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Contract Assets and Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2020
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract] |
Schedule of Contract Assets and Contract Liabilities | As of September 30, 2020 and December 31, 2019, Contract assets and Contract liabilities consisted of the following:
(in thousands) | September 30, 2020 | December 31, 2019
Contract assets | $ | 105,626 |  | $ | 79,070 |
Allowance for expected credit losses | (773) |  | — |
Contract assets, net | $ | 104,853 |  | $ | 79,070 |
Contract liabilities | $ | 7,913 |  | $ | 5,656 |
Contract with Customer, Contract Asset, Contract Liability, and Receivable | The following table presents the year-to-date (increases)/ decreases in the allowance for credit losses for Contract assets:
(in thousands) | December 31, 2019 | CECL transition adjustment | Charges | Currency translation | Other | September 30, 2020
Contract assets expected credit losses | $ | — |  | $ | (403) |  | $ | (382) |  | $ | 4 |  | $ | 8 |  | $ | (773) |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
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