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Revenues
 6 Months Ended
Jun. 30, 2021
Revenue From Contract With Customer [Abstract]  
Revenues

Note 9. Revenues

Performance obligations

Substantially all of the Company’s revenues are recognized at a point in time when the orders are completed and the completed reports are reported, or otherwise made available. For revenues delivered over time, the output method is utilized to measure the value to the customer based on the transfer to date of the services promised, with no rights of return once consumed. In these cases, revenue on transactional contracts with a defined price but an undefined quantity is recognized utilizing the right to invoice expedient resulting in revenues being recognized when the service is provided and becomes billable. Additionally, under this practical expedient, the Company is not required to estimate the transaction price.

Accordingly, in any period, the Company does not recognize a significant amount of revenues from performance obligations satisfied or partially satisfied in prior periods and the amount of such revenues recognized during the three and six months ended June 30, 2021 (Successor), the three months ended June 30, 2020 (Successor), the period from February 1, 2020 through June 30, 2020 (Successor), and the period from January 1, 2020 through January 31, 2020 (Predecessor) were immaterial.

Disaggregation of revenues

The Company bases revenues by geographic region in which the revenues and invoicing are recorded. Other than the United States, no single country accounted for 10% or more of our total revenues during these periods. The following summarizes revenues by geographical location (in thousands):

 

 

Three-Month Period

 

 

Six-Month Period

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

 

 

Predecessor

 

 

 

Three Months
Ended
June 30, 2021

 

 

Three Months
Ended
June 30, 2020

 

 

Six Months
Ended
June 30, 2021

 

 

Period from
February 1, 2020
through June 30, 2020

 

 

 

Period from
January 1, 2020
through January 31, 2020

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

146,300

 

 

$

94,209

 

 

$

262,823

 

 

$

160,066

 

 

 

$

32,411

 

International

 

 

30,080

 

 

 

11,499

 

 

 

46,642

 

 

 

20,344

 

 

 

 

4,665

 

Eliminations

 

 

(1,554

)

 

 

(715

)

 

 

(2,569

)

 

 

(1,363

)

 

 

 

(291

)

Total revenues

 

$

174,826

 

 

$

104,993

 

 

$

306,896

 

 

$

179,047

 

 

 

$

36,785

 

Contract assets and liabilities

The contract asset balance was $8.6 million and $4.2 million as of June 30, 2021 (Successor) and December 31, 2020 (Successor), respectively, and is included in accounts receivable, net in the accompanying condensed consolidated balance sheets. The contract liability balance was $0.5 million and $0.4 million as of June 30, 2021 (Successor) and December 31, 2020 (Successor), respectively, and is included in deferred revenue in the accompanying condensed consolidated balance sheets. An immaterial amount of revenue was recognized in the current period related to the beginning balance of deferred revenue.

Concentrations

The Company did not have any customers which represented 10% or more of consolidated revenues for the three and six months ended June 30, 2021 (Successor) and the period from January 1, 2020 through January 31, 2020 (Predecessor). The Company had two customers which represented approximately 24% in the aggregate and one customer which represented approximately 11% of consolidated revenues for the three months ended June 30, 2020 (Successor) and for the period from February 1, 2020 through June 30, 2020 (Successor), respectively. No other customer represented 10% or more of revenue for such periods. Additionally, the Company did not have any customers which represented 10% or more of consolidated accounts receivable, net for any period presented.