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Revenue Recognition (Notes)
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Contract Balances
The contract assets are primarily related to the Company’s fixed fee IP licensing arrangements and rights to consideration for performance obligations delivered but not billed as of December 31, 2023.
The Company’s contract balances were as follows:
As of December 31,
(In thousands)20232022
Unbilled receivables$55,295 $150,920 
Deferred revenue18,085 25,421 
During the years ended December 31, 2023 and December 31, 2022, the Company recognized $20.8 million and $23.6 million, respectively, of revenue that was included in deferred revenue as of December 31, 2022 and December 31, 2021, respectively.
Remaining Performance Obligations
Revenue allocated to remaining performance obligations represents the transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods. Contracted but unsatisfied performance obligations were approximately $19.3 million as of December 31, 2023, which the Company primarily expects to recognize over the next 2 years.