Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Opening and Closing Balances of the Company's Contract Assets and Deferred Revenue

The opening and closing balances of the Company’s contract assets, net of allowance for credit losses, and deferred revenue are as follows:

	Contract Assets, Current Portion(1)		Contract Assets(2)		Deferred Revenue, Current Portion(3)		Deferred Revenue(4)
	(in thousands)
December 31, 2019	496		3,216		14,991		27,852
June 30, 2020	272		3,610		12,868		23,576
Change	$	(224)	$	394	$	(2,123)	$	(4,276)

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(1)  Amounts are included within other current assets on the Company’s consolidated balance sheets.

(2)  Amounts are included within other assets on the Company’s consolidated balance sheets.

(3)  Amounts include $3.8 million and $2.9 million of deferred revenue related to leases as of December 31, 2019 and June 30, 2020, respectively.

(4)  Amounts include $7.9 million and $2.6 million of deferred revenue related to leases as of December 31, 2019 and June 30, 2020, respectively.

Fair Value Measurements

Information about the Company’s financial assets and liabilities measured at fair value on a recurring basis is presented below:

		June 30, 2020
	Balance Sheet Classification	Carrying Value		Level 1		Level 2		Level 3
		(in thousands)
Liabilities:
Interest rate swaps	Interest rate swap liability, current portion	$	9,225	$	—	$	9,225	$	—
Interest rate swaps	Other long-term liabilities	$	23,685	$	—	$	23,685	$	—

		December 31, 2019
	Balance Sheet Classification	Carrying Value		Level 1		Level 2		Level 3
		(in thousands)
Liabilities:
Interest rate swaps	Interest rate swap liability, current portion	$	3,464	$	—	$	3,464	$	—
Interest rate swaps	Other long-term liabilities	$	10,550	$	—	$	10,550	$	—