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REVENUES (Tables)
12 Months Ended
Dec. 31, 2021
Revenue From Contract With Customer [Abstract]  
Reconciliation of Disaggregation of Revenue The following tables provide information about disaggregated revenue and a reconciliation of the disaggregated revenue during the years ended December 31, 2021 and 2020:

 

 

 

Year Ended December 31, 2021

 

 

 

Launch

 

 

Space

 

 

 

 

 

 

Services

 

 

Systems

 

 

Total

 

Revenues by recognition model

 

 

 

 

 

 

 

 

 

Point-in-time

 

$

36,576

 

 

$

12,578

 

 

$

49,154

 

Over-time

 

 

2,395

 

 

 

10,688

 

 

 

13,083

 

Total revenue by recognition model

 

$

38,971

 

 

$

23,266

 

 

$

62,237

 

 

 

 

Year Ended December 31, 2020

 

 

 

Launch

 

 

Space

 

 

 

 

 

 

Services

 

 

Systems

 

 

Total

 

Revenues by recognition model

 

 

 

 

 

 

 

 

 

Point-in-time

 

$

31,993

 

 

$

1,910

 

 

$

33,903

 

Over-time

 

 

1,092

 

 

 

165

 

 

 

1,257

 

Total revenue by recognition model

 

$

33,085

 

 

$

2,075

 

 

$

35,160

 

Balances Related to Enforceable Contracts

The following table presents the balances related to enforceable contracts as of December 31, 2021 and 2020:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Contract balances

 

 

 

 

 

 

Accounts receivable

 

$

13,957

 

 

$

2,730

 

Contract assets

 

 

2,490

 

 

 

2,045

 

Contract liabilities

 

 

59,749

 

 

 

26,132

 

Changes in Contract Liabilities

Changes in contract liabilities were as follows:

 

 

 

2021

 

 

2020

 

Contract liabilities, beginning of year

 

$

26,132

 

 

$

10,211

 

Contract liabilities assumed at acquisition

 

 

5,560

 

 

 

 

Customer advances received

 

 

41,614

 

 

 

24,694

 

Recognition of unearned revenue

 

 

(13,557

)

 

 

(8,773

)

Contract liabilities, end of year

 

$

59,749

 

 

$

26,132