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Contract Assets and Liabilities | 3 Months Ended
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Mar. 31, 2022
Revenue from Contract with Customer [Abstract] |
Contract Assets and Liabilities | 5. Contract Assets and Liabilities The components of contract assets and contract liabilities consisted of the following:
| March 31, |  | December 31,
| 2022 |  | 2021
| (in thousands)
Contract assets - current |  |  |
Unbilled revenue | $ | 2,436 |  |  | $ | 788 |
Contract assets | 429 |  |  | 890 |
Total contract assets - current | $ | 2,865 |  |  | $ | 1,678 |
Contract liabilities - current |  |  |
Deferred revenue - short-term | $ | 9,286 |  |  | $ | 11,082 |
Other contract liabilities | 242 |  |  | 184 |
Total contract liabilities - current | $ | 9,528 |  |  | $ | 11,266 |
Contract liabilities - long-term | $ | — |  |  | $ | — |
Deferred revenue - long-term | 3,000 |  |  | 568 |
Total contract liabilities - long-term | $ | 3,000 |  |  | $ | 568 |
Deferred revenue and other contract liabilities are reported as contract liabilities in the accompanying unaudited condensed consolidated balance sheets. Contract liabilities include payments received and billings made in advance of the satisfaction of performance obligations under the contract and are realized when the associated revenue is recognized under the contract. Contract assets include (i) unbilled revenue, which is the amount of revenue recognized in excess of the amount billed to customers, where the rights to payment are not just subject to the passage of time; and (ii) costs incurred to fulfill contract obligations. Other contract assets and other contract liabilities primarily relate to contract commissions on customer contracts. Changes in short-term and long-term contract assets and contract liabilities reported as of January 1, 2022 were as follows:
| Contract Assets |  | Contract Liabilities
| (in thousands)
Balance on January 1, 2022 | $ | 1,678 |  |  | $ | 11,834 |
Billings or revenue recognized that was included in the beginning balance | 589 |  |  | (7,735) |
Cash received in advance and not recognized as revenue | — |  |  | 6,746 |
Changes in contract assets, net of reclassification to receivables | 1,058 |  |  | — |
Cumulative catch-up adjustment arising from changes in estimates to complete | — |  |  | 1,335 |
Cumulative catch-up adjustment arising from contract modification | — |  |  | 290 |
Changes in costs to fulfill and amortization of commission costs | (460) |  |  | — |
Changes in contract commission costs | — |  |  | 58 |
Balance on March 31, 2022 | $ | 2,865 |  |  | $ | 12,528 |

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- Definition Contract with Customer, Contract Asset and Contract Liability + References No definition available. + Details
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- References No definition available. + Details
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Period Type: | duration