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Revenue from Contracts with Customers | 12 Months Ended
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Sep. 30, 2021
Revenue From Contract With Customer [Abstract] |
Revenue from Contracts with Customers | 3. Revenue from Contracts with Customers Contract Assets and Contract Liabilities
(in thousands) |  | September 30, |
|  | 2021 |  |  | 2020 |
Contract asset |  | $ | 12,934 |  |  | $ | 11,984 |
Deferred revenue |  | $ | 497,677 |  |  | $ | 426,465 |
As of September 30, 2021, $8.2 million of our contract assets are expected to be transferred to receivables within the next 12 months and therefore are included in other current assets. The remainder is included in other long-term assets and expected to be transferred within the next 24 months. As of September 30, 2020, $6.9 million of our contract asset balance was included in other current assets and $5.0 million was included in other long-term assets. Approximately $6.6 million of the September 30, 2020 contract asset balance was transferred to receivables during the year ended September 30, 2021 as a result of the right to payment becoming unconditional. The majority of the contract asset balance relates to two large professional services contracts with invoicing terms based on performance milestones. The net increase in contract assets of $0.9 million includes an increase of approximately $7.5 million related to revenue recognized in the period, net of billings. During the year ended September 30, 2021, we recognized $402.5 million of revenue that was included in deferred revenue as of September 30, 2020 and there were additional deferrals of $458.2 million, primarily related to new billings. In addition, deferred revenue increased by $15.5 million (net of a $10.4 million fair value adjustment) as a result of the acquisition of Arena. For subscription contracts, we generally invoice customers annually. The balance of total short- and long-term receivables as of September 30, 2021 was $744.6 million, compared to $511.3 million as of September 30, 2020. Costs to Obtain or Fulfill a Contract We recognize an asset for the incremental costs of obtaining a contract with a customer if the benefit of those costs is expected to be longer than one year. These deferred costs (primarily commissions) are amortized proportionately related to revenue over 5 years, which is generally longer than the term of the initial contract because of anticipated renewals as commissions for renewals are not commensurate with commissions related to our initial contracts. As of September 30, 2021 and September 30, 2020, deferred costs of $40.2 million and $33.9 million, respectively, were included in other current assets and $81.1 million and $72.9 million, respectively, were included in other assets (non-current). Amortization expense related to costs to obtain a contract with a customer was $46.7 million and $36.2 million in the years ended September 30, 2021 and 2020, respectively. There were no impairments of the contract cost asset in the years ended September 30, 2021 and 2020. Remaining Performance Obligations Our contracts with customers include amounts allocated to performance obligations that will be satisfied at a later date. As of September 30, 2021, the amounts include additional performance obligations of $497.7 million recorded in deferred revenue and $987.3 million that are not yet recorded in the consolidated balance sheets. We expect to recognize approximately 82% of the total $1,485.0 million over the next 24 months, with the remaining amount thereafter. Disaggregation of Revenue
(in thousands) |  | Year ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Total recurring revenue |  | $ | 1,616,328 |  |  | $ | 1,281,949 |  |  | $ | 1,017,398 |
Perpetual license |  |  | 33,013 |  |  |  | 32,668 |  |  |  | 70,702 |
Professional services |  |  | 157,818 |  |  |  | 143,798 |  |  |  | 167,531 |
Total revenue |  | $ | 1,807,159 |  |  | $ | 1,458,415 |  |  | $ | 1,255,631 |
For further disaggregation of revenue by geographic region and product group see Note 18. Segment and Geographic Information.

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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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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