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Development, Commercialization and Supply Agreements (Tables)
12 Months Ended
Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Changes in Balances of Contract Assets and Liabilities and Revenues Recognized

The following table presents changes in the balances of the Company’s contract assets and liabilities for years ended December 31, 2020 and 2019:

 

In thousands

 

Balance at

Beginning of

Period

 

 

Additions

 

 

Deductions

 

 

Balance at

End of Period

 

Year ended December 31, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$

 

 

$

 

 

$

 

 

$

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

20,846

 

 

$

4,608

 

 

$

(6,822

)

 

$

18,632

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$

 

 

$

 

 

$

 

 

$

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

20,710

 

 

$

2,500

 

 

$

(2,364

)

 

$

20,846

 

 

During the years ended December 31, 2020 and 2019, the Company recognized the following revenues as a result of changes in the contract asset and contract liability balances in the respective periods:

 

In thousands

 

Twelve Months Ended December 31,

 

Revenue recognized in the period from:

 

2020

 

 

2019

 

Amounts included in contract liability at the beginning of the period

 

$

4,705

 

 

$

1,633

 

Performance obligations satisfied in previous periods

 

$

1,262

 

 

$

299