Customer Contracts |
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Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Customer Contracts | Customer Contracts The following table presents the balances related to customer contracts:
(1) Allowance for credit losses and accrued customer credits was $20.1 million and $20.3 million as of December 31, 2023 and March 31, 2024, respectively. Amounts recognized in revenue for the three months ended March 31, 2023, and 2024, which were included in deferred revenue as of the beginning of each period totaled $39.1 million and $45.6 million, respectively. Cost Incurred to Obtain and Fulfill a Contract As of December 31, 2023 and March 31, 2024, the balances of capitalized costs to obtain a contract were $42.0 million and $39.7 million, respectively, and the balances of capitalized costs to fulfill a contract were $13.4 million and $12.9 million, respectively. These capitalized costs are included in "Other non-current assets" on the Condensed Consolidated Balance Sheets. Amortization of capitalized sales commissions and implementation costs was as follows:
Remaining Performance Obligations As of March 31, 2024, the aggregate amount of transaction price allocated to remaining performance obligations was $458.1 million, of which approximately 56% is expected to be recognized as revenue during the remainder of 2024 and the remainder thereafter. These remaining performance obligations primarily relate to our fixed-term arrangements. The aggregate amount of transaction price excludes variable consideration related to our usage-based arrangements for which we recognize revenue based on the right to invoice for the services performed.
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