REVENUE RECOGNITION AND RECEIVABLES (Tables)

3 Months Ended

Mar. 31, 2025

REVENUE RECOGNITION AND RECEIVABLES

Summary of revenues

Revenue accounted for in accordance with ASC 606 consisted of the following for the periods presented below (in thousands):

	Three months ended March 31, 2025
	International		US
	Telecom		Telecom		Total
Services transferred over time	$	89,516	$	68,705	$	158,221
Goods and services transferred at a point in time		3,512		2,906		6,418
Total revenue accounted for under ASC 606	$	93,028	$	71,611	$	164,639
Operating lease income		155		1,828		1,983
Government support revenue (1)		1,312		11,360		12,672
Total revenue	$	94,495	$	84,799	$	179,294

	Three months ended March 31, 2024
	International		US
	Telecom		Telecom		Total
Services transferred over time	$	88,560	$	78,043	$	166,603
Goods and services transferred at a point in time		3,034		3,271		6,305
Total revenue accounted for under ASC 606	$	91,594	$	81,314	$	172,908
Operating lease income		72		2,034		2,106
Government support revenue (1)		1,393		10,387		11,780
Total revenue	$	93,059	$	93,735	$	186,794

(1) Revenue recognized from CAF II, USF and RDOF programs. Refer to Note 8.

Summary of contracts asset and liabilities

Contract assets and liabilities consisted of the following (amounts in thousands):

	March 31, 2025		December 31, 2024			$ Change	% Change
Contract asset – current	$	3,774	$	3,920	$	(146)		(3.7)	%
Contract asset – noncurrent		4,090		5,368		(1,278)		(23.8)	%
Contract liability – current		(29,164)		(28,932)		(232)		0.8	%
Contract liability – noncurrent		(53,471)		(55,116)		1,645		(3.0)	%
Net contract liability	$	(74,771)	$	(74,760)	$	(11)		0.0	%

Schedule of activity in allowances for credit losses

Activity in the allowance for credit losses is below (in thousands):

	Three months ended
	March 31, 2025		March 31, 2024
Balance at beginning of period	$	15,132	$	16,362
Current period provision for expected losses		1,854		1,322
Write-offs charged against the allowance		(2,887)		(903)
Recoveries collected		207		83
Balance at end of period	$	14,306	$	16,864