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REVENUE RECOGNITION (Tables)
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Assets and Liabilities Associated with Contracts from Customers

The following table provides information about assets and liabilities associated with the Company's contracts from customers (in thousands):

 

 

 

As of December 31, 2023

 

Accounts receivable

 

$

139,850

 

Short-term unbilled receivables

 

 

21,084

 

Short-term contract assets

 

 

2,698

 

Long-term unbilled receivables

 

 

9,074

 

Long-term contract assets

 

 

9,278

 

Short-term deferred revenue

 

 

47,713

 

Long-term deferred revenue

 

 

12,006

 

Summary of Significant Changes in Unbilled Receivables and Deferred Liabilities Balances

Significant changes in the assets and liabilities balances associated with the Company's contracts from customers for the years ended December 31, 2023 and 2022, are as follows (in thousands):

 

 

Year Ended December 31, 2023

 

 

 

Assets

 

 

Liabilities

 

Balance at December 31, 2022

 

$

38,457

 

 

$

(63,878

)

Revenue recognized that was previously included in deferred revenue, net

 

 

 

 

 

195,703

 

Increases due to cash received

 

 

 

 

 

(202,100

)

Cumulative catch-up adjustment arising from changes in estimates of
   transaction price, net

 

 

 

 

 

10,556

 

Unbilled receivables recorded, net

 

 

41,659

 

 

 

 

Contract assets recorded, net

 

 

(2,407

)

 

 

 

Transferred to receivables from unbilled receivables

 

 

(35,575

)

 

 

 

Net change

 

 

3,677

 

 

 

4,159

 

Balance at December 31, 2023

 

$

42,134

 

 

$

(59,719

)

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2022

 

 

 

Assets

 

 

Liabilities

 

Balance at December 31, 2021

 

$

8,127

 

 

$

(157,081

)

Revenue recognized that was previously included in deferred revenue, net

 

 

 

 

 

239,608

 

Increases due to cash received

 

 

 

 

 

(176,667

)

Cumulative catch-up adjustment arising from changes in estimates of
   transaction price, net

 

 

 

 

 

30,262

 

Unbilled receivables recorded, net

 

 

15,946

 

 

 

 

Contract assets recorded, net

 

 

14,384

 

 

 

 

Net change

 

 

30,330

 

 

 

93,203

 

Balance at December 31, 2022

 

$

38,457

 

 

$

(63,878

)