XML 60 R34.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Financial Statement Details (Components of Prepaid Expenses and Other Assets) (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Costs of obtaining contracts [1],[2] $ 56,945   $ 57,911
Prepaid software maintenance and subscriptions, current and long-term [3] 36,321   36,277
Implementation costs for cloud computing arrangements [4],[5] 10,321   10,450
Unbilled accounts receivable 8,699   7,067
Prepaid insurance 5,754   3,027
Taxes, prepaid and receivable 5,434   4,257
Investment in equity securities 4,943 [6]   4,943
Derivative instruments 3,517   10,550
Other assets 13,518   14,026
Total prepaid expenses and other assets 145,452   148,508
Less: Long-term portion 57,270   67,221
Prepaid expenses and other current assets 88,182   81,287
Amortization expense from costs of obtaining contracts 5,000 $ 4,800  
Current portion of costs of obtaining contracts 18,400   18,400
Prepaid software maintenance and subscriptions, current 34,700   34,000
Implementation costs for cloud computing arrangements, accumulated amortization $ 11,400   $ 10,600
[1] Amortization expense from costs of obtaining contracts was $5.0 million and $4.8 million for the three months ended March 31, 2025 and 2024, respectively.
[2] The current portion of costs of obtaining contracts as of March 31, 2025 and December 31, 2024 was $18.4 million and $18.4 million, respectively.
[3] The current portion of prepaid software maintenance and subscriptions as of March 31, 2025 and December 31, 2024 was $34.7 million and $34.0 million, respectively.
[4] Amortization expense from capitalized cloud computing implementation costs was insignificant for the three months ended March 31, 2025 and 2024. Accumulated amortization for these costs was $11.4 million and $10.6 million as of March 31, 2025 and December 31, 2024, respectively.
[5] These costs primarily relate to the multi-year implementations of our global enterprise resource planning, customer relationship management systems and other cloud-based systems.
[6] Represents a strategic investment that did not result in Blackbaud having significant influence over the investee.