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Contract Assets and Contract Liabilities | 9 Months Ended
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Sep. 30, 2024
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract] |
Contract Assets and Contract Liabilities | 7. Contract Assets and Contract Liabilities Contract assets included within prepaid expenses and other current assets in the condensed consolidated balance sheets are as follows (in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
Contract assets |  | $ | 5,210 |  |  | $ | 3,865 |
The non-current contract liabilities balance is included in other long-term liabilities on the condensed consolidated balance sheets. The Company’s contract liabilities are as follows (in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
Contract liabilities |  | $ | 14,290 |  |  | $ | 16,474 |
Less: Non-current portion of contract liabilities |  |  | 2,688 |  |  |  | 2,564 |
Current portion of contract liabilities |  | $ | 11,602 |  |  | $ | 13,910 |
The Company recognized $2.6 million and $8.6 million of revenue from the opening contract liabilities balance for the three and nine months ended September 30, 2024, respectively.

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- Definition Contract with customer asset and liability. + References No definition available. + Details
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- References No definition available. + Details
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