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Revenue
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue

3. REVENUE

The following is a description of the principal activities from which revenue is generated by reportable segment:

Network Solutions Segment - Includes hardware products and software-defined next-generation virtualized solutions used in service provider or business networks, as well as prior generation products.

Services & Support Segment - Includes maintenance, network implementation, solutions integration and managed services, which include hosted cloud services and subscription services.

Revenue by Category

 

In addition to our reportable segments, revenue is also reported for the following three categories – Access & Aggregation, Subscriber Solutions & Experience and Traditional & Other Products.

 

The following tables disaggregate revenue by reportable segment and revenue category:

 

 

 

Three Months Ended

 

 

 

June 30, 2022

 

 

June 30, 2021

 

(In thousands)

 

Network Solutions

 

 

Services & Support

 

 

Total

 

 

Network Solutions

 

 

Services & Support

 

 

Total

 

Access & Aggregation

 

$

78,852

 

 

$

10,909

 

 

$

89,761

 

 

$

78,307

 

 

$

12,657

 

 

$

90,964

 

Subscriber Solutions & Experience

 

 

75,186

 

 

 

2,958

 

 

 

78,144

 

 

 

45,097

 

 

 

2,713

 

 

 

47,810

 

Traditional & Other Products

 

 

1,954

 

 

 

2,179

 

 

 

4,133

 

 

 

2,045

 

 

 

2,413

 

 

 

4,458

 

Total

 

$

155,992

 

 

$

16,046

 

 

$

172,038

 

 

$

125,449

 

 

$

17,783

 

 

$

143,232

 

 

 

 

 

Six Months Ended

 

 

 

June 30, 2022

 

 

June 30, 2021

 

(In thousands)

 

Network Solutions

 

 

Services & Support

 

 

Total

 

 

Network Solutions

 

 

Services & Support

 

 

Total

 

Access & Aggregation

 

$

163,141

 

 

$

22,080

 

 

$

185,221

 

 

$

138,360

 

 

$

21,678

 

 

$

160,038

 

Subscriber Solutions & Experience

 

 

127,009

 

 

 

5,741

 

 

 

132,750

 

 

 

97,366

 

 

 

5,013

 

 

 

102,379

 

Traditional & Other Products

 

 

4,216

 

 

 

4,369

 

 

 

8,585

 

 

 

3,532

 

 

 

4,816

 

 

 

8,348

 

Total

 

$

294,366

 

 

$

32,190

 

 

$

326,556

 

 

$

239,258

 

 

$

31,507

 

 

$

270,765

 

 

The aggregate amount of transaction price allocated to remaining performance obligations that have not been satisfied as of June 30, 2022 and December 31, 2021 related to contractual maintenance agreements, contractual SaaS and subscription services, and hardware contracts that exceed one year in duration amounted to $164.5 million and $101.1 million, respectively. As of June 30, 2022, approximately 84% is expected to be recognized over the next 12 months and the remainder recognized thereafter. The majority of the Company's remaining performance obligations at June 30, 2022 are related to contracts or orders that have an original expected duration of one year or less, for which the Company is electing to utilize the practical expedient available within the guidance, and are excluded from the transaction price related to these future obligations. The Company will generally satisfy the remaining performance obligations as we transfer control of the products ordered or services to our customers, excluding maintenance services, which are satisfied over time.

The following table provides information about receivables, contract assets and unearned revenue from contracts with customers:

 

 

 

As of

 

 

As of

 

(In thousands)

 

June 30, 2022

 

 

December 31, 2021

 

Accounts receivable, net

 

$

172,088

 

 

$

158,742

 

Contract assets(1)

 

$

1,749

 

 

$

464

 

Unearned revenue

 

$

22,705

 

 

$

17,737

 

Non-current unearned revenue

 

$

10,133

 

 

$

9,271

 

 

(1) Included in other receivables on the Condensed Consolidated Balance Sheets.

 

Of the outstanding unearned revenue balances as of December 31, 2021, $4.1 million and $9.5 million was recognized as revenue during the three and six months ended June 30, 2022, respectively. Of the $14.1 million of outstanding unearned revenue balances as of December 31, 2020, $2.9 million and $7.9 million was recognized as revenue during the three and six months ended June 30, 2021, respectively.