Revenue from Contract with Customer (Tables)

3 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide information about disaggregated revenue by primary geographical market:

	Quarter Ended December 31, 2023
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	184,948	$	133,562	$	318,510	83	%
Europe, Middle East and Africa	1,308		35,060		36,368		10	%
Asia Pacific	5,856		21,325		27,181		7	%
Total	$	192,112	$	189,947	$	382,059	100	%

	Quarter Ended December 31, 2022
	Scores		Software		Total		Percentage
	(Dollars in thousands)
Americas	$	173,297	$	117,830	$	291,127	85	%
Europe, Middle East and Africa	1,348		30,992		32,340		9	%
Asia Pacific	3,343		18,060		21,403		6	%
Total	$	177,988	$	166,882	$	344,870	100	%

The following table provides information about disaggregated revenue for our Software segment by deployment method:

	Quarter Ended December 31,				Percentage of revenues
	2023		2022		2023		2022
	(Dollars in thousands)
On-premises software	$	72,472	$	64,922	43	%	45	%
SaaS software	96,196		79,638		57	%	55	%
Total on-premises and SaaS software	$	168,668	$	144,560	100	%	100	%

The following table provides information about disaggregated revenue for our Software segment by product features:

	Quarter Ended December 31,				Percentage of revenues
	2023		2022		2023		2022
	(Dollars in thousands)
Platform software	$	45,173	$	30,828	27	%	21	%
Non-platform software	123,495		113,732		73	%	79	%
Total on-premises and SaaS software	$	168,668	$	144,560	100	%	100	%

The following table provides information about disaggregated revenue for our Software segment by timing of revenue recognition:

	Quarter Ended December 31,				Percentage of revenues
	2023		2022		2023		2022
	(Dollars in thousands)
Software recognized at a point in time (1)	$	13,782	$	11,803	8	%	8	%
Software recognized over contract term (2)	154,886		132,757		92	%	92	%
Total on-premises and SaaS software	$	168,668	$	144,560	100	%	100	%

(1)Includes license portion of our on-premises subscription software and perpetual license, both of which are recognized when the software is made available to the customer, or at the start of the subscription.

(2)Includes maintenance portion and usage-based fees of our on-premises subscription software, maintenance revenue on perpetual licenses, as well as SaaS revenue.

The following table provides information about disaggregated revenue for our Scores segment by distribution method:

	Quarter Ended December 31,				Percentage of revenues
	2023		2022		2023		2022
	(Dollars in thousands)
Business-to-business Scores	$	140,442	$	124,905	73	%	70	%
Business-to-consumer Scores	51,670		53,083		27	%	30	%
Total	$	192,112	$	177,988	100	%	100	%

We derive a substantial portion of revenues from our contracts with the three major consumer reporting agencies, TransUnion, Equifax and Experian. Revenues collectively generated by agreements with these customers accounted for 39% and 36% of our total revenues in the quarters ended December 31, 2023 and 2022, respectively, with three and two consumer reporting agencies each contributing more than 10% of our total revenues in the quarters ended December 31, 2023 and 2022, respectively. At December 31, 2023 and September 30, 2023, one individual customer accounted for 10% or more of total consolidated receivables.

Schedule of Accounts Receivable

Receivables at December 31, 2023 and September 30, 2023 consisted of the following: 

	December 31, 2023		September 30, 2023
	(In thousands)
Billed	$	225,447	$	234,745
Unbilled	189,930		203,896
	415,377		438,641
Less: allowance for doubtful accounts	(5,406)		(4,978)
Net receivables	409,971		433,663
Less: long-term receivables (*)	(42,493)		(45,716)
Short-term receivables (*)	$	367,478	$	387,947

(*) Short-term receivables and long-term receivables were recorded in accounts receivable, net and other assets, respectively, within the accompanying condensed consolidated balance sheets.

Deferred Revenue, by Arrangement, Disclosure

Deferred revenue primarily relates to our maintenance and SaaS contracts billed annually in advance and generally recognized ratably over the term of the service period. Significant changes in the deferred revenues balances are as follows:

	Quarter Ended   December 31, 2023
	(In thousands)
Deferred revenues, beginning balance (*)	$	143,235
Revenue recognized that was included in the deferred revenues balance at the beginning of the period	(67,037)
Increases due to billings, excluding amounts recognized as revenue during the period	77,207
Deferred revenues, ending balance (*)	$	153,405

(*) Deferred revenues at December 31, 2023 included current portion of $146.8 million and long-term portion of $6.6 million that were recorded in deferred revenue and other liabilities, respectively, within the condensed consolidated balance sheets. Deferred revenues at September 30, 2023 included current portion of $136.7 million and long-term portion of $6.5 million that were recorded in deferred revenue and other liabilities, respectively, within the condensed consolidated balance sheets.