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Cover page - shares	6 Months Ended
Cover page - shares	Jun. 30, 2020	Jul. 31, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2020
Entity File Number	0-23081
Entity Registrant Name	FARO TECHNOLOGIES, INC
Entity Central Index Key	0000917491
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	59-3157093
Entity Address, Address Line One	250 Technology Park,
Entity Address, City or Town	Lake Mary,
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32746
City Area Code	407
Local Phone Number	333-9911
Title of 12(b) Security	Common Stock, par value $.001
Trading Symbol	FARO
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		17,782,205

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 173,700	$ 133,634
Short-term investments	0	24,870
Accounts receivable, net	48,113	76,162
Inventories, net	53,425	58,554
Prepaid expenses and other current assets	20,795	28,996
Total current assets	296,033	322,216
Non-current assets:
Property, plant and equipment, net	22,507	26,954
Operating lease right-of-use asset	14,684	18,418
Goodwill	49,184	49,704
Intangible assets, net	12,744	14,471
Service and sales demonstration inventory, net	34,130	33,349
Deferred income tax assets, net	21,153	18,766
Other long-term assets	2,872	2,964
Total assets	453,307	486,842
Current liabilities:
Accounts payable	12,067	13,718
Accrued liabilities	42,975	38,072
Income taxes payable	1,258	5,182
Lease liability	4,904	6,674
Total current liabilities	101,135	105,965
Unearned service revenues - less current portion	19,582	20,578
Lease liability - less current portion	11,651	13,698
Deferred income tax liabilities	285	357
Income taxes payable - less current portion	12,058	13,177
Other long-term liabilities	35	1,075
Total liabilities	144,746	154,850
Commitments and contingencies - See Note 13
Shareholders’ equity:
Common Stock, Value, Issued	19	19
Additional paid-in capital	273,325	267,868
Retained earnings	89,124	112,879
Accumulated other comprehensive loss	(22,865)	(17,399)
Treasury Stock, Value	(31,042)	(31,375)
Total shareholders’ equity	308,561	331,992
Total liabilities and shareholders’ equity	453,307	486,842
Current portion of unearned service revenues
Current liabilities:
Current portion of unearned service revenues	36,480	39,211
Customer deposits	36,480	39,211
Customer deposits
Current liabilities:
Current portion of unearned service revenues	3,451	3,108
Customer deposits	$ 3,451	$ 3,108

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	19,168,021	17,769,580
Common stock, shares outstanding (in shares)	18,988,379	17,576,618
Treasury stock, shares (in shares)	1,398,441	1,411,761

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Sales	$ 60,564	$ 93,491	$ 140,079	$ 187,108
Cost of Sales	31,668	42,751	67,310	83,349
Gross Profit	28,896	50,740	72,769	103,759
Operating Expenses
Selling, general and administrative	30,036	45,007	66,360	86,027
Research and development	10,186	10,626	20,601	22,267
Restructuring costs	636	0	14,324	0
Total operating expenses	40,858	55,633	101,285	108,294
Loss from operations	(11,962)	(4,893)	(28,516)	(4,535)
Other expense
Interest expense, net	212	240	246	96
Other expense, net	117	1,689	590	1,884
Loss before income tax benefit	(12,291)	(6,822)	(29,352)	(6,515)
Income tax benefit	(3,359)	(417)	(5,597)	(262)
Net loss	$ (8,932)	$ (6,405)	$ (23,755)	$ (6,253)
Net (loss) income per share - Basic (in dollars per share)	$ (0.50)	$ (0.37)	$ (1.34)	$ (0.36)
Net (loss) income per share - Diluted (in dollars per share)	$ (0.50)	$ (0.37)	$ (1.34)	$ (0.36)
Weighted average shares - Basic (in shares)	17,747,739	17,333,996	17,710,014	17,323,479
Weighted average shares - Diluted (in shares)	17,747,739	17,333,996	17,710,014	17,323,479
Product
Sales	$ 42,259	$ 71,045	$ 98,784	$ 142,622
Cost of Sales	21,333	30,505	44,399	58,456
Service
Sales	18,305	22,446	41,295	44,486
Cost of Sales	$ 10,335	$ 12,246	$ 22,911	$ 24,893

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (8,932)	$ (6,405)	$ (23,755)	$ (6,253)
Currency translation adjustments, net of income taxes	(1,688)	1,263	(5,466)	(301)
Comprehensive loss	$ (10,620)	$ (5,142)	$ (29,221)	$ (6,554)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities:
Net loss	$ (23,755)	$ (6,253)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	7,209	9,322
Stock-based compensation	4,345	5,316
Provisions for bad debts, net of recoveries	680	2
Loss on disposal of assets	299	348
Provision for excess and obsolete inventory	479	1,481
Deferred income tax benefit	(2,404)	(11)
Impairment charge on equity method investment	0	1,535
Decrease (Increase) in:
Accounts receivable	26,180	14,442
Inventories	892	(9,687)
Prepaid expenses and other current assets	11,347	2,282
Increase (Decrease) in:
Accounts payable and accrued liabilities	(1,395)	(1,466)
Income taxes payable	(5,058)	(3,119)
Net cash provided by operating activities	16,064	17,744
Investing activities:
Purchases of property and equipment	(1,533)	(3,693)
Proceeds from sale of investments	25,000	0
Proceeds from asset sales	643	0
Payments for intangible assets	(673)	(1,233)
Net cash provided by (used in) investing activities	23,437	(4,926)
Financing activities:
Payments on finance leases	(160)	(187)
Payments of contingent consideration for acquisitions	0	(250)
Payments for taxes related to net share settlement of equity awards	(2,409)	(1,440)
Proceeds from issuance of stock related to stock option exercises	3,854	735
Net cash provided by (used in) financing activities	1,285	(1,142)
Effect of exchange rate changes on cash and cash equivalents	(720)	145
Increase in cash and cash equivalents	40,066	11,821
Cash and cash equivalents, beginning of period	133,634	108,783
Cash and cash equivalents, end of period	173,700	120,604
Customer deposits
Increase (Decrease) in:
Increase (decrease) in contract with customer, liability	384	(446)
Current portion of unearned service revenues
Increase (Decrease) in:
Increase (decrease) in contract with customer, liability	$ (3,139)	$ 3,998

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Common Stock in Treasury
Beginning Balance (in shares) at Dec. 31, 2018			17,253,011
Beginning Balance at Dec. 31, 2018	$ 376,609		$ 19	$ 251,329	$ 175,353		$ (18,483)	$ (31,609)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	152				152
Currency translation adjustment	(1,564)						(1,564)
Stock-based compensation	2,564			2,564
Common stock issued, net of shares withheld for employee taxes (in shares)			64,864
Common stock issued, net of shares withheld for employee taxes	(846)			(1,053)				207
Ending Balance (in shares) at Mar. 31, 2019			17,317,875
Ending Balance at Mar. 31, 2019	$ 376,588		$ 19	252,840	175,178		(20,047)	(31,402)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201409Member
Beginning Balance (in shares) at Dec. 31, 2018			17,253,011
Beginning Balance at Dec. 31, 2018	$ 376,609		$ 19	251,329	175,353		(18,483)	(31,609)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(6,253)
Currency translation adjustment	(301)
Ending Balance (in shares) at Jun. 30, 2019			17,339,062
Ending Balance at Jun. 30, 2019	374,339		$ 19	255,706	168,773		(18,784)	(31,375)
Beginning Balance (in shares) at Mar. 31, 2019			17,317,875
Beginning Balance at Mar. 31, 2019	376,588		$ 19	252,840	175,178		(20,047)	(31,402)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(6,405)				(6,405)
Currency translation adjustment	1,263						1,263
Stock-based compensation	2,752			2,752
Common stock issued, net of shares withheld for employee taxes (in shares)			21,187
Common stock issued, net of shares withheld for employee taxes	141			114				27
Ending Balance (in shares) at Jun. 30, 2019			17,339,062
Ending Balance at Jun. 30, 2019	$ 374,339		$ 19	255,706	168,773		(18,784)	(31,375)
Beginning Balance (in shares) at Dec. 31, 2019	17,576,618		17,576,618
Beginning Balance at Dec. 31, 2019	$ 331,992	$ (327)	$ 19	267,868	112,879	$ (327)	(17,399)	(31,375)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(14,823)				(14,823)
Currency translation adjustment	(3,778)						(3,778)
Stock-based compensation	2,178			2,178
Common stock issued, net of shares withheld for employee taxes (in shares)			141,561
Common stock issued, net of shares withheld for employee taxes	1,221			894				327
Ending Balance (in shares) at Mar. 31, 2020			17,718,179
Ending Balance at Mar. 31, 2020	$ 316,790		$ 19	270,940	98,056		(21,177)	(31,048)
Beginning Balance (in shares) at Dec. 31, 2019	17,576,618		17,576,618
Beginning Balance at Dec. 31, 2019	$ 331,992	$ (327)	$ 19	267,868	112,879	$ (327)	(17,399)	(31,375)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(23,755)
Currency translation adjustment	$ (5,466)
Ending Balance (in shares) at Jun. 30, 2020	18,988,379		17,769,580
Ending Balance at Jun. 30, 2020	$ 308,561		$ 19	273,325	89,124		(22,865)	(31,042)
Beginning Balance (in shares) at Mar. 31, 2020			17,718,179
Beginning Balance at Mar. 31, 2020	316,790		$ 19	270,940	98,056		(21,177)	(31,048)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(8,932)				(8,932)
Currency translation adjustment	(1,688)						(1,688)
Stock-based compensation	2,167			2,167
Common stock issued, net of shares withheld for employee taxes (in shares)			51,401
Common stock issued, net of shares withheld for employee taxes	$ 224			218				6
Ending Balance (in shares) at Jun. 30, 2020	18,988,379		17,769,580
Ending Balance at Jun. 30, 2020	$ 308,561		$ 19	$ 273,325	$ 89,124		$ (22,865)	$ (31,042)

- Definition

Indicates amendment to accounting standards.

