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Note 3 - Contracts With Customers
9 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]
(
3
)
CONTRACTS WITH CUSTOMERS
 
The following table disaggregates revenue based on timing of revenue recognition (In thousands):
 
   
Three months ended
   
Nine months ended
 
   
September 30,
2019
   
September 30,
2018
   
September 30,
2019
   
September 30,
2018
 
Subscription services recognized ratably over time
  $
28,629
    $
26,328
    $
84,460
    $
77,746
 
Services recognized at a point in time
   
1,606
     
807
     
4,231
     
2,923
 
Fixed, non-subscription recognized over time
   
1,043
     
973
     
2,083
     
2,561
 
Unit price services recognized over time
   
1,187
     
1,905
     
4,585
     
5,817
 
Total revenue
   
32,465
     
30,013
     
95,359
     
89,047
 
 
Our solutions within the digital VoC platform accounted for
63.8%
and
51.2%
of total revenue, in the
three
-month periods ending
September 30, 2019
and
2018,
respectively, and
61.3%
and
48.7%
of total revenue in the
nine
-month periods ending
September 30, 2019
and
2018,
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:
 
   
September 30,
2019
   
December 31,
2018
 
   
(In thousands)
 
Accounts receivable
  $
15,308
    $
11,922
 
Contract assets included in other current assets
  $
133
    $
53
 
Deferred revenue
  $
(19,133
)
  $
(16,244
)
 
Significant changes in contract assets and contract liabilities during the
nine
months ended
September 30, 2019
and
2018
are as follows (in thousands):
 
   
Nine months ended
September 30, 2019
   
Nine months ended
September 30, 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
  $
-
    $
(15,214
)
  $
-
    $
(15,377
)
Increases due to invoicing of client, net of amounts recognized as revenue
   
-
     
17,829
     
-
     
17,522
 
Decreases due to completion of services (or portion of services) and transferred to accounts receivable
   
(51
)
   
-
     
(71
)
   
-
 
Change due to cumulative catch-up adjustments arising from changes in expected contract consideration
   
 
     
274
     
 
     
(145
)
Decreases due to impairment
   
-
     
-
     
-
     
-
 
Increases due to revenue recognized in the period with additional performance obligations before invoicing
   
131
     
-
     
65
     
-
 
 
We have 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
September 30, 2019
approximated
$1,252,000,
of which
$308,000,
$889,000
and
$55,000
will be recognized during the remainder of
2019,
2020
and
2021,
respectively.