XML 65 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unbilled Receivables and Deferred Revenue
6 Months Ended
Jun. 30, 2014
Revenue Recognition [Abstract]  
Unbilled Receivables and Deferred Revenue

3. UNBILLED RECEIVABLES AND DEFERRED REVENUE

Unbilled receivables represent revenue recognized not yet billed. Unbilled receivables are calculated for each individual project based on the proportional delivery of services at the balance sheet date. Billing of amounts in unbilled receivables occurs according to customer-agreed payment schedules or upon completion of specified project milestones. All of Lionbridge’s projects in unbilled receivables are expected to be billed and collected within one year.

Deferred revenue represents advance billings to customers. Deferred revenue is calculated for each individual project and constitutes a performance obligation for which revenue will be recognized as services are delivered.