XML 23 R11.htm IDEA: XBRL DOCUMENT v3.19.1
Note 3 - Contracts With Customers
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]
(
3
)
CONTRACTS WITH CUSTOMERS
 
The following table disaggregates revenue for the
three
-month periods ending
March 31, 2019
and
2018
based on timing of revenue recognition (in thousands):
 
   
2019
   
2018
 
Subscription services recognized ratably over time
  $
27,913
    $
25,766
 
Services recognized at a point in time
   
1,000
     
1,872
 
Fixed, non-subscription recognized over time
   
534
     
1,187
 
Unit price services recognized over time
   
2,033
     
2,192
 
Total revenue
  $
31,480
    $
31,017
 
 
The Company’s solutions within the digital VoC platform in the
three
-month periods ending
March 31, 2019
and
2018
accounted for
57.9%
and
44.6%
of total revenue, respectively. The remaining revenue consists of legacy Experience and Governance Solutions.  
 
The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers (In thousands):
 
   
March 31,
2019
   
December 31,
2018
 
Accounts receivables
  $
15,888
    $
11,922
 
Contract assets included in other current assets
  $
100
    $
53
 
Deferred Revenue
  $
(18,241
)
  $
(16,244
)
 
Significant changes in contract assets and contract liabilities during the
three
months ended
March 31, 2019
and
2018
are as follows (in thousands):
 
   
2019
   
2018
 
   
Contract Asset
   
Deferred Revenue
   
Contract Asset
   
Deferred Revenue
 
   
Increase (Decrease)
 
Revenue recognized that was included in deferred revenue at beginning of year due to completion of services
  $
-
    $
(7,289
)
   
 
    $
(8,238
)
Increases due to invoicing of client, net of amounts recognized as revenue
   
-
     
9,082
     
 
     
8,655
 
Decreases due to completion of services (or portion of services) and transferred to accounts receivable
   
(32
)
   
-
     
(35
)
   
 
 
Change due to cumulative catch-up adjustments arising from changes in expected contract consideration
   
 
     
204
     
 
     
(94
)
Decreases due to impairment
   
-
     
-
     
 
     
 
 
Increases due to revenue recognized in the period with additional performance obligations before invoicing
   
79
     
-
     
49
     
 
 

The Company has elected to apply the practical expedient to
not
disclose the value of unsatisfied performance obligations for contracts with an original expected length of
one
year or less. Total remaining contract revenue for contracts with original duration of greater than
one
year expected to be recognized in the future related to performance obligations that are unsatisfied at
March 31, 2019
approximated
$524,000,
of which
$419,000
and
$105,000
are expected to be recognized during
2019
and
2020,
respectively.