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REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2025
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 June 30, 2025

 

Accounts receivable

 

$

147,043

 

Short-term unbilled receivables

 

 

37,073

 

Long-term unbilled receivables

 

 

31,171

 

Short-term contract assets

 

 

3,180

 

Long-term contract assets

 

 

5,242

 

Short-term deferred revenue

 

 

36,005

 

Long-term deferred revenue

 

 

2,224

 
Summary of Significant Changes in Unbilled Receivables and Deferred Liabilities Balances

Significant changes in unbilled receivables, contract assets and deferred revenue balances associated with the Company's contracts from customers for the six months ended June 30, 2025 and 2024 are as follows (in thousands):

 

 

 

Six Months Ended June 30, 2025

 

 

 

Assets

 

 

Liabilities

 

Balance at December 31, 2024

 

$

64,876

 

 

$

(33,611

)

Revenue recognized that was previously included in deferred revenue, net

 

 

—

 

 

 

55,923

 

Increases due to cash received

 

 

—

 

 

 

(63,183

)

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

 

 

—

 

 

 

2,642

 

Unbilled receivables recorded, net

 

 

89,409

 

 

 

—

 

Contract assets recorded, net

 

 

(1,038

)

 

 

—

 

Transferred to receivables from unbilled receivables

 

 

(76,581

)

 

 

—

 

Net change

 

 

11,790

 

 

 

(4,618

)

Balance at June 30, 2025

 

$

76,666

 

 

$

(38,229

)

 

 

 

Six Months Ended June 30, 2024

 

 

 

Assets

 

 

Liabilities

 

Balance at December 31, 2023

 

$

42,134

 

 

$

(59,719

)

Revenue recognized that was previously included in deferred revenue, net

 

 

—

 

 

 

71,402

 

Increases due to cash received

 

 

—

 

 

 

(82,928

)

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

 

 

—

 

 

 

729

 

Unbilled receivables recorded, net

 

 

53,816

 

 

 

—

 

Contract assets recorded, net

 

 

(1,078

)

 

 

—

 

Transferred to receivables from unbilled receivables

 

 

(32,723

)

 

 

—

 

Net change

 

 

20,015

 

 

 

(10,797

)

Balance at June 30, 2024

 

$

62,149

 

 

$

(70,516

)