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REVENUES (Tables)
3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenues
The following tables present the disaggregation of the Company’s revenues by customer location, including a reconciliation of the disaggregated revenues with the reportable segments (Note 13 “Segment Information”) for the periods indicated:
 
Three Months Ended March 31, 2019
 
Reportable Segments
 
 
 
 
 
 
 
North America
 
Europe
 
Russia
 
Total Segment Revenues
 
Other Income Included in Segment Revenues
 
Consolidated Revenues
Customer Locations
 
 
 
 
 
 
 
 
 
 
 
North America
$
303,745

 
$
12,891

 
$
16

 
$
316,652

 
$

 
$
316,652

Europe
4,747

 
168,767

 
141

 
173,655

 
(147
)
 
173,508

CIS
1,739

 
13

 
16,423

 
18,175

 
(1
)
 
18,174

APAC
458

 
12,552

 

 
13,010

 
(11
)
 
12,999

        Revenues
$
310,689

 
$
194,223

 
$
16,580

 
$
521,492

 
$
(159
)
 
$
521,333

 
Three Months Ended March 31, 2018
 
Reportable Segments
 
 
 
 
 
 
 
North America
 
Europe
 
Russia
 
Total Segment Revenues
 
Other Income Included in Segment Revenues
 
Consolidated Revenues
Customer Locations
 
 
 
 
 
 
 
 
 
 
 
North America
$
226,070

 
$
13,361

 
$
15

 
$
239,446

 
$

 
$
239,446

Europe
2,740

 
150,480

 
42

 
153,262

 
(177
)
 
153,085

CIS
2,003

 
63

 
19,714

 
21,780

 

 
21,780

APAC
383

 
9,439

 
15

 
9,837

 

 
9,837

        Revenues
$
231,196

 
$
173,343

 
$
19,786

 
$
424,325

 
$
(177
)
 
$
424,148

The following tables present the disaggregation of the Company’s revenues by industry vertical, including a reconciliation of the disaggregated revenues with the reportable segments (Note 13 “Segment Information”) for the periods indicated:
 
Three Months Ended March 31, 2019
 
Reportable Segments
 
 
 
 
 
 
 
North America
 
Europe
 
Russia
 
Total Segment Revenues
 
Other Income Included in Segment Revenues
 
Consolidated Revenues
Industry Verticals
 
 
 
 
 
 
 
 
 
 
 
Financial Services
$
38,394

 
$
61,988

 
$
13,032

 
$
113,414

 
$
(153
)
 
$
113,261

Travel & Consumer
47,000

 
55,202

 
2,124

 
104,326

 

 
104,326

Software & Hi-Tech
79,121

 
20,370

 
440

 
99,931

 

 
99,931

Business Information & Media

62,361

 
32,536

 
140

 
95,037

 
(5
)
 
95,032

Life Sciences & Healthcare
50,156

 
4,556

 
62

 
54,774

 

 
54,774

Emerging Verticals
33,657

 
19,571

 
782

 
54,010

 
(1
)
 
54,009

        Revenues
$
310,689

 
$
194,223

 
$
16,580

 
$
521,492

 
$
(159
)
 
$
521,333

 
Three Months Ended March 31, 2018
 
Reportable Segments
 
 
 
 
 
 
 
North America
 
Europe
 
Russia
 
Total Segment Revenues
 
Other Income Included in Segment Revenues
 
Consolidated Revenues
Industry Verticals
 
 
 
 
 
 
 
 
 
 
 
Financial Services
$
21,956

 
$
65,818

 
$
16,225

 
$
103,999

 
$
(177
)
 
$
103,822

Travel & Consumer
40,687

 
49,454

 
1,673

 
91,814

 

 
91,814

Software & Hi-Tech
60,564

 
20,294

 
764

 
81,622

 

 
81,622

Business Information & Media

57,337

 
18,870

 

 
76,207

 

 
76,207

Life Sciences & Healthcare
27,467

 
4,823

 

 
32,290

 

 
32,290

Emerging Verticals
23,185

 
14,084

 
1,124

 
38,393

 

 
38,393

        Revenues
$
231,196

 
$
173,343

 
$
19,786

 
$
424,325

 
$
(177
)
 