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References + Details

Description of Business

6 Months Ended

Jun. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of Business

DESCRIPTION OF BUSINESS

FARO Technologies, Inc. and its subsidiaries (collectively “FARO,” the “Company,” “us,” “we” or “our”) design, develop, manufacture, market and support software driven, three-dimensional (“3D”) measurement and imaging solutions. This technology permits high-precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes. Our devices are used for inspection of components and assemblies, rapid prototyping, reverse engineering, documenting large volume or structures in 3D, surveying and construction, as well as for investigation and reconstruction of accident sites or crime scenes. We sell the majority of our products through a direct sales force across a broad number of customers in a range of manufacturing, industrial, architecture, surveying, building information modeling, construction, public safety forensics, cultural heritage, and other applications. Our FaroArm^®, FARO ScanArm^®, FARO Laser Tracker^TM, FARO Laser Projector, and their companion CAM2^®, BuildIT, and BuildIT Projectorsoftware solutions, provide for Computer-Aided Design (“CAD”) based inspection, factory-level statistical process control, high-density surveying, and laser-guided assembly and production. Together, these products integrate the measurement, quality inspection, and reverse engineering functions with CAD and 3D software to improve productivity, enhance product quality, and decrease rework and scrap in the manufacturing process, mainly supporting applications in the automotive, aerospace, metal and machine fabrication and other industrial manufacturing markets. Our FARO Focus and FARO ScanPlan, and their companion FARO SCENE, BuildIT, FARO As-Built^TM, and FARO Zone public safety forensics software offerings, are utilized for a wide variety of 3D modeling, documentation and high-density surveying applications primarily in the architecture, engineering and construction and public safety markets. Our FARO ScanArm^®and its companion SCENE software also enable a fully digital workflow used to capture real world geometry for the purpose of empowering design, enabling innovation, and speeding up the design cycle.

Since the fourth quarter of 2016 to the fourth quarter of 2019, we had operated in five verticals—3D Manufacturing, Construction Building Information Modeling (“Construction BIM”), Public Safety Forensics, 3D Design and Photonics—and had three reporting segments—3D Manufacturing, Construction BIM and Emerging Verticals. As discussed in our Quarterly Report on Form 10-Q for the third quarter of 2019, our new management team, led by our new Chief Executive Officer (“CEO”), formulated and began to implement a new comprehensive strategic plan for our business. As part of our strategic planning process, we identified areas of our business that needed enhanced focus or change in order to improve our efficiency and cost structure. In the fourth quarter of 2019, we reassessed and redefined our go-to-market strategy, refocused our marketing engagement with our customers and re-evaluated our hardware product portfolio. In the second quarter of 2020, we disposed of our Photonics business and 3D Design related assets obtained from our acquisition of Opto-Tech SRL and its subsidiary Open Technologies SRL (collectively, “Open Technologies”).

As part of our new strategic plan, and based on the recommendation of our CEO, who is also our Chief Operating Decision Maker (“CODM”), in the fourth quarter of 2019, we eliminated our vertical structure and began reorganizing the Company into a functional structure. Our executive leadership team is now comprised of functional leaders in areas such as sales, marketing, operations, research and development and general and administrative, and resources are allocated to each function at a consolidated unit level. We no longer have separate business units, or segment managers or vertical leaders who report to the CODM with respect to operations, operating results or planning for levels or components below the total Company level. Instead, our CODM now allocates resources and evaluates performance on a Company-wide basis. Based on these changes, commencing with the fourth quarter of 2019, we are now reporting as one reporting segment that develops, manufactures, markets, supports and sells CAD-based quality assurance products integrated with CAD-based inspection and statistical process control software and 3D documentation systems. Our reporting segment sells into a variety of end markets, including automotive, aerospace, metal and machine fabrication, architecture, engineering, construction and public safety.

Reclassification and Related Changes to Presentation

Certain prior year amounts have been reclassified in the accompanying condensed consolidated financial statements to conform to the current period presentation:

•Commencing with the third quarter of 2019, depreciation and amortization expenses are being reported in the accompanying statements of operations to reflect departmental costs. Previously, those expenses were reported as a separate line item under operating expenses. Amounts related to depreciation and amortization expenses for the three and six months ended June 30, 2019 have been reclassified throughout this Quarterly Report on Form 10-Q to reflect this reclassification of depreciation and amortization expenses and to conform to the current period presentation, as set forth in the following table;

•Selling and marketing expenses and general and administrative expenses are now being reported in the accompanying statements of operations together in one line as Selling, general and administrative. Previously, those expenses were reported as two separate line items under operating expenses. Amounts related to selling, general and administrative expenses for the three and six months ended June 30, 2019 have been reclassified throughout this Quarterly Report on Form 10-Q to reflect this reclassification of selling, general and administrative expenses and to conform to the current period presentation, as set forth in the following table;

•Software maintenance revenue is now being reported in the accompanying statements of operations as a component of product sales. Previously, these revenues were reported in service sales. Amounts related to software maintenance revenue for the three and six months ended June 30, 2019 have been reclassified throughout this Quarterly Report on Form 10-Q to reflect this reclassification of software maintenance revenue and to conform to the current period presentation, as set forth in the following table; and

•Software maintenance cost of sales is now being reported in the accompanying statements of operations as a component of product cost of sales. Previously, these cost of sales was reported in service cost of sales. Amounts related to software maintenance cost of sales for the three and six months ended June 30, 2019 have been reclassified throughout this Quarterly Report on Form 10-Q to reflect this reclassification of software maintenance cost of sales and to conform to the current period presentation, as set forth in the following table.


For the three months ended, June 30, 2019
	As Reported		Depreciation and Amortization Adjustment		Selling, General and Administrative Adjustment		Software Maintenance and Other Adjustments		As Adjusted
Sales
Product	$	67,992	$	—	$	—	$	3,053	$	71,045
Service	25,499		—		—		(3,053)		22,446
Total sales	$	93,491	$	—	$	—	$	—	$	93,491

Cost of Sales
Product	$	29,037	$	796	$	—	$	672	$	30,505
Service	12,135		783		—		(672)		12,246
Total cost of sales	$	41,172	$	1,579	$	—	$	—	$	42,751

Operating Expenses
Selling, general and administrative	$	—	$	1,459	$	43,548	$	—	$	45,007
Selling and marketing	29,124		—		(29,124)		—		—
General and administrative	14,424		—		(14,424)		—		—
Depreciation and amortization	4,573		(4,573)		—		—		—
Research and development	9,091		1,535		—		—		10,626
Total operating expenses	$	57,212	$	(1,579)	$	—	$	—	$	55,633


For the six months ended, June 30, 2019
	As Reported		Depreciation and Amortization Adjustment		Selling, General and Administrative Adjustment		Software Maintenance and Other Adjustments		As Adjusted
Sales
Product	$	136,792	$	—	$	—	$	5,830	$	142,622
Service	50,316		—		—		(5,830)		44,486
Total sales	$	187,108	$	—	$	—	$	—	$	187,108

Cost of Sales
Product	$	55,165	$	1,972	$	—	$	1,319	$	58,456
Service	24,605		1,607		—		(1,319)		24,893
Total cost of sales	$	79,770	$	3,579	$	—	$	—	$	83,349

Operating Expenses
Selling, general and administrative	$	—	$	2,502	$	83,525	$	—	$	86,027
Selling and marketing	55,877		—		(55,877)		—		—
General and administrative	27,648		—		(27,648)		—		—
Depreciation and amortization	9,322		(9,322)		—		—		—
Research and development	19,026		3,241		—		—		22,267
Total operating expenses	$	111,873	$	(3,579)	$	—	$	—	$	108,294

The following table summarizes total stock-based compensation expense for each of the line items on our condensed consolidated statement of operations:


	Three Months Ended						Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Cost of Sales
Product	$	41	$	160	$	195	$	313
Service	52		108		169		188
Total cost of sales	$	93	$	268	$	364	$	501

Operating Expenses
Selling, general and administrative	$	1,617	$	2,172	$	3,140	$	4,306
Research and development	459		312		841		509
Total operating expenses	$	2,076	$	2,484	$	3,981	$	4,815

COVID-19 and Impact On Our Business

Our business is significantly vulnerable to the economic effects of pandemics and other public health crises, including the ongoing novel coronavirus (“COVID-19”) outbreak that has surfaced in virtually every country of our global operating footprint. During the second quarter of 2020, we experienced a significant decline in the demand for our products and services across all of our served markets as a result of the impact of the spread of COVID-19. Although COVID-19 has negatively impacted demand for our products and services overall, the global pandemic also has provided us with the opportunity to adapt to a virtual environment and to capitalize on our existing virtual sales demonstration infrastructure which we have had in place for several years. There has been an increase in the attendance of our virtual training and product information seminars as our customers take advantage of the opportunity to remotely participate and to better understand the capabilities of our products and software offerings.

We continue to assess the ongoing impact of COVID-19 on our business results and remain committed to taking actions to address the health and safety of our employees and customers, as well as the negative effects from demand disruption and production impacts, including, but not limited to, the following:

•Operating our business with a focus on our employee health and safety, which includes minimizing travel, remote work policies, maintaining employee distancing and enhanced sanitation of all of our facilities;

•Monitoring of our liquidity, reduction of supply flows into our manufacturing facilities, disciplined inventory management, and scrutinization of our capital expenditures; and

•Continuously reviewing our financial strategy to strengthen financial flexibility in these volatile financial markets.

We continue to maintain a strong capital structure with a cash balance of $173.7 million and no debt as of June 30, 2020. We believe that our liquidity position is adequate to meet our projected needs in the reasonably foreseeable future.

Future developments, such as the potential resurgence of COVID-19 in countries that have begun to recover from the early impact of the pandemic and actions taken by governments in response to future resurgence, that are highly uncertain and not able to be predicted will determine the extent to which the COVID-19 outbreak continues to impact the Company’s results of operations and financial conditions. See Item 1A, Risk Factors, included in Part II of this Quarterly Report on Form 10-Q for an additional discussion of risks related to COVID-19.

Principles of Consolidation	6 Months Ended
Principles of Consolidation	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	PRINCIPLES OF CONSOLIDATIONOur condensed consolidated financial statements include the accounts of FARO Technologies, Inc. and its subsidiaries, all of which are wholly-owned. All intercompany transactions and balances have been eliminated. The financial statements of our foreign subsidiaries are translated into U.S. dollars using exchange rates in effect at period-end for assets and liabilities and average exchange rates during each reporting period for results of operations. Adjustments resulting from financial statement translations are reflected as a separate component of accumulated other comprehensive loss. Foreign currency transaction gains and losses are included in net loss.

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements and notes thereto have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions of Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. These condensed consolidated financial statements include all normal recurring accruals and adjustments considered necessary by management for a fair presentation in conformity with U.S. GAAP. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. The condensed consolidated results of operations for the three and six months ended June 30, 2020 are not necessarily indicative of results that may be expected for the year ending December 31, 2020 or any future period. The information included in this Quarterly Report on Form 10-Q, including the interim condensed consolidated financial statements and the accompanying notes, should be read in conjunction with the audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019. The accompanying December 31, 2019 condensed consolidated balance sheet has been derived from those audited consolidated financial statements.

Impact of Recently Issued Accounting Pronouncements	6 Months Ended
Impact of Recently Issued Accounting Pronouncements	Jun. 30, 2020
Accounting Changes and Error Corrections [Abstract]
Impact of Recently Issued Accounting Pronouncements	IMPACT OF RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Impact of Recently Issued Accounting Standards In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes which amends and aims to simplify accounting disclosure requirements regarding a number of topics including: intraperiod tax allocation, accounting for deferred taxes when there are changes in consolidation of certain investments, tax basis step up in an acquisition and the application of effective rate changes during interim periods, amongst other improvements. This standard is effective for fiscal years beginning after December 15, 2020 and allows for early adoption. We are currently assessing the impact of this new standard on our condensed consolidated financial statements. Impact of Recently Adopted Accounting Standards In February 2016, the FASB issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) (“ASU 2016-02”), which is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements to enable users of financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. ASU No. 2018-11, Leases (Topic 842): Targeted Improvements, was issued by the FASB in July 2018 and allows for a cumulative-effect adjustment transition method of adoption. The new guidance is effective for fiscal years beginning after December 15, 2018 and interim periods within those years. We adopted ASU 2016-02 effective as of January 1, 2019 utilizing the cumulative-effect adjustment transition method of adoption, which resulted in the recognition on our condensed consolidated balance sheet as of March 31, 2019 of $18.9 million of right-of-use assets for operating leases, $19.9 million of lease liability for operating leases, $0.9 million of property and equipment, net for finance leases and $0.9 million of lease liability for finance leases under which we function as a lessee. We elected certain practical expedients available under the transition provisions to (i) allow aggregation of non-lease components with the related lease components when evaluating accounting treatment, (ii) apply the modified retrospective adoption method, utilizing the simplified transition option, which allows us to continue to apply the legacy guidance in FASB ASC Topic 840, including its disclosure requirements, in the comparative periods presented in the year of adoption, and (iii) use hindsight in determining the lease term (that is, when considering our options to extend or terminate the lease and to purchase the underlying asset) and in assessing impairment of our right-of-use assets. The adoption of ASU 2016-02 also required us to include any initial direct costs, which are incremental costs that would not have been incurred had the lease not been obtained, in the right-of-use assets. The recognition of these costs in connection with our adoption of this guidance did not have a material impact on our condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13, and subsequent related amendments to ASU 2016-13, replaced the existing incurred loss impairment model with an expected loss model that requires the use of forward-looking information to calculate credit loss estimates. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. These changes will result in earlier recognition of credit losses. We performed an analysis to identify the Company's financial instruments which would be impacted by the promulgated amendment and identified both our trade receivables and our U.S. Treasury Bill investments. We adopted ASU 2016-13 prospectively, effective January 1, 2020, by evaluating the qualitative and quantitative characteristics of our credit-based customer portfolio. We extend credit to a customer based on an evaluation of the customer’s financial condition and, generally, collateral is not required. Trade receivables are generally due within 30 to 90 days and accounts outstanding longer than the contractual payment terms are considered past due. As part of our analysis, we calculated an allowance for all trade receivables based on our review of historical trends and future expectations for the regions we sell within, current outstanding customer balances, and the length of time balances have been outstanding. We also evaluated an allowance for our U.S. Treasury Bill investments but as they were low risk and short-term, these allowances were approximated to be zero. The adoption of ASU 2016-13 did not have a material impact on our condensed consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”), which is intended to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the current guidance, performance of Step 2 requires us to calculate the implied fair value of goodwill by following procedures that would be required to determine the fair value of assets acquired and liabilities assumed in a business combination. Under the new guidance, we will perform our goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge will be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value up to the amount of the goodwill allocated to the reporting unit. The new guidance also eliminates the requirements for any reporting unit with a zero or negative carrying amount to perform Step 2 of the goodwill impairment test if it fails the qualitative assessment. As a result, all reporting units will be subject to the same impairment assessment. We will still have the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. We early adopted this guidance in fiscal 2019. The adoption of ASU 2017-04 did not did not have a material impact on our condensed consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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+ Details

Revenues

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenues

REVENUES

The following tables present our revenues by sales type as presented in our condensed consolidated statements of operations disaggregated by the timing of transfer of goods or services (in thousands, unaudited):


	For the Three Months Ended June 30,
	2020		2019
Product sales
Product transferred to customers at a point in time	$	39,209	$	68,202
Product transferred to customers over time	3,050		2,843
	$	42,259	$	71,045


	For the Six Months Ended June 30,
	2020		2019
Product sales
Product transferred to customers at a point in time	$	92,764	$	137,176
Product transferred to customers over time	6,020		5,446
	$	98,784	$	142,622


	For the Three Months Ended June 30,
	2020		2019
Service sales
Service transferred to customers at a point in time	$	6,649	$	11,609
Service transferred to customers over time	11,656		10,837
	$	18,305	$	22,446


	For the Six Months Ended June 30,
	2020		2019
Service sales
Service transferred to customers at a point in time	$	17,644	$	23,290
Service transferred to customers over time	23,651		21,196
	$	41,295	$	44,486

The following table presents our revenues disaggregated by geography, based on the billing addresses of our customers (in thousands, unaudited):


	For the Three Months Ended June 30,
	2020		2019
Total sales to external customers
United States	$	24,445	$	35,161
EMEA ⁽¹⁾	16,720		30,030
Other APAC ⁽¹⁾	10,582		15,387
China	7,485		8,961
Other Americas ⁽¹⁾	1,332		3,952
	$	60,564	$	93,491


	For the Six Months Ended June 30,
	2020		2019
Total sales to external customers
United States	$	57,536	$	71,009
EMEA ⁽¹⁾	40,410		61,130
Other APAC ⁽¹⁾	26,069		30,429
China	12,233		17,256
Other Americas ⁽¹⁾	3,831		7,284
	$	140,079	$	187,108

⁽¹⁾Regions represent Europe, the Middle East, and Africa (EMEA); Asia-Pacific, excluding China (Other APAC); and Canada, Mexico, and Brazil (Other Americas).

For revenue related to our measurement and imaging equipment and related software, we allocate the contract price to performance obligations based on our best estimate of the standalone selling price. We make this allocation estimate utilizing data from the sale of our applicable products and services to customers separately in similar circumstances, with the exception of software licenses. With respect to software licenses, we use the residual method for allocating the contract price to performance obligations. Revenue related to our measurement and imaging equipment and related software is generally recognized upon shipment from our facilities or when delivered to the customer location, as determined by the agreed upon shipping terms, at which time we are entitled to payment and title and control has passed to the customer. Software arrangements generally include short-term maintenance that is considered post-contract support (“PCS”), which is considered to be a separate performance obligation. We generally establish a standalone sales price for this PCS component based on our maintenance renewal rate. Maintenance renewals, when sold, are recognized on a straight-line basis over the term of the maintenance agreement. Payments for products and services are collected within a short period of time following transfer of control or commencement of delivery of services, as applicable.

Further, customers frequently purchase extended warranties with the purchase of measurement equipment and related software. Warranties are considered a performance obligation when services are transferred to a customer over time, and, as such, we recognize revenue on a straight-line basis over the warranty term. Extended warranty sales primarily include contract periods that extend between one month and three years.

We capitalize commission expenses related to deliverables transferred to a customer over time and amortize such costs ratably over the term of the contract. As of June 30, 2020, the deferred cost asset related to deferred commissions was approximately $3.0 million. For classification purposes, $2.0 million and $1.0 million are comprised within the Prepaid expenses and other current assets and Other long-term assets, respectively, on our condensed consolidated balance sheet as of June 30, 2020. As of December 31, 2019, the deferred cost asset related to deferred commissions was approximately $3.1 million. For classification purposes, $2.1 million and $1.0 million were comprised within the Prepaid expenses and other current assets and Other long-term assets, respectively, on our condensed consolidated balance sheet as of December 31, 2019.

The unearned service revenue liabilities reported on our condensed consolidated balance sheets reflect the contract liabilities to satisfy the remaining performance obligations for extended warranties and software maintenance. The current portion of unearned service revenues on our condensed consolidated balance sheets is what we expect to recognize to revenue within twelve months after the applicable balance sheet date relating to extended warranty and software maintenance contract liabilities. The unearned service revenues - less current portion on our condensed consolidated balance sheets is what we expect to recognize to revenue extending beyond twelve months after the applicable balance sheet date relating to extended warranty and software maintenance contract liabilities. During the three and six months ended June 30, 2020, we recognized $9.8 million and $22.0 million of revenue that was deferred on our condensed consolidated balance sheet as of December 31, 2019. During the three and six months ended June 30, 2019, we recognized $8.8 million and $19.7 million of revenue that was deferred on our consolidated balance sheet as of December 31, 2018.

