Quarterly report pursuant to Section 13 or 15(d)

Contract Assets and Liabilities (Tables)

v3.22.2
Contract Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 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:
June 30, December 31,
2022 2021
(in thousands)
Contract assets - current
Unbilled revenue $ 5,091  $ 788 
Contract assets 411  890 
Total contract assets - current $ 5,502  $ 1,678 
Contract liabilities - current
Deferred revenue - short-term $ 4,260  $ 11,082 
Other contract liabilities 671  184 
Total contract liabilities - current $ 4,931  $ 11,266 
Contract liabilities - long-term $ —  $ — 
Deferred revenue - long-term —  568 
Total contract liabilities - long-term $ —  $ 568 
Changes in short-term and long-term contract assets and contract liabilities for the six months ended June 30, 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 (788) (9,153)
Changes in contract assets or contract liabilities, net of reclassification to receivables 5,091  (756)
Cumulative catch-up adjustment arising from changes in estimates to complete —  2,163 
Cumulative catch-up adjustment arising from contract modification —  356 
Changes in costs to fulfill and amortization of commission costs (479) — 
Changes in contract commission costs —  487 
Balance on June 30, 2022 $ 5,502  $ 4,931