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REVENUE RECOGNITION (Tables)
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Assets and Liabilities Associated with Contracts from Customers

The following table provides information about assets and liabilities associated with our contracts from customers (in thousands):

 

 

 

As of September 30, 2024

 

Accounts receivable

 

$

87,693

 

Short-term unbilled receivables

 

 

50,213

 

Long-term unbilled receivables

 

 

19,165

 

Short-term contract assets

 

 

2,909

 

Long-term contract assets

 

 

7,174

 

Short-term deferred revenue

 

 

47,393

 

Long-term deferred revenue

 

 

2,376

 
Summary of Significant Changes in Unbilled Receivables and Deferred Liabilities Balances

Significant changes in the assets and liabilities balances associated with the Company's contracts from customers for the nine months ended September 30, 2024 and 2023 are as follows (in thousands):

 

 

 

Nine Months Ended September 30, 2024

 

 

 

Assets

 

 

Liabilities

 

Balance at December 31, 2023

 

$

42,134

 

 

$

(59,719

)

Revenue recognized that was previously included in deferred revenue, net

 

 

—

 

 

 

86,825

 

Increases due to cash received

 

 

—

 

 

 

(82,928

)

Cumulative catch-up adjustment arising from changes in estimates of
   transaction price, net

 

 

—

 

 

 

6,053

 

Unbilled receivables recorded, net

 

 

109,246

 

 

 

—

 

Contract assets recorded, net

 

 

(1,893

)

 

 

—

 

Transferred to receivables from unbilled receivables

 

 

(70,026

)

 

 

—

 

Net change

 

 

37,327

 

 

 

9,950

 

Balance at September 30, 2024

 

$

79,461

 

 

$

(49,769

)

 

 

 

Nine Months Ended September 30, 2023

 

 

 

Assets

 

 

Liabilities

 

Balance at December 31, 2022

 

$

38,457

 

 

$

(63,878

)

Revenue recognized that was previously included in deferred revenue, net

 

 

—

 

 

 

143,064

 

Increases due to cash received

 

 

—

 

 

 

(159,989

)

Cumulative catch-up adjustment arising from changes in estimates of
   transaction price, net

 

 

—

 

 

 

5,116

 

Unbilled receivables recorded, net

 

 

29,094

 

 

 

—

 

Contract assets recorded, net

 

 

(1,860

)

 

 

—

 

Transferred to receivables from unbilled receivables

 

 

(24,893

)

 

 

—

 

Net change

 

 

2,341

 

 

 

(11,809

)

Balance at September 30, 2023

 

$

40,798

 

 

$

(75,687

)