The nature of certain of our contracts gives rise to variable consideration, which may be constrained, primarily related to an allowance for sales returns and contracts with certain government customers. We are required to estimate the contract asset related to sales returns and record a corresponding adjustment to Cost of Sales. Our allowance for sales returns was approximately $0.1 million as of both June 30, 2020 and June 30, 2019.

Shipping and handling fees billed to customers in a sales transaction are recorded in Product Sales and shipping and handling costs incurred are recorded in Cost of Sales. We exclude from Sales any value-added sales and other taxes that we collect concurrently with revenue-producing activities.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Short-term Investments	6 Months Ended
Short-term Investments	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Short-term Investments	SHORT-TERM INVESTMENTSWe carried no short-term investments at June 30, 2020. Short-term investments at December 31, 2019 were composed of U.S. Treasury Bills totaling $24.8 million, consisting of $8.9 million that matured on March 12, 2020 and $15.9 million that matured on June 11, 2020. The interest rates on the U.S. Treasury Bills held on December 31, 2019 that matured on March 12, 2020 and June 11, 2020 were 1.8%, and 1.4%, respectively.

Accounts Receivable

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Accounts Receivable

ACCOUNTS RECEIVABLE

Accounts receivable consist of the following:


	As of As of June 30, 2020		As of As of December 31, 2019
Accounts receivable	$	52,151	$	79,611
Allowance for credit losses	(4,038)		(3,449)
Total	$	48,113	$	76,162

Inventories

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

Inventories are stated at the lower of cost or net realizable value using the first-in first-out ("FIFO") method. We have three principal categories of inventory: 1) manufactured product to be sold; 2) sales demonstration inventory - completed product used to support our sales force for demonstrations and held for sale; and 3) service inventory - completed product and parts used to support our service department and held for sale. Shipping and handling costs are classified as a component of Cost of Sales in our condensed consolidated statements of operations. Sales demonstration inventory is held by our sales representatives for up to three years, at which time it would be refurbished and transferred to finished goods as used equipment, stated at the lower of cost or net realizable value. We expect these refurbished units to remain in finished goods inventory and sold within 12 months at prices that produce reduced gross margins. Service inventory is used to provide a temporary replacement product to a customer covered by a premium warranty when the customer’s unit requires service or repair and as training equipment. Service inventory is available for sale; however, management does not expect service inventory to be sold within 12 months and, as such, classifies this inventory as a long-term asset. Service inventory that we utilize for training or repairs and which we deem as no longer available for sale is transferred to fixed assets at the lower of cost or net realizable value and depreciated over its remaining life, typically three years.

Inventories consist of the following:


	As of June 30, 2020		As of December 31, 2019
Raw materials	$	33,151	$	36,956
Finished goods	20,274		21,598
Inventories, net	$	53,425	$	58,554

Service and sales demonstration inventory, net	$	34,130	$	33,349

Loss Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Loss Per Share

LOSS PER SHARE

Basic loss per share is computed by dividing net loss by the weighted average number of shares outstanding. Diluted loss per share is computed by also considering the impact of potential common stock on net loss and the weighted average number of shares outstanding. Our potential common stock consists of employee stock options, restricted stock units and performance-based awards. Our potential common stock is included in the diluted earnings per share calculation when adding such potential common stock would not be anti-dilutive. Performance-based awards are included in the computation of diluted earnings per share only to the extent that the underlying performance conditions (and any applicable market condition) (i) are satisfied as of the end of the reporting period or (ii) would be considered satisfied if the end of the reporting period were the end of the related contingency period and the result would be dilutive under the treasury stock method. When we report a net loss for the period presented, the calculation of diluted net loss per share excludes our potential common stock, as the effect would be anti-dilutive.

For the three and six months ended June 30, 2020, there were approximately 767,458 shares issuable upon the exercise of options and the contingent vesting of performance-based restricted stock units that were excluded from the dilutive calculations, as they were anti-dilutive. For the three and six months ended June 30, 2019, there were approximately 702,202 shares issuable upon the exercise of options that were excluded from the dilutive calculations, as they were anti-dilutive.

A reconciliation of the number of common shares used in the calculation of basic and diluted loss per share is presented below:


	Three Months Ended
	June 30, 2020				June 30, 2019
	Shares	Per-Share Amount		Shares	Per-Share Amount
Basic loss per share	17,747,739	$	(0.50)	17,333,996	$	(0.37)
Effect of dilutive securities	—	—		—	—
Diluted loss per share	17,747,739	$	(0.50)	17,333,996	$	(0.37)


	Six Months Ended
	June 30, 2020				June 30, 2019
	Shares	Per-Share Amount		Shares	Per-Share Amount
Basic loss per share	17,710,014	$	(1.34)	17,323,479	$	(0.36)
Effect of dilutive securities	—	—		—	—
Diluted loss per share	17,710,014	$	(1.34)	17,323,479	$	(0.36)

Accrued Liabilities

6 Months Ended

Jun. 30, 2020

Payables and Accruals [Abstract]

Accrued Liabilities

ACCRUED LIABILITIES

Accrued liabilities consist of the following:


	As of June 30, 2020		As of December 31, 2019
Accrued compensation and benefits	$	12,501	$	15,366
Accrued restructuring costs	7,072		—
Accrued warranties	1,622		2,090
Professional and legal fees	2,220		1,793
Taxes other than income	2,765		4,077
General services administration contract contingent liability (see Note 13)	12,891		11,886
Other accrued liabilities	3,904		2,860
	$	42,975	$	38,072

Activity related to accrued warranties was as follows:


	Six Months Ended
	June 30, 2020		June 30, 2019
Balance, beginning of period	$	2,090	$	2,571
Provision for warranty expense	1,174		1,855
Fulfillment of warranty obligations	(1,642)		(1,982)
Balance, end of period	$	1,622	$	2,444

Fair Value Measurements

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurements

FAIR VALUE MEASUREMENTS

Our financial instruments include cash and cash equivalents, short-term investments, accounts receivable, customer deposits, accounts payable and accrued liabilities. The carrying amounts of such financial instruments approximate their fair value due to the short-term nature of these instruments.

Liabilities measured at fair value on a recurring basis are categorized in the tables below based upon the lowest level of significant input to the valuations:


	As of June 30, 2020
	Level 1		Level 2		Level 3
Liabilities:
Contingent consideration ⁽¹⁾	$	—	$	—	$	733
Total	$	—	$	—	$	733
	As of December 31, 2019
	Level 1		Level 2		Level 3
Liabilities:
Contingent consideration ⁽¹⁾	$	—	$	—	$	733
Total	$	—	$	—	$	733

(1)Contingent consideration liability represents arrangements to pay the former owners of certain companies we acquired based on the former owners attaining future product release milestones and is reported in current accrued liabilities. We use a probability-weighted discounted cash flow model to estimate the fair value of contingent consideration liabilities. These probability weightings are developed internally and assessed on a quarterly basis. The remaining undiscounted maximum payment under these arrangements was $1.2 million as of June 30, 2020.

Restructuring

6 Months Ended

Jun. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring

RESTRUCTURING

In the first quarter of 2020, our Board of Directors approved a global restructuring plan (the “Restructuring Plan”), which is intended to support our strategic plan in an effort to improve operating performance and ensure that we are appropriately structured and resourced to deliver increased and sustainable value to our shareholders and customers. Key activities under the Restructuring Plan include a continued focus on efficiency and cost-saving efforts, which includes decreasing total headcount by approximately 500 employees upon the completion of the Restructuring Plan.

These activities are expected to be substantially completed by the end of 2021. Pre-tax charges of approximately $49 million were recorded in the fourth quarter of 2019 in connection with the implementation of our new strategic plan and included the following:

•$21.2 million impairment of goodwill;

•$12.8 million charge, increasing our reserve for excess and obsolete inventory;

•$10.5 million impairment of intangible assets associated with recent acquisitions;

•$1.4 million impairment of intangible assets related to capitalized patents;

•$3.4 million impairment of other assets and other charges.

In connection with the Restructuring Plan, we recorded a pre-tax charge of approximately $13.7 million during the first quarter 2020 and $0.6 million during the second quarter primarily consisting of severance and related benefits, professional fees and other related charges and costs related to the disposal of our Photonics business and 3D Design related assets. We received $0.6 million in cash payments for the disposal of our Photonics business and 3D Design related assets in the current quarter. We estimate total additional pre-tax charges of $12 million to $22 million for the remainder of fiscal year 2020.

At this time, we are continuing to evaluate the future key activities by which these additional charges will originate. Actual results, including the costs of the Restructuring Plan, may differ materially from our expectations, resulting in our inability to realize the expected benefits of the Restructuring Plan and our new strategic plan and negatively impacting our ability to execute our future plans and strategies, which could have a material adverse effect on our business, financial condition and results of operations.

