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Collaborations and Other Arrangements (Tables)
9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Changes in Accounts Receivable and Contract Liabilities

The following table presents changes in the Company’s accounts receivable and contract liabilities (in thousands):

 

 

Balance at
Beginning of
Period

 

 

Additions

 

 

Deductions

 

 

Balance at End
of Period

 

Nine months ended September 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

$

36,456

 

 

$

19,422

 

 

$

(47,024

)

 

$

8,854

 

Contract liabilities - deferred revenue

 

$

60,993

 

 

$

-

 

 

$

(16,231

)

 

$

44,762

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at
Beginning of
Period

 

 

Additions

 

 

Deductions

 

 

Balance at End
of Period

 

Nine months ended September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

$

3,768

 

 

$

15,287

 

 

$

(12,564

)

 

$

6,491

 

Contract liabilities - deferred revenue

 

$

63,771

 

 

$

-

 

 

$

(37,705

)

 

$

26,066

 

Summary of Revenues Recognized Resulting from Changes in Contract Liability Balance

During the nine months ended September 30, 2024 and 2023, the Company recognized the following revenues as a result of changes in the contract liability balance (in thousands):

 

 

Nine Months Ended September 30,

 

Revenue recognized in the period from:

 

2024

 

 

2023

 

Amounts included in the contract liability at the beginning of the period

 

$

16,231

 

 

$

31,081