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REVENUE RECOGNITION AND RECEIVABLES (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, 2024 | ​ | Three months ended September 30, 2023
​ | International | ​ | US | ​ | ​ | ​ | ​ | International | ​ | US | ​ | ​ | ​
​ | Telecom | ​ | Telecom | ​ | Total | ​ | Telecom | ​ | Telecom | ​ | Total
Services transferred over time | $ | 89,139 | ​ | $ | 69,856 | ​ | $ | 158,995 | ​ | $ | 87,657 | ​ | $ | 81,459 | ​ | $ | 169,116
Goods and services transferred at a point in time | ​ | 3,591 | ​ | ​ | 2,016 | ​ | ​ | 5,607 | ​ | ​ | 4,752 | ​ | ​ | 4,111 | ​ | ​ | 8,863
Total revenue accounted for under ASC 606 | $ | 92,730 | ​ | $ | 71,872 | ​ | $ | 164,602 | ​ | $ | 92,409 | ​ | $ | 85,570 | ​ | $ | 177,979
Operating lease income | ​ | 157 | ​ | ​ | 1,918 | ​ | ​ | 2,075 | ​ | ​ | 72 | ​ | ​ | 1,876 | ​ | ​ | 1,948
Government grant revenue (1) | ​ | 1,394 | ​ | ​ | 10,380 | ​ | ​ | 11,774 | ​ | ​ | 1,397 | ​ | ​ | 9,712 | ​ | ​ | 11,109
Total revenue | $ | 94,281 | ​ | $ | 84,170 | ​ | $ | 178,451 | ​ | $ | 93,878 | ​ | $ | 97,158 | ​ | $ | 191,036
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Nine months ended September 30, 2024 | ​ | Nine months ended September 30, 2023
​ | International | ​ | US | ​ | ​ | ​ | ​ | International | ​ | US | ​ | ​ | ​
​ | Telecom | ​ | Telecom | ​ | Total | ​ | Telecom | ​ | Telecom | ​ | Total
Services transferred over time | $ | 267,970 | ​ | $ | 219,728 | ​ | $ | 487,698 | ​ | $ | 260,066 | ​ | $ | 242,862 | ​ | $ | 502,928
Goods and services transferred at a point in time | ​ | 10,243 | ​ | ​ | 8,935 | ​ | ​ | 19,178 | ​ | ​ | 11,792 | ​ | ​ | 9,255 | ​ | ​ | 21,047
Total revenue accounted for under ASC 606 | $ | 278,213 | ​ | $ | 228,663 | ​ | $ | 506,876 | ​ | $ | 271,858 | ​ | $ | 252,117 | ​ | $ | 523,975
Operating lease income | ​ | 304 | ​ | ​ | 5,989 | ​ | ​ | 6,293 | ​ | ​ | 217 | ​ | ​ | 5,593 | ​ | ​ | 5,810
Government grant revenue (1) | ​ | 4,180 | ​ | ​ | 31,178 | ​ | ​ | 35,358 | ​ | ​ | 4,192 | ​ | ​ | 29,273 | ​ | ​ | 33,465
Total revenue | $ | 282,697 | ​ | $ | 265,830 | ​ | $ | 548,527 | ​ | $ | 276,267 | ​ | $ | 286,983 | ​ | $ | 563,250
​
| (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):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | September 30, 2024 | ​ | December 31, 2023 | ​ | ​ | $ Change | ​ | % Change
Contract asset – current | $ | 3,657 | ​ | $ | 3,616 | ​ | $ | 41 | ​ | ​ | 1.1 | %
Contract asset – noncurrent | ​ | 4,846 | ​ | ​ | 5,509 | ​ | ​ | (663) | ​ | ​ | (12.0) | %
Contract liability – current | ​ | (30,319) | ​ | ​ | (30,990) | ​ | ​ | 671 | ​ | ​ | (2.2) | %
Contract liability – noncurrent | ​ | (57,177) | ​ | ​ | (64,035) | ​ | ​ | 6,858 | ​ | ​ | (10.7) | %
Net contract liability | $ | (78,993) | ​ | $ | (85,900) | ​ | $ | 6,907 | ​ | ​ | (8.0) | %
Schedule of activity in allowances for credit losses | Activity in the allowance for credit losses is below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended
​ |  | September 30, 2024 |  | September 30, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at beginning of period |  | $ | 16,362 | ​ | $ | 15,171
Current period provision for expected losses |  | ​ | 4,209 | ​ | ​ | 4,014
Write-offs charged against the allowance |  | ​ | (5,511) | ​ | ​ | (3,017)
Recoveries collected | ​ | ​ | 255 | ​ | ​ | 414
Balance at end of period | ​ | $ | 15,315 | ​ | $ | 16,582
​

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