Revenue (Tables)

6 Months Ended

Jun. 30, 2024

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]

Summarizes Revenue By Type of Service

The following table summarizes revenue by type of service for the three and six months ended June 30, 2024 and 2023 (in thousands):

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Software subscriptions	$	223,014	$	202,851	$	441,083	$	399,108
Other		9,604		8,859		18,772		17,522
Total revenues	$	232,618	$	211,710	$	459,855	$	416,630

Summary of Receivables Contract Assets and Contract Liabilities from Contracts with Customers

The opening and closing balances of the Company’s receivables, contract assets and contract liabilities from contracts with customers are as follows (in thousands):

	June 30,		December 31,
	2024		2023
Accounts receivables—Net of allowances	$	120,932	$	102,365
Deferred contract costs		19,427		17,900
Long-term deferred contract costs		21,666		22,302
Other assets (accounts receivable, non-current)		16,138		15,198
Deferred revenues		45,988		43,567
Other liabilities (deferred revenues, non-current)		2,113		1,373

Summary of Deferred Revenue

A summary of the activity impacting deferred revenue balances during the three and six months ended June 30, 2024 and 2023 is presented below (in thousands):

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2024			2023			2024			2023
Balance at beginning of period	$	47,560		$	41,422		$	44,940		$	36,479
Revenue recognized1		(117,797	)		(111,533	)		(233,209	)		(214,718	)
Additional amounts deferred1		118,338			111,314			236,370			219,442
Balance at end of period	$	48,101		$	41,203		$	48,101		$	41,203
Classified as:
Current	$	45,988		$	40,064		$	45,988		$	40,064
Non-current		2,113			1,139			2,113			1,139
Total deferred revenue	$	48,101		$	41,203		$	48,101		$	41,203

1 Amounts include total revenue deferred and recognized during each respective period.

Summary of Deferred Contract Costs

A summary of the activity impacting the deferred contract costs during the three and six months ended June 30, 2024 and 2023 is presented below (in thousands):

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2024			2023			2024			2023
Balance at beginning of period	$	40,153		$	37,551		$	40,202		$	36,717
Costs amortized		(5,322	)		(4,637	)		(10,571	)		(9,423	)
Additional amounts deferred		6,262			3,437			11,462			9,057
Balance at end of period	$	41,093		$	36,351		$	41,093		$	36,351
Classified as:
Current	$	19,427		$	16,871		$	19,427		$	16,871
Non-current		21,666			19,480			21,666			19,480
Total deferred contract costs	$	41,093		$	36,351		$	41,093		$	36,351