Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

The following table summarizes revenue:


	Three Months Ended
(in thousands, except percentages)		March 31, 2022			March 31, 2021
Revenue:
Subscription lease licenses		$	91,457		$	65,077
Perpetual licenses		65,988			67,527
Software licenses		157,445			132,604
Maintenance		247,241			213,674
Service		20,391			16,948
Maintenance and service		267,632			230,622
Total revenue		$	425,077		$	363,226

Direct revenue, as a percentage of total revenue		72.4		%	71.8		%
Indirect revenue, as a percentage of total revenue		27.6		%	28.2		%

Changes in Deferred Revenue

The changes in deferred revenue, inclusive of both current and long-term deferred revenue, during the three months ended March 31, 2022 and 2021 were as follows:


(in thousands)	2022		2021
Beginning balance – January 1	$	412,781	$	388,810
Acquired deferred revenue	84		—
Deferral of revenue	423,649		362,043
Recognition of revenue	(425,077)		(363,226)
Currency translation	(6,317)		(6,898)
Ending balance – March 31	$	405,120	$	380,729

Remaining Performance Obligations, Expected Timing of Satisfaction

Total revenue allocated to remaining performance obligations as of March 31, 2022 will be recognized as revenue as follows:


(in thousands)
Next 12 months	$	746,037
Months 13-24	251,667
Months 25-36	139,907
Thereafter	65,564
Total revenue allocated to remaining performance obligations	$	1,203,175