DEFERRED REVENUE AND REMAINING PERFORMANCE OBLIGATIONS

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

(14)DEFERRED REVENUE AND REMAINING PERFORMANCE OBLIGATIONS

Deferred revenue in the accompanying Consolidated Balance Sheets consist of the following (in thousands):

	December 31,
	2022		2021
Deferred Revenue - Current	$	87,846	$	95,608
Deferred Revenue - Long-term (included in Other long-term liabilities)		5,760		17,078
Total Deferred Revenue	$	93,606	$	112,686

Deferred costs in the accompanying Consolidated Balance Sheets consist of the following (in thousands):

	December 31,
	2022		2021
Deferred Costs - Current (included in Prepaids and other current assets)	$	42,632	$	49,043
Deferred Costs - Long-term (included in Other long-term assets)		6,550		14,406
Total Deferred Costs	$	49,182	$	63,449

Activity in the Company’s Deferred revenue accounts consists of the following (in thousands):

Balance as of December 31, 2021	$	112,686
Additions		288,537
Amortization		(307,617)
Balance as of December 31, 2022	$	93,606

Revenue recognized for the year ended December 31, 2022 from amounts included in deferred revenue as of December 31, 2021 was $288.5 million. Revenue recognized for the year ended December 31, 2021 from amounts included in deferred revenue as of December 31, 2020 was $297.6 million.

Remaining performance obligations (“RPO”) represent the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods. The Company’s RPO excludes performance obligations from on-demand arrangements as there are no minimum purchase commitments associated with these arrangements, and certain time and materials contracts that are billed in arrears.

As of December 31, 2022, the Company’s RPO was $240.3 million, which will be delivered and recognized within the next five years. However, the amount and timing of revenue recognition are generally driven by customer consumption, which can extend beyond the original contract term in cases where customers are permitted to roll over unused capacity to future periods, generally upon the purchase of additional capacity at renewal.