Revenue Recognition

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

The following table presents the Company's revenue disaggregated by solution group, geographical market and timing of transfer of products and services. The Company has one reportable segment in accordance with ASC 280, Segment Reporting; as such, the disaggregation of revenue below reconciles directly to its unique reportable segment.



	Three Months Ended March 31,
(In thousands)	2020		2019
By solution group:
Ratings and Planning ⁽¹⁾	$	63,521	$	70,577
Analytics and Optimization ⁽¹⁾	15,501		21,458
Movies Reporting and Analytics	10,506		10,259
Total	$	89,528	$	102,294
By geographical market:
United States	$	77,146	$	87,976
Europe	7,483		8,412
Latin America	2,020		2,402
Canada	1,562		1,840
Other	1,317		1,664
Total	$	89,528	$	102,294
By timing of revenue recognition:
Products and services transferred over time	$	71,917	$	76,461
Products and services transferred at a point in time	17,611		25,833
Total	$	89,528	$	102,294

⁽¹⁾Beginning April 1, 2020, on a prospective basis only, the Company plans to classify revenue from certain new and extended custom agreements for services that utilize its syndicated data set as Ratings and Planning. Prior to April 1, 2020, revenue from these agreements was classified as Analytics and Optimization. The Company does not expect a material impact to either Ratings and Planning revenue or Analytics and Optimization revenue from this change, which is intended to better reflect management's categorization of the underlying services.

Contract Balances

The following table provides information about receivables, contract assets, contract costs, contract liabilities and customer advances from contracts with customers:



	As of		As of
(In thousands)	March 31, 2020		December 31, 2019
Accounts receivable, net	$	67,751	$	71,853
Current and non-current contract assets	662		1,035
Current and non-current contract costs	691		799
Current contract liability	60,788		58,158
Current customer advances	9,752		9,886
Non-current contract liability	268		291

Significant changes in the contract assets and the contract liabilities balances are as follows:



	Contract Liability (Current)
	Three Months Ended March 31,
(In thousands)	2020			2019
Revenue recognized that was included in the opening contract liability balance	$	(33,315	)	$	(39,481	)
Cash received or amounts billed in advance and not recognized as revenue	37,116			39,200

Transaction Price Allocated to the Remaining Performance Obligations

As of March 31, 2020, approximately $225.0 million of revenue is expected to be recognized from remaining performance obligations that are unsatisfied (or partially unsatisfied) for non-cancelable contracts. The Company expects to recognize revenue on approximately 54% of these remaining performance obligations during the remainder of 2020, approximately 33% in 2021, and approximately 12% in 2022, with the remainder recognized thereafter.

Costs to Obtain or Fulfill a Contract

As of March 31, 2020 and December 31, 2019, the Company had $0.7 million and $0.8 million, respectively, in capitalized contract costs. For the three months ended March 31, 2020, amortized and expensed contract costs were $0.3 million. For the three months ended March 31, 2019, amortized and expensed contract costs were $0.6 million.