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REVENUE FROM CONTRACTS WITH CUSTOMERS | 12 Months Ended
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Dec. 31, 2019
Revenue from Contract with Customer [Abstract] |
REVENUE FROM CONTRACTS WITH CUSTOMERS | REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregated Revenue The Company provides information, analytics and online marketplaces to the commercial real estate industry and related professionals. The revenues by operating segment and type of service consist of the following (in thousands):
| Year Ended December 31,
| 2019 |  | 2018
| North America |  | International |  | Total |  | North America |  | International |  | Total
Information and analytics |  |  |  |  |  |  |  |  |  |  |
CoStar Suite | $ | 590,222 |  |  | $ | 27,576 |  |  | $ | 617,798 |  |  | $ | 519,661 |  |  | $ | 25,534 |  |  | $ | 545,195 |
Information services | 76,950 |  |  | 11,496 |  |  | 88,446 |  |  | 58,708 |  |  | 8,916 |  |  | 67,624 |
Online marketplaces |  |  |  |  |  |  |  |  |  |  |
Multifamily | 490,631 |  |  | — |  |  | 490,631 |  |  | 405,795 |  |  | — |  |  | 405,795 |
Commercial property and land | 202,264 |  |  | 580 |  |  | 202,844 |  |  | 173,137 |  |  | 81 |  |  | 173,218 |
Total revenues | $ | 1,360,067 |  |  | $ | 39,652 |  |  | $ | 1,399,719 |  |  | $ | 1,157,301 |  |  | $ | 34,531 |  |  | $ | 1,191,832 |
Deferred Revenue Changes in deferred revenue for the period were as follows (in thousands):
Balance at December 31, 2018 | $ | 51,459 |
Revenue recognized in the current period from the amounts in the beginning balance | (49,937 | )
New deferrals, net of amounts recognized in the current period | 68,814 |
Effects of foreign currency | 284 |
Balance at December 31, 2019 (1) | $ | 70,620 |
__________________________ |
(1) Deferred revenue was comprised of $67 million of current liabilities and $3 million of noncurrent liabilities classified within lease and other long-term liabilities on the Company’s consolidated balance sheet as of December 31, 2019. The balance includes $11 million of net new deferrals recognized in connection with business acquisitions made in 2019. See Note 4 for details. Contract Assets The Company had contract assets of $4 million and $2 million as of December 31, 2019 and December 31, 2018, respectively; which are generated when contractual billing schedules differ from revenue recognition timing. Contract assets represent a conditional right to consideration for satisfied performance obligations that becomes a receivable when the conditions are satisfied. Current contract assets are included in prepaid expenses and other current assets and non-current contract assets are included in deposits and other assets on the Company's consolidated balance sheets. Commissions Commissions expense is included in selling and marketing expense in the Company's consolidated statements of operations. The Company determined that no deferred commissions were impaired as of December 31, 2019. Commissions expense activity as of December 31, 2019 and December 31, 2018 was as follows (in thousands):
| Year Ended December 31,
| 2019 |  | 2018
Commissions incurred | $ | 87,043 |  |  | $ | 72,899 |
Commissions capitalized in the current period | (66,688 | ) |  | (53,497 | )
Amortization of deferred commissions costs | 53,421 |  |  | 48,313 |
Total commissions expense | $ | 73,776 |  |  | $ | 67,715 |
Refer to Note 2 for the Company's policy on accounting for commissions. Unsatisfied Performance Obligations Remaining contract consideration for which revenue had not been recognized due to unsatisfied performance obligations was approximately $257 million at December 31, 2019, which the Company expects to recognize over the next five years. This amount does not include contract consideration for contracts with a duration of one year or less.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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