In connection with the Restructuring Plan, we paid $0.9 million during the first quarter 2020 and $4.5 million during the second quarter of 2020 primarily consisting of severance and related benefits. We expect an additional $11 million to $15 million of cash payments to be made for the remainder of fiscal year 2020 related to the Restructuring Plan. Activity related to the accrued restructuring charge and cash payments during the first half of 2020 was as follows:


	Severance and other benefits		Professional fees and other related charges		Total
Balance at February 14, 2020	$	—	$	—	$	—
Additions charged to expense	12,400		1,574		13,974
Cash payments	(5,379)		(1,523)		(6,902)
Balance at June 30, 2020	7,021		51		7,072

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Purchase Commitments — We enter into purchase commitments for products and services in the ordinary course of business. These purchases generally cover production requirements for 60 to 120 days as well as materials necessary to service customer units through the product lifecycle and for warranty commitments. As of June 30, 2020, we had approximately $48.1 million in purchase commitments that are expected to be delivered within the next 12 months. Legal Proceedings — We are not involved in any legal proceedings, including routine litigation arising in the normal course of business, that we believe will have a material adverse effect on our business, financial condition or results of operations. U.S. Government Contracting Matter — We have sold our products and related services to the U.S. Government (the “Government”) under General Services Administration (“GSA”) Federal Supply Schedule contracts (the “GSA Contracts”) since 2002 and are currently selling our products and related services to the Government under two such GSA Contracts. Each GSA Contract is subject to extensive legal and regulatory requirements and includes, among other provisions, a price reduction clause (the “Price Reduction Clause”), which generally requires us to reduce the prices billed to the Government under the GSA Contracts to correspond to the lowest prices billed to certain benchmark customers. Late in the fourth quarter of 2018, during an internal review we preliminarily determined that certain of our pricing practices may have resulted in the Government being overcharged under the Price Reduction Clauses of the GSA Contracts (the “GSA Matter”). As a result, we performed remediation efforts, including but not limited to, the identification of additional controls and procedures to ensure future compliance with the pricing and other requirements of the GSA Contracts. We also retained outside legal counsel and forensic accountants to assist with these efforts and to conduct a comprehensive review of our pricing and other practices under the GSA Contracts (the “Review”). On February 14, 2019, we reported the GSA Matter to the GSA and its Office of Inspector General. As a result of the GSA Matter, for the fourth quarter 2018, we reduced our total sales by a $4.8 million estimated cumulative sales adjustment, representative of the last six years of estimated overcharges to the Government under the GSA Contracts. In addition, for the fourth quarter of 2018, we recorded $0.5 million of imputed interest related to the estimated cumulative sales adjustment, which increased Interest expense, net and resulted in an estimated total liability of $5.3 million for the GSA Matter. This adjustment was based on our preliminary review as of February 20, 2019, the date of our Annual Report on Form 10-K for the year ended December 31, 2018. In addition, in first quarter 2019, we recorded an additional $0.1 million of imputed interest related to the estimated cumulative sales adjustment. On July 15, 2019, we submitted a report to the GSA and its Office of Inspector General setting forth the findings of the Review conducted by our outside legal counsel and forensic accountants. Based on the results of the Review, we reduced our total sales for second quarter 2019 by an incremental $5.8 million sales adjustment, reflecting an estimated aggregate overcharge of $10.6 million under the GSA Contracts for the period from July 2011 to March 2019. In addition, we recorded an incremental $0.7 million of imputed interest related to the estimated cumulative sales adjustment for the remainder of 2019, which increased Interest expense, net and resulted in a $6.5 million total incremental increase in the estimated total liability for the GSA Matter. In January 2020, we received requests for additional information from the GSA and its Office of Inspector General to which we corresponded through June 2020. As a result of this continuing investigation, we reduced our total sales for the second quarter 2020 by an incremental $0.6 million sales adjustment, reflecting an estimated aggregate overcharge of $11.2 million under the GSA Contracts for the period from July 2011 to June 2020. We are working with the GSA in responding to any additional inquiries arising from the investigation. We recorded an incremental $0.2 million of imputed interest related to the estimated cumulative sales adjustment for the second quarter of 2020. As of the date of the filing of this Quarterly Report on Form 10-Q, we have recorded an aggregate estimated total liability for the GSA Matter of $12.9 million. We intend to cooperate fully with this and any other Government inquiries. The Government’s review of, or investigation into, this matter could result in civil and criminal penalties, administrative sanctions, and contract remedies being imposed on us, including but not limited to, termination of the GSA Contracts, repayments of amounts already received under the GSA Contracts, forfeiture of profits, damages, suspension of payments, fines, and suspension or debarment from doing business with the Government and possibly U.S. state and local governments. We may also be subject to litigation and recovery under the federal False Claims Act and possibly similar state laws, which could include claims for treble damages, penalties, fees and costs. As a result, we cannot reasonably predict the outcome of the Government’s review of, or investigation into, this matter at this time or the resulting future financial impact on us. Any of these outcomes could have a material adverse effect on our reputation, our sales, results of operations, cash flows and financial condition, and the trading price of our common stock. In addition, we have incurred, and will continue to incur, legal and related costs in connection with the Review and the Government’s response to this matter.

Leases

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases

LEASES

We have operating and finance leases for manufacturing facilities, corporate offices, research and development facilities, sales and training facilities, vehicles, and certain equipment under which we assume the role of lessee. We do not lease assets as a lessor. Our leases have remaining lease terms of less than one year to approximately seven years, some of which include options to extend the leases for up to eight years, and some of which include options to terminate the leases within three months. We do not participate in any material subleasing activity.

We determine if an arrangement is a lease at inception. Operating leases are included in Operating lease right-of-use (“ROU”) asset, Lease liability, and Lease liability - less current portion in our condensed consolidated balance sheets. Finance leases are included in Property and equipment, net, Lease liability, and Lease liability - less current portion in our condensed consolidated balance sheets.

ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and lease liabilities are recognized on the commencement date of the lease based on the present value of lease payments over the lease term. Variable lease payments that depend on an index or rate include the variable portion when calculating ROU assets and lease liabilities. Variable lease payments that do not depend on an index or rate are expensed as incurred. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available on the commencement date of the lease to determine the present value of lease payments. We use the implicit rate when readily determinable. The operating lease ROU assets also include any lease payments made and lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option at the time the lease is commenced. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

While we have lease agreements with lease and non-lease components, we account for the lease and non-lease components as a single lease component.

The components of lease expense were as follows:


	Three Months Ended June 30, 2020		Three Months Ended June 30, 2019		Six Months Ended June 30, 2020		Six Months Ended June 30, 2019
Operating lease cost	$	2,006	$	2,029	$	4,061	$	3,997

Finance lease cost:
Amortization of ROU assets	$	78	$	98	$	160	$	190
Interest on lease liabilities	$	8	$	12	$	17	$	24
Total finance lease cost	$	86	$	110	$	177	$	214

We recognize lease payments made for short-term leases where terms are 12 months or less as the payments are incurred. Our short-term lease cost for the three months ended June 30, 2020 and June 30, 2019 were both less than $0.1 million. Our short-term lease cost for the six months ended June 30, 2020 and June 30, 2019 was less than $0.1 million and $0.1 million, respectively.

Supplemental balance sheet information related to leases was as follows:


	As of			As of
	June 30, 2020			December 31, 2019
Operating leases:
Operating lease right-of-use asset	$	14,684		$	18,418

Current operating lease liability	$	4,591		$	6,349
Operating lease liability - less current portion	11,422			13,272
Total operating lease liability	$	16,013		$	19,621

Finance leases:
Property and equipment, at cost	$	1,786		$	1,870
Accumulated depreciation	(1,301)			(1,150)
Property and equipment, net	$	485		$	720

Current finance lease liability	$	313		$	325
Finance lease liability - less current portion	229			426
Total finance lease liability	$	542		$	751

Weighted Average Remaining Lease Term (in years):
Operating leases	4.41			4.48
Finance leases	2.12			2.48

Weighted Average Discount Rate:
Operating leases	5.31		%	5.10		%
Finance leases	5.06		%	5.09		%

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30, 2020		Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,141	$	4,110
Operating cash flows from finance leases	$	17	$	24
Financing cash flows from finance leases	$	160	$	187

ROU assets obtained in exchange for lease obligations:
Operating leases	$	424	$	5,916

Maturities of lease liabilities are as follows:


Year Ending December 31,	Operating leases		Finance leases
2020 (excluding the first 6 months)	$	3,354	$	168
2021	4,203		300
2022	3,269		82
2023	2,886		38
2024	2,699		12
Thereafter	2,354		—
Total lease payments	$	18,765	$	600
Less imputed interest	(2,752)		(58)
Total	$	16,013	$	542

Leases

LEASES

While we have lease agreements with lease and non-lease components, we account for the lease and non-lease components as a single lease component.

The components of lease expense were as follows:


	Three Months Ended June 30, 2020		Three Months Ended June 30, 2019		Six Months Ended June 30, 2020		Six Months Ended June 30, 2019
Operating lease cost	$	2,006	$	2,029	$	4,061	$	3,997

Finance lease cost:
Amortization of ROU assets	$	78	$	98	$	160	$	190
Interest on lease liabilities	$	8	$	12	$	17	$	24
Total finance lease cost	$	86	$	110	$	177	$	214

Supplemental balance sheet information related to leases was as follows:


	As of			As of
	June 30, 2020			December 31, 2019
Operating leases:
Operating lease right-of-use asset	$	14,684		$	18,418

Current operating lease liability	$	4,591		$	6,349
Operating lease liability - less current portion	11,422			13,272
Total operating lease liability	$	16,013		$	19,621

Finance leases:
Property and equipment, at cost	$	1,786		$	1,870
Accumulated depreciation	(1,301)			(1,150)
Property and equipment, net	$	485		$	720

Current finance lease liability	$	313		$	325
Finance lease liability - less current portion	229			426
Total finance lease liability	$	542		$	751

Weighted Average Remaining Lease Term (in years):
Operating leases	4.41			4.48
Finance leases	2.12			2.48

Weighted Average Discount Rate:
Operating leases	5.31		%	5.10		%
Finance leases	5.06		%	5.09		%

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30, 2020		Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,141	$	4,110
Operating cash flows from finance leases	$	17	$	24
Financing cash flows from finance leases	$	160	$	187

ROU assets obtained in exchange for lease obligations:
Operating leases	$	424	$	5,916

Maturities of lease liabilities are as follows:


Year Ending December 31,	Operating leases		Finance leases
2020 (excluding the first 6 months)	$	3,354	$	168
2021	4,203		300
2022	3,269		82
2023	2,886		38
2024	2,699		12
Thereafter	2,354		—
Total lease payments	$	18,765	$	600
Less imputed interest	(2,752)		(58)
Total	$	16,013	$	542

