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Contract Balances (Tables)
9 Months Ended
Mar. 31, 2019
Revenue From Contract With Customer [Abstract]  
Contract Assets and Liabilities

Net contract assets (liabilities) consisted of the following (in thousands):

 

 

 

 

 

March 31,

 

 

July 1,

 

Description of Contract Related Balance

 

Financial Statement Classification

 

2019

 

 

2018 (1)

 

Contract assets – current:

 

 

 

 

 

 

 

 

 

 

Unbilled receivables

 

Accounts receivable, net

 

$

82,105

 

 

$

72,511

 

Costs to obtain – short-term

 

Prepaid expenses and other current assets

 

 

2,624

 

 

 

2,342

 

Contract assets – noncurrent:

 

 

 

 

 

 

 

 

 

 

Unbilled receivables

 

Accounts receivable, long-term

 

 

9,647

 

 

 

8,620

 

Costs to obtain – long-term

 

Other long-term assets

 

 

4,672

 

 

 

3,923

 

Contract liabilities – current:

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

Other accrued expenses and current liabilities

 

 

(48,106

)

 

 

(43,940

)

Contract liabilities – noncurrent:

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

Other long-term liabilities

 

 

(7,041

)

 

 

(4,740

)

Net contract assets (liabilities)

 

 

 

$

43,901

 

 

$

38,716

 

 

 

(1)

Includes the cumulative effect to the Company’s opening balance sheet from the adoption of ASU 2014-09, Revenue from Contracts with Customers, using the modified retrospective method.