REVENUE RECOGNITION AND RECEIVABLES (Tables)

6 Months Ended

Jun. 30, 2024

REVENUE RECOGNITION AND RECEIVABLES

Summary of revenues

Revenue accounted for in accordance with ASC 606 consisted of the following for the periods presented below (in thousands):

	Three months ended June 30, 2024						Three months ended June 30, 2023
	International		US				International		US
	Telecom		Telecom		Total		Telecom		Telecom		Total
Services transferred over time	$	90,271	$	71,829	$	162,100	$	86,730	$	80,330	$	167,060
Goods and services transferred at a point in time		3,618		3,648		7,266		3,781		2,597		6,378
Total revenue accounted for under ASC 606	$	93,889	$	75,477	$	169,366	$	90,511	$	82,927	$	173,438
Operating lease income		75		2,036		2,111		73		1,887		1,960
Government grant revenue (1)		1,393		10,411		11,804		1,397		9,646		11,043
Total revenue	$	95,357	$	87,924	$	183,281	$	91,981	$	94,460	$	186,441

	Six months ended June 30, 2024						Six months ended June 30, 2023
	International		US				International		US
	Telecom		Telecom		Total		Telecom		Telecom		Total
Services transferred over time	$	178,831	$	149,872	$	328,703	$	172,409	$	161,403	$	333,812
Goods and services transferred at a point in time		6,652		6,919		13,571		7,040		5,144		12,184
Total revenue accounted for under ASC 606	$	185,483	$	156,791	$	342,274	$	179,449	$	166,547	$	345,996
Operating lease income		147		4,070		4,217		145		3,717		3,862
Government grant revenue (1)		2,786		20,799		23,585		2,795		19,561		22,356
Total revenue	$	188,416	$	181,660	$	370,076	$	182,389	$	189,825	$	372,214

(1) Revenue recognized from CAF II, USF and RDOF programs. Refer to Note 8.

Summary of contracts asset and liabilities

Contract assets and liabilities consisted of the following (amounts in thousands):

	June 30, 2024		December 31, 2023			$ Change	% Change
Contract asset – current	$	3,701	$	3,616	$	85		2.4	%
Contract asset – noncurrent		5,149		5,509		(360)		(6.5)	%
Contract liability – current		(32,283)		(30,990)		(1,293)		4.2	%
Contract liability – noncurrent		(59,373)		(64,035)		4,662		(7.3)	%
Net contract liability	$	(82,806)	$	(85,900)	$	3,094		(3.6)	%

Schedule of activity in allowances for credit losses

Activity in the allowance for credit losses is below (in thousands):

	Six months ended
	June 30, 2024		June 30, 2023
Balance at beginning of period	$	16,362	$	15,171
Current period provision for expected losses		2,855		2,463
Write-offs charged against the allowance		(2,918)		(1,878)
Recoveries collected		133		188
Balance at end of period	$	16,432	$	15,944