Principles of Consolidation (Policies)	6 Months Ended
Principles of Consolidation (Policies)	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	Our condensed consolidated financial statements include the accounts of FARO Technologies, Inc. and its subsidiaries, all of which are wholly-owned. All intercompany transactions and balances have been eliminated.
Foreign Currency Translation	The financial statements of our foreign subsidiaries are translated into U.S. dollars using exchange rates in effect at period-end for assets and liabilities and average exchange rates during each reporting period for results of operations. Adjustments resulting from financial statement translations are reflected as a separate component of accumulated other comprehensive loss. Foreign currency transaction gains and losses are included in net loss.
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements and notes thereto have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions of Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. These condensed consolidated financial statements include all normal recurring accruals and adjustments considered necessary by management for a fair presentation in conformity with U.S. GAAP.
Use of Estimates	Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.
Impact of Recently Adopted and Recently Issued Accounting Standards	Impact of Recently Issued Accounting Standards In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes which amends and aims to simplify accounting disclosure requirements regarding a number of topics including: intraperiod tax allocation, accounting for deferred taxes when there are changes in consolidation of certain investments, tax basis step up in an acquisition and the application of effective rate changes during interim periods, amongst other improvements. This standard is effective for fiscal years beginning after December 15, 2020 and allows for early adoption. We are currently assessing the impact of this new standard on our condensed consolidated financial statements. Impact of Recently Adopted Accounting Standards In February 2016, the FASB issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) (“ASU 2016-02”), which is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements to enable users of financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. ASU No. 2018-11, Leases (Topic 842): Targeted Improvements, was issued by the FASB in July 2018 and allows for a cumulative-effect adjustment transition method of adoption. The new guidance is effective for fiscal years beginning after December 15, 2018 and interim periods within those years. We adopted ASU 2016-02 effective as of January 1, 2019 utilizing the cumulative-effect adjustment transition method of adoption, which resulted in the recognition on our condensed consolidated balance sheet as of March 31, 2019 of $18.9 million of right-of-use assets for operating leases, $19.9 million of lease liability for operating leases, $0.9 million of property and equipment, net for finance leases and $0.9 million of lease liability for finance leases under which we function as a lessee. We elected certain practical expedients available under the transition provisions to (i) allow aggregation of non-lease components with the related lease components when evaluating accounting treatment, (ii) apply the modified retrospective adoption method, utilizing the simplified transition option, which allows us to continue to apply the legacy guidance in FASB ASC Topic 840, including its disclosure requirements, in the comparative periods presented in the year of adoption, and (iii) use hindsight in determining the lease term (that is, when considering our options to extend or terminate the lease and to purchase the underlying asset) and in assessing impairment of our right-of-use assets. The adoption of ASU 2016-02 also required us to include any initial direct costs, which are incremental costs that would not have been incurred had the lease not been obtained, in the right-of-use assets. The recognition of these costs in connection with our adoption of this guidance did not have a material impact on our condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13, and subsequent related amendments to ASU 2016-13, replaced the existing incurred loss impairment model with an expected loss model that requires the use of forward-looking information to calculate credit loss estimates. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. These changes will result in earlier recognition of credit losses. We performed an analysis to identify the Company's financial instruments which would be impacted by the promulgated amendment and identified both our trade receivables and our U.S. Treasury Bill investments. We adopted ASU 2016-13 prospectively, effective January 1, 2020, by evaluating the qualitative and quantitative characteristics of our credit-based customer portfolio. We extend credit to a customer based on an evaluation of the customer’s financial condition and, generally, collateral is not required. Trade receivables are generally due within 30 to 90 days and accounts outstanding longer than the contractual payment terms are considered past due. As part of our analysis, we calculated an allowance for all trade receivables based on our review of historical trends and future expectations for the regions we sell within, current outstanding customer balances, and the length of time balances have been outstanding. We also evaluated an allowance for our U.S. Treasury Bill investments but as they were low risk and short-term, these allowances were approximated to be zero. The adoption of ASU 2016-13 did not have a material impact on our condensed consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”), which is intended to simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the current guidance, performance of Step 2 requires us to calculate the implied fair value of goodwill by following procedures that would be required to determine the fair value of assets acquired and liabilities assumed in a business combination. Under the new guidance, we will perform our goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge will be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value up to the amount of the goodwill allocated to the reporting unit. The new guidance also eliminates the requirements for any reporting unit with a zero or negative carrying amount to perform Step 2 of the goodwill impairment test if it fails the qualitative assessment. As a result, all reporting units will be subject to the same impairment assessment. We will still have the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. We early adopted this guidance in fiscal 2019. The adoption of ASU 2017-04 did not did not have a material impact on our condensed consolidated financial statements.
Inventory	Inventories are stated at the lower of cost or net realizable value using the first-in first-out ("FIFO") method. We have three principal categories of inventory: 1) manufactured product to be sold; 2) sales demonstration inventory - completed product used to support our sales force for demonstrations and held for sale; and 3) service inventory - completed product and parts used to support our service department and held for sale. Shipping and handling costs are classified as a component of Cost of Sales in our condensed consolidated statements of operations. Sales demonstration inventory is held by our sales representatives for up to three years, at which time it would be refurbished and transferred to finished goods as used equipment, stated at the lower of cost or net realizable value. We expect these refurbished units to remain in finished goods inventory and sold within 12 months at prices that produce reduced gross margins. Service inventory is used to provide a temporary replacement product to a customer covered by a premium warranty when the customer’s unit requires service or repair and as training equipment. Service inventory is available for sale; however, management does not expect service inventory to be sold within 12 months and, as such, classifies this inventory as a long-term asset. Service inventory that we utilize for training or repairs and which we deem as no longer available for sale is transferred to fixed assets at the lower of cost or net realizable value and depreciated over its remaining life, typically three years.

- Definition

Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.

+ References + Details

Description of Business (Tables)

6 Months Ended

Jun. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Error Corrections and Prior Period Adjustments


For the six months ended, June 30, 2019
	As Reported		Depreciation and Amortization Adjustment		Selling, General and Administrative Adjustment		Software Maintenance and Other Adjustments		As Adjusted
Sales
Product	$	136,792	$	—	$	—	$	5,830	$	142,622
Service	50,316		—		—		(5,830)		44,486
Total sales	$	187,108	$	—	$	—	$	—	$	187,108

Cost of Sales
Product	$	55,165	$	1,972	$	—	$	1,319	$	58,456
Service	24,605		1,607		—		(1,319)		24,893
Total cost of sales	$	79,770	$	3,579	$	—	$	—	$	83,349

Operating Expenses
Selling, general and administrative	$	—	$	2,502	$	83,525	$	—	$	86,027
Selling and marketing	55,877		—		(55,877)		—		—
General and administrative	27,648		—		(27,648)		—		—
Depreciation and amortization	9,322		(9,322)		—		—		—
Research and development	19,026		3,241		—		—		22,267
Total operating expenses	$	111,873	$	(3,579)	$	—	$	—	$	108,294

Revenues (Tables)

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue


	For the Three Months Ended June 30,
	2020		2019
Product sales
Product transferred to customers at a point in time	$	39,209	$	68,202
Product transferred to customers over time	3,050		2,843
	$	42,259	$	71,045


	For the Six Months Ended June 30,
	2020		2019
Product sales
Product transferred to customers at a point in time	$	92,764	$	137,176
Product transferred to customers over time	6,020		5,446
	$	98,784	$	142,622


	For the Three Months Ended June 30,
	2020		2019
Service sales
Service transferred to customers at a point in time	$	6,649	$	11,609
Service transferred to customers over time	11,656		10,837
	$	18,305	$	22,446


	For the Six Months Ended June 30,
	2020		2019
Service sales
Service transferred to customers at a point in time	$	17,644	$	23,290
Service transferred to customers over time	23,651		21,196
	$	41,295	$	44,486

The following table presents our revenues disaggregated by geography, based on the billing addresses of our customers (in thousands, unaudited):


	For the Three Months Ended June 30,
	2020		2019
Total sales to external customers
United States	$	24,445	$	35,161
EMEA ⁽¹⁾	16,720		30,030
Other APAC ⁽¹⁾	10,582		15,387
China	7,485		8,961
Other Americas ⁽¹⁾	1,332		3,952
	$	60,564	$	93,491


	For the Six Months Ended June 30,
	2020		2019
Total sales to external customers
United States	$	57,536	$	71,009
EMEA ⁽¹⁾	40,410		61,130
Other APAC ⁽¹⁾	26,069		30,429
China	12,233		17,256
Other Americas ⁽¹⁾	3,831		7,284
	$	140,079	$	187,108

⁽¹⁾Regions represent Europe, the Middle East, and Africa (EMEA); Asia-Pacific, excluding China (Other APAC); and Canada, Mexico, and Brazil (Other Americas).

