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REVENUE RECOGNITION AND RECEIVABLES (Tables) | 3 Months Ended
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Mar. 31, 2024
REVENUE RECOGNITION AND RECEIVABLES |
Summary of revenues | Revenue accounted for in accordance with ASC 606 consisted of the following for the periods presented below (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three months ended March 31,2024
​ | International | ​ | US | ​ | ​ | ​
​ | Telecom | ​ | Telecom | ​ | Total
Services transferred over time | $ | 88,560 | ​ | $ | 78,043 | ​ | $ | 166,603
Goods and services transferred at a point in time | ​ | 3,034 | ​ | ​ | 3,271 | ​ | ​ | 6,305
Total revenue accounted for under ASC 606 | $ | 91,594 | ​ | $ | 81,314 | ​ | $ | 172,908
Operating lease income | ​ | 72 | ​ | ​ | 2,034 | ​ | ​ | 2,106
Government grant revenue (1) | ​ | 1,393 | ​ | ​ | 10,387 | ​ | ​ | 11,780
Total revenue | $ | 93,059 | ​ | $ | 93,735 | ​ | $ | 186,794
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three months ended March 31,2023
​ | International | ​ | US | ​ | ​ | ​
​ | Telecom | ​ | Telecom | ​ | Total
Services transferred over time | $ | 85,680 | ​ | $ | 81,072 | ​ | $ | 166,752
Goods and services transferred at a point in time | ​ | 3,259 | ​ | ​ | 2,546 | ​ | ​ | 5,805
Total revenue accounted for under ASC 606 | $ | 88,939 | ​ | $ | 83,618 | ​ | $ | 172,557
Operating lease income | ​ | 72 | ​ | ​ | 1,831 | ​ | ​ | 1,903
Government grant revenue (1) | ​ | 1,397 | ​ | ​ | 9,917 | ​ | ​ | 11,314
Total revenue | $ | 90,408 | ​ | $ | 95,366 | ​ | $ | 185,774
​
| (1) | Revenue recognized from CAF II, USF and RDOF programs. Refer to Note 8.
Summary of contracts asset and liabilities | Contract assets and liabilities consisted of the following (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | March 31, 2024 | ​ | December 31, 2023 | ​ | ​ | $ Change | ​ | % Change
Contract asset – current | $ | 3,469 | ​ | $ | 3,616 | ​ | $ | (147) | ​ | ​ | (4.1) | %
Contract asset – noncurrent | ​ | 5,490 | ​ | ​ | 5,509 | ​ | ​ | (19) | ​ | ​ | (0.3) | %
Contract liability – current | ​ | (31,721) | ​ | ​ | (30,990) | ​ | ​ | (731) | ​ | ​ | 2.4 | %
Contract liability – noncurrent | ​ | (61,611) | ​ | ​ | (64,035) | ​ | ​ | 2,424 | ​ | ​ | (3.8) | %
Net contract liability | $ | (84,373) | ​ | $ | (85,900) | ​ | $ | 1,527 | ​ | ​ | (1.8) | %
Schedule of activity in allowances for credit losses | Activity in the allowance for credit losses is below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended
​ |  | March 31, 2024 |  | March 31, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at beginning of period |  | $ | 16,362 | ​ | $ | 15,171
Current period provision for expected losses |  | ​ | 1,322 | ​ | ​ | 1,378
Write-offs charged against the allowance |  | ​ | (903) | ​ | ​ | (591)
Recoveries collected | ​ | ​ | 83 | ​ | ​ | 74
Balance at end of period | ​ | $ | 16,864 | ​ | $ | 16,032
​

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