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REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 2024
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, 2024

 

Accounts receivable

 

$

119,584

 

Short-term unbilled receivables

 

 

22,440

 

Long-term unbilled receivables

 

 

10,278

 

Short-term contract assets

 

 

2,747

 

Long-term contract assets

 

 

8,688

 

Short-term deferred revenue

 

 

19,157

 

Long-term deferred revenue

 

 

13,292

 

Summary of Significant Changes in Unbilled Receivables and Deferred Liabilities Balances

Significant changes in the assets and liabilities balances associated with the Company's contracts from customers for the three months ended March 31, 2024 and 2023 are as follows (in thousands):

 

 

 

Three Months Ended March 31, 2024

 

 

 

Assets

 

 

Liabilities

 

Balance at December 31, 2023

 

$

42,134

 

 

$

(59,719

)

Revenue recognized that was previously included in deferred revenue, net

 

 

 

 

 

61,095

 

Increases due to cash received

 

 

 

 

 

(33,323

)

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

 

 

 

 

 

(502

)

Unbilled receivables recorded, net

 

 

2,560

 

 

 

 

Contract assets recorded, net

 

 

(541

)

 

 

 

Net change

 

 

2,019

 

 

 

27,270

 

Balance at March 31, 2024

 

$

44,153

 

 

$

(32,449

)

 

 

 

Three Months Ended March 31, 2023

 

 

 

Assets

 

 

Liabilities

 

Balance at December 31, 2022

 

$

38,457

 

 

$

(63,878

)

Revenue recognized that was previously included in deferred revenue, net

 

 

 

 

 

41,086

 

Increases due to cash received

 

 

 

 

 

(38,153

)

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

 

 

 

 

 

5,683

 

Unbilled receivables recorded, net

 

 

11,878

 

 

 

 

Contract assets recorded, net

 

 

(520

)

 

 

 

Transferred to receivables from unbilled receivables

 

 

(19,983

)

 

 

 

Net change

 

 

(8,625

)

 

 

8,616

 

Balance at March 31, 2023

 

$

29,832

 

 

$

(55,262

)