Quarterly report pursuant to Section 13 or 15(d)

Contract Assets and Liabilities (Tables)

v3.22.1
Contract Assets and Liabilities (Tables)
 3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Components of contract assets and contract liabilities
The components of contract assets and contract liabilities consisted of the following:
March 31, December 31,
2022 2021
(in thousands)
Contract assets - current
Unbilled revenue $ 2,436  $ 788 
Contract assets 429  890 
Total contract assets - current $ 2,865  $ 1,678 
Contract liabilities - current
Deferred revenue - short-term $ 9,286  $ 11,082 
Other contract liabilities 242  184 
Total contract liabilities - current $ 9,528  $ 11,266 
Contract liabilities - long-term $ —  $ — 
Deferred revenue - long-term 3,000  568 
Total contract liabilities - long-term $ 3,000  $ 568 
Changes in short-term and long-term contract assets and contract liabilities reported as of January 1, 2022 were as follows:
Contract Assets Contract Liabilities
(in thousands)
Balance on January 1, 2022 $ 1,678  $ 11,834 
Billings or revenue recognized that was included in the beginning balance 589  (7,735)
Cash received in advance and not recognized as revenue —  6,746 
Changes in contract assets, net of reclassification to receivables 1,058  — 
Cumulative catch-up adjustment arising from changes in estimates to complete —  1,335 
Cumulative catch-up adjustment arising from contract modification —  290 
Changes in costs to fulfill and amortization of commission costs (460) — 
Changes in contract commission costs —  58 
Balance on March 31, 2022 $ 2,865  $ 12,528