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RECEIVABLES, CONTRACT ASSETS, AND DEFERRED REVENUE (Tables)
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Summary of receivables Receivables
(in thousands)
September 30, 2022December 31, 2021
Accounts receivable$139,670 $182,717 
Unbilled receivables182,403 226,714 
Long-term unbilled receivables108,285 129,789 
$430,358 $539,220 
Summary of unbilled receivables Unbilled receivables by expected billing date:
(Dollars in thousands)
September 30, 2022
1 year or less$182,403 63 %
1-2 years78,893 27 %
2-5 years29,392 10 %
$290,688 100 %
Summary of unbilled receivables by contract effective date Unbilled receivables by contract effective date:
(Dollars in thousands)
September 30, 2022
2022$87,874 30 %
2021130,196 45 %
202045,589 16 %
201915,747 5 %
2018 and prior11,282 4 %
$290,688 100 %
Schedules of clients accounting for 10% or more of the total receivables
Clients accounting for 10% or more of the Company’s total receivables:
September 30, 2022December 31, 2021
Client A
Accounts receivable*1 %
Unbilled receivables*15 %
Total receivables*10 %
* Client accounted for less than 10% of receivables.
Summary of contract assets and deferred revenue
Contract assets
Contract assets are client-committed amounts for which revenue recognized exceeds the amount billed to the client, and billing is subject to conditions other than the passage of time, such as the completion of a related performance obligation.
(in thousands)
September 30, 2022December 31, 2021
Contract assets (1)
$12,429 $12,530 
Long-term contract assets (2)
10,541 10,643 
$22,970 $23,173 
(1) Included in other current assets. (2) Included in other long-term assets.
Deferred revenue
Deferred revenue consists of billings and payments received in advance of revenue recognition.
(in thousands)
September 30, 2022December 31, 2021
Deferred revenue$245,146 $275,844 
Long-term deferred revenue (1)
3,949 5,655 
$249,095 $281,499 
(1) Included in other long-term liabilities.