Contract Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023		December 31, 2022
Contract assets	$	183,189	$	149,443
Allowance for expected credit losses	(908)		(748)
Contract assets, net	$	182,281	$	148,695
Contract liabilities	$	7,127	$	15,176

Schedule of 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, 2022		(Charge)/ benefit		Currency translation		Other		December 31, 2023
Contract assets expected credit losses	$	(748)	$	(152)	$	(8)	$	—	$	(908)

(in thousands)	December 31, 2021		(Charge)/ benefit		Currency translation		Other		December 31, 2022
Contract assets expected credit losses	$	(703)	$	(45)	$	—	$	—	$	(748)