Contract Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Components of contract assets and contract liabilities

The components of contract assets and contract liabilities consisted of the following:

	March 31,		December 31,
	2024		2023
	(in thousands)
Contract assets - current:
Unbilled revenue	$	24,134	$	15,213
Total contract assets - current	$	24,134	$	15,213
Contract assets - long-term:
Unbilled revenue - long-term	$	2,607	$	8,150
Contract assets - long-term	560		610
Total contract assets - long-term(1)	$	3,167	$	8,760
Contract liabilities - current:
Deferred revenue - current	$	2,157	$	3,670
Total contract liabilities - current	$	2,157	$	3,670
Contract liabilities - long-term:
Other contract liabilities - long-term	$	443	$	169
Total contract liabilities - long-term	$	443	$	169

Changes in short-term and long-term contract assets and contract liabilities for the three months ended March 31, 2024 were as follows:

	Contract Assets		Contract Liabilities
	(in thousands)
Balance as of January 1, 2024	$	23,973	$	3,839
Billings or revenue recognized that was included in the beginning balance	(3,356)		(2,897)
Changes in contract assets or contract liabilities, net of reclassification to receivables	6,930		1,319
Cumulative catch-up adjustment arising from changes in estimates to complete	(196)		65
Changes in costs to fulfill and amortization of commission costs	(50)		—
Changes in contract commission costs	—		274
Balance as of March 31, 2024	$	27,301	$	2,600