Accounts Receivable (Tables)

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Schedule of Accounts Receivable

Accounts receivable consist of the following:


	As of As of June 30, 2020		As of As of December 31, 2019
Accounts receivable	$	52,151	$	79,611
Allowance for credit losses	(4,038)		(3,449)
Total	$	48,113	$	76,162

Financing Receivable, Allowance for Credit Loss

Activity related to the allowance for credit losses was as follows:


	Six Months Ended June 30, 2020
Beginning balance of the allowance for credit losses	$	(3,449)
Current period provision for expected credit losses	(1,237)
Recoveries of amounts previously written off	648
Ending balance of the allowance for credit losses	$	(4,038)

Inventories (Tables)

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventories consist of the following:


	As of June 30, 2020		As of December 31, 2019
Raw materials	$	33,151	$	36,956
Finished goods	20,274		21,598
Inventories, net	$	53,425	$	58,554

Service and sales demonstration inventory, net	$	34,130	$	33,349

Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Reconciliation of Number of Common Shares Used in Calculation of Basic and Diluted Earnings Per Share (EPS)

A reconciliation of the number of common shares used in the calculation of basic and diluted loss per share is presented below:


	Three Months Ended
	June 30, 2020				June 30, 2019
	Shares	Per-Share Amount		Shares	Per-Share Amount
Basic loss per share	17,747,739	$	(0.50)	17,333,996	$	(0.37)
Effect of dilutive securities	—	—		—	—
Diluted loss per share	17,747,739	$	(0.50)	17,333,996	$	(0.37)


	Six Months Ended
	June 30, 2020				June 30, 2019
	Shares	Per-Share Amount		Shares	Per-Share Amount
Basic loss per share	17,710,014	$	(1.34)	17,323,479	$	(0.36)
Effect of dilutive securities	—	—		—	—
Diluted loss per share	17,710,014	$	(1.34)	17,323,479	$	(0.36)

Accrued Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities consist of the following:


	As of June 30, 2020		As of December 31, 2019
Accrued compensation and benefits	$	12,501	$	15,366
Accrued restructuring costs	7,072		—
Accrued warranties	1,622		2,090
Professional and legal fees	2,220		1,793
Taxes other than income	2,765		4,077
General services administration contract contingent liability (see Note 13)	12,891		11,886
Other accrued liabilities	3,904		2,860
	$	42,975	$	38,072

Schedule of Activity Related to Accrued Warranties

Activity related to accrued warranties was as follows:


	Six Months Ended
	June 30, 2020		June 30, 2019
Balance, beginning of period	$	2,090	$	2,571
Provision for warranty expense	1,174		1,855
Fulfillment of warranty obligations	(1,642)		(1,982)
Balance, end of period	$	1,622	$	2,444

Fair Value of Financial Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Liabilities measured at fair value on a recurring basis are categorized in the tables below based upon the lowest level of significant input to the valuations:


	As of June 30, 2020
	Level 1		Level 2		Level 3
Liabilities:
Contingent consideration ⁽¹⁾	$	—	$	—	$	733
Total	$	—	$	—	$	733
	As of December 31, 2019
	Level 1		Level 2		Level 3
Liabilities:
Contingent consideration ⁽¹⁾	$	—	$	—	$	733
Total	$	—	$	—	$	733

Restructuring and Related Activities (Tables)

6 Months Ended

Jun. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs


	Severance and other benefits		Professional fees and other related charges		Total
Balance at February 14, 2020	$	—	$	—	$	—
Additions charged to expense	12,400		1,574		13,974
Cash payments	(5,379)		(1,523)		(6,902)
Balance at June 30, 2020	7,021		51		7,072

Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Lease cost and Supplemental Cash Flow Information Related to Leases

The components of lease expense were as follows:


	Three Months Ended June 30, 2020		Three Months Ended June 30, 2019		Six Months Ended June 30, 2020		Six Months Ended June 30, 2019
Operating lease cost	$	2,006	$	2,029	$	4,061	$	3,997

Finance lease cost:
Amortization of ROU assets	$	78	$	98	$	160	$	190
Interest on lease liabilities	$	8	$	12	$	17	$	24
Total finance lease cost	$	86	$	110	$	177	$	214

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30, 2020		Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,141	$	4,110
Operating cash flows from finance leases	$	17	$	24
Financing cash flows from finance leases	$	160	$	187

ROU assets obtained in exchange for lease obligations:
Operating leases	$	424	$	5,916

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:


	As of			As of
	June 30, 2020			December 31, 2019
Operating leases:
Operating lease right-of-use asset	$	14,684		$	18,418

Current operating lease liability	$	4,591		$	6,349
Operating lease liability - less current portion	11,422			13,272
Total operating lease liability	$	16,013		$	19,621

Finance leases:
Property and equipment, at cost	$	1,786		$	1,870
Accumulated depreciation	(1,301)			(1,150)
Property and equipment, net	$	485		$	720

Current finance lease liability	$	313		$	325
Finance lease liability - less current portion	229			426
Total finance lease liability	$	542		$	751

Weighted Average Remaining Lease Term (in years):
Operating leases	4.41			4.48
Finance leases	2.12			2.48

Weighted Average Discount Rate:
Operating leases	5.31		%	5.10		%
Finance leases	5.06		%	5.09		%

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities are as follows:


Year Ending December 31,	Operating leases		Finance leases
2020 (excluding the first 6 months)	$	3,354	$	168
2021	4,203		300
2022	3,269		82
2023	2,886		38
2024	2,699		12
Thereafter	2,354		—
Total lease payments	$	18,765	$	600
Less imputed interest	(2,752)		(58)
Total	$	16,013	$	542

Finance Lease, Liability, Maturity

Maturities of lease liabilities are as follows:


Year Ending December 31,	Operating leases		Finance leases
2020 (excluding the first 6 months)	$	3,354	$	168
2021	4,203		300
2022	3,269		82
2023	2,886		38
2024	2,699		12
Thereafter	2,354		—
Total lease payments	$	18,765	$	600
Less imputed interest	(2,752)		(58)
Total	$	16,013	$	542

Description of Business (Details) $ in Thousands	3 Months Ended		6 Months Ended		48 Months Ended
Description of Business (Details) $ in Thousands	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2020 USD ($) segment	Jun. 30, 2019 USD ($)	Dec. 31, 2019 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments \| segment			1		5
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales	$ 60,564	$ 93,491	$ 140,079	$ 187,108
Cost of Sales	31,668	42,751	67,310	83,349
Selling, general and administrative	30,036	45,007	66,360	86,027
Selling and marketing		0		0
General and administrative		0		0
Depreciation and amortization		0		0
Research and development	10,186	10,626	20,601	22,267
Total operating expenses	40,858	55,633	101,285	108,294
Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales		93,491		187,108
Cost of Sales		41,172		79,770
Selling, general and administrative		0		0
Selling and marketing		29,124		55,877
General and administrative		14,424		27,648
Depreciation and amortization		4,573		9,322
Research and development		9,091		19,026
Total operating expenses		57,212		111,873
Restatement Adjustment \| Depreciation and Amortization Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of Sales		1,579		3,579
Selling, general and administrative		1,459		2,502
Selling and marketing		0		0
General and administrative		0		0
Depreciation and amortization		(4,573)		(9,322)
Research and development		1,535		3,241
Total operating expenses		(1,579)		(3,579)
Restatement Adjustment \| Selling, general and administrative
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Selling, general and administrative		43,548		83,525
Selling and marketing		(29,124)		(55,877)
General and administrative		(14,424)		(27,648)
Depreciation and amortization		0		0
Research and development		0		0
Total operating expenses		0		0
Restatement Adjustment \| Software Maintenance and Other Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales		0		0
Cost of Sales		0		0
Product
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales	42,259	71,045	98,784	142,622
Cost of Sales	21,333	30,505	44,399	58,456
Product \| Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales		67,992		136,792
Cost of Sales		29,037		55,165
Product \| Restatement Adjustment \| Depreciation and Amortization Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of Sales		796		1,972
Product \| Restatement Adjustment \| Software Maintenance and Other Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales		3,053		5,830
Cost of Sales		672		1,319
Service
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales	18,305	22,446	41,295	44,486
Cost of Sales	$ 10,335	12,246	$ 22,911	24,893
Service \| Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales		25,499		50,316
Cost of Sales		12,135		24,605
Service \| Restatement Adjustment \| Depreciation and Amortization Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of Sales		783		1,607
Service \| Restatement Adjustment \| Software Maintenance and Other Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales		(3,053)		(5,830)
Cost of Sales		$ (672)		$ (1,319)

Description of Business (Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Cost of Sales
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Allocated share-based compensation expense	$ 93	$ 268	$ 364	$ 501
Cost of Sales \| Product
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Allocated share-based compensation expense	41	160	195	313
Cost of Sales \| Service
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Allocated share-based compensation expense	52	108	169	188
Operating Expenses
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Allocated share-based compensation expense	2,076	2,484	3,981	4,815
Selling, general and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Allocated share-based compensation expense	1,617	2,172	3,140	4,306
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Allocated share-based compensation expense	$ 459	$ 312	$ 841	$ 509

Impact of Recently Issued Accounting Pronouncements - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Mar. 31, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Operating lease right-of-use asset	$ 14,684	$ 18,418
Operating lease liability	$ 16,013	$ 19,621
Accounting Standards Update 2016-02
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Operating lease right-of-use asset			$ 18,900
Operating lease liability			19,900
Accounting Standards Update 2016-02 \| Property, Plant and Equipment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Operating lease liability			900
Accounting Standards Update 2016-02 \| Finance Leases
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Operating lease liability			$ 900

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales	$ 60,564	$ 93,491	$ 140,079	$ 187,108
United States
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales	24,445	35,161	57,536	71,009
EMEA
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales	16,720	30,030	40,410	61,130
Other APAC
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales	10,582	15,387	26,069	30,429
China
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales	7,485	8,961	12,233	17,256
Other Americas
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales	1,332	3,952	3,831	7,284
Product sales
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales	42,259	71,045	98,784	142,622
Product sales \| Product transferred to customers at a point in time
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales	39,209	68,202	92,764	137,176
Product sales \| Product transferred to customers over time
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales	3,050	2,843	6,020	5,446
Service sales
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales	18,305	22,446	41,295	44,486
Service sales \| Product transferred to customers at a point in time
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales	6,649	11,609	17,644	23,290
Service sales \| Product transferred to customers over time
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Sales	$ 11,656	$ 10,837	$ 23,651	$ 21,196

Revenues - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Revenues - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Recognized service revenue	$ 9.8	$ 8.8	$ 22.0	$ 19.7
Refund liability	0.1	$ 0.1	$ 0.1	$ 0.1
Minimum
Disaggregation of Revenue [Line Items]
Extended product warranty term			1 month
Maximum
Disaggregation of Revenue [Line Items]
Extended product warranty term			3 years
Commissions
Disaggregation of Revenue [Line Items]
Capitalized contract cost, gross	3.0		$ 3.0		$ 3.1
Prepaid expenses and other current assets \| Commissions
Disaggregation of Revenue [Line Items]
Capitalized contract cost, gross	2.0		2.0		2.1
Other long-term assets \| Commissions
Disaggregation of Revenue [Line Items]
Capitalized contract cost, gross	$ 1.0		$ 1.0		$ 1.0

