Revenue

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

The tables below show the Company's disaggregated revenues for the periods presented:


	Three Months Ended June 30,
	2020		2019
Subscription revenues	$	216,569	$	202,747
Transactional revenues	60,363		39,693
Total revenues, gross	276,932		242,440
Deferred revenues adjustment⁽¹⁾	(3,432)		(131)
Total revenues, net	$	273,500	$	242,309
(1) Reflects the deferred revenues adjustment as a result of purchase accounting.
	Six Months Ended June 30,
	2020		2019
Subscription revenues	$	409,804	$	395,239
Transactional revenues	109,602		81,390
Total revenues, gross	519,406		476,629
Deferred revenues adjustment⁽¹⁾	(5,314)		(295)
Total revenues, net	$	514,092	$	476,334
(1) Reflects the deferred revenues adjustment as a result of purchase accounting.

Contract Balances


	Accounts receivable, net		Current portion of deferred revenues		Non-current portion of deferred revenues
Opening (1/1/2020)	$	333,858	$	407,325	$	19,723
Closing (6/30/2020)	279,160		424,187		19,116
(Increase)/decrease	$	54,698	$	(16,862)	$	607

Opening (1/1/2019)	$	331,295	$	391,102	$	17,112
Closing (6/30/2019)	270,584		404,753		22,236
(Increase)/decrease	$	60,711	$	(13,651)	$	(5,124)

The amount of revenue recognized in the period that were included in the opening deferred revenues current and long-term balances were $181,146. This revenue consists primarily of subscription revenue.

Transaction Price Allocated to the Remaining Performance Obligation

As of June 30, 2020, approximately $63,653 of revenue is expected to be recognized in the future from remaining performance obligations, excluding contracts with durations of one year or less. The Company expects to recognize revenue on approximately 65.0% of these performance obligations over the next 12 months. Of the remaining 35.0%, 20.1% is expected to be recognized within the following year, with the final 14.9% expected to be recognized within years 3 to 10.