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Customer Contracts | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Customer Contracts | Customer Contracts The following table presents the balances related to customer contracts:
(In millions) | Condensed Consolidated Balance Sheets Account |  | December 31, 2023 |  | September 30, 2024
Accounts receivable, net | Accounts receivable, net (1) |  | $ | 339.7 |  |  | $ | 311.8 |
Current portion of contract assets | Other current assets |  | $ | 10.7 |  |  | $ | 7.1 |
Non-current portion of contract assets | Other non-current assets |  | $ | 8.6 |  |  | $ | 6.4 |
Current portion of deferred revenue | Deferred revenue |  | $ | 78.8 |  |  | $ | 68.8 |
Non-current portion of deferred revenue | Other non-current liabilities |  | $ | 5.3 |  |  | $ | 2.5 |
(1) Allowance for credit losses and accrued customer credits was $20.1 million and $23.3 million as of December 31, 2023 and September 30, 2024, respectively. Amounts recognized in revenue for the three months ended September 30, 2023, and 2024, which were included in deferred revenue as of the beginning of each period totaled $30.0 million and $39.7 million, respectively. Amounts recognized in revenue for the nine months ended September 30, 2023 and 2024, which were included in deferred revenue as of the beginning of each period totaled $68.0 million and $73.0 million, respectively. Cost Incurred to Obtain and Fulfill a Contract As of December 31, 2023 and September 30, 2024, the balances of capitalized costs to obtain a contract were $42.0 million and $34.1 million, respectively, and the balances of capitalized costs to fulfill a contract were $13.4 million and $13.2 million, respectively. These capitalized costs are included in "Other non-current assets" on the Condensed Consolidated Balance Sheets. Amortization of capitalized sales commissions and implementation costs was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In millions) | 2023 |  | 2024 |  | 2023 |  | 2024
Amortization of capitalized sales commissions | $ | 9.3 |  |  | $ | 7.1 |  |  | $ | 29.4 |  |  | $ | 22.6 |
Amortization of capitalized implementation costs | $ | 3.1 |  |  | $ | 2.2 |  |  | $ | 10.1 |  |  | $ | 7.3 |
Remaining Performance Obligations As of September 30, 2024, the aggregate amount of transaction price allocated to remaining performance obligations was $434.3 million, of which approximately 22% is expected to be recognized as revenue during the remainder of 2024 and the remainder thereafter. These remaining performance obligations primarily relate to our fixed-term arrangements. The aggregate amount of transaction price excludes variable consideration related to our usage-based arrangements for which we recognize revenue based on the right to invoice for the services performed. Convertible Promissory Note On September 27, 2022, we entered into a convertible note purchase agreement with a private company that is also a customer and a vendor. Pursuant to the purchase agreement, we purchased an unsecured convertible promissory note (the "Note") in an aggregate principal amount of $15.0 million. The Note accrues simple interest at a rate of 6% per annum and matures on September 27, 2027, unless earlier converted per the terms of the agreement. Principal and accrued interest are due and payable on the maturity date. We have elected to apply the fair value option under Accounting Standards Update ("ASU") No. 825, Financial Instruments, to account for the Note. As of December 31, 2023 and September 30, 2024, the fair value of the Note was $12.8 million and $15.0 million, respectively, and is included in "Other non-current assets" on our Condensed Consolidated Balance Sheets. The increase in the fair value of the Note is included in “Other expense, net” in the Condensed Consolidated Statements of Comprehensive Loss.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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