Short-term Investments - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Securities Purchased Under Agreements to Resell and Other Short Term Investment Securities [Line Items]
Short-term investments	$ 0	$ 24,870
US Treasury Bill Securities
Securities Purchased Under Agreements to Resell and Other Short Term Investment Securities [Line Items]
Short-term investments		24,800
U.S. Treasury Security, Maturing on March 12, 2020 \| US Treasury Bill Securities
Securities Purchased Under Agreements to Resell and Other Short Term Investment Securities [Line Items]
Short-term investments		$ 8,900
Interest rate on U.S. Treasury Bills		1.80%
U.S. Treasury Security, Maturing on June 11, 2020 \| US Treasury Bill Securities
Securities Purchased Under Agreements to Resell and Other Short Term Investment Securities [Line Items]
Short-term investments		$ 15,900
Interest rate on U.S. Treasury Bills		1.40%

Accounts Receivable - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
Accounts receivable	$ 52,151	$ 79,611
Allowance for credit losses	(4,038)	(3,449)
Total	$ 48,113	$ 76,162

Accounts Receivable - Credit Loss (Details) $ in Thousands	6 Months Ended
Accounts Receivable - Credit Loss (Details) $ in Thousands	Jun. 30, 2020 USD ($)
Receivables [Abstract]
Beginning balance of the allowance for credit losses	$ (3,449)
Current period provision for expected credit losses	(1,237)
Recoveries of amounts previously written off	648
Ending balance of the allowance for credit losses	$ (4,038)

Inventories - Additional Information (Details)	6 Months Ended
Inventories - Additional Information (Details)	Jun. 30, 2020
Property, Plant and Equipment [Line Items]
Demonstration inventory shelf life (in years)	3 years
Refurbished demonstration inventory selling period (in months)	12 months
Service Inventory
Property, Plant and Equipment [Line Items]
Inventory, remaining useful life (in years)	3 years

Inventories - Schedule of Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 33,151	$ 36,956
Finished goods	20,274	21,598
Inventories, net	53,425	58,554
Service and sales demonstration inventory, net	$ 34,130	$ 33,349

Loss Per Share - Reconciliation of Number of Common Shares Used in Calculation of Basic and Diluted Earnings Per Share (EPS) (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Antidilutive securities (in shares)	767,458	702,202	767,458
Earnings Per Share, Basic and Diluted [Abstract]
Basic loss per share (in shares)	17,747,739	17,333,996	17,710,014	17,323,479
Effect of dilutive securities (in shares)	0	0	0	0
Diluted loss (in shares)	17,747,739	17,333,996	17,710,014	17,323,479
Basic loss (in dollars per share)	$ (0.50)	$ (0.37)	$ (1.34)	$ (0.36)
Effect of dilutive securities (in dollars per share)	0	0	0	0
Diluted loss (in dollars per share)	$ (0.50)	$ (0.37)	$ (1.34)	$ (0.36)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

Accrued Liabilities - Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Accrued compensation and benefits	$ 12,501	$ 15,366
Accrued restructuring costs	7,072	0
Accrued warranties	1,622	2,090	$ 2,444	$ 2,571
Professional and legal fees	2,220	1,793
Taxes other than income	2,765	4,077
General services administration contract contingent liability (see Note 13)	12,891	11,886
Other accrued liabilities	3,904	2,860
Accrued liabilities	$ 42,975	$ 38,072

Accrued Liabilities - Activity Related to Accrued Warranties (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance, beginning of period	$ 2,090	$ 2,571
Provision for warranty expense	1,174	1,855
Fulfillment of warranty obligations	(1,642)	(1,982)
Balance, end of period	$ 1,622	$ 2,444

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Liabilities:
Payment of contingent consideration for acquisitions	$ 0	$ 250
Level 1 \| Fair Value, Measurements, Recurring
Liabilities:
Contingent consideration	0		$ 0
Total	0		0
Level 2 \| Fair Value, Measurements, Recurring
Liabilities:
Contingent consideration	0		0
Total	0		0
Level 3 \| Fair Value, Measurements, Recurring
Liabilities:
Contingent consideration	733		733
Total	733		$ 733
Monte Carlo Simulation Valuation Model
Liabilities:
Undiscounted maximum payment under the contingent consideration arrangements	$ 1,200

Restructuring - Narrative (Details) $ in Thousands		2 Months Ended	3 Months Ended				6 Months Ended
Restructuring - Narrative (Details) $ in Thousands	Feb. 14, 2020 USD ($) headcount	Mar. 31, 2020 USD ($)	Jun. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring costs			$ 636			$ 0	$ 14,324	$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Photonics and 3D Design
Restructuring Cost and Reserve [Line Items]
Proceeds from divestiture of businesses			600
Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Incurred cost					$ 49,000
Restructuring costs		$ 13,974
Payments for restructuring		6,902
Professional fees and other related charges \| Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected number of positions eliminated \| headcount	500
Incurred cost			600	$ 13,700
Restructuring costs		1,574
Payments for restructuring		$ 1,523
Professional fees and other related charges \| Goodwill \| Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs					21,200
Professional fees and other related charges \| Excess and Obsolete Inventory \| Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs					12,800
Professional fees and other related charges \| Acquired Assets \| Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs					10,500
Professional fees and other related charges \| Capitalized Patents \| Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs					1,400
Professional fees and other related charges \| Other Assets \| Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs					$ 3,400
Professional fees and other related charges \| Minimum \| Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected cost			12,000				12,000
Restructuring and related cost, cash	$ 11,000
Professional fees and other related charges \| Maximum \| Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected cost			22,000				$ 22,000
Restructuring and related cost, cash	$ 15,000
Employee Severance \| Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Payments for restructuring			$ 4,500	$ 900

Restructuring - Activity (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		6 Months Ended
Restructuring - Activity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Additions charged to expense		$ 636	$ 0	$ 14,324	$ 0
Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Balance at February 14, 2020	$ 0	7,072
Additions charged to expense	13,974
Cash payments	(6,902)
Balance at June 30, 2020	7,072
Severance and other benefits \| Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Balance at February 14, 2020	0	7,021
Additions charged to expense	12,400
Cash payments	(5,379)
Balance at June 30, 2020	7,021
Professional fees and other related charges \| Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Balance at February 14, 2020	0	$ 51
Additions charged to expense	1,574
Cash payments	(1,523)
Balance at June 30, 2020	$ 51

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended	7 Months Ended	93 Months Ended	108 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2020	Dec. 31, 2019	Mar. 31, 2019	Jun. 30, 2020
Commitments and Contingencies [Line Items]
Purchase commitment, due in next twelve months	$ 48.1				$ 48.1			$ 48.1
Minimum
Commitments and Contingencies [Line Items]
Length of purchase commitments, (in days)					60 days
Maximum
Commitments and Contingencies [Line Items]
Length of purchase commitments, (in days)					120 days
Government Contract
Commitments and Contingencies [Line Items]
Charges to income from price adjustment clauses				$ 4.8
GSA matter and imputed interest			$ 0.1	0.5	$ 0.2	$ 0.7
Total estimated liability from price adjustment clauses	12.9			$ 5.3	$ 12.9			12.9
Reduction in sales, adjustment	$ 0.6	$ 5.8
Estimated aggregate overcharge in contracts							$ 10.6	$ 11.2
Other Expense \| Government Contract
Commitments and Contingencies [Line Items]
Total estimated liability from price adjustment clauses						$ 6.5

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Lessee, Lease, Description [Line Items]
Renewal term			8 years
Termination window			3 months
Short term lease cost	$ 0.1	$ 0.1	$ 0.1	$ 0.1
Minimum
Lessee, Lease, Description [Line Items]
Term of contract			1 year
Maximum
Lessee, Lease, Description [Line Items]
Term of contract			7 years

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 2,006	$ 2,029	$ 4,061	$ 3,997
Finance lease cost:
Amortization of ROU assets	78	98	160	190
Interest on lease liabilities	8	12	17	24
Total finance lease cost	$ 86	$ 110	$ 177	$ 214

Leases Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Operating leases:
Operating lease right-of-use asset	$ 14,684	$ 18,418
Current operating lease liability	4,591	6,349
Operating lease liability - less current portion	11,422	13,272
Total operating lease liability	16,013	19,621
Finance leases:
Property and equipment, at cost	1,786	1,870
Accumulated depreciation	(1,301)	(1,150)
Property and equipment, net	485	720
Current finance lease liability	313	325
Finance lease liability - less current portion	229	426
Total finance lease liability	$ 542	$ 751
Weighted Average Remaining Lease Term (in years):
Operating leases	4 years 4 months 28 days	4 years 5 months 23 days
Finance leases	2 years 1 month 13 days	2 years 5 months 23 days
Weighted Average Discount Rate:
Operating leases	5.31%	5.10%
Finance leases	5.06%	5.09%

Leases - Supplemental Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 4,141	$ 4,110
Operating cash flows from finance leases	17	24
Financing cash flows from finance leases	160	187
ROU assets obtained in exchange for lease obligations:
Operating leases	$ 424	$ 5,916

Leases - Maturities of lease liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Operating leases
2020 (excluding the first 6 months)	$ 3,354
2021	4,203
2022	3,269
2023	2,886
2024	2,699
Thereafter	2,354
Total lease payments	18,765
Less imputed interest	(2,752)
Total	16,013	$ 19,621
Financing leases
2020 (excluding the first 6 months)	168
2021	300
2022	82
2023	38
2024	12
Thereafter	0
Total lease payments	600
Less imputed interest	(58)
Total	$ 542	$ 751