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REVENUE RECOGNITION (Tables)
12 Months Ended
Dec. 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 the Company's contracts from customers (in thousands):

 

 

 

As of December 31, 2024

 

Accounts receivable

 

$

113,648

 

Short-term unbilled receivables

 

 

30,473

 

Short-term contract assets

 

 

2,932

 

Long-term unbilled receivables

 

 

24,943

 

Long-term contract assets

 

 

6,528

 

Short-term deferred revenue

 

 

33,074

 

Long-term deferred revenue

 

 

537

 

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 years ended December 31, 2024 and 2023, are as follows (in thousands):

 

 

Year Ended December 31, 2024

 

 

 

Assets

 

 

Liabilities

 

Balance at December 31, 2023

 

$

42,134

 

 

$

(59,719

)

Revenue recognized that was previously included in deferred revenue, net

 

 

 

 

 

98,223

 

Increases due to cash received

 

 

 

 

 

(82,928

)

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

 

 

 

 

 

10,813

 

Unbilled receivables recorded, net

 

 

165,781

 

 

 

 

Contract assets recorded, net

 

 

(2,516

)

 

 

 

Transferred to receivables from unbilled receivables

 

 

(140,523

)

 

 

 

Net change

 

 

22,742

 

 

 

26,108

 

Balance at December 31, 2024

 

$

64,876

 

 

$

(33,611

)

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2023

 

 

 

Assets

 

 

Liabilities

 

Balance at December 31, 2022

 

$

38,457

 

 

$

(63,878

)

Revenue recognized that was previously included in deferred revenue, net

 

 

 

 

 

195,703

 

Increases due to cash received

 

 

 

 

 

(202,100

)

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

 

 

 

 

 

10,556

 

Unbilled receivables recorded, net

 

 

41,659

 

 

 

 

Contract assets recorded, net

 

 

(2,407

)

 

 

 

Transferred to receivables from unbilled receivables

 

 

(35,575

)

 

 

 

Net change

 

 

3,677

 

 

 

4,159

 

Balance at December 31, 2023

 

$

42,134

 

 

$

(59,719

)