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REVENUE RECOGNITION AND RECEIVABLES (Tables)

3 Months Ended

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

​

X

- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

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- Definition

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-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

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- Definition

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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