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Revenue
 6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
In accordance with ASC 606, Revenue From Contracts With Customers, revenue is recognized upon transfer of control of promised products and/or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products and services. Revenue is recognized net of any taxes collected from customers and subsequently remitted to governmental authorities. Refer to Note 11, Segment Information, for further details, including disaggregation of revenue based on primary solution category and geographic location.

Total receivables represent amounts billed and amounts earned that are to be billed in the future (i.e., accrued receivables). Included in accrued receivables are services, software as a service ("SaaS"), and platform as a service ("PaaS") revenues earned in the current period but billed in the following period, and amounts due under multi-year software license arrangements with extended payment terms for which the Company has an unconditional right to invoice and receive payment subsequent to invoicing.

Total receivables, net is comprised of the following (in thousands):
 
June 30,
2019
 
December 31,
2018
Billed receivables
$
158,052

 
$
239,275

Allowance for doubtful accounts
(3,781
)
 
(3,912
)
Billed receivables, net
154,271

 
235,363

Accrued receivables
341,417

 
336,858

Significant financing component
(31,782
)
 
(35,029
)
Total accrued receivables, net
309,635

 
301,829

Less: current accrued receivables
142,248

 
123,053

Less: current significant financing component
(10,126
)
 
(10,234
)
Total long-term accrued receivables, net
177,513

 
189,010

Total receivables, net
$
463,906

 
$
537,192



No customer accounted for more than 10% of the Company’s consolidated receivables balance as of June 30, 2019, or December 31, 2018.

Deferred revenue includes amounts due or received from customers for software licenses, maintenance, services, and/or SaaS and PaaS services in advance of recording the related revenue. Changes in deferred revenue were as follows (in thousands):
Balance, December 31, 2018
$
156,135

Deferral of revenue
79,147

Recognition of deferred revenue
(97,104
)
Foreign currency translation
255

Balance, June 30, 2019
$
138,433



Revenue allocated to remaining performance obligations represents contracted revenue that will be recognized in future periods, which is comprised of deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. This does not include:
•
Revenue that will be recognized in future periods from capacity overages that are accounted for as a usage-based royalty.
•
SaaS and PaaS revenue from variable consideration that will be recognized in accordance with the ‘right to invoice’ practical expedient.
•
SaaS and PaaS revenue from variable consideration that will be recognized in accordance with the direct allocation method.

Revenue allocated to remaining performance obligations was $647.8 million as of June 30, 2019, of which the Company expects to recognize approximately 45% over the next 12 months and the remainder thereafter.

During the three and six months ended June 30, 2019 and 2018, revenue recognized by the Company from performance obligations satisfied in previous periods was not significant.