Deferred Revenue

12 Months Ended

Dec. 31, 2019

Deferred Revenue

Deferred Revenue

7.          Deferred Revenue

The Company records deferred revenue when cash payments are received or due in advance of services to be performed. The recognized revenue and remaining balance is shown below (in thousands):

	Amount
Deferred revenue balance - December 31, 2018	$	27,883
New billings		106,153
Revenue recognized		(110,046)
Deferred revenue balance - December 31, 2019	$	23,990