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Deferred Revenue and Performance Obligations
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Deferred Revenue and Performance Obligations Disaggregation of Revenue
The tables below show disaggregation of revenue into categories that reflect how economic factors affect the nature, amount, timing, and uncertainty of revenue and cash flows.
Timing of Revenue Recognition
Timing of revenue recognition by revenue category during the period is as follows:
For the three months ended June 30, 2022Products and services transferred at a point in timeProducts and services transferred over timeTotal
Revenues
Software licenses and royalties$12,683 $2,326 $15,009 
Subscriptions— 255,816 255,816 
Software services— 63,125 63,125 
Maintenance— 116,815 116,815 
Appraisal services— 8,812 8,812 
Hardware and other9,108 — 9,108 
Total$21,791 $446,894 $468,685 
For the three months ended June 30, 2021Products and services transferred at a point in timeProducts and services transferred over timeTotal
Revenues
Software licenses and royalties$14,755 $2,849 $17,604 
Subscriptions— 199,558 199,558 
Software services— 53,337 53,337 
Maintenance— 119,621 119,621 
Appraisal services— 6,265 6,265 
Hardware and other7,690 — 7,690 
Total$22,445 $381,630 $404,075 
For the six months ended June 30, 2022Products and services transferred at a point in timeProducts and services transferred over timeTotal
Revenues
Software licenses and royalties$26,752 $4,763 $31,515 
Subscriptions— 501,259 501,259 
Software services— 124,622 124,622 
Maintenance— 233,844 233,844 
Appraisal services— 17,330 17,330 
Hardware and other16,222 — 16,222 
Total$42,974 $881,818 $924,792 
For the six months ended June 30, 2021Products and services transferred at a point in timeProducts and services transferred over timeTotal
Revenues
Software licenses and royalties$26,813 $5,724 $32,537 
Subscriptions— 302,037 302,037 
Software services— 100,977 100,977 
Maintenance— 238,733 238,733 
Appraisal services— 12,730 12,730 
Hardware and other11,863 — 11,863 
Total$38,676 $660,201 $698,877 
Recurring Revenue
The majority of our revenue is comprised of revenues from maintenance and subscriptions, which we consider to be recurring revenue. Virtually all of our on-premises software clients contract with us for maintenance and support, which provides us with a significant source of recurring revenue. We generally provide maintenance and support for our on-premises clients under annual, or in some cases, multi-year contracts. The contract terms for subscription arrangements range from one to 10 years but are typically contracted for initial periods of three to five years, providing a significant source of recurring revenues on an annual basis. We consider all other revenue categories to be non-recurring revenues.
Recurring revenues and non-recurring revenues recognized during the period are as follows:
For the three months ended June 30, 2022Enterprise
Software		Platform TechnologiesCorporateTotals
Recurring revenues$239,454 $133,177 $— $372,631 
Non-recurring revenues70,774 21,670 3,610 96,054 
Intercompany5,342 — (5,342)— 
Total revenues$315,570 $154,847 $(1,732)$468,685 
For the three months ended June 30, 2021Enterprise
Software		Platform TechnologiesCorporateTotals
Recurring revenues$212,432 $106,747 $— $319,179 
Non-recurring revenues69,730 12,227 2,939 84,896 
Intercompany5,621 — (5,621)— 
Total revenues$287,783 $118,974 $(2,682)$404,075 
For the six months ended June 30, 2022Enterprise
Software		Platform TechnologiesCorporateTotals
Recurring revenues$470,465 $264,638 $— $735,103 
Non-recurring revenues145,160 40,919 3,610 189,689 
Intercompany10,931 — (10,931)— 
Total revenues$626,556 $305,557 $(7,321)$924,792 
For the six months ended June 30, 2021Enterprise
Software		Platform TechnologiesCorporateTotals
Recurring revenues$421,230 $119,540 $— $540,770 
Non-recurring revenues137,142 18,026 2,939 158,107 
Intercompany10,897 — (10,897)— 
Total revenues$569,269 $137,566 $(7,958)$698,877 
Deferred Revenue and Performance Obligations
Total deferred revenue, including long-term, by segment is as follows:
June 30, 2022December 31, 2021
Enterprise Software$497,846 $479,048 
Platform Technologies28,538 29,705 
Corporate2,204 1,814 
Totals$528,588 $510,567 
Changes in total deferred revenue, including long-term, were as follows:
Six months ended June 30, 2022
Balance as of December 31, 2021$510,567 
Deferral of revenue611,953 
Recognition of deferred revenue(593,932)
Balance as of June 30, 2022$528,588 
Transaction Price Allocated to the Remaining Performance Obligations
The aggregate amount of transaction price allocated to the remaining performance obligations represents contracted revenue that has not yet been recognized (“backlog”), which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. Backlog as of June 30, 2022, was $1.85 billion, of which we expect to recognize approximately 47% as revenue over the next 12 months and the remainder thereafter.
Deferred CommissionsSales commissions earned by our sales force are considered incremental and recoverable costs of obtaining a contract with a customer. Sales commissions for initial contracts are deferred and then amortized commensurate with the recognition of associated revenue over a period of benefit that we have determined to be generally three to seven years. Deferred commissions were $40.4 million and $38.1 million as of June 30, 2022, and December 31, 2021, respectively. Amortization expense was $3.7 million and $7.2 million for the three and six months ended June 30, 2022, respectively, and $3.2 million and $6.3 million for the three and six months ended June 30, 2021, respectively. There were no indicators of impairment in relation to the costs capitalized for the periods presented. Deferred commissions have been included with prepaid expenses for the current portion and non-current other assets for the long-term portion in the accompanying condensed consolidated balance sheets. Amortization expense related to deferred commissions is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of income.