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REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Assets and Liabilities Associated with Contracts from Customers

The following table provides information about assets and liabilities associated with our contracts from customers (in thousands):

 

 

 

As of March 31, 2022

 

Accounts receivable

 

$

104,947

 

Short-term unbilled receivables

 

 

12,774

 

Long-term unbilled receivables

 

 

 

Short-term deferred revenue

 

 

111,778

 

Long-term deferred revenue

 

 

31,735

 

Summary of Significant Changes in Unbilled Receivables and Deferred Liabilities Balances

Significant changes in the unbilled receivables and deferred liabilities balances for the three months ended March 31, 2022 and 2021, are as follows (in thousands):

 

 

 

Three Months Ended March 31, 2022

 

 

 

Unbilled Receivables

 

 

Deferred Revenue

 

Balance at December 31, 2021

 

$

8,127

 

 

$

(157,081

)

Revenue recognized that was previously included in deferred revenue, net

 

 

 

 

 

57,594

 

Increases due to cash received

 

 

 

 

 

(45,891

)

Cumulative catch-up adjustment arising from changes in estimates of
   transaction price, net

 

 

 

 

 

1,865

 

Unbilled receivables recorded, net

 

 

4,647

 

 

 

 

Net change

 

 

4,647

 

 

 

13,568

 

Balance at March 31, 2022

 

$

12,774

 

 

$

(143,513

)

 

 

 

Three Months Ended March 31, 2021

 

 

 

Unbilled Receivables

 

 

Deferred Revenue

 

Balance at December 31, 2020

 

$

10,429

 

 

$

(162,301

)

Revenue recognized that was previously included in deferred revenue, net

 

 

 

 

 

33,439

 

Increases due to cash received

 

 

 

 

 

(53,000

)

Cumulative catch-up adjustment arising from changes in estimates of
   transaction price, net

 

 

 

 

 

3,738

 

Unbilled receivables recorded, net

 

 

20,471

 

 

 

 

Transferred to receivables from unbilled receivables

 

 

(6,000

)

 

 

 

Net change

 

 

14,471

 

 

 

(15,823

)

Balance at March 31, 2021

 

$

24,900

 

 

$

(178,124

)