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Revenue
 3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenue
2. Revenue
In accordance with ASC 606,
Revenue From Contracts With Customers
, revenue is recognized upon transfer of control of promised products and/or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products and services. Revenue is recognized net of any taxes collected from customers and subsequently remitted to governmental authorities. Refer to Note 11,
Segment Information,
for further details, including disaggregation of revenue based on primary solution category and geographic
location.
Total receivables represent amounts billed and amounts earned that are to be billed in the future (i.e., accrued receivables). Included in accrued receivables are services and SaaS and PaaS revenues earned in the current period but billed in the following period and amounts due under multi-year software license arrangements with extended payment terms for which the Company has an unconditional right to invoice and receive payment subsequent to invoicing.
 
 
 
March 31,
 
 
December 31,
 
(in thousands)
 
2019
 
 
2018
 
Billed receivables
 
$
158,807
 
 
$
239,275
 
Allowance for doubtful accounts
 
 
(3,663
)
 
 
(3,912
)
Billed receivables, net
 
$
155,144
 
 
$
235,363
 
Accrued receivables
 
 
320,575
 
 
 
336,858
 
Significant financing component
 
 
(32,562
)
 
 
(35,029
)
Total accrued receivables, net
 
 
288,013
 
 
 
301,829
 
Less: current accrued receivables
 
 
120,569
 
 
 
123,053
 
Less: current significant financing component
 
 
(9,963
)
 
 
(10,234
)
Total long-term accrued receivables, net
 
$
177,407
 
 
$
189,010
 
Total receivables, net
 
$
443,157
 
 
$
537,192
 
No customer accounted for more than 10% of the Company’s consolidated receivables balance as of March 31, 2019, or December 31, 2018.
Deferred revenue includes amounts due or received from customers for software licenses, maintenance, services, and/or SaaS and PaaS services in advance of recording the related revenue. Changes in deferred revenue were as follows (in thousands):
 
Balance, December 31, 2018
 
$
156,135
 
Deferral of revenue
 
 
42,533
 
Recognition of deferred revenue
 
 
(46,701
)
Foreign currency translation
 
 
255
 
Balance, March 31, 2019
 
$
152,222
 
Revenue allocated to remaining performance obligations represents contracted revenue that will be recognized in future periods, which is comprised of deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. This does not include:
 
 
•
 
Revenue that will be recognized in future periods from capacity overages that are accounted for as a usage-based royalty.
 
 
•
 
SaaS and PaaS revenue from variable consideration that will be recognized in accordance with the ‘right to invoice’ practical expedient.
 
 
•
 
SaaS and PaaS revenue from variable consideration that will be recognized in accordance with the direct allocation method.
Revenue allocated to remaining performance obligations was $628.3 million as of March 31, 2019, of which the Company expects to recognize approximately 46% over the next 12 months and the remainder thereafter.
During the three months ended March 31, 2019, 
revenue recognized by the Company from performance obligations satisfied in previous periods was $3.9 million. During the three months ended March 31,
 2018, revenue recognized by the Company from performance obligations satisfied in previous periods was
not significant
.