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Revenues
 12 Months Ended
Dec. 31, 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 for the year ended December 31, 2021 (Successor), the period from February 1, 2020 through December 31, 2020 (Successor), the period from January 1, 2020 through January 31, 2020 (Predecessor), and for the year ended December 31, 2019 (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 region (in thousands):

 

 

Successor

 

 

 

Predecessor

 

 

 

Year Ended
December 31, 2021

 

 

Period from
February 1, 2020
through
December 31, 2020

 

 

 

Period from
January 1, 2020
through
January 31, 2020

 

 

Year Ended
December 31, 2019

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

604,413

 

 

$

430,002

 

 

 

$

32,411

 

 

$

423,164

 

International

 

 

114,009

 

 

 

45,818

 

 

 

 

4,665

 

 

 

62,948

 

Eliminations

 

 

(6,127

)

 

 

(3,451

)

 

 

 

(291

)

 

 

(4,345

)

Total revenues

 

$

712,295

 

 

$

472,369

 

 

 

$

36,785

 

 

$

481,767

 

Contract assets and liabilities

The contract asset balance was $7.4 million and $4.2 million as of December 31, 2021 and 2020 (Successor), respectively, and is included in accounts receivable, net in the accompanying consolidated balance sheets. The contract liability balance was $0.9 million and $0.4 million as of December 31, 2021 and 2020 (Successor), respectively, and is included in deferred revenue in the accompanying consolidated balance sheets. An immaterial amount of revenue was recognized in the current period related to the beginning balance of deferred revenue.