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Revenues
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenues Revenue
For the three and nine months ended September 30, 2024 and 2023, all material performance obligations related to revenue recognized were satisfied at a point in time. For the three and nine months ended September 30, 2024, approximately 5% and 7%, respectively, of total revenue was generated in Canada, and all other revenues were generated in the U.S. For the three and nine months ended September 30, 2023, 7% and 8%, respectively, of total revenue was generated in Canada, and all other revenues were generated in the U.S.
Trade receivables
Trade receivables represent an unconditional right to consideration in exchange for goods or services transferred to a customer. The Company invoices its customers in accordance with the terms of the contract. Credit terms are generally net 30 - 45 days from the date of invoice. The timing between the satisfaction of performance obligations and when payment is due from the customer is generally not significant.
Contract assets
Contract assets are comprised of unbilled receivables from customers and are included in Receivables, net in the Consolidated Balance Sheets. Unbilled receivables represent a conditional right to consideration in exchange for goods or services transferred to a customer.
The following table shows the components of the Company's Receivables, net:
As of
(in thousands)September 30, 2024December 31, 2023
Trade and other receivables, net$16,465 $11,330 
Unbilled receivables125 4,862 
Receivables, net$16,590 $16,192 
Contract liabilities
Contract liabilities are comprised of deferred revenue, which represents an obligation to transfer goods or services to a customer for which the Company has received consideration from the customer and, if deliverable within one year or less, are included in "Other current liabilities" in the Condensed Consolidated Balance Sheets and, if deliverable outside of one year, are included in "Other long-term liabilities" in the Condensed Consolidated Balance Sheets.