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RECEIVABLES, CONTRACT ASSETS, AND DEFERRED REVENUE (Tables)
 3 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Summary of Receivables Receivables
(in thousands)
March 31, 2023December 31, 2022
Accounts receivable$201,585 $255,150 
Unbilled receivables196,279 213,719 
Long-term unbilled receivables79,704 95,806 
$477,568 $564,675 
Summary of Unbilled Receivables Unbilled receivables by expected billing date:
(Dollars in thousands)
March 31, 2023
1 year or less$196,279 71 %
1-2 years64,812 24 %
2-5 years14,892 5 %
$275,983 100 %
Summary of Unbilled Receivables by Contract Effective Date Unbilled receivables by contract effective date:
(Dollars in thousands)
March 31, 2023
2023$51,895 19 %
202296,349 34 %
202187,278 32 %
202027,755 10 %
2019 and prior12,706 5 %
$275,983 100 %
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)
March 31, 2023December 31, 2022
Contract assets (1)
$14,463 $17,546 
Long-term contract assets (2)
11,323 16,470 
$25,786 $34,016 
(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)
March 31, 2023December 31, 2022
Deferred revenue$342,591 $325,212 
Long-term deferred revenue (1)
3,323 3,552 
$345,914 $328,764 
(1) Included in other long-term liabilities.