DEFERRED CONTRACT COSTS AND DEFERRED REVENUE

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

DEFERRED CONTRACT COSTS AND DEFERRED REVENUE

DEFERRED CONTRACT COSTS AND DEFERRED REVENUEActivity for deferred contract costs consisted of the following (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Deferred contract costs, current and noncurrent, as of the beginning of period	$	39,709	$	36,561	$	36,509	$	34,945
Capitalized commissions during the period	3,817		4,295		15,620		13,437
Amortized deferred contract costs during the period	(4,606)		(4,132)		(13,209)		(11,658)
Deferred contract costs, current and noncurrent, as of the end of period	$	38,920	$	36,724	$	38,920	$	36,724

Deferred revenue activity consisted of the following (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Deferred revenue, current and noncurrent, as of the beginning of period	$	300,387	$	265,638	$	300,268	$	256,933
Billings, net	49,731		73,686		248,960		261,900
Revenue recognized	(101,931)		(95,642)		(301,041)		(275,151)
Deferred revenue, current and noncurrent, as of the end of period	$	248,187	$	243,682	$	248,187	$	243,682

The transaction price allocated to the remaining performance obligations represents contracted revenue that has not yet been recognized. As of September 30, 2022, the remaining transaction price included in deferred revenue was $212.1 million in current and $36.1 million in noncurrent.