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

 

(in thousands)

 

Americas

 

$

386,325

 

 

$

321,827

 

 

$

760,872

 

 

$

629,650

 

Europe

 

 

199,673

 

 

 

162,741

 

 

 

392,795

 

 

 

313,580

 

Asia Pacific

 

 

51,232

 

 

 

44,570

 

 

 

100,977

 

 

 

87,528

 

Total

 

$

637,230

 

 

$

529,138

 

 

$

1,254,644

 

 

$

1,030,758

 

Percentage of revenues generated outside of the Americas

 

 

39

%

 

 

39

%

 

 

39

%

 

 

39

%

Revenue derived from customers outside the United States (international) was approximately 47% of total revenue in the three and six months ended June 30, 2024, 47% of total revenue in the three months ended June 30, 2023 and 46% of total revenue in the six months ended June 30, 2023.

Total long-lived assets by geographical region:
 

 

 

As of June 30, 2024

 

 

As of December 31, 2023

 

 

 

(in thousands)

 

Americas

 

$

226,822

 

 

$

235,141

 

Europe

 

 

101,818

 

 

 

112,176

 

Asia Pacific

 

 

5,652

 

 

 

7,085

 

Total long-lived assets

 

$

334,292

 

 

$

354,402

 

Percentage of long-lived assets held outside of the Americas

 

 

32

%

 

 

34

%