Revenue from Contracts with Customers

3 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Revenue from Contracts with Customers

Capitalized Contract Acquisition Costs

The table below shows significant movements in capitalized contract acquisition costs (current and noncurrent) for the three months ended December 31, 2021 and 2020 (in thousands):

	Three months ended December 31,
	2021		2020
Balance, beginning of period	$	77,836	$	70,396
Additional capitalized contract acquisition costs	10,512		9,725
Amortization of capitalized contract acquisition costs	(9,414)		(8,152)
Balance, end of period	$	78,934	$	71,969

Amortization of capitalized contract acquisition costs was $9.4 million and $8.2 million for the three months ended December 31, 2021 and 2020, respectively, and is recorded in Sales and Marketing expense in the accompanying consolidated income statements. There was no impairment of any capitalized contract acquisition costs during any period presented.

Contract Balances

Timing may differ between the satisfaction of performance obligations and the invoicing and collection of amounts related to the Company's contracts with customers. Liabilities are recorded for amounts that the Company has the unconditional right to transfer goods and services under contracts with customers. These liabilities are classified as current and non-current deferred revenue.

The table below shows significant movements in the deferred revenue balances (current and noncurrent) for the three months ended December 31, 2021 and 2020 (in thousands):

	Three months ended December 31,
	2021		2020
Balance, beginning of period	$	1,489,842	$	1,272,632
Amounts added but not recognized as revenues	441,591		421,918
Deferred revenue acquired through acquisition of businesses	10,591		—
Revenues recognized related to the opening balance of deferred revenue	(365,525)		(335,725)
Balance, end of period	$	1,576,499	$	1,358,825

Remaining Performance Obligations

Remaining performance obligations represent the amount of the transaction price under contracts with customers that are attributable to performance obligations that are unsatisfied or partially satisfied at the reporting date. As of December 31, 2021, the total non-cancelable remaining performance obligations under the Company's contracts with customers was approximately $1.6 billion and the Company expects to recognize revenues on approximately 65.9% of these remaining performance obligations over the next 12 months, 21.1% in year two, and the remaining balance thereafter.

See Note 13, Segment Information, for disaggregated revenue by significant customer and geographic region, as well as disaggregated product revenue by systems and software.