Contract Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2020

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

Schedule of Contract Assets and Contract Liabilities

As of September 30, 2020 and December 31, 2019, Contract assets and Contract liabilities consisted of the following:

(in thousands)	September 30, 2020		December 31, 2019
Contract assets	$	105,626	$	79,070
Allowance for expected credit losses	(773)		—
Contract assets, net	$	104,853	$	79,070
Contract liabilities	$	7,913	$	5,656

Contract with Customer, Contract Asset, Contract Liability, and Receivable

The following table presents the year-to-date (increases)/ decreases in the allowance for credit losses for Contract assets:

(in thousands)	December 31, 2019		CECL transition adjustment		Charges		Currency translation		Other		September 30, 2020
Contract assets expected credit losses	$	—	$	(403)	$	(382)	$	4	$	8	$	(773)