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REVENUE RECOGNITION (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2022

 

Accounts receivable

 

$

74,933

 

Short-term unbilled receivables

 

 

12,393

 

Long-term unbilled receivables

 

 

 

Short-term deferred revenue

 

 

99,106

 

Long-term deferred revenue

 

 

30,021

 

Summary of Significant Changes in Unbilled Receivables and Deferred Liabilities Balances

Significant changes in the unbilled receivables and deferred liabilities balances for the six months ended June 30, 2022 and 2021, are as follows (in thousands):

 

 

 

Six Months Ended June 30, 2022

 

 

 

Unbilled Receivables

 

 

Deferred Revenue

 

Balance at December 31, 2021

 

$

8,127

 

 

$

(157,081

)

Revenue recognized that was previously included in deferred revenue, net

 

 

 

 

 

110,258

 

Increases due to cash received

 

 

 

 

 

(92,976

)

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

 

 

 

 

 

10,672

 

Unbilled receivables recorded, net

 

 

4,266

 

 

 

 

Net change

 

 

4,266

 

 

 

27,954

 

Balance at June 30, 2022

 

$

12,393

 

 

$

(129,127

)

 

 

 

Six Months Ended June 30, 2021

 

 

 

Unbilled Receivables

 

 

Deferred Revenue

 

Balance at December 31, 2020

 

$

10,429

 

 

$

(162,301

)

Revenue recognized that was previously included in deferred revenue, net

 

 

 

 

 

81,458

 

Increases due to cash received

 

 

 

 

 

(92,816

)

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

 

 

 

 

 

4,507

 

Unbilled receivables recorded, net

 

 

25,028

 

 

 

 

Transferred to receivables from unbilled receivables

 

 

(6,000

)

 

 

 

Net change

 

 

19,028

 

 

 

(6,851

)

Balance at June 30, 2021

 

$

29,457

 

 

$

(169,152

)