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REVENUES (Tables) | 12 Months Ended
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Dec. 31, 2021
Revenue from Contract with Customer [Abstract] |
Reconciliation of Disaggregation of Revenue | The following tables provide information about disaggregated revenue and a reconciliation of the disaggregated revenue during the years ended December 31, 2021 and 2020:
|  | Year Ended December 31, 2021 |
|  | Launch Services |  |  | Space Systems |  |  | Total |
Revenues by recognition model |  |  |  |  |  |  |  |  |  |  |  |
Point-in-time |  | $ | 36,576 |  |  | $ | 12,578 |  |  | $ | 49,154 |
Over-time |  |  | 2,395 |  |  |  | 10,688 |  |  |  | 13,083 |
Total revenue by recognition model |  | $ | 38,971 |  |  | $ | 23,266 |  |  | $ | 62,237 |
|  | Year Ended December 31, 2020 |
|  | Launch Services |  |  | Space Systems |  |  | Total |
Revenues by recognition model |  |  |  |  |  |  |  |  |  |  |  |
Point-in-time |  | $ | 31,993 |  |  | $ | 1,910 |  |  | $ | 33,903 |
Over-time |  |  | 1,092 |  |  |  | 165 |  |  |  | 1,257 |
Total revenue by recognition model |  | $ | 33,085 |  |  | $ | 2,075 |  |  | $ | 35,160 |
Balances Related to Enforceable Contracts | The following table presents the balances related to enforceable contracts as of December 31, 2021 and 2020:
|  | December 31, |
|  | 2021 |  |  | 2020 |
Contract balances |  |  |  |  |  |  |  |
Accounts receivable |  | $ | 13,957 |  |  | $ | 2,730 |
Contract assets |  |  | 2,490 |  |  |  | 2,045 |
Contract liabilities |  |  | 59,749 |  |  |  | 26,132 |
Changes in Contract Liabilities | Changes in contract liabilities were as follows:
|  | 2021 |  |  | 2020 |
Contract liabilities, beginning of year |  | $ | 26,132 |  |  | $ | 10,211 |
Contract liabilities assumed at acquisition |  |  | 5,560 |  |  |  | — |
Customer advances received |  |  | 41,614 |  |  |  | 24,694 |
Recognition of unearned revenue |  |  | (13,557 | ) |  |  | (8,773 | )
Contract liabilities, end of year |  | $ | 59,749 |  |  | $ | 26,132 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
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