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Contract Receivables, Net -Summary of Reconciliation of Billed Contract Receivables Sold to MUF Including Receivables Sold to MUFC And Collected from Customers on Behalf of MUFG And Receivables Not Collected from Customers (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Receivables [Abstract]    
Beginning balance [1] $ 25,966 $ 21,302
Billed receivables sold during the period [2] 123,685 133,398
Collections from customers during the period [2],[3] (118,472) (129,824)
Ending balance [4] $ 31,179 $ 24,876
[1] The beginning balances represent billed contract receivables that were previously sold and derecognized by the Company but had not been collected from customers as of January 1, 2025 and 2024, respectively.
[2] For the three months ended March 31, 2025 and 2024, the Company recorded net inflows of $5.2 million and $3.6 million, respectively, in its cash flows from operating activities from the sale of billed contract receivables.
[3] For the three months ended March 31, 2025 and 2024, the Company recorded net inflows of $5.5 million and $3.9 million, respectively, in its cash flows from operating activities from the collection of billed contract receivables that were sold but not yet remitted to MUFG.
[4] The ending balances represent billed contract receivables that were sold and derecognized by the Company but had not been collected from customers as of March 31, 2025 and 2024, respectively.