Quarterly report pursuant to Section 13 or 15(d)

Contract Assets and Liabilities (Tables)

v3.22.2.2
Contract Assets and Liabilities (Tables)
9 Months Ended
Sep. 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:
September 30, December 31,
2022 2021
(in thousands)
Contract assets - current
Unbilled revenue $ 5,651  $ 788 
Contract assets 264  890 
Total contract assets - current $ 5,915  $ 1,678 
Contract assets - long-term
Unbilled revenue - long-term $ 1,116  $ — 
Contract assets - long-term 216  — 
Total contract assets - long-term(1)
$ 1,332  $ — 
Contract liabilities - current
Deferred revenue - short-term $ 8,611  $ 11,082 
Other contract liabilities 407  184 
Total contract liabilities - current $ 9,018  $ 11,266 
Contract liabilities - long-term $ —  $ — 
Deferred revenue - long-term 42  568 
Total contract liabilities - long-term $ 42  $ 568 
Changes in short-term and long-term contract assets and contract liabilities for the nine months ended September 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) (9,152)
Changes in contract assets or contract liabilities, net of reclassification to receivables 6,767  3,329 
Cumulative catch-up adjustment arising from changes in estimates to complete —  2,536 
Cumulative catch-up adjustment arising from contract modification —  290 
Changes in costs to fulfill and amortization of commission costs (410) — 
Changes in contract commission costs —  223 
Balance on September 30, 2022 $ 7,247  $ 9,060