Costs Capitalized to Obtain Contracts

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Costs Capitalized to Obtain Contracts

4. Deferred Revenue

The following table represents a roll forward of the Company’s deferred revenue (in thousands):

	Year Ended December 31,
	2023		2022
Deferred revenue, beginning of period	$	32,762	$	13,929
Acquired deferred revenue	—		10,203
Additions to deferred revenue	229,871		213,748
Recognized revenue in the period	(226,859)		(205,118)
Deferred revenue, end of period	$	35,774	$	32,762

During the year ended December 31, 2023, the Company recognized $30.1 million of revenue that was included in the deferred revenue balance as of December 31, 2022. During the year ended December 31, 2022, the Company recognized $13.9 million of revenue that was included in the deferred revenue balance as of December 31, 2021.

5. Costs Capitalized to Obtain Contracts

The following table represents a roll forward of the Company’s costs capitalized to obtain contracts, net (in thousands):

	Year Ended December 31,
	2023		2022
Capitalized costs to obtain contracts, beginning of period	$	2,064	$	1,649
Acquired costs capitalized to obtain contracts	—		1,184
Additions to capitalized costs to obtain contracts	1,905		2,159
Amortization of capitalized costs to obtain contracts	(2,125)		(2,928)
Capitalized costs to obtain contracts, end of period	$	1,844	$	2,064