XML 39 R28.htm IDEA: XBRL DOCUMENT

REVENUE RECOGNITION AND RECEIVABLES (Tables)

9 Months Ended

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