$
424,148

The following tables present the disaggregation of the Company’s revenues by contract type including a reconciliation of the disaggregated revenues with the Company’s reportable segments (Note 13 “Segment Information”) for the periods indicated:
 
Three Months Ended March 31, 2019
 
Reportable Segments
 
 
 
 
 
 
 
North America
 
Europe
 
Russia
 
Total Segment Revenues
 
Other Income Included in Segment Revenues
 
Consolidated Revenues
Contract Types
 
 
 
 
 
 
 
 
 
 
 
Time-and-material
$
284,725

 
$
168,213

 
$
11,272

 
$
464,210

 
$

 
$
464,210

Fixed-price
24,740

 
25,246

 
5,287

 
55,273

 

 
55,273

Licensing
836

 
398

 
6

 
1,240

 

 
1,240

Other revenues
388

 
366

 
15

 
769

 
(159
)
 
610

        Revenues
$
310,689

 
$
194,223

 
$
16,580

 
$
521,492

 
$
(159
)
 
$
521,333

 
Three Months Ended March 31, 2018
 
Reportable Segments
 
 
 
 
 
 
 
North America
 
Europe
 
Russia
 
Total Segment Revenues
 
Other Income Included in Segment Revenues
 
Consolidated Revenues
Contract Types
 
 
 
 
 
 
 
 
 
 
 
Time-and-material
$
214,316

 
$
159,466

 
$
10,096

 
$
383,878

 
$

 
$
383,878

Fixed-price
15,992

 
12,953

 
9,672

 
38,617

 

 
38,617

Licensing
662

 
619

 
10

 
1,291

 

 
1,291

Other revenues
226

 
305

 
8

 
539

 
(177
)
 
362

        Revenues
$
231,196

 
$
173,343

 
$
19,786

 
$
424,325

 
$
(177
)
 
$
424,148


Timing of Revenue Recognition
The following tables present the timing of revenue recognition for the periods indicated:
 
Three Months Ended March 31, 2019
 
Reportable Segments
 
 
 
 
 
 
 
North America
 
Europe
 
Russia
 
Total Segment Revenues
 
Other Income Included in Segment Revenues
 
Consolidated Revenues
Timing of Revenue Recognition
 
 
 
 
 
 
 
 
 
 
 
Transferred at a point of time
$
404

 
$
205

 
$
1

 
$
610

 
$
(159
)
 
$
451

Transferred over time
310,285

 
194,018

 
16,579

 
520,882

 

 
520,882

        Revenues
$
310,689

 
$
194,223

 
$
16,580

 
$
521,492

 
$
(159
)
 
$
521,333

 
Three Months Ended March 31, 2018
 
Reportable Segments
 
 
 
 
 
 
 
North America
 
Europe
 
Russia
 
Total Segment Revenues
 
Other Income Included in Segment Revenues
 
Consolidated Revenues
Timing of Revenue Recognition
 
 
 
 
 
 
 
 
 
 
 
Transferred at a point of time
$
344

 
$
428

 
$
10

 
$
782

 
$
(177
)
 
$
605

Transferred over time
230,852

 
172,915

 
19,776

 
423,543

 

 
423,543

        Revenues
$
231,196

 
$
173,343

 
$
19,786

 
$
424,325

 
$
(177
)
 
$
424,148

Revenue Expected to be Recognized in Future Related to Remaining Performance Obligations
The following table includes the estimated revenues expected to be recognized in the future related to performance obligations that are partially or fully unsatisfied as of March 31, 2019. The Company applies a practical expedient and does not disclose the value of unsatisfied performance obligations for contracts that (i) have an original expected duration of one year or less and (ii) contracts for which it recognizes revenues at the amount to which it has the right to invoice for services provided:
 
Less than 1 year
 
1 Year
 
2 Years
 
3 Years
 
Total
Contract Type
 
 
 
 
 
 
 
 
 
Fixed-price
$
8,962

 
$
530

 
$
310

 
$

 
$
9,802

Contract Balances
The following table provides information on the classification of contract assets and liabilities in the condensed consolidated balance sheets:
 
As of  
 March 31, 
 2019
 
As of  
 December 31, 
 2018
Contract assets included in Unbilled revenues
$
17,827

 
$
13,522

Contract liabilities included in Accrued expenses and other current liabilities
$
8,696

 
$
4,558

Contract liabilities included in Other noncurrent liabilities
$
146

 
$
224