Revenue Recognition

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Contract Balances

The Company records deferred revenue when cash payments are received, or payment is due, in advance of its fulfillment of performance obligations. During the three months ended March 31, 2020 and 2019, there were revenues of $1,828 and $2,244 recognized, respectively, that were included in the deferred revenue balance at the beginning of the period.

Assets Recognized from the Costs to Obtain a Contract with a Customer

The Company recognizes an asset for the incremental costs to obtain a contract with a customer, where the stated contract term, with expected renewals, is longer than one year. The Company amortizes these assets over the expected period of benefit. These costs are generally employee sales commissions, with amortization of the balance recorded in selling, general and administrative expenses. The value of these assets was $1,394 at March 31, 2020 and $1,455 at December 31, 2019. During the three months ended March 31, 2020 and 2019, the Company recorded amortization of $242 and $170, respectively.

Performance Obligations

As of March 31, 2020, the Company has allocated a total transaction price of $6,904 to unfulfilled performance obligations that are expected to be fulfilled within six years. Excluded from this amount are contracts of less than one year and variable consideration that relates to the value of services provided.