v3.26.3
Revenue From Contracts With Customers
 9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue From Contracts With Customers

3. REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregated Net Sales

See Note 6 for the presentation of net sales by segment and geographic region.

Allowance for Credit Losses

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Allowance for credit losses, beginning of period

 

$

0.5

 

 

$

0.6

 

 

$

1.2

 

 

$

1.4

 

Provision (benefit)

 

 

—

 

 

 

1.4

 

 

 

(0.7

)

 

 

0.3

 

Foreign exchange and other

 

 

—

 

 

 

(0.1

)

 

 

—

 

 

 

0.2

 

Allowance for credit losses, end of period

 

$

0.5

 

 

$

1.9

 

 

$

0.5

 

 

$

1.9

 

Customer Contract Balances

The following table provides the balance sheet location and amounts of contract assets, or unbilled accounts receivable, and contract liabilities, or deferred revenue, from contracts with customers:

Contract Balance Type

 

Balance Sheet Location

 

September 30,
2026

 

 

December 31,
2025

 

Unbilled accounts receivable

 

Accounts receivable, net of allowance
   for credit losses

 

$

14.8

 

 

$

9.3

 

 

 

 

 

 

 

 

 

 

Deferred revenue – current

 

Accrued and other liabilities

 

$

24.3

 

 

$

18.5

 

Deferred revenue – noncurrent

 

Other noncurrent liabilities

 

 

1.7

 

 

 

1.4

 

   Total contract liabilities

 

 

 

$

26.0

 

 

$

19.9

 

 

There were no material changes to contract asset balances for the nine months ended September 30, 2026 as a result of changes in estimates or impairments. The change in the contract liability balance from December 31, 2025 to September 30, 2026 was primarily due to upfront support billings to be recognized over the support term. During the three and nine months ended September 30, 2026, the Company recognized $1.5 million and $15.5 million, respectively, of revenue related to contract liabilities recorded as of December 31, 2025.