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Development, Commercialization and Supply Agreements (Tables)
 9 Months Ended
Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Changes in Balances of Contract Assets and Liabilities and Revenues Recognized

The following table presents changes in the balances of the Company’s contract assets and liabilities during the nine months ended September 30, 2021 and 2020:

 

In thousands

Balance at
Beginning of
Period

 

 

Additions

 

 

Deductions

 

 

Balance at
End of Period

 

Nine months ended September 30, 2021:

 

 

 

 

 

 

 

 

 

 

 

Contract assets

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

$

18,632

 

 

$

92

 

 

$

(1,592

)

 

$

17,132

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2020:

 

 

 

 

 

 

 

 

 

 

 

Contract assets

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

$

20,846

 

 

$

3,750

 

 

$

(5,691

)

 

$

18,905

 

 

During the nine months ended September 30, 2021 and 2020, the Company recognized the following revenues as a result of changes in the contract asset and contract liability balances in the respective periods:

 

In thousands

Nine months ended September 30,

 

Revenue recognized in the period from:

2021

 

 

2020

 

Amounts included in contract liability at the beginning of the period

$

1,555

 

 

$

3,951

 

Performance obligations satisfied in previous periods

$

33

 

 

$

1,097