Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table summarizes revenue:

	Three Months Ended						Nine Months Ended
(in thousands, except percentages)	September 30, 2020			September 30, 2019			September 30, 2020			September 30, 2019
Revenue:
Lease licenses	$	78,917		$	70,693		$	237,000		$	239,953
Perpetual licenses	62,705			66,451			161,793			190,734
Software licenses	141,622			137,144			398,793			430,687
Maintenance	211,942			193,189			615,609			559,768
Service	13,401			13,566			43,209			39,209
Maintenance and service	225,343			206,755			658,818			598,977
Total revenue	$	366,965		$	343,899		$	1,057,611		$	1,029,664
Direct revenue, as a percentage of total revenue	74.9		%	76.8		%	75.7		%	75.9		%
Indirect revenue, as a percentage of total revenue	25.1		%	23.2		%	24.3		%	24.1		%

Changes in Deferred Revenue

The changes in deferred revenue, inclusive of both current and long-term deferred revenue, during the nine months ended September 30, 2020 and 2019 were as follows:

(in thousands)	2020		2019
Beginning balance – January 1	$	365,274	$	343,174
Acquired deferred revenue	1,405		3,266
Deferral of revenue	1,025,057		991,524
Recognition of revenue	(1,057,611)		(1,029,664)
Currency translation	4,307		(4,985)
Ending balance – September 30	$	338,432	$	303,315

Remaining Performance Obligations, Expected Timing of Satisfaction

Total revenue allocated to remaining performance obligations as of September 30, 2020 will be recognized as revenue as follows:

(in thousands)
Next 12 months	$	570,236
Months 13-24	180,873
Months 25-36	61,069
Thereafter	67,734
Total revenue allocated to remaining performance obligations	$	879,912