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Revenue
6 Months Ended
Jun. 30, 2022
Revenue From Contract With Customer [Abstract]  
Revenue

3. Revenue

The disaggregation of revenue was as follows:

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Over-time revenue

 

$

173

 

 

$

1,105

 

 

$

361

 

 

$

2,209

 

Point-in-time revenue

 

 

51,027

 

 

 

49,306

 

 

 

93,468

 

 

 

88,346

 

Total revenue

 

$

51,200

 

 

$

50,411

 

 

$

93,829

 

 

$

90,555

 

 

Revenue for unsatisfied performance obligations expected to be recognized in the future for contracts with an original expected duration of greater than one year was de minimis as of June 30, 2022 and $6.6 million as of December 31, 2021. These amounts do not include contracts with an original expected duration of less than one year, which is the majority of the Company’s contracts. The decrease from the prior-year end was primarily due to an agreement modification whereby the Company agreed to a $6.2 million cash settlement with one of its customers in exchange for the full, final and immediate termination of certain deferred revenue liabilities. The remaining decrease was due to the recognition of revenue during the normal course of business.

Remaining deferred revenue that is anticipated to be recognized during the succeeding 12-month period is recorded in the current portion of deferred revenue within the condensed consolidated balance sheets.