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Contract Balances
3 Months Ended
Sep. 30, 2021
Revenue From Contract With Customer [Abstract]  
Contract Balances

Note 7.

Contract Balances

Contract balances consisted of the following (in thousands):

 

 

 

 

 

September 30,

 

 

June 30,

 

Description of Contract Related Balance

 

Financial Statement Classification

 

2021

 

 

2021

 

Billed and billable receivables

 

Accounts receivable, net

 

$

676,912

 

 

$

763,921

 

Contract assets – current unbilled receivables

 

Accounts receivable, net

 

 

98,022

 

 

 

115,930

 

Contract assets – current costs to obtain

 

Prepaid expenses and other current assets

 

 

4,411

 

 

 

4,144

 

Contract assets – noncurrent unbilled receivables

 

Accounts receivable, long-term

 

 

11,540

 

 

 

12,159

 

Contract assets – noncurrent costs to obtain

 

Other long-term assets

 

 

10,927

 

 

 

9,584

 

Contract liabilities – current deferred

   revenue and other contract liabilities

 

Other accrued expenses and current liabilities

 

 

(80,551

)

 

 

(70,907

)

Contract liabilities – noncurrent deferred

   revenue and other contract liabilities

 

Other long-term liabilities

 

 

(7,015

)

 

 

(6,837

)

 

During the three months ended September 30, 2021, the Company recognized $54.7 million of revenues, compared with $33.5 million of revenues for the three months ended September 30, 2020, that was included in a previously recorded contract liability as of the beginning of the period.