Revenue

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

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


	Three Months Ended September 30,
	2020		2019
Subscription revenues	$	222,069	$	200,813
Transactional revenues	64,398		42,252
Total revenues, gross	286,467		243,065
Deferred revenues adjustment(1)	(2,107)		(67)
Total revenues, net	$	284,360	$	242,998
(1) Reflects the deferred revenues adjustment as a result of purchase accounting.
	Nine Months Ended September 30,
	2020		2019
Subscription revenues	$	631,873	$	596,052
Transactional revenues	174,000		123,642
Total revenues, gross	805,873		719,694
Deferred revenues adjustment(1)	(7,421)		(362)
Total revenues, net	$	798,452	$	719,332
(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 (9/30/2020)	238,638		326,098		24,080
(Increase)/decrease	$	95,220	$	81,227	$	(4,357)

Opening (1/1/2019)	$	331,295	$	391,102	$	17,112
Closing (9/30/2019)	226,997		330,786		21,299
(Increase)/decrease	$	104,298	$	60,316	$	(4,187)

The amount of revenue recognized in the period that were included in the opening deferred revenues current and long-term balances were $339,589. This revenue consists primarily of subscription revenue.

Transaction Price Allocated to the Remaining Performance Obligation

As of September 30, 2020, approximately $48,486 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 56.0% of these performance obligations over the next 12 months. Of the remaining 44.0%, 26.2% is expected to be recognized within the following year, with the final 17.8% expected to be recognized within years 3 to 10.