Contract Assets (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Summary of Contract Assets

Contract assets balances for the periods indicated below were as follows:

 

	Contract Assets
	Profit Share		TPA Fees		Program Fees		Total
	(in thousands)
Ending balance as of December 31, 2021	$	105,486	$	1,316	$	6,154	$	112,956
Increase of contract assets due to new business generation	25,669		2,030		19,726		47,425
Adjustment of contract assets due to estimation of revenue from performance obligations satisfied in previous periods	2,641		—		—		2,641
Receivables transferred from contract assets upon billing the lending institutions	—		—		(19,800)		(19,800)
Payments received from insurance carriers	(33,831)		(1,987)		—		(35,818)
Provision for expected credit losses	43		1		4		48
Ending balance as of March 31, 2022	$	100,008	$	1,360	$	6,084	$	107,452