XML 28 R12.htm IDEA: XBRL DOCUMENT v3.21.2
CONTRACT ASSETS AND LIABILITIES
 12 Months Ended
Jun. 30, 2021
CONTRACT ASSETS AND LIABILITIES  
CONTRACT ASSETS AND LIABILITIES

5.            CONTRACT ASSETS AND LIABILITIES

The table below shows the balance of contract assets and liabilities as of June 30, 2020 and 2021, including the change between the periods. There were no substantial non-current contract assets for the periods presented.

Contract Assets (in thousands)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30,

​

June 30,

​

    

​

​

    

 

​

    

2020

    

2021

    

Change

    

% Change

 

Unbilled revenue (included in accounts receivable, net)

​

$

43,011

​

$

40,853

​

$

(2,158)

 

(5)

%

Contract Liabilities (in thousands)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30,

​

June 30,

​

​

​

​

​

 

​

    

2020

    

2021

    

Change

    

% Change

​

Advances from customers

​

$

28,155

​

$

38,463

​

$

10,308

 

37

%

Deferred revenue—current

​

 

32,863

​

 

32,689

​

 

(174)

 

(1)

%

Deferred revenue—long-term

​

 

13,214

​

 

14,898

​

 

1,684

 

13

%

​

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, 2021, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $251.5 million. We expect to recognize revenue on approximately 57% 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, 2021, we recognized revenue of $58.6 million from contract liabilities existing as of July 1, 2020.