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RECEIVABLES, CONTRACT ASSETS, AND DEFERRED REVENUE (Tables)
 9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Schedule of Receivables Receivables
(in thousands)
September 30, 2023December 31, 2022
Accounts receivable, net$168,795 $255,150 
Unbilled receivables, net199,948 213,719 
Long-term unbilled receivables, net
73,795 95,806 
$442,538 $564,675 
Schedule of Unbilled Receivables Unbilled receivables by expected collection date:
(Dollars in thousands)
September 30, 2023
1 year or less$199,948 73 %
1-2 years58,604 21 %
2-5 years15,191 6 %
$273,743 100 %
Schedule of Unbilled Receivables by Contract Effective Date Unbilled receivables by contract effective date:
(Dollars in thousands)
September 30, 2023
2023$90,227 33 %
202292,065 34 %
202162,729 23 %
202019,820 7 %
2019 and prior8,902 3 %
$273,743 100 %
Schedule 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, 2023December 31, 2022
Contract assets (1)
$13,263 $17,546 
Long-term contract assets (2)
10,732 16,470 
$23,995 $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)
September 30, 2023December 31, 2022
Deferred revenue$297,067 $325,212 
Long-term deferred revenue (1)
2,605 3,552 
$299,672 $328,764 
(1) Included in other long-term liabilities.