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Unearned Revenue
12 Months Ended
Dec. 31, 2019
Unearned Revenue  
Unearned Revenue

14. Unearned Revenue

Changes in unearned revenue were as follows for the years ended December 31, 2019 and 2018:

 

 

 

 

 

 

 

 

 

Year ended December 31,

(in thousands)

 

2019

    

2018

Balance, beginning of period

 

$

105,837

 

$

77,022

Billings, excluding billings for customer arrangements with termination rights

 

 

196,351

 

 

205,816

Additions to unearned revenue upon expiration of termination rights

 

 

20,395

 

 

17,651

Recognition of revenue, net of change in unbilled accounts receivable*

 

 

(204,372)

 

 

(194,652)

Balance, end of period

 

$

118,211

 

$

105,837

 

 

 

 

 

 

 

* Reconciliation to Revenue Reported in Consolidated Statement of Operations:

 

 

 

 

Year ended December 31,

(in thousands)

 

2019

    

2018

Revenue billed as of the end of period

 

$

204,372

 

$

194,652

Increase (decrease) in total unbilled accounts receivable

 

 

864

 

 

(1,460)

Revenue Reported in Consolidated Statement of Operations

 

$

205,236

 

$

193,192

 

Revenue allocated to remaining performance obligations includes unearned revenue plus contractually committed amounts that will be invoiced and recognized as revenue in future periods, but excludes amounts invoiced and not recognized as revenue under customer arrangements that contain termination rights. Remaining performance obligations were $129.4 million as of December 31, 2019, of which we expect to recognize approximately 72% as revenue over the next 12 months and the remainder thereafter.

 

As of December 31, 2019 and 2018, the balance of customer arrangements that contain termination rights was $16.1 million and $19.4 million, respectively.