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RECEIVABLES, CONTRACT ASSETS, AND DEFERRED REVENUE | 3 Months Ended
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Mar. 31, 2024
Receivables [Abstract] |
RECEIVABLES, CONTRACT ASSETS, AND DEFERRED REVENUE | NOTE 3. RECEIVABLES, CONTRACT ASSETS, AND DEFERRED REVENUE Receivables
(in thousands) | March 31, 2024 |  | December 31, 2023
Accounts receivable, net | $ | 191,987 |  |  | $ | 300,173 |
Unbilled receivables, net | 170,458 |  |  | 237,379 |
Long-term unbilled receivables, net | 72,814 |  |  | 85,402 |
| $ | 435,259 |  |  | $ | 622,954 |
Unbilled receivables Unbilled receivables are client-committed amounts for which revenue recognition precedes billing. Billing is solely subject to the passage of time. Unbilled receivables by expected collection date:
(Dollars in thousands) | March 31, 2024
1 year or less | $ | 170,458 |  | 70 | %
1-2 years | 54,111 |  | 22 | %
2-5 years | 18,703 |  | 8 | %
| $ | 243,272 |  | 100 | %
Unbilled receivables by contract effective date:
(Dollars in thousands) | March 31, 2024
2024 | $ | 19,018 |  | 8 | %
2023 | 144,525 |  | 59 | %
2022 | 38,025 |  | 16 | %
2021 | 35,988 |  | 15 | %
2020 and prior | 5,716 |  | 2 | %
| $ | 243,272 |  | 100 | %
Major clients Clients that represented 10% or more of the Company’s total accounts receivable and unbilled receivables:
| March 31, 2024 |  | December 31, 2023
Client A |  |  |
Accounts receivable | 10 | % |  | *
Unbilled receivables | 12 | % |  | *
Total receivables | 11 | % |  | *
* Client accounted for less than 10% of receivables. Contract assets Contract assets are client-committed amounts for which revenue recognized exceeds the amount billed to the client, and billing is subject to conditions other than the passage of time, such as the completion of a related performance obligation.
(in thousands) | March 31, 2024 |  | December 31, 2023
Contract assets (1) | $ | 10,853 |  |  | $ | 16,238 |
Long-term contract assets (2) | 20,909 |  |  | 20,635 |
| $ | 31,762 |  |  | $ | 36,873 |
(1) Included in other current assets. (2) Included in other long-term assets. Deferred revenue Deferred revenue consists of billings and payments received in advance of revenue recognition.
(in thousands) | March 31, 2024 |  | December 31, 2023
Deferred revenue | $ | 382,765 |  |  | $ | 377,845 |
Long-term deferred revenue (1) | 1,784 |  |  | 2,478 |
| $ | 384,549 |  |  | $ | 380,323 |
(1) Included in other long-term liabilities. The increase in deferred revenue in the three months ended March 31, 2024, was primarily due to new billings in advance of revenue recognized. In the three months ended March 31, 2024, $168.3 million in revenue was recognized from deferred revenue as of December 31, 2023.

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- Definition Receivables, Contract Assets, And Deferred Revenue [Text Block] + References No definition available. + Details
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- References No definition available. + Details
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Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration