Contract Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Contract Liabilities

Contract assets and Contract liabilities (included in Accrued liabilities) are reported in the Consolidated Balance Sheets in a net position, on a contract-by-contract basis at the end of each reporting period. Contract assets and contract liabilities are summarized as follows:

(in thousands)	December 31, 2021		December 31, 2020
Contract assets	$	113,249	$	140,348
Allowance for expected credit losses	(703)		(1,059)
Contract assets, net	$	112,546	$	139,289
Contract liabilities	$	6,959	$	8,206

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

The following tables present the (increases)/ decreases in the allowance for credit losses for Contract assets:

(in thousands)	December 31, 2020		(Charge)/ benefit		Currency translation		Other		December 31, 2021
Contract assets expected credit losses	$	(1,059)	$	339	$	16	$	1	$	(703)

(in thousands)	December 31, 2019		CECL transition adjustment		(Charge)/ benefit		Currency translation		Other		December 31, 2020
Contract assets expected credit losses	$	—	$	(403)	$	(657)	$	(5)	$	6	$	(1,059)