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Contract Assets and Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2020
Deferred Income Tax Expense Benefit Provision For Gain Loss On Extinguishment Of Debt |
Schedule of Contract Assets and Contract Liabilities | Contract assets and Contract liabilities (included in Accrued liabilities) are reported in the Consolidated Balance Sheets in a net position, on a contract-by-contract basis at the end of each reporting period. Contract assets and contract liabilities are summarized as follows:
(in thousands) |  | December 31, 2020 |  | December 31, 2019
Contract assets |  | $ | 140,348 |  |  | $ | 79,070 |
Allowance for expected credit losses |  | (1,059) |  |  | — |
Contract assets, net |  | $ | 139,289 |  |  | $ | 79,070 |
Contract liabilities |  | $ | 8,206 |  |  | $ | 5,656 |
Contract with Customer, Contract Asset, Contract Liability, and Receivable | The following table presents the 2020 (increases)/ decreases in the allowance for credit losses for Contract assets:
(in thousands) | December 31, 2019 | CECL transition adjustment | Charges | Currency translation | Other | December 31, 2020
Contract assets expected credit losses | $ | — |  | $ | (403) |  | $ | (657) |  | $ | (5) |  | $ | 6 |  | $ | (1,059) |

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- Definition Tabular disclosure of contract balances and changes in contract balances. + References No definition available. + Details
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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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