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CONTRACT ASSETS AND LIABILITIES
 12 Months Ended
Jun. 30, 2020
CONTRACT ASSETS AND LIABILITIES  
CONTRACT ASSETS AND LIABILITIES

3.           CONTRACT ASSETS AND LIABILITIES

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The table below shows the balance of contract assets and liabilities as of June 30, 2019 and 2020, including the change between the periods. There were no substantial non-current contract assets for the periods presented.

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Contract Assets (in thousands)

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

June 30,

    

June 30, 

    

​

​

    

​

 

​

​

2019

​

2020

​

Change

​

% Change

​

Unbilled revenue (included in accounts receivable, net)

​

$

19,287

​

$

43,011

​

$

23,724

 

123

%

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Contract Liabilities (in thousands)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

June 30,
2019

    

June 30,
2020

    

Change

    

% Change

 

Advances from customers

​

$

43,227

​

$

28,155

​

$

(15,072)

 

(35)

%

Deferred revenue—current

​

 

33,641

​

 

32,863

​

 

(778)

 

(2)

%

Deferred revenue—long-term

​

 

9,506

​

 

13,214

​

 

3,708

 

39

%

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Remaining Performance Obligations. Remaining performance obligations related to ASC 606 represent the aggregate transaction price allocated to performance obligations under an original contract with a term greater than one year which are fully or partially unsatisfied at the end of the period. As of June 30, 2020, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $171.7 million. We expect to recognize revenue on approximately 59% of the remaining performance obligations over the next 12 months, and the remainder is expected to be recognized thereafter. During the year ended June 30, 2020, we recognized revenue of $72.7 million from contract liabilities existing as of July 1, 2019.